European stocks are edging further away from the lows. US futures are pointing to a red opening. -7pts in the S&P, -40 in the Dow and -14 in the Nasdaq.
The dollar got a little boost after the figures.
EUR/USD dropped to 1.2913 but was on the way there anyway.
GBP/USD down to 1.5072 but is recovering towards 1.5100
USD/JPY took a pop to the 101.60’s but soon erased that as stock pressures mount. Down now to 101.32
I believe we are going to find ourselves driven by what happens in stocks and bonds this afternoon so take care. Any currency moves may not make sense in the grand scheme of things. If you’ve had a good week you may want to head for the sidelines. If you’re in trades make sure you’ve got your stops in place.
I may be over egging the pudding but it’s better to be wary than complacent.
