EUR/USD tried to rally in early European trade but has again failed to generate any momentum and we are now back at yesterday’s Asian-session levels. Cable briefly breached its weekly trendline but has closed above it, USD/JPY has continued to fall despite the presence of BOJ agents, and AUD/USD has bounced nicely after some very heavy buying yesterday from Sovereign players near .9675.
China PMI is the highlight on the economic calendar.
Good luck today and TGIF.
