FXDD Today combines end of day prices, a graphical preview of the economic releases for the next trading day, and a Market Recap of the current days key activities in a concise one page format in PDF format It is designed to be used through the trading day and also as a historical record for review. We hope […]
FXDD Today combines end of day prices, a graphical preview of the economic releases for the next trading day, and a Market Recap of the current days key activities in a concise one page format in PDF format It is designed to be used through the trading day and also as a historical […]
We have AUD Monetary Policy Minutes coming out at 8:30pm and AUD RBA Governor Stevens Speaks at 10:10pm.
The New Zealand Consumer Prices came in as expected for the 3rd quarter:
In addition Food Prices came in softer (MoM) for September 0.6% versus the 2.7% for August.
Dow jumps higher on the better then expected Leading Indicators
Good Morning:
Today, Fed Chairman Bernanke will testify before the House Budget committee to discuss the status of the financial crisis. LIBORs this morning are lower, thus adding speculation that calm is beginning to enter into the credit markets.
World equity markets rose as higher crude prices helped the energy sector, and world governments continued to pour funds into the financial sector to ease the credit crisis.
Public Sector Net Borrowing
Expected at 6.9B
Prior 10.4B
Actual 8.1B
Preliminary M4 Money Supply
Expected at 0.9%
Prior 1.4%
Actual 1.4%
USD TRY seems to have tested 1.5425 level twice over the last few days. Look to 1.4675/80 as support level with a break below yielding to the 1.4500/05 area (100 hr MA) as first level of support.
