Volumes surged again yesterday to make a new high for the past twelve months. This was supported by activity in USD, EUR, JPY, AUD and NZD, which were all at the highest level for the past year.
– EUR/NOK has been a standout as volumes have fallen over the past two days. This questions the sustainability of the recent up-move.
– After a lower volume down-day in EUR/CHF, investor activity surged again yesterday as the move higher resumed.
– The weak JPY story continues with upside breaks in EUR/JPY and USD/JPY attracting the highest volumes in over a year.
Click here to read the full report: Technical Research
Barclays Capital