Forex Market Update

Forex Market Update Tuesday, October 25, 2011, 09:11 Contents Economic News Forex Top Story Commodities Political News Analyst Currency Comments Currency Alerts General News Economic News U.K. Mortgage Approvals Fall Unexpectedly In September U.K. mortgage approvals declined unexpectedly in September, the British Bankers' Association said Tuesday. (Oct 25, 2011) Full Article New Zealand Budget Surplus To Be Higher Than Forecast In 2014-15 New Zealand is forecast to post a budget surplus in the year ending June 2015, which is slightly wider than expected earlier, the Treasury said in a fiscal update released in Tuesday. (Oct 25, 2011) Full Article Italian Consumer Morale Weakens Further In October Italy's consumer confidence continued to deteriorate in October, owing mainly to a sharp fall in the expectations component, data released by statistical office Istat showed Tuesday. (Oct 25, 2011) Full Article Sweden Slashes Budget Surplus Forecasts The Swedish National Debt Office cut its budget surplus forecasts for this year and next on Tuesday. (Oct 25, 2011) Full Article Thai CB Chief: Growth Seen Less Than 3% This Year Due To Floods Thailand's economy is likely to grow less than 3 percent this year owing to the severe flooding in the country, Bank of Thailand Governor Prasarn Trairatvorakul said Tuesday. (Oct 25, 2011) Full Article Forex Top Story New Zealand Inflation Eases More Than Forecast Inflation in New Zealand slowed more than expected in the September quarter, leaving ample room for the central bank to keep its policy on hold until the instability overseas, particularly in Europe, abates, data from Statistics New Zealand showed Tuesday. (Oct 25, 2011) Full Article German, French Consumer Confidence Unexpectedly Improves German consumer confidence is set to improve slightly in November due to strong labor market conditions, while consumers in France turned less pessimistic in October as their expectations on the economy improved, despite the euro area debt crisis and rising fears of recession, results of separate surveys showed Tuesday. (Oct 25, 2011) Full Article India's Central Bank Hikes Policy Rates By 25 Bps India's central bank decided on Tuesday to lift its key policy rates by 25 basis points as expected, to tame persistently high inflation, while signaling an end to the monetary policy tightening on expectations of slowing inflationary pressure in coming months. (Oct 25, 2011) Full Article BoE's Quantitative Easing Unlikely To Boost Bank Lending The latest round of quantitative easing will not guarantee an increase in bank lending to businesses and households, but it has reduced the intensity of the decline in lending, Bank of England Governor Mervyn King told lawmakers on Tuesday. (Oct 25, 2011) Full Article Commodities Gold Extends Gains Amid Flat Dollar The price of gold was extending gains Tuesday morning as traders focus on the tomorrow's EU meeting, which is expected to come with a tangible solution for the euro zone debt crisis. (Oct 25, 2011) Full Article Crude Steady At 3-month High The price of crude oil was firm near its 3-month high Tuesday morning ahead to Wednesday's meeting of European leaders. (Oct 25, 2011) Full Article Political News Japan's Azumi Warns Of "Bold Action" On Yen Japanese Finance Minister Jun Azumi on Tuesday reiterated that the government is ready to take decisive measures if the yen rise is excessive. (Oct 25, 2011) Full Article Moderate Islamist Party Claims Victory In Tunisia Elections Moderate Islamist party Ennahda has claimed victory in Sunday's elections to the Constituent Assembly in Tunisia, which was hailed as the first election held in a free, fair and democratic manner in the country. (Oct 25, 2011) Full Article Azerbaijan Elected To UN Security Council Azerbaijan will become a member of the United Nations Security Council (UNSC) for the first time in its history after winning the final vacancy on the 15-member body. (Oct 25, 2011) Full Article Analyst Currency Comments USD/Asia To Remain Range-bound Until EUR Direction Becomes Clear - Westpac Analysts at Westpac noted on Tuesday that risk-associated currencies failed to recapture their overnight gains in the Asian session due to mixed trading seen in domestic equities. Despite the Asian currencies remaining reasonably well supported against the US dollar, the firm expects the USD/Asia pairs to remain range bound until EUR direction becomes clear. (Oct 25, 2011) Full Article Currency Alerts Canadian Dollar Advances; BoC Rate Decision Eyed During early European deals on Tuesday, the Canadian dollar has been extending its Asian session's rally against the US dollar and the Japanese yen as traders await Bank of Canada's interest rate announcement later in the day. (Oct 25, 2011) Full Article Euro Mixed Against Majors The European currency showed mixed trading against its major rivals in early deals Tuesday (Oct 25, 2011) Full Article Dollar Steady After Recent Losses There has been little sustained movement in the U.S. dollar on Tuesday. Following its recent losses, the greenback has been moving sideways, as traders await developments from Europe and key economic reports due out this week. (Oct 25, 2011) Full Article General News Amnesty 'Shocked' Over Olympic Contract To Firm Responsible For Bhopal Tragedy Amnesty International has expressed shock over Chemical giant Dow being granted a high profile contract with London's 2012 Olympic Games despite the fact that it owned a company responsible for the 1984 Bhopal gas leak disaster that killed tens of thousands. (Oct 25, 2011) Full Article China-IAEA Deal On Safe Construction Of Nuke Power Plants The International Atomic Energy Agency (IAEA) has signed a practical arrangement deal with China on cooperation in the field of safe nuclear power plant construction in that country. (Oct 25, 2011) Full Article At Least 100 Killed In Fuel Tank Blast In Libya's Sirte At least 100 people were reported killed in a fuel tank explosion in the Libyan city of Sirte. (Oct 25, 2011) Full Article Qadhafi, Son Buried In Secret In Libyan Desert Slain dictator Moammar Qadhafi and his son Muatassim were buried in secret in the Libyan desert along with a top aid at dawn on Tuesday, media reports said quoting an official of the National Transition Council (NTC) which runs the interim government in the oil-rich North African country. (Oct 25, 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