Action Insight | Written by ActionForex.com | Jan 12 07 14:17 GMT | Forex Mid-Day Technical Report Dollar Retreats on Profit Taking Despite edging higher initially, dollar retreats on profit taking after solid retail sales report. December sales was better than expectation with 0.9% rise growth in headline sales and 1.0% growth in ex-auto sales, better than expectation of 0.6% and 0.5% respectively. However, the positive effect on dollar was offset by downward revision of Nov’s...
Daily Report: Yen Strengthens on Strong GDP, Dollar Remains Weak after Modest Bernanke
February 15, 2007 on 8:53 am | In |
Action Insight | Written by ActionForex.com | Feb 15 07 06:26 GMT |
Forex Daily Technical Report Yen Strengthens on Strong GDP, Dollar Remains Weak after Modest Bernanke
USD/JPY drops to one month low today on the back of yen strength on stronger than expected Japanese GDP data and dollar weakness after Bernanke disappointed dollar bulls in yesterday’s semi-annual testimony. Japanese GDP surged 1.2% qoq in Q4, coming in well above expectations of 0.9%. Annualized qoq growth was impressive at 4.8% comparing to expectation of 3.8%. Growth was driven by strong business investment and a rebound in consumer spending. The solid numbers today raises the expectation of a near term hike from BoJ. But still since the economy was pretty weak in most of 06, Q4’s strong growth could merely be just a result of pent up expenditure decisions. With inflation remains low, it will still be a close call for a March hike. Nevertheless, yen strengthens across the board on the news.
Dollar has been weak since last London session and further weakness was triggered by yesterday’s mixed retail sales report and first day of Bernanke’s semi-annual testimony to Congress. Markets have built up expectation for something hawkish from Bernanke, but dollar’s weakness was triggered immediately after Bernanke said that “there are some indications that inflation pressures are beginning to diminish.” The overall tone of Bernanke’s prepared remarks were rather neutral. Fed forecasts the economy to grow at a pace between 2.5% and 3.0% in 2007, which was revised down from 3.0% to 3.25%. Core PCE forecast was left unchanged at 2% to 2.25% which is still slightly above Fed’s comfort zone. Unemployment expectation was revised down from 4.75- 5% to 4.5-4.75%. Bernanke highlighted the strength of consumer spending even though housing has slowed but warned of the risk of secondary effects of housing slowdown on consumer spending. And he still moderation in growth and falling energy and commodity prices will bring down inflation pressure. Based on current outlook, the Fed will likely keep rates unchanged beyond first half unless there is some significant development that deviates from the current forecasts.
As for today, Bernanke will have his second day of testimony. A string of important US economic data will be released including Empire state index, import and export prices, TICs capital flow, capacity utilization, industrial production and Philly Fed survey. Even though Sterling has also rebounded on dollar’s weakness and a quarterly inflation report that suggest further rate hike is on card, the strength of Sterling was relatively weak as also displayed in EUR/GBP cross. Pound traders will look into today’s retail sales report closely. EUR/USD
Daily Pivots: (S1) 1.3052; (P) 1.3101; (R1) 1.3178; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
EUR/USD remains strong and rally from 1.2939 has extended to as high as 1.3149 so far, touching mentioned falling trend line resistance (1.3364 to 1.3296, now at 1.3146). As this point, intraday bias remains on the upside as long as EUR/USD stays above 1.3088 minor support. Further rally is expected to follow towards 61.8% retracement of 1.3364 to 1.2865 at 1.3173. Break will encourage further rise to 1.3296 resistance. Touching of 1.3088 will turn intraday outlook consolidative first. But downside should be contained above 1.3022 support and bring rally resumption.
In the bigger picture, decisive break of 1.3052/57 cluster resistance (38.2% retracement of 1.3364 to 1.2867 at 1.3057) indicates that the whole decline from 1.3364 has already completed at 1.2865. Also, it saves the case that medium term up trend from 1.1639 is still in progress with EUR/USD kept inside the medium term rising channel (lower channel at 1.2793 now). Break of 1.3296 resistance will indicate the rise from 1.2483 has possibly resumed and EUR/USD could make a new high above 1.3364 before finally making a top.
