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.
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Upcoming Forex Events for November 16, 2009[/B]
USD Core Retail Sales (MoM) Forecast 0.40% Previous 0.50%
USD Retail Sales (MoM) Forecast 1.00% Previous -1.50%
USD Fed Chairman Bernanke Speaks
GBP MPC Member Sentance Speaks