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Feb 12, 2012 08:19PM GMT
     
 
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FX Levels for Today

By   |  Fundamental Reports  |  Jan 06, 2009 12:00AM GMT
 
 

Overview

The Forex market has begun to return to some form of normality following the holidays. The EUR copped it overnight as speculation swept the market about the ECB cutting rates sooner rather than later. Elsewhere, the Yen crosses continued to show signs of recovery, and has me thinking that they may have put in a low back in Dec, but lets wait and see for further confirmation before throwing any money around.

Overall, the pullback in the likes of the EUR and AUD wont be too deep, but will give us an opportunity to add to previous longs, setting us up for the Obama rally in Jan/Feb, as stocks rally and the markets again look to buy risk.

The AUD has failed to break above 0.7200, and looks as though the New Year's  Eve rally maybe running out of steam. Makes sense though - the RBA is still looking to cut rates in Feb/March, and the economic slowdown hasnt fully hit Down Under just yet.

Data for Today

US: ISM

US: Pending Home Sales

US: FOMC Minutes

Trades for Today

AUD: Sell moves towards 0.7160-80

JPY: Buy a break above 94.10

Gold: To be capped around 860 for a little while

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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 US 3012801.23-89.23-0.69%  
 DAX6692.96-95.84-1.41%  
 UK 1005852.39-43.08-0.73%  
 Japan 2258947.17-55.07-0.61%  
 US Dollar Index79.11+0.42+0.54%  
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 Gold1723.95-17.25-0.99%  
 Silver33.575-0.342-1.01%  
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 US Coffee C218.60+0.00+0.00%  
 
 EUR/USD1.3198-0.0089-0.67%  
 GBP/USD1.5756-0.0061-0.39%  
 USD/JPY77.61-0.05-0.07%  
 USD/CHF0.9165+0.0047+0.52%  
 AUD/USD1.0673-0.0113-1.05%  
 USD/CAD1.0013+0.0067+0.68%  
 EUR/CHF1.2093-0.0020-0.17%  
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 Euro Bund138.66+1.41+1.03%  
 Italian Govt. B.102.45-1.63-1.57%  
 Euro BOBL125.23+0.71+0.57%  
 UK Gilt115.78+1.13+0.99%  
 US 2 YR T-Note110.26-0.02-0.02%  
 US 10 YR T-Note131.21+0.36+0.28%  
 US 30 YR T-Bond142.43+0.79+0.56%  

Recent Activity

Central Banks Rates
  Central Banks Interest Rates Next Meeting  
 
  FED0.00%-0.250%03/13/12 
  ECB1.000%03/08/12 
  BOE0.500%03/08/12 
  SNB0.000%03/15/12 
  RBA4.250%03/06/12 
  BOC1.000%03/08/12 
  RBNZ2.500%03/07/12 
  BOJ0.100%02/14/12 

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