Key Technical Levels The 38.2% Fibo extension of the 1.1723-1.0203 decline is
providing solid resistance and an ideal target level for high frequency
traders. Short-term trend line support (1/19, 2/3 lows) has limited downside
risks. The USD/CAD has started to settle into a 125 pip
Fundamental Headlines • Menendez Prodded Fed to Aid Lender – Wall Street
Journal • Coca-Cola Results Boosted by Asia Sales – Wall Street Journal • Greek
rescue hopes help bourses regain their poise - Financial Times • Euro, Oil,
Copper Gain on Greece Aid Speculation; U.S.
Talking Points • Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of
Schedule • US Dollar: Wholesale Inventories, IBD/TIPP
Economic Optimism on Tap British Pound Gives
Top Stories Euro rallies on hopes for EU summit on Thursday Asian equities
slightly lower but Europe up on summit hopes Oil at $72.40/bbl Gold holds
steady at $1068/oz. Overnight Eco JPY Prelim Machine Tool Orders up 192% EUR
German Final CPI -0.6% as expected EUR
* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) -
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of
Key Overnight Developments • UK Retail Sales Growth Worst in 15 Years in
January, Says BRC • RICS Survey Hints UK House Prices May Decline as Supply
Swells • Euro Rebounds Against US Dollar on Greece Bailout Speculation Critical
Levels The Euro and the British
Fed Bullard has also come out on a separate matter that could help to bolster
the USD after saying that the discount rate could go up in the near future as
the Fed prepares its exit from liquidity programs. Nobel Prize economist
Stiglitz is generating some attention on the Greek crisis after
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Trading the News: Australia Employment Change What’s Expected Time of
release: 02/11/2010 00:30 GMT, 19:30 EST
Primary Pair Impact : AUD/USD Expected:
15.0K Previous: 35.2K
Impact the Australia Employment Change has had on AUDUSD
All eyes are on equities today with the market itching to see if Friday's
aggressive rebound in U.S. equities will last. Based upon the initial sell-off
in stocks at the open, investors are not necessarily convinced that smaller job
losses will be enough to keep the recovery going. After such a
Key Technical Levels The 38.2% Fibo extension of the 1.1723-1.0203 decline is
providing solid resistance and an ideal target level for high frequency
traders. Short-term trend line support (1/19, 2/3 lows) has limited downside
risks. The USD/CAD has started to settle into a 125 pip
