Winding down early for the holiday period
The market has been very quiet overnight with only some modest flows in CAD, AUD and NZD being reported. The majors have been especially quiet and I expect it to stay this way.
My current thinking is that the USD and GBP will stay strong through the holidays, the AUD will re-bound on the crosses, and the NZD, CAD and JPY will encounter selling pressure. I’m neutral on the EUR.
If anything unexpected develops, I will certainly burden all with my views, but otherwise I’m hoping for a few quiet days to re-charge the batteries.