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Asian markets had a mixed session with limited gains on the looming US economic data that has strong prospects to show new weakness. The exception was Taiwan’s Taiex who rose over 1%. BoJ Gov Shirakawa said that supply constraints from the earthquake are easing faster than expected; Economy will be

Asian markets had a mixed session with limited gains on the looming US economic data that has strong prospects to show new weakness. The exception was Taiwan’s Taiex who rose over 1%. BoJ Gov Shirakawa said that supply constraints from the earthquake are easing faster than expected; Economy will be

After yesterday’s dynamic moves, Asia had a much more laid back session today with the Aussie dollar pulling most of the weight while the Euro rose to three week highs. The EUR/USD pushed over 1.4435 today as the goals of added austerity measures as well as a second rescue package

After yesterday’s dynamic moves, Asia had a much more laid back session today with the Aussie dollar pulling most of the weight while the Euro rose to three week highs. The EUR/USD pushed over 1.4435 today as the goals of added austerity measures as well as a second rescue package

US data continues to come out on the weak side of expectations, but it is hard to know to what extent the data has been affected by supply chain issues related to the Japanese earthquake. The weakness of consumer confidence yesterday is probably more a reaction to higher gasoline prices,

EUR/USD: Euro is currently trading positive at 1.4420 levels. The euro rallied, it is trading above 1.44 levels on positive sentiment that more bailout funds for Greece would be available and default would be avoided. Yesterday German Retail Sales m/m data and CPI Estimate y/y data were weaker than expected

The upside risk I had suspected proved correct reaching just above the 117.60 area. The move back to 116.73 may well be enough and should force a retest of yesterday’s high but be wary of a correction from there not by too much I think but once complete

The EUR/USD fell 40 pips back below the 1.4400 handle, but has since recovered slightly.