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ForexLive Asia FX news wrap: Cable has a sharp dip trip in late NY

Discussion in 'Market News' started by ForexLive, Oct 16, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for Asia trading Friday 16 October 2015 Japan Australia, New Zealand Federal Reserve Cable was an early mover ... or late depending on your perspective I suppose ... selling down a rapid 40 or so points in the very late US afternoon/early Sydney ... a notoriously illiquid time of day. It bounced back nearly as quickly, with the move seemingly not related to any news release, more to do with a cluster of stops below 1.5475 and a thin market. it subsequently retraced its loss and tracked pretty much sideways for the session thereafter.

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