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Federal Reserve may Want Inflation
2008-05-03 00:21:00
We are now importing inflation. This does not only apply to the cost of commodities, such as oil, but also to consumer goods imported from Asia. This is a newer trend as, in our analysis, Asia had been exporting deflation until the summer of 2006; since then, we have seen increased pricing power by Asian exporters.Inflation is not just a U.S. phenomenon; as Asian economies are far more dependent on agricultural and industrial commodities, rising inflation may become a serious concern in the region. The stronger and more prudent Asian central banks may realize that allowing their currencies to float higher versus the U.S. dollar may be the most effective way to combat inflationary pressures.Available credit is likely to continue to be tight. In a move former Federal Reserve ("Fed") Chairman Paul Volcker referred to as being at "the very edge" of the Fed's legal authority, the Fed engineered a bailout plan to avoid bankruptcy for Bear Stearns, up until recently a major investment ban...

Fed cuts rates by 25bps, but leaves door open for more rate cuts if needed.
2008-05-03 00:20:00
CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was weaker on Wednesday after the Fed yet again cut rates by 0.25% to 2.00% for the seventh time since September last year. The votes counted 8-2 in favour of the cut, with only Fisher and Plosser preferring no change. The accompanying statement which was widely expected to suggest the Fed would ease its rate cutting for now, only hinted at the Fed?s future course of action by suggesting ?indicators of inflation expectations have risen in recent months.? The market took these sorts of comments as affirmation that the Fed is near a pause in rate cutting but is leaving the door open to further rate cuts should the economy need the relief. US GDP for Q1 grew by 0.6%, surpassing forecasts of a 0.2% growth, suggesting the economy is still grinding ahead despite the plaguing financial turmoil. In other data news, the ADP Employment report for April improved from 8k in March to 10k, far outstripping expectations of a fall to -60k. Chicago P...
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ISM Manufacturing Index
2008-05-03 00:19:00
Previous: 48.6Forecast: 48.0Definition The ISM manufacturing composite index is a diffusion index calculated from five of the eight sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms from 21 industries in all 50 states. The survey queries purchasing managers about the general direction of production, orders, inventories, employment, vendor deliveries and prices. The questions are qualitative rather than quantitative; that is, they ask about the general direction, rather than the specific level, of business. Each question is transformed into a diffusion index which is calculated by adding the percentage of positive responses to one-half of the unchanged responses. Five components are weighted to form the compositeThe ISM manufacturing composite index indicates overall factory sector trends. The relevance of this indicator is enhanced by the fact that it is available very early in the month and not subject to revision.General EffectThe ISM is ...
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Dollar climbs on the back of better than expected ISM Manufacturing and sur
2008-05-03 00:16:00
CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) strengthened against most of the majors on Thursday as the U.S saw positive data released combined with a surging equity market and more interest rate conviction which prompted confidence in the dollar. The ISM Manufacturing Index for April came in above expectations of 48, matching March?s index of 48.6. The PCE Index for March came in above the previous level of 0.1%, seeing a result of 0.3%. Core PCE bettered suggestions of 0.1%, with a result of 0.2%. Jobless claims did come in worse than the expected 360k with a result of 380k. U.S personal income rose 0.3% in March with spending up 0.4%, ahead of expectations. In share market news, U.S equities soared as more certainty in interest rates and positive corporate news gave investors confidence. The Dow Jones finished 189 points higher (1.5%), whilst the NASDAQ surged 67 points (2.8%). Oil prices fell in response to a stronger dollar, weakening U.S demand and the ending of a strike ...
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Daily Forex Overview
2008-05-03 00:16:00
Previous session overviewOn Thursday, the dollar surged higher as better-than-expected U.S. manufacturing data and rising inflation Manufacturing Index for April came in above expectations of 48, matching March's index of 48.6. The PCE Index for March came in above the previous level of 0.1%, seeing a result of 0.3%. Core PCE bettered suggestions of 0.1%, with a result of 0.2%. Jobless claims did come in worse than the expected 360k with a result of 380k. U.S personal income rose 0.3% in March with spending up 0.4%, ahead of expectations. In share market news, U.S equities soared as more certainty in interest rates and positive corporate news gave investors confidence support to the Federal Reserve's inclination to stop cutting interest rates.A big rise in U.S. stock markets Thursday also helped lift the dollar against its key rivals. The euro landed with a thud, falling to as low as $1.5430, its weakest level since March. EURUSD traded at a high of 1.5643 and a low of 1.5430, bef...
