Instant Forex Trading

Welcome Guest ( Log In | Register )

137 Pages V  « < 3 4 5 6 7 > »   
Reply to this topic   Start new topic
Forex news by InstaForex, Market reviews and analysis
 Topic Options
forex moster
post Nov 11 2009, 07:34 PM
Post #81
Newbie
*

Group: Members
Posts: 3
Joined: 11-November 09
Member No.: 346

Thank you Darika!
Go to the top of the page
 
+Quote Post
 
<a href="http://www.mt5.com/">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
 
IFX Darika
post Nov 12 2009, 11:56 AM
Post #82
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

You are welcome. Hope, our news help you to make right decision in your trades.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
dorin
post Nov 13 2009, 05:29 PM
Post #83
Member
**

Group: Members
Posts: 27
Joined: 10-June 09
Member No.: 13

darika, you now read news in the television.. i saw in youtube http://www.youtube.com/user/instafx tongue.gif congrats from me!
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Nov 13 2009, 06:00 PM
Post #84
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

European Economics Preview: Eurozone Economy Forecast To Exit Recession.
Quarterly national account data from Germany, France and the Eurozone are due on Friday, headlining a hectic day for European economic news.

At 2:00 am ET, Germany's Federal Statistical Office is set to release third quarter GDP data. On a sequential basis, the economy is forecast to expand 0.8% in the third quarter, compared to the 0.3% growth in the previous quarter. The gross domestic product is expected to contract 4.8% on an annual basis, slower than the 5.9% decrease reported in the last quarter.

In the meantime, the GDP indicator for the month of September is due from Statistics Finland. In August, the GDP indicator had contracted 8.4% on a yearly basis. The statistical office is also slated to release consumer price data for October at the same time. Economists expect consumer prices to fall 0.8% year-on-year, following the 1% decrease in September. Manufacturing new orders data for September is also due at the same time.

At 2:45 am ET, consumer price figures are due from the French statistical office INSEE. The consumer price index is forecast to fall 0.2% annually in October, slower than the 0.4% decline in the previous month. The monthly inflation rate is seen at 0.1%. EU harmonized consumer prices are expected to fall 0.2% on a yearly basis but to rise 0.1% month-on-month in October.

Also due at the same time, is wage growth data from France. The wage growth rate is seen at 0.5% sequentially in the third quarter, after the 0.4% increase in the preceding quarter.

At 2:50 am ET, the French quarterly national accounts report is due. The French economy is tipped to expand 0.6% sequentially in the third quarter, faster than the 0.3% growth in the second quarter. On a yearly basis, the GDP is expected to shrink 1.9% following the 2.8% contraction in the last quarter.

At 3:00 am ET, third quarter's GDP results are due from the Czech Statistical Office. Economists expect the Czech economy to contract 4.7% annually, slower than the 5.5% decrease in the previous quarter. Retail sales figures for September are also due at the same time from the statistical office. Year-on-year, sales are expected to plunge 6%, faster than the 3.5% drop in the previous month.

Simultaneously, consumer price inflation figures are due from Spain's National Institute of Statistics. Economists expect the CPI to fall 0.6% year-on-year in October, compared to September's 1% fall. On a monthly basis, consumer prices are expected to rise 0.7%. Harmonized consumer prices, meanwhile, are forecast to remain unchanged from preliminary estimates at 0.6% annual decline.

Elsewhere, the Hungarian Central Statistical Office is scheduled to issue GDP data for the third quarter. The Hungarian economy is forecast to contract 6.6% annually, after the 7.5% shrinkage in the previous quarter. Also due at the same time from the statistical office, is final industrial production data for September.

Shortly later at 3:15 am ET, Switzerland's Federal Statistical Office is slated to release producer and import price data for October. Producer and import prices are tipped to fall 4.1% year-on-year in October, slower than the 4.9% decrease in the preceding month. The monthly producer and import price inflation rate is seen at 0.1%.

At 3:30 am ET, third quarter GDP results are due from the Netherlands' Central Bureau of Statistics. The Dutch economy is tipped to exit recession by expanding 0.3% sequentially in the third quarter, compared to the 1.1% decrease in the previous month. Year-on-year, the economy is expected to shrink 4.5%. Also due at the same time from the statistical office, are retail sales and trade balance statistics for September.

