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- Bahrain All Share Index closes lower
- Stocks in retreat as traders reconsider tech investment
- NBK showcases expertise and industry insights at Kuwait Oil & Gas Show 2026
- Indonesian economic growth tops 5% on consumption boost
- Bezos-led Washington Post announces 'painful' job cuts
- Bitcoin under $70,000 for first time since Trump's election
- Oman's tax revenues exceed OMR 1.3 billion
- QSE extends losses to second day as M-cap melts QR1.67bn
- Dubai announces official operations of driverless taxi service
- $500m Arab Energy Fund sukuk listed on Nasdaq Dubai
30/05/2012 23:36 AST
EUR/USD is currently at 1.2465, off from another fresh 2012 lows at 1.2456 and lowest since July 2010, amid a new round in risk-off sentiment sending local share markets to the red again, Nikkei down -0.73%, and gold flirting with fresh weekly lows below $1550. Worse than expected Aussie retail sales figures pressed risk sellers to print new session lows in a downward session that started around 1.2487 highs.
London session ahead shows a soft EUR macro data related agenda, with only EZ M3 money supply at 08:00 GMT along with EU private loans at same time and EU retail PMI 10 minutes later, for then after NY open ECB chairman Draghi due to give a speech at Brussels. Headlines coming from new developings from Spain will probably bring volatility to markets, as well as Italy sovereign bond auctions looking for more than ?6B in 5 and 10 year maturities. Spain 10y yields sit now around the 6.45% and Italy's at 5.90%.
For the immediate term, support to the downside for EUR/USD sits at recent session and 2012 lows 1.2456, followed by June 17/28 2010 highs at 1.2414/1.2398 and June 1st 2010 lows 1.2354. For the upside, closest resistance shows at Friday's lows 1.2490, followed by yesterday's Asian session lows at 1.2508 and Monday's lows 1.2525.
NASDAQ
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
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