日本語
Español
中文
Русский 
- New York 00:09
- London 05:09
- Barcelona 06:09
- Tokyo 14:09
- Sydney 16:09
EMEA Daily
3
0
The EMEA FX markets were on the soft side on Thursday
Fri, Nov 20 2009, 06:14 GMT
by Lars Christensen
Review
-
Polish industrial production in October came out better than expected when it fell by just 1.2% y/y in October, which was much less than we and the consensus expected. October’s industrial production numbers consequently confirmed continued recovery in the Polish manufacturing sector.
-
The Czech central bank board member, the Vice Governor Miroslav Singer, who voted for further reduction in interest rates at the last two monetary policy setting meetings, said on Thursday that strengthening of the CZK is one of the risks to the central bank’s inflation target and he would welcome looser monetary conditions than those that are in place now. His comments clearly indicates that he is likely to vote for a 25 basis points rate reduction again at December’s monetary policy setting meeting. The door for further rate cuts is still open.
Preview
- A rather quite day in terms of economic data. It should be worth noting the release of the quarterly unemployment rate in Latvia. In Poland core inflation for October is due for release today.
Trading update
-
The EMEA FX markets were on the soft side on Thursday. The South African rand was especially weak. But rather than driven by domestic news the EMEA FX tracked EUR/USD development.
-
The short-end of the Czech money market rates came down about 10-15bp yesterday, as the market started to price in a 25bp cut to 1% at the monetary setting meeting in December.
Published on Fri, Nov 20 2009, 06:14 GMT
Archive
- The EMEA FX markets were on the soft side on Thursday
Published On Fri, Nov 20 2009, 06:14 GMT - The Turkish rate decision later today is the key event of the day
Published On Thu, Nov 19 2009, 06:11 GMT - Fairly eventful day in terms of economic data in the EMEA region
Published On Wed, Nov 18 2009, 06:13 GMT - Today, focus will turn to the South African rate decision
Published On Tue, Nov 17 2009, 06:14 GMT - Polish inflation dropped to 3.1% in October from 3.4% y/y in September
Published On Mon, Nov 16 2009, 06:20 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT
Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT
Related content
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT
Forex: EUR/USD ends week with moderate losses
FXstreet.com | Fri, Nov 20 2009, 21:27 GMT
Canada Afternoon: C$ Ends Lower Amid Subdued Risk Sentiment
Dow Jones | Fri, Nov 20 2009, 21:12 GMT
ForexLive New York wrap-up: EUR/USD bounces after 1.4800 attack
Forex Live | Fri, Nov 20 2009, 20:58 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.