BEDFORD, Mass.—-Interactive Data Corporation , a leading provider of financial market data, analytics and related services, today announced its intention to acquire the majority of NTT DATA Financial Corporation from NTT DATA Corporation for 1.9 billion yen in cash.
EUR/CHF is our Trend for Today
Inflation in the U.S. is expected to have eased in October to 4.1% from 4.9%, as oil prices have dropped 60% from their peak. If yesterday?s record drop in producer prices is any indication then we may see a similar reduction in the headline inflation number, but an increase in core prices.
After peaking to a high of 103.50 in September, the CADJPY plunged to a low of 70.98 on 10/27, and may retest last month?s low over the week as risk sentiment continues to drive price action in the currency market.
Australia faces the risk of recession at the beginning of next year as the Westpac leading index plunged to the lowest in 23 years. The Euro and British Pound remained range-bound in overnight trading.
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Identifying Trades with DailyFX 11.19.08 (Daily FX)
Wed, 19th of November, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD made indecisive movement by opened and closed at almost the same price ( 1.2633 and 1.2636) formed a Doji candlestick formation on daily chart.
IBD did not say today was a follow-through and it makes a lot of sense. We are still in an area where a big-volume move of over 2-4% would put the rally into a confirmed rally.
British pound remains under pressure as UK CPI fell more than expected on Tuesday, while the release of the BOE’s November meeting minutes could signal additional rates cuts. Likewise, US CPI is forecasted to cool, though the FOMC October 28-29 meeting minutes could be a better gauge of the Fed’s bias.
After getting beaten down the past two trading session, the market looked to be lower once again pre-market as futures were down and Asia had another day of selling. Futures did move higher however throughout the morning, which gave stocks a slight boost. The morning trading was up and down, but did have an upward bias throughout
