FOREX UPDATE

European Union:-
Tuesday: Germany GfK Consumer Confidence Survey (Previous 3.7, Forecast 3.5), France Producer Prices MoM (Previous 0.8%, Forecast 0.1%) & YoY (Previous -6.6%, Forecast -4.7%).
Wednesday: Germany Import Price Index MoM (Previous 0.5%, Forecast 0.3%) & YoY (Previous -8.1%, Forecast -5.2%), France Consumer Spending MoM (Previous 1.1%, Forecast 0.5%) & YoY (Previous 3.5%, Forecast 3.3%)


United States:

Japan:
Monday: Trade Balance (Previous 807.1B, Forecast 300.0B), All Industry Activity Index MoM (Previous -0.6%, Forecast 1.0%),
Tuesday: Small Business Confidence (Previous 43, Forecast N/A).
Thursday: BOJ Minutes (Text report).

Australia:
Tuesday: Conference Board Leading Index (Previous 0.3%, Forecast N/A).

Canada:
Monday: Retail Sales MoM (Previous 1.0%, Forecast 0.7%), Retail Sales Less Autos MoM (Previous 1.1%, Forecast 0.2%).
Wednesday: GDP MoM (Previous 0.4%, Forecast 0.3%).

Forex trading by Munther Marji for Forexpros.

Toronto, Jan 7 - Companies raised a record $60 billion on the Toronto Stock Exchange (TSX) last year despite the global downturn.

The third biggest stock exchange in North America, the Toronto Stock Exchange is also the world's biggest energy market where more than 400 global oil and gas companies are traded.

The stock exchange raised $60.0 billion, surpassing the previous record of $47.6 billion set in 2007. The TSX executed trading volume of 118.5 billion, again exceeding the record of 109.2 billion set in 2008.

New York, Jan 8 - Major Wall Street stock indices have ended mostly higher amid gathering economic optimism.

A government report on Thursday showed that the pace of job losses continues to moderate.

Analysts from Morgan Stanley said that commercial real estate, widely feared as the other shoe to drop after the meltdown in the US residential property market, would not become a major impediment to economic growth.

Shares in the retail sector rose as major US chain stores raised forecasts or delivered earnings reports that beat expectations.