FXstreet.com

US Morning Notes

This report has been deactivated

2

0

USD & JPY higher, BOJ to end corporate bond purchases

Fri, Oct 30 2009, 12:34 GMT
by Michael J. Malpede

Easy Forex


FX Highlights

  • The USD is trading higher as the global equity market rally slows and investors try to assess risk, the BOJ leaves monetary policy unchanged and will end corporate bond purchases, EU inflation remains negative and unemployment rises, Fitch downgrades seven UK building societies, Swiss KOF rises more than expected, Australia's private sector credit falls

  • Focus turns to today’s release of US personal income and consumption, Chicago PMI and Michigan sentiment and Canada’s GDP

  • BOJ leaves rate policy unchanged, will end corporate bond and commercial paper purchases in December, Japan's core CPI falls 2.3% y/y, September unemployment falls to 5.3%, September household spending rises 0.1% housing starts fall 37% y/y, October manufacturing PMI falls to 54.3 from 54.5 in September, JPY higher

  • UK October GFK consumer confidence rises 3 points to -13, Fitch downgrades seven UK building societies, GBP lower

  • Australia's September private sector credit falls 0.2%, AUD lower

  • EU October CPI falls 0.1%, September unemployment rate rises to 9.7 from 9.6, EUR lower

  • Swiss October KOF rises to 1.45 from 85 last month, CHF lower

  • Treasury Secretary Geithner calls for an extension of the homebuyer tax credit which is scheduled to expire on December 1st and says the US economy in the early stages of recovery but risks remain

  • US equity markets set to open lower, European equities mixed, Nikkei closed 144 points higher 


Upcoming Events

  • US – Friday, September personal income and consumption will be released expected at 0.1% and -0.5% respectively along with October Chicago PMI expected at 49.1 compared to 46.1 last month and final Michigan sentiment expected unchanged at 69.4

  • CAN – Friday, August GDP will be released expected at 0.1%

Published on  Fri, Oct 30 2009, 12:36 GMT


Archive

Easy Forex  | P.O. Box 53742. Limassol 3317
http://www.easy-forex.com | info@easy-forex.com

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.

Related reports

Daily Forex and Dow Jones Recommended Levels FXtechtrade
Tue, Nov 24 2009, 06:09 GMT

Technical Market Commentary - Technical Market Commentary India Forex Advisors
Tue, Nov 24 2009, 05:58 GMT

Daily FX Forecast S.A.F.E. Ltd
Tue, Nov 24 2009, 05:51 GMT

Market Morning Briefing - Market Morning Briefing Kshitij Consultancy Service
Tue, Nov 24 2009, 05:45 GMT

Currency Trading News - US Dollar, Japanese Yen Slump as 10% Rise in US Home Sales Stokes Risk Appetite DailyFX
Tue, Nov 24 2009, 05:35 GMT

kof, gdp, pmi, equities, cpi, usdjpy

Related content

Forex: USD/JPY below 90.00
FXstreet.com | Tue, Nov 24 2009, 03:40 GMT

Yen crosses sold into Tokyo fix
Forex Live | Tue, Nov 24 2009, 01:10 GMT

USD/JPY still fighting the 89.00 level
FXstreet.com | Tue, Nov 24 2009, 00:23 GMT

Early Tokyo keen to sell JPY crosses
Forex Live | Tue, Nov 24 2009, 00:12 GMT

USD/JPY: tied in between orders at 88.60/89.20
Forex Live | Mon, Nov 23 2009, 22:14 GMT

kof, gdp, pmi, equities, cpi, usdjpy

View All

Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account		City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account		Interbank FX, LLC
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.