Looks like we will have a “risk on” morning as US equities get a lift from solid earnings from the likes of Google and industrial giant GE.
Commodities are firmer in early trade with the CRB up 0.6%. Gold is an exception, consolidating recent losses in the mid-$1340s…
1.3575 and 1.3600 barriers may act as speed bumps along the way while profit-taking from central banks can’t be ruled out as well. We stalled just shy of the 50% Fibo of the 1.4280/1.2860 drop at 1.3570 earlier in the day. They have been very quick to buy dips and sell rips in eur/usd in recent days…
