Forex Market Update

Forex Market Update Thursday, October 6, 2011, 09:07 Contents Economic News Forex Top Story Commodities Political News Currency Alerts General News Economic News UK House Prices Decline For Second Month: Halifax House prices in the United Kingdom declined for the second consecutive month in September, data released by the Lloyds Banking Group's Halifax division showed Thursday. (Oct 6, 2011) Full Article Swiss Inflation Quickens In September Switzerland's annual inflation rose more than expected to 0.5 percent in September from 0.2 percent in August, the Federal Statistical Office reported Thursday. Economists had forecast an annual rate of 0.3 percent. (Oct 6, 2011) Full Article World Food Price Index Drops For Third Month: FAO The world food price index declined for a third month in September, the Food and Agriculture Organization (FAO) said in a report on Thursday. (Oct 6, 2011) Full Article German Aug. Factory Orders Fall Unexpectedly German factory orders declined unexpectedly in August, the Federal Ministry of Economy and Technology showed Thursday. (Oct 6, 2011) Full Article U.S. Weekly Jobless Claims Increase Less Than Expected New unemployment claims in the U.S. ticked up slightly in the week ended October 1st, according to figures released Thursday by the Labor Department, although claims rose by less than anticipated. (Oct 6, 2011) Full Article Forex Top Story BoE Lifts QE By GBP 75 Bln; Rates On Hold The Bank of England on Thursday unexpectedly expanded its quantitative easing program by GBP 75 billion to stimulate the ailing U.K. economy amid concerns about debt contagion and severe strains in bank funding. (Oct 6, 2011) Full Article European Central Bank Holds Rates As Trichet Bids Adieu European Central Bank President Jean-Claude Trichet did not spring any surprises in his final rate-setting session as the region's interest rates were left unchanged despite concerns that an escalating sovereign debt crisis has significantly hurt the economic outlook. (Oct 6, 2011) Full Article Commodities Gold Steady Above $1,650 The price of gold was firm above $1,650 Thursday morning as the U.S. dollar was flat versus a basket of currencies ahead of weekly jobless claims data. (Oct 6, 2011) Full Article Crude Moves Back Above $80 The price of crude oil moved back above $80 Thursday morning amid rebounding global equities. (Oct 6, 2011) Full Article Political News Bahrain Orders Civilian Retrials For Convicted Medics Bahrain's Attorney-General Ali al-Boainain on Thursday ordered civilian retails for 20 medical workers jailed by a military court for their alleged support of the recent anti-government protests in the Gulf Kingdom. (Oct 6, 2011) Full Article Pak Probe Commission Interrogates Bin Laden Family A Pakistani Commission, probing the U.S. Special Forces' raid that led to the killing of Osama bin Laden in Abbotabad on May 2, has questioned family members of the slain al-Qaeda chief, the Commission said in a statement on Wednesday. (Oct 6, 2011) Full Article 5,000 Security Personnel To Protect US Missions In Iraq In the light of the "high threat environment in Iraq" over the past several years, the United States will deploy next year approximately 5,000 contract security personnel to help protect its diplomatic missions in various locations around the country and to ensure its capability to interact successfully with the Iraqi government and people to build an enduring and mutually beneficial partnership of both countries and the region. (Oct 6, 2011) Full Article American AEGIS Ships To Base In Spain For Missile Defense Four American AEGIS ships will anchor at a Spanish naval base as part of a deal between the two countries to strengthen NATO's missile defense system being developed to defend Europe against current and emerging ballistic missile threats. (Oct 6, 2011) Full Article Currency Alerts Dollar And Yen Strengthen Against Majors The US dollar and the Japanese yen edged higher against their major counterparts in Asian deals Thursday (Oct 6, 2011) Full Article Australian Dollar Strengthens Against Major Rivals After moving broadly sideways in early Thursday Asian deals, the Australian dollar strengthened against its major rivals in late trading as domestic equities posted solid gains. (Oct 6, 2011) Full Article Franc Off New Multi-month Lows After Switzerland's Inflation Report The Swiss franc that fell to new multi-month lows against its major rivals at the beginning of Thursday's European deals moved off shortly following a report showed that the nation's inflation rose more than analysts had predicted. (Oct 6, 2011) Full Article Pound Slides As Bank Of England Expands Asset Purchases By GBP 75 Billion The pound staged a steep fall on Thursday morning after the Bank of England unexpectedly decided to raise the size of quantitative easing by GBP 75 billion amid the economy undergoing a fragile recovery. (Oct 6, 2011) Full Article General News Mexico Arrests Key Member Of Sinaloa Drug Cartel Mexican security forces have arrested one of the top figures of the Sinaloa drug cartel in an operation carried out in the country's north, officials said on Wednesday. (Oct 6, 2011) Full Article ICRC Begins Food Distribution In Somalia's Islamist-Controlled Areas The International Committee of the Red Cross has begun food distribution to thousands of drought-hit people in southern and central Somalia, including regions controlled by the Islamist militants. (Oct 6, 2011) Full Article Indian Siblings Shot Dead In Saudi Arabia Two Indian expatriate brothers were shot dead following an argument at a workshop in Sail al-Sagheer, a town about 200 kilometer from the Saudi port city of Jeddah. (Oct 6, 2011) Full Article Fukushima Nuke Plant Worker Dies A worker at Japan's tsunami-wrecked Fukushima nuclear power plant died on Thursday, which the plant's operator said was not necessarily related to radioactive leaks. (Oct 6, 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