The EUR/USD opened the Asian session around 1.3996 after making a healthy rally during the US session. The EUR/USD was trading up to today's high 1.4007 before falling to 1.3970 on news Moody's downgraded Portugal bonds, but the news wasn't a much surprise and the EUR/USD moved back to 1.3960. USD/JPY and the JPY crosses saw tentative moves to the upside early in the session on the back of what is being seen as a PKO-induced rally in the Nikkei. Cable opened in Asia on its highs at 1.6086 and traded sideways in a 1.6065/80 range.
9:30 GMT time The U.K. is to publish official data on claimant count change, the first indication of the employment situation. The country is also to publish government data on average earnings and the country's unemployment rate.
12:30 GMT time The U.S. is to publish a flurry of government data , with reports on building permits, an excellent gauge of future construction activity forecasted at 0.58M slightly better than previous data's, as well as data on producer price inflation and housing starts with the forecast of 0.58M slightly better than last figures. 14:30 GMT time crude oil stockpiles forecasted at 1.8M.
A partly negative day for Equities in US, we see Dow at 11,855 by -1.15%, Nasdaq dawn to 2,667 by -1.25%, S&P 500 also dawn to 1,282 by -1.12%. In Europe we saw FTSE 100 negative 5.695 by -80 points. Better figures in Asia, Nikkei was up at 9.094 by 5.68%%, Hang Seng dawn by -19 points at 22.659 and Shanghai trading positive at 3.067 by 74%.
Sources: Various