日本語
Español
中文
- New York 09:10
- London 14:10
- Barcelona 15:10
- Tokyo 23:10
- Sydney 01:10
Start the Day
1
0
Fed funds target could ‘go a little lower' as Q4 GDP might also be negative
Fri, Oct 31 2008, 07:22 GMT
by Nicole Elliott
Quote:
‘Volatility is the mother of opportunity.’ Ken Baird (1964-)
The News:
Fed’s Yellen says Fed funds target could ‘go a little lower’ as Q4 GDP might also be negative.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
(23:30) JP September Jobless 4.00%, Job-to-Applicant 0.84, versus 4.2% and 0.86 August.
(23:30) JP September Household Spending –2.3% Y/Y versus –4.0% August.
(23:30) JP October Tokyo CPI+1.2% Y/Y, September Nationwide +2.1%, vs +1.4% and +2.1%.
00:01 GB October GfK Consumer Confidence –36 versus –32 September.
05:00 JP September Housing Starts 1.126M versus 1.130M August.
06:00 JP Bank of Japan cuts rates 20 basis points to 0.30%, first cut in 7 years on a split vote.
07:00 DE September Retail Sales –2.3% M/M, +1.2% Y/Y, versus +1.9% and –3.0% August.
10:00 EZ15 October CPI (+2.9% to +3.5% Y/Y versus +3.6% September).
10:00 EZ15 September Unemployment (7.4% to 7.6% versus 7.5% August). 10:30 CH October KOF (0.3 to 0.6 vs 0.6).
12:30 CA August GDP (-0.5% to -0.1% M/M versus +0.7% July).
12:30 US September Personal Income (-0.5% to +0.5% M/M, Spending –0.5% to +0.2%, vs +0.5% and 0% August).
12:30 US September Core PCE (0% to +0.2% M/M, +2.2% to +2.6% Y/Y, Deflator +4.1% to +4.5% Y/Y, versus +0.2%, +2.6% and +4.5% August).
12:30 US Q3 Employment Cost Index (+0.3% to +0.9% versus +0.7% Q2).
13:45 US October Chicago Purchasing Managers (43.6 to 54.5 versus 56.7 September).
14:00 US October final University of Michigan Confidence Survey (50 to 63 vs 57.5).
18:00 US Fed’s Bernanke speaks on mortgage finance, Berkeley.
The Psychology:
All Souls Day today; All Saints Day Saturday. Monday holidays in Japan and Russia.
Today’s most interesting chart: German 2YR Schatz
Highest price, lowest yield, since Sep 2005.
Published on Fri, Oct 31 2008, 10:32 GMT
Archive
- US Major Nidal Malik Hasan shoots dead 12 and wounds 31 at largest army base, Texas
Published On Fri, Nov 6 2009, 07:31 GMT - General Motors to axe 10,000 European jobs
Published On Thu, Nov 5 2009, 07:19 GMT - Taxpayers vote against US Democrats in state elections
Published On Wed, Nov 4 2009, 07:31 GMT - Reserve Bank of India buys 200 tonnes of gold for $6.8B from the IMF
Published On Tue, Nov 3 2009, 07:34 GMT - CIT Group Inc. files for Chapter 11 protection
Published On Mon, Nov 2 2009, 07:47 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Legal disclaimer and risk disclosure
The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.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
US Employment: Skills and Policy Issues—Beyond Stimulus by Wells Fargo Investments, LLC
Fri, Nov 6 2009, 15:25 GMT
Canadian employment: A part-time youths story in October by National Bank of Canada
Fri, Nov 6 2009, 14:03 GMT
Related content
Yen surges against Pound and Euro on weak U.S. employment data
FXstreet.com | Fri, Nov 6 2009, 14:06 GMT
Forex: USD/CHF jumps to test 1.0200 following Non-Farm payrolls data
FXstreet.com | Fri, Nov 6 2009, 14:04 GMT
Forex: GBP/USD: Pound plunges from 1.6585 to 1.6525 on weak payrolls data
FXstreet.com | Fri, Nov 6 2009, 13:51 GMT
Forex: USD/JPY tumbles to 90.05 after NFP
FXstreet.com | Fri, Nov 6 2009, 13:50 GMT
Forex: USD/CAD rises to 1.0740 after the NFP data
FXstreet.com | Fri, Nov 6 2009, 13:50 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.