Market Brief
The Usd was stronger in the Asian session, as news from Russian regional banks weighed on risk sentiment. The EurUsd traded from 1.3026 to 1.2810, while the UsdJpy jumped around the 91.70 to 91.00 levels. The early buzz surrounded Russia's regional banks and their request to postpone a repayment on up to $400bn of its private sector debt to European banks. The rumor was downplayed by the senior Kremlin aide, Arkady Dvorkovich, "there have been no proposals coming to the government about the debt restructuring. The information that such talks are taking place is not true". However, the head of the regional banks association Aksakov stated that a corporate debt restructuring plan was only an "idea" and not a formal plan. On a side note, this weekends G7 meeting in Rome will focus on how to avoid protectionism and discuss actions to support global financial system, according to a senior MoF official. The highlight of today will be Treasury Secretary Geithner announcement at 16:00 GMT where he will layout the details of the US financial recue plan.
| Global Indexes | Current Level | % Change |
| Nikkei 225 Index | 7,945.94 | - 0.29 |
| Hang Seng Index | 13,880.64 | + 0.81 |
| Shanghai Index | 2^,265.16 | + 1.81 |
| FTSE 100 Index | 4,237.63 | - 1.62 |
| DAX Index | 4,580.65 | - 1.84 |
| SMI Index | 5,123.49 | - 0.67 |
| DJIA futures | 8,135.00 | - 1.01 |
| World Markets | Current Level | % Change |
| Gold | 892.85 | - 0.91 |
| Silver | 12.81 | - 0.27 |
| VIX | 43.64 | + 0.62 |
| Crude wti | 39.54 | - 0.51 |
| USD Index | 85.39 | + 0.70 |
| Todays Calender | Estimates | Previous | Country / GMT |
| Sweden: Industrial production, % m/m Dec | -1.0,-10.7 | -2.2,-10.9 | SZ / 8.30 |
| Norway: CPI, % m/m Jan | -0.6,1.9Y | -0.2,2.1Y | NO / 9.00 |
| Norway: PPI, % m/m Jan | -- | -5.1,6.0Y | NO / 9.00 |
| Trade balance, £ bn Dec | -£8.1bn | -£8.3bn | UK / 9.30 |
Currency Tech
AUDUSD
R 3: 0.7028
R 2: 0.6879
R 1: 0.6850
CURRENT: 0.6645
S 1: 0.6629
S 2: 0.6476
S 3: 0.6355
EURJPY
R 3: 122.17
R 2: 121.57
R 1: 120.01
CURRENT: 117.44
S 1: 115.71
S 2: 114.22
S 3: 113.15
USDSGD
R 3: 1.5112
R 2: 1.5065
R 1: 1.5017
CURRENT: 1.5000
S 1: 1.4904
S 2: 1.4809
S 3: 1.4793
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
