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Latest News
Japan's consumer prices fall for the third month
The Japanese consumer prices index fell for the third consecutive month, where the nation’s exports weakened as a result for the ongoing yen’s appreciation that contributed in interrupting the nation’s economic rebound from March’s earthquake.
The Asian-session daily update
Starting with Australia, where the AUD/USD pair showed a slight fluctuation against the U.S. dollar and it’s currently declining trading around the level of 1.0593, after it recorded its highest price at 1.0378 and lowest at 1.0320.
Asian stocks mixed on Greek talks, BoJ’s possible intervention, US GDP
Asia stocks were mixed today, with the gains being led by the progress seen in the talks over the Greek debt swap and the possible intervention by BoJ to weaken the yen, meanwhile the cautiousness ahead of the US GDP data kept gains limited, with the MSCI Asia Pacific Index being little changed...
Unemployment rise to 22.9% in Spain
The Spanish economy is deteriorating more and more especially its labor sector which getting weak day by day, as the unemployment rose to the highest in 15 years to reach 22.9% in the fourth quarter which is a very high level, where the economy itself is expected to contract by 1.5% this year.
Euro area M3 money supply retreats
Euro area M3 money supply(3-month average) retreated to 2.1% in December compared with the prior 2.5% and median estimates of 2.3%. On the annual basis, the reading slipped to 1.6% from the previous 2.0% and forecasts of 2.1%.
Wall Street poised for advance as economy probably grew 3.0 percent in the fourth quarter
The U.S Department of Commerce will be capping a busy week for today with its advanced GDP estimate for 2011 fourth quarter. Projections suggest the economy expanded 3.0 percent in the fourth quarter, the best growth pace in almost two years, as manufacturers boosted inventories, employment picked up, while Americans took advantage of discounts during the holiday season of last year
Italy sells 11 billion euros of debt at lower yield
Before Monday's 5-year and 10-year notes selling and after the successful bond selling yesterday by the Italian government , it sold 8 billion euros of 182-day notes with an average yield of 1.969%, lower than the 3.251% recorded the previous auction in December, while demand retreated to 1.35 times from 1.69 times in the prior auction. The Treasury also auction 3 billion euros of 331-day bills at a yield of 2.214%, reaching the maximum selling of the auction of 11 billion euros.
James Murdoch steps down from GSK's board
James Murdoch has decided to step down from its position as a member in the board of directors of GlaxoSmithKline, Britain's biggest drug maker, Murdoch who faces an investigation on his role in the News of the World Tabloid, his family's newspaper business, where the company was hacking on phone calls.
U.S Economy Expanded 2.8 Percent Last Quarter
The U.S Commerce Department released the latest GDP estimate for the fourth quarter, showing the economy expanded 2.8 percent last quarter and missing media projections, after growing 1.8 percent according to the prior estimates. Economists projected the economy would expand 3.0 percent last quarter.
The superpower's fourth quarter annualized GDP came in slightly below projections…
Today the Bureau of Economic Analysis from the U.S. Commerce Department showed us that the country's annualized fourth quarter growth domestic product have actually expanded but less than forecasted with mainly the support of ongoing gains in consumer spending and overall strengthened business activities and investments to therefore support the current slowed down revival.
EU summit to discuss measures to enhnace growth, a draft obtained by Reuters says
A draft obtained by Reuters on Thursday showed that the EU summit on January 30 will discuss measures to enhance growth and competitiveness and alleviate joblessness in addition to combating the two-year old debt crisis.
Also, an approval on stricter budget rules by 26 out of the 27 member nations is predicted plus further details of the euro area's European Stability Mechanism (ESM).
The secrets behind Apple's profits
For some the pursuit of profits seems to have no limits, especially when there are no legislations that prevent abusive practices. This is how giant companies like Apple or Foxconn make profits, where employees live in crowded dorms and work a 24-hour shift...
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Technical analysis for the major cross currencies pairs , updated twice a day ahead of the European session and the U.S. session, and including weekly and monthly predictions, with charts and analysis, support and resistance tables, and recommendations for all time intervals.
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Technical analysis for gold and silver, updated twice a day ahead of the European session and the U.S. session, and including weekly and monthly predictions, with charts and analysis, support and resistance tables, and recommendations for all time intervals.
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Technical analysis for light sweet crude oil, updated twice a day ahead of the European session and the U.S. session, and including weekly and monthly predictions, with charts and analysis, support and resistance tables, and recommendations for all time intervals.
Abu Dhabi opens its own Louvre in 2015
Abu Dhabi revealed yesterday its intention to continue three major museum projects on Saadiyat Island which include the Louvre, the Zayed National Museum and Guggenheim...
New Zealand’s trade balance
New Zealand’s trade balance figures refers that it massively widened in December, where the trade-balance surplus widened to NZ$ 338 million, compared with the prior recorded deficit of NZ$ -308 million, also it exceeded expectations of a deficit of NZ$-50 million.
Optimism remains spotted throughout the currencies market…
So far throughout the U.S session today we still watch some sentiments of optimism throughout the currencies trading as yesterday's Federal Open Market Committee Policy makers decided to keep its Federal Fund target interest rates intact, as expected by the markets, at its historical low of 0.00 percent to 0.25 percent, and proclaimed the country's economic momentum during this past period was "expanding moderately" while extended its pledge to keep the rates exceptionally low through at least late 2014 to maintain a stronger economic growth.
The Japanese national CPI
The Japanese national annualized CPI for December rose to -0.2%, compared with the prior reading of -0.5%, yet it came in line with expectations of -0.2.
The Japanese retail trade
The Japanese annualized retail trade for December rose to 2.5%, compared with the prior reading of 2.3%, also it exceeded expectations of 2.1%.
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