The US$ is generally soft again on Friday against the EU majors and the Jpy but firm against the Aud$ and the Kiwi, with the Aud finishing the week at new 2018 lows.
The generally choppy conditions seem set to continue for the coming session although if the Euro breaks 1.1480, we could see an acceleration higher. The Aud$ does look very heavy but I would be surprised to see it much below 0.7000 heading into the NY.
The metals are benefitting from the softer dollar and assisted higher by some safe haven demand and both Gold and Silver seem set for further gains.
Stocks have had a wild ride, and after having fallen by around 2% during the session those losses have since been erased for the US indices to actually finish in positive territory, with the S+P +0.8% and the DJI +1.1%. The short-term charts look good for further gains next week although the longer-term charts still suggest caution is warranted on the topside.
Although these views may play out, and the trend table will be produced during open market sessions, there will be no trade recommendations until Wed 2 January.