Prices have steadied in the last 30 minutes following the trigger of an option barrier at 1.3650 in EUR/USD and stops above. The pair topped out at 1.3675 and has eased slightly – ditto GBP/USD which hit 1.5915 before some sovereign selling interest arrived on the scene.
AUD/USD has been in a slumber all day after profit taking kicked in during the Asian session whilst Spot Gold is up in lights again just making a fresh record high at 1314.70. As someone pointed out earlier this week this is not exactly true – gold traded $2000-2200 back in the 14th and 15th centuries before the conquistador’s found gold.