However, with bearish divergence condition in weekly MACD and RSI, upside of the current rise could be limited in the medium term. BUt a break below 1.2939 is needed to reinitiate short term bearishness first. Break below 1.2865 again will confirm that the whole fall from 1.3364 has resumed. In such case, focus will then be switched back to 1.2760 support and 1.2483 cluster support (50% retracement of 1.1639 to 1.3364 at 1.2502) again.
GBP/USD
Daily Pivots: (S1) 1.9507; (P) 1.9572; (R1) 1.9693; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
Cable remains firm today as rally from 1.9400 has extended to as high as 1.9648 so far. At this point, intraday bias remains on the upside as long as cable stays above 1.9581 minor support and further rise is expected to follow towards 1.9731 cluster resistance (61.8% retracement of 1.9913 to 1.9400 at 1.9717). Touching of 1.9581 will turn intraday outlook consolidative first. Also, since a short term low is formed at 1.9400 with 4 hours MACD turned above signal line, it will take a break below 1.9492 support indicate the rebound from 1.9400 has completed. Otherwise, short term risk remains on the upside.
In the bigger picture, since rising trend line support (1.8517 to 1.8834, now at 1.9604) was taken out, the rally from 1.8517 should have already completed at 1.9913. Hence, as long as cable stays below 1.9731 resistance, the fall from 1.9913 could still extend further and below 1.9400 again will encourage further decline towards 1.9237/61 cluster support (23.6% retracement of 1.7047 to 1.9913 at 1.9237).Also, bearish divergence conditions are being displayed in weekly RSI, daily MACD and RSI already, suggesting that the whole up trend from 1.7047 might have completed and downside focus is still on 1.9237/61 cluster support.
However, decisive break of 1.9731 will confirm that corrective fall from 1.9934 is merely a correction, or part of a consolidation, to the rally from 1.9571 only. In such case, cable should make another high above 1.9913 and attempt to meeting 2.0106 cluster resistance (1992 high, 100% projection of 17047 to 1.9024 from 1.8090 at 2.0067) before having a medium term reversal.
USD/CHF
Daily Pivots: (S1) 1.2351; (P) 1.2413; (R1) 1.2460; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/.
USD/CHF’s fall from 1.2550 has extended to as low as 1.2367 so far and is now pressing mentioned 1.2374 support. At this point, intraday bias remains on the downside as long as USD/CHF stays below 1.2427 minor resistance and further decline is still expected to follow. Also, as discussed before, decisive break of 1.2374 support will complete a head and shoulder top formation (with ls: 1.2547, h: 1.2571, rs: 1.2550) and could be an important indication of reversal. In such case, further decline will be expected towards 1.2268 support first.
On the upside, touching of 1.2427 will turn intraday outlook consolidative first. But upside should be limited by 1.2496 resistance and bring another fall. Also, it will take a break above 1.2571 high to indicate rally from 1.1878 has resumed. Otherwise, USD/CHF should only be in sideway consolidation at best in short term.
In the bigger picture, the major question is whether whole medium term down trend form 1.3283 has already completed at 1.1878. Focus is on mentioned medium term falling trend line (1.3283 to 1.2760, now at 1.2517) and 1.2268 support. Sustained break of 1.2268 resistance turned support will confirm that the whole rally from 1.1878 has completed after failing to break through mentioned medium term falling trend line. Also, weekly MACD will still be kept negative with daily MACD staying below signal line. This will favors the case that whole down trend from 1.3283 is still in force. In such case, deeper decline should be seen towards 1.2211 support and even further to retest 1.1878 low.
Meanwhile, sustained break of the mentioned trend line and 1.2571 resistance is needed to reinitiate short term bullishness. This will indicate that whole medium term down trend from 1.3283 has already completed at 1.1878. Further rally should then be seen towards 1.2768 cluster resistance(61.8% retracement of 1.3283 to 1.1878 at 1.2746) first.
USD/JPY
Daily Pivots: (S1) 120.49; (P) 120.92; (R1) 121.21; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
USD/JPY’s fall extends further to as low as 119.78 today, breaking marginally below 119.94 support. At this point, intraday bias remains on the downside as long as USD/JPY stays below 120.34 minor resistance and further decline is expected to follow towards 38.2% retracement of 114.41 to 122.17 at 119.21 before completing the consolidation that started at 122.17. Above 120.34 will turn intraday outlook consolidative first but it will take a break above 120.79 resistance to turn short term bias back to the upside. Otherwise further correction is still in favor.
