It's a new day and already we're seeing some volatility 4 May
I said earlier that markets were waiting on Europe for the first direction pointer and it hasn't taken long for the greenback to come under fire.
USDJPY 106.86 from 107.18, GBPUSD 1.4558 from 1.4523, EURUSD lagging a little but up to 1.1497 from 1.1485, AUDUSD 0.7513 from 0.7495.
These are early salvos though and likely to be USD-longs waking up and saying thank-you while taking some money off the table. We're already seeing USD demand again even as I type.
Remember, if in doubt stay out. These aren't markets for guess work. Pick your levels and don't go chasing.
