- Big option play still corraling the EUR/USD. Buying interest from Middle Eastern player seen at 1.3870.
- USD/JPY: Sizeable stops above 97.35/40. Bids steady at 95.50/75.
- EUR/CHF: Official buying still seen on dips towards 1.50.
- AUD/USD: Strong bids at .7850 and solid offers at .8150.
I’m off for an early lunch and Sam will take over until Europe comes in. Choppy week but I’ve managed to make up for my EUR/JPY losses early in the week with some luck in the cable. The big picture hasn’t become any clearer really, but the main thing to watch over coming weeks will be the big option play in the EUR/USD. Looks like the Northern Hemisphere summer trading has started early and we are in for some volatile, choppy but ultimately range-bound trading ahead.
Thanks and see you bright and early on Monday morning.