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Thursday December 18, 2014 - 19:07:10 GMT
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RISK ON After Dovish Yellen Comments Wednesday. Strong German IFO & U.K. Retail Sales
|RISK ON After Dovish Yellen Comments Wednesday. Strong German IFO & U.K. Retail Sales|
December 19, 2014 .00:00:GMT
TOP NEWS ITEMS: JP- BOJ, CA- CPI, Retail Sales
Global-View Economic Chart Directory
18 December-- 16:25 GMT- Current Market Conditions
Markets yesterday moved to a robust RISK ON posture following the Fed policy decision. Fed Chair Yellen said there should be no rate hikes for the next "couple of meetings", and that policy is data-dependent. This is seen as dovish and pro-growth. In Europe, The German IFO survey and U.K. Retail Sales data improved. In Russia, President Putin said they would not expend lots of forex reserves defending the Rouble. U.S. data today has been mixed at best.
The heat map color scheme of interest rates reflects yields.
- In forex, the USD is trading higher as equity prices advance. The EUR is mostly lower on its key crosses
- The Commodity Currencies (AUD, CAD and NZD) are higher vs. the USD. Gold prices are up and oil is down.
- In the Far East, equities closed mostly higher. The Japanese 10-yr JGB yield is 0.350%. -2 bp.
- Key European bourses closing higher. The 10-yr bund yield is 0.612%, +1.9.1bp. The U.K. yield is 1.868%, +10.8bp. European peripheral bond yields are mostly lower.
- The U.S 10-yr note yield is 2.213%, +7.3bp Equities are higher.
Weekly Trading Planner Top Items (GMT):
4:30 JP Bank of Japan policy decision
5:00 JP Lead Indicators composite indicator
13:30 CA BOC CPI BOC targets inflation
13:30 CA Retail Sales consumer demand
Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
||Bank of Japan
||CBI Dist Trades
||BOC CPI y
||Cons Conf prelim
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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GVI Trading. Potential Price Risk Scale
Tue 31 July 2018
AA: Major, A: High, B: Medium
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade
John M. Bland, MBA
co-founding Partner, Global-View.com
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