By Ilya Spivak, currency strategist mi Oct 20 05: 52: 00 GMT 2010 
key overnight developments
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Written by Jonathan Granby, DailyFX research team if you want to keep Joel reports in a more appropriate Mode-e-Mail-jskruger@fxcm.com and you will be added to the distribution list. When you visit this or any other subject feel to free our forum page want to discuss.
impact of Canadian consumer price index had on CAD change during the last month (1 hour post event) pips change pips (end of day post event) August 2010 Canada consumer price index for consumer prices in Canada slipped 0.1% in August amid predictions for a flat read while the heading for the inflation unexpectedly dragged back above read month to an annual rate of 1.7% from 1.8% in the. At the same time the core CPI held steady at an annualised 1.6% for the second consecutive month, and subdued price growth could turn adopt, as it aims to the Bank of Canada, a wait and see approach in the coming months, to balance the risks to the region. The breakdown of the report showed coupled with a 0.4% decline in energy prices on food costs fell 0.2% in the course of the month, while prices for clothing and footwear rose by 1.5% to 1.0% contraction in July. The BoC maintains a cautious tone for the region and provides the selected rebound in economic activity Konik, the Central Bank can look to that to keep benchmark interest rate at 1.00%, while the rest of the year remains clouded as growth prospects uncertain. 
What to look for before the release traders with access to detailed information about FXCM Active Trader platform can market it to the effectiveness of release and aimed a the market bias illuminate business measuring using. Boost volume before the announcement will probably follow through behind independent move is, while an imbalance in available liquidity to offer compared to the offer page of market direction will tell us large institutions are likely before the announcement favoured to materialize, telegraph: bullish scenario: when we see substantially lower available liquidity on the bid side of the market, this tells us that great looking price providers on the market against the Canadian dollar to buy USD. Given that 60% all FX market volume by only six top banks is disabled, we see on the same page of trade as major institutions are clever, and will facilitate a bullish bias on USDCAD prior to release data. Bearish scenario: When we substantially lower available liquidity on the page see offer of the market, says this us this important Prize providers on the market looking to sell USD against the Canadian dollar. Given that 60% of all FX market volume by only six top banks is disabled, we see on the same page of trade as major institutions are clever, and will facilitate a bearish biases on USDCAD prior to release data. Ask? Comments? Join the us in the DailyFX Forum to discuss this report contact David song, currency Analyst: dsong@fxcm.com
charts created using FXCM's strategy trader EURUSD: the couple has finally below the increasing channel, since early September is broken remained intact. At the same time price action slipped and below the 10-day SMA, closed, during the parabolic a sell signal yesterday showed. Than in recent times the EURUSD struggling to break back above the 20 day moving average. A close below this level today validated further losses back towards 1.3500.Not forgetting crossed the MACD down yesterday, that is characteristic of additional declines. for more technical analysis visit the DailyFX technical page written by Michael Wright, currency analyst to receive future articles via email, please contact is me under mwright@fxcm.com Michael Wright author FX news, Fundamentals vs. technical of intraday trading, Forex trading weekly forecast weekly spotlight
The index yesterday scored an impressive day of gains and preferably a day climb back its registered in two months as risk aversion with a vengeance. China's surprise walk sent the Dow below the 11,000 level, crude soil moisture more than 4% and gold breached $measurement as risk aversion on the rampage was. A hike in China heroes often investors because you fear will lead any slowdown in a slowdown of the world economy as China applies the brakes on its economy. With the global economy in such a delicate State as it climbs out of the recession fears play out in a massive avoid risky assets. The dollar, however, is considered and managed these movements benefit a so-called safe haven. Meanwhile comments specified later in the day by some fed members, once again, further quantitative easing measures uninsured are giving an extra boost of the dollar. Looking ahead, while we the prevailing trend certainly a risk averse one on global macro events to be, we watch a few smaller events, for expect today. First, the Bank of England his minutes from the latest rate decision releases, to better indicate the delicate balance of the Mediterranean partner countries should give. Later in the day we have the Fed beige book and fed Lacker speaks fed events on Economic Outlook as we said yesterday and talk for information on QE2 carefully should be observed. Written by Jonathan Granby, research will be added team if you want to keep Joel reports in a more appropriate Mode-e-Mail-jskruger@fxcm.com and DailyFX to the distribution list. If these or any other topic-feel free to out forum visit want to discuss.