•  
  • New York 19:54
  • London 23:54
  • Barcelona 00:54
  • Tokyo 08:54
  • Sydney 10:54
  • SignUp | Login

Daily Currency Report

USDJPY and Yen crosses somewhat subdued

Mon, Nov 16 2009, 11:08 GMT
by John Clarke

ODL Securities  |  View company's profile


Vote:

4

0

Indication of higher demand for commodities gives investors further hope that the recovery is in full swing. This is prompting investors to buy higher risk currencies, allowing the Euro to gain on the USD.

The dollar trades heavy during Asia on reports that China is not ready to allow the CNY to strengthen just yet. EURUSD only respite from buying interest was when EURJPY was sold for the Tokyo fix. Gold continues its upward move testing the 1134 target zone, trades as high as 1131.00. USDJPY and Yen crosses somewhat subdued.


Market News 

  • US Retail Sales numbers are due to be released later today and is expected to show a slight improvement on the previous month 

  • UK CPI numbers are due for release on Tuesday, and US CPI is set to be released the following day


Major Economic News

TIMEMARKET DATA
1330US Retail Sales

*Note all time are GMT.


Archive


Legal disclaimer and risk disclosure

Derivatives are volatile instruments and in certain circumstances it is possible to lose more than your initial investment. Derivatives are not always suitable for everyone and you should consult your financial adviser before dealing.
Vote:

4

0

Related reports

USD higher, Greek debt worries, India hikes rates by Easy Forex
Fri, Mar 19 2010, 18:04 GMT

Stock Traders focusing on Quadruple Witching by ForexHound.com
Fri, Mar 19 2010, 14:36 GMT

U.S. Dollar strengthens Overnight; Risk Aversion Highlighted by ForexHound.com
Fri, Mar 19 2010, 14:26 GMT

Technical Summary for Majors by Windsor Brokers Ltd
Fri, Mar 19 2010, 14:14 GMT

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 13:40 GMT

eurjpy, fundnew, usdjpy

[ View All ]

Related content

Forex: USD/JPY pulls back to 90.35
FXstreet.com | Fri, Mar 19 2010, 18:42 GMT

Forex: Yen jumps against European currencies
FXstreet.com | Fri, Mar 19 2010, 15:07 GMT

Forex: USD/JPY upside attempt capped at 90.70 resistance again
FXstreet.com | Fri, Mar 19 2010, 14:21 GMT

Forex: USD/JPY rises to fresh daily highs
FXstreet.com | Fri, Mar 19 2010, 13:26 GMT

Forex: EUR/JPY developing a double top around 125.20 - V. Bednarik
FXstreet.com | Fri, Mar 19 2010, 12:22 GMT

eurjpy, fundnew, usdjpy

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.