White House economic advisor Kudlow speaking on Fox TV 5 April
- expects barriers will come down on both sides as part of a deal
- any second US tax plan is not likely to be immediate
- expects to see something more concrete on phase 2 tax plans next year
- will keep an eye on USD
Nothing in here to move FX prices but we're seeing some general USD supply now following the pre-data demand. The "keep an eye on USD" comment is more gesture than policy.
GBPUSD has held 1.4000 where I warned of good demand/support so I hope some of you took heed. Now we need to see if the 1.4030 area holds. If not then a move higher into 1.4050. If it does hold then we can't rule out another test of 1.4000-10
USDJPY once again running into offers above 107.10 as option clock ticks down. EURUSD finding demand into 1.2230 where I also warned of decent support/demand.
My work here is nearly done. I hope some of you have listened and made a few pips.
