- Apple’s after hours results gave hope for a risk-on session; hope of early tests for AUD and crosses fizzled early
- The latest BoJ minutes released feature the usual concerns about the impact of European Sovereign debt woes and also what will happen to the Japanese economy in H2 when stimulus spending is withdrawn
- BOJ Deputy Governor Yamaguchi across the wires (Reuters)…seeking ways to boost potential growth
- Indonesian growth points stock market to record high
- FDIC chief warns over capital standards
Narrow ranges again in the Asian session; the market very cautious after yesterday whippy market which left more than a few traders wondering whither next….no leads from the bourse today with the Nikkei down 0.4%, the Hang Seng and Kospi up 0.4%, Shangai flat and the All Ords up 0.2%
EUR/USD has traded in a 32 point range currently 1.2889 EUR/JPY 112.27 ( 112.11/85) EUR/CHF 1.3562 ( 1.3550/80)
USD/JPY looked to play on the firm side in a 87.06/52 range but currently trades 87.08 ; USD/CHF 1.0500/35 – Sean’s tip (per his Guru ) to buy on dips down to 1.02 target 1.12+
CABLE range 1.5258/97 now at 1.5272; we expect the downside may be limited in expectation of large european buyer with ‘unfinished business’ come the euro session
AUD/USD now 0.8816 seems bid below 8810 for the moment
GOLD 1189.70 and OIL (Light Crude September) 77.50
I still think we are heading for the last shake out on the topside to ‘sort it all out’ or get that top in place Sean referred to earlier in EUR