Meanwhile, the Statistics Sweden is scheduled to issue the third quarter industry capacity rate. The capacity utilization rate stood at 77% in the second quarter.

Half an hour later, gross domestic product data is due from the Italian statistical office ISTAT. The Italian economy is tipped to expand 0.8% sequentially in the third quarter, following the 0.5% decrease in the previous quarter. On a year-over-year basis, the GDP is expected to contract 4.5%, slower than the 6% fall in the second quarter. The Statistics Austria is also expected to release third quarter GDP results at the same time.

At 5:00 am ET, the Eurozone's third quarter GDP figures are due. The Eurozone economy is widely expected to exit recession and is forecast to expand 0.5% sequentially in the third quarter, rebounding from the 0.2% shrinkage in the last quarter. On a yearly basis, the GDP is expected to fall 3.9%, following the 4.8% drop in the second quarter.

Afterwards at 8:00 am ET, consumer price inflation figures are due from the Polish statistical office. The consumer price inflation rate is expected to ease to 3.2% year-on-year in October from 3.4% in September. Simultaneously, money supply data for October is due from the Polish central bank. Month-on-month, M3 money supply is forecast to grow 1.1%, compared to the 0.9% increase in the previous month.

News are provided by InstaForex.




Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
yoshi
post Nov 16 2009, 06:53 PM
Post #85
Member
**

Group: Members
Posts: 23
Joined: 2-July 09
Member No.: 57

interesting review as always. keep on, Ms. Tatyana wink.gif
by the way, why don't you take part in miss instaforex asia contest? you would shoot down all girls with your beauty biggrin.gif
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Nov 27 2009, 06:41 PM
Post #86
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Japanese Yen Slides Against Majors
Retracing its Asian session rally, the Japanese yen edged down across the board on Friday morning in New York.
The yen drifted lower to 87.0 versus the greenback around 10:00 am ET from its Asian session's fresh 14-year high of 84.84.
Against its European major rivals, the yen pulled back from its Asian session's multi-month highs in early New York deals.
The yen slipped to 143.24 against the pound, 86.22 versus the Swiss franc and 129.96 against the euro around 10:10 am ET from Asian session's lows of 139.37, 84.3 and 126.92, respectively.
The Japanese unit also retreated from its early Asian session's multi-month highs against the commodity-linked currencies.
The domestic currency declined to 81.7 against the Canadian dollar, 61.95 versus the New Zealand dollar and 78.96 against the Australian dollar around 10:00 am ET from its Asian session highs of 79.96, 59.96 and 76.61, respectively.

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Nov 27 2009, 06:42 PM
Post #87
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

QUOTE (yoshi @ Nov 16 2009, 08:53 PM) *
interesting review as always. keep on, Ms. Tatyana wink.gif
by the way, why don't you take part in miss instaforex asia contest? you would shoot down all girls with your beauty biggrin.gif

Thank you. As InstaForex employee I am not able to participate in the contest.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Nov 27 2009, 07:14 PM
Post #88
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

Japanese Consumer Prices Fall Further, Unemployment Drops Unexpectedly

Consumer prices in Japan continued to fall at a rapid pace in October, official data showed on Friday, giving credence to the deflationary concerns of the government. However, a surprise decline in unemployment, along with household spending data put more of a positive, yet momentary, spin on things for the beleaguered economy.

Core consumer prices, which exclude fresh food from the price basket, dropped 2.2% in October from a year earlier, but slower than a 2.3% fall in the previous month, the Ministry of Internal Affairs and Communication reported. Economists had expected a 2.4% decline. General consumer prices dropped 2.5% year-on-year in October, after a 2.2% fall in prices in each of the three preceding months.

On November 20, the Cabinet Office declared that the economy is in deflation, the first official announcement of deflation since mid-2006. In its monthly economic report for November, the government said, "Recent price developments show that the Japanese economy is in a mild deflationary phase." The report said the economy is picking up, but faces difficult situation such as a high unemployment rate.

