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FOREX News & Overnight Technical Levels - September 27th

Thursday, 27 September 2007 11:20:11 GMT  |  John Kicklighter, Currency Analyst

Fundamental Headlines

• NZDUSD - A 5.8 percent rebound in building permits suggests that the housing market will continue to be a point of contention in policy making and could help keep the overnight lending rate at its highs.
• NZDUSD - The island nation’s Current account deficit’s ratio to growth figure unexpectedly fell from 8.5 percent in the first quarter to 8.2 percent on bouyant growth trends.
• NZDUSD - Despite an appreaciating kiwi and credit market problems, business confidence rises to -26.5 from -33.8.
• GBPUSD - Annual Nationwide house price index reading beats expectations with a 9.0 percent pace, but decelerates from previous months, following the overall trend across residential inflation gauges.
• EURUSD - German ILO jobless rate hits 15 year low 6.1% in August, while the FLO’s unemployment gauge unexpectedly drops to a 14-year low 8.8 percent on a sharp 50,000 person drop in unemployment claims.
• GBPUSD - CBI retail sales crosses the wires at +12, the lowest reading since last November.
• Australian Dollar Nears 18-Year High After Recovering Most of August Slide - Bloomberg
• Wheat Reaches Record as Ukraine Limits Exports After Drought - Bloomberg
• JGBs stumble as BOJ's Suda stirs rate rise fears - Reuters
• Banks Borrow 3.9 Billion Euros at ECB's Penalty 5 Percent Rate - Bloomberg




Written By: John Kicklighter, Currency Analyst For DailyFX.com

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