ZuluTrade Blog

EURUSD fell to a 2 month low overnight...

Market View | Tuesday, November 13, 2012 3:23 AM GMT

Good Morning ,


- EURUSD fell to a 2 month low overnight at  1.2672 .

- Stocks: Nikkei -0.18 %, Hang Seng -0.78 %, Shanghai Composite -1.33 %, Dow Jones  +  S+P500  flat

- Greece's international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country's debt pile. Euro zone finance ministers gathered in Brussels did not disburse more aid to the debt-ridden country and by granting a request from Athens for more time, face an extra funding bill of around 33 billion euros, according to a document prepared for the meeting.

- Ecofin Juncker sees decision on Greece on 20-November-2012.

- Greek Finance Minister Yannis Stournaras claimed victory at a meeting with his euro-area counterparts, saying Greece is on course to gain two extra years for reaching budget-austerity targets and to unlock aid payments. Speaking after the gathering of euro-area finance chiefs and International Monetary Fund Managing Director Christine Lagarde, Stournaras said they will give Greece until 2016 to meet goals for narrowing the spending gap. He also said the country will receive a 31.3 billion-euro disbursement of emergency funds in late November or early December.

-Japan Data Recap                        Period       Survey     Actual     Prior

* Industrial Production mom          Sep F           -         -4.1 %     -4.1 %

* Industrial Production yoy             Sep F           -         -8.1 %    -8.1 %

* Capacity Utilization mom             Sep F            -        -5.5 %     -2.6 %


- Australia Data Recap                    Period     Survey         Actual       Prior

* NAB Business Conditions               Oct            -               -5              -3

* NAB Business Confidence              Oct             -              -1               0


- Australian dwelling investment is showing “tentative signs” of picking up as demand outstrips supply, helping offset a resource-industry slowdown, according to the Reserve Bank of Australia. “It looks likely that dwelling investment will pick up at a relatively moderate rate in the medium term,” Jonathan Kearns, head of economic analysis at the RBA. The expected increase would “in part offset the smaller contribution to growth that we expect from resource investment in the coming years,” he said.

- New Zealand Data Recap          Period     Survey        Actual     Prior

* Food Prices mom                       Oct            -           -0.6 %     -0.9 %


- UK Data Recap                   Period      Survey      Actual     Prior

* RICS House Price Balance   Oct       -15.0 %      -7.0 %    -14 %





US NFIB Small Business Optimism Oct


US IBD/TIPP Economic Optimism Oct


Fed Yellen


France Current Account Q3 P


France Non-Farm Payrolls Q3 P


Germany ZEW Survey Nov


Eurozone ZEW Survey Nov


Greece to sell 28 + 91 day bills








Switzerland PPI Oct


Sweden CPI Oct


NZ Retail Sales Oct


Have a nice day

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