DAX and EuroFirst now in negative territory along with US equity futures as oil turns lower again
EURUSD up at 1.0988 and EURGBP has broken up through decent offers/res into 0.7235 to post 0.7252
More EURGBP offers up here should cap further rallies but it does highlight the inherent supply in GBP this morning following fund-based selling in Asia with cable down to fresh session lows of 1.5140 . Bids/support nearby into 1.5130 with more between 1.5100-10 still
EURCHF is lower on 4-week lows testing support at 1.0780-85 and EURJPY is also lower so it's not a comprehensive euro rally
It's each currency on its own merits right now with USDJPY down at 120.85 with AUDUSD holding its own on various cross demand at 0.7208
USDCAD is higher again at 1.3740 after the oil prices falls with Brent down to $ 36.65 and WTI $34.70
Expect the SNB to be lurking around and keeping a close eye on further EURCHF and USDCHF dips. Currently 1.0788 and 0.9825
