Sunday, February 20, 2011

Forex day trading course and managed funds. Japan news.

Forex day trading course and managed funds. Important news today would be reports forecast to show German investor confidence deteriorated, U.K. inflation slowed and Canadian factory sales declined. The German ZEW investor and analyst expectations probably fell for a fourth month in August, according to reports due today. U.K. consumer-price inflation probably slowed to 3.1% (prev. 3.2%) and Canadian factory sales probably fell 0.5% in June. Forex day trading news:  The EURJPY gained from a six-week low as Asian stocks reversed earlier losses, spurring demand for higher-yielding assets and the JPY fell against most of its major counterparts after reports that Japan's Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa will meet on August 23 and are expected to discuss the currency's recent gains. South Korea's won strengthened on speculation the central bank will allow the currency to rise to contain inflation. There have been strong calls for the government to intervene to weaken the JPY for the first time since 2004 and also called on the BOJ to "engage in large-scale monetary easing." The EURJPY traded at 109.49 after earlier declining to 109.07, the weakest since July 1, USDJPY was at 85.29, EURUSD traded at 1.2835 and the South Korean won rose 0.9% to 1,176.95. The MSCI Asia Pacific Index gained 0.1% after earlier falling as much as 0.4% and S&P 500 Index futures rose 0.3%. The NZDJPY dropped for a seventh day as traders trimmed bets the central bank will increase interest rates reducing chances of a rate hike by the RBNZ next month to 42% down from 64% a week ago. Growth in service industries slowed to the least since October and as uncertainties about monetary policy growing stronger due to the spate of weak economic data, downward pressure can be seen on the currency. NZDUSD dropped 0.1% to 0.7064 after declining to 0.6997 yesterday, the weakest since July 7 and NZDJPY fell 0.2% to 60.22.

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