
1

0
Daily Market Outlook
Fri, Nov 6 2009, 00:26 GMT
AceTrader
Market Review - 05/11/2009 21:57
All times in GMT
Dollar ends little changed ahead of U.S. job dataThe
dollar ended mixed against major currencies on Thursday as investors
closed positions and stayed on the sidelines a day before release of
the key U.S. jobs data. The Labour Department reported that U.S. weekly
jobless claims fell to a 10-month low of 512,000, well below the
economists' forecast of 523,000 and revised 532,000 for the previous
week. The greenback rebounded strongly against the Japanese yen on
renewed risk appetite as the decline in weekly jobless claims provided
more evidence that recovery is still in progress.
Earlier
in Asian session, euro retreated on long-liquidation. The single
currency rose from its intra-day low of 1.4811 after European Central
Bank president Jean-Claude Trichet said that the latest eurozone
economic data showed improvement in growth in the second half of 2009
and saw gradual recovery in 2010. ECB left interest rates unchanged at
1.0% and the single currency hit a one-week high at 1.4918 in New York
morning before easing. Eurozone retail sales dropped unexpectedly by
0.7% m/m and 3.6% y/y in September versus economists' forecast of 0.2%
rise and a fall of 3.6% y/y respectively.
The British pound
rallied against the greenback after BoE's expansion of its quantitative
easing program by 25 billion pounds to 200 billion pounds to help
kick-start Britain's recession-hit economy. BoE also left interest
rates unchanged at a record low of 0.5% as widely expected. Sterling
dropped earlier to 1.6467 versus the dollar, however, the pair then
shot up to 1.6637 after BoE's announcement as the QE expansion was less
than many investors had expected. Cable later eased from there and
traded sideways in New York afternoon. U.K. industrial and
manufacturing production data came in at 1.6% and 1.7% respectively
versus economists' forecast of 1.0% and 1.0%.
Data to be
released on Friday include Japan leading indicators, U.K. PPI, German
factory orders, Switzerland unemployment rate, Canada unemployment
rate, U.S. non-farm payrolls, unemployment rate and wholesales
inventories. Economists expect U.S. unemployment rate will go up to
9.9% while non-farm payrolls will be reduced by 175,000.
Published on
Fri, Nov 6 2009, 00:26 GMT
Trendsetter Financial Markets Ltd.
| Room 1309 - 1311, 13/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong.
http://www.AceTraderFX.com | cs@acetrader.com
Legal disclaimer and risk disclosure
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.
Related reports
US: employment, not as bad as it looks by Danske Bank A/S
Fri, Nov 6 2009, 18:50 GMT
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Weekly Market Commentary - Fed, BOE and ECB kept rates on hold by Mizuho Corporate Bank
Fri, Nov 6 2009, 15:45 GMT
US Employment: Skills and Policy Issues—Beyond Stimulus by Wells Fargo Investments, LLC
Fri, Nov 6 2009, 15:25 GMT
indicator, eurusd, ecb, eurozone, gbpusd, usdjpy
View All
Related content
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Forex: GBP/USD: Cable hovering around 1.6600
FXstreet.com | Fri, Nov 6 2009, 20:34 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
indicator, eurusd, ecb, eurozone, gbpusd, usdjpy
View All
The Advisor Weblog » Majors’s sentiment for today
Fri, Nov 6 2009, 10:59 GMT
The Advisor Weblog » Starting the day
Fri, Nov 6 2009, 10:59 GMT
Tech Trading » GBP/JPY The importance of the 100 SMA.
Fri, Nov 6 2009, 10:52 GMT
The Trader’s Edge » EUR/USD Non-Farm Payroll Analysis
Fri, Nov 6 2009, 08:23 GMT
FX Market Readings » Expected market moves for week end
Fri, Nov 6 2009, 06:52 GMT
indicator, eurusd, ecb, eurozone, gbpusd, usdjpy
View All
Gbpusd - Forex Forum - FXstreet.com
Tue, Apr 28 2009, 14:55 GMT
Technical analysis for EUR/USD, GBP/USD - Page 5 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Yellowlion's Daily EURUSD - Page 6 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:07 GMT
Elliott charts with Grega H. - Page 2 - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:05 GMT
Technical analysis for EUR/USD by AceTrader - Forex Forum - FXstreet.com
Fri, Oct 10 2008, 12:03 GMT
indicator, eurusd, ecb, eurozone, gbpusd, usdjpy
View All
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 29th Edition
Wayne McDonell | Fri, Oct 3 2008, 11:30 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
indicator, eurusd, ecb, eurozone, gbpusd, usdjpy
View All