Archive for November 29th, 2009

 

UAE Central Banks Offer Local Respite – Yen Rises

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

Caution remains the catchword as traders resume business after a holiday weekend in the U.S. The dollar has opened lower after the central bank of the United Arab Emirates said it would stand behind local lenders and that of Abu Dhabi said it would provide liquidity to borrowers using a…

USD Lower, UAE Offers to Provide Liquidity to Dubai

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

The USD is trading lower as UAE Central Bank provides emergency liquidity to Dubai and global equity markets trade mixed, risk appetite improves as the UAE action helps to provide stability to the financial markets reducing fears of contagion from the Dubai debt crisis, GBP trades mixed initially pressured by…

Currency Technical Report

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

Low liquidity causes extreme reactions to the market, as we witnessed in the end of last week. Reversal signs from the false break of 1,5000 and the reversal candle formation in the daily chart, led quickly to our first targets at the base of 1,4820-40, where a new upward reaction…

Mixed Global Markets Effect Currency Valuation

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

After advancing during the Asian session, the currency market entered into a side-ways range during the European trading session. This may have been caused by mixed financial market trade, that saw the S&P futures trading near the break-even line and the European cash market and gold moving lower. The dollar…

United Arab Emirates Agreed to Support Banks Liquidity

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

Financial concerns regarding Dubai?s debt crisis had a wide influence on the world market. Following the request on Wednesday from Dubai World ?the state owned property company for a suspension in repaying its debts, the Dubai stocks dived 6-7 percent on Monday as the market reopened for the first time…

U.S. Manufacturing Activity Probably Eased in November

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

A new week begins dear readers for the world?s largest economy, where we witnessed last week some improvement in economic fundamentals, as the worst recession since WWII seems to be fading, however, challenges remain ahead as sectors all around the economy continue to show that activity is indeed stabilizing, and…

FX Thoughts for the Day

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

Cable has fallen during the day after news came in that the Dubai govt does not guarantee Dubai world debt. British banks are said to have large exposures to Dubai real estate and hence Pound is being seen as a major sufferer from a Dubai debt default. It is likely…

London Session Recap

Nov 29, 2009 in Grow Financially, Investment Protection, Opportunities

The reassurances from the UAE?s central bank that it ?stands behind? local and foreign banks in the face of a possible default from Dubai World eased risk aversion last night and chased Asian stock markets higher. Anxiety has remained obvious in Europe, however. European stock markets erased early gains and…

