FOREX News and Overnight Technical Levels- June 25th

[B]Market At A Glance[/B]

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[B]Asia - JPY/CNY[/B]

  • Japanese Cabinet Secretary Shiozaki stated that world monetary authorities are cooperating, working towards financial stability. Alluding to potential currency market intervention, Shiozaki declined to comment on currency levels.
  • Singapore consumer price index for May rises 0.3 percent in the month over month assessment. Advances by 1 percent in the yearly, much higher than expected.
  • Comments emerged from Governor Zhou during the weekend. Notes concern surrounding current levels of inflation, will not rule out raising interest rates again.
    [B]Europe - EUR/GBP[/B]
  • British pound advances to test $2.0000 figure on speculation that MPC Governor King will note further rate hikes to Parliament.
  • German July GfK consumer confidence survey rises higher than expected - prints 8.4.