- Overnight Interest Rate Update 03.18.10 Thu, 18 Mar 2010 10:37 GMT
- Overnight Interest Rate Update 03.19.10 Fri, 19 Mar 2010 05:01 GMT
top fx headlines
Article
Previous Articles
Print
- Mar, 18 Euro Tumbles amid Greece Concerns, U.K. Mortgage Approvals Disappoint
- Mar, 17 BoE Remains Cautious Despite Unexpected Improvement in Labor Market
- Mar, 16 European Investor Confidence Weakens for a Sixth Consecutive Month
- Mar, 15 Euro-Zone Employment Extends Five Month Decline, Swiss Producer & Import Prices Tumble in February
- Mar, 12 Candian Unemployment Unexpectedly Falls As Full-time Hires Soar
- Mar, 10 A Drop in German Exports Casts Doubt on Recovery
- Mar, 09 Declining U.K. Exports Threatens Recovery, Keeping BoE on Alert
- Mar, 08 German Industrial Production Disappoints, As Construction Suffers.
- Mar, 05 Rising UK Factory Gate Prices May Force BoE to End QE
- Mar, 04 BoE Remains on Hold, No Statement Leaves Markets Guessing
- Mar, 02 Euro-Zone Inflation Slows Allowing ECB To Remain On Hold
- Mar, 01 Drop in U.K. Mortgage Approvals Raises Outlook For More QE
- Feb, 26 Stronger Than Expected U.K. Growth Creates Difficult Decision For BoE
- Feb, 24 German Growth Flat as Strong Demand From Abroad Offsets Domestic Weakness
- Feb, 23 U.K. Mortgage Approvals Decline, Opening the Door For More QE
- Feb, 19 U.K. Retail Sales Weaken More Than Expected, Euro-Zone Manufacturing Strengtens in February
- Feb, 17 U.K. Jobless Claims At Highest Since April 1997, Euro-Zone Trade Surplus Widens in December
- Feb, 16 U.K. Inflation Rises to 14-Month High, German Investor Confidence Tumbles for 5th Month
- Feb, 12 Euro-Zone GDP Stalls As Industrial Production Falters
- Feb, 11 ECB Raises Forecasts For Growth and Inflation But Deem Rates Appropriate
The Canadian economy unexpectedly lost 2,600 jobs in December, versus forecast for a gain of 20,000. The manufacturing sector cut 9,700 employees offsetting a 9,200 gain from service providers.
Fundamental Headlines
• Big Deficits Cloud Britain's Future – Wall Street Journal
• Retailers Boost Forecasts – Wall Street Journal
• Japan goes into damage control on yen - Financial Times
• Bank of England May Make $96 Million on Corporate Bonds, Evolution Says – Bloomberg
• Stocks Rise Around World on Speculation U.S. Job Losses Ended; Metals Fall - Bloomberg
GBP/USD – U.K. factory gate prices jumped by 0.5% in December more than doubling forecasts for 0.2% as an improving economy is allowing producers to pass on costs to consumers. Prices were up 3.5% from a year ago which also surpassed estimates of 3.1%. Additionally, input costs rose by 6.9% from a year ago signaling that inflation may continue to rise. The BoE expects that price growth will accelerate by more than their 2% target at the beginning of 2010, but that existing slack and the end of government stimulus will drag prices lower. Therefore, they have left the door open for additional quantitative easing which they will reevaluate at their February policy meeting. To discuss this and other topics please visit the Pound Forum.
USD/CAD – The Canadian economy unexpectedly lost 2,600 jobs in December, versus forecast for a gain of 20,000. The manufacturing sector cut 9,700 employees offsetting a 9,200 gain from service providers. Despite the drop in hiring, the unemployment rate held at 8.5% as the labor force shrunk by 8,900. The little job growth that was attained was from a 15,200 surge in the self-employed which could be a sign that small businesses are starting to gain strength as credit markets loosen. The dour will only encourage the Bank of Canada to maintain their pledge to keep rates on hold until mid-2010. To discuss this and other ideas, please visit the Canadian dollar Forum.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
More Articles
- Euro Tumbles amid Greece Concerns, U.K. Mortgage Approvals Disappoint
- BoE Remains Cautious Despite Unexpected Improvement in Labor Market
- European Investor Confidence Weakens for a Sixth Consecutive Month
- Euro-Zone Employment Extends Five Month Decline, Swiss Producer & Import Prices Tumble in February
Resources
