AUD,NZD/GBP crosses/JPY crosses

US House of Reps to vote on fiscal-cliff bill in 15 minutes

The Senate already passed the bill and it looks like the House will do the same when it votes shortly.

Risk trades are still moving higher in thin trade. You’ve missed your chance on the AUD/USD, now 85 pips above earlier lows, EUR/JPY has gapped 20/30 pips higher on at least 2 occasions and is now 100 pips above the earlier lows near 114.20, and cable is trading just below the aforementioned resistance.

Buy-the-rumour-sell-the-fact seems like a reasonable play so bears can try fading this rally as soon as the vote is over.

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