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Hourly Chart for Week of ...
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Sunday, November 30
Region EST Indicator Actual Forecast Previous
AUS AUS 5:30pm + Manufacturing PMI
32.7
40.4
AUS AUS 6:30pm + TDMI Inflation Gauge
-0.6%
-0.2%
AUS AUS 7:30pm + Company Operating Profits q/q
5.2%
3.3%
15.7%
R
Revised from 14.3%
JPN JPN 8:30pm + Average Cash Earnings y/y
-0.1%
0.1%
0.2%
R
Revised from 0.1%
JPN JPN 11:30pm BOJ Governor Shirakawa Speaks
Monday, December 01 |  
  • AUD/JPY - Aussie Slides on Risk Aversion, Falls in Global Stocks:  The Aussie-Yen pair fell in overnight trading, testing support around the 60 level after a more than 200 pip slide. From there the pair consolidated. Stocks in Sydney and Tokyo were down around 1.5%, while European and US stocks saw deeper declines. That attributed to an increase in risk aversion and gains by the Yen and US Dollar.

    AUD/JPY 

  • EUR/JPY - Euro Stocks Slide, Pressuring Euro vs Yen:  The Euro-Yen plunged 370 pips during today's session, falling from 121.40 to 117.70. Key indexes in Europe were off more than 5% as the weak manufacturing data surprised forecasts on the downside and joined news from the UK, China and Russia also showing record-pace contractions in manufacturing activity the last month. The Euro was already falling to end last week, and its next key level of support is at the 116.50 level.

    EUR/JPY 

  • GBP/JPY - Pound Falls 800 Pips to Yen as Traders Price in Larger Rate Cuts:  With poor UK releases from the manufacturing and housing sector, and risk aversion dominating overnight and NY trading, the Pound plunged more than 800 pips vs. the Yen, wiping away the rally that started on November 21st.

    GBP/JPY 

  • GBP/USD - Pound Slides 580 Pips vs Dollar: The Pound-US Dollar pair started the week at the 1.54 level, broke support at 1.5250, and fell to new support at 1.48, a total change of 580 pips. Traders are betting on a more aggressive rate cut by the Bank of England.

    GBP/USD

  • EUR/GBP - Euro Surges 270 Pips on Pound Weakness:  The Euro-Pound saw a large move as well, surging 270 pips from its open near 0.8240. That up-move wipes away about 4 sessions of gains for the Pound, and the pair is now back to its levels seen to start last week. Traders are most likely expecting bolder action from the Bank of England than they are from the ECB this week.

    EUR/GBP 

  • USD/JPY - Dollar Slides to Yen as US Stocks Open to 5% Drop:  The Dow Jones Index opened to a 450 drop, continuing the sell-off seen in Europe. The Nasdaq and S&P indexes, and oil, were off about 6% as of 3 PM EST. The Dollar-Yen pair fell 220 pips as investor sentiments soured, before finding support at the 93 level. That's the lowest the pair has been since October 28th.

    USD/JPY 

Market Highlights
Region EST Indicator Actual Forecast Previous
AUS AUS 12:30am + RBA Commodity Index y/y
35.0%
35.9%
R
Revised from 32.4%
GER GER 2:00am + Retail Sales m/m
-1.6%
0.5%
-1.0%
R
Revised from -2.3%
SWZ SWZ 3:30am + SVME PMI
35.2
45.5
47.0
EMU EMU 4:00am + Manufacturing PMI
35.6
36.2
36.2
UK UK 4:30am + Manufacturing PMI
34.4
39.8
40.7
R
Revised from 41.5
UK UK 4:30am + Net Consumer Lending
1.3B
2.2B
1.8B
R
Revised from 2.4B
UK UK 4:30am + Mortgage Approvals (BOE)
32K
32K
33K
CAN CAN 8:30am + Gross Domestic Product
0.1%
0.2%
-0.3%
USA USA 10:00am + ISM Manufacturing Index
36.2
37.2
38.9
USA USA 10:00am ISM Manufacturing Prices
25.5
33.0
37.0
USA USA 10:00am + Construction Spending
-1.2%
-0.9%
0.0%
R
Revised from -0.3%
USA USA 1:45pm Fed Chairman Bernanke Speaks
USA USA 3:00pm Treasury Secretary Paulson Speaks
JPN JPN 6:50pm M3 Money Supply y/y
2.0%
1.4%
AUS AUS 7:30pm + Retail Sales m/m
0.1%
0.2%
AUS AUS 7:30pm + Current Account
-11.2B
-12.8B
JPN JPN 10:00pm BOJ Monetary Policy Report
AUS AUS 10:30pm + RBA Interest Rate Statement
4.50%
5.25%
Tuesday, December 02
Region EST Indicator Actual Forecast Previous
SWZ SWZ 1:45am + Consumer Price Index m/m
-0.3%
0.5%
UK UK 3:00am + House Prices m/m (Halifax Bank of Scotland)
-1.0%
-2.2%
UK UK 4:30am + Construction PMI
33.8
35.1
EMU EMU 5:00am + Producer Price Index m/m
-0.3%
-0.2%
USA USA 11:30am Treasury Secretary Paulson Speaks
USA USA 4:00pm + Motor Vehicle Sales
10.5M
10.6M
AUS AUS 5:30pm + Services PMI
42.1
UK UK 7:01pm + Consumer Confidence Index (NCCI)
54
55
AUS AUS 7:30pm + Gross Domestic Product q/q
0.2%
0.3%
NZ NZ 9:00pm + Commodity Price Index (ANZ)
-7.4%
Wednesday, December 03
Region EST Indicator Actual Forecast Previous
EMU EMU 4:00am + Services PMI
43.3
43.3
UK UK 4:30am + Services PMI
41.2
42.4
EMU EMU 5:00am + Retail Sales m/m
-0.4%
-0.2%
UK UK 5:30am + BRC Shop Price Index y/y
3.0%
USA USA 8:15am + ADP Employment Change
-200K
-157K
USA USA 8:30am + Labor Productivity q/q
1.0%
1.1%
USA USA 8:30am + Labor Costs q/q
3.6%
3.6%
USA USA 10:00am + ISM Non-Manufacturing Index
42.5
44.4
USA USA 2:00pm Beige Book
NZ NZ 3:00pm + RBNZ Interest Rate Statement
5.00%
6.50%
JPN JPN 6:50pm + Capital Spending q/q
-9.9%
-6.5%
AUS AUS 7:30pm + Building Approvals
0.2%
-7.2%
AUS AUS 7:30pm + Trade Balance
1.45B
1.46B
Thursday, December 04
Region EST Indicator Actual Forecast Previous
SWZ SWZ 1:45am + Gross Domestic Product q/q
0.0%
0.4%
EMU EMU 5:00am + Gross Domestic Product q/q
-0.2%
-0.2%
UK UK 7:00am + BOE Interest Rate Statement
2.00%
3.00%
EMU EMU 7:45am + ECB Interest Rate Statement
2.75%
3.25%
CAN CAN 8:30am + Building Permits
-6.0%
13.4%
EMU EMU 8:30am ECB President Trichet Speaks
USA USA 8:30am + Jobless Claims
540K
529K
CAN CAN 10:00am + Ivey PMI
50.0
52.2
USA USA 10:00am + Factory Orders
-4.0%
-2.5%
UK UK 10:30am + Leading Index
-1.1%
USA