This is just a thought and my opinion only - it may possibly happen that come tonight and Monday in the US, much of the speculation on the USD falling could be quickly closed off, leading to a mini washout.
For example - before the US went on hols, the GBP/USD cross has moved from over 1.67 to under 1.64. The Euro has fallen 2 cents against the US, the AUD had stops activated this morning plunging down to under 90.
With the low volume up moves in equities etc, it might just be me, but don't think many dip buyers will be coming out in this volatility over the next couple of days.
Anyone share similar thoughts?
Thommo
This is just a thought and my opinion only - it may possibly...
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