• Risk sentiment wobbly again

    Softer risk sentiment prevailing again in the ever-fickle world of Forex with Coronavirus concerns increasing further as I warned yesterday.

    GBPUSD has found some dip demand below 1.2950 but equally can't hold above 1.2980 so far in this session's rally with GBPJPY and GBPCHF supply returning. EURGBP has fallen again on the general EUR supply helping to underpin GBPUSD and now posted further recent lows of 0.8378 (GBPEUR up to 1.1936). GBPJPY remains range bound amid the variable risk sentiment with core pairs both enjoying 2-way business.

    I stay poised to sell GBP rallies and buy back in the dips as ever.Still ranging overall.

    EURUSD remains undermined still on the funding currency selling and soggy data to now post 1.0865 while USDJPY remains range bound, finding support at 109.70 but sellers still poised above 110.00. EURJPY softer again amid the soggy risk/EUR double whammy and falling to 119.34.USDCHF continues to find support but tempered yet again by the general EURCHF supply with the SNB seemingly not doing much to stop the decline for the moment but don't rule them out.

    AUDUSD duly failed at 0.6750 helped by AUDJPY supply and those option expiries yesterday and there's further interest at 0.6745-50 today and larger at 0.6710 which will help contain again.USDCAD held 1.3230 on its further retreat with demand helped by some CADJPY selling and softer oil prices but equally sellers poised since into 1.3270.

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

    Have a good day out there one and all.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank rates: 08.35 GMT

    GBPUSD 1.2969

    EURUSD 1.0887

    EURGBP 0.8392

    GBPEUR 1.1914

    GBPAUD 1.9257

    GBPCAD 1.7181

    GBPJPY 142.35

    GBPZAR 19.2812

    GBPHKD 10.0548

    USDJPY 109.77

    USDZAR 14.8723

    EURJPY 119.50

    EURCHF 1.0631

    EURHKD 8.4395

    AUDUSD 0.6734

    USDCAD 1.3248

    USDCHF 0.9765


official partner advert

Proud supporter of


Call us today: +44 (0) 1732 700 383

Email : info@mspfx.co.uk

Bringing You The Best Value Currency Deals

Raising the Standard in Foreign Currency Exchange & International Money Transfers

Office hours : Monday to Friday - 8am till 6pm

The MSP Update

Photo crop (passport)

Welcome to my blog

Daily market commentary from
Mike Paterson

The MSP Update is an essential tool for personal and business clients who want to be kept informed on a daily basis. If you would like to discuss your requirements then give us a call and talk to one our experienced team..

Call today +44 (0) 1732 700 383

Find out how much you could save today

Don’t let the banks or your existing foreign currency broker cash in with poor exchange rates and extortionate fees, Whether you are making a small or large, one-off or regular money transfer , MSP FX will offer the best rates for your individual foreign currency requirements and assist you in transacting at the most opportune moment possible given your timeframe. MSP Foreign Exchange Services offers complete security of funds by executing trades only through preferred FSA and HMRC regulated providers. For more information call us today and find out how MSP FX can help you.


You are viewing the text version of this site.

To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.

Need help? check the requirements page.

Get Flash Player