EURUSD opened in Asia session at 1.3730 after outperforming across the board due to hawkish comments from the ECB"s Bin Smaghi, sluggish US data and heavy EUR/JPY buying in response to the S&P down grade of Japan. EUR/USD was traded in early Asia at 1.3744 at one stage before EUR/JPY selling flows capped and sent it lower. Soon after S&P news, sellers of USD/JPY and EUR/JPY took these pairs down from 82.93 to 82.57 and 113.90 to 113.31. EUR/GBP opened at 0.8619 and has traded 0.8616/37 but is little changed and last at 0.8623.
As for today we expect news on CHF at 10:30 GMT for KOF Economic Barometer, after we expect GBP news for Advanced GBP q/q at 13:30 GMT with a positive forecast of 3.5%.
Equities in US closed slightly positive, showing Dow on 4 points up, at 11,990, by 0.04%, following Nasdaq 2,755 by 0.58% and S&P 500 closing to 1,300 by 0.22%. We saw FTSE 100 closing negatively at 5,965 with -0.07% decrease. In Asia, Nikkei was down by -118 points to 10,360 by -1.13%, Hang Seng was down by 96 points to 23.684 by -0.40% and Shanghai is up to 2,884 by 0.20%.
Sources: Various