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Payrolls expected to decline for the fourth straight month
2008-05-03 00:10:00
The dollar held firm ground overnight trading between 1.5446 and 1.5482. Yesterday?s data came out slightly better than expectations. Australian retail sales came out better than expected at 0.5%m/m versus a consensus of 0.3%m/m. Non-Farm Payrolls announcement is the highlight of the day.News and Events:The dollar held firm ground overnight trading between 1.5446 and 1.5482. Yesterday?s data came out slightly better than expectations: ISM manufacturing index was flat at 48.6, better than a decline. Weekly jobless claims rose more than expected, to 380,000 versus a consensus of 365,000. Core PCE prices rose 0.2%m/m, pointing to a possible aggressive Fed stance against inflation in the medium-term. The Non-Farm Payrolls announcement is the highlight of the day. The market is anticipating a 100,000 drop and a 0.2% rise in unemployment to 5.3%.Australian retail sales came out better than expected at 0.5%m/m versus a consensus of 0.3%m/m. The RBA is closely monitoring real demand and con...
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The dollar with 600 pips gain against the euro
2008-05-03 00:09:00
The dollar is on the way to make second winning week against the euro. The dollar gained almost 600 pips from the record trading level of 1.6019 on April 22nd. The gains of the dollar against the euro, Swiss franc, and yen will continue in the coming couple of days. It is very important the U.S. Non-farm Payrolls to support the dollar today. If the report is positive the dollar gains will continue. One of the reasons for the recovery of the dollar is the end of Fed interest rates cut. After the last correction with quarter percent the Fed will hold the interest rates at 2.00% for long time. The second reason for the recovery of the dollar is the first weakness signals for the Euro Zone. The growth in Europe is with new correction down. The problems for Europe comes while United States probably are at the bottom and will start moving up. The next fundamental news for the Euro Zone and United States probably will continue to support the raise of the dollar said George Marshal forex an...
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Online Currency Trading requires Patience
2008-05-02 16:31:00
When the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there's nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you're got to learn from your wrong moves and keep moving on. Learning the basic skills of online forex trading could be easy but, practically, one needs to acquire the advanced skills to play safe through thick and thin of FX trading.I have traded in forex for many years and, if you count on me, I must tell you that the secret of successful trading lies largely on the hunch and intuition of an trader. Technically expressed, you should have the accurate forex alerts and forex signals to be able to make the right moves in the currency market. However, this is easier said than done as the skills of the Currency Trading Signal takes a long time to master. This is why while a few people ...
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Short data about the origin and development of the currency exchange market
2008-05-02 16:27:00
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.The modern foreign exchange market characterized by periods of high volatility (that is a frequency and an amplitude of a price alteration) and relative stability formed itself in the twentieth century. By the mid-1930s the British capital London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign exchange was traded on the telex machines, or cable, the pound has generally the nickname ?cable?.After the World War II, where the British economy was destroyed and the United States was the only country unscarred by war, U.S. dollar, in accordance w...
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Currency Trading Is Not The Monopoly Of The Nerds And The Geeks
2008-05-02 16:24:00
The general perception is that any and every person who is involved in the business of trading of currency or foreign exchange is a person who has a super high IQ. To hear words and phrases like liquidity ratio, central bank intervention and inflationary demand makes us feel as if we are back in the boring and inherently avoidable lecture on economics that we were forced to attend in our college. However, all these preconceived notions apart, forex or currency trading is not the domain for the super intelligent alone. There is no doubt that you need brains to get involved in forex trading. Then, I bet you cannot name a single sphere of human activity that does not need the application of one's mind. A bit of brains and lot of research can help you make a tidy sum in currency trading. Till recently, the forex trading market was not open to individual investors. To take part in the process of buying and selling of currency, you either had to be a big bank with lots of deposits an...
