By GoLearn Forex
The majority of Global Equity Markets finished last week slightly ahead looking week over week. Friday did see a sell-off ahead of the weekend in both the first and second sessions with only the DJIA advancing just marginally to close at 10,328.
The Dollar finished the U.S session mixed across the G-10. The DXY closed at 77.821, a level not seen in nearly 3 months. Gold finished the day gaining $14.30 to close at 1,113.20 after settling below 1,100 the day prior. Oil gained nearly 4$ for the week closing Friday's session at 73.36.
On the data release docket for tomorrow we have Canadian Retails Sales set to print, however, the market is looking for some relative flat figures this month. Canada has been surprising to the upside and given their relative economic strength coupled with less market liquidity this week, a positive show could move the CAD. On Tuesday the markets will turn their attention to key GDP figures due out in both the U.K and New Zealand.
Upcoming Forex Events December 21, 2009
JPY BOJ Monthly Report
CAD Core Retail Sales (MoM) Forecast 0.50% Previous 1.10%
CAD Retail Sales (MoM) Forecast 1.00% Previous 1.00%
NZD Current Account Forecast -2.00B Previous 0.12B
USD Finished the US Session Mixed Across G-10
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