Last week, the Organisation for Economic Co-operation and Development warned against lingering deflation in the economy and said an increase in the central bank's bond purchases would help in battling deflation. According to the Bank of Japan's forecast in October, the CPI excluding fresh food, would fall 1.5% in fiscal 2009 and would drop 0.8% in fiscal 2010 and a 0.4% decline in fiscal 2011.

On a monthly basis, overall consumer prices dropped 0.4%, and excluding fresh food, prices fell 0.1%.

BNP Paribas economist Azusa Kato said that the slowing in the rate of decline in the core CPI was simply the result of a 'technical error', namely the waning base effect from surging petroleum product prices through August of last year. Excluding this, price deflation actually broadened in October, he pointed out.

Meanwhile, the CPI in the Tokyo area dropped 2.2% on year in November and fell 0.2% on a monthly basis. The core CPI fell 1.9% on a yearly basis, but slower than a 2.3% decline anticipated by economists. Month-on-month, core consumer prices were down 0.1%.

"Despite the economic recovery that has been driven by fiscal stimulus and rising exports to emerging economies, downward pressures on prices have hardly abated and the supply-demand gap remains quite large," Kato said. Even after the disappearance of techinical factors around February, BNP Paribas expects that a minus inflation rate of more than -1% should take root for a while, as deflationary expectations are taking hold at the consumer and corporate level.

On a more encouraging note for the economy, unemployment levels continued to fall against expectations. The unemployment rate stood at a seasonally adjusted 5.1% in October, down from 5.3% in the previous month, the Ministry of Internal Affairs & Communications reported. Economists had expected the unemployment rate to rise to 5.4%. The jobless rate declined for the third consecutive month.

The total number of unemployed persons declined to 3.36 million from 3.52 million. At the same time, the number of employed persons decreased to 62.44 million from 62.64 million in the prior month, while total labor force strength slid to 65.82 million from 66.19 million.

In other news, real household spending in Japan grew 1.6% year-on-year in October following the 1% increase in the previous month. Economists had expected real household spending to rise 0.7%.

Household spending excluding that on housing, purchase of vehicles, money gifts and remittance climbed 0.7%. Spending on medical care surged 11.4% annually in October, while spending on transportation & communication rose 4.7%. On the other hand, household spending on education declined 4.6%.

Spending among workers' households increased 0.6% from the previous year, the same rate of growth as in the preceding month. In nominal terms, total household spending dropped 1.3%.

Retail sales figures for October were also released on Friday, with sales falling 0.9% year-on-year to JPY 10.83 trillion in October, slower than the 1.3% decline in the preceding month. Economists had expected sales to drop 1.6%. This marks the fourteenth straight month in which retail sales have fallen on an annual basis.

"The outlook for consumption is not bright," BNP Paribas economist Hiroshi Shiraishi said. "Employee income, the key to consumption, is unlikely to improve anytime soon as businesses continue to cut costs in order to cope with chronically low operating rates." BNP Paribas expects GDP-based consumption, which increased at a solid pace in the second and third quarters to start to lose momentum from the final quarter of the year.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 4 2009, 03:10 PM
Post #89
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Dollar Rebounds On Strong Jobs Report
With the latest monthly jobs report from the US government suggesting the labor market is on the mend, the dollar remained surged the euro but remained mixed against other major currencies Friday morning.

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007. Economists expected job losses to slow down notably to a 125,000 rate.

The brighter jobs picture may put pressure on the Federal Reserve to articulate an exit strategy from measures designed to stimulate the economy.

The dollar held rose to 1.4960 versus the euro, moving away from its 16-month low of 1.5143 set in November.

Meanwhile, the buck pared its early losses versus the sterling, improving to 1.6570.

Against the yen, the buck skyrocketed to 89.80, extending a move away from last week's 1995 low of 84.80.

North of the border, official data showed that Canadian employment rose by 79,000 in November, bringing the unemployment rate down 0.1 percentage points to 8.5%. The dollar dropped to C$1.0460 from an overnight high near C$1.0600.

Looking at the US economic calendar, the Commerce Department's report on factory orders and comments from Federal Reserve officials Charles Plosser and James Bullard may also impact trading in the aftermath of the jobs data.

