– Volumes remain high overall but they dipped slightly yesterday as the euro corrected.
-EUR/USD surprised us by falling sharply yesterday, but as volumes were down on Fri and consistent with previous corrections this year, we are reluctant to conclude that wholesale profit taking is underway.
– NZD/USD rebounded off its recent highs on sharply lower volume.
– EUR/SEK volumes rose again as price fell towards its range lows of the last four months.
– USD/JPY fell yesterday on lower day-on-day volume; volume remains with the uptrend for the time being.
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Barclays Capita