It’s all looking decidedly jumpy out their in market land at the moment. Golds spiked back up, the dollar is crumbling, yields are slipping.
Europe’s got one eye on the door and we could be seeing a lot of squaring up going on.
As I type EUR/USD is breaking 1.3700 USD/JPY is heading south to 104.
Unless you’re feeling brave I wouldn’t particularly like to jump on these moves. We’ve also the London fix at 16.00 gmt which may also provide some fireworks. There’s no point in blowing up your account just to trade some last minutes moves. Volumes have dropped in everything bar JPY and CAD.
Reuters heat map 20 12 2013