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Dec 4 2009, 05:39 PM
Post #90
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

Philippine Consumer Prices Continue To Rise In November

Philippines' consumer price inflation picked up in November driven by higher food, beverage and tobacco prices, official data showed on Friday.

The National Statistics Office said that consumer prices in the Philippines grew 2.8% year-on-year in November, faster than the 1.6% rise in the previous month. The headline inflation rate came in line with economists' expectations. Excluding selected food and energy items, the core inflation rate remained unchanged from October at 2.7%.

The latest increase in consumer prices was attributed to an acceleration in the inflation rate of the heavily weighted food, beverages & tobacco index, up 4.8% in November compared to the 3.7% increase in October. Prices of clothing increased 2.1%, while services prices and prices of miscellaneous items increased 0.2% and 1.9%, respectively. On the other hand, the fuel, light & water index slid 1.1%, slower than the 3.6% fall in the preceding month.

The annual inflation rate in the National Capital Region (NCR) grew 2% in November, adding to the 1.1% increase in October. This was brought about by the higher prices of clothing and slower rate of decline in the prices of fuel, light & water and services, the statistical office said.

In Areas Outside the National Capital Region (AONCR), consumer prices were up 3.1% on year, faster than the 1.9% increase in the prior month. This was mainly due to increases in the food, beverages & tobacco index, fuel, light & water index, and services index. Among the regions, annual inflation rate was highest in Cagayan Valley at 5.6%, while the lowest rate continued to prevail in Central Visayas at 1.7%.

On a monthly basis, consumer prices increased 0.6% on a national level in November, in line with expectations, and adding to the 0.6% growth in October.

The Philippine economy consolidated growth in the third quarter, rising 0.8% year-on-year, the same growth rate as in the second quarter. This compares to the 4.6% growth seen in the third quarter of last year.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 8 2009, 05:30 PM
Post #91
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Moody's Says U.S. And U.K. May Test Boundaries Of Triple-A Credit Ratings
Moody's Investors Service released a report Tuesday suggesting that the U.S. and the U.K. may test the boundaries of their Triple-A credit ratings.

According to the report, the U.S. and the U.K. may test the boundaries because their public finances have been worsening in the wake of the global crisis.

Among the challenges that will be faced by the U.S. and the U.K., the report said, will be "the pace and sustainability of economic growth and future interest rate trends, both of which affect the countries' ability to manage the significant debt burdens they have assumed as a result of the crisis."

Still, the report did note that the agency "does not see an immediate threat to the ratings of any of the 17 nations it currently rates Aaa."

"The next year or two will show whether growth potential has been structurally eroded or whether a robust yet sustainable recovery is possible," said Pierre Cailleteau, the Managing Director of Moody's Sovereign Risk group and lead author of the report. He added, "Next year, Aaa governments with stretched balance sheets will find themselves under pressure to announce credible fiscal plans and - if markets start losing patience - to start implementing them. This will complicate the recovery and test political cohesion."

The report showed that three of the four largest Aaa-rated countries covered in the report - the U.S., Germany and France - showed third quarter growth, while the fourth - the U.K. - showed a decline in growth.

In addition, the report said that, despite some struggles, the 17 Aaa-rated countries retain the characteristics necessary for a Aaa-rating.

Both the U.S. and the U.K. have "resilient" Aaa ratings as opposed to the stronger "resistant" ratings given to other countries like Germany, France, Canada, Switzerland, Luxembourg and New Zealand.

Despite being given weaker ratings, however, the U.S. and the U.K. have "adequate reaction capacity" to face the upcoming challenges, the report added.

Of the U.S. and the U.K., Cailleteau said, "While resistant, they are clearly not immune. Debt may increase, but not to the extent of stretching affordability beyond a level consistent with a Aaa status."

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 9 2009, 10:46 AM
Post #92
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Canadian Dollar Advances Against US Dollar
The Canadian dollar advanced against the US dollar during Wednesday's early trading as oil climbed above $73 today, buoyed by industry data that showed a big drop in U.S. crude stocks.

