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Coracle Currency Podcast 19 May

By • May 19th, 2008 • Category: Currency

The Coracle Currency podcast for 19th May 2008 in association with Crossbar fx (www.crossbarfx.com)

Key market data for May 12th to May 16th:

USD vs Mon opening Fri closing Trend

EUR/USD 1.5400 1.5590 Weaker $
USD/CHF 1.0490 1.0440 Weaker $
USD/JPY 103.67 103.76 Stronger $
Gold 882.05 889.15 Up 0.8%
Oil 122.98 122.45 Down 0.5%

GBP vs Mon opening Fri closing Trend

GBP/USD 1.9488 1.9586 Stronger £
GBP/EUR 1.2650 1.2559 Weaker £
GBP/CHF 2.0442 2.0448 Stronger £
GBP/JPY 202.00 203.23 Stronger £

Current Interest Rates Latest Change Next Meeting

US Federal Reserve (FED) 2.00% 30 Apr 08 25 Jun 08
European Central Bank (ECB) 4.00% 6 Jun 07 5 Jun 08
Bank of England (BoE) 5.00% 10 Apr 08 5 Jun 08

Here are some of the events / announcements out this week which may influence the markets.

Tues 20th May
EMU – ZEW survey of economic sentiment
US – PPI

Wed 21st May
UK – BOE releases minutes of their May interest rate meeting
US – FOMC releases minutes of their April meeting

Thurs 22nd May
UK – Retail Sales
US – Jobless claims

Fri 23rd May
UK – GDP estimate for Q1 08’
EMU – PMI manufacturing and services
US – Existing home sales