In the bigger picture, with medium term up trend from 108.99 remains in force, favor is still on the case that rise from 108.99 represents resumption of long term up trend from 101.66. The preferred interpretation of the rise from 108.99 is that the first move has completed at 117.87. Subsequent price actions to 113.95, 119.86 and 114.41 is treated as interim consolidation that’s skewed upward by the rise to 119.86. Rise from 114.41 is treated as resumption of the whole up trend. With this interpretation, next upside target will be 100% projection of 108.99 to 117.87 from 114.41 at 123.29.
However, decisive break of 117.96 support will rise some doubt about this interpretation In such case, a deeper decline should follow to retest medium term rising channel (now at 116.51) first. A break of this channel will swing favors back to the case that another medium term decline should be seen towards 108.99 low before completing the whole long term consolidation that started at 121.38.
Forex News Digest
http://c.moreover.com/click/here.pl?r809202976
Thu, 15 Feb 2007 03:29:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809184271
Thu, 15 Feb 2007 03:07:00 GMT from Financial Times
http://c.moreover.com/click/here.pl?r809180082
Thu, 15 Feb 2007 03:03:00 GMT from Reuters
http://c.moreover.com/click/here.pl?r809166098
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809165737
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809165664
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809143126
Thu, 15 Feb 2007 02:20:00 GMT from AOL
http://c.moreover.com/click/here.pl?r809091279
Thu, 15 Feb 2007 01:31:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809071762
Thu, 15 Feb 2007 01:14:00 GMT from Reuters
http://c.moreover.com/click/here.pl?r809068466
Thu, 15 Feb 2007 01:12:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809048930
Thu, 15 Feb 2007 00:50:00 GMT from Bloomberg
http://www.actionforex.com/latest_news/latest_news/forex_news_20060323537/ Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD NZ Retail sales M/M Dec 0.70% 0.70% -0.20%
23:50 JPY Japan GDP Q/Q Q4 1.20% 0.90% 0.20% 0.10%
23:50 JPY Japan GDP annualised Q/Q Q4 4.80% 3.80% 0.80% 0.30%
23:50 JPY Japan GDP deflator Q4 -0.50% -0.50% -0.70%
00:01 GBP U.K. RICS hse price index Jan 28% 34% 37%
09:30 GBP U.K. Retail sales M/M Jan 0.20% 1.10%
09:30 GBP U.K. Retail sales Y/Y Jan 5.40% 3.70%
10:00 CHF Swiss ZEW index Feb N/A -10.8
13:30 USD U.S. Jobless claims 312 K 311 K
13:30 USD U.S. Empire state mfg index Feb 10.4 9.1
13:30 USD U.S. Export price index Jan 0.30% 0.70%
13:30 USD U.S. Import price index Jan -1.00% 1.10%
14:00 USD U.S. Foreign treasury buy Dec N/A 27.06B
14:00 USD U.S. Net capital flow Dec 60B 68.4 B
14:15 USD U.S. Capacity utilisation Jan 81.80% 81.80%
14:15 USD U.S. Industrial prod’n M/M Jan 0.20% 0.40%
15:00 USD Bernanke Testifies Before House Panel
17:00 USD U.S. Philadelphia Fed survey Feb 4 8.3
http://www.actionforex.com/general_information/forex_newsletters/forex_newsletter_200507301487/
No Comments yet
Sorry, the comment form is closed at this time.
Booyah Breakdown: It’s a Wash »It was a big week for the health care and biotech industries. With a change in power in Congress, the Democrats have launched their “100-hour plan,” which includes a focus on Medicare drug pricing and reversing the ban on stem-cell research. Also, California Gov. Arnold Schwarzenegger unveiled a plan for universal health care insurance for the country’s most populous state. On Thursday, a bill to reverse the ban on federal funding on research on new lines of embryonic stem...
