- Japan PM Abe economic adviser Hamada: BOJ should buy more long-dated JGBs and risk assets. BOJ buying foreign bonds could be a policy option
- Dear Harry (Geithners’ letter to Harry Reid)
- ECB’s Coene: ‘Anglo Saxons’ still have doubts about euro’s future
- Spain’s Bankia shares hit hard
- UBS swiss consumption indicator 1.23 in November, down from 1.30 in October
- French December consumer confidence rises to 86 from 84 in November, stronger than Reuters’ median forecast of 84
- Italy December manufacturing business confidence rises to 88.9 from 88.5 in November, pretty much in line with Reuter’s median forecast of 88.8. Overall business morale however fell to 75.4 in December from 76.5 in November, the lowest read since January 2006
- UK mortgage approvals for home purchase 33,634 in November, weaker than median forecast of 34,500
Not too much change this morning.
EUR/USD up at 1.3268 from early 1.3230, the rally accelerating when buy stops tripped through 1.3255. We’ve been up to test 1.3274, which is the 76.4% fibbo retracement of recent 1.3309/1.3159 sell-0ff.
USD/JPY effectively unchanged at 85.75, pausing after it’s recent impressive run higher. Sell orders clustered 85.85/00 ahead of next lot of barrier option interest at 86.00.
Buy orders seen clustered 85.30/50, trailing sell stops through 85.20.
Cable up at 1.6175 from early 1.6135.
