The Dollar ended the week mixed across the G-10 with commodity currencies advancing while the remaining G-10 currencies suffered minor losses. Global Equity Markets finished the week in positive territory although Futures are pointing towards a slightly lower open.
Gold finished the week ahead at 1,118.70 while Oil lost a little over $3 a barrel to close at 76.35. The Bond Market capped a stellar week with the U.S Government auctioning an additional $81 billion in notes and bonds.
In Japan, GDP figures are set to print Sunday night. Forecasters are looking for a slight increase in Annualized GDP figures. On the docket for tomorrow we have Retails Sales set to publish in the U.S. This may be a real market mover, as traders will use this as a barometer for the impact unemployment will have on the economy. Additionally, this will shape expectations for the popular Holiday season Forecasts.
Upcoming Forex Events for November 16, 2009
USDCore Retail Sales (MoM)Forecast 0.40% Previous 0.50%
USDRetail Sales (MoM)Forecast 1.00% Previous -1.50%
USDFed Chairman Bernanke Speaks GBPMPC Member Sentance Speaks