Forex Market Update

Forex Market Update Thursday, October 20, 2011, 09:06 Contents Economic News Forex Top Story Commodities Political News Currency Alerts General News Economic News BOJ Shirakawa: Carefully Watching Risks From Euro Crisis Bank of Japan governor Masaaki Shirakawa said Thursday that the central bank is closely monitoring risks stemming from the European debt crisis. (Oct 20, 2011) Full Article German Producer Price Inflation Stable In September Germany's producer price inflation remained unchanged in September, and matched economists' forecast, data released by statistical office Destatis showed Thursday. (Oct 20, 2011) Full Article Swiss Trade Surplus Rises In September Switzerland's trade surplus increased in September as exports improved, data from the Federal Customs Administration showed Thursday. (Oct 20, 2011) Full Article Swiss ZEW Economic Sentiment Improves In October Economic confidence in Switzerland improved in October after deteriorating for five months in a row, data from a survey by the ZEW Center for European Economic Research and Credit Suisse showed Thursday. (Oct 20, 2011) Full Article Germany Slashes 2012 Growth Forecast The German government sharply cut its growth forecast for next year, citing the impact of the economic crisis in Eurozone. The growth projection for 2012 was slashed to 1 percent from 1.8 percent seen in April. The forecast for this year, however, was lifted to 2.9 percent from 2.6 percent. (Oct 20, 2011) Full Article U.S. Weekly Jobless Claims Dip To 403,000 New U.S. unemployment insurance claims showed a modest decrease in the week ended October 15th, although revisions to the previous week's data kept the number of new claims above the key 400,000 level. (Oct 20, 2011) Full Article Forex Top Story Eurozone Leaders Split On Bailout Fund Ahead Of Crucial Summit Eurozone leaders have failed to reach an agreement on how to rescue the region from sliding into a recession as they remain divided over leveraging its rescue fund, the European Financial Stability Facility, ahead of the summit on Sunday. (Oct 20, 2011) Full Article UK September Retail Sales Stronger Than Expected Retail sales in the U.K. was stronger than expected in September, but economists sounded less optimistic if the coming months will see a similar upturn as global economic jitters and tight fiscal policy at home continue to weigh on consumer spending. (Oct 20, 2011) Full Article Commodities Gold Extends Losses Despite Physical Demand The price of gold was extending losses for a fourth session Thursday morning even as the U.S. dollar was trading weak versus a basket of currencies. (Oct 20, 2011) Full Article Crude Steady Above $86 Amid Weak Dollar The price of crude oil was steady above $86 Thursday morning as the U.S. dollar was trading weak ahead of today's economic reports, including weekly jobs data. (Oct 20, 2011) Full Article Political News US-North Korea Exploratory Meeting In Geneva Next Week The second round of exploratory meetings to determine whether North Korea is prepared to fulfill its nuclear commitments will be held in Geneva next week. (Oct 20, 2011) Full Article US Special Envoy To North Korea Bosworth To Quit After Geneva Talks U.S. Ambassador Stephen Bosworth has decided to step down as Special Representative for North Korea Policy after the nuclear talks between the two countries in Geneva next week. (Oct 20, 2011) Full Article US, EU Sign Joint Declaration Renewing Commitment To Non-Proliferation Of WMD The United States and the European Union have issued a joint declaration reiterating their shared commitment to full and comprehensive implementation of United Nations Security Council Resolutions (UNSCR) 1540 and 1977. (Oct 20, 2011) Full Article Negotiate Peace Or 'Face Continuing Assault,' Clinton Warns Taliban U.S. Secretary of State Hillary Clinton has said the door is still open to the Taliban to negotiate an end to the war in Afghanistan, but warned that they would "face continuing assault" if they reject peace. (Oct 20, 2011) Full Article Libya's Fugitive Leader Qadhafi Captured Deposed Libyan dictator Col. Moammar Qadhafi was captured on Thursday while fleeing the port city of Sirte, DPA reported. (Oct 20, 2011) Full Article Currency Alerts Aussie Falls On Weak Equities And NAB Business Confidence Data During early Asian deals on Thursday, the Australian dollar slipped against other major currencies on weak equities and as a report from the National Australia Bank showed that the nation's business confidence declined in the third quarter. (Oct 20, 2011) Full Article Dollar And Yen Surges Up On Risk Aversion During Asian trading on Thursday, the US dollar and the Japanese yen strengthened against their most major counterparts as traders grew risk averse following a weak Beige Book report by the Federal Reserve and on renewed worries about the eurozone debt crisis. (Oct 20, 2011) Full Article Euro Weakens Against Most Majors On Eurozone Uncertainty The euro declined against its most major counterparts in Asian deals on Thursday as an uncertainty over the eurozone debt crisis grew amid reports of a split among European leaders on a plan to resolve the region's debt crisis. (Oct 20, 2011) Full Article Franc Strengthens Against Majors; Swiss Trade Surplus Widens Erasing most of early Asian session's losses, the Swiss franc edged higher against its major rivals in early European deals on Thursday. With caution prevailed ahead of the key eurozone summit in the weekend, the macroeconomic picture in Switzerland was quite encouraging today, with both trade surplus and economic confidence showing improvements. (Oct 20, 2011) Full Article Dollar Unable To Sustain Early Gains The dollar weakened against the euro Thursday morning, extending a recent run of choppy trading, amid renewed hopes that a lasting solution to the European sovereign debt crisis may be close at hand. (Oct 20, 2011) Full Article General News ICC Asks Malawi To Explain Failure To Arrest Sudan's President On Visit The International Criminal Court (ICC) has sought an explanation from Malawi on its alleged failure to arrest Sudanese President Omar al-Bashir, who is wanted on charges of crimes against humanity, war crimes and genocide. (Oct 20, 2011) Full Article World Youth Face Worsening Job Crisis, Says New UN Report A new report by the United Nations labor agency warns of a job crisis among the youth in both developed and developing countries, where people of 15-24 age group find it increasingly difficult to get decent employment and face a dim future. (Oct 20, 2011) Full Article Amnesty: US, Europe Sold Arms To Repressive Middle East, North Africa Regimes A new report by the Amnesty International has alleged that the United States and European countries, including Russia, have supplied large quantities of arms to repressive regimes in the Middle East and North Africa before this year's uprisings despite having evidence of a substantial risk that they could be used to commit serious human rights violations. (Oct 20, 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