Daily Outlook: Regarding Wed. Nov. 12

Regarding Wednesday Nov 12 2008:

Market Sentiment:
Positive side: -
Negative side:
• U.S. are in red now, for the second day this week, on continuing concerns about future of U.S. auto industry especially the GM
• Crud oil under 60 $/b reflecting possibility of weak demand from an increasingly slowdown in global economic activity

Currencies:
USD:
Demand side:
• Risk aversion generally
Supply side: -

JPY:
Demand side:
• Risk aversion generally
Supply side: -

EUR:
Demand side: -
Supply side:
• Industrial Production probably declined as much as 1.4 percent in September
• BOE Quarterly Inflation Report could also affect Euro negatively
• Risk aversion generally

GBP:
Demand side: -
Supply side:
• BOE Quarterly Inflation Report probably paint a dark outlook for growth and possibility of sharp decline in inflation headline, leaving hands of policymakers open for lowering interest rate both sharper and for a longer period of time
• Unemployment rate probably rose
• Risk aversion generally

AUD:
Demand side: -
Supply side:
• Falling oil price, below 60 $/b today, add more concerns about the future of a commodity exporter country like Australia
• Risk aversion generally