Traders are bemoaning woefully scarce end-user flow this morning, with Chicago for the second Monday in a row showing little or no interest, with a paltry E30-35mn trading in the first hour of pit trading. Spot has traded in a 1.3541/55 "range" so far, with CTAs and ECNs noticeably absent.
Spot has been moored at the 1.3547/50 mark for half an hour, and if you flipped a couple of pages forward on the traders "day finder" calendar you would swear it was July. Traders are hoping that tomorrow's German and Eurozone GDP data will liven things up, as well as US CPI and various other US indicators, however that won't help today, and it seems that traders are determined to keep their powder dry for later in the week.
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