St Patricks day last year was when the proverbial hit the fan. Bear Stearns went broke and since then the financial world has become a different place. Not that I expect today to be of any particular significance. Asia will probably see it’s usual early run at triggering weak stops and then settle and consolidate before Europe comes in.
Levels to watch are 98.60/85 in USD/JPY where Japanese exporters are selling. Stop losses below 1.2920 in the EUR/USD and below 1.4000 in the cable. AUD/USD has again failed to close above it’s 100-day MA which is at .6624.
Good luck today agus La Feile Phadraig!
