(CEP News) Frankfurt - Rescue packages and central bank rate cuts helped to push the Centre for European Economic Research (ZEW)’s German economic sentiment indicator up to -53.5 in November, up 9.5 points from October’s record low. Economists hadn’t expected such a strong rebound and had instead forecast no change to the ZEW headline indicator.
Originally from CEP News Top Economic News on November 11, 2008, 2:30am
(CEP News) Frankfurt - German whole prices rose 3.6% in the 12 months to October, down from both the 4.3% increase expected and September’s 5.8% gain, the Federal Statistical Office (Destatis) said on Tuesday.
Originally from CEP News Top Economic News on November 10, 2008, 11:09pm
The EUR/USD tried to shrug off the weak performance in equity marketstoday by rallying for most of the early European session reaching a high of 1.2800 before trailing back to 1.2750 in generally quiet, lackluster trade.In late Asia the unit was mainly propped up by demand from Eastern Europe perhaps…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on November 10, 2008, 8:14pm
In Currencies: The USD continues to consolidate in its triangle pattern from late Oct. Demand for EUR/GBP cross had been a supportive factor for EUR/USD during the European morning. EUR/GBP Cross hit an all-time high of 0.8214 || Dealers suggested that Russian central bank new rouble support was seen at…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on November 10, 2008, 8:13pm
The German November ZEW rose to -53.5, better than our median of -63 and up from -63 in October. The massive rate cuts over the past month and the announcement of stimulus programmes are likely to have helped to stabilize confidence, but readings remain at very low levels with pessimists…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on November 10, 2008, 7:31pm
The Euro pulled back after reaching a high of 1.2802 despite the unexpected improvement in the German ZEW survey. The downturn in the EURUSD suggests that investors remain bearish against the currency pair as they expect the European Central Bank to ease policy further, and may face increased selling pressures…
Originally from Forex Fundamental Analysis Reports (ActionForex.com) on November 10, 2008, 8:24pm
Hola Amigos, buen día. A pesar del anuncio de un gigantesco plan de reactivación económica hecho por el gobierno de China, enfocado principalmente en la obra pública, los mercados financieros no respondieron postivamente en la víspera. La sólida posición financiera china le permite tomar este tipo de medidas, aunque siguen pesando en el ánimo de los inversores las noticias provenientes de los países centrales europeos, así como de Estados Unidos, donde el lunes cayó otro banco,
Originally from FXstreet.com on November 11, 2008, 2:52am
Madrid 11 de noviembre 2008 (OroyFinanzas) – Behrouz Borna, Director de Explotación de la Organización Nacional de Geología y Exploración Minera de la Republica Islámica de Irán, ha declarado que: “la producción de oro de Irán alcanzará las cinco toneladas al año”. Y, añadió: “a largo plazo, Irán tiene el potencial para aumentar la cifra a 25 toneladas anuales.” Irán está negociando con los gobiernos de países africanos y sudamericanos para que expertos iraníes lleven a cabo actividades de
Originally from FXstreet.com on November 11, 2008, 3:06am
El viernes se anunció que la economía de los EE.UU. perdió otros 240.000 puestos de trabajo en el mes de octubre. Es importante recordar que los datos de los meses de agosto y septiembre fueron revisados claramente a la baja; en el mes de septiembre se perdieron 280.000 puestos de trabajo. Esto parece indicar que las empresas siguen reduciendo costes a medida que la economía se desacelera. Me parece interesante como va a evolucionar ahora tras las elecciones puesto que hasta ahora no se podía
Originally from FXstreet.com on November 11, 2008, 3:18am
The US dollar has taken a step back against the major forex currencies: The Euro, Australian and New Zealand Dollars, and Canada all have broken above…
Originally from Currency Trading News by DailyFX on November 11, 2008, 1:45am