– Monday saw the lowest overall volume of the past two weeks.
– Half of the G10 currencies including EUR and GBP recorded activity below 50th percentile of the past 12-months.
– EUR/USD buying was on low volume as investors displayed a lack of commitment to the up-move. This suggests profit taking rather than a change of trend.
– Counter trend days in AUD/USD and USD/CAD, like EUR/USD point to a pause in the recent trend, not a change of investor sentiment.
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Barclays