A good day at the office for the greenback so far 16 Jan
A bit of profit-taking notable today as Friday's USD sell-off and early follow-on yesterday have failed to maintain momentum.
Softer UK inflation data and SPD/ECB headlines have seen GBPUSD and EURUSD in retreat for most of the session despite seeing dip demand holding losses earlier. Currently both near session lows at 1.3747 and 1.2212
USDCHF up to 0.9658 from 0.9625 but gains tempered by EURCHF supply down to 1.1790 from 1.1825. USDJPY a little reluctant to rally too far as well though after holding 110.60. USDCAD has nudged its way back up to 1.2447 from 1.2420
AUDUSD 0.7944 after once again failing to breach decent supply at 0.7980-00 as per my order board posts. NZDUSD also lower at 0.7965 after failing to hold with GDT auction result on the menu around 14.00 GMT
Gold and oil both lower too after the recent rallies.
I don't see any major moves and the USD demand doesn't seem so inherently heavy so play recent ranges and let's see what NA desks have to offer after their long w-e.
