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Tumble in EUR/USD volatility

EUR/USD ATR(14) is at minimums across several time frames, from 30min to daily charts.

Volatility shrunk to levels not seen in several weeks of trading independently from trend direction. This signal augurs poorly for short-term traders because they indicate less direction for trend following and less volatility for mean reversion. It is advised to look for a catalyst and subsequent change in dynamics before entering EUR/USD trades.

AUD/USD remains capped below 0.7600 on China services PMI

The AUD/USD pair maintains the overnight offered tone and hovers near daily troughs following the release of dismal Chinese services PMI report. AUD/
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USD/JPY sees little action after China services PMI release

Dollar-Yen pair saw little action after the data released in China showed pace of expansion in the service sector slowed slightly in July. Supported
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