The rates on my Reuters Eikon look to be frozen in time! Very little change from overnight and we can expect another quiet session in Asia due to the Anzac holiday.
- I still like the GBP higher and will consider adding a cable long to my EUR/GBP short if momentum can pick up (though probably not before Monday);
- EUR/USD is trapped in a very tight range but my feeling is that the market is short and we will get a top-side squeeze first;
- The AUD is slowly giving back some recent gains across the board and we can expect further consolidation today. I’m still very much in the buy-big-dip camp on the AUD/USD and I also like the look of AUD/NZD as a dip-buying opportunity;
- USD/JPY is tied in by some big option expiries and best left alone in my view.
Have a great day and TGIF.