Tuesday 4 July 09:30

The Australian central Bank dissapointed Aussie bulls this morning by holding the interest rate. But I don't think it's created a short AUD opportunity because the terminal rate has remained the same.

Japanese intervention talk is getting louder and with a quiet data agenda in Europe and the US celebrating Independence Day, baring an out of the blue catalyst, it may well be prudent to wait until tomorrow before forming a conviction in the direction of the currencies.