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Euro Yen Vacillates after Storm
By Benny Nardino | December 18, 2005
There were significant selling off on all yen, JPY related pairs and crosses this morning. After early morning breakdown on the euro-yen, EUR-JPY cross today, the market seemed to have settled down within a trading range of 157.62 and 157.85 in the late morning trades. Should we call the morning after the storm?
The sales numbers from Germany could only exacebate things.
|
7:00am |
German Retail Sales m/m |
-1.5% |
-0.1% |
-1.4% |
|
|
7:30am |
AUD |
Commodity Prices y/y |
45.2% |
|
41.9% |
|
8:30am |
SVME PMI |
52.5 |
53.3 |
54.1 |
|
|
9:00am |
Final Manufacturing PMI |
47.6 |
47.5 |
47.5 |
|
|
9:30am |
Manufacturing PMI |
45.9 |
44.0 |
44.1 |
|
|
9:30am |
Mortgage Approvals |
33K |
35K |
35K |
|
|
9:30am |
Net Lending to Individuals m/m |
4.3B |
3.8B |
4.0B |
Just as we thought the markets have quietened the rising tide begins again. With such volatility across board on all pairs and crosses. It apprears we might be in for a week of significant movement.
Have a great day of trading.
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