Euro looking very fragile, dragging risk assets down with it.
Greece continues to hold most of the cards with regards to market direction in the coming week with Spanish banks, EU credit ratings and Franco/German political differences not helping the plight of the Euro . It is a heavy data week with the German/EU GDP, US CPI/Retail Sales and FOMC providing highlights. G8 next w/e. China cut the RRR 50 bp, on Saturday, making for a potentially lively Monday.
|
CURRENCIES |
|
EUR/USD: 1.2905 |
Outlook |
|
Res |
1.2960 |
1.2995 |
1.3050 |
The Euro ended Friday on a weak note, retreating against…to read on, please scroll down… |
|
Sup |
1.2900 |
1.2870 |
1.2825 |
|
USD/JPY: 79.92 |
Outlook |
|
Res |
80.00 |
80.25 |
80.50 |
Usd/Jpy is doing very little right now, struggling to get…to read on, please scroll down… |
|
Sup |
79.60 |
79.40 |
79.20 |
|
GBP/USD: 1.6066 |
Outlook |
|
Res |
1.6100 |
1.6160 |
1.6200 |
Sterling remained soft on Friday, breaking through….to read on, please scroll down… |
|
Sup |
1.6050 |
1.6020 |
1.6000 |
|
USD/CHF: 0.9298 |
Outlook |
|
Res |
0.9300 |
0.9340 |
0.9385 |
US$/Chf is unchanged from Fridays outlook, having ….to read on, please scroll down… |
|
Sup |
0.9260 |
0.9220 |
0.9200 |
|
AUD/USD: 1.0020 |
Outlook |
|
Res |
1.0050 |
1.0800 |
1.0100 |
The Aud remains on shaky ground, closing on its ….to read on, please scroll down… |
|
Sup |
1.0000 |
0.9945 |
0.9875 |
|
NZD/USD: 0.7835 |
Outlook |
|
Res |
0.7840 |
0.7865 |
0.7900 |
The Kiwi is hanging on precariously above the ….to read on, please scroll down… |
|
Sup |
0.7790 |
0.7725 |
0.7700 |
