Upbeat Chinese PMI, on-going Asian central bank intervention and reserve diversification plus a asset managers putting fresh cash to work early in the new month has the market in risk-taking mode.
Equities are firm, commodities, as measured by the CRB, is at its highest levels since early January, and Gold is back near record highs. Currencies are trash, assets are king, in this environment.
EUR/USD is in consolidation mode after reaching fresh trend highs at 1.3764. 1.3715/20 is first support on dips with more down at 1.3685.
Thank you to Peter for another great effort in relief Gerry.