It's USD demand being seen across the board as NA desks join in the fun 6 Feb
GBPUSD now down to 1.3885, EURUSD posting new recent lows of 1.2345, USDJPY back up to 109.22, USDCH posting session highs of 0.9380.
AUDUSD finding a little support around 0.7850 and NZDUSD around 0.7280 with USDCAD finding a few sellers above 1.2560 having held 1.2500.
US equity futures paring some losses leading the way but European equities also off their lows and staging another bounce as I type but USD demand still the flavour of the day. DXY (USD Index) on the rise too and testing 90. not seen since 25 Jan.
Busy times. New traders would be advised to sit it out if unsure and learn by watching price action. Discretion can often be the better part of valour. More experienced traders will be enjoying the moves as long as main rules of discipline are being adhered to.
