Stocks rallied for a second day on Tuesday as better-than-expected earnings and that helped a rebound on risk appetite overnight as mighty AUD lead the way. It feels like a double bottom forming around 0.8775 level in AUDUSD pre NFP with market keen to sell on rallies around 0.8880-0.8920 area. ( GS Sales sent out an AUDUSD recommendation saying look to sell more on rallies where 0.8870/80 region should provide an initial resistance while a break of 0.8735 could signify more forced liquidation by the long-term players). EURUSD bottomed around 1.3930 with semi official bids around vs. 1.3980 offers while it still feels like a rush back to 1.4050 area. USDJPY feels like buy on dips today despite US2Y yields failing to drift higher. For those who love to sell JPY, watch the dip around 90.15 today..  I will try to post on CAD, AUD, Oil and EURCHF today.

Good luck all