Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. Prices provided herein may be provided by market makers and not by exchanges. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. The AUD is trading at 0.9306 while the NZD is holding at 0.8230 The Aussie traded near the lowest level in eight weeks against the greenback as traders weighed the timing of a reduction in Federal Reserve stimulus that has buoyed asset prices around the world. The Australia and the New Zealand dollars are both trading in the green this morning after strong drops yesterday. The EURJPY eased by 17 pips to reach 133.73. Analysts had expected Japan’s Corporate Goods Price Index to rise to 2.5% last month. This morning the Bank of Japan said that Japan’s Corporate Goods Price Index rose to a seasonally adjusted annual rate of 2.5%, from 2.3% in the preceding month. The JPY gained 18 points to trade at 99.46 after trading at 99.64 on tract to climb above the 100 price level. This morning’s data showed a climb in Japanese business prices supporting the Bank of Japan’s stimulus program and “Abenomics”. The Bank of England is now expected to be the first major bank to issue a rate increase. Traders are waiting for the Bank of England inflation report due later this week. Producer Price Index (PPI) declined by 0.6 percent in October as compared to a gain of 1 percent in September. UK’s Consumer Price Index (CPI) gained 2.2 percent in October as against a gain of 2.7 percent in September. The GBP is trading at 1.5890 down by 14 points this morning. The Great British pound tumbled yesterday after inflation data missed expectations. Traders are worried that Fed members will pare the monthly pace of bond buying to $70 billion at their March 18-19 meeting from the current pace of $85 billion, according to the median of 32 economist estimates in a Bloomberg News survey on Nov. Last week, reports showed an unexpected acceleration in GDP (2.8%) and job creation (204k). The Chicago Fed reported that its index of economic activity rose to 0.14 in September from a revised 0.13 the month before, with 47 of the 85 monthly individual indicators making positive contributions. The USD is trading at 81.16 after closing yesterday at 81.22. 18, as policy makers recognized inflation below its 2 percent target could pose risks to the economy. Bernanke, refrained from reducing monthly bond purchases on Sept. 7 to a record 0.25 percent, with ECB President Mario Draghi saying the currency bloc may “experience a prolonged period of low inflation.” The Federal Open Market Committee, headed by Chairman Ben S. The ECB lowered the benchmark rate on Nov.
German Wholesale Price Index (WPI) declined by 1 percent in October as compared to a gain of 0.7 percent in September. The EURUSD reached a high of 1.3456 and closed at 1.3435 on Tuesday. However, sharp upside in the currency was restricted due to strength in the DX. Further, upbeat market sentiments in early part of the trade supported an upside in the currency. The euro appreciated around 0.2 percent yesterday on the back of favorable economic data from the region. Bernanke For The Last TimeThe euro is trading at 1.3446 up b 11 points this morning as sentiment shifted to support the euro building on yesterday’s rally.
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