Hello everyone, I’m be covering for the next four hours and then Sean will take over.
EUR/USD ended the day at 1.3033, dropping close to 200 pips on the day and well below the October low of 1.3144. Support is at 1.30 and it will be interesting to see if Asian traders go on the attack. My feeling is that we’re close to a final gasp lower before we settle into a range in quiet year-end markets.
On the calendar today is Westpac Australian consumer confidence at 2330 GMT followed thirty minutes later by Chinese M2. Then it goes quiet until 0430 GMT with Japanese industrial production.