http://www.fxstreet.com/fundamental/market-view/weekly-observatory/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-11-18.htmlEconomic and Financial Market Highlights Exports in Asia continue to contract as external demand remains weak and slow to recover. Industrial production however, seems to be recovering as output figures in India and China revealed although this trend is not widespread in emerging Asia. Meanwhile, Hong Kong’s economy expanded once more in the third quarter although the GDP figures were below the market’s expectation while Indonesia’s economy grew robustly for the second consecutive quarter.Wed, 18 Nov 2009 09:46:51 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-11-18.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-11-03.htmlEconomic and Financial Market Highlights Factory output figures in Korea and Thailand for September showed that manufacturing has expanded on both yearly and monthly terms. Furthermore, Japan’s industrial output shrank at its slowest pace in 11 months over the same month last year and has expanded from August. The only exception to this improving trend was Singapore, where industrial production accelerated its decline. Meanwhile, Korea published robust GDP growth for the third quarter whileTue, 03 Nov 2009 08:57:30 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-11-03.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-09-15.htmlEconomic and Financial Market Highlights Exports continue to tumble across the Asia Pacific region. China, Taiwan, Japan, Malaysia and Philippines all recorded sharp contraction on yearly exports although month-on-month, all except Philippines and China registered higher export figures. Industrial output expanded in India and China albeit contracted slightly in Malaysia while retails sale shrank in Australia and swelled in China. Consumer confidence has picked up in Japan, Thailand andTue, 15 Sep 2009 10:48:12 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-09-15.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-07-06.htmlEconomic and Financial Market Highlights (29th of August – 4th of September 2009) With most of the Q2 09 GDP reports and key data releases out of the way in Asia, positive surprises in the domestic economic activity are the common trend after the sharp declines seen in Q1. Australia, India and Korea reported stronger growth than forecast. China and Singapore’s PMI readings in July reached recent peaks above the 50-mark, while industrial output in Japan and Korea continued rising on the monthMon, 06 Jul 2009 06:49:39 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-07-06.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-05-25.htmlConsumer Confidence (May, Tuesday 10:00 ET) F: 41.5 C: 43.0 P: 39.2 Consumer confidence is expected to increase further for the third month in a row as people react to recent positive economic data. Nevertheless, the index’s level will still come in far below the historical average of 96.5, indicating that confidence remains weak. An increase in confidence could be a good sign for consumer spending because people will spend more as their outlook of the future improves. Durable Goods OrdersMon, 25 May 2009 09:43:46 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-05-25.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-05-11.htmlTrade Balance (March, Tuesday 8:30 ET) F: -$30.0bn C: -$29.2bn P: -$26.0bn In March, the trade balance is expected to widen after contracting for the past seven months. Demand for both imports and exports is expected to remain weak as domestic consumers continue to reduce spending in response to the ongoing weak economy and demand falters abroad as the recession spreads throughout the world. However, import prices rose in March due to a 22.6% spike in oil prices, which could translate into anMon, 11 May 2009 09:13:22 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-05-11.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-04-20.htmlLeading Indicators (March, Monday 10:00 ET) F: -0.3% C: -0.2% P: -0.4% March’s leading indicators index is expected to decrease further, indicating that the economy continues to be weak. The index is expected to be pulled down by the increase in average initial jobless claims, the decrease in average weekly hours, the fall in building permits and the expected decline in durable goods orders. However, the rise in the S&P500 and the small increase in consumer confidence are expected to haveMon, 20 Apr 2009 07:47:44 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-04-20.