日本語
Español
中文
Русский
- New York 03:03
- London 08:03
- Barcelona 09:03
- Tokyo 17:03
- Sydney 19:03
Market Session Recaps
5
0
London Session
Tue, Dec 2 2008, 13:13 GMT
by Forex.com Research Desk
The buck was sold modestly in what was a rather lackluster London trading session.
Euro-zone producer prices came in much lower than expected at -0.8% for October.
This suggests inflation will be a lesser concern for the ECB and leaves room for the bank to cut rates in size. European bourses rallied and were currently up about 1.5% despite the horrid performance in Asia stocks earlier. This modest return in risk appetite helped Euro rally some.
EUR/USD added about 40 points into the 1.2660/70 area. The 1.2700 level looms as the trigger for further upside while the pair should find decent support into the 1.2550 zone. EUR/JPY meanwhile rallied a more modest 30 pips and was sitting near 118.10/20 just ahead of the NY session. The lack of economic data in NY today should have the FX market squarely focused on the goings on in US stocks. Futures are pointing to a 1.5% increase at the open and we would expect a better than expected performance to usher in a rally in JPY crosses.
Upcoming Economic Data Releases (NY Session) Prior Estimate
-
12/02 16:30 GMT US Paulson to Speak on U.S.-China Strategic Economic Dialogue
-
12/02 17:30 GMT US Philadelphia Fed's Plosser to Speak on Economy
-
12/02 22:00 GMT US ABC Consumer Confidence 30-Nov -52 -53
Published on Tue, Dec 2 2008, 13:16 GMT
Archive
- Asia Session
Published On Tue, Nov 24 2009, 06:59 GMT - New York Session
Published On Mon, Nov 23 2009, 22:12 GMT - London Session
Published On Mon, Nov 23 2009, 11:36 GMT - Asia Session
Published On Mon, Nov 23 2009, 07:07 GMT - London Session
Published On Fri, Nov 20 2009, 11:37 GMT
Forex.com
| 44 Wall Street, 7th Floor New York, NY 10005-2401
http://www.forex.com/ | info@forex.com
Legal disclaimer and risk disclosure
The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.Related reports
Forex Chartist Technical Analysis - GBP/USD & EUR/USD by Charmer Charts.com
Tue, Nov 24 2009, 07:15 GMT
Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Tue, Nov 24 2009, 06:09 GMT
Technical Market Commentary - Technical Market Commentary by India Forex Advisors
Tue, Nov 24 2009, 05:58 GMT
Daily FX Forecast by S.A.F.E. Ltd
Tue, Nov 24 2009, 05:51 GMT
Currency Trading News - US Dollar, Japanese Yen Slump as 10% Rise in US Home Sales Stokes Risk Appetite by DailyFX
Tue, Nov 24 2009, 05:35 GMT
Related content
Forex: USD/JPY: Yen down to test range floor at 88.55/65
FXstreet.com | Tue, Nov 24 2009, 07:48 GMT
Forex: EUR/USD: Euro accelerates downtrend, testing 1.4900
FXstreet.com | Tue, Nov 24 2009, 07:18 GMT
Asian markets decline on concerns about Japan; Euro and Pound trim gains
FXstreet.com | Tue, Nov 24 2009, 07:07 GMT
DATA SNAP: German 3Q GDP Confirmed +0.7% Vs 2Q, -4.8% On Yr
Dow Jones | Tue, Nov 24 2009, 07:05 GMT
Germany 3Q GDP rises 0.7% QoQ, down 4.8% YoY
FXstreet.com | Tue, Nov 24 2009, 07:01 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.