***Economic data*** – (CA) Canada Q3 Labor Productivity Q/Q: +0.4% v -0.3%e – (CA) Canada Oct Int’l Merchandise Trade: -C$0.9B v +C$0.7Be – (US) Oct Trade Balance -$43.5B v -$44.0Be – (MX) Mexico Oct Final Trade Balance: -$466M v -$466Mprelim – (US) Dec Preliminary University of Michigan Confidence: 67.7 v 65.8e – European indices are [...]
20:00 GMT December 2 The GlobalView.com D.O.G. investor purchasing power index is closing Friday in North America at .5137, +0.26% from its Thursday close . As for its key subcomponents, the USD forex purchasing power index is .7701, 0.50% . The forex index is value is calculated against the top six trading currencies. Against gold, [...]
Currencies continued with their downward trajectory against the US Dollar into the final day of the week, and it appears that many of the major currencies are now fated to retest their key October lows against the Greenback. The latest bout of risk liquidation has been brought on by a number of factors including Germany [...]
EURUSD Forecast The EURUSD was volatile but indecisive yesterday. Price attempted to push higher, topped at 1.3539 but closed lower at 1.3453 and bounced higher again earlier today in Asian session hit 1.3503. There are no changes in my technical outlook. As long as price stays below 1.3590 I still prefer to short on rallies. [...]
***Economic Data*** – (KS) BANK OF KOREA (BOK) LEAVES 7-DAY REPO RATE UNCHANGED 3.25%; AS EXPECTED – (JP) JAPAN SEPT TERTIARY INDUSTRY INDEX M/M: -0.7% V -0.5%E (3rd consecutive decline; 6-month low) – (JP) JAPAN OCT DOMESTIC CGPI M/M: -0.7% V -0.2%E; Y/Y: 1.7% V 2.2%E (8-month low) – (NZ) NEW ZEALAND OCT REINZ HOUSING [...]