Sterling Commentary for 13-Nov-09

 

Sterling Commentary provided by GCI Financial, Ltd.:
Tables & Charts

The British pound fell vis-à-vis the U.S. dollar today as sterling tested bids around the US$ 1.6515 level and was capped around the $1.6625 level. Sterling was off sharply yesterday after the release of the Bank of England quarterly inflation report suggested inflation could exceed 2% in two years even if the central bank were to lift rates now. CML Q3 home repossessions fell but are expected to increase in 2010. BoE Governor King yesterday reported he has an “open mind” on future increases to the BoE’s asset purchase program. Cable bids are cited around the US$ 1.6410 level. The euro moved lower vis-à-vis the British pound as the single currency tested bids around the £0.8975 level and was capped around the £0.9065 level.

SCHEDULE

Thursday, 12 November 2009

all times GMT

(last release in parentheses)

N/A NZ October performance of manufacturing index (51.7)

N/A NZ October REINZ house sales (43.7% y/y)

N/A Japan October bankruptcies (-18.0% y/y)

0000 Australia November consumer inflation expectations (3.5%)

0030 Australia October employment change (40,600)

0030 Australia October unemployment rate (5.7%)

0400 Japan October Tokyo-area condominium sales (26.2% y/y)

0745 France September current account (-€3.7 billion)

0900 Eurozone European Central Bank monthly bulletin

1000 CH November ZEW survey, expectations (65)

1000 Eurozone September industrial production (0.9% m/m)

1000 Eurozone September industrial production (-15.4% y/y)

1200 US MBA mortgage applications

1330 US Weekly initial jobless claims

1330 US Continuing jobless claims

1330 US September new house price index (0.1% m/m)

Friday, 13 November 2009

all times GMT

(last release in parentheses)

0430 Japan...continued 

Sterling Focus
 
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

13-Nov-09
EUR/GBP Fwd-1 Yr This marker indicates the current chart. 2.0000 0.0000 0.00% 12-Mar-09 2,249.0000 2-Feb-09 -198.6960
GBP/AUD This marker indicates the current chart. 1.7976 0.0066 0.37% 20-Nov-08 2.3903 14-Oct-09 1.7406
GBP/CAD This marker indicates the current chart. 1.7582 0.0078 0.44% 29-Jun-09 1.9218 12-Oct-09 1.6353
GBP/CHF This marker indicates the current chart. 1.6930 0.0070 0.41% 27-Nov-08 1.8477 29-Dec-08 1.5254
GBP/EUR This marker indicates the current chart. 1.1217 0.0051 0.46% 28-Nov-08 1.1965 30-Dec-08 1.0250
GBP/JPY This marker indicates the current chart. 149.8000 0.1500 0.10% 7-Aug-09 162.7200 23-Jan-09 121.5300
GBP/USD Fwd-1 Yr This marker indicates the current chart. -59.5000 0.0000 0.00% 10-Mar-09 70.2000 11-Jan-09 -68.8000
USD/GBP This marker indicates the current chart. 0.5995 -0.0031 -0.52% 23-Jan-09 0.7306 5-Aug-09 0.5892
 
Interest Rates

13-Nov-09
USD 3M LIBOR This marker indicates the current chart. 0.2700% -0.0020% -0.74% 17-Nov-08 2.2390% 13-Nov-09 0.2700%
 
Indices

13-Nov-09
NASDAQ This marker indicates the current chart. 2,149.02 -17.88 -0.83% 19-Oct-09 2,176.32 9-Mar-09 1,268.64
 

source: DTN Market Access

part 1...September capacity utilization (2.3% m/m)

0430 Japan September industrial production

0500 Japan October consumer confidence (40.7)

0700 Germany Q3 gross domestic product (-7.1% y/y)

0700 Germany Q3 gross domestic product (0.3% q/q)

0745 France October consumer price index, harmonized (-0.4% y/y)

0745 France October consumer price index (-0.2% m/m)

0750 France Q3 gross domestic product (0.3% q/q)

0750 France Q3 gross domestic product (-2.8% y/y)

0815 CH October producer and import prices (0.2% m/m)

0815 CH October producer and import prices (-4.9% y/y)

0900 Italy Q3 gross domestic product

1000 Eurozone Q3 gross domestic product (-0.2% q/q)

1000 Eurozone October consumer price index (0.0% m/m)

1000 Eurozone October consumer price index (1.2% y/y)

1330 US September trade balance (-US$ 30.7 billion)

1330 US October import price index (0.1% m/m)

1330 US October import price index (-12.0% y/y)

1330 Canada September international merchandise trade (-C$ 2.0 billion)

1500 US November University of Michigan consumer sentiment

1630 France European Central Bank member Noyer speaks

1630 France Federal Reserve Bank of Chicago President Evans speaks

DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

SUPPORT   RESISTANCE

 
L1.       1.6115 1.6685 
L2.       1.5720 1.6830 
L3.       1.5405 1.7040

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DISCLAIMER: Commentary and market information is provided for informational purposes only.  The information contained in this report is gathered from reputable sources and is not intended to be used as investment advice.  theFinancials.com assumes no responsibility or liability from gains or losses incurred by the information herein contained.