The Traderszone Network

The Nikkei 225 traded lower today putting USDJPY on the back foot but finding buyers in the dip
– close 18,777.04
– -170.08
– open 18961.16
– high 18964.99
USDJPY has found demand/support around 120.50 and has been trading steadily around 120.65 even as the Nikkei had its final dip

Indonesia’s president cut short his maiden U.S. trip, standing up Apple’s CEO, amid increasing political pressure over raging forest fires.

Former US Fed chairman spoke to the BBC last night
– western politicians expected too much of central banks over the past few years
In an interview with the BBC’s Robert Peston he says that the administrations of the US, UK
and Eurozone over-did austerity, with the consequence that the Fed, Bank
of England and European Central Bank were forced to engage in extreme
monetary stimulus – cuts in interest rates to almost zero and massive
money creation through quantitative easing

Here’s what the DTCC have listed at the moment
– USDJPY 120.00 (USD 374m) 120.20-25 (330m) 120.60-65 (400m)
– EURUSD 1.1000 (EUR 363m)
– GBPUSD 1.5400 (GBP 175m)
For more on how to use this info click  

Greetings one and all
I trust your week has got off to a solid start
Data wise today we have the first UK Q3 GDP reading at 09.30 GMT as the morning’s highlight  and I’ll be posting a preview shortly

If approved by Congress, the broad pact would allow House Speaker John Boehner (R., Ohio) to resolve two of the thorniest fiscal hurdles before he resigns later this week.
read more

Investors grew jittery awaiting the outcome of a five-year economic planning meeting in China.
read more