Trends for Today 11/02/2010

Market Notes:

Germany is considering loan guarantees for Greece and other troubled EMU members to prevent contagion to banks and other countries. However no decision has been made yet. The related discussion will be held behind closed doors today. So watch the EUR closely.
Australian unemployment rate has fallen to 5.3% after 52.7K new employees joined the job market. I think that the risk appetite is about to rise again.

Ben Bernanke’s hearing in front of Congress was cancelled yesterday due to the snow chaos in Washington, but statement was published nonetheless, which is considered to be positive for the dollar.

Daily Trends* & Charts

Watch the Fundamentals!(GMT time)


Australian Home Loans: -5.5% vs. -4.8% exp.
Chinese Trade Balance: 14.2B vs. 20.2B exp.
UK Manufacturing Production: 0.9% vs. 0.4% exp.
Canadian Trade Balance: -0.2B vs. -0.1B exp.
US Trade Balance: -40.2B vs. -35.8B exp.

Japanese Bank Holiday due to National Foundation Day.
Australian Employment Rate: 5.3% vs. 5.6% exp.
ECB Economic Summit.
US Unemployment Claims at 13:30.
NZ Retail Sales at 21:45.

German Prelim GDP at 07:00.
US Core Retail Sales at 13:30.
US Consumer Sentiment at 14:55.

Good Day!!!
“Trends for today” is presented by Danny Spivak

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