A mixed session for the dollar, as......>

EURO-DOLLAR: A mixed session for the dollar, as the pair broke through the solid

demand at $1.1575 (Oct 27 low) in early European trade, with the rate eventually

printing session lows of $1.1554. The NY session has seen the pair being pulled

around by US Tsys yields, stocks and gold bouncing between $1.1560-90.

- OPTIONS MARKET: According to Saxo bank "the upside protection on the forex

market is relatively more expensive. Comparatively negative values indicate puts

are more expensive than calls" 

- MNI PINCH: Currently market sentiment of a FED December 13th rate hike of

0.25BP is at 91.5%.  

- RISKS: The dollar has had a solid run the last 2 weeks, dropping from $1.1837

to $1.1554. The move has mainly been led by Trumps proposed tax plan being

approved by the house. However this is the first step in a long and uncertain

road for the President tax plan to be implemented. Which brings into question if

this recent dollar rally is real and sustainable.