USD: The stars are aligned
There are plenty of levels still acting as magnets in an array of financial markets.
Plenty has already been written about EUR/USD over 1.5000 and oil above $100 a barrel. Coming up, it looks like a test of 100.00 by USD/JPY is too close not to happen, while the CHF is hovering above parity against the dollar, a level it has never traded at. Similarly, AUD/USD is pushing up to 1.0000, while gold looks like it wants to test the $1,000.00 an ounce barrier.
As the facilities manager at Euromoney – who parsimoniously confiscated our staff-bought coffee machine last week because it was not an approved appliance – might ask: “Where will it all end?”