Abshire-Smith - Analytics


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    US and UK traders return after long weekend

    Traders in the UK and US returned to their desks on Tuesday, following a three day weekend, due to public holidays on Monday.

    The US Dollar has surged from the levels of last week, with EURUSD trading to a 1.08 handle, and GBPUSD to 1.53, with USDJPY trading over 123 for the first time since the summer of 2007.

    Strong US data, is fuelling the long US dollar, with commodities on the back foot:

    WTI Oil: $59.06/barrel

    Spot Gold: $1189/oz

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