Yesterday we heard during the Asian market of some looming big flows into the AUD, EUR and GBP and these eventuated, starting during the London fix. There is more to come I hear, but we will probably see the usual consolidation during Asian trade as players wait for increased liquidity during the Europe/US crossover before doing their bigger business. Buying any sizeable intraday dips in AUD/USD, EUR/USD or cable looks like the safest short-term trading strategy.
Good luck today.
