Hirose News|December 9, 2013 9:00 AM

Some announcements that may impact the markets this week

Big news for this week!

Below are some announcements that may impact the markets this week:



Significant data poured out of the USA this week, culminating in Non Farm Payrolls today.  Significantly the USD gained against the Yen after falling for the last 3 days.  However the good economic news looks like it is being factored into the potential for an earlier reduction in monetary stimulus.  See the chart below (30 minute bars over 3 days) for some interesting moves in EURUSD after the announcements.  An initial fall followed by rebounds can be seen underpinning the Euro.  Perversely, this stronger euro appears to be held up by Germany rather than any other European countries.