UK CPI soars to 3.3% in November

UK CPI soars to 3.3% in NovemberUK annual CPI surged to 3.3% in November, above the BoE's target, higher than both October's reading and median forecasts of 3.2%. On the month, the reading also rose to 0.4%, exceeding both prior and estimates of 0.3%. Core CPI came in at 2.7% annually, analogous to the previous and expected readings

UK housing gauge slides in Novembe

UK housing gauge slides in NovembeA UK housing gauge slipped to the lowest level in 18 month last month as prices dropped 44 percentage points relative to -49 in October and forecasts of -50. A gauge of new buyer enquiries plummeted to -18 in November from -12 as demand declined amid the intended spending cuts announced by the British government

OIL December 14, 2010 - Morning Report

FOREX TRADING - OIL December 14, 2010 - Morning Report Recommendation OIL Technical OIL Oil Oil Report Morning Report oil14
The bearish reversal after touching levels around 89.05 insure that the suggested wave scenario in our weekly report, which is still valid since it describes crude’s critical movement. Henceforth, trading below 91.35 – preferred below 90.50 – will maintain chances

GOLD December 14, 2010 - Morning Report

FOREX TRADING - GOLD December 14, 2010 - Morning Report Recommendation GOLD Technical GOLD Report GOLD Morning Report  
gold14
The upside move from 1329.00 to the recorded high of 1430.00 occurred within three waves, while gold has fluctuated as seen on the shaded areas and thus we don't think that gold started a new upside wave. We believe that the recent established upside move could be

SILVER December 14, 2010 - Morning Report

FOREX TRADING - SILVER December 14, 2010 - Morning ReportRecommendation SILVERTechnical SILVERSilverMorning Report
silver14
Silver was unable to maintain levels below 28.15-28.05, discussed in the weekly report. Not only that, but it stabilized above 28.05 and that was the main reason for the upside movements. Note that the bearishness from 30.69 to 27.96 was unable to touch the previous

GBPJPY December 14, 2010 - Morning Report

FOREX TRADING - GBPJPY December 14, 2010 - Morning Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great british pound vs. japanese Yen (GBP / JPY Morning Report
 
 
In addition to the bigger picture of weekly basis, where we discussed the classical probability of forming a descending triangle pattern in the weekly report, we can see a potential double top

EURJPY December 14, 2010 - Morning Report

FOREX TRADING - EURJPY December 14, 2010 - Morning Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. japanese Yen (EUR / JPY) Morning Report
 
  The secondary image of the four hour time scale proves the solidity of the resistance line of the suggested rising wedge pattern, which forced the pair to move downwards during the Asian session. In the interim, the

EURGBP December 14, 2010 - Morning Report

FOREX TRADING - EURGBP December 14, 2010 - Morning Report Recommendation EURGBP Technical eurgbp / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. great british pound (EUR / GBP) Morning Report
 
  In line with our yesterday's bullish classical scenario of the falling wedge pattern, the royal pair soared breaching the upper line –resistance line- of the pattern seen on the provided four hour

USDCAD December 14, 2010 - Morning Report

FOREX TRADING - USDCAD December 14, 2010 - Morning Report USD/CAD - usdcad - USD CAD Recommendation USDCAD Technical USDCAD Canadian dollar (CAD) Morning Report
CAD
The pair attempted to move to the downside yesterday, but was not able to surpass 1.0025 in order for trading to remain wedged within the range shown above. Stochastic is gradually losing bullish momentum and thus we hold onto

USDCHF December 14, 2010 - Morning Report

FOREX TRADING - USDCHF December 14, 2010 - Morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss franc (CHF) Morning Report
CHF
The pair succeeded in achieving the suggested scenario from our reports yesterday, where we notice that it is currently trading below the key ascending channel’s support level that has currently turned into resistance at 0.9685.

