- 
- 
- 
Welcome,
Guest!
TechnicalCentral BanksForex Brokers
Trading Tools |
US Inflationary data strengthen dollar. Japanese business sentiment at 2 year lows.
0
votes
U.S. Dollar Trading (USD) continued to strengthen against a basket of majors as inflation data reports on Friday signaled the biggest increase seen in two years prompting speculators to trim bets that the Federal Reserve would look to cut rates any further. Core CPI data was released above expectations at 0.3%/2.3% (Forecast: 0.2%/2.3%) whilst markets played on Headline data confirming a rise by 0.8%/4.3% (Forecast: 0.6%/4.1%; Previous: 0.3%/3.5%) ensuring that futures markets pricing in a 100% chance of a rate cut in January declined rapidly to 82% for a 25 basis point cut. In U.S share markets the NASDAQ fell by -32.75 points (-1.23%) whilst the Dow Jones was also down -178.11 points (-1.32%). Crude oil fell on Friday as fears that rising inflation was causing stagflation, preventing the Federal Reserve loosening their monetary policy. Crude fell by US$0.98 a barrel to US$91.27. Looking ahead, the US begins a heavy data week with the release of TIC flows, Current Account, and NY Fed Manufacturing Survey all released on Monday. The Euro (EUR) ended the weak down 1.5% against the USD, its largest weekly decline since August 2007, on views that rising consumer prices would prevent the Federal Reserve from easing rates in the near term. In Eurozone specific data, the HICP was released flat on consensus. The EURUSD traded with a low of 1.4412 and a high of 1.4656 before closing the day at 1.4425 in the New York session. Looking ahead, PMI Manufacturing and Services will be released out of the Eurozone on Monday with analysts predicted figures of 52.5 and 53.9 respectively for the month of December. The Japanese Yen (JPY) lost significant ground on the USD following the biggest increase in US consumer inflation in the last two years, caused investors to trim their USD shorts. Tankan reports on Friday did little to give the Yen any added boost, confirming its lowest reading in Business Sentiment in two years at 19 (Forecast: 21; Prior: 23). The Japanese Yen lost 1.1% versus the dollar trading with a low of 112.22 and a high of 113.59 before closing the session at 113.38. The Sterling (GBP) lost plenty of ground on Friday as demand for the UK currency failed to respond for a second day to combined action by central banks to ease a year-end credit squeeze. Overall the GBPUSD traded with a low of 2.0150 and a high of 2.0448 before closing the day at 2.0154 in the New York session. The Australian Dollar (AUD) slumped considerably on Friday following buoyant data out of the US. The Aussie Dollar was supported in the early part of the Asian session as Business Sentiment in Japan had slowed to its lowest level in 2 years, coupled with the RBA injected 700 million (AUD) in an attempt to prompt borrowing between other investment organizations, prompted traders to build on their high yielding carry trades. The moves were short lived however on the back of a broadly stronger US dollar. Overall the AUDUSD traded with a low of 0.8607 and a high of 0.8795 before closing the session at 0.8615. Gold (XAU) eased to a week low as demand for the dollar eroded appeal for precious metals. Declines in oil prices also attributed to further downside moves on, with XAU traded with a low of 788.30 and a high of 803.50
Euro – 1.4395 Next Analysis:
Content Provided by:
Easy Forex
Easy-Forex™ Trading Platform, founded by a group of bankers, Forex and Internet experts, offers Forex traders direct access to the global currency markets. Easy-Forex™ revolutionary Online FX trading platform is the first online FX trading system allowing clients to deal Forex as a ...
Disclaimer:
The information and data entailed in this website or otherwise made accessible to you on this website are provided to Easy-Forex™ by a third party provider. Such information and/or data are made accessible for informative purposes only and they can under no circumstances be considered as a recommendation to you by Easy-Forex™ or any Easy-Forex™ personnel to engage in any trade. Hence, neither Easy-Forex™ nor any of its personnel can under any circumstances be held responsible for any outcome of trading decisions or trades in regard to any of such information and/or data. You hereby acknowledge that accessing and reviewing any of such information and/or data and/or using any of the information entailed in this website or otherwise made accessible to you on this website is your sole responsibility and at your own risk and you will have no claims with regards to any such information and/or data against Easy-Forex™ or any of its personnel. If you are unable to agree to this, you should not access and/or make use of any such information and/or data. Easy-Forex™ endorses responsible and moderate trading. Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone and we would like to recommend you not to risk any money, you cannot afford to lose. The transaction of such financial instruments known as Forex, fx, or currency, and dealt on a valued basis known as 'spot' or 'forward', 'day trading' and 'option', can contain a substantial degree of risk. Before deciding to undertake such transactions with Easy-Forex™, and indeed, any other firm offering similar services, a user should carefully evaluate whether his/her financial situation is appropriate for such transactions. Trading foreign exchange may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital. The definition of risk capital is funds that are not necessary to the survival or well being of the user. Easy-Forex™ strongly recommends that a user, who is considering trading foreign exchange products, read through all the main topics contained in the Easy-Forex™ website so that he/she may obtain a clear and accurate understanding of the risks inherent to ‘forex’ trading. Opinions and analysis on potential expected market movements contained within the Easy-Forex™ website are not to be considered necessarily precise or timely, and due to the public nature of the Internet, Easy-Forex™ cannot at any time guarantee the accuracy of such information. Information provided on this website is intended solely for informational purposes and is obtained from sources believed to be reliable and accurate. Information is in no way guaranteed. Easy-Forex™ and the Easy-Forex™ logo are trademarks and/or registered trademarks of Easy-Forex™ in the United States and/or other countries.  Related Products  Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
 Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
||
|
||
How many analyses do you read on daily basis? |
||
 |
||
|
