CurrencyTime(GMT)Release Month Consensus Prior
GBPM 23:01 BRC Retail Sales Monitor Sept 1%AUD T 0:30 NAB Australia business confidence Sept 5 5JPY T 5:00 Consumer Confidence Sept 42 43.5GBP T 8:30 UK consumer prices Sept .5%GBP T 8:30 UK Trade Balance Aug -4.7b -4.8bUSD T 18:00 FOMC MinutesCHF W 7:15 Swiss Producer Prices Sept
.5%GBP W 8:30 UK Claimant Count Sept 2.3KEMU W 9:00 EMU Industrial Production Aug 0%USD W 12:30 US Import Prices Sept 4.1%AUD T 1:30 Australia Consumer Inflation Expectations Oct 3.1%EUR T 8:00 ECB monthly reportUSD T 12:30 US Jobless Claims Oct 445KUSD T 12:30 US Producer Prices Sept
The Euro broke 1.39 continuing the run that began in early September. The move in the EUR/USDis more a function of the dollar weakness then euro strength. The spread between German 2 yearyields and US 2 year yields have widened out to 47 basis points which makes holding dollarsexpensive.
Despite effort from the BOJ in the form of intervention and easing of interest rate policy, the Yencontinued to strengthen this week. The USD/JPY broke through the 83-82 level, and continues totest the resolve of the BOJ. Japan will need to find a solution to the strengthening Yen beyondunilateral intervention. The issue is that every government seems to want a weaker currency.A better than expected employment report in Australia, pushed the AUD/USD currency pair to anall time intra-day high. The currency pair is close to par, and with the likelihood of the RBA raisingrates to 4.75 percent in November, the 1-1 relationship will likely move in favor of the AUD.
Gold Prices moved to an all time intra-day high of 1366, and closed at 1347 higher on the week.Gold prices continue to show strength and rebounded after the disappointing US employmentreport, as a QE 2 by the FOMC is likely pushing gold prices even higher.
For more market analysis and news visit
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and be willing to acceptthem in order to trade in the foreign exchange market. Don't trade with
money you can't afford to lose.
VIEW & TRADING IDEAS