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  • Mike Paterson

Some risk appetite returns but dark days in Ukraine still.

Wednesday 9 March 2022

GBPUSD Found support at 1.3100-20 but rally tempered by continuing EURGBP demand amid the general EUR love. I remain a rally seller overall but keeping an eye on EURGBP and GBPJPY as always.EURGBP: Decent support now at 0.8320 amid the general EUR relief-rally but sellers will remain poised. ECB tomorrow in focus. GBPJPY: Bouncing from 151.80 this morning amid the better risk tone but jury remains out.

EURUSD: A decent rally and posting highs of 1.0970 from a fresh base of 1.0920. USDJPY: 115.50-60 now supporting amid the better risk sentiment but equally sellers remain poised into 116.00. EURJPY: Support now at 126.30-40 in

USDCHF: Holding 0.9275 in the latest retreat helped by/adding to the EURCHF rally with SNB shadow lurking down here as I've been warning but sellers poised 0.9300 still amid the fragile backdrop.EURCHF: Support now at 1.0130 and posting highs of 1.0185 as I type helped by general EUR demand and SNB support in the dips. Rally sellers poised still though..

AUDUSD: Options assisted support yesterday between 0.7250-65 per my update and now higher again at 0.7325 helped by the better risk AUDJPY and AUDCHF demand but tempered by EURAUD rally too. USDCAD: Capping at 1.2860-80 and now testing 1.28200 amid some CADJPY demand and the variable oil price and USD tones.I still think we'll see some two-way business amid all the uncertainty.Caution required though with so many variables.

Another great win for the mighty Shrimpers last night. Onwards n upwards !!!!

Let's continue to be careful out there in all things. Staying safe must be our main priority still.

Interbank rates: 09.10 GMT

GBPUSD 1.3144

EURUSD 1.0969

EURGBP 0.8345

GBPEUR 1.1980

GBPJPY 152.18

GBPCAD 1.6864

GBPCHF 1.2216

GBPZAR 19.9700

GBPHKD 10.2392

USDJPY 115.80

EURJPY 127.02

EURCHF 1.0177

EURHKD 8.5469

AUDUSD 0.7320

USDCAD 1.2830

USDCHF 0.9278

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