More About: Articles , Geeks , Currency Trading , Trading , Currency

Internet Marketing VS Forex Currency Trading
2008-05-02 16:22:00
Have you noticed that when someone's trying to sell you something ? such as a system for making money ? they always make it look far easier than it is? Let's look at two Internet businesses, almost as diametrically opposed as it's possible to be ? Internet Marketing and Forex Currency Trading . You've probably heard the old Internet adage ? build a better website and they will come. Well it ain't true! You could put up a site advertising dollars for a dime and they still wouldn't come ? because they wouldn't know where to look! Let's look at what you need to have in place in order to build a successful Internet marketing business. First of all, you need a product. If you've been reading the recent Internet marketing blurb you'll know you need a niche product. Actually, the new thing is sub-niche but whatever they call it, you need a product for which there is high demand but low supply. Finding a suitable niche is the hardest part of the whole process but let's ...
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USD weakens in Asia, goes two-way in Europe - Morning session - GMT
2008-05-02 16:20:00
Today?s US Dollar Trading? USD weakens in Asia , goes two-way in Europe ? Asia and Europe minor holidays, volumes light? USD rallies hard in NY trade, US data neutralOvernight Preview? Expect a book-squaring session? Not a lot left to drive the greenbackLooking AheadAll times EASTERN (-5 GMT)? 8:30am Nonfarm Employment forecast -80K? 8:30am Unemployment Rate forecast 5.2%? 8:30am Average Hourly Earnings m/m forecast 0.3%? 10:00am Factory Orders m/m forecast 0.2%SummaryThe USD roared back today from a disappointing set of data this morning and recovered a lot of lost ground against most of the pairs. USD/CHF rallied the most hitting stops said to be resting above the 104.50/60 area for a high print at 1.0511 before falling back a bit. Traders note that today?s slew of minor US data had no real market moving information to it but a general tone of USD recovery helped underpin the Greenback for most of the day; higher equities also underpinned along with cheaper oil. GBP fell back from ...
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Currency Market Trading
2008-05-02 15:10:00
The foreign exchange market, or forex, being the largest financial market in the World has been the domain of government central banks as well as for commercial and investment banks in a scandalous manner and it exists wherever one currency is traded for another. But recently more numbers of individuals are handling the forex market as it offers trading 24-hours a day, five days a week, and the daily dollar volume of currencies traded in the currency market that exceeds $1.9 trillion daily, making it the largest liquid market in the world. Foreign Exchange is the place where the money of one nation is traded with the other nation. The most popular pair of exchange in the forex market is Euro Dollar. You can view these pairs in all forex display screens as EUR/USD. Forex trading strategies are the key to triumphant forex trading or online currency trading. The management team of One World Capital Group bid proficiency in both Forex trading and internet technologies and proven track ...
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The profits of forex over currency futures trading are significant.
2008-05-02 15:04:00
The difference between the two instruments range from truth-seeking realities such as the history of each, their objective viewers, and their importance in the modern forex markets, to more concrete issues such as transactions fees, margin necessities, access to liquidity, easiness of use and the technical and educational support obtainable by sources of each service. These dissimilarities sketched below: More Volume = Improved Liquidity. Daily money futures volume on the CME is now above 2% of the volume seen each day in the forex markets. Incomparable liquidity is one of many advantages that forex markets clutch more currency futures. The truth told this is old news. Any currency professional can tell you that cash has been king since daybreak of the modern currency markets in the early 1970's. The actual news is that individual dealers from every forex risk profile now have full right to use to the opportunities offered in the forex markets. Forex markets give tighter bid to off...
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Currency News - Why Most Traders Can't Make Profits with It
2008-05-02 14:53:00
It's a fact that most traders who try and trade using online currency news end up losing because they don't understand how the market works and fail to understand how news is discounted. If you don't want to join the 95% of losing traders, then you need to understand how to use currency news correctly.Let's start with a rather interesting fact:Today the currency news we get is of a higher quality than 50 years ago, it is delivered faster with the click of a mouse yet, the ratio of winners to losers is still the same as it was 50 years ago which means:These advances in quality of news and speed of delivery, have not helped improve the success rate.The reason for this of course is - the news is discounted in a split second and you simply can't act quickly enough. Furthermore, currency news reflects what the majority think and on most occasions, the majority lose.It's a fact that - markets collapse when their most bullish and rally when their most bearish.Will Rodgers once said:"...