Saudi Oil Minister Ali al-Naimi's comment also contributed to the positive mood. The minister assured that Gulf economies are strong despite anxieties over financial strains in the region, which helped easing fears about Dubai's debt problems. Against other currencies, the Canadian currency declined during this time period.

The American Petroleum Institute reported that crude inventories in U.S. fell 5.8 million barrels last week.

U.S. crude for January delivery rose 64 cents to $73.26 a barrel by 1:11 am ET, after falling $1.31 on Tuesday. NYMEX crude, which hit its lowest level since late November at $72.43 the previous session, has lost 7.3 percent since prices last rose on December 1. London Brent crude gained 47 cents to $75.66.

At 10:30 am ET today, the Energy Information Administration is scheduled to release its weekly petroleum inventory report for the week ended December 4th.

The loonie edged up against the US dollar during Wednesday's early trading. The Canadian currency hit as high as 1.0602 against the dollar, with 1.043 seen as the next upside target level. The dollar-loonie pair closed yesterday's deals at 1.0640.

From U.S., the Commerce Department is due to release its wholesale inventories report at 10 am ET. Economists expect wholesale inventories at the end of November to show a 0.5% decline.

The Canadian dollar weakened against the currencies of Japan and Australia during today's early trading. The loonie that was worth 0.9617 against the Aussie and 83.17 against the Japanese unit at Tuesday's New York session close, fell to 0.9643 and an 8-day low of 82.35 by 3:55 am ET. If the Canadian currency drops further, 81.27 is seen as the next support level against the yen and 0.978 level against the Aussie.

A government report showed that Japan's gross domestic product expanded by just 0.3 percent in the third quarter of 2009 compared to the previous three months. That was well below analyst expectations for a 0.7 percent quarterly increase following the 1.2 percent expansion in last month's preliminary report.

On an annual basis, GDP was up 1.3 percent - again missing expectations for a 2.8 percent increase after the preliminary report showed a 4.8 percent jump.

The Canadian dollar that largely showed choppy trading against the euro during Wednesday's Asian trading, edged down during early European trading. The local dollar touched a 2-day low of 1.5677 versus the euro, compared to 1.5644 hit late Tuesday in New York. On the downside, 1.593 is seen as the next support level.

Yesterday, the Bank of Canada maintained its key interest rate at a record low of 0.25 percent and reiterated that it expects to leave the rate at its current level until the end of the second quarter of 2010.

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Dec 9 2009, 06:02 PM
Post #93
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

Hungarian Forint Plummets To 5-week Low Against US Dollar
The Hungarian forint reached a 5-week low of 188.24 against the US dollar by 9:40 am ET Wednesday, compared to 186.31 hit late New York Tuesday. The dollar-forint pair is presently worth 188.0 with 192.3 seen as the next target level.

The forint declined as the Hungarian GDP dropped a seasonally adjusted 1.8% sequentially in the third quarter, confirming the preliminary report. In the second quarter, the GDP was down 1.9%.

Year-on-year, the GDP fell 7.1% in the third quarter, compared to the 7.4% decline in the previous quarter. The third quarter GDP was revised from 7.2% decline reported initially.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Dec 11 2009, 03:22 PM
Post #94
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

November Retail Sales Show Much Stronger Than Expected Growth
Retail sales increased by much more than expected in the month of November, according to a report released by the Commerce Department on Friday, with the report likely to ease some of the recent concerns about the outlook for holiday shopping.

The report showed that retail sales jumped by 1.3 percent in November following a revised 1.1 percent increase in October. Economists had been expecting sales to increase by a more modest 0.6 percent compared to the 1.4 percent growth originally reported for the previous month.

With the stronger than expected monthly sales growth, retail sales for November were up by 1.9 percent compared to the same month a year ago.

Excluding a 1.6 percent increase in sales by motor vehicle and parts dealers, retail sales still rose 1.2 percent in November after coming in unchanged in the previous month. The increase in ex-auto sales far exceeded economist estimates of 0.4 percent growth.

While the increase in ex-auto sales was partly due to a 6.0 percent jump in sales by gas stations, sales still increased by 0.6 percent excluding both auto and gasoline sales.

