Euro up 16 pips, nothin' else doin'
If there's a theme in Asia-Pacific trading, you could say it's a touch of US dollar weakness. After the massive moves higher in the US dollar on Thursday it doesn't even qualify as a retracement.
I'm afraid that could be a taste of what's to come for the rest of 2015. The thing I'm most thankful for this year is that it's been a rock and roll year thanks to the ECB, the SNB, the BOC and the Fed.
When central banks are active, the market is much more lively and I don't think anyone enjoys trading a market like the one we've had over the past six hours.
Here is what we think is coming in 2016: