Forex Market Update

Forex Market Update Wednesday, October 19, 2011, 09:03 Contents Economic News Forex Top Story Commodities Political News Analyst Currency Comments Currency Alerts General News Economic News FDI In China Continues To Grow Foreign direct investment in China continued to increase in September, but at a slower pace, data from the Ministry of Commerce showed Wednesday. (Oct 19, 2011) Full Article Japan, S. Korea Agree To Expand Currency Swap Arrangement Japan and Korea on Wednesday agreed to raise the size of the bilateral yen-won swap arrangement in order to stabilize regional financial markets through supplying short-term liquidity. (Oct 19, 2011) Full Article Australian Banks Resilient To Periods Of Stress: RBA's Debelle Rising domestic deposits and increased use of longer-term funding are helping Australian banks to withstand periods of volatility, better than they did in the past, Reserve Bank of Australia Assistant Governor Guy Debelle said Wednesday. (Oct 19, 2011) Full Article Eurozone Aug. Current Account Gap Narrows Eurozone current account gap narrowed to a seasonally adjusted EUR 5 billion in August from EUR 6.8 billion in July, the European Central Bank said Wednesday. (Oct 19, 2011) Full Article U.S. Housing Starts Jump More Than Expected In September Fueled by a jump in construction of multi-family dwellings, U.S. housing starts surged higher in September, according to figures released Wednesday by the Commerce Department. (Oct 19, 2011) Full Article U.S. Consumer Prices Rise In Line With Estimates In September With a jump in energy prices partly offset by lower prices for apparel and used cars, the Labor Department released a report on Wednesday showing a modest increase in consumer prices in the month of September. (Oct 19, 2011) Full Article Forex Top Story Moody's Downgrades Spanish Credit Rating Moody's Investor Service lowered Spanish government rating by two notches on Tuesday, citing the economy's continued vulnerability to market stress and elevated funding risks. The move comes after Fitch's downgrade earlier this month and a similar action from Standard and Poor's last week. (Oct 19, 2011) Full Article BoE's King Urges Surplus Economies To Boost Spending Bank of England Governor Mervyn King on Tuesday urged surplus nations like Germany, Japan and China to boost spending to help rebalancing by the deficit countries. (Oct 19, 2011) Full Article Thai Central Bank Halts Policy Tightening On Flood Damage Thailand's central bank on Wednesday decided to put a break on a seven-month streak of monetary tightening, as the nation's worst floods in five decades seriously hurt economic activity. (Oct 19, 2011) Full Article Bank Of England MPC United On QE2, Record Low Interest Rate Bank of England's re-launch of quantitative easing early this month was initiated through a unanimous vote as policymakers judged that the case for an expansion of asset purchases was 'compelling'. (Oct 19, 2011) Full Article Commodities Gold Steady Above $1,650 Ahead Of Inflation Data The price of gold was paring early trading losses Wednesday morning as the U.S. dollar turned weak ahead of the inflation report. (Oct 19, 2011) Full Article Crude Edges Up Near $89 Ahead Of Official Inventories Data The price of crude oil was extending gains Wednesday morning as traders await cues from the official inventories data. (Oct 19, 2011) Full Article Political News NATO 'Moving Closer' To End Of Libya Mission The NATO has said that it is moving closer to the end of its operations in Libya. (Oct 19, 2011) Full Article US: Missile Defense Not Against Russia, Can't Undermine Its Nuclear Forces The United States has told the Atlantic Council Missile Defense Conference that the missile defense system being established in Europe is not and will not be directed at Russia, and that it does not possess the technical capability to undermine Russia's strategic nuclear forces. (Oct 19, 2011) Full Article UN Calls For Ban On Solitary Confinement United Nations top investigator on torture has called on all countries to ban solitary confinement of prisoners except in very exceptional circumstances and that for as short a time as possible. (Oct 19, 2011) Full Article Analyst Currency Comments Sentiment Remains Fragile Ahead Of EU Summit - Westpac While noting that the price action in Asia-Pacific was moderate, analysts at Westpac said market sentiment remains fragile ahead of the European Union summit. The firm is of the view that liquidity remains quite poor with a lot of money still on the sidelines ahead of the summit. (Oct 19, 2011) Full Article Currency Alerts Euro Advances On Easing Eurozone Fears During early European deals on Wednesday, the euro edged up against other major currencies as concerns over the eurozone debt crisis eased after reports that France and Germany have reached a deal to enlarge the bailout fund. (Oct 19, 2011) Full Article Pound Strengthens Against Dollar And Yen After BoE Minutes The British sterling edged higher against the currencies of the U.S. and Japan in early deals Wednesday (Oct 19, 2011) Full Article Dollar On Defense Despite Lack Of Clarity On Europe Rescue Fund The dollar remained under pressure versus the euro on Wednesday, amid conflicting reports about the size of an expanded bailout intended to prevent a full-blown euro zone debt crisis. (Oct 19, 2011) Full Article General News US Travel Alert Warns Citizens Of Terror Strikes In India The United States has reminded its citizens of the continued possibility of terror strikes throughout India. (Oct 19, 2011) Full Article 26 Turkish Soldiers Killed In Kurdish Rebel Attack As many as 26 Turkish soldiers have been reported killed after Kurdish rebels launched simultaneous attacks on police and military installations in south-eastern Turkey. (Oct 19, 2011) Full Article EU Slaps Hefty Fine On Makers Of TV Monitor Components Three makers of components used in the manufacture of television screens and computer monitors were fined EUR128.7 million ($178.2 million) by European Union anti-trust authorities for operating a cartel that ultimately affected consumers in Europe. (Oct 19, 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