• Nervous markets still as we wait on US jobs data

    Risk sentiment remains wobbly amid claims that it was a Iranian missile that shot down the Boeing 737 last week tragically killing all 170 people on board. US-China trade deal uncertainty emerging again also in the mix along with the on-going Middle East tensions but today's data focus will be on the December US jobs report at 13.30 GMT with median NFP expectations at 160k.

    GBPUSD has seen some good two-way business again as per my tweets and falling further to 1.3015 having finally chewed through the decent 1.3050-60 support/bids after Carney said the BOE would not hesitate to provide stimulus if weakness continues. EURGBP has been tightly bound as GBPUSD fell but EURUSD with on the back foot too and now below 1.1100. GBPJPY has seen good two-way business too amid variable risk appetite and the GBP wobble but helped by USDJPY breaking up through 109.50.

    I stay poised to sell GBP rallies and buy back in the dips as ever but still see some good two-way business as we continue in these tight ranges.

    EURUSD has fallen further amid the general USD demand to break the 1.1100 support line but has around 900m option expiry interest there today in play through the NFP release. USDJPY looks underpinned still but equally finding sell interest amid the variable risk sentiment.EURJPY has also been tightly bound amid the USDJPY demand/variable risk. USDCHF has dip buyers above 0.9700 still but sellers also poised again.SNB being ever vigilant.

    AUDUSD has seen a decent rally (all relative these days) to test 0.6885 on better Retail Sales data but those offers holding so far. USDCAD has failed above 1.3100 and retreated to test 1.3050 as oil prices steady again after the spike lower.

    Fickle Forex markets ever prevailing so be ready with your entry/exit levels and orders as always.

    Sad times at my beloved Southend United FC with report of players and staff not getting paid and possibility of strike action. All this as we plan to pay tribute at the hallowed Hall tomorrow to former captain Chris Barker who tragically took his own life recently aged just 39. Puts everything in perspective huh?

    Have a good day/week-end out there one and all.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank rates: 08.33 GMT

    GBPUSD 1.3051

    EURUSD 1.1097

    EURGBP 0.8503

    GBPEUR 1.1760

    GBPAUD 1.8994

    GBPCAD 1.7061

    GBPJPY 142.98

    GBPZAR 18.6325

    GBPHKD 10.1184

    USDJPY 109.57

    USDZAR 14.2573

    EURJPY 121.57

    EURCHF 1.0811

    EURHKD 8.6041

    AUDUSD 0.6871

    USDCAD 1.3074

    USDCHF 0.9745

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