Daily Analysis

By iFOREXJan 05, 2009 07:00PM ET

www.investing.com/analysis/fundamental/daily-analysis--15683

Daily Analysis

By iFOREX | Jan 05, 2009 07:00PM ET

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We have all just witnessed the Euro fall to a three-week low against the dollar and declined versus the yen before data that will probably show slowing regional inflation, giving the European Central Bank more room to lower interest rates. “The market is leaning toward euro selling,” said Osao Iizuka, head of foreign-exchange trading at Sumitomo Trust & Banking Co. in Tokyo. “There are growing signs the ECB will cut rates. Speculation Obama’s stimulus package will be large enough to help the U.S. economy is also supportive for the dollar.” Inflation in the euro area probably slowed to 1.8 percent last month, according to the median forecast of 28 economists surveyed by Bloomberg News. The report from the European Union’s statistics office in Luxembourg is due today. The rate fell to 2.1 percent in November from 3.2 percent the prior month, the biggest reduction since at least 1991.

Disclaimer: You should not engage in speculative spot forex or CFD trading unless you understand the basic aspects of such trading and its risks – for example, how positions are opened and closed, how profits and losses are made and the extent of your exposure to risk and loss. Trading in spot Forex and CFDs is speculative and involves a high degree of risk. In particular, because it will be conducted using margin (which covers only a small percentage of the value of the foreign currency traded), price changes in spot Forex or CFD can result in significant losses. Therefore, trading in these contracts is appropriate only for persons who understand and are willing to assume the economic, legal and other risks involved in such transactions.

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In this article, we argue that there is an interesting seasonal pattern affecting the US dollar’s exchange rate during the month of January. To some extent, the U.S. dollar...

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	44,195.5	+18.6	+0.04%
US 500	6,117.9	+0.3	+0.00%
Dow Jones	44,176.65	-450.94	-1.01%
S&P 500	6,117.52	-26.63	-0.43%
Nasdaq	19,962.36	-93.89	-0.47%
S&P 500 VIX	15.66	+0.39	+2.55%
Dollar Index	106.370	+0.120	+0.11%

Crude Oil WTI	72.47	-0.01	-0.01%
Brent Oil	76.47	-0.13	-0.17%
Natural Gas	4.203	+0.030	+0.72%
Gold	2,953.49	-2.61	-0.09%
Silver	33.415	-0.071	-0.21%
Copper	4.5935	-0.0175	-0.38%
US Soybeans	1,046.00	+1.75	+0.17%

U.S. 10Y	4.499	0.000	0.00%
U.S. 30Y	4.742	+0.004	+0.08%
U.S. 5Y	4.340	-0.002	-0.05%
U.S. 3M	4.337	+0.021	+0.49%
US 10Y T-Note	109.19	+0.02	+0.01%
Euro Bund	131.66	+0.06	+0.05%
10-2 Yield Spread	23.54	-2.55	-9.77%

Apple	245.83	+0.96	+0.39%
Alphabet A	184.56	-0.71	-0.38%
Tesla	354.40	-6.16	-1.71%
Amazon.com	222.88	-3.75	-1.65%
Netflix	1,024.54	-18.79	-1.80%
Meta Platforms	694.84	-8.93	-1.27%
Bank of America	45.30	-0.71	-1.54%

Daily Analysis

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