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Another kidnapping in Nigeria might push oil prices higher for fears online forex trading of further supply disruptions. The biggest compromise was to avoid any forex currency forex barriers to trade for the next 12 months. This has caused an appreciation online forex trading of the currency against emerging markets, but a decline against most of the majors. Over the weekend the forex opportunity G20 leaders all left after a series of talks but not much to show for their efforts. As the USD weakens against the EUR, the yellow metal is seen as an attractive alternative forex micro broker investment. Crude is weaker O/N ($55.97 down -107c). President Elect Barack Obama said in an interview that the government needs to assist the US Auto industry. The US$ is weaker in the O/N trading session.

The US$ currently is lower against forex currency the EUR 0.53%, GBP 1.22%, and higher against CHF -0.33% against JPY -0.35%. Risk aversion comes to the forefront again and more than $1 trillion dollars is expected to exit emerging markets and has strengthened forex trading the USD as the American currency is seen as a safe haven from the current economic instability. The 10-year Treasury yields eased 2bp (3.71%). The commodity currencies forex currency trading are mixed this morning, CAD -0.74% and AUD 0.70%. The debate regarding the Auto Industry bailout heated up over the weekend with Republican Senators openly opposing it, and Democrat Pelosi pushing the package forward. A long term working programme was agreed, but as more world economies enter recessionary cycles, (Japan announced that its entering its first recession in 7 years) more is needed. The early call for the open of key US indices is lower. OPEC production cuts have not been enough to convince the market to stop falling prices.

US retail sales fell sharply last month, recording the biggest monthly decline since 1992, which is the year retail sales were first recorded. The DAX index in Europe was at 4,640 down -69; the FTSE (UK) currently is 4,175 down -57. Ben Bernanke, at a conference in Frankfurt, hinted at further rate cuts by the Fed (currently at 1.00%) and increased cooperation between the World largest Central Banks. Currently it is lower against 10 of the 16 most actively traded currencies, in a whippy trading range. The Nikkei closed 8,522 up 60.19. Gold ($748) bounced back from a loss of more than 1 percent this week. Iranian OPEC governor Mohammad Ali Khatibi commented that further cuts in productions are planned but will probably be met with the same indifference. Negative economic data releases did not hold back the USD last week.

Consumer confidence jolyn slightly from 57.6 in October to a 57.9 reading this month. The loonie declined against its major trading partners on after traders forecast lower oil prices and commodities in general which contribute a large percentage of Canada GDP.