•  
  • New York 20:24
  • London 01:24
  • Barcelona 02:24
  • Tokyo 10:24
  • Sydney 12:24
  • SignUp | Login

Start the Day

9

0

Fed Minutes show they are more confident on economic recovery; not worried on inflation

Wed, Nov 25 2009, 07:24 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote: 

‘A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man’. Lana Turner (1921-1995)


The News: 

Fed Minutes show they are more confident on economic recovery; not worried on inflation.


The Numbers:

Greenwich Mean Time, with expectations and previous figures in brackets.

(23:50) JP October Trade Balance 807B Yen versus 525B September.

(23:50) JP October Corporate Services Prices –2.2% Y/Y versus –3.2% September.

05:00 JP November Small Business Confidence 43.0 versus 43.4 October.

07:00 DE December GfK Consumer Confidence 3.7 versus 4.0 November.

09:30 GB Q3 revised GDP (-0.4% to –0.2% Q/Q, -5.2% to –5.0% Y/Y, versus –0.4% and –5.2%).

09:30 GB September Index of Services (-0.1% to +0.3% 3M/3M versus –0.1% August).

13:30 US October Personal Income (0% to +0.4% M/M, Spending +0.3% to +0.7%, vs 0% and –0.5% September).

13:30 US October Core PCE (+0.1% to +0.2% M/M, +1.3% to +1.5% Y/Y, versus +0.1% and +1.3% September).

13:30 US October Durable Goods Orders (-1.0% to +2.1%, Ex-Transport –0.6% to +1.5%, vs +1.4%/+1.2% Sep).

13:30 US Weekly Jobless Claims (460K to 512K, Continuing Claims 5400K to 5630K, vs 505K and 5611K prior week).

14:55 US November final University of Michigan Confidence Survey (65 to 72 versus 66).

15:00 US October New Home Sales (350K to 425K versus 402K September).

23:50 JP Bank of Japan MPC Minutes of October 30th.


The Psychology: 

US and UAE Thanksgiving holiday tomorrow.


The Risk:

US FDIC running at -$8.2B balance as problem banks hit 552, first shortfall since 1992.


Today’s most interesting chart: US 5-year TNote future

Strongest close since April.

Start The Day


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

U.S. Forex Market Commentary by GCI
Tue, Feb 9 2010, 22:21 GMT

USD lower pressured by Greek rescue hopes by Easy Forex
Tue, Feb 9 2010, 15:22 GMT

Euro is catching a breather on Tuesday by Wells Fargo Investments, LLC
Tue, Feb 9 2010, 14:54 GMT

London Gold Market Report by BullionVault.com
Tue, Feb 9 2010, 14:53 GMT

GBP/JPY: Indicators pointing to the upside by FXstreet.com Independent Analyst Team
Tue, Feb 9 2010, 13:38 GMT

indicator, japan, treasuries, us, techbanks, uk

[ View All ]

Related content


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.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.