Tuesday 27th October 2009
Nikkei -1.5%, HSI -1.5%, KOSPI -.5%
GBPUSD Range: 1.6287 - 1.6351
Usual suspect blamed for the rally in GBP/USD Asian sovereign names reportedly the buyers off the lows.
EURUSD Range: 1.4850 - 1.4905
Euro trades well off the lows given the extent of the sell off from the previous session market maybe caught a little short looking for stop losses below 1.4870
AUDUSD Range: .9155 - .9197
Little short squeeze late on with the rise in EUR/USD s/t resistance at .9230 Business confidence to highest level since early 2002
USDJPY Range: 92.02 - 92.31
Very quiet session s/t trading stops below 92.00. Japanese finance minister says economy is improving but BOJ looks at the economy in its own way.