Heading towards 1.2950 once again as general dollar buying come into play.
Stocks are all down across Europe with US futures pointing to losses as well.
Some market chatter coming in about dividend payments between Verizon Wireless and Verizon comms with UK vodafone set to receive $3.5bn. This could make for some buying of cable either at the end of the month or early June.
A way to go yet but worth keeping in the old brainbox.
USD/JPY has put on a nice 40 odd pips from the lows. I managed to get my short in last night at 101.96 but missed my t/p at 101.20 by 6 odd pips. I’m keeping my stop at 102.05 but can see me at least breaking even if we get into the 101.90’s
AUD/USD is finally really starting to break down much to the bears delight. We’re 9 pips off 0.9900
GBP/USD breaks yesterdays lows at 1.5280 down to 1.5269
