8th of September 2010
 

MARKET NEWS 9TH FEBRUARY 2010

Good Morning,

GBP

It was a quiet day yesterday for the economic data releases and so the movements of the Pound remained dominated by the sentiment of investors. With problems in the Eurozone and within the UK , the Pound remains under pressure against the US Dollar. Today the UK Trade Balance will be released for the UK and is expected to show a reduced deficit from -£6.8 Billion up to -6.6 Billion.

EUR

The Euro managed to prevent further losses against the US Dollar yesterday and did not fall any lower than $1.3620. An increase in risk appetite helped boost the Euro against the US Dollar as there were no major economic data releases. Today the German CPI will be released along with the German Trade Balance. This is expected to fall from €17.0 billion down to €14.8 billion.

USD

It is a quiet day once again for economic data releases from the United States . This means that the currency movements will be dominated by investor risk appetite once again. If risk appetite increases then the US Dollar may lose some of its strength against the Euro and the British Pound.

Chris Canning.

Economic Data Release Calendar - February 9th 2010

Currency

Event

GMT

Forcast

Previous

February 9

GBP

RICS House Price Balance - Jan.

00:01

27%

30%

GBP

BRC January Retail Sales Monitor - Feb 8.

00:01

   

JPY

Machine Tool Orders (YoY) (Preliminary) - Jan.

06:00

 

63.40%

EUR

Trade Balance ( Germany ) (os) - Dec.

07:00

15.0B

17.4B

EUR

Imports s.a. ( Germany ) (MoM) - Dec.

07:00

3.00%

-5.90%

EUR

Current Account (os) ( Germany ) - Dec.

07:00

19.1B

18.1B

EUR

Exports s.a. ( Germany ) (MoM) - Dec.

07:00

-0.10%

1.60%

EUR

Consumer Price Index - Germany (YoY) - Dec F.

07:00

0.80%

0.80%

EUR

Consumer Price Index - Germany (EU Harmonized) (MoM) (Final) - Jan.

07:00

-0.70%

-0.70%

EUR

Consumer Price Index - Germany (EU Harmonized) (YoY) (Final) - Jan.

07:00

0.70%

0.70%

EUR

Consumer Price Index - Germany (MoM) - Jan F.

07:00

-0.60%

-0.60%

GBP

Visible Trade Balance GBP/Mn - Dec.

09:30

-£6700

-£6784

GBP

Trade Balance Non EU GBP/Mn - Dec.

09:30

-£3100

-£3032

GBP

Total Trade Balance (GBP/Mln) - Dec.

09:30

-£2750

-£2912

USD

Wholesale Inventories - Dec.

15:00

0.50%

1.50%

USD

IBD/TIPP Economic Optimism - Feb.

15:00

 

48.8

NZD

Credit Card Spending (MoM) - Jan.

21:45

 

0.7

USD

ABC/Washington Post Consumer Confidence - Feb 7.

22:00

 

-49

AUD

Westpac Consumer Confidence - Feb.

23:30

 

5.60%

JPY

Housing Loans YoY - (4Q)

23:50

 

0.80%

JPY

Machine Orders (MoM) - Dec.

23:50

8.00%

-11.30%

JPY

Machine Orders (YoY) - Dec.

23:50

-10.80%

-20.50%

JPY

Domestic Corporate Goods Price Index (MoM) - Jan.

23:50

0.10%

0.10%

JPY

Domestic Corporate Goods Price Index (YoY) - Jan.

23:50

-2.30%

-3.90%


Archive News

This commentary is generic and may not suit all circumstances. Before taking any action, we recommend either contacting your trader for guidance or obtaining independent financial advice. The information in this document was obtained from sources believed to be reliable but its accuracy and completeness cannot be guaranteed. The views and recommendations in this communication are typically short term trading views. Comments constitute views at the time of writing and are subject to change without notice. The rates shown are all indications. For specific quotations, please contact your usual trader. This document is not intended as an offer, solicitation or recommendation to buy or sell.