Monday November 17, 2008 - 20:33:34 GMT
Share This Story
Global-View - www.global-view.com
FX Blog- GVI Forex Analysis: Far East Open for November 18, 2008
VI Forex Analysis Thread: November 18, 2008 Pre-Far East Open
- Traders were remarkably cautious on Monday in N.Y. The lackluster outcome of the G20 meeting was unsurprising, but still a disappointment. Apart from a lot of hot air, they decided to meet before the end of April. There were too many participants and the U.S. was saddled with a lame duck government.
- The U.S. see the monthly TIC data on Tuesday.
- Gloom about the global economy persists. Far East bourses ended mixed. European bourses have closed lower. Key U.S. indices are currently seen closing lower.
- The 2-yr U.S. minus E-Z spread is -96 bps +7 bps. U.S. bond prices are mixed. E-Z bond prices ended higher.
- The USD is now steady vs. the EUR and JPY from late Friday. The CHF is weaker. The GBP continues to be the focus of market gloom, although it rallied on Monday, reportedly on central bank diversification demand. The JPY is still seen as being in the best position heading into an exended period of economic weakness. The commodity currencies (AUD, CAD and NZD) currently are higher. Gold is weaker and oil is softer. See the GVI calendar for an updated schedule of data releases in the two weeks ahead.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."