More of the same as NA desks get fully into their stride 27 Feb
We've had Powell's testimony, more a reaffirmation than anything particularly hawkish, rubbish US durable good data , increased trade deficit and softer house price data and yet USD demand prevails.
GBPUSD posting 1.3892 session/day's lows as too is EURUSD at 1.2275 as USDCHF tests higher at the 0.9400-05 offers/res and USDJPY holds above 107.00 but still being capped by those option expiries between 107.25-35. AUDUSD finally giving up its option-related clinging to 0.7840 to post 0.7825. USDCAD pinned down around 1.2725.
The sell interest above 107.00 helped by Japanese year-end JPY repatriation still in turn creating some yen demand again that has seen those pairs in retreat and helping to cap rallies in core pairs. GBPJPY down to 148.85 EURJPY 131.45 and so on.
Same old same old really. Range trading behind all the noise. Just choose your entry levels well and don't get greedy.
See you all back here tomorrow.
Oh, and remember,
