EUR/USD opened around 1.0984 in Sydney and fell to a low of 1.0954 in Asia, as the USD strengthened across the board. GBP/USD started the week at 1.5215 and declined to 1.5180, from where it bounced back to 1.52 at the Tokyo open. USD/JPY recovered slightly after heavy losses on Friday. It stood at 121.15 in Sydney and fell to 120.75, but found decent support there and made it to 121.20.
The commodity currencies remain mostly unchanged on the day. AUD/USD began the new trading week at 0.7205, fell to 0.7160 and rallied back to 0.7205. NZD/USD consolidated in a 0.6690-0.6720 range, while price action in USD/CAD remains choppy. The pair opened at 1.3715, roughly 40 pips lower from Friday's close, filled the gap and then fell back to 1.3730.
Tuesday, December 15th
Wednesday, December 16th
Thursday, December 17th
Friday, December 18th
IC Markets is revolutionizing on-line forex trading; on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.