Forex Forum Archive for 11/29/2014

GVI Forex john 22:32 GMT November 29, 2014
Four Week Correlations
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High Correlations in RED...

GVI Forex john 20:38 GMT November 29, 2014
BREAKING NEWS

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GVI Forex john 20:35 GMT November 29, 2014
BREAKING NEWS
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12:00 CH Swiss Gold Referendum Result- Widely expected to be defeated.
23:30 AU Mfg PMI most timely economic reading
MONDAY
0:13 JP Final PMI most timely economic reading
1:00 CN NBS PMI most timely economic reading
1:45 CN HSBC final PMI most timely economic reading
8:50 FR MFG PMI final most timely economic reading
8:55 DE MFG PMI final most timely economic reading
8:58 EZ MFG PMI final most timely economic reading
9:15 CH PMI most timely economic reading
9:28 GB MFG PMI most timely economic reading
14:30 CA RBC-Markit PMI most timely economic reading
14:45 US MKT MFG PMI final most timely economic reading
15:00 US ISM MFG PMI most timely economic reading
TUESDAY
1:30 AU GDP qq broadest economic measure
4:30 AU Australia Reserve Bank No rate change seen
9:28 GB Construction PMI most timely economic reading
15:00 US Construction Spend building measure
WEDNESDAY
8:50 FR SVC PMI final most timely economic reading
8:55 DE SVC PMI final most timely economic reading
8:58 EZ SVC PMI final most timely economic reading
9:28 GB SVC PMI most timely economic reading
13:15 US ADP Jobs Predictor of NFP
13:30 US Productivity important metric
14:45 US Markit SVC PMI most timely economic reading
15:00 CA BOC Rates Rates seen steady
15:00 US ISM SVC PMI most timely economic reading
15:30 US EIA Crude mn top energy metric
19:00 FRB Beige Book Fed economic analysis
THURSDAY
1:30 AU Retail Sales consumer spending
1:30 AU Trade A$bln Export measure
12:00 GB Bank of England Rates Seen Steady
12:45 EZ Europe Cntl Bank Rates Seen Steady
13:30 US Initial Claims timely jobs data
15:00 CA Ivey PMI most timely economic reading
FRIDAY
10:00 EZ 3Q14 GDP qq broadest economic measure
13:30 CA Trade C$bn
13:30 CA Payrolls wide employment measure
13:30 US Payrolls wide employment measure
13:30 US Trade  Export measure
15:00 US Factory Orders production

Mtl JP 20:04 GMT November 29, 2014
CURRENT CONDITIONS: Mixed Risk

Result of the Swiss Gold referendum vote is expected at 1 p.m. local time on Sunday (7 a.m. Eastern).

dc CB 19:30 GMT November 29, 2014
Moyers
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25mins

The Long, Dark Shadows of Plutocracy

GVI Forex john 15:42 GMT November 29, 2014
OPEC Becomes Relevant Again - November 30, 2014

I don't know who started the idea, but they are known to have done this in the past. It worked last time. No idea if will this time.

Mtl JP 14:03 GMT November 29, 2014
OPEC Becomes Relevant Again - November 30, 2014

... "If on its current trajectory our policy is not effective enough to achieve this, or further risks to the inflation outlook materialise, we would step up the pressure and broaden even more the channels through which we intervene, by altering accordingly the size, pace and composition of our purchases" - Draghi Nov 21 2014

Mtl JP 13:09 GMT November 29, 2014
OPEC Becomes Relevant Again - November 30, 2014

who started floating the idea that "Saudi Arabia clearly send a message ... that ... their goal seems to be to put pressure on the high cost producers." ???
-
"We will do what we must to raise inflation and inflation expectations as fast as possible, as our price-stability mandate requires."
- ECB's Mario Draghi on Nov 21, 2014

GVI Forex john 12:21 GMT November 29, 2014
OPEC Becomes Relevant Again - November 30, 2014
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No Oil Supply Cut
It was not unexpected last week, but the markets reacted strongly to the OPEC decision to keep its production levels steady. OPEC complained that it has not been behind the increase in global oil supplies, but seemed to be complaining that producers such as Russia and North American producers are not about to cut their production to support OPEC producers.

Saudi Arabia clearly send a message to OPEC and others that they are not prepared to cut production on their own to support the industry. Their goal seems to be to put pressure on the high cost producers in the medium term. In the short term, that only means that oil prices should fall. This should be a global economic stimulus. Lower energy prices should pressure inflation lower and intensify the pressure on central banks to stabilize prices. On balance we view this as USD constructive....

OPEC Becomes Relevant Again - November 30, 2014