The Traderszone Network

General USD demand has seen the pair turn lower from 1.1080 to test support/bids around 1.1050
200-HMA tech support at 1.1044 with 100- DMA at 1.1046 and we can expect some demand down here with bids at 1.1050 still intact from yesterday

Global banks are facing billions of pounds-worth of civil claims in London and Asia over the rigging of currency markets.

China’s CS1300 Index is now down over 2%  in afternoon trading and the Shanghai Comp Index-3.3%  overall giving the Nikkei another push lower

With talk of currency wars aided by the Chinese government gathering steam, it’s difficult to know which ancient Chinese philosopher to turn to.

Greetings one and all
Awful news about the bomb in Bangkok and our sympathies go out to all who have suffered
Data wise today the highlight is the latest UK inflation
reading out at 08.30 GMT and I’ll be posting a few thoughts on that in due course

Here’s what’s on the board today
– USDJPY 124.25 (USD 299m)
– EURUSD 1.1050 (369m) 1.1100 (260m) 1.1200 (304m)
– GBPUSD 1.5850 (GBP 237m)
–

USDCHF
More on how to use this info

Steve Wilford, Asia Pacific Director for Global Risk Analysis at Control Risks Singapore, says Monday’s explosion indicates that political risks remain high after 2014’s military coup, which have resulted in intermittent security risks.