Yet again the overnight market has seen plenty of action as per Jamie’s report; with firm US yields we can expect the USD/JPY to be underpinned and the Asian bourses to be firm.
The AUD broke the parity barrier yet again and is also likely to be bid on dips for the moment as players may suspect a test of the 1.0180 level if the scenario plays out.
An aggressive amount of selling of GBP/AUD by a UK clearer last night assisted both Cable to trade with a suitable ‘lid’ on it and aided the AUD/USD rise. The pair traded at a similar low to the previous occasion at 1.5770 approx ( my platform has a wide spread) and looks , sadly for me, rather soft….I still blame Shane Warne’s dalliance
Sean’s on the 3rd tee and I am about to make one of the other kind…back in a min
