GBP:The minutes from the November Bank of England meeting will be watched for signs of debate around the change in forecasts seen in the latest Inflation Report. There will also be an eye on any comments on housing market developments, with more talk of bubble like conditions in some parts.
USD:The FOMC minutes in focus, but the dovish tone from Bernanke overnight and Yellan last week have largely set the tone. Retail sales seen 0.1% in October, with headline CPI seen falling to 1.0% (from 1.2%) and the core rate seen steady at 1.7%.
美元：联邦公开市场委员会（FOMC）的会议纪要是焦点，不过前一天伯南克和上周 Yellen 的温和态度已经很大程度上决定了调子。十月的零售数据为0.1%，整体CPI （从1.2%）下降到了1.0%，而核心利率稳定在1.7%。
Idea of the Day
You have to go back more than 3 years to early August 2010 to find a period equalling the past two weeks on EURUSD, during which we’ve seen higher lows for 10 consecutive sessions. Technically, there is a struggle with the previous trendline support drawn from the early July lows, which is currently acting as resistance in the current uptrend. This currently sits at 1.3534, We talked about the reason why the euro would do comparatively well in last week’s blog. Technically, there is clearly a growing case for some short-term correction, but given that daily momentum indicators are pretty neutral, this should only be modest. Note that Bernanke was sounding relatively dovish overnight, whilst ECB board members were yesterday sounding cautious on the possibility of a negative deposit rate, both of which provided underlying support to the upmove on EURUSD.
Latest FX News
USD:Comments from Fed Chairman Bernanke were pushing the dollar lower, mostly against the euro. He again reiterated that rates were set to remain near zero for a “considerable time”after asset purchase have ended. Of course, he’s stepping down in January, but being replaced by someone that is seen mirroring his views, if not taking an even more cautious approach.
AUD:Two failed attempts to push above the 0.9450 area overnight have seen the Aussie sag towards the end of the Asia session.
EUR:ECB Board Member Asmussen was yesterday cautious on the possibility of introducing a negative deposit rate. This has acted as a supportive factor for the single currency, after Draghi was more open on the further options available after the easing earlier this month.
欧元：欧洲央行委员会成员Asmussen 昨天谨慎谈到了出现负存款利率的可能性。这对于欧元来说是好消息，而此前Draghi 对于这个月宽松计划后可以采取进一步措施持更加开放的态度。
JPY ADJUSTED TRADE BALANCE
20/11/13 @ 00:05 GMT by FxProDealing Desk
Japan Adjusted Trade Balance for October at -1.07T vs -0.88T forecast.
STERLING SLIGHTLY SOFTER AFTER MINUTES
20/11/13 @ 09:32 GMT by Simon Smith, Chief Economist
BoE minutes show 9-0 vote for rates and QE. Sterling around 20 pips softer on cable to 1.6128 after release. EURGBP 0.8392.
USD FIRMER AFTER RETAIL SALES
20/11/13 @ 13:35 GMT by Simon Smith, Chief Economist
USD slightly firmer after CPI and retail sales. CPI as expected on YoY measure (1.0%), with retail sales up 0.4% MoM . EUR 1.3518, JPY 100.04, GBP 1.6140.
CPI 和零售数据发布后美元小幅坚挺。CPI 和预期同比（1.0%）一致，而零售月环比善生了0.4%。欧元在1.3518，日元为100.04，英镑在1.6140。