This morning the Euro is showing strength currently up at around the 1.4912 level. This morning Sterling is showing strength currently up from its open of 1.6312 and is now at the 1.6371 mark. There is very little in the way of UK economic data today. The JPY/USD pair is showing weakness currently down at the 92.00 level. The BOJ has come under increasing pressure from government officials, who fear that a quick end to the central bank’s emergency steps to support corporate funding would hurt an economy just emerging from its deepest recession in 60 years.
Due for release today is the AUD NAB Business Confidence, CHF UBS Consumption Indicator, GBP U.K. CBI Distributive Trades, USD S&P/Case-Shiller Composite-20 and USD Consumer Confidence, JPY Large Retailers’ Sales, JPY Retail Trade s.a. and JPY Retail Trade.
By Ultimate Forex Profits
