Trades at NY session lows
The EURUSD is trading at the NY session low of 1.08252. The London session low was 1.08248. The Asian Pacific low reached 1.08198. The range today remains at 50 pips which is the equal to the most narrow trading day of the year from May 25th. That was Memorial Day in the US – a day when stock markets are closed. Prior to that, you need to go back to September. Can we blame the golf for the lethargic. Perhaps for some distraction. But with no Greece. Fed intentions known. ECB intentions known. And the date toward the end of July with a month and a few weeks left of summer, the market may start to feel a bit rudderless.