Nov. 20: MARKET REVIEW The FOMC minutes on Wednesday showed the - TopicsExpress



          

Nov. 20: MARKET REVIEW The FOMC minutes on Wednesday showed the Fed was still on track to hike interest rates next year and doesn’t care about the USD appreciation. Few participants expressed concern about the disinflationary pressures. Risk sentiment weakened as China HSBC Flash Manufacturing PMI slipped to the critical 50.0 level (forecast – 50.2). First contraction in 6-months. AUD and NZD lower on the news. USD/JPY: rose to the 7-year high in the area of 118.70 on the expectations Prime Minister Shinzo Abe will win elections and extend his economic stimulus program. Yen fell even despite Japanese exports rose the most in 8 months. EUR/USD: consolidates at 1.2530 after hitting 1.2600 on Wednesday. Watch the euro zone’s PMI releases at 8:00- 9:00 GMT (forecasts – slight improvement). GBP/USD: edged down to 1.5660. Britain will release retail sales at 09:30 GMT.
Posted on: Thu, 20 Nov 2014 07:07:26 +0000

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