Sitemap December 2006

• German GfK consumer index falls in December
• Euro hits record high versus Yen in shortened session
• ECB’s Mersch takes a hawkish tone
• Dollar stable in quiet session
• Nikkei ends the year up 6.9%
• Oil rallies as US stockpiles drop

• Nationwide survey reveals UK house prices up again
• Rumours circulate of UAE diversifying away from dollar
• Stronger than expected housing data from US
• Euro notes in circulation exceeds dollar notes
• China speculates on US interest rate cuts in 2007
• Oil slide continues

• Dollar on back foot after weak data
• Yen strengthens on Jiji news agency article
• UK annualised output climbs
• Telecommunications/trading disrupted after Taiwan quake
• Oil falls by over $1 on mild weather forecasts

• Sterling weakens as trade gap widens
• Dollar struggles to make headway in cautious trade
• US data due; Michigan sentiment and durable goods
• Canadian dollar weakens on retails sales/growth
• Rumours grow over Xmas London terrorist attack
• Oil treads water ahead of holiday season

• Bank of England vote 9-0 for pause in rate hikes
• ECB’s Trichet strikes a hawkish tone; lifts Euro
• US data due; growth and manufacturing
• Thai stocks rally after government U-turn
• NZ GDP much lower than anticipated
• US oil stocks dip pushing crude to 3-month high

• Bank of England minutes due
• US PPI jumps
• Thai officials cause havoc in Asian markets
• Hawkish comments from US Fed
• Record close on Wall St
• Oil weakens ahead of US stockpile data

• Bank of Japan keep rates on hold
• US PPI set to rise
• UK housing market strength to continue on 2007
• German business sentiment climbs in November
• Oil heavyweights weigh on Wall Street/FTSE
• Oil drops on US warm weather

Euro Pounds Brief Monday 18/12/2006

• Dollar holds ground ahead of current account data
• Unexpectedly soft inflation data in US
• Bank of Japan begin rate meeting
• Trichet continues to urge vigilance
• Further strength in US stock markets
• Oil slightly lower on profit taking

Euro Pounds Brief Friday 15/12/2006

• Evidence US economy remains relatively strong supports USD against Euro
• UK retail sales came in ahead of forecast yesterday
• Euro weakens against sterling
• No major data releases scheduled today

• Yesterday’s strong US retail sales numbers provided a boost to the
dollar
• Sterling makes gains against the Euro
• Markets still expect lower rates next year in the US
• Bank of England publishes its quarterly survey of peoples inflation
expectations

Euro Pounds Brief Wednesday 13/12/2006

• The FTSE 100 is forecast to open roughly 10 points lower at 6,148 after finishing yesterday's session down
3.4 points at 6,156.4

Euro Pounds Brief Tuesday 12/12/2006

• Softer PPI hurts sterling
• Federal Reserve expected to keep rates on hold today
• UK inflation data due at 0930 GMT
• US banks call sterling lower in 2007/8
• Key German data due this morning
• Oil continues to hold above $60

Euro Pounds Brief Monday 11/12/2006

• Positive data boosts dollar
• Non-Farm payrolls stronger than anticipated
• Treasury’s Paulson unconcerned about recent dollar slide
• UK Rightmove house prices show small dip in November
• Bullish close on Wall Street spills into Asia, UK
• Oil pushes lower in technical trade

Euro Pounds Brief Thursday 07/12/2006

• ECB to raise rates by 0.25% today
• Bank of England to keep rates on hold
• Dollar still teetering
• Brown’s PBR dents sterling strength
• FTSE to open down after weak US session
• Oil stocks in the US drop

• Dollar pullback on strong service sector data
• Euro-dollar still weak on yield
• Hawkish Japan sparks Yen strength
• Gordon Brown releases Pre-Budget Report
• UK Nationwide consumer confidence drops
• Oil in choppy session ahead of US stockpile data

• Dollar consolidation ahead of data
• Euro-dollar cautious, awaits ECB
• UK Retails Sales drop in November
• European and UK PMI data due out today
• Bank of Canada rate decision at 1400 GMT
• Oil supported ahead of OPEC

Euro Pounds Brief Monday 04/12/2006

• Pound approaches $2 level
• Bank of England set to keep rates on hold this week
• ECB expected to raise rates this week
• US Manufacturing shows signs of slowdown
• Reports of explosions in North Korea hit Asia
• Oil holds on to gains as first big snow hits US
 

Euro Pounds Brief Friday 01/12/2006

• New highs in Cable
• Asian/European selling hits the dollar
• UK manufacturing data at 0930
• UK housing data stronger again
• Gold hits 3-month high
• Oil drops away from highs after rally