MORNING BRIEFING: the euro against the dollar still under pressure.

[RTFX-Trading]

MORNING BRIEFING: the euro against the dollar still under pressure.

What’s new:
Japan : Nikkei up 0.93%.
United States: the weak economy would prevent inflation.
U.S.: Industrial production up 0.80% in November.
United States: net outflows of $ 13.9Mrds in October.
U.S.: Net increase in producer prices in November.
United States: unexpected drop in the index "Empire State" in December.
France: the inflation rate becomes positive in November.

Today:



Rates in Asia and Indices:
EURUSD: 1.4560 - 1.4510.
USDCHF: 1.0426 - 1.0396.
EURUSD: 1.6278 - 1.6240.
EURJPY: 130.46 - 129.94.
USDJPY: 89.72 - 89.38.
Dow Jones -0.47% 10'452.
NASDAQ: 2'201 -0.50%.
S & P 500: 1'107 -0.55%.
Nikkei: 10'177 +0.93%.
Shanghai +0.09% 3'277.
Gold: $ 1,123.
Crude oil: $ 70.70.

Comments:

The U.S. dollar is rising against all its major rivals due to expectations of higher U.S. interest rates sooner than expected. The producer price index in November and a favorable report on industrial production provide new evidence that the U.S. economy is now recovering and creating inflation. The euro is still penalized from persistent concerns regarding the sovereign debt of Greece and other countries in the region.

An interesting day of trading is expected, the calendar of economic news is very busy. The FOMC meeting tonight is highly anticipated.

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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