– Activity on Friday was the lowest for the week.
– EUR/USD volumes over the past two weeks has declined on up-moves and increased on sell-offs as investors signal better appetite to sell than to buy.
– EUR/SEK broke recent range highs with a pick up in volume signalling further profit taking. Above average volume with the down-move in USD/NOK points to NOK outperformance vs. SEK.
– Higher closes in GBP/USD over the past couple of days have been on declining volume. Investors are reluctant to buy GBP.
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Barclays