"It is clearly all about the fiscal cliff at the moment, and as soon as headlines crossed that House Republican leaders cancelled the Plan B vote, risk assets tumbled.
Growing optimism that leaders will knock up a deal has fuelled regional markets early, but this swiftly changed when the negative tape crossed the wires. There were some big moves in the FX space, with USD/JPY dropping from around 84.40 and dipping below 84, while AUD/USD declined from around 1.048 to 1.044.
EUR/USD is back below 1.32 after having traded near 1.33 in the US session. The trend has been the same in Asian equities with an initial move higher being greeted by selling, which resulted in the major bourses trading in negative territory. The ASX 200 is down 0.4% after having traded at a 17-month high earlier, the Nikkei is 0.3% lower and the Hang Seng has shed 0.9%....
.....President Obama would probably prefer a compromise was reached so the US can go on to function properly in 2013, however he would take comfort in the understanding that many are siding with the Democrats and his post-tax bill rejection comments that his priority was getting a deal done, clearly was an act to push public sentiment in his favour. Elsewhere we get Q3 GDP reads in the UK, Norway and Canada, UK current account and consumer confidence reads for Germany and Italy." Source: http://www.igmarkets.com.au/cfd/market-commentary-21-12-2012-1530.html
Okay Info for The Party: So the end of the world is coming tonight at aprox 10.12pm. So the party room has organised some spas and a Sauna. The dress theme is over or under dressed up to you :-)
So lets party I am having green tea and then some Vodka and pinapple juice drink and then ..??? Bombs away into the spa (water splashes) yea ha
Food and Drinks Theme Blast Away
Green Curry Prawn Spring Roll Sabudana Vada: Crunchy peanuts with a interesting contrast with the soft sago and potato. Spicy Malaysian Rendang Meatballs Curry Vegetable Bites Spicy Kefta Briouats Prawns Rava Fry Chilli Beef & Borlotti Bean Parcel
There is some iced water or yogurt if you need to cool down your mouth.
Have a great weekend and thanks for the smiles and calls this year.
