Positive mood as we open.
EUR taking out yesterday high 1.3430 (stops being triggered the only buyers so far)
Couple of +ve press articles to highlight.
FT – EU talks on doubling financial firewall
http://www.ft.com/cms/s/0/839e6eac-202e-11e1-9878-00144feabdc0.html#axzz1fpVxWjhX
ESM talk is getting positive feedback from commentators this am
WSJ – Spain weighing a fast, Costly cleanup of banks
Again, getting positive feedback from market.
AUD GDP firm onite.
HSBC write up.
http://www.easyforexnews.net/wp-content/uploads/2011/12/315786.pdf
Despite this firm data …we have been better sellers of AUD for macro into the rally.
HSBC Global Research