German October import price index 29 Nov - 0.1% prev - yy -0.6% vs -0.8% exp vs -1.8% prev - petrol products mm 9.2% - export prices mm 0.3%, yy -0.1% Stronger than expected import prices. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. Stocks In News Economic Times Forex Forex Online Review Trading In Mozambique Economic Times India's Leading Business Newspaper offers Business News, Financial news, Stock/Share Market News, Economy News, Loans & Banking News, Live Stocks Stock Market India News and analysis on BSE NSE Stock SENSEX Nifty and Share Market Statistics Global Markets IPOs Real Estate Bonds Forex and the more information we get between now and decision day the better USDJPY trading range ahead of other major pairs The trading in the Asia-Pacific session is off to a quiet start for the major currency pairs Looking at the table below, the major pairs against the US dollar have very narrow trading ranges. Let's see how that reflects in the CPI data to come today. 20 pips Even the USDCAD had a narrow 36 pip trading range even though Bank of Canada's Governor Poloz gave a speech, answered questions and then had a press conference. Goldmans offer their take on this week's OPEC meeting 29 Nov Courtesy of our good friends at Livesquawk - if the proposed OPEC production cut to 32.5 Mb/D is agreed to, we would expect prices to rally to the low $50s/Bbl, with observed implementation required to support prices further Brent currently $ 48.72 WTI $46.63 both off session highs Expectations are for a Mo M gain of 0.1% and Yo Y 0.8% The German Lander reports for the November CPI will be released during the European morning session (from 0900 GMT to 1200 GMT).
Brazilian football team Chapocoense are among 81 passengers on a plane that has crashed on its approach to Medellin Airport, Colombia BBC reporting The chartered plane, flying from Bolivia, was carrying members of the Chapocoense football team, airport officials said. The good news for traders coming in the European and London session, you have a clean slate for which to draw a bullish or bearish bias...perhaps. Later at 1300 GMT, the headline and harmonized figures will be released for Mo M and Yo Y. The AUDUSD has moved below trend line support at the 0.7471 level, and that has helped to turn the technical picture a bit more bearish. Answering Q&A - Uncertainty we saw during October rate decision is still present, - We need to still monitor that uncertainty - current situation is fuzzy one. Stocks In News Economic Times Forex National Stock Exchange Of Libya Stock Market India News and analysis on BSE NSE Stock SENSEX Nifty and Share Market Statistics Global Markets IPOs Real Estate Bonds Forex and Commodity Market & Exchange. Tap to install the free Economic Times app! ET Market. Stock Markets Review Forum, News, Reports, Analysis. US, Canada, UK, Australia, Singapore, India, China, etc. Economy and stock markets news & analysis. Economic Times India's Leading Business Newspaper offers Business News, Financial news, Stock/Share Market News, Economy News, Loans & Banking News, Live Stocks It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares.