• Jury still out as Santa begins his rounds

    It's Xmas Eve and as the festivities increase so the markets continue to look fragile.US government shut-down and Trump throwing his toys out of the pram still adding to other global uncertainties and risk sentiment remains somewhat wobbly.

    GBPUSD held 1.2620-30 again on Friday but has since failed to get back above 1.2700 with little movement in Asia.European markets are traditionally quiet today and although liquidity is thin we don't expect much of note.

    EURGBP has retreated a little amid some general Euro supply while EURUSD also retreated but held 1.1350 and has now rallied on some general USD supply this morning to test 1.1400

    USDJPY rallied to test 111.50 on some better risk sentiment/holiday book squaring on Friday but since been back down to 110.93 and still down there as I type while USDCHF has also rallied but failed above 0.9950 and since been tightly bound but still supported by EURCHF demand again into 1.1280 with the SNB seemingly ever-watchful.

    AUDUSD fell further to 0.7030 and remains wobbly while USDCAD has continued its journey higher to test 1.3600 on softer oil and CADJPY selling still.

    Fickle Forex markets ever prevailing so get your holiday orders in.

    I'll be off tomorrow and 26th but will update again on Thursday. I wish you all a very Happy Xmas and in case you're away from today a peaceful and successful 2019.

    Have a good day one and all.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank Rate 08.15 GMT

    GBPUSD 1.2675

    EURUSD 1.1395

    EURGBP 0.8991

    GBPEUR 1.1120

    USDJPY 110.94

    EURJPY 126.40

    AUDUSD 0.7065

    EURCHF 1.1320

    USDCAD 1.3580

    USDCHF 0.9933

    GBPAUD 1.7933

    GBPCAD 1.7192

    GBPHKD 9.8192

    EURHKD 8.8302


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