Thursday, October 28, 2010

keep a watch on the Euro today!


Doller yen couldn’t quite break through the 82.00 level with Japanese exporters seen capping upside. BOJ meeting suggests that the monetary policy will likely remain unchanged.

Euro broke through 1.3770 support all the way down to 1.3734 before recovering. Eurogroup Juncker says Europe is a “victim” of global FX policies.

Aussie fell to a low of 0.9651 following weaker than expected q3 Australia CPI.

Data Today:
UK nationwide house prices – 6am GMT
German Unemployment rate – 7.45am GMT
Eurozone consumer confidence – 9am GMT
Eurozone economic confidence – 9am GMT
Eurozone industrial confidence – 9am GMT
Eurozone services confidence – 9am GMT
US initial jobless claims – 12.30pm GMT

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