Head of FX Strategy
Summary: Risk sentiment has managed to maintain an even keel on the latest US-China trade news and through today’s US economic data. This has seen a broadly firm US dollar, together with firmness in oil-related currencies like NOK and CAD. On the weak side, GBP and AUD continue to suck wind.
Breakout signal tracker
Will review opportunities early next week – for now, just keeping the lone open AUDUSD short.
Page 1: the JPY crosses a bit less heavy today as risk appetite has managed to so far brush off bad news. Sterling has been on a blistering run lower and bumps up against the 200-day moving average soon in EURGBP.