Risk is very much in fashion early in the new year as oil rises $1.80 to $81.15, the S&P 500 jumps 0.7% in futures trade and EUR/USD sprints to a new high at 1.4430. Stops above 1.4425 are being triggered as we write. Resistance lies now at 1.4440 and 4.4460. Offers extend to 1.4470, traders say.
AUD/USD is leading the way higher, zipping to 0.905 so far. Robust Asian growth is helping reduce fears over the holidays that the RBA may have tightened too much too fast.
