Daily Trading Stance - Asia Jan 31 (Click link to view)


 EUR under pressure overnight as market still waits for Greek swap deal announcement. EU summit made progress on fiscal compact and budget conditions (25 out of 27 members signed – Britain and Czech Republic abstain). Italy bond auction weak
 AUD also softer as Fitch placed 4 major Australian banks on review for possible downgrade
 US data mixed – Dallas Fed activity v strong, personal income firmer but spending weaker
 Japan jobless rate a touch higher, industrial production firmer in December