• USD demand prevails as risk-on sentiment returns

    Yesterday's ECB meeting gave false hope to Euro bulls and risk-on sentiment provided by proposed Trump/Kim talks has helped to support the US Dollar overall.

    GBPUSD has been down to test 1.3780 support while EURGBP still remains underpinned above 0.8900 (GBPEUR capped at 1.1235). GBPJPY action also still in play. Overall though the Pound has been side-winding.

    EURUSD had a rally to 1.2450 on slightly more hawkish ECB tones but then deflated in the Draghi press conference and fell to 1.2295. Large option contracts in play today should contain range. USDJPY has recovered to 106.95 but since fallen again to 106.55 with some Japanese companies still repatriating Yen for year-end accounting. Option-related sellers at 107.00 notable now.

    USDCHF seems to have had another helping hand from the SNB to weaken the Franc and has been up further to 0.9535 from 0.9430 with EURCHF underpinned at 1.1680 but finding rally sellers.

    Aussie $ and NZ$ have found a few sellers again but the Canadian $ still finding buyers after latest BOC comments.

    Fickle trading times still so get your orders in to take full advantage.

    Tomorrow sees the mighty Shrimpers take on Doncaster and needing to make amends for last week's more than lack-lustre show.

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

    Interbank Rates 08.45GMT

    GBPUSD 1.3816

    EURUSD 1.2313

    EURGBP 0.8912

    GBPEUR 1.1218

    USDJPY 106.73

    USDCAD 1.2870

    USDCHF 0.9503

    GBPAUD 1.7700

    GBPCAD 1.7976

    GBPCHF 1.3124

    GBPZAR 16.4347

    GBPHKD 10.7108

    EURHKD 9.5479

    GBPSGD 1.8204

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