Dec 21st, 2015: Dollar Steady After Friday Reversal

• Markets are quiet this morning, with the dollar holding steady following a Friday reversal. The USD/ JPY is following suit.

• The Aussie dollar has gapped lower overnight, but the NZD/ USD is continuing to out-perform.

• The euro has a positive bias after a positive post Fed session on Friday.

Coming up today: 

• We’ve an extremely quiet day ahead, with German PPI at 19.00 and UK CBI sales the main highlights.

Trade Idea: 

• The euro continues to out-perform the pound, as UK interest rate increase push later into 2016, possibly 2017.

• A good way to play this is a HIGHER trade predicting that the EUR/ GBP will close above 0.7350 in 35 days time for a potential return of 169%.

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