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The Currency Market
2008-05-02 00:54:00
Is it ironic that the currency market, driver of global trade and finance, without a doubt the most significant market in the world economy and politics, is the least known? Why is there such a void of information, and why are there so many misnomers regarding currency trading and investing?From a traders perspective, the forex market is easier to trade in terms of execution and reporting, market hours (forex is 24/7), leverage (400:1), and ability to implement technical systems. There are only 8 major currency pairs, which have limited range, and are correlated mathematically.In the stock market, the largest concern is insider trading. Insider trading is illegal in the stock market, because it is a specific unfair advantage that corporate officers have due to sensitive information they have. However, insider trading is not illegal in the currency market, because there are no ?insiders?, and also it is not unethical for a bank to sell currency because that is the business of the ban...
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How To Choose Your Forex Broker
2008-05-01 02:21:00
To become successful in forex trading, you will need a good forex broker. Your forex broker is one who will execute all your trades according to your wishes while earning a commission for each trade. There many forex brokers out there competing for your business and it can be quite hard to determine which one is best for you. Here are some key points to look for when choosing a good forex broker.1. Available Currency Pairs Every forex broker will at least have the seven major currencies (USD, CAD, AUD, EUR, CHF, JPY and GBP). However, if you plan on trading Danish krones or New Zealand dollars, you should make sure that your forex broker is able to do so.2. Transaction Costs Forex brokers are paid based on the bid ask spread, there should not be any hidden fees or charges to trade. However, additional charges may be required to access certain reports and optional services. Of course, the smaller the spread the better it is for you. Pip spreads vary by broker (and also by currency pa...
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Major Currencies
2008-04-30 15:29:00
EURO Yesterday, the 15 nation currency retreated to trade in a strong decelerating pattern, which helped it surpass the major level at 1.5600 reaching to the strong support level at 1.5538 which was the lowest set for the Euro. As for today the euro is expected to reverse to the upside as the technical indicators reflected, targeting the psychological barrier at 1.5600 and breaching it to move to the next resistance level at 1.5626. The trading range for today is expected among the key resistance level 1.5775 and the key support level at 1.5440. The general trend is to the upside as far as 1.4260 remains intact, with targets at 1.6080 and 1.6360. Support1.5567 1.5532 1.5505 1.5475 1.5450 Resistance1.5588 1.5626 1.5650 1.5675 1.5695 RecommendationBuying Euro above 1.5565, with targets at 1.5675 and stop loss below 1.5490 GBP The British pound continued its strong bearish wave yesterday reaching to the major support level which resides at the ascending trend line at 1.9677 to stop th...
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Cross Rates
2008-04-30 15:28:00
(GBP/JPY) The royal currency dropped against the Japanese Yen yesterday after it failed in surpassing the key resistance level at the horizontal resistance line at 207.56, but it succeeded in breaching the major support level at 206.10, then it continued dropping to reach the next support level at 203.34 as its lowest set. While today, we expect the pair will continue dropping pressured from the selling side as we saw it in the technical indicators since yesterday.Support203.50 203.08 202.60 202.07 201.80 Resistance204.40 204.78 205.30 205.70 206.10 Recommendation... (EUR/JPY) The Euro retreated against the Japanese Yen yesterday in a strong decelerating movement, the thing that helped it to breach the key support level at 162.84 reaching the next support level at 161.14 easily, despite the fact that the pair gained back some of its losses that it faced in the last trading session, where it closed at 161.80 levels, yet expectations are the pair will continue dropping to the downsid...
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Technical oscillators supporting the bullish trend for the USD/CHF currency
2008-04-30 15:26:00
USD/CHF ? Market strategy is bullish, buying till the 1.0481 levelTechnical oscillators supporting the bullish trend for the currency pairTo strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line. As seen on the chart there are two bottoms leading upwards to a buying trend.
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Currency Majors Technical Analysis
2008-04-29 13:42:00
European Session EUR/USD - Euro Dollar 1,5655. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,5600. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position.. Resistances 1,5665 - 1,5700 Supports 1,5635 - 1,5600GBP/USD - British Pound Dollar 1,9899. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,9680 / 2,0000 range. We won't take a position. The risk/reward ratio is too high to take a position.. Resistances 1,9950 - 2,0000 Supports 1,9880 - 1,9800 more information on GBP/USD - B...
