Forex Market Update

Forex Market Update Tuesday, November 1, 2011, 09:04 Contents Economic News Forex Top Story Commodities Political News Analyst Currency Comments Currency Alerts General News Economic News South Korea Has $4.3 Billion Trade Surplus South Korea saw a merchandise trade surplus of $4.3 billion in October, the Ministry of Knowledge Economy said on Tuesday - remaining in the black for the 21st consecutive month. (Nov 1, 2011) Full Article Indian Factory Sector Growth Quickens In October Activity in the Indian manufacturing sector increased at a faster rate in October, data from a survey by HSBC Bank and Markit Economics showed Tuesday. (Nov 1, 2011) Full Article Swiss Factory Activity Falls For Second Month Switzerland's manufacturing activity contracted for a second straight month in October, data from the SVME Association of Purchasing and Materials Management and Credit Suisse showed Tuesday. (Nov 1, 2011) Full Article British Factory Sector Contracts At Fastest Rate In 28 Months British manufacturing activity deteriorated to the lowest level in twenty-eight months in October, as new business declined sharply amid the continuing uncertainty in the Eurozone, results of a survey showed Tuesday. (Nov 1, 2011) Full Article Forex Top Story BoJ Minutes: Economy Faces Greater Downside Risks Members of the Bank of Japan's monetary policy board said that the risks to the economy have increased in the last month, minutes from the bank's October 6 and 7 meeting revealed on Tuesday. (Nov 1, 2011) Full Article China Factory Growth Weakest Since Feb. 2009, Input Costs Fall China's manufacturing activity eased to its weakest level in almost three years in October, while there was a sharp fall in purchasing costs, survey results from the China Federation of Logistics and Purchasing (CFLP) indicated Tuesday. (Nov 1, 2011) Full Article RBA Lowers Key Rate For First Time Since 2009 On Weak Growth Australia's central bank on Tuesday reduced its benchmark interest rate by a quarter point as inflation eased and domestic growth moderated due to weak global economic activity. (Nov 1, 2011) Full Article U.K. House Prices Rise For Second Month, Likely To Remain Subdued: Nationwide House prices in the U.K. improved for a second month in a row in October, but price growth is likely to remain soft in the period ahead, given the weak domestic economic activity, a key survey revealed Tuesday. (Nov 1, 2011) Full Article U.K. Grows Faster Than Expected In Q3 The U.K. economy expanded at a faster than expected pace in the third quarter, underpinned by an improvement in services and a recovery in production that offset a decline in construction. (Nov 1, 2011) Full Article Commodities Gold Slips Near $1,700 The price of gold slipped back near $1,700 Tuesday morning, paring last week's strong gains, amid a steady U.S. dollar. (Nov 1, 2011) Full Article Crude Dips Near $90 On Demand Concerns The price of crude oil moved back to a 2-week low Tuesday morning as traders fret over demand growth after China said its manufacturing sector grew at a slower pace than estimated. (Nov 1, 2011) Full Article Political News UN Security Council Concerned Over Libya Arms Stockpile The United Nations Security Council (UNSC) has expressed "concern" over the fate of weapons stockpiled under the toppled regime of slain despot Moammar Qadhafi and called on liberated Libya and its neighbours to stamp out proliferation of looted arms. (Nov 1, 2011) Full Article Greek Referendum Plan Casts Shadow On EU Rescue Deal Greek Prime Minister George Papandreou has announced a referendum on the new EU bailout package and a parliamentary confidence vote on austerity measures that his government was forced to implement in return for the rescue deal. (Nov 1, 2011) Full Article US Freezes Contributions To UNESCO Over Palestine Membership The United States has suspended contributions to the United Nations Educational, Scientific & Cultural Organization (UNESCO) in the wake of its decision to grant membership to Palestine. (Nov 1, 2011) Full Article Analyst Currency Comments Risk Sentiment Depends On U.S., Europe Monetary Policy Decisions – Westpac Westpac analysts said on Tuesday that risk sentiment in the coming sessions will depend mostly on policy decisions taken in the U.S. and Europe. The firm is of the view that a 'no change' decision by the European Central Bank will arguably add to the current risk-off move. (Nov 1, 2011) Full Article Currency Alerts Australian Dollar Falls After RBA Lowers Key Policy Rate In Asian trading on Tuesday, the Australian dollar weakened against other major currencies after the Reserve Bank of Australia lowered its benchmark interest rate for the first time since April 2009, saying that growth will moderate and inflation will be close to the bank's target in the coming months. (Nov 1, 2011) Full Article Safe-haven Dollar And Yen Rise On Increasing Risk-aversion The US dollar and the Japanese yen strengthened against their major opponents on Tuesday as worsening global economic outlook prompted traders to seek safe-haven currencies. (Nov 1, 2011) Full Article Euro Slides Against Most Majors On Renewed Eurozone Worries The euro declined against its most major counterparts in early European deals on Tuesday as fresh concerns about the euro-zone debt crisis resurfaced ahead of the Group of 20 leaders meeting in Cannes later this week. (Nov 1, 2011) Full Article Pound Falls Further Against Dollar And Yen Despite Upbeat U.K. Q3 GDP The pound has been extending its slide against the dollar and the yen in the European session on Tuesday despite an upbeat third quarter U.K. GDP report released at 5:30 am ET. (Nov 1, 2011) Full Article Dollar In Comeback Mode Versus Euro As Greek PM Floats Referendum On Bailout The dollar extended its gains from the previous session versus the euro Tuesday morning, as global stocks continued to sell off amid lingering concerns about Europe's sovereign debt situation. (Nov 1, 2011) Full Article General News China Launches Shenzhou Craft For Space Docking Taking a giant leap in its space program, China on Tuesday launched Shenzhou-8 unmanned spacecraft for rendezvous and docking with the space lab Tiangong-1 launched a month ago. (Nov 1, 2011) Full Article E.Coli Outbreak In St. Louis Under Investigation The outbreak of Escherichia coli illnesses that was earlier reported in St. Louis, Missouri area last week continues to be investigated by Missouri Department of Health and Senior Services. (Nov 1, 2011) Full Article Nearly Half Of China's Millionaires Want To Emigrate A recent survey on Chinese millionaires shows that nearly half of them consider emigrating abroad and 14 percent have already emigrated or applied for leaving the country. (Nov 1, 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