EUR/USD has extended its range to the 1.3675 level, getting a lift by Bernanke’s dovish tone despite strong US retail sales today. Options-related selling is expected ahead of 1.3700 barrier options while stop-loss buy orders above the 1.3700 level are said to be substantial.
In cable, we’ve traded up to a new weekly high at 1.5488. 1.5500 barriers are rumored, traders say.
0.9950 barriers in USD/CAD round-out the exotic options within hailing distance.
Commodities, commodity currencies and equities are all firm today on strong Asian and US economic data. Sellers remain in AUD on rallies to 0.9380/0.9400, traders report.
