MORNING BRIEFING: The dollar continues to appreciate.

[RTFX-Trading]

MORNING BRIEFING: The dollar continues to appreciate.

What’s new:
USA: pending homes sales to the highest since February 2007.
U.S.: GDP seen falling in Q3 2009, expected acceleration in the 4th.
UK: Q3 GDP revised upwards.
Greece: perspectives for Greece are negative.

Today:




Rates in Asia and Indices:
EURUSD: 1.4257 - 1.4236.
USDCHF: 1.0498 - 1.0475.
EURUSD: 1.5979 - 1.5938.
EURJPY: 130.94 - 130.60.
USDJPY: 91.86 - 91.55.
Dow Jones: 10'464 +0.49%.
NASDAQ: 2’252 +0.67%.
S & P 500: 1'118 +0.36%.
Nikkei: Closed.
Shanghai: 3'047 -0.11%.
Gold: $ 1'084 .70.
Crude oil: $ 74.35.

Comments:

The risk appetite is back in this period of year-end, the market is optimistic about the global economic recovery, while the concerns of the Greek debt decreases. The Japanese yen is down against its major rivals to 91.70 against the U.S. dollar and 130.75 against the euro. The U.S. dollar is still rising, investors expect the Fed raises interest rates sooner than other industrialized countries.

Today, the publication of the minutes of the last monetary policy meeting of the Bank of England is expected to 10:30 CET. The market expects that the two major decisions to keep interest rates at 0.5% and the amount of the repurchase program assets to 200 billion pounds had been taken unanimously.

Have a nice 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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