The strong ISM/factory orders data gave took a coat of gloss off the shiny stuff and we saw a dip down to 1282.59 but bids reported at 1275-80 and the re-appearance of USD sellers has seen a small bounce to 1285.58. Immediate offers between 1286-90 with more at 1295-1300
Currently 1284.77 with the jury nicely balanced, as indeed it is elsewhere with USDJPY sticking around 102.80 USDCHF 0.9100 but with GBPUSD happy to have another run up to 1.6875 after holding above session lows at 1.6845
EURGBP has taken out the 0.7925-30 bids now and adding to pound demand and euro supply with EURUSD failing to rally with any conviction at 1.3862 but the pair has bids into 0.7900-10 and should help to keep cable under wraps along with the offers at 1.6900
I’m back to my early shift tomorrow but then back with ya’ll in the US session for the ECB bunfight on Thursday. Hurrah!
Thanks for your company/support and I hope I’ve highlighted a few opportunties along the way. I think there may be a few more before the session’s out.
And talking of gold ( which we were earlier if you wanna scroll up!) here’s a real foot stomper to leave you with while you re-load.