Action Insight | Written by ActionForex.com | Jan 05 07 14:13 GMT | Forex Mid-Day Technical Report Dollar Surges on Solid Non-Farm Payroll Dollar rises strongly in early US session after a better-than-expected Non-Farm Payroll report which shows US economy added 167k jobs in Dec, comparing to consensus expectation of 100k. Nov’s job growth was also revised upward from 132k to 154k. Unemployment rate remains at 4.5%. These data is showing that the US job market is still resilient....
Daily Report: Yen Strengthens on Strong GDP, Dollar Remains Weak after Modest Bernanke
February 15, 2007 on 8:53 am | In |
Action Insight | Written by ActionForex.com | Feb 15 07 06:26 GMT |
Forex Daily Technical Report Yen Strengthens on Strong GDP, Dollar Remains Weak after Modest Bernanke
USD/JPY drops to one month low today on the back of yen strength on stronger than expected Japanese GDP data and dollar weakness after Bernanke disappointed dollar bulls in yesterday’s semi-annual testimony. Japanese GDP surged 1.2% qoq in Q4, coming in well above expectations of 0.9%. Annualized qoq growth was impressive at 4.8% comparing to expectation of 3.8%. Growth was driven by strong business investment and a rebound in consumer spending. The solid numbers today raises the expectation of a near term hike from BoJ. But still since the economy was pretty weak in most of 06, Q4’s strong growth could merely be just a result of pent up expenditure decisions. With inflation remains low, it will still be a close call for a March hike. Nevertheless, yen strengthens across the board on the news.
Dollar has been weak since last London session and further weakness was triggered by yesterday’s mixed retail sales report and first day of Bernanke’s semi-annual testimony to Congress. Markets have built up expectation for something hawkish from Bernanke, but dollar’s weakness was triggered immediately after Bernanke said that “there are some indications that inflation pressures are beginning to diminish.” The overall tone of Bernanke’s prepared remarks were rather neutral. Fed forecasts the economy to grow at a pace between 2.5% and 3.0% in 2007, which was revised down from 3.0% to 3.25%. Core PCE forecast was left unchanged at 2% to 2.25% which is still slightly above Fed’s comfort zone. Unemployment expectation was revised down from 4.75- 5% to 4.5-4.75%. Bernanke highlighted the strength of consumer spending even though housing has slowed but warned of the risk of secondary effects of housing slowdown on consumer spending. And he still moderation in growth and falling energy and commodity prices will bring down inflation pressure. Based on current outlook, the Fed will likely keep rates unchanged beyond first half unless there is some significant development that deviates from the current forecasts.
As for today, Bernanke will have his second day of testimony. A string of important US economic data will be released including Empire state index, import and export prices, TICs capital flow, capacity utilization, industrial production and Philly Fed survey. Even though Sterling has also rebounded on dollar’s weakness and a quarterly inflation report that suggest further rate hike is on card, the strength of Sterling was relatively weak as also displayed in EUR/GBP cross. Pound traders will look into today’s retail sales report closely. EUR/USD
Daily Pivots: (S1) 1.3052; (P) 1.3101; (R1) 1.3178; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
EUR/USD remains strong and rally from 1.2939 has extended to as high as 1.3149 so far, touching mentioned falling trend line resistance (1.3364 to 1.3296, now at 1.3146). As this point, intraday bias remains on the upside as long as EUR/USD stays above 1.3088 minor support. Further rally is expected to follow towards 61.8% retracement of 1.3364 to 1.2865 at 1.3173. Break will encourage further rise to 1.3296 resistance. Touching of 1.3088 will turn intraday outlook consolidative first. But downside should be contained above 1.3022 support and bring rally resumption.
In the bigger picture, decisive break of 1.3052/57 cluster resistance (38.2% retracement of 1.3364 to 1.2867 at 1.3057) indicates that the whole decline from 1.3364 has already completed at 1.2865. Also, it saves the case that medium term up trend from 1.1639 is still in progress with EUR/USD kept inside the medium term rising channel (lower channel at 1.2793 now). Break of 1.3296 resistance will indicate the rise from 1.2483 has possibly resumed and EUR/USD could make a new high above 1.3364 before finally making a top.
