Forex Market Update

Forex Market Update Friday, October 21, 2011, 09:06 Contents Economic News Forex Top Story Commodities Political News Analyst Currency Comments Currency Alerts General News Economic News Eurozone Leaders To Hold Second Summit On Wednesday Eurozone leaders will meet for a second time on Wednesday after the Sunday summit, France and Germany said in a joint statement on Thursday, buying time to sort out differences and evolve more solid and ambitious measures to end the crisis. (Oct 21, 2011) Full Article French Business Sentiment Weakens In October French business confidence deteriorated further in October, survey data from the statistical office Insee showed Friday. (Oct 21, 2011) Full Article Eurozone Govt. Deficit To GDP Falls In 2010 The euro area government deficit to GDP decreased in 2010, data from the Eurostat showed Friday. (Oct 21, 2011) Full Article Trichet: Combining Low Inflation With Real Convergence A 'Serious Challenge' European Central Bank President Jean-Claude Trichet said on Friday that combining low inflation with real convergence has posed a serious challenge in many Central and Eastern European countries. (Oct 21, 2011) Full Article Swift Bank Recapitalization 'Crucial': ECB's Gonzalez-Paramo European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo on Friday said swift recapitalization of banks in a coordinated fashion will prove crucial. (Oct 21, 2011) Full Article Forex Top Story U.K Consumer Morale Sinks For Fourth Month: Nationwide Confidence among British consumers fell for a fourth straight month in September as households' remained wary of a possible fallout from the Euro crisis, while rising unemployment and inflation squeezed their purchasing power. (Oct 21, 2011) Full Article German Business Confidence Slips, But Less Than Expected In October Confidence among German businesses dropped again in October, but less than expected by economists, latest survey results from Ifo institute showed Friday. (Oct 21, 2011) Full Article U.K. Budget Deficit Narrows More Than Expected U.K.'s budget deficit declined more than expected in September, suggesting that the government may succeed in lowering its borrowing in line with targets. (Oct 21, 2011) Full Article Commodities Gold Edges Up After Four-day Loss The price of gold edged up Friday morning after falling in the past four sessions amid a flat U.S. dollar. (Oct 21, 2011) Full Article Crude Flat As Traders Eye EU Summit The price of crude oil was little changed Friday morning as traders turned cautious ahead of the week-end EU summit. (Oct 21, 2011) Full Article Political News Nine Countries Vying For Five Non-Permanent Security Council Seats Nine countries are formally campaigning for elections Friday to occupy five non-permanent seats on UN Security Council during 2012-13. (Oct 21, 2011) Full Article Japanese Cabinet Approves $157.6 Billion Third Extra Budget Japan's Cabinet has approved a third supplementary budget for reconstruction and measures to deal with the strong yen. (Oct 21, 2011) Full Article NATO Military Operations In Libya Over, Says France French President Nicolas Sarkozy has said that France considers NATO's military operations in Libya as over, following the capture and death of fugitive dictator Moammar Qadhafi. (Oct 21, 2011) Full Article Analyst Currency Comments Market Staying On Sidelines Ahead Of EU Summit- Westpac Analysts at Westpac noted on Friday that the market seems reluctant to take position either way ahead of Sunday's European Council summit and its apparent sequel on Wednesday. While the majors have traded in a fairly tight range against the USD, Asian currencies have weakened against the USD. (Oct 21, 2011) Full Article Currency Alerts Swiss Franc Surges Up Ahead Of EU Summit During Asian deals on Friday, the Swiss franc spiked higher against other major currencies as traders bought safe haven franc ahead of Sunday's crucial European Union summit. (Oct 21, 2011) Full Article Pound Spikes Up Against Majors The pound edged sharply higher against its major rivals ahead of the North American session on Friday (Oct 21, 2011) Full Article Loonie Strengthens After Canada's September Inflation Report The Canadian dollar edged higher against its major rivals on Friday after a report showed that the nation's inflation rose slightly in September. (Oct 21, 2011) Full Article General News Suspects Formally Charged In Alleged Iran Plot To Kill Saudi Ambassador U.S. Justice Department officials have filed a formal indictment against two men suspected of conspiring to murder Saudi Ambassador to the United States in a plot allegedly hatched by elements in the Iranian government, news agencies report. (Oct 21, 2011) Full Article UN Special Rapporteur: Palestinian Children Suffer From Long Israeli Occupation Prolonged Israeli occupation of Palestinian territories had caused a tremendous burden on civilians, and had an even heavier impact on children, "whose development is deformed by pervasive deprivations affecting health, education and overall security," a top U.N. official told the United Nations Third Committee on Social, Humanitarian and Cultural issues. (Oct 21, 2011) Full Article Europe Launches Satellites In Galileo GPS Europe on Friday launched its long-awaited satellite navigation system, Galileo. (Oct 21, 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