MORNING BRIEFING: Investors await monetary policy of many central banks this week.

[RTFX-Trading]

MORNING BRIEFING: Investors await monetary policy of many central banks this week.

What’s new:
US: White House predicts a rebound in employment in spring 2010.
Oil: barrel ends below $70 in New York.
U.S: Consumer confidence has improved in December.
US: higher than expected retail sales.

Today:


Rates in Asia and Indices:
EURUSD: 1.4685 - 1.4598.
USDCHF: 1.0362 - 1.0295.
EURUSD: 1.6325 - 1.6190.
EURJPY: 130.64 - 129.18.
USDJPY: 89.32 - 88.38.
Dow Jones: 10,471 +0.63%.
NASDAQ: 2,190 -0.03%.
S & P 500: 1'106 +0.37%.
Nikkei: 10'105 -0.02%.
Shanghai: 3'291 +1.36%.
Gold: $1'126.
Crude oil: $69.48.

Comments:
The US Dollar benefited on Friday from the statistics on strong retail sales in the US and the publication of the consumer confidence index from the University of Michigan, which exceeded expectations. Investors await further indications for the monetary policy of many central banks this week, especially for the US Federal Reserve. On Tuesday is the index of consumer prices expected in the UK.

The Japanese Yen gained ground this morning after the publication in Japan of the latest Tankan survey which showed that capital spending remained weak, which resulted in some selling of "carry trades".

The greenback should continue to rise, with the hopes that the recovery of the US economy is strong enough to prompt the Federal Reserve to raise interest rates sooner than expected.

Good week.

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
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