US equity indices are off their best levels in light preholiday trading, despite the slightly lower final Q3 US GDP reading of 2.2% (versus the preliminary reading of 2.8%). The housing data has been a positive factor this morning, with the November exist…
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- 2:00 (GE) German GfK Consumer Confidence: 3.3 v 3.5e - 2:15 (SZ) Swiss Nov Trade Balance: CHF2.14B v CHF2.44B prior - 2:45 (FR) French Nov Producer Prices M/M: 0.2% v 0.1%e, Y/Y: -4.5% v -4.7%e - 3:00 (TT) Taiwan Nov Unemployment Rate: 6.0%e v ……
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- (NZ) New Zealand Q3 Current Account Balance: -NZ.4B V -NZBE (largest deficit since Q4 2008) - (AU) Australia Oct Conference Board Leading Index: -0.3% v 0.3% prior (first decline in 5 months) - (JP) Japan Nov Supermarket Sales -8.0% v -5.2% ……
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Key News - U.K. Economy Shrank 0.2% in Third Quarter, Less Than Previously Estimated (Bloomberg) - Brazil Has No Reason to Keep Increasing Currency Reserves, Freitas Says (Bloomberg)…
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EUR/USD. Today#8217;s support: - 1.4257(main), where correction is possible. Break would give 1.4241, where correction also may be. Then follows 1.4222. Break of the latter would result in 1.4200. If a strong impulse, we would see 1.4190. ……
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The European Central Bank won’t bail out debt-stricken member states such as Greece, which must repair its public finances on its own, ECB governing council member Ewald Nowotny said. (WSJ)…
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Japan Nov Merchandise Trade Balance Total: #165;374B v #165;300Be (3-month low); Adjusted: #165;492B v #165;268Be (Highest since March 2008); Exports y/y: -6.2% v -6.8%e (14-month high); Imports y/y: -16.8% v -17.9%e (12-month high)…
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Cover-story “2010 Outlook” includes forecasts from some of the biggest names on the Street. Among them, BlackRock’s Doll has an SP target of 1,249, 10-yr yield at 4.49%, and Overweight rating in Healthcare, Tech, and Telecom sectors; Wells Capital…
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Trading volumes and data were light this week as markets wound down ahead of the holidays. In the US, the November housing starts and building permits data bounced back from the softness seen in October. The FOMC kept interest rates on hold and slightly…
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EUR/USD. Today#8217;s support: - 1.4304 and 1.4257(main), where correction is possible. Break would give 1.4241, where correction also may be. Then follows 1.4222. Break of the latter would result in 1.4200. If a strong impulse, we would see 1.4190….
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