Friday
JPY - (Neutral, looking ahead) Lower than expected CPI for November were released on friday, which makes the market uncertain as to when BOJ will decide to increase rates.
GBP - (Short Term Correction expected, looking ahead) Cable gained on weaker than expected ISM figures, traders were very bullish on the Pound and sent the GBP/USD cross to all time highs once again.
USD - (Short term rebound, looking ahead) (From dailyFX) The national ISM survey of manufacturing conditions fell below the 50 mark, indicating that activity contracted rather than expanded in the month of November. With five out of the ten underlying components including employment, new orders and production contracting, the possibility of a recession in the US economy is growing. The weakness of the housing market is finally spreading to the rest of the economy and both traders and economy watchers are worried. The US dollar has fallen once again while the stock market tanked on the back of the report. In addition to the ISM, construction spending also dropped by 1 percent with a comparably large downward revision to the September data. Interestingly enough though, Fed President Plosser as well as the ISM head downplayed the significance of the report. They felt that a one month contraction was too little to deem the entire sector as recessionary. In fact, we would need to 6 months of sub 50 readings to label it as such.
Later
1700h - GBP : PMI Construction Survey
1800h - EUR : Euro Zone PPI
Technicals
Sell - USD/CHF at 1.1920
Buy - EUR/USD at 1.3235
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