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Starting the day

Posted on November 11, 2008 at 8:49 in Starting the day by Valeria Bednarik

Hello everybody, hope you are fine. Greenback dissolved it early loses yesterday during the American session, and close the day in positive territory against most rivals, followed by the Japanese yen, that also continues strong across the board. Good to notice, market continues in trend, yet majors are starting to move in normal daily ranges, although we may see some more of those amusing days, since are coming back to normal slowly. Europeans, (Euro, Gbp, Swiss Franc) remain close to yesterday’s key levels, and seem ready to break trough. I will post technicals earlier, as today we have Bank Holiday in the U.S. and probably the volume will decrease after Europe close.

Today, we have the following news, East Time:

4:30am GBP Trade Balance (Expected -8.0B Previous -8.2B)

5:00am EUR German ZEW Economic Sentiment (Expected -62.5 Previous -63.0)

5:00am EUR European ZEW Economic Sentiment (Expected -60.0 Previous -62.7)

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