US equities market is now down just about 0.4% from flat earlier.
With equities heading south, we could potentially see further buying of USD in the market.
It will interesting to see if EUR can hold 1.2900 and also if GBP can hold 1.6000.
I think we could see Asia opening lower or continue to pressure the risk currencies if the US equities market get smack today.
I am still holding my short GBPUSD. I see cable below 1.6000.
We are less than 10 points away from breaking some key levels on EURUSD and GBPUSD.
ReplyDeleteI have now taken back my short GBPUSD. Will look for other opportunities again tomorrow.
ReplyDelete