Market Brief

The Usd was mixed in the Asian session, as deleveraging continued. A lack of economic data had markets just following previous trading trend. The EurUsd initially traded lower to 1.2478, before rally back above the 1.26 handle. The UsdJpy was once again range bound, jumping from 97.30 to 98.78. Asian regional indexes are currently mixed and Europe is trading higher. A regular data release have grounded to a halt, as markets are focusing on the upcoming G20 meeting, as well as the question surrounding the auto sector bailout in the US .

The main event will be the publication of the November Inflation Report at 10:30 GMT puitting the focus on the Gbp. The statement released with last-week's unexpected 150bp rate cut highlighted that the MPC was projecting an undershoot of the 2% CPI inflation target, based on the prevailing market rate expectations. However with the domestic economy collapsing the members focus is clearly on saving the economy and worrying about prices later.

Snap Shot

Global indexes Current level % Change
Nikkei 225 Index8,695.51-1.29
Hang Seng Index13,939.09-0.71
Shanghai Index3,927.30-0.81
FTSE 100 Index4,307.651.43
DAX Index4,844.981.75
SMI Index5,917.210.61
DJIA futures8,656.000.22

World markets Current level % Change
Gold735.050.45
Silver9.790.39
VIX61.442.43
Crude wti58.48-1.43
USD Index86.92-0.18

Todays calender Estimates Previous Country / GMT
Unemployment Rate (Oct)3.00%2.90%UK / 8.30
Industrial Production (Sep)-1.8%,-1.21.1%,-0.7EZ / 8.30
BoE Inflation Report (Nov)----UK / 9.30
ECB’s Stark & Trichet on Productivity in Fin. Sect----EZ / 15.00


Currency Tech

AUDUSD
R 3: 0.7065
R 2: 0.7015
R 1: 0.6758
CURRENT
S 1: 0.6544
S 2: 0.6339
S 3: 0.6009

EURJPY
R 3: 128.44
R 2: 125.48
R 1:; 123.11
CURRENT
S 1: 121.23
S 2: 120.00
S 3: 115.00

USDSGD
R 3: 1.5304
R 2: 1.5161
R 1: 1.5103
CURRENT
S 1: 1.4875
S 2: 1.4772
S 3: 1.4647

  • S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot