The EUR remains very weak as political uncertainty continues in the EZ but the AUD seems to have stabilised, bouncing back well after posting fresh lows below .9700. Sterling is also weak, impacted by the EUR crisis as well as renewed QE speculation, but its also gaining again against the EUR. The Yen is strengthening on the back of ever increasing EUR/JPY bets, but just because the market is short does not necessarily mean that it cannot continue to fall.
Chinese economic data will take centre stage later this morning and this will also impact on risk sentiment.
Good luck today.
