EUR/USD has pulled back from the 1.4277 levels as US equities shed big chunkcs of their early gains. Just crossing the wires is another threath from CIT to file for bankruptcy in an SEC filing.

Oil has pulled back as well as stocks and other elements of the reflation trade.

AUD/USD approached the 0.8200 level but was turned back. Sean highlighted offers tbetween 0.8185 and 0.8200 overnight.