Fundamental
Relief Over Payrolls Supports Risk Taking...For Now News and Events:
There was considerable hype leading up to Friday's US data with many considering the payroll numbers to be the awaited trigger for an upswing in the US. A large surprise to the upside would have further discouraged the Fed from introducing...
Risk Appetite Keeps Markets Propped Market Brief
Markets have opened in the green this morning, bolstered by continued buildups in risk appetite following Friday's rather optimistic NFP number. To highlight Friday's report, Nonfarm payrolls reported a drop of -54K jobs versus an expected drop...
Noda Fails To Halt Yen Buying News and Events:
The recent void in fresh data was quickly eclipsed by a frenzy in JPY and USD buying which pushed USDJPY down to a 15 year low at 84.58 (at time of writing) and EURJPY below its Fibonacci level at 106.30. Remember the market importance of the...
Flash Comment - US: positive employment report
Private employment expanded by 67,000 in August, primarily in the service sector. Net revisions added a further 66,000. Aggregate private hours worked held stable but a gain in average earnings leaves income growth at a healthy pace. The...
Flash Comment US: gradual manufacturing slowdown continues
The ISM fell less than expected to 55.5 in July, but the headline masked weaker details as both the production and new orders indices deteriorated further The details of the report as well as our fundamental analysis continue to point to further...
Flash Comment Japan: DPJ suffers defeat and faces political deadlock
The ruling DPJ-led coalition government suffered a severe defeat in connection withthe Upper House election and lost its majority. DPJ still has a majority in the moreimportant Lower House and hence the government will remain in power. However,...
| Central Bank | Last Rate | Date Changed | Current Rate |
|---|---|---|---|
| European Central Bank (ECB) | 1% | Jul 8, 2010 | 1% |
| Swiss National Bank | 0.25% | Jun 17, 2010 | 0.25% |
| Reserve Bank of Australia | 4.5% | Jul 6, 2010 | 4.5% |
| Bank of Canada | 0.5% | Jul 20, 2010 | 0.75% |
| Reserve Bank of New Zealand | 2.5% | Jun 10, 2010 | 2.75% |
Economic Calendar
| (UTC) | Curr. | Evt. | Imp. | For. | Act. | Prev. |
|---|---|---|---|---|---|---|
| Sep 7, 2010 | ||||||
| 22:45 | NZD | Manufacturing Sales q/q |
|
0.9% | ||
| 23:01 | GBP | Nationwide Consumer Confidence |
|
|||
| 23:01 | GBP | BRC Shop Price Index y/y |
|
1.5% | ||
| 23:50 | JPY | Core Machinery Orders m/m |
|
2.0% | 1.6% | |
| 23:50 | JPY | Bank Lending y/y |
|
-1.8% | ||
| 23:50 | JPY | M2 Money Stock y/y |
|
2.6% | 2.7% | |
| 23:50 | JPY | Current Account |
|
1.38T | 1.36T | |
| Sep 8, 2010 | ||||||
| 01:30 | AUD | Home Loans m/m |
|
1.1% | -3.9% | |
| 05:00 | JPY | Economy Watchers Sentiment |
|
50.3 | 49.8 | |
| 06:00 | EUR | German Trade Balance |
|
12.8B | 12.3B | |