| Currencies Well Bid Post FOMC (Morning Slices) (Daily FX) Market participants have been buying currencies post FOMC, with the Australian Dollar leading the way on favorable yield differentials and a sounder appetite for risk. The relative outperformance in the Aussie has also been fueled by some M&A related activity with China's Yanzhou Coal agreeing to buy Australia?s Felix Resources. us.rd.yahoo.com |
British Pound Volatility Threat High as Currency Markets Focus on BOE Minutes (Euro Open) (Daily FX) The British Pound may be in for a volatile session ahead as the release of minutes from this month?s Bank of England monetary policy meeting top the economic calendar in European hours. us.rd.yahoo.com |
Pernod Ricard: 1st Quarter 2009/10 Net Sales: 1,646 Million (Business Wire) PARIS----Regulatory News: us.rd.yahoo.com |
Swiss Franc Looks to Break Range as Growth Fears Rise (Daily FX) Swiss Franc Looks to Break Range as Growth Fears Rise Fundamental Forecast for Swiss Franc: Bearish - Swiss GDP rose 0.3% in the third quarter ending a yearlong recession - Consumer prices were flat in November from a year ago, after falling for eight straight months - The SVME-PMI rose to 56.9 from 54.0 in October, as manufacturing expanded for a fourth straight month The Swiss Franc tumbled at the end of the week as broad based dollar strength on the back of the strong NFP print. us.rd.yahoo.com |
GBP/USD: Trading the Bank of England Interest Rate Decision (Daily FX) The Bank of England is widely anticipated to hold the benchmark interest rate at 0.50% in January and maintain its GBP 200B asset purchase program as the expansion in monetary and fiscal policy continues to feed through the real economy, and the central bank is likely to hold an improved outlook for future growth as policy makers see the nation emerging from the worst recession since the post-war period. us.rd.yahoo.com |