overnight news and headlines

FOREX News & Overnight Technical Levels - September 25th

Tuesday, 25 September 2007 11:24:19 GMT  |  John Kicklighter, Currency Analyst

Fundamental Headlines

• EURUSD - German Import Price Index reports 0.6 percent decline in year-over-year pressures, first decline since March of 2004. Taken with softening of PPI from last week, consumer index projections may be set too high.
• EURUSD - French consumer spending grew 1.0 percent over August and 3.6 percent through the year. The steady strength of the consumer was braced by wage and employment trends that have so far helped weathered a difficult month for the capital markets.
• EURUSD - German IFO survey reveals weaker than expected 104.2 reading versus 105.0 expected. This is the worst print since February of 2006. Current Conditions figure at 13-month low while outlook blurs with weakest projections in 22 months.
• USDCHF - UBS’s Private consumption indicator prints 7-month low 1.932 as Swiss consumers brace for backlash from credit market tumult. 
• Fukuda Wins Parliamentary Vote To Become Japan's Prime Minister- Wall Street Journal
• UK deposit protection scheme worth just 4.4 mln stg - report - Forbes
• Subprime Panic Freezes $40 Billion of Canadian Commercial Paper - Bloomberg
• US dollar dips vs euro, yen after IMF warning on subprime crisis - Forbes
• NYMEX crude falls for 3rd day towards $80/barrel - Reuters
• China Construction Bank up 32% in Shanghai debut - Marketwatch

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