The sales growth was broad based, with only clothing and accessories stores and furniture and home furnishings stores reporting lower sales.

Electronics and appliance stores reported a notable 2.8 percent increase in sales, while building material and supplies dealers and online retailers also reported strong sales growth.

Commenting on the data, Lindsey Piegza, an economist at FTN Financial, said, "The American consumer is incredibly resilient. Despite labor market woes, the consumer was able to make a considerable move back into the market place."

"This holiday shopping season could make for a Merry Christmas after all," Piegza added.

At the same time, Peter Boockvar, equity strategist for Miller Tabak, noted that the Commerce Department report includes just 25 percent of hard data with the rest estimated, adding that we still have the key month of December to determine overall holiday sales.

In other economic news, the Labor Department revealed that import prices rose 1.7 percent in November, largely due to a spike in fuel prices. November's increase came after a 0.8 percent increase in October and a 0.2 percent advance in September.

Excluding a 7.3 percent increase in prices for fuel imports, import prices increased by a much more modest 0.4 percent in November, matching the increase seen in the previous month.

The report also showed that export prices increased by 0.8 percent in November after rising by 0.2 percent in October. Excluding a 3.7 percent increase in prices of agricultural exports, export prices still rose by 0.7 percent.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 14 2009, 04:50 PM
Post #95
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

UK Employment Situation Better Than Forecast: BoE
UK employment has not dropped as much as forecast despite the severe recession in the economy, the Bank of England said on Monday.

In the foreword to the central bank's latest Quarterly Bulletin, Bank of England chief economist Spencer Dale said, "A marked feature of the response of our economy to the current recession is that employment to date has not fallen by as much as we might have feared given the falls in output."

Dale noted that the development may partly reflect the greater degree of wage flexibility that has been apparent in this recession compared to that in earlier downturns. "A substantial element of the workforce appears to have been able to protect their jobs by accepting slower wage growth." Further, average pay settlements fell sharply over the past year and many companies have imposed pay freezes.

Citing an annual survey of households' financial situation carried out for the central bank by NMG Financial Services Consulting, Dale said a net balance of households had experienced a decline in the income they had available after paying tax, housing costs, bills and loan payments. "However, despite the severe recession, the proportion of households who reported difficulties keeping up with bills and credit commitments had fallen slightly compared to last year's survey." This was partly due to the effects of the reduction in interest rates on borrowers' loan repayments.

More than half of all mortgagors in the survey reported a fall in their monthly mortgage payments, he noted. Further, nearly a quarter of respondents reported that they had increased or planned to increase the amount of money they save.

The rise in sterling export prices will create an incentive for rebalancing within the UK economy and resources may be reallocated towards the traded sector, Dale said. "Over time, UK export prices are likely to decline, as export contracts are renewed and new firms are attracted into the UK export sector, causing the UK terms of trade to decline."

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Dec 15 2009, 07:34 PM
Post #96
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

European Currency Plunges To 2 1/2- Month Low Against US Dollar

During early deals on Tuesday, the European currency plunged to a 2 1/2-month low against the US dollar and traded near a 1-month low versus the British pound ahead of the German and Euro-Zone ZEW economic sentiment survey results.

At 5:00 am ET, the Centre for European Economic Research or ZEW is expected to release economic sentiment survey results for Germany. The economic sentiment indicator for Germany is seen at 50 in December, down from 51.1 in the previous month. The current conditions index is expected to rise to minus 60.1 from minus 65.6. Meanwhile, the economic sentiment indicator for the Eurozone is seen at 49.9 in December compared to 51.8 in November.

While, the euro pared its Asian session's gains against the Japanese yen it edged higher against the Swiss franc.

Against the US dollar, the European currency traded down during early deals on Tuesday. At 4:25 am ET, the euro-dollar pair declined to 1.4548, compared to 1.4658 hit late New York Monday. This set the lowest mark for the pair since October 2, 2009. The next downside target level for the pair is seen around 1.437.

The 16-nation currency that closed Monday's North American session at 0.8988 against the British pound plunged to a 26-day low of 0.8946 at 3:50 am ET Tuesday. If the euro-pound pair falls further, 0.889 is seen as the next target level.