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EUR/USD consolidates the FOMC meeting before
2008-04-29 13:41:00
EUR/USD (1.5649) European & US sessions forecast levels: 1.5555/1.5770 Trend Sessions: European: Neutral/Upward US: Neutral/Upward Market Focus: 10:00 AM Consumer Confidence. Daily Strategy: The dollar consolidates at the current levels ahead the key FOMC meeting. It is expecting the Fed to cut the interest rates between 25 and 50 bps. Some analyzers predict last Fed interest rates cut. Still the bottom is not reached and the dollar will remain under pressure. But the traders already generate the expecting Fed decision. It is possible to see recovery of the dollar in near-term. For today we recommend trading within the trading range. The key US Consumer Confidence probably will fell again this month that will be new negative signal for the US economy.
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Major Currencies
2008-04-29 13:39:00
EURO The euro hit the critical support level at 1.5590 yesterday to launch then an upside move that led it till the important resistance level at 1.5690; as for today the euro might progress in an upside move despite the negative momentum until the resistance level at 1.5790 after a number of indicators reflected positive signals for today. The trading range for today might be among the key resistance level at 1.5820 and the key support at 1.5500. The general trend is to the upside as far as 1.4260 remains intact, targets now are at 1.6080 and 1.6360. Support 1.5667 1.5626 1.5600 1.5577 1.5550 Resistance 1.5690 1.5718 1.5738 1.5720 1.5790 Recommendation Buying euro above 1.5625 with targets at 1.5725, stop loss below 1.5570 GBP The British pound accelerated in the upside direction in a strong move with the absence of the dollar's strength striking the key resistance level at 1.9965 with high levels of positive momentum; as for today the pound still h...
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Cross Rates
2008-04-29 13:38:00
(GBP/JPY) Sterling inclined against the Japanese yen in early trading yesterday reaching to the key resistance level which resides on the ascending trend line which in role caused reversal patterns that led the pair until 206.70 support level; as for today the pair is expected to rise again to test once more the mentioned resistance level above at 208.50 which the pair will most likely fail in breaching and will resume to the downside once more according to yesterday's seen pattern. Support 207.55 207.00 206.78 206.36 206.11 Resistance 207.80 208.10 208.41 208.68 208.95 Recommendation (EUR/JPY) The euro declined against the Japanese yen yesterday as the pair failed to breach the key resistance level at 163.93 to decline then in a strong bearish wave until the strong support level at 162.84, and as the technical indicators reflect the pair is expected to progress the downside wave with high levels of negative momentum to reach the support level at 162.6...
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Daily Forex Analysis
2008-04-29 13:28:00
EUR/USD Daily Analysis 29 April 2008Current level-1.5584 The pair is in a downtrend from the short-term top at 1.6019. Technical indicators on the 4 h. chart are falling and are still above the oversold zone. Important support is seen at 1.5497-5532, followed by the previous month's low at 1.5341. Trading is situated above the 50- and 200- day SMA , currently projected at 1.5534 and 1.4606. In our opinion from last week's bottom at 1.5553, a corrective phase is unfolding upwards, targeting 1.5807. while the pair stays below 1.5659, there is still a risk of one more downside attenmpt to 1.5497 before reversal and a beginning of an uptrend. Today we will expect an upmove to emerge from current levels for a break above 1.5659, en route to 1.5807. resistance support intraday intraweek 1.5659 1.5807 1.5807 1.60-sentiment intraday intraweek 1.5569 1.5497 1.5497 1.5341 --------------------- USD/JPY Daily Analysis29 April 2008Current level - 104.15 The pair is in...
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EUR/USD dip might not be over
2008-04-29 13:25:00
USD is looking stronger as releases took the pair lower. After breaking above the 1.60 mark, we now see the pair almost 400 pips lower and looking to get below the 1.56 handle. If you listened to our recommendations last week, you should by now have banked great profits and now should be thinking on a buying opportunity. These are due to the fact that we?ve been speaking about a range in EUR/USD between 1.6000 and 1.5550. We are now getting closer to the lower end of our range, however it will be very important to be patient and get in the market when the time is right. Let?s wait and see if the pair will head higher again or if it will extend the dollar rally to lower prices.In order to decide what to do, we will have to pay close attention to fundamentals. Tuesday will bring us German IFO and Consumer Confidence for the US. Wednesday will be very important as we expect a low CPI for Euro Zone, taking away the argument for a rate hike. Then we see Personal Consumption a...

