Forex Market Update

Forex Market Update Monday, October 3, 2011, 09:03 Contents Economic News Forex Top Story Commodities Political News Currency Alerts General News Economic News Swiss Retail Sales Decline For Second Month Switzerland's retail sales declined for a second consecutive month in August, data released by the Federal Statistical Office showed Monday. (Oct 3, 2011) Full Article Eurozone Factory Activity Declines Less Than Expected Eurozone factory activity decline in September was less severe than expected, final results of a survey by Markit Economics showed Monday. (Oct 3, 2011) Full Article U.K. Manufacturing Sector Expands Unexpectedly In September U.K. manufacturing activity logged a moderate expansion in September, an improvement on the contraction signaled in the previous month, Markit Economics showed Monday. (Oct 3, 2011) Full Article Forex Top Story BoJ Tankan: Large Manufacturers' Index Turns Positive The Bank of Japan's quarterly Tankan survey revealed on Monday that sentiment for its large manufacturers' index jumped in the third quarter of 2011, showing a score of +2. (Oct 3, 2011) Full Article China's Non-Manufacturing Activity Rises In September, Inflation Moderates China's non-manufacturing activity continued to rise in September, easing fears of a sharp slowdown in the country's economic growth, survey results from the China Federation of Logistics and Purchasing (CFLP) showed Monday. (Oct 3, 2011) Full Article Talks Between Troika, Greece Continue As Economy Remains In Recession The talks between the troika and the Greek authorities on next tranche of aid are continuing and are expected to conclude midweek even as the finance ministry said the country is set to remain in recession and will miss its budget goals this year and next. (Oct 3, 2011) Full Article Commodities Gold Steady Above $1,650 The price of gold moved up Monday morning amid renewed worries over the euro zone debt situation after Greek government acknowledged that it will miss its 2011-12 deficit targets set by the EU and IMF as part of the country's bailout. (Oct 3, 2011) Full Article Crude Slips Back Below $79 On Growth Worries The price of crude oil was extending losses for a second session Monday morning as traders fret over global economic growth after Fitch Ratings lowered the growth forecast for the global economy. (Oct 3, 2011) Full Article Political News Panetta: Israel Becoming 'Increasingly Isolated' In Middle East U.S. Defense Secretary Leon Panetta has warned that Israel risks being isolated in the Middle East if it does not take immediate steps to resume peace negotiations with the Palestinians and repairs its strained relations with Turkey and Egypt. (Oct 3, 2011) Full Article General: Mubarak Did Not Order Army To Open Fire On Protesters Gen. Mohamed Hussein Tantawi, head of the Supreme Council of the Armed Forces that currently governs Egypt, said on Sunday that the country's armed forces were not ordered by deposed President Hosni Mubarak to open fire on protesters during the popular unrest that eventually ousted him from power. (Oct 3, 2011) Full Article US Welcomes Israeli Readiness To Resume Middle East Peace Talks The United States has welcomed the Israeli government's weekend announcement expressing readiness to resume negotiations with the Palestinians, as called for by the Middle East Peace Quartet. (Oct 3, 2011) Full Article Syrian Opposition Forms Joint Front To Fight President Assad Syria's major Opposition groups announced late on Sunday formation of a united front involving all Opposition factions and banned groups like the Muslim Brotherhood to challenge the regime of President Bashar al-Assad in the restive Middle East nation. (Oct 3, 2011) Full Article Violent Protests In Pakistan Over Sentencing Of Governor's Assassin Violent protests broke out across Pakistan on Sunday, a day after an anti-terrorism court awarded death penalty to the self-confessed assassin of former Punjab governor Salmaan Taseer. (Oct 3, 2011) Full Article Communist Rebels Take Hostages After Raiding Mining Firms In Philippines Suspected Communist rebels have carried out simultaneous raids on three mining companies in the Surigao del Norte province of southern Philippines, the military said on Monday. (Oct 3, 2011) Full Article Currency Alerts Dollar And Yen Surges Up On Global Economic Worries During Asian trading on Monday, the U.S. dollar and the Japanese yen strengthened against other major currencies as traders bet on safe haven assets on fears of a possible global economic slowdown. (Oct 3, 2011) Full Article Australian And New Zealand Dollars Slide On Europe Worries The Australian and New Zealand dollars declined against their major counterparts in the Asian session on Monday on mounting concerns about the financial situation in Europe. (Oct 3, 2011) Full Article Dollar Gains On Slumping Euro As Greece Misses Targets The dollar extended its strong recent gains versus the euro Monday morning in New York, touching its highest since January amid lingering concerns that Europe will struggle to contain its sovereign debt crisis. (Oct 3, 2011) Full Article General News Philippine Abductors Release American Woman Seized In July A Filipino-American woman abducted more than two months ago along with her 14-year-old son and a relative by a radical Islamist militant group in southern Philippines has been released by her captors, officials said Monday. (Oct 3, 2011) Full Article At Least 19 Killed In Attack On Nigerian Village At least 19 people have been shot or hacked to death in a brutal attack by a group of unidentified gunmen on a village in northwestern Nigeria, officials said late on Sunday. (Oct 3, 2011) Full Article At Least 10 Killed In Algeria Floods At least ten people have been killed and hundreds of homes destroyed in floods triggered by days of torrential rains in Algeria, local reports quoting officials said late on Sunday. (Oct 3, 2011) Full Article Libya Conflict: Fighting Resumes In Sirte After Cease-Fire Ends Fighting between forces supporting Libya's interim rulers and loyalists of fugitive leader Moammar Qadhafi has resumed in Sirte after a brief cease-fire declared by the Libyan forces expired, officials said late on Sunday. (Oct 3, 2011) Full Article Insurgents Take Hostages After Storming Iraq Government Building Heavily armed insurgents dressed as police officers have taken several people hostage after storming a local government building in central Iraq, officials said on Monday. (Oct 3, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service