SaxoTV

Veksler: Expect another week of muted volatility in FX

487 views
July 06, 2015 aud, aud usd, audusd, aussie, aussie dollar, aussie economy, aussiedollar, australia, australia economy, australian central bank, australian dollar, australian economy, australian reserve bank, eu, eur, eur usd, euro, euro area, euro dollar, euro zone, eurodollar, europa, europe, european, european banks, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurusd, fomc, fomc minutes, foreign exchange, forex, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trading, forextrading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, greece, greece bailout, greece collateral, greece crisis, greece debt, greece debt crisis, greece europe, greece european union, greece exit, greece germany, greece money, greek, greek bailout, greek banks, greek bonds, greek collapse, greek crisis, greek debt, greek debt ecb, greek debt talks, greek economy, greek election, greek finance minister, greek finances, greek negotiations, greek prime minister, greek referendum, greek talks, greekdebt, green investments, greexit, grexit, janet, janet yellen, janet yellen fed, janet yellen federal reserve, janet yellen rates, janet yellen testimony, japan, japan economy, japanese, japanese economy, japanese yen, jpy, jpy crosses, jpyusd, rba, rba aussie, reserve, reserve bank, reserve bank of australia, reservebankofaustralia, reserves, saxo, saxo bank, saxo tv, trading, tradingfloor, tradingfloor.com
EURUSD gapped lower when Asia opened this Monday following the Greek no vote. But that gap has been closing says Ken Veksler from Accumen Management. He says expect more 'muted volatility' this week as the market tries to work out what happens next.

The Eurozone leaders meet on Tuesday and debt relief will be top of the agenda, predicts Veksler. But there are other key events this week including the Reserve Bank of Australia's meeting which is held early Tuesday morning (GMT). It's important because the Aussie reached significant multi-year lows on Friday.

On Wednesday the FOMC minutes are released and watch out for Janet Yellen's speech on Friday, both of which may give more clarity on a future Fed rate hike.

Ken himself is still steering clear of EURUSD at the moment. He explains what crosses he is looking at.