The double dip scenario is being priced out of the markets, as is the odds of the Fed employing its nuclear option–another round of quantitative ease.
EUR/USD is getting a lift from the “risk-on”sentiment but expect traders to grow cautious above 1.2900, should we get there.
The BIS was a solid seller from the 1.2880 level on up this morning and was recently spotted buying back EUR/USD at 1.2840. Look for them the rinse and repeat…
