FXstreet.com

Weekly Market View

This report has been deactivated

25

2

Fear and Uncertainty in the Markets

Fri, Nov 14 2008, 14:45 GMT
by Guillermo Alcalá

FXstreet.com


FXstreet.com International Traders Conference

ITC Barcelona 09 - Oct. 14-16 with Rob Booker, Valeria Bednarik, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
The week we leave behind has been a week marked by fear and uncertainty in the markets, the uncertain economic situation has affected particularly the British Pound which has plunged to historical lows against the yen, reaching levels around 140. Against the Dollar, the Pound has plunged below the 1.5 level and the EUR/GBP has reachd the 0.85 level.

This weekend, attention will be focused in the G20 meeting, aimed to find ways to find out solutions against the global crisis, although the level of expectations surrounding teh event are rather low.

In the macro economic domain last week we have seen the Europeasn Union entering into recession fotrr the first time since tihe Union was created, while Te ECB's monthly report warned the unusually high level of uncertainty economy is going through, while stating the decline of consumer spending and its consequences over the manufacturing sector.

Next week we have got several important events to check out:


Sunday Nov 16

  • G 20 Meeting
  • 23:50: Japan Gross Domestic Product - 3Q (Previous: -0.7%; annualized: -3%)
  • 23:50: Japan Tertiary Industry Index - September (Previous: -1.4%)

Monday Nov 17


  • 00:01: United Kingdom Rightmove House Price Index - October (Previous: 1% m/m; -4.9% y/y)
  • 10:00: European Monetary Union Trade Balance - September (Previous: -EUR9.3B)
  • 13:30: United States NY Empire State Manufacturing Index - November (Previous: -24.62)
  • 14:15: United States Industrial Production - October     (Previous: -2.8%)

Tuesday Nov 18

    
  • 00:30: Australia RBA Meeting's Minutes - November
  • 05:00: Japan Leading Economic Index - September (Previous: 89)
  • 08:15: Switzerland Adjusted Real Retail Sales - September (Previous: 0%)
  • 09:30: United Kingdom Consumer Price Index - October (Previous: 0.5% m/m; 5.2% y/y)
  • 09:30: United Kingdom Retail Price Index - October(Previous: 0.6% m/m; 5.0% y/y)
  • 13:30: United States Producer Price Index - October (Previous: -0.4% m/m; 8.7% y/y)
  • 14:00: United States Net Long-term TIC Flows - September (Previous: $14B)
  • 21:45: New Zealand Producer Price Index - 3 Qtr (Previous: Output 3.5%; input 5.6%)
  • 23:50: Japan All Industry Activity Index - September (Previous: -1.8%)

Wednesday Nov 19


  • 09:30: United Kingdom Bank of England Minutes
  • 13:30: Canada Canadian Investment in Foreign Securities - September (Previous: C$0.172B)
  • 13:30: Canada Foreign investment in Canadian securities - September (Previous: C$0.73B)
  • 13:30: Canada Leading Indicators - October (Previous: -0.2%)
  • 13:30: United States Consumer Price Index - October (Previous:  4.9% Y/Y; core CPI: 2.5% Y/Y)
  • 13:30: United States Housing Starts - October (Ptrevious: 0.817M)
  • 19:00: United States FOMC Minutes
  • 23:50: Japan Adjusted Merchandise Trade Balance - October (Previous:  ¥33B)

Thursday November 20


  • 07:00: Germany    Producer Price Index - October (Previous: 0.3% m/m; 8.3% y/y)
  • 07:15: Switzerland Trade Balance - October (Previous:     1.44B)
  • 09:30: United Kingdom Retail Sales - October (Previous: -0.4% m/m; 1.8% y/y)
  • 15:00: United States Philadelphia Fed Manufacturing Survey - November (Previous: -37.5)
  • 15:00: United States Leading Indicators - October (Previous:     0.3%)
  • n/a:   United States Treasury Secretary Paulson speaks

Friday November 21

    
  • n/a: Japan BoJ Interest Rate Decision
  • n/a: Japan BoJ Press Conference  
  • 08:30: Germany    Flash Purchasing Manager Index Manufacturing - November (Previous: 42.9)
  • 09:00: European Monetary Union    Flash Purchasing Manager Index Manufacturing - November (Previous: 41.1)
  • 11:00: Canada    Consumer Price Index - October (Previous: 3.4% y/y; Core CPI: 1.7% y/y)


Archive

FXstreet.com  | Portaferrissa 7, 1r 2a, Barcelona 08002, Catalonia - Spain
http://www.fxstreet.com | forex@fxstreet.com



Interested in forex trading? forex brokerage firms!


NordMarkets.com
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account
IG Markets
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.