The technical problems seem to be righting themselves and hopefully it stays that way. Here are the highlights so far this morning:
- EUR/USD triggers stops below 1.4050 after German Chancellor Merkel suffers heavy losses in regional elections
- AUD/USD opens the week above the previous 1.0250 high as option players scramble for cover
- USD/JPY threatens the top end of its recent holding range and dealers suspect that the BOJ have been buying in more covert operations
- Cable falls to 1.6000 after nasty riots in London over the weekend; Sovereign bids reported 1.5970/1.6000 but heavy stops also rumoured below 1.5950
Good luck this week