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-04-15.htmlHeadline and Core Producer Price Index (March, Tuesday 8:30 ET) F: 0.6%, 0.3% C: 0.0%, 0.1% P: 0.1%, 0.2% Core producer prices are expected to continue to increase steadily, but at a low rate. Even though there is evidence that weakening demand could be putting downward pressure on the prices of crude and intermediate goods, the prices of final goods are expected to remain steady because wages, the producer’s primary cost, are still rising. Headline producer prices, however, are expected toWed, 15 Apr 2009 06:12:58 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-04-15.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-03-02.htmlManufacturing ISM (Feb, Monday 10:00 ET) F: 33.3 C: 34.0 P: 35.6 Negative readings in new durable goods orders for the second month in a row show that manufacturing activity remains weak. This trend is largely influenced by a hold on production in the auto sector, whereby weak demand has driven manufacturers to reduce activity and close plants. We expect the ISM Manufacturing Productivity Index to remain low at 33.3, well below its break even point at 50, indicating further contraction inMon, 02 Mar 2009 10:26:49 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2009-03-02.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-08-11.htmlRetail & Food Services Sales (July, Wednesday 8:30 ET) F: 0.0, 0.4%    C: 0.1, 0.5%      P: 0.1, 0.8% We expect July’s retail sales to remain unchanged from the previous period. Consumers continue diverting spending into nondurable goods away from big ticket items. In fact, in July auto sales tumbled to 12.6 million, their lowest level in 12 years and 2007. While the tax rebates probably helped to ease some pressures, the magnitude of this additionalMon, 11 Aug 2008 13:06:06 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-08-11.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-08-05.htmlFOMC Monetary Policy Announcement (Tuesday 14:15 ET) Fed Funds Forecast: 2.0%     C: 2.0%     P: 2.0% We expect the FOMC to maintain its current policy stance by keeping rates at 2% while committing to fight long term inflationary risks. We therefore expect the Board to announce no bias, with increasing inflationary and growth risks balancing each other. Some members have recently expressed their willingness to initiate a rate hike, even if only toTue, 05 Aug 2008 09:33:30 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-08-05.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-07-28.htmlConsumer Confidence Index (July, Tuesday 10:00 ET) F: 49.0     C: 50.0     P: 50.4 Increasing concerns about the economy have been stirred by rising foreclosures, increasing job losses, and high commodity prices. As a result, the Conference Board Index of Consumer Confidence probably declined further in July. We expect it to come at 49.0, the lowest reading since February 1992. Late in July, oil prices decreased notably; if this becomes a trend, theMon, 28 Jul 2008 08:03:27 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-07-28.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-07-07.htmlImport Price Index (June, Friday 8:30) F: 1.6% C: 1.8% P: 2.3% Rising energy prices and dollar weakness continue to boost import prices. On a year-over-year basis, import prices have risen at double digits rates, reaching 17.8% in May, the highest since April 1989. Higher import prices inflation posse an important risks to core CPI outlook. However, this risk may be counterbalanced by the current economic downturn. Pending Home Sales (May, Tuesday 10:00) F: -2.2% C: -2.5% P: 6.3% In line withMon, 07 Jul 2008 08:13:24 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-07-07.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-06-30.htmlNon Farm Payroll and Unemployment rate (June, Thursday 8:30) F: -85K     5.3%     C: -50K     5.4%    P: -49K     5.5% Last month’s payroll data and unemployment rate were seemingly contradictory. While no one was surprised by the non-farm payroll data released (which showed that May’s total non farm payrolls had decreased by 40,000), May’s unemployment rate came out unexpectedly high. The reason to this apparentMon, 30 Jun 2008 08:20:51 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-06-30.htmlhttp://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-06-23.htmlFed Funds Forecast: 2.0% C: 2.0% P: 2.0% In its next meeting the FOMC will probably maintain rates at 2%. Uncertainty has intensified on both sides of the Fed’s equation. On the one hand, the economy still faces downside risks due to the fact that financial markets remain under considerable stress. On the other hand, inflationary pressures – coming mainly from large increases in oil and food prices- have intensified and headline inflation has accelerated both for PPI and CPI. Although coreMon, 23 Jun 2008 13:20:52 GMThttp://www.fxstreet.com/fundamental/market-view/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/market-view/weekly-observatory/2008-06-23.html