14:11CET
These are the topics that have had an impact on the markets thus far in the European session: * Irish central bank governor: Expects loan from Europe, IMF (not a bail-out mind) will be large. Will run into 10’s of billions €.* Irish govt minister: Expects 4 year fiscal plan to be published around middle of next week
* Spain PM: Highly probable to meet 2010 growth targets
* UK October retail sales +0.5%, slightly better than median forecast of +0.4%
* UK PSNCR 2.431 bln, lower than median forecast of 6.0 bln, PSNB 9.77 bln, higher than median forecast of 9.0 bln
* UK CBI November manufacturing order book balance -15 vs -28 in October, better than median forecast of -24
* Swiss ZEW investor sentiment -30.9 in November, deterioration from -27.5 in October
* Germany’s Merkel: Euro is vital to German interests
* South Korea to reintroduce withholding tax on foreigners bond investment – FinMin official
* BOJ considers increasing capital to prepare for asset purchasing – Kyodo (report doesn’t mention amount/timing)
* Japanese govt maintains overall economic assessment, says economy at a standstill
* Japan EconMin Kaieda: Can’t say that yen has weakened enough recently
* Nikkei 225 will surge in cycle convergence – Bloomberg
* France’s Lagarde: Euro zone is not at risk of breaking up
* China may hike rates another 100 bps (not all in one go mind) Interesting video Technically speaking, EUR/USD has tripped above many stops in the 1.3600-20 area, Cable has done so in the 1.5975-90 area and USD/CHF has broken important intraday support line @ 0.9870, which has put a lot of pressure to the USD. The picture has not been (totally) followed by AUD/USD, as the unit, quite correlated to Gold, has seen that unit stalling at key dynamic resistance $1,357-8. All in all, retail traders still remain too much long in USD despite the recent sell-offs across the board, and that may not be helpful at all in an otherwise usually (like Tuesday) USD-selling day.
Posted via email from MT4
No comments:
Post a Comment