Talking Points • Japanese Yen: Losing Ground Following
Yesterday’s Sharp Rally • Pound: U.K. PPI Tops Forecast
• Euro: German Industrial Outputs Tumble Lower in December
• US Dollar: Non-Farm Payrolls, Consumer Credit on Tap U.S.
Dollar Extends
Top Stories UK PPI much hotter at 2.0% Asia and Europe sharply lower in wake
triple digit losses in Dow (Dow breaks 10,000 in overnight trade) Oil below
$73/bbl Gold near weeks lows at $1050/oz Overnight Eco AUD AIG Construction
Index 57.7 vs. 49.3 JPY
Key Overnight Developments • US Dollar Soars on Risk Aversion as Asian Stocks
Decline • RBA Says Interest Rates to Rise to 4.5% by End of 2010 • Euro Spikes
Higher Against Swiss Franc, SNB Action Hinted Critical Levels Euro tested below
1.3670 against the Dollar
FOREX MARKET HIT BY CRISIS OF CONFIDENCE EUR/USD: HITS 8 MONTH LOWS GBP/USD:
RISK IS TO THE UPSIDE FOR BOE USD/CAD: EMPLOYMENT NUMBERS COULD DISAPPOINT
AUD/USD: CONSUMERS CUT BACK HOLIDAY SHOPPING NZD/USD: SHARP DECLINE
LEGAL counsel for options trader David Waterhouse is considering making a
request to the Victorian Supreme Court to have its battle with Merrill Lynch
reopened, after new evidence emerged from the collapse of margin lender Lift
Capital . A Sydney court has been told that Merrill
U.S. DOLLAR: TURNING TO LEADING INDICATORS FOR NFP EUR/USD: STRONGER ECONOMIC
DATA BRINGS REPRIEVE GBP/USD: TRADERS STILL WEARY OF BUYING GBP USD/CAD:
FLAHERTY SAYS ECONOMISTS RAISE GDP FORECASTS AUD/USD: RBA SURPRISES THE MARKET
BY LEAVING RATES
Top Stories UK PPI much hotter at 2.0% Asia and Europe sharply lower in wake
triple digit losses in Dow (Dow breaks 10,000 in overnight trade) Oil below
$73/bbl Gold near weeks lows at $1050/oz Overnight Eco AUD AIG Construction
Index 57.7 vs. 49.3 JPY
