The Traderszone Network

Currently 1.0937 after the early weakness to 1.0927. Good demand still into 1.0900
Offers:
1.0960 1.0980 1.1000 1.1020-25 1.1050 1.1075-80 1.1100
Bids: 

Currently 1.5431 enjoying support from EURGBP selling. UK services PMI at 09.30 GMT should have impact so caution advised.
Offers:
1.5450 1.5465 1.5480-85 1.5500-10 (stops above) 1.5530 1.5550
Bids:

As widely expected
– unanimous vote to hold rate 7-0
– govt stimulus to support recovery
– inflation seen positive in Q1 2016
– higher risks from global economy

Yes folks it’s that time of day again for you all to share your trading ideas and thoughts
Euro to remain on the back foot? USD still the best buy?
Fancy UK services PMI to give the pound a boost or a slap?

The euro’s current status as a funding currency is having its negative impact as equity markets head higher still
EURUSD is on session lows at 1.0938 which in turn has seen EURGBP now break down through 0.7100 to post 0.7090 which in turn is lending support to cable around 1.5420

As expected with Chinese markets leading the way
– DAX futures +0.2%
– CAC40 +0.3%
– FTSE +0.5%
Bund futures up 1 at 156.61
Shanghai Comp Index closes up 4.3%, CS1300 Index +4.7%. Best day for 7 weeks