MORNING BRIEFING: EUR/USD still in range trading 1.4800 – 1.5100.

[RTFX-Trading]

MORNING BRIEFING: EUR/USD still in range trading 1.4800 – 1.5100.

What’s new:
Germany: partial unemployment is extended.
SNB : Roth - unconventional measures successful.
Germany: producer prices stable in October.
Japan central bank more optimistic than the government, leaves interest rates unchanged.

Today:


Rates in Asia and Indices:
EURUSD: 1.4977 - 1.4840.
USDCHF: 1.0193 - 1.0092.
EURUSD: 1.6595 - 1.6473.
EURJPY: 132.98 - 131.85.
USDJPY: 89.02 - 88.57.
Dow Jones: 10'318 -0.14%.
NASDAQ: 2'146 -0.50%.
S & P 500: 1,091 -0.32%.
Nikkei: Closed.
Shanghai: 3'315 +0.21%.
Gold: $1'162.
Crude oil: $78.28.
 
Comments:
This week is important in the United States for dealers with the "Black Friday" after Thanksgiving Day, millions of Americans will start shopping, which should give the trend for the Christmas shopping.

The markets are still relatively stable, the EUR/USD is still stuck in the range between 1.4800 - 1.5100. Gold has again reached a new historic high against the Dollar, which shows supreme confidence in the markets. The 'carry trades' are always bid, while the US Dollar is slightly under pressure.

Have a 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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