•  
  • New York 14:27
  • London 18:27
  • Barcelona 19:27
  • Tokyo 03:27
  • Sydney 05:27
  • SignUp | Login

US Morning Notes

USD lower, Russia expects creation of a global currency

Tue, Jun 16 2009, 12:35 GMT
by Michael J. Malpede

Easy Forex  |  View company's profile


FX Highlights

  • USD is trading lower pressured by a rally in crude prices above $72 a barrel, upgrade of Japan's economic outlook, better than expected German ZEW economic sentiment report, higher than expected UK CPI and a statement from Russian President that the world will see the creation of a supranational currency, focus turns to US PPI and housing starts

  • BOJ elects to hold monetary policy unchanged and raises economic assessment, Japan's Finance Minister Yosano says he is convinced the USD will remain the world's key reserve currency, BOJ Shirakawa says that recent rate rise reflects market hope that the economy is bottoming, JPY higher

  •  EU May inflation rises 0.1%, German June ZEW economic sentiment rises to 44.8 from 31.1 last month, a reading of 35 was expected, current conditions fall to -89.7 from 92.8, a reading of 92.8 was expected, ZEW economists say that the German recession is nearing its lowest point, EUR higher

  • UK May CPI rises more than expected reported up 0.6%, GBP higher, GBP trades to new 2009 high versus the EUR as the ECB warns on banks, the ECB says EU banks may have to write down another 283 bln

  • RBA minutes for the June policy meeting indicates there is no need for further policy action at this time and lower inflation affords room to ease if necessary, AUD higher

  • US May credit card defaults rise to a record level

  • June NAHB index falls one point to 15 from 16 last month a reading of 17 was expected, this was the first decline since January

  • US equity markets set to open mixed, European equities higher, Nikkei closed 286 points lower


Upcoming Events

  • US-Tuesday, May PPI is due for release expected to rise 0.6% compared to 0.3% last month along with May housing starts which are expected to rise to 490K from 450K last month and May industrial production expected to fall 0.9% compared to -0.5% last month and May capacity utilization expected at 68.4% compared to 69.1% last month

  • CAN-Tuesday, Q1 labor productivity will be released expected to fall 0.3% compared to -0.4% last quarter


Archive


Legal disclaimer and risk disclosure

Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products Risk Disclaimer: The risk disclaimer is meant to inform the user of the potential financial risks of engaging in foreign exchange trading. The transaction of such financial instruments known as forex, fx, 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 Advanced currency markets Easy-Forex LTD (herewith expressed as Easy-Forex) and indeed any other firm offering similar services, a user should carefully evaluate whether his/her financial situation is appropriate. Trading foreign exchange may result in substantial loss of funds and/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 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 fx 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. Trading on-line, no matter how convenient or efficient it may be, does not necessarily reduce the risks associated with foreign exchange trading, and Easy-Forex does not accept any responsibility towards any customer, member or third party, acting on such information contained on the web site as to the accuracy or delay of information such as quotations, news and charts derived from quotations.
Vote:

8

0

Related reports

Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT

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

EUR/USD: No time for reversal yet by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 15:27 GMT

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

Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT

indicator, eurusd, eur, russia, stocks

[ View All ]

Related content

Forex: EUR/USD ends week below 1.3550, first time in 10-months
FXstreet.com | Fri, Mar 19 2010, 20:31 GMT

Indices: FTSE closes with loses, correction
FXstreet.com | Fri, Mar 19 2010, 16:39 GMT

Forex: EUR/USD finds support at 1.3500
FXstreet.com | Fri, Mar 19 2010, 16:24 GMT

Forex: CAD suffers Greenback strength
FXstreet.com | Fri, Mar 19 2010, 16:03 GMT

Forex: EUR/GBP retakes 0.9000
FXstreet.com | Fri, Mar 19 2010, 15:44 GMT

indicator, eurusd, eur, russia, stocks

[ 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.