MORNING BRIEFING: G20 - no protests on the currencies of the G20

[RTFX-Trading]

MORNING BRIEFING: G20 - no protests on the currencies of the G20

What’s new:
UBS: England and Australia in turn call for client’s information.
US: further decline in consumer credit in September.
US: unemployment rate to double digits.
Germany: 0.90% increase in industrial orders.
France: trade deficit at lowest level since 2004.
Switzerland's unemployment rate rose to 4% in October.

Today:


Rates in Asia and Indices:
EURUSD: 1.4976 - 1.4853.
USDCHF: 1.0173 - 1.0083.
EURUSD: 1.6800 - 1.6617.
EURJPY: 135.05 - 133.37.
USDJPY: 90.26 - 89.69.
Dow Jones: 10'023 +0.17%.
NASDAQ: 2'112 +0.34%.
S & P 500: 1,069 +0.25%.
Nikkei: 9'808 +0.20%.
Shanghai: 3'161 -0.08%.
Gold: $1,104.
Crude oil: $78.35.
 
Comments:
The stocks are bid, the "carry trades" are up and the metals are rising, while the Dollar is falling. The US economy has lost 190,000 jobs in October, less than expected, but the unemployment rate is up to 10.20%, a level not seen since April 1983, 26 years ago.
 
Regarding the G20, the market believes that given that there were no protests on the G20 currencies, the trend of the US Dollar is bearish, the Euro and the "carry trade” will continue bullish.

Good day.

Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 23 31 00 00
Fax: +356 21 41 24 58
Web: www.rtfx.com

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