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Another steady session for European traders?
Well, it sure looks very much like it so far. Majority of the moves took place during Asian trading and we haven’t had much extension of the daily ranges since. This was the snapshot almost three hours ago at the start of trading.
It’s all setting up for yet another slow and steady session before the hustle and bustle in US trading. Even equities and bond yields are mostly flat on the session so far and that offers little direction or hints for traders to act upon.
The only real mover is Italian stocks as they are weighed down by bank shares today, as BTPs moved lower at the start of the session. But so far the moves there appear to be more localised than trend-setting.
This article was originally published by Forexlive.com. Read the original article here.