Forex Economic Calendar

Nov 29, 2009 in Grow Financially, Opportunities

Date Time* Source Description Forecast Previous
11/30/2009 00:00 AUS HIA New Home Sales (MoM) n/a -4.5%
11/30/2009 00:01 UK GfK Consumer Confidence Survey -11 -13
11/30/2009 00:30 AUS Inventories -1.0% -3.4%
11/30/2009 01:30 JPN Labor Cash Earnings YoY -1.9% -1.8%
11/30/2009 04:00 JPN Vehicle Production (YoY) n/a -21.6%
11/30/2009 05:00 JPN Housing Starts (YoY) -33.5% -37.0%
11/30/2009 09:30 UK M4 Money Supply (YoY) n/a 11.0%
11/30/2009 10:00 EU Euro-Zone CPI Estimate (YoY) 0.4% -0.1%
11/30/2009 13:30 CA GDP MoM 0.4% -0.1%
11/30/2009 14:45 US Chicago Purchasing Manager 53.0 54.2
11/30/2009 15:30 US Dallas Fed Manf. Activity 0.0% -3.3%
11/30/2009 21:15 US Bloomberg FCI Monthly n/a n/a
11/30/2009 22:30 AUS AiG Performance of Mfg Index n/a 51.7
12/1/2009 00:30 AUS Building Approvals (YoY) 9.6% 11.7%
12/1/2009 03:30 AUS RBA CASH TARGET 3.75% 3.50%
12/1/2009 05:00 JPN Vehicle Sales (YoY) n/a 12.6%
12/1/2009 05:30 AUS RBA Commodity Index SDR YoY% n/a -31.1%
12/1/2009 07:00 GE Retail Sales (YoY) 0.4% -0.2%
12/1/2009 07:00 UK Nat’wide House prices nsa (YoY) 2.4% 2.0%
12/1/2009 08:55 GE Unemployment Change (000′s) 5K -26K
12/1/2009 09:00 EU PMI Manufacturing 51.0 51.0
12/1/2009 09:30 UK PMI Manufacturing 54.0 53.7
12/1/2009 10:00 EU Euro-Zone Unemployment Rate 9.8% 9.7%
12/1/2009 15:00 US ISM Manufacturing 55.0 55.7
12/1/2009 22:00 US ABC Consumer Confidence n/a n/a
12/1/2009 23:50 JPN Monetary Base (YoY) n/a 4.4%
12/2/2009 09:30 UK PMI Construction 46.9 46.2
12/2/2009 10:00 EU Euro-Zone PPI (YoY) -6.8% -7.7%
12/2/2009 12:30 US Challenger Job Cuts YoY n/a n/a
12/2/2009 13:15 US ADP Employment Change -150K -203K
12/2/2009 19:00 US Fed’s Beige Book n/a n/a
12/2/2009 22:30 AUS AiG Performance of Service n/a 54.8
12/2/2009 23:50 JPN Capital Spending -16.0% -21.7%
12/3/2009 01:30 AUS Retail Sales s.a. (MoM) n/a -0.2%
12/3/2009 02:00 NZ ANZ Commodity Price n/a 4.6%
12/3/2009 08:55 GE PMI Services 51.5 51.5
12/3/2009 09:00 EU PMI Services 53.2 53.2
12/3/2009 09:30 UK PMI Services 57.0 56.9
12/3/2009 10:00 EU Euro-Zone Retail Sales (YoY) -2.4% -3.6%
12/3/2009 12:45 EU ECB Announces Interest Rates 1.00% 1.00%
12/3/2009 13:30 US Nonfarm Productivity 8.7% 9.5%
12/3/2009 13:30 US Initial Jobless Claims 480K 466K
12/3/2009 13:30 US Continuing Claims 5400K 5423K
12/3/2009 15:00 US ISM Non-Manf. Composite 51.5 50.6
12/3/2009 16:00 US ICSC Chain Store Sales YoY n/a 2.1%
12/4/2009 12:00 CA Net Change in Employment 15.0K -43.2K
12/4/2009 13:30 US Change in Nonfarm Payrolls -125K -190K
12/4/2009 15:00 CA Ivey Purchasing Managers Inde 60.0 61.2
12/4/2009 15:00 US Factory Orders 0.5% 0.9%
12/6/2009 22:30 AUS AiG Perf of Construction Index n/a 50.9
12/7/2009 00:30 AUS ANZ Job Advertisements (MoM) n/a -1.7%
12/7/2009 11:00 GE Factory Orders YoY (nsa) n/a -13.1%
12/7/2009 13:30 CA Building Permits MoM n/a 1.6%
12/7/2009 20:00 US Consumer Credit -$9.7B -$14.8B
12/7/2009 21:45 NZ Manufacturing Activity n/a -4.8%
12/7/2009 23:50 JPN Current Account Total n/a -¥1567.9B
12/8/2009 00:01 UK RICS House Price Balance n/a 34.0%
12/8/2009 00:30 AUS Current Account Balance n/a -13347M
12/8/2009 05:00 JPN Leading Index CI n/a 86.4
12/8/2009 05:30 AUS Foreign Reserves n/a 48.5B
12/8/2009 08:15 AUS Australian Central Bank Governor Stevens Speaks in Sydney n/a n/a
12/8/2009 09:30 UK Industrial Production (YoY) n/a -10.3%
12/8/2009 10:00 GE Industrial Prod. (YoY) (nsa wda) n/a -12.9%
12/8/2009 11:01 NZ New Zealand Manpower Survey n/a n/a
12/8/2009 11:30 US NFIB Small Business Optimisim n/a n/a
12/8/2009 12:30 UK U.K. Pre-Budget Report Published n/a n/a
12/8/2009 13:00 AUS Australia Manpower Survey n/a 9%
12/8/2009 13:15 CA Housing Starts n/a 157.4K
12/8/2009 14:00 CA Bank of Canada Rate 0.25% 0.25%
12/8/2009 15:00 US IBD/TIPP Economic Optimisim n/a 47.9
12/8/2009 15:00 UK Wholesale Inventories -0.5% -0.9%
12/8/2009 21:45 NZ NZ Card Spending (MoM) n/a -0.2
12/8/2009 22:00 US ABC Consumer Confidence n/a n/a
12/8/2009 23:30 AUS Westpac Cons. Confidence Index n/a n/a
12/8/2009 23:50 JPN Gross Domestic Product (QoQ) n/a 1.2%
12/9/2009 00:01 UK Nationwide Consumer Confidence n/a 72
12/9/2009 00:30 AUS Trade Balance n/a -1849M
12/9/2009 07:00 GE Trade Balance n/a 10.6B
12/9/2009 09:30 UK Total Trade Balance (GBP/Mln) n/a -£3469
12/9/2009 10:30 UK BRC November Shop Price Index n/a n/a
12/9/2009 11:00 UK U.K. CBI December Industrial Trends Total Orders n/a n/a
12/9/2009 20:00 NZ RBNZ Official Cash Rate 2.50% 2.50%
12/9/2009 21:45 NZ Terms of Trade Index (QoQ) n/a -9.0%
12/9/2009 23:50 JPN Machine Orders YoY% n/a -22%
12/10/2009 00:00 AUS Consumer Inflation Expectation n/a 3.2%
12/10/2009 00:30 AUS Employment Change n/a 24.5K
12/10/2009 01:00 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 01:45 AUS Australian Central Bank Assistant Governor Speaks in Sydney n/a n/a
12/10/2009 09:00 EU ECB Publishes Dec. Monthly Report (Text) n/a n/a
12/10/2009 12:00 UK BOE ANNOUNCES RATES 0.5% 0.5%
12/10/2009 13:30 CA Int’l Mechandise Trade n/a -0.9B
12/10/2009 13:30 US Trade Balance -$36.7B -$36.5B
12/10/2009 13:30 US Initial Jobless Claims n/a n/a
12/10/2009 13:30 US Continuing Claims n/a n/a
12/10/2009 19:00 US Monthly Budget Statement -$135B -$176.4B
12/10/2009 21:45 NZ Food Prices (MoM) n/a -1.5%
12/11/2009 13:30 CA New Housing Price Index MoM n/a 0.5%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Import Price Index YoY n/a -5.7%
12/11/2009 13:30 US Advance Retail Sales 0.4% 1.4%
12/11/2009 15:00 US U. Of Michigan Confidence 68.9 67.4
12/12/2009 05:00 JPN Consumer Confidence n/a 40.8
12/12/2009 09:30 UK PPI Input NSA (YoY) n/a 0.1%

* Times listed are GMT

11-30 Economic Calendar

Nov 29, 2009 in Grow Financially, Opportunities

region_forex_000001