Economic Goings On
- UK’s Darling says UK to be over the worst of it in 6 months
- GM Preparing for possible bankruptcy filing by 1 June
- UK’s FSA to investigate RBS and HBOS
- The only economic info to be released tonight is the Canadian BOC Business Outlook Survey at 14:30 GMT
Forex Market Goings On
- As you can imagine it as been a pretty quiet session this morning in Europe with the USD regaining a little of the lost ground so far today while the JPY crosses have paused for a breather after looking stronger for the majority of the day.
- The 133.80 level is pretty important as far as the EUR/JPY goes.
- Morning Ranges: EURUSD 1.3170/1.3217, GBPUSD 1.4663/1.4746, USDJPY 100.40/100.74, AUDUSD 0.7220/0.7250, AUDJPY 72.63/73.01, EURJPY 132.60/133.08.
- I have included charts of the majors and the Euro crosses to give you an idea of the price action so far.
- As far as equity markets go today, with most of the regions out for an Easter Long weekend the Nikkei had the distinction of being the only Asian index to close in the red today, finishing down around 0.5% on fears that Japan will be a little slower to recover than some of its neighbours.