Yellow pages Forex

Dow поднимает 300 пунктов, вызывая поворот внутри носит торговли

Dow вновь собирался больше чем 500 пунктов над прошлые 2 дня торговли, вызывая острый отскок в всех японских крестах иен. Снесите торговли назад с vengeance, но вопросом на forefront каждого? разумы s будет продолжаться ли эта тенденция. Несомненно движение в Dow импрессивно, но USD/JPY борется для того чтобы вытерпеть свои увеличения над 110 которые предлагают что более дополнительные увеличения внутри носят торговли могут быть лимитированн. Это специально поистине с движения и в Dow и носит торговли было заправлено топливом ничего за исключением аппетита риска и самые последние отпуски США утверждают рынок? верование s что федеральный резерва нужно продолжать понизить процентные ставки. Кривый в шансе 92 процентов для тарифа 25bp отрезанным следующим оценивает месяцем последованным за возможностью другого квартального пункта отрезанного внутри первая четверти 2008. Первое испытание носят ли увеличения внутри торговли можно вытерпеть будет когда токио раскрывает для торговать tonight. Японское доверие промышленного производства и предпринимательства должно для отпуска этот вечер, но оно должно иметь значение немного к рынку сфокусированному на аппетите риска. Вместо, держите глаз на Китае. Вчера китайская газета предложила что правительство смогло расширить торгуя полосу или сделать другое одно с revaluation. Форами будут низкие, но непредвиденные случаи как эти точно вызывает большие движения в валютном рынке.

Доллар: Бежевый отчет о книги утверждает потребность для более далее облегчаться

С федеральный резерва at odds с ожидаемыми объемами сбыта, торговцы кренили дальше сегодня? отчет о книги s бежевый для того чтобы освободить воздух на более справедливо о внешнем виде для экономики США. Недавняя поданная риторика повсеместно с вчера? комментарии hawkish s от смещения Evans и Plosser комментариями dovish Kohn сегодня. Рынок на другой руке продолжался оценить в шансе рецессии и даже если мы не верим что рецессия произойдет, экономики США смог прийти очень close to он. This morning?s data indicates that weakness of the US dollar has done nothing to help the economy. Durable goods fell for the third consecutive month while existing home sales plummeted to eight year lows. Even the Beige Book painted a grim outlook with the various Fed districts reporting slower growth, little change in manufacturing, modest price pressures, depressed real estate markets and a slow holiday shopping season. The only reason why US stocks and carry trades are higher is because the market expects the Federal Reserve to lower interest rates and they are pricing in the expected benefits. Third quarter GDP and New home sales are due for release tomorrow. The forecasts for GDP are very high, which means that it won?t take much to surprise to the downside.

Euro Sees Strong Intraday Reversal

Having fallen to a low of 1.4712 intraday, the reversal in the EUR/USD was nothing short of impressive.? US and Eurozone economic data continued to surprise in opposite directions, leading us to believe that the currency pair still has a chance of testing 1.50.? M3 which is an inflation measure came out slightly stronger than expected, Italian retailer confidence was also stronger and even though the German Gfk consumer confidence survey was softer, the revision to the prior month?s number puts it right in line with expectations.? Tomorrow we are expecting another laundry list of economic data from the Eurozone including German unemployment, retail PMI and producer prices.? Most of these reports should surprise to the upside as the strength of the Euro fails to put a meaningful dent on the Eurozone economy.? Meanwhile in Switzerland, the KoF leading indicator was also much stronger than expected, but that did not prevent the Swiss franc from falling against the Euro as renewed risk appetite sweeps the currency pair higher.?

British Pound Rallies on BoE Comments

The British pound rallied against both the US dollar and Euro thanks to the strong demand for high yielding currencies and hawkish comments from Bank of England policymaker Sentence.? Although many people believe that a rate cut by the BoE is a done deal, Sentance?s comment that setting monetary policy in the months ahead will be a particularly challenging task suggests that the central bank has not made up its mind.? Like his other counterparts, he was worried about the upside risk to inflation and the downside risk to growth.? Unfortunately tomorrow?s data will not give traders any new information on where the greater pressure lies since the market has already discounted a further deterioration in the housing market and Nationwide house prices and mortgage approvals are expected to confirm that.?

Australian, New Zealand and Canadian dollars Unfazed by Weaker Commodity Prices

The Australian, New Zealand and Canadian dollars are stronger across the board despite a drop in commodity prices.? With no economic data released other than mixed Australian reports, the primary driver of commodity price strength is risk appetite.? The breakouts in the Australian and New Zealand are impressive and judging from the price action, we could see further gains.? USDCAD however is still holding above Tuesday?s low which means that there is a decent chance for a bounce.? We have a lot of important Canadian economic data due out over the next 48 hours.? Tomorrow we are expecting the current account and raw material prices both of which are directly impacted by the level of the Canadian dollar.? We expect these numbers to be weaker which could trigger the bounce in USDCAD.? New Zealand has money supply and business confidence due for release.? Building permits dropped -4.3 percent, but the change from the prior month should not be significant enough to offset the strong retail sales and PPI numbers that we have seen in the past few weeks.

Written by Kathy Lien, Chief Strategist

Source: DailyFx