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FXstreet.com: Fundamental
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USD mixed, GBP lower on weak UK industrial production
FX Highlights The USD is trading mixed with JPY pressured by BOJ ease speculation, GBP trades lower in reaction to report of weaker than expected UK industrial production, EUR edged higher supported by gains in cross to the JPY and GBP, EUR gains were limited by report of a sharp drop in German exports, China reports strong trade data with exports up 45.7% in February, commodity currencies trade higher in reaction to strong Chinese trade data Focus turns to today’s US wholesale inventories and
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European Session News Summary
European Commission former President Romano Prodi says Greece's worst financial woes are over More on the Greece financial position, in Shanghai today, a former European Commission President Romano Prodi said that we have seen the worst of the financial woes in Greece. Prodi, who is also the prime minister of Italy, said that "For Greece, the problem is completely over". The government of Greece last week announced new measures of 4.8 billion euros to narrow the budget deficit that stood at
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US Morning Briefing
Overnight News Asia: At 0607 GMT JGB's were trading at 140.31 (+0.05) as the Nikkei fluctuated around the unchanged mark overnight and the latest January machine orders came in at -3.7% slightly worse than the expected -3.5%. BOJ is leading towards easing monetary policy next week, but it is not a done deal, according to sources. In other news, Japanese finance minister Kan said he saw no immediate need to have a more formal policy pact with the Bank of Japan as the government and the central
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Dollar is the big winner while pound is the big Loser
The U.S. dollar advanced today against a basket of major currencies where the dollar index rose to 80.75 from the day's opening at 80.54. On the other hand, the main loser in market is the sterling which dropped versus all majors after the downbeat report released today. As for the sterling-dollar pair, it is showing decline on the daily and 4-hour charts, but stopped its losses when it hit support at 1.4857. Today's decline was spurred by the unexpected drop in manufacturing and industrial
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UK Production data declines for the first time since Aug
European market Update: UK Production data declines for the first time since Aug; UK budget release date of March 24 makes a May 6th general election seem even more likely ECONOMIC DATA - (TH) Thailand Central Bank maintained its Benchmark Interest Rate at 1.25%; as expected - (CH) China Feb NDRC Housing Prices: 10.7% v 9.4%e - (FI) Finland Jan Industrial Production M/M: -1.8% v 0.9%e; Y/Y: 0.0% v 4.0%e - (GE) Germany Jan Current Account: €3.6B v €15.0Be; Trade Balance: €8.0B v €14.5Be;
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