Looks like we’ve joined the May Day celebration as markets shift into neutral. EUR/USD did the bare minimum, rising just above 1.4900 to trigger the latest in a string of barriers before falling into a quiet sideways consolidation. Looks like we will stay there until the markets get back to full strength tomorrow.
Oil is down slightly now, $0.45 lower on the day at $113.47. Gold is a shade firmer than opening levels, now at $1555.50. Silver has shaken off much of its margin-related sales from overnight and trades now at $46.00.
