Value Microcaps Motherboard

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Forex - Yen - Dollar The Week Ahead

Entire article worth the read:

http://www.fxstreet.com/technical/analysis-reports/daily-forex-technical-report/2007-11-10.html

Part of the story:

"Risk aversion and carry trade unwinding will likely continue to dominate the markets with economic data taking a back seat. Note that a rate cut from Fed in Dec is now like a done deal. More bad news from the credit markets and the economy will continue to send stock markets lower and in turn boost yen and swissy. Dollar may indeed continue to benefit from such carry trade unwinding activities as all high yielders are dragged down.

US markets will start with holiday on Monday. Main focus will be on Wednesday's retail sales and PPI as well as Thursday's CPI. Other data include pending home sales, Fed budget, business inventories, regional Fed survey from NY state and Philadelphia, TIC capital flow and industrial production.

It is also big week for Sterling. PPI and CPI will be released with Quarterly Inflation Report from BoE. Employment report and retail sales will also be closely watched.

From Eurozone, Germany ZEW and Q3 GDP will be the main focus together with final HICP, industrial production and trade balance. Swiss ZEW will also be featured.

From Japan, BoJ is widely expected to keep rates unchanged at 0.50% again. Q3 GDP will also be closely watched.

From Australian, main focus will be on RBA Quarterly Monetary Policy Statement."