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5 Jan 2015
EUR liquidity: A taste of things to come - FXWW
FXStreet (Bali) - According to Sean Lee, Founder at FXWW, we can start getting used to nasty gaps as the one seen today in EUR/USD.
Key Quotes
"Liquidity was understandably poor this morning, as it always is on a Monday morning, but I think we can start getting used to these nasty gaps. There will be many more comments on Greece EU membership, EZ QE etc and with market-makers changing their pricing techniques we can expect plenty more ‘gappy’ markets."
"Selling rallies in the EUR crosses is still the way to go, especially in the next 2 weeks as we approach the ECB meeting and the Greek election. I’d also definitely avoid EUR/CHF, way too risky."
Key Quotes
"Liquidity was understandably poor this morning, as it always is on a Monday morning, but I think we can start getting used to these nasty gaps. There will be many more comments on Greece EU membership, EZ QE etc and with market-makers changing their pricing techniques we can expect plenty more ‘gappy’ markets."
"Selling rallies in the EUR crosses is still the way to go, especially in the next 2 weeks as we approach the ECB meeting and the Greek election. I’d also definitely avoid EUR/CHF, way too risky."