The Euro is trading at 1.2375 at the moment.  The low has been 1.2361 while the high has been 1.2399.  The range of trading today has been narrow up to this point due to the limited amount of economic data released out of the Euro-zone.  However, there was the release of some data out of France earlier this morning.  The French Final Non-Farm Payrolls recorded -0.3% which was worse than expected.  In addition, the French Industrial Production number registered a disappointing -0.8%.  This number was lower than expected.  With these data points being the only significant releases out of the region, the Euro has maintained levels inside of the current range today.

The British Pound is trading at 1.5652 at present.  The low in Cable has been 1.5646 while the high has been 1.5704.  The UK Trade Balance was released today and registered a deficit of 9.6 billion Pounds.  This deficit is wider than expected and has helped see the Pound sell off slowly since the announcement.  The Pound seems range bound with support seen at 1.5600 and short-term resistance at 1.5710.  With little UK data to be released until this coming Friday, the Pound will probably continue to trade through the range to test these barriers.

The Japanese Yen is trading at 119.24 at this writing.  The USD/JPY low has been 118.68 while the high has been 119.92.  The USD/JPY has softened a bit more today especially during the Asian session.  By the middle of the session, the trading range had largely been established for the day.  The Japanese BSI Manufacturing Index registered 8.1 which was lower than expected while the Japanese PPI number met expectations of 2.7%.    These numbers were followed by the release of the lower than expected Japanese Consumer Confidence number which registered 37.7.  These weak numbers out of the region did probably assist in halting the correction that has been dominating the USD/JPY landscape for the past 2 days since hitting a high of 121.85.  After hitting the low today, USD/JPY has steadily firmed and continues to do so as I write.  We will be watching to see if any more forecasted data releases help to confirm the current USD/JPY consolidation.

AUD/USD is trading at 0.8326 with the low being 0.8264 and the high being 0.8338.

USD/CAD is trading at 1.1463 with the low being 1.1435 and the high being 1.1469.


This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.