The Swiss National Bank president Philipp Hildebrand repeated on Friday that they will prevent any excessive appreciation of the Swiss franc.
There are rumors that Bernanke’s reelection on Tuesday is in jeopardy.
Dow Jones and S&P500 have broken down their trend lines. If the downtrend continues, it will strengthen the Yen.
This week’s highlights- GDP in England, Canada & U.S. and Rate Interest decisions in U.S. and New Zealand. Another important data will be Fed Chairman Vote.
Daily Trends & Charts
Watch the Fundamentals!(GMT time)
Friday – GB Retail Sales: 0.3% vs. 1.3% exp.
EU Industrial New Orders: 1.6% vs. 0.6% exp.
CAD Core Retail Sales 0.0% vs. 0.3% exp.
TODAY – AU PPI: -0.4% vs. 0.1% exp.
US Existing Home Sales at 15:00.
Tomorrow – AU Banks are closed due to Australia Day.
Japan’s Rate decision
German Business Climate at 09:00.
GB GDP at 09:30.
US Consumer Confidence at 15:00.
US Fed Chairman Vote.
“Trends for today” is presented by Danny Spivak
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