[B]Intra-Day Market Moving News and Views
01 Dec 2014[/B] [I]01:46GMT[/I]
[B]AUD/USD[/B] - 0.8430 ... Australian dollar nose-dived against U.S. dollar due to the sharp sell off in crude oil prices. Stops below 0.8480 were triggered in New Zealand morning today and price fall to 0.8444 and then to a fresh 4-year low at 0.8417 in Asian morning.
Crude oil prices fell $1.41 to 64.74 following last Friday’s more than 8% sell off.
Offers are now tipped at 0.8450-60, 0.8480 and more at 0.8490/95.
On the downside, some bids are located at 0.8410-00 with stops seen below 0.8400.
[B]This week[/B] will see the release of the following economic data:
New Zealand’s Terms of Trade, Japan’s Business Capex, China’s NBS Manufacturing PMI, Japan’s Manufacturing PMI, China’s HSBC Mfg PMI Final, Swiss Manufacturing PMI, Germany’s Markit/BME Mfg PMI, eurozone Markit Mfg Final PMI, UK Markit/CIPS Mfg PMI, Mortgage Approvals, M4 Money Supply and Mortgage Lending, CAnada’s RBC Mfg PMI, US Markit Mfg PMI Final and ISM Manufacturing PMI [B]on Monday;[/B]
Australia’s Building Approvals and Current Account Deficit, RBA rate decision and statement, UK Markit/CIPS Cons PMI, eurosone Producer Prices, US Redbook, ISM-New York Index and Construction Spending [B]on Tuesday; [/B]
Australia’s GDP, China’s NBS Non-Mfg PMI and HSBC Services PMI, Swiss GDP, Germany’s Markit Services PMI, eurozone Markit Services Final PMI, UK Markit/CIPS Serv PMI, eurozone Retail Sales, US ADP National Employment, Productivity Revised, Markit Comp Final PMI, ISM N-Mfg PMI, Bank of Canada Rate Decision and Statement, US Fed’s Beige Book [B]on Wednesday; [/B]
Australia’s Retail Sales and Trade Balance, UK Halifax house prices, Swiss Industrial Orders, Bank of England rate decision, ECB rate decision, US Initial jobless claims, Canada’s Ivey PMI [B]on Thursday;[/B]
Japan’s Leading Indicator, Germany’s Industrial Orders, UK Consumer inflation expectations, eurozone revised GDP, US Non-Farm Payrolls, Unemployment Rate and Average Earnings, Canada’s Unemployment Rate, Employment Change and Trade Balance, US Factory Orders and Durable Goods [B]on Friday.[/B]