Eurozone Construction Output

Published on September 19, 2011 by The Agent · No Comments

Worldwide Currencies information to look out for

Eurozone Construction Output figures are expected to rise by a minimum of 1.4 percent today when this is announced.

In the 27-nation EU, production in construction sector is also expected to rise by a minimum of 0.3 percent in July compared with the previous month.
NAHB Housing Market Index for September will be published today at 3.00 pm
ECB member Weidmann testifies on the Eurozone debt crisis in front of EU parliament
German Chancellor Merkel speaks at 12.30pm and 2.00pm.

ELSEWHERE

IMF and EU have given Greece a list of 15 “non-negotiable” austerity measures to be achieved as a pre-requisite for the next instalment of bailout funds. This follows revelations by the Greek Finance Minister that their economy is expected to shrink by 5.5% this year.

Eurozone Finance Minister meeting over the weekend ends with little positive information to report, US Treasury Secretary Tim Geithner urges EU leaders to take control of take control of rising debt.

USDCHF opened trading at 0.8815, about 60 pips up from Friday’s close price.

EURUSD opening the Asian session at 1.3680 this morning.

Markets are still thinking an official Greek default is on the cards, some think it could be as early as tomorrow.

German Chancellor faces more political problems as her party struggles for support.

IN THE UK

GPBUSD started low this morning at 1.5683 following some uncertain volatility on Friday.

GBPEUR benefitted from the Euros weak performance and reached 1.1438 from 1.1376.

Rightmove house price survey released over night shows house prices rose 0.7% for the last month

Current Spot Rates (9.00am)
	USD	EUR	AUD	CAD	CHF	DKK	NOK	HKD	SEK	ZAR	JPY
GBP	1.5740	1.1506	1.5457	1.5457	1.3875	8.5674	8.8941	12.2680	10.57	11.89	120.98
USD		1.3671	0.9820	0.9820	0.8815	5.4430	5.6506	7.79	6.71	7.55	76.857
EUR	0.7310		1.3434	1.3434	1.2059	7.4460	7.7300	10.66	9.18	10.33	105.141

Key Support and Resistance Levels
	Support			Resistance
GBPUSD	1.5591	1.5660	1.5730	1.5869	1.5938	1.6008
GBPEUR	1.1206	1.1289	1.1335	1.1464	1.1547	1.1593
EURUSD	1.3504	1.3603	1.3739	1.3974	1.4073	1.4209