Weekly Forex Market Followup (October 10th - October 15th 2011)

Key Fundamental Forex Events for the Week of October 10
^th through October 14
^th The following table lists the key economic data and
other events that came out during the week of October 10
^th through the 14
^th, with release times displayed for the GMT time zone.
The list also indicates how much each release deviated from the
market consensus forecast upon release, as well as what the
affected major currency pair or pairs did after each event or set
of events. Monday, October 10
^th 11:30am AUD ANZ Job Advertisements -2.1% versus last
-0.6%. The AUD rose. Tuesday, October 11
^th 6:30pm EUR ECB President Trichet spoke. He said that,
The high interconnectedness in the EU financial system has led to a
rapidly rising risk of significant contagion. It threatens
financial stability in the EU as a whole and adversely impacts the
real economy in Europe and beyond. The EUR was steady. 7:30pm GBP
Manufacturing Production -0.3% versus -0.1% expected. The GBP fell.
11:15pm CAD Housing Starts 206K versus 187K expected. The CAD fell.
Wednesday, October 12
^th 11:30am AUD Home Loans 1.2% versus 1.1% expected. The
AUD rose. 7:30pm GBP Claimant Count Change 17.5K versus 24.4K
expected. The GBP rose. 5:00am USD FOMC Meeting Minutes. They noted
that, Some judged that large-scale asset purchases and the
resulting expansion of the Federal Reserve's balance sheet would be
more likely to raise inflation and inflation expectations than to
stimulate economic activity and argued that such tools should be
reserved for circumstances in which the risk of deflation was
elevated. The USD was mixed. Thursday, October 13
^th 1:30am AUD Employment Change 20.4K versus 10.1K
expected. 1:30am AUD Unemployment Rate 5.2% versus 5.3% expected.
The AUD rose. 3:00 am CNY Trade Balance 14.5B versus 17.1B
expected. 1:30pm CAD Trade Balance -0.6B versus -0.9B expected. The
CAD fell. 1:30pm USD Trade Balance -45.6B versus -46.2B expected.
1:30pm USD Weekly Initial Jobless Claims 404K versus 407K expected.
The USD was mixed. Friday, October 14
^th 3:00am CNY CPI 6.1%, as expected. Start ALL First day
of G20 Meetings. Communiqué awaited. 1:30pm USD Core Retail Sales
0.6% versus 0.2% expected. 1:30pm USD Retail Sales 1.1% versus 0.5%
expected. 2:55am USD Preliminary University of Michigan Consumer
Sentiment 57.5 versus 60.2 expected. The USD was mixed. Saturday,
October 15
^th End ALL Second day of G20 Meetings. Communiqué
expected. Technical Recap for the Majors This Week EURUSD:
Forecast: HigherActual: Higher from a 1.3388 open to a 1.3861
close. USDJPY: Forecast: Mildly HigherActual: Mildly higher from a
76.79 open to a 77.28 close. GBPUSD: Forecast: HigherActual: Higher
from a 1.5557 open to a 1.5796 close. AUDUSD: Forecast:
HigherActual: Higher from a 0.9751 open to a 1.0293 close. USDCAD:
Forecast: LowerActual: Lower from a 1.0389 open to a 1.0144 close.
NZDUSD: Forecast: HigherActual: Higher from a 0.7675 open to a
0.8008 close.