Not likely as GBP/USD takes out the barrier at 1.5550 by 2 pips
EUR/USD continues to stall at 1.3180 (wasn’t I saying this about 1.3080 a hour or so ago). Time flies when you’re having fun.
Looks like dollar bashing round 2 is on the cards.
USD/JPY bounced from 97.00 up to 97.30 but was sold into pretty swiftly.
Some of the drop in oil can be attributed to a worried Saudi minister visiting Washington concerned about the US shale boom hindering imports from the Middle East.
He says that talk of energy independence fails to recognise the interconnected nature of international energy markets. He believes this talk of ending reliance is a naive and rather simplistic view.
Later he went on to say that he believes his own country has tremendous amounts of shale oil also…so there.