USDJPY December 14, 2010 - Morning Report

FOREX TRADING - USDJPY December 14, 2010 - Morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report
JPY
The pair is still wedged between pivotal resistance 84.25 and support from SMA 50 at 83.15. The negative pressure from stochastic will keep the current sideway fluctuation, until positive momentum supports the breaching process of the

GBPUSD December 14, 2010 - Morning Report

FOREX TRADING - GBPUSD December 14, 2010 - Morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The pair succeeded in breaching pivotal resistance 1.5825 stabilizing above it and thereby reinforcing yesterday’s expectations of an ongoing ascend. Stochastic is giving off overbought signs that may cause some trading around the

EURUSD December 14, 2010 - Morning Report

FOREX TRADING - EURUSD December 14, 2010 - Morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
The first mission for the pair is returning within the ascending intraday channel that has been achieved, where it is returning within the short term bullish trend from the previously breached main upside channel that has presently turned into

Forex News : A cocktail of U.S indicators within the next week

Forex News : A cocktail of U.S indicators within the next week
The U.S economy will release a wide variety of data during the coming week which include Inflation, Manufacturing, Housing, Retail sales in addition to the Federal Reserve's rate decision meeting therefore in short it is going to be one busy week.The main highlight of the week and the most anticipated event is the Federal Open

Forex News : Europe ahead: Jitters on the rise as year race to end with EU summit to focus on budget

Forex News : Europe ahead: Jitters on the rise as year race to end with EU summit to focus on budgetThe year is racing to its end, and seemingly the outlook for 2011 is not turning so bright with the debt crisis still the center of attention in the old continent. Surely the sentiment has started to ease, and we can see that equity markets are starting to get around the debt woes on the

Forex News : Japanese industrial data on the watch this week

Forex News : Japanese industrial data on the watch this weekThis week will witness the release of a number of data which may somewhat seem relatively weak, but with the end of the year it becomes crucial data, because they will reflect the overall performance of the economy and the projections for next year, which is the main reason behind the fluctuations in the financial markets at the

EUR/USD Weekly Outlook 13 -17 December 2010

Forex Trading EUR/USD Weekly Outlook 13 -17 December 2010 EUR/USD Weekly Outlook EUR/USD engaged in choppy retreat from 1.3437 last week. The corrective structure suggests that rebound from 1.2969 is not over yet and another rise is in favor. Above 1.3437 will bring rise resumption. In such case, 1.3447 resistance should be taken out and that would confirm that fall from 1.4281 has completed

GBP/USD Weekly Outlook 13 -17 December 2010

Forex Trading GBP/USD Weekly Outlook 13 -17 December 2010 GBP/USD Weekly Outlook GBP/USD edged higher to 1.5860 last week and broke near term falling trend line as well as 1.5838 resistance. Upside momentum is not too convincing still. But after all, another rise remains in favor as long as 1.5655 minor support holds. Fall from 1.6298 is likely finished with three waves down to 1.5484 already

USD/JPY Weekly Outlook 13 -17 December 2010

Forex Trading USD/JPY Weekly Outlook 13 -17 December 2010 USD/JPY Weekly Outlook USD/JPY's strong rebound from 82.33 suggests that fall from 84.39 is merely a correction and should have completed at 82.33 already. Further rise would now remain in favor as long as 83.43 minor support holds. Break of 84.39 will confirm that whole rebound from 80.29 has resumed and should target 85.92 cluster

USD/CHF Weekly Outlook 13 -17 December 2010

Forex Trading USD/CHF Weekly Outlook 13 -17 December 2010 USD/CHF Weekly Outlook USD/CHF's recovery was limited at 0.9914, by 4 hours 55 EMA and weakened towards the end of the week. Nevertheless, downside is still contained well above 0.9725. Initial bias remains neutral this week and some more sideway trading could be seen first. As noted before, recovery from 0.9462 has already completed

AUD/USD Weekly Outlook 13 -17 December 2010

Forex Trading AUD/USD Weekly Outlook 13 -17 December 2010 AUD/USD Weekly Outlook AUD/USD engaged in sideway trading between 0.9752 and 0.9964 last week. Initial bias remains neutral this week and more consolidations could be seen. But still we'd expect strong support from 61.8% retracement of 0.9536 to 0.9964 at 0.9699 to contain downside and bring resumption of rise from 0.9536 eventually.

