AceTrader: Market Moving News

Gbp/usd - 1.5961...There has been little reaction so far to MPC member Blanchflower's comments that the world should not assume the worst of the global economic crisis is over. Cable retreated fm fresh '09 high at 1.6087 in NY y'day in part due to risk aversion with the Dow falling 173 points. Offers seen in the region of 1.6010-1.6030 while bids fm Middle East names are tipped at 1.5910/20...


Eur/usd - 1.3844...Euro has recovered after testing o/n low at 1.3823 with some traders seen squaring short positions after y'day's selloff. In addition, Japan stock markets have recouped early losses n DJI futures are now slightly higher, relieving some of the downside pressure on the single currency. Bids are noted at 1.3820 n 1.3790/00 (for profit taking purposes) while offers are likely to emerge at 1.3860/70 n 1.3900...

Usd/jpy - 95.87...Dlr has risen this morning in part due to fixing-related demand n also on technical buying (st specs successfully triggered stops at 95.50/55). A mixture of offers n stops at 96.00/10 is in focus with more stops noted at 96.25/30. On the downside, fresh bids are lined up in the region of 95.00-95.20 with stops likely to emerge below 95.00. Although the Nikkei-225 opened lower, the index rebounded to end the morning session only 7 points lower...