Not the most exciting morning in the world, the EURUSD and GBPUSD headed lower early on in London before finding support at 1.2875/80 and 1.4700 respectively. USDJPY also retested minor support at 0.9080/90 before spending the remainder of the morning grinding its way back towards 92.00.
Barclay’s Net profit falls only 1%
Ranges This Morning:
EURUSD 1.2875 – 1.2962, GBPUSD 1.4705 – 1.4913, USDJPY 90.88 – 91.75, EURGBP 0.8684 – 0.8780, EURCHF1.4990 – 1.5070, EURJPY 117.10 – 118.80, AUDUSD 0.6625 – 0.6740. For a table showing the current support and resistance levels please click here.
Data Releases: For a table of the data released so far today and the remaining data to be released please see the attached table.
Notable Comments:
RBA Board Member McKibbin commented in relation to the Australian Stimulus package.
UK PM Gordon Brown commenting on the need to recapitalise the banking system as well as boosting IMF and World Bank Fund.
Iceland’s PM not happy at central bank cheif’s refusal to resign.
Russia’s Putin says Russia needs its own debt ratings agencies who are better equipped to study the Russian market.