USD/CAD Weekly Outlook 13 -17 December 2010

Forex Trading USD/CAD Weekly Outlook 13 -17 December 2010 USD/CAD's recovery from 1.0002 last week was limited at 1.0139 and lost steam since then. With 4 hours MACD crossed below signal line, initial bias is neutral this week. On the upside, above 1.0139 will bring another rise towards 1.0285 resistance. On the downside, below 1.0062 will flip bias back to the downside and suggest that fall

EUR/GBP Weekly Outlook 13 -17 December 2010

Forex Trading EUR/GBP Weekly Outlook 13 -17 December 2010 Initial bias in EUR/GBP remains on the downside this week for a test on 0.8333 support first. Break there will confirm that recent decline from 0.8940 has resumed and should target 0.8067 low and possibly below. On the upside, above 0.8428 minor resistance will indicate that consolidations from 0.8333 is still in progress and might

EUR/CHF Weekly Outlook 13 -17 December 2010

Forex Trading EUR/CHF Weekly Outlook 13 -17 December 2010 EUR/CHF Weekly Outlook EUR/CHF continued to trade below 4 hours 55 EMA last week and crawled back towards 1.2932 low. Recovery might be finished at 1.3204 already and initial bias remains cautiously on the downside this week for 1.2932. Break there will confirm that whole fall from 1.3833 has resumed for a retest on 1.2765 low. On the

EUR/JPY Weekly Outlook 13 -17December 2010

Forex Trading EUR/JPY Weekly Outlook 13 -17December 2010 EUR/JPY Weekly Outlook EUR/JPY's recovery from 108.38 continued last week and edged higher to 111.63. But after all, upside is still limited below 111.90 resistance and hence, the bearish outlook remains unchanged. That is, rebound from 105.42 should have completed at 115.65 already. Below 109.56 will flip intraday bias back to the

GBP/JPY Weekly Outlook 13 -17December 2010

Forex Trading GBP/JPY Weekly Outlook 13 -17December 2010 GBP/JPY Weekly Outlook GBP/JPY's strong rebound last week indicates that fall from 134.19 is possibly completed at 129.32 already. Though, with a temporary top in place at 132.98, initial bias is neutral this week and we'd see some more sideway consolidations first. Another rise will remain in favor as long as 131.32 minor support

EUR/USD December 10 , 2010 - morning Report

FOREX trading - EUR/USD December 10 , 2010 - morning Report Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Morning Report
EUR
We can see the signs of a new channel organizing intraday trading for the pair, an after touching this channel’s support yesterday, we expect a bullish intraday direction supported by positive signs on Stochastic. The awaited targets start at

GBP/USD December 10 , 2010 - morning Report

FOREX trading - GBP/USD December 10 , 2010 - morning Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Morning Report
GBP
The 50 MA continues protecting the bullish intraday direction by continuously pushing the pair to the upside, as shown above. Stochastic turned positive and signals the possible bullishness targeting the pivotal resistance at

USD/JPY December 10 , 2010 - morning Report

FOREX trading - USD/JPY December 10 , 2010 - morning Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Morning Report

JPY
The pair continues yesterday’s narrow trading between the 50 MA and the pivotal resistance at 84.25. Yesterday's scenario remains intact, where we recommend reviewing the previous report for further details and sensitive levels and

USDCHF December 10 , 2010 - morning Report

FOREX trading - USDCHF December 10 , 2010 - morning Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss franc (CHF)
Morning Report

