The jigsaw puzzle is looking a little closer to completion after overnight trade. I am now tending towards the USD-bearish camp rather than the full on risk aversion view after the EUR/USD managed to break above its short term resistance and cable also managed to break higher. The fact that neither could maintain it’s gains is a reflection on the indecision in the market generally. USD/JPY and USD/CHF remain the two lead pairs.
There is a big level looming in USD/CHF so I’ll collate that information and report shortly.
Good luck today and TGIF.
