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Starting the day

Posted on October 28, 2008 at 9:38 in Starting the day by Valeria Bednarik

Hello everybody hope you are fine! A choppy Monday to begin the week, but with greenback again being the winner, yet with majors more calm ahead of bigger events this week, starting tomorrow, with the FOMC rate decision in the U.S. During Asian session stocks rebounded enough to send the yen down, and for now, Europe stocks are just fighting to be positive, giving some relief to majors, that are presenting a shy correction of the long bearish trend. Let’s see what technicals say about that.

Today, we have the following news, East Time:

06:00 GBP MPC Member Gieve Speaks

07:00 GBP CBI Realized Sales (Expected -35 Previous -27)

09:00 USD S&P/CS Composite-20 HPI y/y (Expected -16.6% Previous -16.3%)

10:00 USD CB Consumer Confidence (Expected 52.2 Previous 59.8)

10:00 USD Richmond Manufacturing Index (Expected -21Previous -18)

13:15 GBP MPC Member Besley Speaks

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