Now that’s not something we say everyday. The EUR wants to go down but the Sovereign players are holding it up. It may hold up the first time but all such moves eventually fail. GBP also should be going lower but the market is already short and unable to generate enough momentum at the moment for a fresh downmove. AUD grinds higher and the JPY grinds sideways. That leaves those wild Swiss party animals and their mad gyrating currency to generate some volatility in the FX market. Sock drawer I think.
Good luck today.
