EU investor confidence index on 05.02.2018
- Prior 32.9
So far we’ve had good, mostly beats on the PMI’s out of the Eurozone this morning. France missed high expectations only by a hair. I still don’t like to sell Euro’s , small long EURGBP and looking to buy EURUSD dips to 1.2400/20.
USD is giving back a good part of its Friday and Asia trading session gains. That tells us the market is rather focused on Equity market valuations than US yields. Risk being fragile
once the USD move done is another jauge. I’m expecting this wobbly market to continue for a bit. Remain a USDJPY rally seller as long as 110.40/50 caps.