In the midnight our time – at the end of the session of 21 and 22 November there came information that the coast of Fukushima and surrounding prefectures were in immediate danger of a strong earthquake and accompanying tsunami – it was decided to evacuate the inhabitants from the coast.
Earthquake strengthening the Japanese yen
Falls stopped at the level of Monday’s lows, where on the graph H1 appeared two bullish pin bars, supporting rebound. The appreciation slowed down but the round level at 111.00, which if not defeated, will be an opportunity to consider short positions in the short term.
Switzerland – October exports again in the red
After the positive results of the previous month, exports from Switzerland in October sank by 1.1%. While import growth of + 6.7% led to a reduction in the positive balance of import / export to a level of 2.7 billion CHF. Changing the balance in historical perspective:
At the same time, USD / CHF after dynamic increases pulls down on the level of 1.0090 – a level coincident with the maxima of the March. We are glad, however, that the pair finally broke out from an almost six-month consolidation (the upper limit at 0.9950), which increases the chances of interesting movements:
Calm Calendar of Macroeconomic Events
Sesion of 22 of November ,similarly to Monday’s should be rather calm due to non-eventful calendar:
From the above we draw attention really only at 14:30 and retail sales in Canada and at 16:00 – Existing Home Sales in the United States. It is these data that are most likely to move the market in the afternoon.