– Volumes dropped off last Friday, but were still above average for the past 12-months.
– EUR/NOK volumes jumped higher on last Thursday’s range break and the subsequent down day points to profit taking emerging at the highs.
– High volumes in USD/NOK also signal sellers near the 5.7000 range highs.
– Volumes in EUR/USD over the past week were highest on the down days. This suggests greater investor interest to sell and keeps the focus lower for now.
– Commodity currencies dominate the ranking for volume above the 1-week average.
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Barclays