EUR/USD
1.15350
0.060%
Gold
4078.30
0.025%
Oil
58.494
-0.348%
USD/JPY
157.270
-0.119%
GBP/USD
1.30862
0.106%
GBP/JPY
205.805
-0.008%
Real-time News
November 21st - Ahead of the UK governments budget announcement next week, all indicators of a closely watched UK consumer confidence index have fallen. The Labour government is expected to raise taxes in line with the budget. Research firm GfK reported that the overall confidence index fell 2 points to -19 in November. GfKs five sub-indices, which record public opinion on personal finances, spending habits, and the overall state of the UK economy, all declined compared to October. Neil Bellamy, GfKs head of consumer insights, said: "This is a bleak set of figures as we approach the budget announcement next week. The public is bracing for tough news, and in the current environment, theres little to boost expectations."Japanese Finance Minister Satsuki Katayama: Our planned stimulus package is not necessarily expansionary; we recognize the need for sensible spending.Futures News, November 21st: Crude oil prices continued their downward correction, while fuel oil news remained bearish, with no positive support from the supply and demand perspective in the short term. Market participants lacked confidence in future trading, opting for cautious small-order purchases, putting pressure on refinery shipments. It is expected that todays negotiations will maintain a stable to slightly lower trend.November 21 – Japanese authorities have issued their strongest warning to date to the foreign exchange market regarding the sharp fluctuations in the yen, with the Finance Minister specifically mentioning intervention as an option in an attempt to curb the yens continued depreciation. Finance Minister Satsuki Katayama stated on Friday, "The government will take appropriate measures to address disorderly fluctuations in the foreign exchange market, including those driven by speculation, based on the approach outlined in the September Japan-U.S. joint statement. Since the September document from the Japan and U.S. finance ministers explicitly included foreign exchange intervention, this is naturally something we can consider." Katayama expressed deep concern about recent exchange rate movements, noting their extremely one-sided and rapid nature. Following Katayamas remarks, the yen briefly strengthened but subsequently gave back all gains, continuing to hover near its lowest level since January.Japans preliminary manufacturing PMI for November was 48.8, down from 48.2 in the previous month.