However, with bearish divergence condition in weekly MACD and RSI, upside of the current rise could be limited in the medium term. BUt a break below 1.2939 is needed to reinitiate short term bearishness first. Break below 1.2865 again will confirm that the whole fall from 1.3364 has resumed. In such case, focus will then be switched back to 1.2760 support and 1.2483 cluster support (50% retracement of 1.1639 to 1.3364 at 1.2502) again.
GBP/USD
Daily Pivots: (S1) 1.9507; (P) 1.9572; (R1) 1.9693; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
Cable remains firm today as rally from 1.9400 has extended to as high as 1.9648 so far. At this point, intraday bias remains on the upside as long as cable stays above 1.9581 minor support and further rise is expected to follow towards 1.9731 cluster resistance (61.8% retracement of 1.9913 to 1.9400 at 1.9717). Touching of 1.9581 will turn intraday outlook consolidative first. Also, since a short term low is formed at 1.9400 with 4 hours MACD turned above signal line, it will take a break below 1.9492 support indicate the rebound from 1.9400 has completed. Otherwise, short term risk remains on the upside.
In the bigger picture, since rising trend line support (1.8517 to 1.8834, now at 1.9604) was taken out, the rally from 1.8517 should have already completed at 1.9913. Hence, as long as cable stays below 1.9731 resistance, the fall from 1.9913 could still extend further and below 1.9400 again will encourage further decline towards 1.9237/61 cluster support (23.6% retracement of 1.7047 to 1.9913 at 1.9237).Also, bearish divergence conditions are being displayed in weekly RSI, daily MACD and RSI already, suggesting that the whole up trend from 1.7047 might have completed and downside focus is still on 1.9237/61 cluster support.
However, decisive break of 1.9731 will confirm that corrective fall from 1.9934 is merely a correction, or part of a consolidation, to the rally from 1.9571 only. In such case, cable should make another high above 1.9913 and attempt to meeting 2.0106 cluster resistance (1992 high, 100% projection of 17047 to 1.9024 from 1.8090 at 2.0067) before having a medium term reversal.
USD/CHF
Daily Pivots: (S1) 1.2351; (P) 1.2413; (R1) 1.2460; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/.
USD/CHF’s fall from 1.2550 has extended to as low as 1.2367 so far and is now pressing mentioned 1.2374 support. At this point, intraday bias remains on the downside as long as USD/CHF stays below 1.2427 minor resistance and further decline is still expected to follow. Also, as discussed before, decisive break of 1.2374 support will complete a head and shoulder top formation (with ls: 1.2547, h: 1.2571, rs: 1.2550) and could be an important indication of reversal. In such case, further decline will be expected towards 1.2268 support first.
On the upside, touching of 1.2427 will turn intraday outlook consolidative first. But upside should be limited by 1.2496 resistance and bring another fall. Also, it will take a break above 1.2571 high to indicate rally from 1.1878 has resumed. Otherwise, USD/CHF should only be in sideway consolidation at best in short term.
In the bigger picture, the major question is whether whole medium term down trend form 1.3283 has already completed at 1.1878. Focus is on mentioned medium term falling trend line (1.3283 to 1.2760, now at 1.2517) and 1.2268 support. Sustained break of 1.2268 resistance turned support will confirm that the whole rally from 1.1878 has completed after failing to break through mentioned medium term falling trend line. Also, weekly MACD will still be kept negative with daily MACD staying below signal line. This will favors the case that whole down trend from 1.3283 is still in force. In such case, deeper decline should be seen towards 1.2211 support and even further to retest 1.1878 low.
Meanwhile, sustained break of the mentioned trend line and 1.2571 resistance is needed to reinitiate short term bullishness. This will indicate that whole medium term down trend from 1.3283 has already completed at 1.1878. Further rally should then be seen towards 1.2768 cluster resistance(61.8% retracement of 1.3283 to 1.1878 at 1.2746) first.
USD/JPY
Daily Pivots: (S1) 120.49; (P) 120.92; (R1) 121.21; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/
USD/JPY’s fall extends further to as low as 119.78 today, breaking marginally below 119.94 support. At this point, intraday bias remains on the downside as long as USD/JPY stays below 120.34 minor resistance and further decline is expected to follow towards 38.2% retracement of 114.41 to 122.17 at 119.21 before completing the consolidation that started at 122.17. Above 120.34 will turn intraday outlook consolidative first but it will take a break above 120.79 resistance to turn short term bias back to the upside. Otherwise further correction is still in favor.
