Forex Trading (dollar Fall Inflation Effect)

The dollar weakened on speculation U.S. government reports this week will show slowing retail sales and inflation in October, allowing the Federal Reserve to consider interest-rate cuts. The dollar slipped on Monday on worries that central banks might gradually shift their foreign exchange reserves away from the currency.

The dollar hit a 2 ½ month low versus the Euro and an 18-month low against sterling on Friday after People's Bank of China Governor restated that Beijing planned to diversify its estimated $1 trillion in reserves. "News that China, which holds the world's largest foreign exchange reserves, plans to diversify its assets could for now support yen buying sentiment,"

The yen's gains may be tempered by speculation Japan's economic growth failed to accelerate in the third quarter. Gross domestic product grew at an annual 1% rate, matching the slowest expansion since 2004,

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Saudhi Arabia Cuts Asian Expots

Crude oil rose after Saudi Arabia's state oil company informed customers in Asia it will cut exports for a second month in December. State-owned Saudi Aram Co is reducing exports after The Organization of Petroleum Exporting Countries (OPEC) in October agreed to cut output by 1.2 million barrels a day to stem a slide in prices from July's record of $78.40 a barrel. Saudi Arabia, the biggest oil producer in OPEC, sells at least 50 percent of its crude to Asia.

“OPEC is serious about balancing the market by cutting production,” Anthony, assistant general manager of international petroleum business at Mitsubishi Corp., “The Saudi cut reinforces OPEC's decision.” Oil had its biggest decline this month on Nov. 10, falling $1.57, or 2.6%, to $59.59 a barrel after the International Energy Agency cut its global oil demand forecast for a third time.

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Forex Trading (dollar Fall Inflation Effect)

The dollar weakened on speculation U.S. government reports this week will show slowing retail sales and inflation in October, allowing the Federal Reserve to consider interest-rate cuts. The dollar slipped on Monday on worries that central banks might gradually shift their foreign exchange reserves away from the currency.

The dollar hit a 2 ½ month low versus the Euro and an 18-month low against sterling on Friday after People's Bank of China Governor restated that Beijing planned to diversify its estimated $1 trillion in reserves. "News that China, which holds the world's largest foreign exchange reserves, plans to diversify its assets could for now support yen buying sentiment,"

The yen's gains may be tempered by speculation Japan's economic growth failed to accelerate in the third quarter. Gross domestic product grew at an annual 1% rate, matching the slowest expansion since 2004,

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trademarketnews.blogspot.com

Us Falls On Oil Effect

US stock fall for the first time in this week on higher oil price and also because of weaker then expected consumer confidence and on the information that house hold spending won’t support economic growth. Wal-Mart Stores Inc., the world's largest retailer, and Procter & Gamble Co., the biggest consumer-products maker, dropped on the prospect of lower consumer spending. The question in the minds of the investor arise is that weather this will lead to some thing more serious that impact on profit.

A group of health-care stocks in the S & P's 500 Index fell the most in three years. Drug makers Pfizer Inc., Merck & Co. and Johnson & Johnson retreat on speculation a Democrat-controlled Congress will reduce subsidies for medicine.

Oil climbed to the highest this month after the government said U.S. diesel supplies fell for a fourth week. Crude for December delivery rose 2.2 percent to $61.16 a barrel in New York.

President of Federal Reserve Chicago Michael Moscow, yesterday he said that Inflation is a greater threat when as compared to slowing growth and for the only reason Fed Res has kept its targeted interest rate at 5.25 % in the past three meetings after straight increase and the policy maker set their next rates on Dec 12.

Forex Trading Suggestions

The yen broke a two-day decline against the dollar after Bank of Japan Governor Toshihiko Fukui said higher interest rates would extend a recovery in the world's second-largest economy.

Today Fukui told lawmakers that gradual rate adjustments would help nurture long-lasting economic growth. Japan releases gross domestic product data Nov. 14, a day before the central bank meets to set rates. The dollar also fell against the Euro on speculation central banks will diversify reserves by selling U.S. assets. Yen rose 0.3 % to 117.55 per dollar in Tokyo from 117.93 in New York yesterday. It climbed to 151.17 per Euro from 151.28 yesterday, when it fell to a record 151.48. Muta forecast that yen will rise to 117.15 per dollar and 150.80 against the Euro today. The U.S. currency fell to $1.2857 per Euro from $1.2829 yesterday.

The BOJ's overnight lending rate of 0.25 % is the lowest among major economies, after the first increase in almost six years in July. The Federal Reserve held its benchmark at 5.25 % for a third meeting last month. The European Central Bank left its key rate at 3.25 % last week.