Forex Market Update

Forex Market Update Friday, October 7, 2011, 09:03 Contents Economic News Forex Top Story Commodities Political News Currency Alerts General News Economic News Insee Cuts French Growth Forecast; Sees Stagnation In Q4 The French statistical office Insee downgraded its growth forecast amid a new spike in uncertainty over the summer. (Oct 7, 2011) Full Article Moody's Downgrades Nine Portuguese Banks Moody's Investors Service on Friday downgraded senior debt and deposit ratings of nine Portuguese banks, citing deterioration of their unsupported financial strength. (Oct 7, 2011) Full Article IMF: Risks To Australia's Growth Outlook Tilted To Downside Risks to Australia's economic growth prospects are tilted to the downside, though the overall outlook is favorable, the International Monetary Fund said Thursday. (Oct 7, 2011) Full Article ECB's Gonzalez-Paramo: Interest Rates Are "Sufficiently Low" The current interest rates in Eurozone are "sufficiently low," reports quoted European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo as saying in a radio interview on Friday. (Oct 7, 2011) Full Article Canadian Unemployment Drops To 7.1%, Economy Generates Nearly 61,000 Jobs Canadian employment rose sharply in September, with most of the gains coming in full-time positions, official data revealed Friday. (Oct 7, 2011) Full Article Forex Top Story Bank Of Japan Keeps Policy On Hold; Warns Of Risks From European Debt Crisis The Bank of Japan, or BoJ, on Friday retained its key interest rate near zero while sticking to the monetary easing measures announced in August. (Oct 7, 2011) Full Article U.K. Output Price Inflation Near 3-Year High Although British output price inflation accelerated in September to a near three-year high, manufacturers are likely to find it difficult to raise their prices going forward amid weak economic prospects. (Oct 7, 2011) Full Article German Industrial Output Falls In August Germany industrial production declined at a slower-than-expected pace in August, after rebounding in July, data from the Federal Ministry of Economy and Technology showed Friday. (Oct 7, 2011) Full Article U.S. Economy Adds 103,000 Jobs In September, More Than Expected Boosted in part by the end of a Verizon (VZ) strike, the U.S. economy added more jobs than expected in the month of September, according to figures released Friday by the Labor Department, although the unemployment rate remained unchanged. (Oct 7, 2011) Full Article Commodities Gold Steady Above $1,650 Ahead Of Jobs Data The price of gold was little changed Friday morning as the U.S. dollar was mixed ahead of non-farm payroll report. (Oct 7, 2011) Full Article Crude Edges Down Near $82 The price of crude oil was leveling off from its 2-week high Friday morning as traders turned cautious ahead of non-farm payroll data from the U.S. Labor Department. (Oct 7, 2011) Full Article Political News US Senate Delays Vote On Currency Bill The U.S. Senate on Thursday delayed voting on a controversial currency bill aimed at punishing China for undervaluing its currency, following differences between Democrat and Republican lawmakers over the issue. (Oct 7, 2011) Full Article President's Jobs Council To Discuss Increasing FDI In US U.S. Secretary of State Hillary Rodham Clinton will host on Friday a meeting of the President's Council on Jobs and Competitiveness to discuss the critical importance of further strengthening foreign direct investment in the United States. (Oct 7, 2011) Full Article Court Adviser Backs EU Decision To Regulate Jet Emissions An adviser to Europe's highest court said on Thursday that the European Union's decision to charge airlines for the greenhouse gases emitted by their jets while landing or taking off on EU territory is completely "legal," indicating a preliminary victory for the 27-member bloc in its legal battle with the world's major airlines over the issue. (Oct 7, 2011) Full Article US Urges Russia To Prosecute Murderers Of Anna Politkovskaya The U.S. government has said that justice will not be done until all those involved in the murder of Russian journalist Anna Politkovskaya are identified and prosecuted. (Oct 7, 2011) Full Article Rebel Forces Launch Fresh Assault On Qadhafi Hometown Forces supporting Libya's interim rulers, the National Transitional Council (NTC), have launched a major assault on Sirte, the hometown of fugitive leader Moammar Qadhafi, with the intention of capturing the city from his loyalists. (Oct 7, 2011) Full Article Currency Alerts Australian And New Zealand Dollars Rise Against Most Majors In Asian trading on Friday, the Australian and New Zealand dollars strengthened against their most major counterparts on easing concerns about the European financial crisis. (Oct 7, 2011) Full Article Loonie Rebounds On Canada's Upbeat Job Report The Canadian dollar that traded lower against its major counterparts in the previous session staged a strong rebound around 7:00 am ET Friday following a government report showed that the nation's economy added more jobs in September and unemployment drops to its lowest level in nearly 3-years. (Oct 7, 2011) Full Article Dollar On Defense Ahead Of U.S. Jobs Report The dollar was generally weaker Friday morning in New York, as traders were cautious ahead of a crucial U.S. jobs report. (Oct 7, 2011) Full Article Resource-linked Currencies Jump On Upbeat U.S. Job Data The commodity-linked Australian, Canadian and New Zealand dollars edged sharply higher against their major rivals in early New York trading on Friday as risk appetite re-emerged in the market after a report showed that the U.S. economy added more jobs than expected in the month of September. (Oct 7, 2011) Full Article General News Ex-Governors Held Over Corruption Charges In Nigeria Nigeria's anti-corruption agency, the Economic & Financial Crimes Commission (EFCC), on Thursday arrested three former State Governors over allegations of embezzling state funds amounting to $674 million. (Oct 7, 2011) Full Article Reports: Syrian Army Kills Farmer Inside Lebanese Territory The Syrian Army has killed a Syrian male living along the Lebanese side of the border separating the two countries in an apparent cross-border operation, reports quoting officials and witnesses said late on Thursday. (Oct 7, 2011) Full Article New Website For Contact Group On Piracy Off Somalia The Contact Group on Piracy off the Coast of Somalia has launched its new official website. (Oct 7, 2011) Full Article New Zealand Braces For Worst Environmental Disaster New Zealand is preparing for an environmental disaster as a container ship that ran aground off the North Island is on the verge of breaking and spill heavy fuel oil into the Bay of Plenty. (Oct 7, 2011) Full Article Three Women Share Nobel Peace Prize Liberian President Ellen Johnson Sirleaf and two other women have jointly won the Nobel Peace Prize 2011 for their contribution to women's rights. (Oct 7, 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