The ForexLive ship was essentially adrift for Boxing Day but gladly it stayed on course. As the session winds down, AUD is the top gainer with USD as the laggard but the AUD/USD gain on the day was just 18 pips.

With Australia closed again today, flows will continue to dominate. Economic data starts in about 8 hours at 0400 GMT with Japanese vehicle production followed an hour later by housing starts and construction orders.

Sean is out today and tomorrow. I’ll take a look at some of the news and some predictions for 2012 in what I expect will be a quiet one. What are your best ideas for 2012?