04.01.2018 French Composite PMI Dec 59.6 vs 60 exp
Also out earlier today
- Italian Services PMI Dec : 55.4 vs a 54.7 exp,prior 54.7
- Spanish Services PMI Dec: 54.6 vs a 54.8 exp, 54.4 prior
- UK Nationwide House Prices s.a. Dec m/m: 0.6% vs 0.2 exp, prior 0.1%
- UK Nationwide House Prices n.s.a; y/y: 2.6% vs 2.0% exp, prior 2.5%
UK housing market doesn’t care much about Brexit uncertainties, as a result the GBP crosses are better bid this morning. As kinda expected the first week of Jan sees an up and down market.
I was short Cable , NZDUSD, long a few EURGBP and short NZDJPY. I covered them late last night as we didn’t get follow through below 1.35 and 0.7075 . I’ll trade ranges until we get a direction in this.