JP Morgan’s Dimon says unraveling the Euro is a terrible thing
* Greek default won’t take down the western world; no direct effect to U.S. banks
* Europe situation not comparable to Lehman Bros.
UK CBI Realized Sales weaker than expected -22 vs -2
Gbp/Usd continues to trade either side of 1.5700.
EU’s Reding says Euro is strongest currency in the world
Eur/usd trades at 1.3115.
Schaeuble doesn’t expect bank rescue fund to be used
Eur/Usd currently trades at 1.3115.
German GFK Consumer Climate
German GFK Consumer Climate came in at 5.9, stronger than the 5.6 expected and prior reading of 5.7.
Eur/Usd initially traded higher, to 1.3130 on news and has since retreated to pre number level of 1.3115.
USDSGD Approaching 200day
The USDSGD pair has broken down the last few weeks and is approaching the 200day moving average where perhaps the pair and the USD can find some support against the risk out there (also at the 76.4%.)
AUDJPY Hits Trendline
The AUDJPY play we have been looking at is at trendline resistance, a break higher could create a long-term trading opportunity.
South Korean GDP
South Korean 4th quarter GDP came in slightly softer than expected, however the KRW received a bid against the USD, moving the USDKRW pair from 1129 to 1122.
- GDP (QoQ) – Survey:0.5% Actual:0.4% Prior:0.8%
- GDP (YoY) – Survey:3.5% Actual:3.4% Prior:3.5%



