- Norway oil fund lost $15 bln on debt crisis – Bloomberg
- EU January nsa trade balance -7.6 bln compared to -16.1 bln year earlier
- ECB’s Liikanen signals nations shouldn’t expect further ECB action – Bloomberg
Yes “brutal” sums it up in one word. It’s been brutally boring, with absolutely nothing in the way of new news for the market to focus in on.
EUR/USD down at 1.3065 from early 1.3085, having been fleetingly as low as 1.3049. Talk of buy orders clustered 1.3000/20 ahead of 1.3000 barrier interest. Sell orders seen clustered 1.3100/20, stops above there.
USD/JPY up marginally at 83.70 from early 83.50. The pairing has been underpinned by buying of the AUD/JPY cross with buy stops tripped through 88.10. We’re presently at 88.22.
Cable up marginally at 1.5730 from early 1.5710, underpinned by selling of the EUR/GBP cross. The cross is down at .8305 from early .8305, major Swiss commercial bank notable seller this morning.
