Risk is brisk on Monday morning as traders try and jump on a speeding freight train. Chinese export data over the weekend helped light the fuse while prospects for a sustained low-interest rate environment in the US after Friday’s employment report added powder to keg.
EUR/USD is lagging this morning amid central bank selling. AUD is a principle beneficiary, it should surprise no one.
1.4580/85 is an entry zone for many. Recent range highs were located there as well as the trend-channel that helped contain the consolidation of recent weeks.