- Ranges hold firm overnight for all major pairs:
- No major economic releases today, with Australian business confidence and Chinese new loans the only ‘highlights’:
- USD/JPY staying stable ahead of weekend’s election but reports suggest that Yen short positioning is at extreme levels:
- USD/JPY still stuck in 81.70/82.80 consolidation:
- AUD/USD also stuck in neutral; macros and Sovereigns selling 1.0510/20, same Sovereigns buying dips:
- EUR/USD stalled ahead of solid bids 1.2870/80 and triggered trailing short stops above 1.2930; sell orders reportedly solid 1.3000:
- Cable still being ‘monstered’ by option players:
- Gold +0.5%; iron ore +2%; stocks flat.