Some daily summary

Hello Traders,

This week come up with some results w/o any surprise as:

- Japanese Yen: The bad GDP sinks the yen, -0.3% instead of the forecast -0.2%

- Australian Dollar: Demand for housing gradual as rates rise, -4.1% instead of the forecast -2.0%

- Euro: French Industrial production recovers, 1.3% better of the forecast 0.4%, but still down for this year

- Pound: PPI remains in the range, -0.5% instead of the forecast -0.3%

Please note: The G10’s Central Banks appear to have some mutual agreement on a rate hikes until the credit market turmoil subsides, and that position is unlikely to change anytime soon.

Be patient and trade wise!