Forex Market Update

Forex Market Update Friday, November 4, 2011, 09:13 Contents Economic News Forex Top Story Commodities Political News Analyst Currency Comments Currency Alerts General News Economic News U.S. Online Job Demand Rises In October Online job demand in the U.S. rose notably in October compared to a month earlier, Monster Worldwide, Inc. said Friday. (Nov 4, 2011) Full Article Malaysian Sept. Export Growth Tops Expectations Malaysian exports grew at a faster than expected pace in September, data from the Ministry of International Trade and Industry showed Friday. (Nov 4, 2011) Full Article Eurozone Private Sector Shrinks More Than Expected Eurozone's private sector contracted more than initially estimated for October on sharp deceleration in output and new orders, final data from Markit Economics showed Friday. (Nov 4, 2011) Full Article Eurozone Oct. Producer Price Inflation Remains Stable Producer price inflation in the euro area remained unchanged in September, in line with economists' expectations, as an acceleration in energy prices was largely offset by a slowdown in intermediate prices. (Nov 4, 2011) Full Article Forex Top Story RBA Cuts GDP, Inflation Forecasts Amid European Crisis The Reserve Bank of Australia, or RBA, on Friday reduced its forecasts for economic growth and inflation, reflecting recent developments in both the domestic and global economies. (Nov 4, 2011) Full Article German Factory Orders Plunge In September German factory orders declined unexpectedly in September due to a sharp drop in demand from the euro area, data from the Federal Ministry of Economy and Technology showed Friday. (Nov 4, 2011) Full Article Commodities Gold Edges Down Amid Mixed Dollar The price of gold was easing from its one-month high Friday morning as the U.S. dollar was mixed ahead of October jobs data. (Nov 4, 2011) Full Article Crude Steady Near 3-month High The price of crude oil was firm Friday morning as traders await cues from the non-farm payroll report from the U.S. Labor Department, due out later today. (Nov 4, 2011) Full Article Political News US Applauds Pakistan For Granting MFN Status To India The United States has applauded Pakistani Cabinet's decision to grant Most Favored Nation (MFN) status to India. (Nov 4, 2011) Full Article Ireland To Close Embassies In Vatican, Iran, East Timor The Irish Republic on Friday announced plans to shut down its Embassies in the Vatican and Iran, as well as its representative office in Timor Leste (formerly East Timor) as part of efforts aimed at cutting costs in the wake of the current financial situation. (Nov 4, 2011) Full Article Japanese Govt. Approves $11.5 Billion Bailout Plan For TEPCO The Japanese government has approved a 900-billion yen ($11.53 billion) bailout plan for the operator of Japan's quake-wrecked nuclear power plant. (Nov 4, 2011) Full Article US Issues Travel Alert Ahead Of DR Congo Elections The U.S. State Department has issued a travel alert to U.S. citizens regarding the potential for unrest or disruptions surrounding the November 28 presidential and parliamentary elections in the Democratic Republic of the Congo (DRC). (Nov 4, 2011) Full Article Analyst Currency Comments Positioning Remains Light Ahead Of Risk Events – Westpac Analysts at Westpac noted on Friday that currency positioning remains quite light ahead of key risk events such as the U.S. non-farm payrolls data for October, the conclusion of the G20 summit in Cannes and a confidence vote faced by the Greek Prime Minister. The firm is of the view that risks for USD/Asia are inclined to the upside if non-farm payrolls disappoints, although the recent run of US data has been better than expected. (Nov 4, 2011) Full Article Currency Alerts Australian Dollar Off Multi-day Highs Against Yen And Canadian Dollar The Australian dollar pulled back from its early Friday Asian session's multi-day highs against the yen and Canadian dollar after the Reserve Bank of Australia lowered its GDP and inflation forecasts amid concerns about a possible spillover from the European crisis. (Nov 4, 2011) Full Article Swiss Franc Weakens Against Majors The Swiss franc declined against its major counterparts in early European deals on Friday as traders await U.S. jobs data, G20 summit and the Greek parliament confidence vote. (Nov 4, 2011) Full Article Dollar Mixed Ahead Of U.S. Jobs Report, Papandreou Vote The dollar was narrowly mixed against major rivals on Friday, ahead of the government's crucial U.S. non-farm payrolls report. (Nov 4, 2011) Full Article Loonie Slides As Canada's Unemployment Rises More Than Forecast The Canadian dollar edged sharply lower in early deals on Friday following a report showed that Canada's unemployment rose unexpectedly in the month of October mainly due to layoffs in manufacturing and construction sector. (Nov 4, 2011) Full Article General News London-Bound Qantas Flight Diverted To Dubai After Engine Shutdown A Qantas flight from Singapore to London has made a safe landing in Dubai after being diverted there because of problems in one of its engines, the Australian airline confirmed on Friday. (Nov 4, 2011) Full Article Pirates Seize Oil Tanker Off Nigeria Coast Pirates have seized an oil tanker along with its crew-members off the coast of Nigeria's southern delta, media reports quoting security officials said on Friday. (Nov 4, 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