One day we’re scared of our shadow. The next day, we’re strong like bull…hard to figure.
Not sure what the catalyst is but stocks and commodities are rallying nicely, catching the market a bit on the wrong foot.
USD/JPY and EUR/JPY are rallying nicely and even the beleaguered EUR/CHF is bouncing from its all-time lows set at 1.2898 in Europe this morning. That cross now trades near 1.2960.
We’ll keep or ears perked for any word on upcoming fixings…
