January 31, 2023 08:26 GMT
Futures Volumes Tip Ahead of Average For This Time of Day
- Coming back to the EURUSD price action over past 30 mins or so: worth noting that activity / volumes really picked up across futures at 0811GMT, with close to 2,500 contracts changing hands inside 60 seconds (cash equivalent ~$320mln).
- That's a much more sizeable pickup in volumes relative to the French inflation release, which saw less than half the market response in terms of volume traded.
- Volumes are now just over 10% ahead of average for this time of day, possibly catching those expecting a sleepier start to the session off guard given the delay to German inflation data (originally scheduled for today).