U.S. Session Recap – December 11, 2013

  • JOLTS job openings hits 3.93M in October, a -5year high
  • NIESR U.K. GDP estimate at 0.8% in the 3 months ending in November
  • Draghi calls for economic reforms and banking union

What dollar strength? With no tier 1 data to liven up the markets, the Greenback was hit by a round of profit-taking.

EUR/USD reached a high at 1.3795 and Cable popped up to 1.6454 before the London session ended and profit-taking ensued. The dollar also hit lows against the franc and the yen with USD/JPY hitting 102.80 while USD/CHF fell to the .8850 area. The comdolls also enjoyed the rally since AUD/USD, USD/CAD, and NZD/USD all showed USD weakness.

Let’s see if the Asian markets will pick up the risk appetite vibe today at 12:30 am GMT when Australia’s Westpac consumer sentiment is due. Japan’s core machinery numbers will then make an appearance at 12:50 am GMT before we start the London session.

Good luck trading today, kids!

See also:

London Session Recap

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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