• I’m still of the opinion that the Gold/Silver markets are telling us something important;
  • The market seems keen to sell risk pairs like AUD/JPY but the ‘commodity’ influence seems to be outweighing or at least counter-balancing this;
  • The AUD market smells short and we might get a sharp short-cover ahead of the weekend;
  • Not much of note on today’s economic calendar so it will be all about positional adjustment.