Market Brief
Atleast in regards to currencies, the G7 meeting in Rome was uneventful. The accompanying statement's section on currencies commended China for its fiscal measures and continued commitment for a more flexible exchange rate. Its interesting to note that no mention of the Gbp or Jpy was included.
Japanese GDP data released today as absolutely abysmal. GDP fell by - 3.3% q/q in Q4. The lowest Japanese reading since 1972 and weakest G10 in the current crisis.
On friday the US Congress finally passed the $787bn stimulus package dispite steep opposition from the Republicans. President Obama is expected to sign the bill Tuesday.
The US market will be closed today due to a public holiday.
| Global Indexes | Current Level | % Change |
| Nikkei 225 Index | 7.750.17 | - 0.37 |
| Hang Seng Index | 13,455.88 | - 0.72 |
| Shanghai Index | 2,389.39 | + 2.95 |
| FTSE 100 Index | 4,179.81 | - 0.23 |
| CAC 40 Index | 2,985.35 | - 0.41 |
| SMI Index | 5,099.24 | - 0.53 |
| DJIA futures | 7,760.00 | - 0.24 |
| World Markets | Current Level | % Change |
| Gold | 942.98 | + 0.13 |
| Silver | 13.64 | - 0.35 |
| VIX | 42.93 | + 4.07 |
| Crude wti | 38.22 | + 1.89 |
| USD Index | 86.64 | + 0.69 |
| Todays Calender | Estimates | Previous | Country / GMT |
| Trade balance, NOKbn | -- | 26.9 | NOK / 9.00 |
| Tertiary Industry Index, m/m, % Dec | -1.6 | -0.9 | JPY / 23.50 |
Currency Tech
AUDUSD
R 3: 0.6849
R 2: 0.6798
R 1: 0.6643
CURRENT: 0.6490
S 1: 0.6432
S 2: 0.6354
S 3: 0.6249
EURJPY
R 3: 122.17
R 2: 120.01
R 1: 118.80
CURRENT: 117.26
S 1: 116.54
S 2: 114.90
S 3: 114.22
USDSGD
R 3: 1.5339
R 2: 1.5258
R 1: 1.5178
CURRENT: 1.5146
S 1: 1.5036
S 2: 1.4935
S 3: 1.4908
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
