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Thursday November 27, 2014 - 18:09:06 GMT
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OPEC Output Kept Steady. Oil Prices Plummet. German Jobs Data Better than Seen
|OPEC Output Kept Steady. Oil Prices Plummet. German Jobs Data Better than Seen|
November 28, 2014 .00:00:GMT
TOP NEWS ITEMS: JP- CPI, Retail Sales, Ind Out, DE- Retail Sales, EZ- flash HICP, Unemploy, CA- GDP, US- Early Close
27 November-- 18:00 GMT- Current Market Conditions
Late Thursday OPEC sent a message to the markets that lower prices were desired. Presumably their goal was to drive out high price North American production. Oil prices and interest rates fell, while equities gained in anticipation of the stimulus lower energy prices would provide.
European markets were trading mostly in a MIXED RISK posture on Thursday German November Employment data performed better than expected, however State CPI reports have been soft. Comments by ECB President Draghi today have been accommodative, but not surprising. The U.S. is closed for Thanksgiving into Friday
- In forex, the USD is trading mostly higher. The EUR is mostly lower on its major crosses Gold is weaker and oil prices are steady heading into the OPEC decisions today.
- In the Far East, equities ended mixed. In Japan, JGB yields fell.
- European bourses are mixed. 10-yr bund and UK Gilt yields are down. European peripheral bond yields are mostly lower.
- The U.S 10-yr note yield is easier. U.S. equities are closed.
The heat map color scheme of interest rates reflects yields.
Weekly Trading Planner Top Items (GMT):
23:30 JP Core CPI Japan inflation
23:50 JP Retail Sales Consumer Demand
23:50 JP Ind Out industrial activity
7:00 DE Ret Sales Consumer Demand
10:00 EZ FL HICP Key ECB Metric
12:30 CA GDP Widest Economic Measure
16:0 0 US Markets Close Early
Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
||Retail Sales yy
||Ret Sales mo
||Ret Sales yr
||FL HICP yy
||FL HICP core yy
See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
John M. Bland is a founding partner of Global-View.com. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, Berkeley.
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AA: Major, A: High, B: Medium
Mon 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com
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