Positive tones but off opening highs as European markets get underway 25 July

  • FTSE +0.3%
  • DAX +0.1%
  • CAC40 +0.3%
  • FTMIB +0.4%
  • IBEX +0.4%

Meanwhile USD demand returning. I warned in an earlier post that if we didn't see any fresh momentum to break through decent levels then we'd remain in range.

Bingo, USDJPY up to 111.00, GBPUSD down to 1.3023, EURUSD down to 1.1647 sending EURGBP down to 0.8942 from 0.8953

In China the SCI closes down -0.2%, CS1300 Index down -0.6%.