Halister News

(Bloomberg) -- Euro adopts a defensive posture going into ECB meeting today as resistance builds above 1.1400. A dovish message from the European central bank may also trigger USD/JPY to break above 110.00. Kiwi slipping as some analysts call for RBNZ to lower rates below 2.00%.

• Soros says China’s debt-fueled economy resembles U.S. in 2007-08
• EUR/USD -0.04% to 1.1292 vs 1.1287/1.1306 range
  • Capped above 1.1300, partly on cross selling versus aussie ahead of ECB, says trader
  • ECB is expected to hold policy today while reinforcing dovish stance; see preview here
• AUD/USD +0.18% to 0.7808 vs 0.7786/0.7817 range
  • China’s iron-ore futures surging helps to lift AUD/USD
  • AUD/NZD option-related sellers seen near very large 1.1200 strike, says trader
• NZD/USD -0.14% to 0.6969 vs 0.6956/0.6982 range
  • JPMorgan predicts RBNZ will cut rate to 2% next week; Capital Economics sees 1.75% in 3Q
  • N.Z. permanent immigration fell to nine-month low in March
• BBDXY steady at 1,174.30
• USD/JPY -0.04% to 109.80 vs 109.57/109.90 range
  • USD/JPY above 110 layered with buy-stop loss orders: trader
  • EUR/JPY corporate sell orders near 124.30: trader
  • 1-week volatility rises ahead of BOJ meeting
• GBP/USD +0.03% to 1.4337 vs 1.4321/1.4346 range
  • Obama will urge Britons on Friday to keep their country in the European Union
• Treasury 10-year yield steady at 1.849%
• Brent crude futures +0.2%, copper +0.1%, gold +0.3%