Starting the day

Starting the day

Posted by Valeria Bednarik in December 10th 2009

Hi everyone and welcome back! no much action after New Zealand rates during Asian session, as majors mostly consolidate in small ranges since past American session close. i was thinking that after Wall Street end positive, and NZD start that strong recovery, we were going to see some risk appetite across the board, but never happened. Nikkei 225 ended negative, gold continues falling breaking under the 50% retracement we saw yesterday, still quite close and with no confirmations of a break. Pound should again be our center of attention, as we have the BOE monetary policy in an hour (I will be covering it live at Fxstreet.com home page). So, let’s take a look at some key levels before the event. Here is the link for today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!