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Daily Currency Report

7

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GBPUSD Range: 1.6340 – 1.6402

Wed, Oct 28 2009, 13:15 GMT
by John Clarke

ODL Securities


Nikkei -1.4%, HSI -1.66%, KOSPI -2.3%, ASX200 -1.44%

GBPUSD Range: 1.6340 – 1.6402

Follows the AUD and EUR with fairly light trading EURGBP slightly better bid

EURUSD Range: 1.4789 – 1.4828

Not much focus on the EUR again we trade well off the lows with Axsian sovereign names providing support

AUDUSD Range: .9072 - .9208

AUD the main focus today with all eyes on the CPI number, consensus +.7/+ .8 comes in at +1% the rally short lived as prospect of rate hike dimishes and sold aggressively as the market caught very long.

USDJPY Range: 91.10 – 91.72

Cross Yen selling and stop losses weigh heavy on USD/JPY with AUD/JPY the most heavily sold after the CPI number

*Note all time are GMT.


ODL Securities Limited  | The Northern & Shell Building 10 Lower Thames Street London EC3R 6AD
http://www.odls.com/ | info@odlsecurities.com

Legal disclaimer and risk disclosure

Derivatives are volatile instruments and in certain circumstances it is possible to lose more than your initial investment. Derivatives are not always suitable for everyone and you should consult your financial adviser before dealing.

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