|
|
| ||||
| Daily Review 19/11/2009 USD Dollar (USD) The Dollar strengthened against most majors after weaker housing Data. Building Permits came out at 0.55M vs. 0.59M forecast and Housing Starts came out 0.53M versus 0.61M expected. The cost of living in the EURO (EUR) The Euro advanced against the Dollar as Federal Reserve Bank of St. Louis President James Bullard said past experience indicates policy makers may not start to raise interest rates until early 2012. Current account came out worse than expected with -5.4B vs. 0.6B forecast. EUR/USD traded with a low of 1.4857 and with a high of 1.4990. Today, ECB president Trichet will speak at the Euro50 Group Conference in EUR/USD - Last: 1.4921 British Pound (GBP) The Pound slid from almost a 2 month high against the Euro and declined versus the Dollar after MPC Meeting Minutes of this month’s Bank of England meeting showed the vote to increase the bond-purchase program by 25 billion pounds ($42 billion) wasn’t unanimous. Overall, GBP/USD traded with a low of 1.6714 and with a high of 1.6845. Today, Retail Sales are expected with 0.6% vs. 0.0% prior. GBP/USD - Last: 1.6697 Japanese Yen (JPY) The Yen weakened against the Dollar trading with a low of 89 and with a high of 89.48. In addition, Japanese stocks fell, led by real- estate companies on concern sales of new equity will dilute earnings per share and after investment ratings were cut. Today, Bank of Japan will release its Interest Decision expected to remain at 0.1%. USD/JPY-Last: 89.09 Canadian dollar (CAD) The Canadian Dollar fell for a second day versus the Dollar as CPI figures came out worse than expected at -0.1% vs. 0.2% forecast and stocks declined decreasing demand for higher yielding assets. Overall, USD/CAD traded with a low of 1.0449 and with a high of 1.0582. Today, Leading Index is expected at 0.8% vs. 1.1% prior, Wholesale Sales are expected at 0.6% vs. -1.4% prior. Bank of CAD/USD - Last: 1.0579 UFXBank Last edited by Rich14304; 11-19-09 at 07:46 AM. Reason: Removed HOTLINK Please update Profile to include HOTLINKS in your signature Thxs |
| Sponsored Links |
| |
![]() |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
| |
| | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Daily Review 18/11/2009 | UFXBank team | Technical Analysis | 0 | 11-18-09 04:50 AM |
| Daily Review 17/11/2009 | UFXBank team | General Trading Forum | 0 | 11-17-09 05:46 AM |
| Daily Review 16/11/2009 | UFXBank team | Technical Trading | 0 | 11-16-09 07:24 AM |
| Daily Review 12/11/2009 | UFXBank team | Technical Analysis | 0 | 11-12-09 06:50 AM |
| Daily Forecast: June 22 | FXInstructor | Technical Trading | 1 | 07-21-09 12:30 AM |