Thursday, December 14, 2006

Forex News: 14.12.2006 Yen does not want to consolidate its position

“The index of retail sales was above expectations, which supported dollar, but Eurodollar was not able to get over the kea level of 1.3200. This indicates a great possibility of ascending trend”, Georgiy Fedotov, NorthFinance financial analyst says.

”Today, the great amount of news is released. The retail sales in Great Britain in November are published at 12.30a.m. (Moscow time). The analysts expect serious drop of the index, from 0.9% to -0.1%. Jobless claims in the USA are published at 4.30p.m (Moscow time). The index is to fall slightly, from 324K to 321K.

At night (Moscow time), significant Japan’s data is published: Tertiary activity index in October and Tankan. At the moment yen does not want to consolidate its position toward dollar, which is connected with great probability of unchanged interest rates until the end of the year.”


Post a Comment

<< Home