Market report November 23, 2012
Friday expect another slow day with choppy action after the Thanksgiving holiday in the Europe of the EU Summit, will be United States dealer hope for good news, while Canada free month core CPI month, expected to grow by 0.2 percent. We conclude that Canada has missed the expected core CPI m/m 4 of the past 5 months here could miss send and the Loonie lower on the increasing perception of CAD weakness.
US dollars: Black starts Friday consumer spending
The USD was weaker and stronger against the JPY against EUR and GBP while yesterday holiday is thinly traded U.S. session. Since then the euro stronger and can make a test of the technically important 1.2900 level in EUR/USD. The GBP and JPY have retraced their respective gains and losses, and from the outset was the 22nd relatively unchanged.
Initial retail sales reports could be a bit as offer a pop in US dollars, if they are strong holiday could show sales on the way to optimistic expectations of another record year for spending in the United States to a rise in the US consumer spending, which would be positive for the U.S. economy and the strength of the US dollar.
Euro: Continued uncertainty in the EU Summit
After the end of Thursday slightly higher against major currencies, EUR has seen consolidation for the beginning of the Asian session not surprisingly given the holiday in Japan. Uncertainty about the future of Greece and mixed messages from the EU Summit continue to EUR heavy burden after it a run on the technically important 1.2900 level on the EUR/USD yesterday and not to achieve that all important level.
British pound: record low volatility
GBP rose sharply against the euro yesterday amid the worries about the future of the eurozone. In other trade, GBP lost ground against the USD after the thinly-traded U.S. holiday session. It is technically against the JPY important 132,00 levels dropped after the test. With no news from the UK today and volatility on 15-year low in the cable could today the only based come larger movements in the EUR/GBP on reports from the EU Summit.
Japanese Yen: Japanese markets closed today
Slow Friday in the Asian session, the yen has seen mostly consolidation against European currencies and the rise on the US dollar and the great British pound. Japanese markets are closed for trading as the country the day which celebrates work.
Friday expect another slow day with choppy action after the Thanksgiving holiday in the Europe of the EU Summit, will be United States dealer hope for good news, while Canada free month core CPI month, expected to grow by 0.2 percent. We conclude that Canada has missed the expected core CPI m/m 4 of the past 5 months here could miss send and the Loonie lower on the increasing perception of CAD weakness.
US dollars: Black starts Friday consumer spending
The USD was weaker and stronger against the JPY against EUR and GBP while yesterday holiday is thinly traded U.S. session. Since then the euro stronger and can make a test of the technically important 1.2900 level in EUR/USD. The GBP and JPY have retraced their respective gains and losses, and from the outset was the 22nd relatively unchanged.
Initial retail sales reports could be a bit as offer a pop in US dollars, if they are strong holiday could show sales on the way to optimistic expectations of another record year for spending in the United States to a rise in the US consumer spending, which would be positive for the U.S. economy and the strength of the US dollar.
Euro: Continued uncertainty in the EU Summit
After the end of Thursday slightly higher against major currencies, EUR has seen consolidation for the beginning of the Asian session not surprisingly given the holiday in Japan. Uncertainty about the future of Greece and mixed messages from the EU Summit continue to EUR heavy burden after it a run on the technically important 1.2900 level on the EUR/USD yesterday and not to achieve that all important level.
British pound: record low volatility
GBP rose sharply against the euro yesterday amid the worries about the future of the eurozone. In other trade, GBP lost ground against the USD after the thinly-traded U.S. holiday session. It is technically against the JPY important 132,00 levels dropped after the test. With no news from the UK today and volatility on 15-year low in the cable could today the only based come larger movements in the EUR/GBP on reports from the EU Summit.
Japanese Yen: Japanese markets closed today
Slow Friday in the Asian session, the yen has seen mostly consolidation against European currencies and the rise on the US dollar and the great British pound. Japanese markets are closed for trading as the country the day which celebrates work.
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