Forex Trading News Economic Calendar (12/1/2008)
Monday, December 1, 2008
Forex News JPY Average Cash Earnings YoY
JPY
Average Cash Earning y/y
forecast at 0.1%
Prior 0.2%
Actual -0.1%
Forex News AUD Company Operating Profits q/q
Forecast at 3.3%
Previous 14.3%
Actual 5.2%
USD/JPY still in a wedge

We see Usd/Jpy still stuck in a wedge looking to test the top side if it breaks through we might see some resistance around 100.00 area.
Forex News AUD TD Securities Inflation Index Out MoM
TD Securities Inflation MoM for November
Prior -0.2%
Actual -0.6%
TD SEcurities Inflation YoY
Prior 3.9%
Actual 3.0%
Largest drop in this series since at least December 2002
Forex News AUD AIG Performance of Manufacturing Index Out at 32.7
AUD
AIG Performance of Manufacturing Index Out at 32.7
Previous 40.4
This is the lowest reading ever on record
Forex News Preview: Asian Session November 30th

First Number Denotes Expected.
Second Number Prior
Some weekend press worth reading
Early Data shows strong Black Friday shopping – AP
http://apnews.myway.com//article/20081130/D94P8GM85.html
Analysis: The days ahead will be the test this year
Auto Dealerships Teeter as Big Three Decline :New York Times
http://www.nytimes.com/2008/11/30/business/30dealer.html?_r=1&hp
Analysis: Auto sales are reported this week. They are expected to be very weak.
OPEC, Struggling to Move in Concert, Considers Cutting Output : New York Times
http://www.nytimes.com/2008/11/30/business/worldbusiness/30opec.html?ref=business
Analysis: The cartel is finding trust more difficult in these times. As a result, oil should continue to be pressured as demand slows.
Next cut may be deepest for OCR – New Zealand Herald
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10545842
Analysis: The concensus is rates still have room to fall. Market is debating 100 or 150 basis points.
Another big interest rate cut is on the way – The Australian
http://www.theaustralian.news.com.au/business/story/0,28124,24730327-643,00.html
Analysis: The RBA does not have another scheduled meeting until February.