House prices in the United Kingdom rose for the fourth straight month in November, a barometer of sentiment in the residential property market showed today.

The house price balance index from the Royal Institution of Chartered Surveyors (RICS) increased to 35 points in November from 34 points in October. Economists had expected a reading of 39 points. The survey subtracts the percentage of surveyors reporting falling prices from those reporting rising prices.

Against the Swiss franc, the single currency edged higher during Tuesday's early deals. At 1:30 am ET, the euro-franc pair reached a high of 1.5135, compared to Monday's closing value of 1.5123. On the upside, 1.515 is seen as the next target level for the pair.

Switzerland's State Secretariat for Economic Affairs announced today its latest economic forecasts. Experts now see a 1.6% decline in gross domestic product this year, slightly less than the 1.7% fall forecast in September. Meanwhile, the growth forecast for 2010 was hiked to 0.7% from 0.4%. The Swiss economy, which emerged from recession in the third quarter, is expected to grow 2% in 2011.

The euro lost ground after hitting a high of 130.41 against the yen at 12:00 am ET Tuesday. Currently, the euro-yen pair is trading at 129.86 with 129.1 seen as the next target level. The pair closed Monday's New York deals at 129.92.

Across the Atlantic, the U.S. PPI and industrial production reports for November, NAHB housing market index and the results of the New York Federal Reserve's empire state manufacturing survey for December and the Treasury Department's report on the flows of financial instruments into and out of the U.S. for October have been slated for release.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 16 2009, 02:42 PM
Post #97
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Dollar Eases Versus Euro, Sterling Ahead Of Fed Rate Call
The dollar tailed off versus other majors Wednesday morning in New York as traders braced for the latest interest rate decision from the Federal Reserve.

While the Fed is universally expected to hold its key rate near zero to avoid snuffing out the fragile economic expansion witnessed in the past quarter, all eyes will be on its accompanying statement for hints about when an exit strategy may be implemented.

The Fed will likely suggest that US economic recovery is picking up steam it, but that it plans to maintain its record low benchmark rate near zero for "an extended period."

The dollar fell sharply versus the sterling in early dealing, losing more than a penny to 1.6350. The pair has been in flux for the past few months, moving in a range between 1.6000 and 1.7000 for most of that time.

The dollar eased slightly versus the euro, sliding to 1.4570 from a 2-month high near 1.4500. Three weeks ago, the dollar hit a 16-month low of 1.5140, but has since been firming up on concerns about the health of the euro area economy and the fiscal stability of some member nations.

Eurozone's manufacturing purchasing managers' index climbed to a 21-month high in December, the latest survey from Markit Economics showed on Wednesday.

Meanwhile, the dollar barely budged versus the yen, holding just below the 90 mark. Against the loonie, the buck stayed near C$1.0600.

The Fed's rate call will likely overshadow a trio of important data points. The Labor Department will release the consumer price index details for November at 8.30 a.m ET. Economists expect that the headline consumer price index to rise 0.4% for the month and core CPI to be higher by 0.1% for the month.

Traders will also focus on a report on housing starts and building permits for November, slated for release by the Commerce Department at 8.30 a.m. ET. Economists estimate housing starts of 574,000 for November, after reporting 529,000 in the previous month.

The weekly energy inventory report for the week ended December 11 is slated for release by the Energy Information Administration at 10.30 a.m. ET.

News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Tatyana
post Dec 17 2009, 10:56 AM
Post #98
InstaForex Representative
***

Group: Representative
Posts: 101
Joined: 9-June 09
From: Kaliningrad, Russia
Member No.: 8

Pound Spikes Down Against Majors.
The British pound staged a sharp fall against its major counterparts at 2:00 am ET Thursday. The pound-dollar pair thus declined to a 2-day low of 1.6217, compared to 1.6336 hit late New York Wednesday. The next downside target level for the pair is seen around 1.621.

Meanwhile, the British currency is currently trading at 0.8885 against the euro and 1.6971 versus the franc, compared to today's early Asian session's new multi-week highs of 0.8854 and 1.7030 respectively. This may be compared to yesterday's closing values of 0.8898 against the European currency and 1.6970 versus the Swiss franc.

