Japan November Machine Tool Orders (YoY) improves to 15.4% vs 8.4%

Session recap: Euro / Pound winners in Asian session; Yen / USD remain pressured

This Asian session has brought more of the same trends that have been in existence in the very recent past – good strength in the euro and British pound and persistent weakness in the safe harbor currencies of the yen and US Dollar.
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GBP/USD breaking out above 1.6442 recent high as traders abandon the greenback

The GBP/USD is ripping higher as every living soul seems to be jumping off of the greenback’s ship right now – with the idea of asking questions later. What could possibly be driving this action?
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