The Traderszone Network

It’s been a good 24 hours for GBPUSD.
Yesterday I reported with cable being a large beneficiary and now the dovish tones of Aunty Janet have helped push the pair through decent offers at 1.4400.

Central banks are loathe to admit it, but they’ve run out of ammunition to fight the war against deflation, writes Matthew Lynn.
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Here’s what the DTCC have listed for today 30 March.
– USDJPY 111.64 (USD 1.02bln) 112.40-50 (470m) 113.00 (758m) 113.50 (660m)
– EURUSD 1.1050 (EUR 674m) 1.1090-1.1100 ( EUR 438m) 1.1210-20 (1.32bln) 1.1250 (772m) 1.1300 (229m) 1.1500 (466m)
Note large AUDJPY contracts rolling of at 84.35 tomorrow. Total AUD 1.07bln.

Here’s your daily thread for trading ideas and discussion 30 March
Yellen obviously surprised a few people but it wasn’t that much of shock given the global fragility. Is it really enough to keep selling USD?

European equities getting a lift from dovish Yellen
– DAX futures +0.7%
– CAC40 +0.6%
– FTSE + 0.9%
Meanwhile over in China the SCI is currently +2.16% as we head into the final hour