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

Key Fundamental Forex Events for the Week of October 10th
through October 14th The following table lists the key economic
data and other events that came out during the week of October 10th
through the 14th, 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 10th 11:30am AUD ANZ Job Advertisements
-2.1% versus last -0.6%. The AUD rose. Tuesday, October 11th 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 12th 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
13th 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 14th 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 15th 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.