• US Dollar generally softer as 2018 draws to a close

    Equity markets and oil prices have seen some level of recovery but as we say goodbye to 2018 risk sentiment still remains wobbly and the jury undecided on future US$ direction.

    GBPUSD has broken back up through 1.2680-00 to post 1.2747 before sellers prevailed agaim.I remain GBP bearish overall and happy to jump on rallies then buy back in the dips.EURGBP has fallen back to 0.8974 (GBPEUR up to 1.1145) with the month-end Euro demand now seemingly done given the holiday period still continuing.

    EURUSD has held some of its recent gains on the general USD supply but failing above 1.1450 atm while USDJPY continues to fall on the general US$ supply to test the larger 110.00 support lines with Yen demand still notable.

    USDCHF also remains undermined but still finding some degree of support from EURCHF dip demand this time below 1.1250 with the SNB seemingly ever-watchful. AUDUSD has gathered a little poise on the US$ supply and slightly better commodity price/risk sentiment but remains fragile.USDCAD remains underpinned but fallen back a little helped by the oil price bounce from its recent lows.

    Fickle Forex markets ever prevailing so be ready with your entry/exit levels and don't get greedy.Remember liquidity is thin at the moment and moves can be volatile.

    The mighty Shrimpers of Southend United failed to come back from Coventry with any points in a disappointing display albeit with a late flourish but they get the chance to redeem themselves back at the hallowed Hall tomorrow.

    Next update will be on Wednesday so I'll wish you Happy New Year greetings and hope that 2019 brings you good things. Thank-you for your business in 2018 and I look forward to being of continuing assistance.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank Rate 08.48 GMT

    GBPUSD 1.2734

    EURUSD 1.1440

    EURGBP 0.8980

    GBPEUR 1.1135

    GBPAUD 1.8030

    GBPCAD 1.7337

    USDJPY 110.11

    EURJPY 125.97

    AUDUSD 0.7070

    EURCHF 1.1274

    USDCAD 1.3613

    USDCHF 0.9855

    GBPHKD 9.8734

    EURHKD 8.8667


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