Against the Japanese yen, the pound is now quoted at 145.86, compared to Wednesday's closing value of 146.67.


News are provided by InstaForex.



Regards, news editor Tatyana Tokarchuk


__________________________________________
Official Website | Forex News | Forex Analysis
Go to the top of the page
 
+Quote Post
 
IFX Darika
post Dec 18 2009, 01:09 PM
Post #99
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

German Ifo Business Confidence Improves
Latest Ifo survey results showed on Friday that German business confidence continued to improve in December.

Business confidence improved further to 94.7 in December, the Munich-based Ifo Institute for Economic Research said. The index stood above prior month's 93.9 and the expected 94.5.

The current conditions index stood at 90.5, up from 89.1 in the previous month. Consensus forecast was for a reading of 90. Meanwhile, expectations rose to 99.1 in December from 98.9. Economists were looking for a reading of 99.

Economists' Reaction:

ING's Carsten Brzeski said though the real economy is still lagging but the three-month average of the Ifo predicts good news for industrial production in the months ahead. Going forward, the economist expects exports to remain the main growth driver and the economy to benefit when the full impact of the government's stimulus package unfolds next year. He is not ruling out a positive impact from consumer spending either.

"Of course, this will not be enough to undo the crisis immediately. Low capacity utilisation and increasing unemployment will remain a painful reminder of the severity of the crisis."

Capital Economics' Jennifer McKeown said the Ifo survey gave further evidence that the economy continues to recover, but the rate of improvement will be fairly gradual. The current conditions index, which is below its long-term average, confirmed that conditions are still thought to be considerably weaker than 'normal', the economist noted.

"Although sentiment is now rising far more modestly than during the summer, the index points to a further sharp slowdown in the annual rate of economic contraction."

"On the bright side, the further increase in sentiment in the manufacturing sector is an encouraging sign that Germany's exporters are bearing up well against the strong currency, although it remains at a low level."

Commerzbank's J?rg Kr?mer said the view that the strong growth in the second half of 2009 is unlikely to continue smoothly into 2010 as companies hardly revised up their expectations. However, the much more positive view on current business situation suggests that the German economy has grown nearly as sharply in the fourth quarter of 2009 as in the excellent third quarter.

"The strong fall in order intake in October was probably just a one-off."

Danske Bank's Frank ?land Hansen said the current level of Ifo expectations signals a strong rebound in industrial production. The improvement in retail is very comforting, the economist noted, as private consumption is expected to kick in as a more sustainable driver of growth.

"There is a risk of a double dip if consumption fails to pick up early next year. If other confidence indicators than ZEW begin to fall back there is reason to be worried."

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 
Forex Game
 
IFX Darika
post Dec 24 2009, 02:52 PM
Post #100
Member
**

Group: Members
Posts: 87
Joined: 9-June 09
Member No.: 7

Britons To Spend GBP1.37 Bln On Christmas Eve
Many of the UK consumers have left their Christmas shopping to the last minute rush, as up to 13.3 million people are likely to shop on Christmas Eve, a survey from Sainsbury's Credit Cards said on Thursday.

The survey showed that 19% of adults plan to do some of their shopping on Christmas Eve, spending around GBP 1.37 billion. This equals GBP 57 million an hour or GBP 951,000 per minute. Overall, around 7% of people's festive spending is set to take place on Christmas Eve. But, 1.53 million people intend to do between 91% and 100% of their festive shopping then.

Additionally, the survey found that around 2.1 million people intend to put half or more of their last-minute Christmas shopping on their credit cards. Nearly 18% of the last minute shopping, worth GBP246 million, is likely to be placed on credit cards.

News are provided by InstaForex.



Regards, news editor Darika Isakova


________________________________________
Official Website | More Forex News | Weblog
Go to the top of the page
 
+Quote Post
 

137 Pages V  « < 3 4 5 6 7 > » 
   Reply to this topic   Start new topic

        1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 19th February 2020 - 08:14 AM
Financial services provided by InstaForex Companies Group
© 2008-2020
   
InstaForexTM is a registered trademark of InstaForex Group