Message-ID: <3218098.1075863192667.JavaMail.evans@thyme> Date: Mon, 26 Nov 2001 16:10:56 -0800 (PST) From: info@forexnews.com To: sara.shackleton@enron.com Subject: Japanese Preview Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: @ENRON X-To: Shackleton, Sara X-cc: X-bcc: X-Folder: \SSHACKL (Non-Privileged)\Shackleton, Sara\Deleted Items X-Origin: Shackleton-S X-FileName: SSHACKL (Non-Privileged).pst [IMAGE] Forums Discuss these points in the Forums: Forexnews Forum T= echnicals Live Charts Analysis available from: Cornelius Luca J.P. Chorek= Technical Research Ltd. Charts & News featuring Standard & Poor's = Interest Rates US: Japan: Eurozone: UK: Switzerland: 2.0% 0.15% 3.2= 5% 4.0% 1.75-2.75% [IMAGE] =09 [IMAGE] Japanese Forex Trading Prev= iew November 26, 7:00 PM: EUR/$..0.8805 $/JPY..124.04 GBP/$..1.4125 $/CHF.= .1.6636 Japanese Forex Trading Preview by Darko Pavlovic No key data. = The dollar fell against the euro after posting three week of profits, under= mined on announcement from National Board of Economic Research that the US = has been in a recession since March of this year for the first time in a de= cade. The NBER official noted the US economic slowdown was exacerbated by t= he September 11 attacks, but anticipates a recovery by July 2002 due to ext= rapolation of historical data The statement from ECB's Quaden that Eurozone= growth is close to stagnation also boosted the single currency. ECB member= and Belgian Central Bank head Guy Quaden reiterated his stance that inflat= ion is low and will continue to decline. Markets expect a further fall in t= he euro after Thursday's release of Euroarea GDP that will likely show flat= growth of 0.1% in Q3, particularly after German Finance Minister advisers = commented that German growth had slowed to a standstill. In addition, the e= uro is likely to be weighed this week by the changes in the MSCI indices th= at will spur outflows from European stocks by global portfolio managers. Fu= rthermore, forecasted declines in both Italian consumer and French business= confidence and a rise in French unemployment will exert more downward pres= sure on the single currency this week. Resistance is seen at 88.35, 88.60 a= nd 89.10. Support is eyed at 87.60, 87.20 and 87.0- the key support determi= ned by the downward channel between the 87.71 low on November 14 and the 87= .35 low on November 23. The dollar is holding around 124 yen, after ratin= gs agency Standard & Poor's announced it was considering downgrading Japan'= s AA+ sovereign debt by two notches, following Fitch's downgrade of Japanes= e government debt. Finance Minister Shiokawa said he had no indication from= the Bank of Japan that they would buy foreign bonds as part of its monetar= y policy operations in response to an article last week in the Financial Ti= mes that the US would be tolerant of the BoJ's buying US bonds. Japan's 13 = major banks are likely accumulate 6.26 trln yen in losses from bad-loan dis= posal for the fiscal year ending March 2002, more than three times as much = as projected in May, according to earnings reports released through Monday.= Prime Minister Koizumi asked Finance Minister Masajuro Shiokawa on Monday = to re-examine his decision to delay the April 2002 start of a combined tax-= filing system for corporate groups. "I would like you to reconsider it beca= use business leaders are seeking early implementation," Koizumi told Shioka= wa at a meeting of the Council on Economic and Fiscal Policy. The Nihon Kei= zai Shimbun reported that pubic support for the ruling Liberal Democratic P= arty remains at strong 49%, down two percentage points from two months ago.= The Nov. 23-25 survey from Nihon Shimbun showed that 78% of respondents su= pport Koizumi, down one percentage point from September, and 14% do not sup= port him, two points more than two months ago.A report by the Japan Researc= h Institute showed that Japan's current account and trade surplus could shr= ink to zero as early as 2004 due to the transfer of production overseas and= increased imports from Asia Upside capped at 124.50, 125.0 and 125.30. Sup= port is seen at 123.80, 123.50 and 123.20 This week's remaining key US ind= icators include existing and new home sales, jobless claims, durable goods,= real GDP and the Chicago Purchasing Managers survey. Fed Governor Meyer an= d St. Louis Fed President Poole will speak tomorrow, followed by Chicago Fe= d President Moskow on Wednesday. From the Eurozone, economic highlights con= sist of the ISAE Consumer Confidence survey, Italian retail sales, Euroarea= M3, Euroarea GDP, France's INSEE industry survey, Italian CPI, Euroarea HI= CP, French unemployment rate, French PPI, Italian PPI and Spanish PPI. The = main piece of data due for release from the UK will be the Gfk Consumer Con= fidence survey. Major Japanese indicators comprise industrial production, l= abor force survey, household survey of expenditures, consumer prices and ho= using starts. =09[IMAGE] Audio Mkt. Analysis Dollar Retreats Modestly Ah= ead of Busy Week Articles & Ideas Sideways Action, Then Weaker Euro = Ahead USD/JPY: The Next Level Articles & Ideas Forex Glossary Eco= nomic Indicators Forex Guides Link Library [IMAGE] =09 =09=09[IMAGE][IMAGE] [IMAGE][IMAGE]=09 =09=09 This e-mail is never sent unsolicited. If you wish to unsubscribe f= rom this or any other Forexnews.com newsletters, please click here . =09