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Fundamental Archives |
Written by FX Solutions |
Dec 31 10 04:02 GMT
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All Quiet on the Asian Front
As Asia winds down for 2010 the FX markets are very quiet indeed. Trading is done books are closed and whether 2010 was good or bad traders are now looking ahead to Monday when a new year beckons they have a clean slate, new ideas and maybe new strategies.
Spreads are starting to widen as liquidity starts to dry up.
Currently €/$ trades at 1.3304/09, $/¥ at 81.50/54, £/$ at 1.5442/47, $/CHF at 0.9351/56, A$/$ at 1.0170/75, NZ$/$ at 0.7715/20 and $/C$ at 0.9991/96
South Korean Inflation quickens in December
December CPI 3.5 % y/y from 3.3 % y/y in November
December Core CPI 2.0 % y/y from 1.8 % y/y in November
The pace of inflation accelerated in December prompting speculation of interest rate hike sooner rather than later in 2011.
Core CPI accelerated at the quickest pace in almost a year. |
About the AuthorFX Solutions
IMPORTANT NOTICE: These comments are for information purposes only. Past results are not necessarily indicative of future results. Trading Futures, Options on Futures, and Foreign Exchange involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. The information contained on this email does not constitute a solicitation to buy or sell by FX Solutions,LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law.
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance lines in yellow; 200-period simple moving average in light blue.) |
