Increasing hopes of a US rate hike have seen commodities retreat 2 March

US WTI crude now on 2-week lows of $52.73 with Brent also extending losses at $55.30.

Gold also 1237.53 off session lows at $1235.50.

GBPUSD 1.2270 getting a little support from GBPJPY demand as USDJPY posts 114.46 session highs but unable to break 114.50 as yet.

EURUSD testing 1.0500 again but it too is seeing a few EURPY-led bids.

Earlier I highlighted demand at 1.3350 for USDCAD and we've duly bounced to 1.3380

All aboard the Trump trade train again it appears for the moment.