10th May - Greek politics still the main game.

by - - 10 May 2012

Greece and Spain concerns continue to worry markets, driving US$, Jpy higher, equities lower.

 

Greek political and Spanish economic troubles kept a lid on the Euro today as it fell for the 8th straight day. Elsewhere, main events today will be Australian Unemployment, Chinese Trade Data and UK Rate decision.

CURRENCIES
EUR/USD: 1.2930 Outlook
Res 1.2995 1.3050 1.3080 Markets remain under severe pressure today as Greek and Spain continue to  ….
Sup 1.2900 1.2868 1.2825
USD/JPY: 79.63 Outlook
Res 79.85 80.00 80.30 The Jpy was in favour today as funds sought a  …
Sup 79.40 79.25 79.00
GBP/USD: 1.6130 Outlook
Res 1.6160 1.6200 1.6220 Cable has recovered well from an early dip towards  ….
Sup 1.6060 1.6000 1.5980
USD/CHF: 0.9288 Outlook
Res 0.9300 0.9335 0.9385 Usd/Chf is squeezing higher and the dailies look as though..  
Sup 0.9260 0.9200 0.9165
AUD/USD: 1.0040 Outlook
Res 1.0080 1.0105 1.0125 The short term bounce that I expected yesterday never …
Sup 1.0000 0.9950 0.9875
NZD/USD: 0.7840 Outlook
Res 0.7880 0.7910 0.7970 The Kiwi is suffering a similar plight to the Aud and has …
Sup 0.7790 0.7765 0.7700

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