Market Notes:
Obama’s speech “to combat unemployment” had a positive effect on a risk appetite- we can see it in an AUD and NZD strengthening.
USD has weakened on a disappointing home sales data.
EUR/USD has dropped below 1.40 in the Asian session on the “Portugal and Spain may be the “next Greece” rumors.
Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Yesterday – UK CBI Realized Sales: -8 vs. 11 exp.
US New Home Sales: 342K vs. 372K.
US Federal Interest Rate: 0.25% as exp.
NZ Interest Rate: 2.50% as exp.
TODAY – US Core Durable Goods Orders at 13:30.
US Unemployment Claims at 13:30.
Fed Chairman Confirmation Vote.
NZ Building Consents at 21:45.
Tomorrow – UK House Price Index at 07:00.
EU Unemployment Rate at 10:00.
Swiss Economic Barometer at 10:30.
Canadian GDP at 13:30.
US GDP at 13:30.
Good Day!!!
“Trends for today” is presented by Danny Spivak
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