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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Today at 05:21
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Today at 03:56
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Today at 03:28
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Today at 03:16
| Live Currency Rates | |||
|---|---|---|---|
| Name | Last | High | Low |
| Daily Economic Calendar | ||||
|---|---|---|---|---|
| Time | Event | Actual | Forecast | |
| Nov 2315:00 |  |
USD Existing Home Sales (OCT) | 5.70M | |
| Nov 2308:30 |  |
EUR German Purchasing Manager Index Manufacturing (NOV A) | 51.6 | |
| Nov 2309:00 | |
EUR Euro-Zone Purchasing Manager Index Composite (NOV A) | 53.4 | |
| 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% | |
