Let's get back to action!!

I’m still trying to get a gist of what’s going on with the market, so still unsure whether I will enter any new positions, but lets see how the day follows through!.

On the Japanese frontier, we do see a policy decision being headed today. The Nikkei this morning reported that Ozawa is willing to consider an extra budget to finance a stimulus package if he gets elected. Today’s support is at 83.60 and then 81.80. Today’s resistance is at 85.20 and then 86.40.

On the Euro frontier, it seems this morning there’s been news that some of Germany’s biggest lenders may need about EUR 105blns in capital because of new regulation. Today’s support is at 1.2770 and then 1.2630. Today’s resistances are at 1.2940 and then 1.3180.

Not much news out this morning on the sterling front. Today’s support is at 1.5320 and then 1.5120. Today’s resistances are at 1.5480 and then 1.5600.

This afternoon is the RBA rate decision, where the RBA is expected to keep the rate on hold at 4.5%. Today’s support is at 0.9060 and then 0.8960. Today’s resistances is at 0.9180 and then 0.9220.

Data today

RBA cash rate decision - 4.30am GMT

BOJ rate decision

Germany factory orders – 10am GMT