Wednesday, December 22, 2010

Europe rating rumors brings down the Euro


The Euro weakened again following rumors of a possible down grade on Portugal’s and Greece’s rating.

USDJPY lead another quiet session as the currency traded in a range of 83.50/83.90.

Again today, we have very little data, so we may again see a fairly quiet market.

I’ve not really gotten any trading done; I’m already feeling the holiday mode.

Data Today
Italian December Consumer Confidence – 9am GMT
UK GDP – 9.30am GMT
US GDP – 1.30pm GMT
US November existing home sales – 3pm GMT


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