- USD Graphic Rewind Fri, 20 Nov 2009 07:11 GMT
- Opening Comment Fri, 20 Nov 2009 06:23 GMT
- Overnight Interest Rate Update 11.19.09 Fri, 20 Nov 2009 05:12 GMT
Market News Headlines
Forex Market News
US Dollar Remains in Downtrend Despite Gains – High Event Risk Next Week
• British Pound Down as Bank of England Likely to Remain Neutral
• Euro Gains Amidst Signs European Central Bank May Wind Down Liquidity Programs
• Japanese Yen Dominates as Equities Fall, Bank of Japan Sees Upside Inflation Risks
• New Zealand Dollar Down as Currency’s Appreciation Becomes a Political Concern
Daily Fundamentals
British Pound Fails to Find Support at 20-Day SMA, Euro Maintains Narrow Range
The British Pound weakened against the greenback for the fourth day and slipped below the 20-Day SMA (1.6580) to a low 1.6516 during the European trade, and the currency may face increased selling pressures going into the North American session as investors scale back their appetite for risk.
... read moreCommodities
Oil Extends its Pull Back as Risk Aversion Looks to Close the Week
Crude extended the sharp reversal sparked yesterday; but the follow through into Friday’s close was far more tempered. This is consistent with the bigger pattern of price action for the past five weeks.
... read more
Trading the News
Private spending in Canada is expected to improve for the second consecutive month in September, with economists forecasting retail sales to increase 0.6% from the previous month, and the data is likely to encourage an improved outlook for the region as policy makers see the economy emerging from the recession in the third quarter.
... read more5 Key Events for the
Forex Market This Week
The US dollar ended the week above its 2009 lows, and the release of US advance retail sales and a scheduled speech from Federal Reserve Chairman Ben Bernanke could help set the stage for a reversal. The British pound also faces serious event risk from the release of UK CPI and the minutes from the Bank of England’s November policy meeting.
... read moreLatest Market Strategy Columns
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| Day | Week | Month | ||||||
| GBP/JPY | -148 | -1.01% | NZD/JPY | -217 | -3.37% | AUD/USD | +162 | +1.77% |
| GBP/USD | -164 | -0.99% | AUD/JPY | -225 | -2.77% | GBP/AUD | -256 | -1.42% |
| NZD/JPY | -58 | -0.90% | NZD/USD | -185 | -2.55% | USD/CAD | -143 | -1.34% |
| NZD/USD | -65 | -0.90% | CAD/JPY | -207 | -2.49% | USD/JPY | -116 | -1.30% |
| GBP/AUD | -114 | -0.63% | AUD/USD | -179 | -1.96% | GBP/CAD | -170 | -0.96% |
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| Live Currency Rates | |||
|---|---|---|---|
| Name | Last | High | Low |
| Daily Economic Calendar | ||||
|---|---|---|---|---|
| Time | Event | Actual | Forecast | |
| Nov 2000:00 |  |
JPY Bank of Japan Interest Rate Decision | 0.10% | 0.10% |
| Nov 2002:00 |  |
NZD Credit Card Spending s.a. (MoM) (OCT) | 0.2% | |
| Nov 1521:45 | |
NZD Producer Prices- Outputs (QoQ) (3Q) | -1.4% | 0.2% |
| Global Market Data |
|---|
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| Central Bank Rates | ||||||
|---|---|---|---|---|---|---|
| Currency | Rates | Currency | Rates | |||
|
NZD | 2.50% |  |
AUD | 3.50% | |
 |
GBP | 0.50% |  |
USD | 0.25% | |
 |
CAD | 0.25% |  |
EUR | 1.00% | |
 |
CHF | 0.25% | |
JPY | 0.10% | |
