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GBP and EUR edge to session highs

CROSS ASSET
  • The Dollar leans in the red going into the European session, weighted by the recovery in Equities Yesterday and into the overnight session.
  • Estoxx futures (VGH4) gaped higher to print another new contract overnight, and although off its best level going into the Cash Govie open, the contract is still up 35 points.
  • In the US, Emini is just 6 points off its contract high, printed Yesterday at 4963.75.
  • Overall the USD is down across G10s over a 5 days period, and today, AUD is the best performer, up 0.37%, aided by the recovery in Risk.
  • The Greenback now test intraday low against the GBP, EUR, and resistance in Cable is seen towards 1.2775 High Jan 24.

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