• It's a cautious start to the new week

    A new week underway, and another month-end ahead, sees markets still in fragile mode with the jury out on the various Brexit outcomes being touted,the US government shutdown implications and ongoing US/China trade concerns. Today's Central Bank risk comes from potential news bombs from Draghi and Carney appearances at 14.00 ans 14.30 GMT respectively.

    GBPUSD remains underpinned amid a generally softer US Dollar and all the Brexit speculation (plenty of the usual huff n puff from all sides) and has now been up to 1.3218 before falling back to 1.3160 this morning.

    EURGBP has found a little dip demand again with the usual month-end EURGBP demand in play now until 31 Jan.

    The Pound bias still remains to the upside for the moment but I remain bearish overall while definitely respecting the current GBP demand.

    EURUSD has been finding dip buyers again since the post-ECB tumble and has now been back to test the offers/resistance between 1.1420-30 while USDJPY continues to be tightly bound and has now capped at 109.60 with some risk-off JPY demand notable amid equity and oil price wobbles again.USDCHF also remains tightly bound with the SNB ever-watchful but equally still finding rally sellers as CHF safe-haven buyers continue to lurk.Some EURCHF supply again too.

    AUDUSD has found some support on a softer USD/firmer Gold combo and we've been back up to look at 0.7200 while

    USDCAD has fallen back further to 1.3203 on the softer USD tones despite softer oil prices.

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

    The inconsistent Shrimpers duly failed against high-flying Luton on Saturday in a disappointing display but we have a chance to secure some points this Saturday at home again but this time to lowly Bristol Rovers. Fingers crossed for a win or else our season is effectively over if it's not already.

    I wish you a good day/week ahead.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank Rate 08.28 GMT

    GBPUSD 1.3164

    EURUSD 1.1397

    EURGBP 0.8658

    GBPEUR 1.1550

    GBPAUD 1.8312

    GBPCAD 1.7395

    GBPHKD 10.2068

    USDJPY 109.37

    EURJPY 124.67

    GBPJPY 143.98

    AUDUSD 0.7181

    EURCHF 1.1313

    USDCAD 1.3221

    USDCHF 0.9925

    EURHKD 8.8371

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