- 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!
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!