A session with such promise snuffed out too soon, by a rogue bond auction and a well-received deficit proposal…ah, what could have been…
Instead we get a bit of a head-scratcher. We broke important support in EUR/USD at the 1.3735/1.3700 area but were unable to sustain the break. We will close back above that level in all likelihood.
In USD/JPY we have a similar situation. We broke above a six-moth old downtrend at 82.45 today, rallying to 82.80 before slumping back to 82.10 before steadying. At least we look likely to close above 82.00 tonight.
Tomorrow should see relatively thin markets with some markets closed in observance of Veterans/Armistice/Remberance Day .