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FOREX News & Overnight Technical Levels - October 19th

Friday, 19 October 2007 10:49:39 GMT  |  John Kicklighter, Currency Analyst

Fundamental Headlines

• USDJPY - The broad based, all-industry activity indicator grew 1.0 percent over August, slightly below expectations, with help from strong performances in the tertiary and manufacturing sectors.
• AUDUSD - The first of the Aussie third quarter inflation numbers, the Import Price Index slipped less than expected on a 0.8 percent drop predominately due to declines in manufactured goods and machinery components.
• NZUSD - Consumer spending is seemingly unstoppable in New Zealand. Purchases made through credit and debit card grew 9.5 percent over the period through September, the fastest pace this year.
• EURUSD - German producer inflation rebound is weaker than expected in September with a 0.2 percent pick up for the month and a 1.5 percent acceleration from the slowest pace of expansion in three and a half years.
• GBPUSD - UK GDP hits its fastest pace of annual expansion in over three years on an unexpected 3.3 percent print. The 0.8 percent quarterly figure secures the 61st consecutive quarter of growth.

• BOJ Fukui: Worries remain over US, market turmoil (link) - Reuters
• BOJ Is Committed to Raising Interest Rates, Muto Says (link) - Bloomberg
• German Finance Chief Urges IMF Oversight of Markets (link) - Wall Street Journal
• Russia Won't Fight Inflation With Stronger Ruble (link) - Bloomberg
• Oil near new $90 high as dollar sinks (link) - Reuters.uk
• EU Strikes Deal on Treaty, Ending Political Stalemate (link) - Bloomberg

 

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