Forex Market Update

Forex Market Update Monday, October 10, 2011, 09:06 Contents Economic News Forex Top Story Political News Currency Alerts General News Economic News BoE's Weale Sees Scope To Expand Asset Purchases: Report The Bank of England has 'a lot more scope' to expand asset purchases, policy maker Martin Weale told Sky News on Sunday. (Oct 10, 2011) Full Article Spanish House Transactions Plunge In August Spanish housing transactions declined sharply in August, figures from the statistical office INE showed Monday. (Oct 10, 2011) Full Article Italy's Industrial Production Rises Unexpectedly In August Italian industrial output increased unexpectedly in August, data from the statistical office Istat showed Monday. (Oct 10, 2011) Full Article Eurozone Oct. Investor Confidence Lowest Since July 2009 Eurozone investor confidence dropped for a third month in a row in October, to reach the lowest level since July 2009, data released by think tank Sentix showed Monday. (Oct 10, 2011) Full Article Two Americans Share Nobel Prize For Economics US economics professors Thomas J. Sargent and Christopher A. Sims have won this year's Nobel Prize for Economic Sciences. (Oct 10, 2011) Full Article Forex Top Story Merkel, Sarkozy Reach Deal On Bank Recapitalization German Chancellor Angela Merkel and French President Nicolas Sarkozy have reached an agreement on recapitalizing European banks in an attempt to stem the debt crisis. (Oct 10, 2011) Full Article German Exports Rebound In August German exports grew for the first time in three months in August, leading to an increase in the country's trade surplus, data from the Federal Statistical Office showed Monday. (Oct 10, 2011) Full Article Good But Not Good Enough The parched markets received their share of good news last week, with some of the domestic data coming in better than expected and allaying fears of an outright recession. (Oct 10, 2011) Full Article French Q3 Growth Forecast Confirmed At 0.1%, Business Sentiment Stable The French economy is set to mark weak growth in the third quarter as previously projected, following a stagnation in the previous three months, a survey revealed Monday. (Oct 10, 2011) Full Article Political News Syria Warns Nations Against Recognizing Opposition Council The Syrian government has warned world nations against recognizing the recently-formed Opposition Syrian National Council (SNC) and threatened "tough measures" against countries which do so despite the warning. (Oct 10, 2011) Full Article Russia Ready To Buy Spanish Debt, Presidential Aide Says Russia may consider buying Spanish government debt if euro area members takes concrete steps to tackle the debt crisis, reports said Monday quoting Arkady Dvorkovich, economic adviser to President Dmitry Medvedev. (Oct 10, 2011) Full Article Ruling Coalition Retains Power In Poland Poland's governing coalition is set to rule the country for a second consecutive term, as the center-right Civic Platform (PO) led by Prime Minister Donald Tusk has won the parliamentary election with a convincing lead over the Opposition Law and Justice party (PIS). (Oct 10, 2011) Full Article Currency Alerts Dollar And Yen Drop On Risk Appetite The US dollar and the Japanese yen weakened against their major rivals on Monday in Asian trading as last week's relatively upbeat employment data from the U.S. lifted risk-appetite, which in turn reduced demand for low-yielding currencies. (Oct 10, 2011) Full Article Euro Rallies After Merkel, Sarkozy Reach Deal On Bank Recapitalization The euro rallied against its most major counterparts in Asian trading on Monday after German Chancellor Angela Merkel and French President Nicolas Sarkozy have reached an agreement on recapitalizing European banks. (Oct 10, 2011) Full Article Swiss Franc Extends Rally Against Most Majors In early European deals on Monday, the Swiss franc has been extending its Asian session's rally against the currencies of U.S., U.K. and Japan. (Oct 10, 2011) Full Article Australian And New Zealand Dollars Rise On Risk Appetite The Australian and New Zealand dollars strengthened against their major counterparts on Monday as traders bought high-yielding assets in response to upbeat U.S. jobs data and a pledge by German and French leaders to shore up Europe's struggling banks. (Oct 10, 2011) Full Article Dollar Struggles As European Leaders Pledge Bank Recapitalization The dollar fell sharply versus the euro Monday morning, extending last week's losses after French and German leaders made vague assurances that Europe's banking system would be supported if Greece sparks a sovereign debt crisis. (Oct 10, 2011) Full Article General News Curfew Imposed In Cairo After Deadly Clashes Curfew has been imposed in Cairo following deadly clashes between security forces and thousands of Coptic Christians protesting an attack on a church last week, officials said late on Sunday. (Oct 10, 2011) Full Article New Zealand Steps Up Efforts To Remove Oil From Stricken Ship Emergency workers have stepped up their efforts to remove fuel oil from a container ship that has been leaking oil into the sea after striking a reef off the east coast of New Zealand's North Island last week, officials said on Monday. (Oct 10, 2011) Full Article Chinese Sailors Killed As Drug Traffickers Hijack Ships Thirteen Chinese sailors were killed after their cargo ships were hijacked by suspected Thai drug traffickers in the golden triangle area of the Mekong River, Chinese media reported on Monday. (Oct 10, 2011) Full Article Two Held In Poland Over IKEA Bomb Attacks Authorities in Poland said on Sunday that two men were arrested and charged with carrying out a series of bomb attacks targeting IKEA stores in several European countries and attempting to extort millions from the Swedish furniture giant. (Oct 10, 2011) Full Article Hardline Islamists Attack TV Station In Tunisia Hundreds of hardline Islamists attacked a privately-owned television station in Tunisia's capital Tunis on Sunday for broadcasting a French-Iranian animation film they claimed was against Islamic beliefs. (Oct 10, 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