In the bigger picture, with medium term up trend from 108.99 remains in force, favor is still on the case that rise from 108.99 represents resumption of long term up trend from 101.66. The preferred interpretation of the rise from 108.99 is that the first move has completed at 117.87. Subsequent price actions to 113.95, 119.86 and 114.41 is treated as interim consolidation that’s skewed upward by the rise to 119.86. Rise from 114.41 is treated as resumption of the whole up trend. With this interpretation, next upside target will be 100% projection of 108.99 to 117.87 from 114.41 at 123.29.
However, decisive break of 117.96 support will rise some doubt about this interpretation In such case, a deeper decline should follow to retest medium term rising channel (now at 116.51) first. A break of this channel will swing favors back to the case that another medium term decline should be seen towards 108.99 low before completing the whole long term consolidation that started at 121.38.
Forex News Digest
http://c.moreover.com/click/here.pl?r809202976
Thu, 15 Feb 2007 03:29:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809184271
Thu, 15 Feb 2007 03:07:00 GMT from Financial Times
http://c.moreover.com/click/here.pl?r809180082
Thu, 15 Feb 2007 03:03:00 GMT from Reuters
http://c.moreover.com/click/here.pl?r809166098
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809165737
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809165664
Thu, 15 Feb 2007 02:43:00 GMT from Yahoo! Singapore
http://c.moreover.com/click/here.pl?r809143126
Thu, 15 Feb 2007 02:20:00 GMT from AOL
http://c.moreover.com/click/here.pl?r809091279
Thu, 15 Feb 2007 01:31:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809071762
Thu, 15 Feb 2007 01:14:00 GMT from Reuters
http://c.moreover.com/click/here.pl?r809068466
Thu, 15 Feb 2007 01:12:00 GMT from Bloomberg
http://c.moreover.com/click/here.pl?r809048930
Thu, 15 Feb 2007 00:50:00 GMT from Bloomberg
http://www.actionforex.com/latest_news/latest_news/forex_news_20060323537/ Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
21:45 NZD NZ Retail sales M/M Dec 0.70% 0.70% -0.20%
23:50 JPY Japan GDP Q/Q Q4 1.20% 0.90% 0.20% 0.10%
23:50 JPY Japan GDP annualised Q/Q Q4 4.80% 3.80% 0.80% 0.30%
23:50 JPY Japan GDP deflator Q4 -0.50% -0.50% -0.70%
00:01 GBP U.K. RICS hse price index Jan 28% 34% 37%
09:30 GBP U.K. Retail sales M/M Jan 0.20% 1.10%
09:30 GBP U.K. Retail sales Y/Y Jan 5.40% 3.70%
10:00 CHF Swiss ZEW index Feb N/A -10.8
13:30 USD U.S. Jobless claims 312 K 311 K
13:30 USD U.S. Empire state mfg index Feb 10.4 9.1
13:30 USD U.S. Export price index Jan 0.30% 0.70%
13:30 USD U.S. Import price index Jan -1.00% 1.10%
14:00 USD U.S. Foreign treasury buy Dec N/A 27.06B
14:00 USD U.S. Net capital flow Dec 60B 68.4 B
14:15 USD U.S. Capacity utilisation Jan 81.80% 81.80%
14:15 USD U.S. Industrial prod’n M/M Jan 0.20% 0.40%
15:00 USD Bernanke Testifies Before House Panel
17:00 USD U.S. Philadelphia Fed survey Feb 4 8.3
http://www.actionforex.com/general_information/forex_newsletters/forex_newsletter_200507301487/
No Comments yet
Sorry, the comment form is closed at this time.
Disputing Apple’s ‘Large’ Short Position »Your trade show exhibit is a direct, powerful reflection of the quality, image and service your company and its products offer. To be effective, the visual impact of your display must make a strong first impression and communicate your message in a matter of seconds to attract prospects to stop at your booth and learn more about your business. Getting Started As you begin considering the type, size, design and configuration of your trade show exhibit display, answer these questions: 1.What...