Stocks and Dollars

Japan’s industrial production decreased 1.8% from September, the sharpest drop since February 2009 and the unemployment rate unexpectedly climbed 5.1% (exp. 5%) and the economy lost 180,000 jobs, the most since May, providing early signs that the country’s economy will likely shrink this quarter. The figures add to evidence that

Dollar index off the 81.012 high overnight as month end looms. Asia started the week in hesitant mode but has been forced to play catch up with events in Europe and the US. Through 80.626 Fibo retrace (38.2% from 88.708-75.631) dollar bulls now target a move up to 82.0. UST/AU

The single currency has resumed recent decline after meeting renewed selling at 1.3151, suggesting the fall from 1.4283 top is still in progress and weakness to psychological support at 1.3000 is under way, however, loss of near term downward momentum should prevent sharp fall below 1.2989 (50% projection of 1.3389

Slumping regional equities exacerbated the risk-sensitive euro’s recent woes in Asia Tuesday, pushing the common currency to its lowest levels in more than two months against the yen and the Swiss franc. Short-term investors ditched the euro, which often tracks share market moves. China’s Shanghai Composite Index was down more

German unemployment fell for the 17-consecutive month, in the month of, as the German economy continues to recover and companies response to improving demand on a global scale by increasing their labor force.

Markets continue to sell the euro as fears about the future of the monetary union are still rising. Markets were not convinced by the signs of unity European leaders showed in the weekend. Is end of year positioning at least partially responsible for this lack of appreciation for the measures

Japan’s industrial production decreased 1.8% from September, the sharpest drop since February 2009 and the unemployment rate unexpectedly climbed 5.1% (exp. 5%) and the economy lost 180,000 jobs, the most since May, providing early signs that the country’s economy will likely shrink this quarter. The figures add to evidence that

The latest IMM data covers the week from 16 November to 23 November. Due to the Thanksgiving holiday, there was a delay in the publication of CFTC data. Investors continue to unwind short dollar positions: The dollar uptrend remains intact and the DXY index is now back at September levels