All is quiet on the FX front leading into the Fed?s rate announcement on We
2008-04-29 13:24:00
CURRENCY TRADING SUMMARY U.S. Dollar Trading (USD) was reasonably subdued on Monday in the lead up to the Fed?s rate announcement on Wednesday, with the early session dominated more by profit-taking following Friday?s surge, only to recover somewhat in the New York session as favourable U.S sentiment returned. There was no data released on Monday to cause investors to budge on their positions and eyes are now looking forward to Wednesday with the Fed?s rate announcement and GDP figures sure to cause volatility in the market. Warren Buffet joined in on the recession debate on Monday, suggesting the U.S economy was in recession and that the contraction will be deeper and longer than people expect. In U.S share markets the most notable event was Mars? $23b takeover bid for Wrigley?s, the world?s largest chewing gum producer. The Dow Jones fell by 20 points (0.2%), while the NASDAQ rose 1.5 points (0.1%). Oil prices continue to surge to new heights, reaching fresh highs near...
More About: Announcement , Front , Leading , Rate , Quiet

Consumer Confidence
2008-04-29 13:24:00
Previous: 64.5Forecast: 62.0DefinitionA measure of consumer attitudes, preferences, and expectations concerning the state of the economy and business cycle conditions that is compiled each month by The Conference Board. The Conference Board is also responsible for compiling the leading, coincident, and lagging economic indicators. The Consumer Confidence Index is one of two primary measures of consumer attitudes. The other is the Index of Consumer Sentiment developed by the University of Michigan.General EffectThe importance of consumer confidence index on the currencies market is important, because it influences consumers' consumption levels, so if the expected percentage inclines, means that the consumer confidence in the domestic economy will likely to improved and it affects consumers' willingness to spend money that allows them to obtain available goods and services; as a result the aggregate demand will increase which cause rising production by different indust...

USD two-way, ends flat - Morning session - GMT
2008-04-29 13:20:00
Today?s US Dollar Trading? USD two-way, ends flat? GBP has higher volatility? Technical trade continues from AM Overnight Preview ? Look for continued consolidation? Asia closed for Japan holiday SummaryThe Greenback ends quietly in pre-report trade after a two-way session that saw most action ahead of the London fix this morning. Traders note that stops helped in light action as close-in positions were trimmed ahead of FOMC on Wednesday. Volumes were on the modest side as expected and some pairs may have extended their range intraday only because thin conditions gave traders a reason to look for stops. GBP rallied on no volume and whipsawed both sides again today as getting on a reasonable trend appears to be difficult for everybody. Initially firm overnight on cross-spreading the GBP held gains after stops found the 1.9900 handle; after falling back and then rallying again for a high print at 1.9968 the rate fell back under the 1.9900 handle twice after short-lived ral...
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Quiet Monday offered few clues on market's thoughts ahead of FOMC announcem
2008-04-29 13:16:00
USD and GBP still well supported for now ahead of latest US Consumer Confidence data. MAJOR HEADLINES ? PREVIOUS SESSION New Zealand Mar. Trade Balance out at -50M vs. +395M expected Australia Feb. Leading Index out at -0.2% vs. -0.5% in Jan. Australia Q1 NAB Business Confidence out at -4 vs. 6 in Q4 THEMES TO WATCH ? UPCOMING SESSIONKey Risk Events (All times in GMT) Sweden Apr. Consumer Confidence and Q1 Manufacturing Confidence (0715) Sweden Mar. Retail Sales (0730) Switzerland Mar. UBS Consumption Indicator (0800) UK Mar. Mortgage Approvals (0830) UK BOE's King to speak on Reappointment as Governor (0845) UK Apr. CBI Distributive Trades Report (1000) US Feb. S&P/CaseShiller Home Price Index (1300) US Apr. Consumer Confidence (1400) UK BOE's Blanchflower to Speak (1700) US Weekly ABC Consumer Confidence (2100) New Zealand Mar. Building Permits (2245) UK Apr. GfK Consumer Confidence (2301) Japan Apr. Manufacturing PMI (2315) Japan Mar. Jobless Rate (2330) ...
More About: Thoughts , Clues , Monday , Quiet , Ahead