Daily Market News 26 April 2011 Yesterday’s Market Movers There was no data in the UK or Europe due to the bank holiday. Also in the US we had new home sales which measures the housing conditions in the US which improved to 11.1% from a previous figure of -13.5%, this triggered more risk aversion for the US Dollar. Yesterday’s Market Movers There was no data in the UK or Europe due to the bank holiday. Also in the US we had new home sales which measures the housing conditions in the US which improved to 11.1% from a previous figure of -13.5%, this triggered more risk aversion for the US Dollar. Today’s Market Movers Today we have Consumer confidence which is expected slightly better at 64.5 from 63.4. If this comes in better we could see the Dollar strengthen further. FOMC meeting will be a main event this week. The focus will be on the first post-meeting press briefing as policymakers will very likely leave the Fed funds rate unchanged at 0.25% and the asset-buying program at $600B with expiry in June 2011. Currencies High Low Support Resistance GBP/EUR 1.1363 1.1296 1.1275 1.1380 GBP/USD 1.6555 1.6468 1.6490 1.6600 EUR/USD 1.4628 1.4526 1.4560 1.4625