16th May - Hollande/Merkel finally met but it was all about Greece again today

Risk lifted all round on increased EU worries in an action packed day.

 

Greek woes once again pushed markets lower today as Greek talks failed to come up with any consensus and a new election will now be held. EU Bond Yields blew out again and Equities declined. EU CPI today.

CURRENCIES
EUR/USD: 1.2730				Outlook
Res	1.2800	1.2850	1.2900	The Euro initially survived the late NY Moody’s downgrade of the ….to read on please go to the website and register/login
Sup	1.2670	1.2625	1.2565
USD/JPY: 80.20				Outlook
Res	80.35	80.55	80.80	Usd/Jpy has moved a little higher in line with ….to read on please go to the website and register/login
Sup	80.00	79.65	79.40
GBP/USD: 1.5995				Outlook
Res	1.6050	1.6100	1.6150	Sterling has had a volatile but ultimately tough session today….to read on please go to the website and register/login
Sup	1.5980	1.5930	1.5895
USD/CHF: 0.9440				Outlook
Res	0.9470	0.9500	0.9550	Usd/Chf travelled further than I would have expected….to read on please go to the website and register/login
Sup	0.9400	0.9345	0.9300
AUD/USD: 0.9938				Outlook
Res	0.9945	1.0000	1.0020	The Aud was very kind yesterday, first trading down ….to read on please go to the website and register/login
Sup	0.9900	0.9875	0.9845
NZD/USD: 0.7690				Outlook
Res	0.7725	0.7750	0.7810	The Kiwi followed the Aud around yesterday and ….to read on please go to the website and register/login
Sup	0.7625	0.7600	0.7570