Market Overview

ForexLive North American wrap: Crisis Averted

Monti: Financial crisis is over - SKYTG24
Monti: Economic crisis ongoing
All 12 districts see growth in Fed's Beige Book
US inflation at 1.7% compared to 1.8% exp
Australians cut back consumer spending, increase drinking
US industrial production up 0.3%, as expected
NAHB homebuilder sentiment 47 vs 48 exp
Flaherty cautions on Canadian economy
SIFMA roundtable downgrades US economic forecast
ECB's Asmussen: Tail risks have lessened–BBG
Militants capture at least 41 western hostages in Algeria after French Mali raids
Sea piracy falls to five year low
S&P 500 flat at 1472
JPY leads, GBP lags

Ho hum session for the euro as bids ahead of 1.3250 easily shielded EUR/USD early in the day. It climbed back over 1.3311 but remained within the European range. Traders report buy stops above 1.3330

USD/JPY climbed throughout US trading after hitting 87.80 early in Europe. The high so far is 88.68 but it has edged back to 88.40. Buy stops above 88.75/85 with offers in the 89.00/10 range. Bids at 87.75.

USD/CAD touched the highs of the week at 0.9877 then drifted back to 0.9850. Boring pair, bids at 0.9820, which feels like a million miles away.

AUD/USD quietly having an upbeat session. Slow one-way slog from 1.0536 to 1.0570 ahead of today's employment report.

EUR/CHF consolidating the recent gains. An attempt at 1.24 was snuffed out and the pair is back to 1.2372.

Cable broke 1.60 in Europe, bounced as high as 1.6015 and is now hanging around the big figure.

Gold $1680.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Markets Trading Ideas

 

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