by GoLearn Forex
Global Equity Markets finished off the last session of 2009 mixed across the board. Nearly 2.5 times the number of shares were traded on the big board New Years eve as compared to Christmas eve, as traders capped off an explosive year. The DJIA yielded 120.46 points to close at 10,428.05 after starting the year 9,034.69. During the first over night session of 2010 equities advanced pushing the Greenback higher, as manufacturing in China continues to expand.
Gold closed the New Year's Eve session up $4.05 to 1,096.95, after starting 2009 at 875.40. Oil finished the year with a quite a run gaining in its 7 prior sessions to settle at $79.36 a barrel having opened the year at $63.54. The Greenback was mixed in typical light trading on New Year’s Eve, advancing .62% on the Yen, but giving up .57% to the Pound. The DXY opened 2009 at 81.839 and closed the early session on Thursday at 77.86.
All eyes will focus on the economic data releases as the market looks to substantiate the economic recovery mantra with real figures. Monday will be a light day on the circuit with the exception of the U.S, where ISM numbers will print. Analysts are looking for an up-tick in this figure.
Upcoming Forex Events for January 4, 2010
CHF SVME PMI Forecast 57.00 Previous 56.90
EUR Manufacturing PMI Forecast 51.60 Previous 51.60
GBP Manufacturing PMI Forecast 52.10 Previous 51.80
USD ISM Manufacturing Index Forecast 54.00 Previous 53.60