Wednesday 14 April 2021
Having summoned up the FX gods both here and on Twitter yesterday by saying we're still in tight ranges they have duly responded and while the moves aren't earth shattering we have at least some new numbers to look at with a few key levels back in play.
USD selling notable in late NY and Asia but we're seeing some correction as Europe gets underway. Equities and crypto continue their bullish/extended tones
GBPUSD: Now up through 1.3750-60 and testing 1.3800 where more sellers lurk.EURGBP: 0.8700 proving a step too far again as EURUSD rally caps but holding 0.8670 so far as we continue to range overall.GBPJPY: Found support at 149.60 from the 150.50 retreat but firmer again now on the core pair dip demand/better risk tones.
I remain a GBP rally seller across the pairs but still not getting over greedy with expectation on the retreats. Nice when it happens though.
EURUSD: Underpinned now at 1.1920 having finally broken up through the level yesterday amid the general USD supply but once again sellers poised and some options in play today too. USDJPY:Fallen further to test 108.80 after failing at 109.60 as USD zelling prevails.EURJPY: Still finding 130.50 tough to break after finding a base at 129.80-00 again.USDCHF: Support coming in at 0.9180 now as EURUSD rlly stalls and EURCHF holds 1.0980 again with the SNB ever watchful and ready to help.EURCHF: 1.0980 still holding helped by the SNB shadow.
AUDUSD: Enjoying the rally with 0.7660 now becoming support having broken and testing 0.7700 where we have some option interest today now in play. USDCAD: Held 1.2530 this time after falling from 1.2620 amid the softer USD/firmer oil tones. CADJPY demand notable too.
Let's continue to be careful out there in all things. Staying safe must be our main priority still.
Interbank rates: 08.38 BST
GBPUSD 1.3790
EURUSD 1.1959
EURGBP 0.8672
GBPEUR 1.1529
GBPAUD 1.7954
GBPCAD 1.7308
GBPJPY 150.35
GBPZAR 20.0395
GBPHKD 10.6991
USDJPY 109.03
USDZAR 14.5220
EURJPY 130.39
EURCHF 1.1006
EURHKD 9.2818
AUDUSD 0.7680
USDCAD 1.2552
USDCHF 0.9202
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