CHF
The pair returned to stabilize below 0.9855, while continuously stabilizing below the 50 MA. The minor ascending channel organizing the current wave forms a continuous flag pattern; therefore, we await the breach of this

FOREX trading - usdcad December 10 , 2010 - morning Report

FOREX trading - usdcad December 10 , 2010 - morning Report USD/CAD - usdcad - USD CAD Recommendation USDCAD Technical USDCAD Canadian dollar (CAD) Morning Report

CAD
The pair is still fluctuating around the 50 MA in an attempt to gain negative momentum to start the previously suggested bearish move. We expect the fluctuation to continue around this level and retesting areas around 1.0140

Forex News - An important week awaits the Asian Pacific

Forex News - An important week awaits the Asian PacificAfter a week full of events, the region awaits another week with very important economic data and central banks decisions. With the approach of the end of 2010, the fundamentals from central banks becoming more important, because it will determine the policies by the banks in the upcoming year, and this has a significant impact on

Forex News - Europe Ahead: BoE Rate Decision under the Spotlight

Forex News - Europe Ahead: BoE Rate Decision under the SpotlightAfter the ECB rate decision last week, investors will scrutinize the BoE rate decision this week to see the action of the bank amid the myriad problems the economy suffers from. BoE policy makers are expected to announce that both interest rate and APF will remain unchanged in December at 0.50% and 200 billion pounds. Spencer

Forex News : Public sector week for the U.S

Forex News : Public sector week for the U.SDear readers, I hope you are enjoying the weekend away from the headache of markets and releases. This weekend comes as a good opportunity for investors to catch their breaths after the very busy week and to think clearly before the coming week begins. The week ahead holds data regarding the government's performance during November, where monthly

EUR/USD Weekly Outlook 6 -10 December 2010

Forex Trading EUR/USD Weekly Outlook 6 -10 December 2010 EUR/USD Weekly Outlook EUR/USD rebounded strongly after initial dip to 1.2969 last week. While 1.3447 resistance is still intact, broad based weakness in dollar is making the bearish view in EUR/USD vulnerable. In particular, we must consider that dollar index has already taken out corresponding support level of 79.46. In any case,

GBP/USD Weekly Outlook 6 -10 December 2010

Forex Trading GBP/USD Weekly Outlook 6 -10 December 2010 GBP/USD Weekly Outlook GBP/USD rebounded strongly after initial dip to 1.5484. While the rebound is still kept below 1.5838 resistance, the broad based weakness in dollar is making the bearish view in GBP/USD vulnerable. In any case, initial bias remains on the upside this week for further rise. Break of 1.5838 resistance will argue that

USD/JPY Weekly Outlook 6 -10 December 2010

Forex Trading USD/JPY Weekly Outlook 6 -10 December 2010 USD/JPY Weekly Outlook USDJPY's sharp fall and break of 82.78 support last week indicates that rebound from 80.29 should be completed at 84.39 already. Initial bias is on the downside this week for 61.8% retracement of 80.29 to 84.39 at 81.85 first. Break will target a test on 80 psychological level again. On the upside, above 83.02

USD/CHF Weekly Outlook 6 -10 December 2010

Forex Trading USD/CHF Weekly Outlook 6 -10 December 2010 USD/CHF Weekly Outlook USD/CHF's sharp fall last week indicates that recovery from 0.9462 has already completed with three waves up to 1.0065 after hitting 100% projection of 0.9462 to 0.9970 from 0.9547 at 1.0055. Whole decline from 1.1729 is likely resuming. Initial bias remains on the downside this week for 0.9463 first and break

AUD/USD Weekly Outlook 6 -10 December 2010

Forex Trading AUD/USD Weekly Outlook 6 -10 December 2010 AUD/USD Weekly Outlook AUD/USD dipped to 0.9536 last week initially but rebound strongly since then. The strength of the rise from 0.9536 indicates that pullback from 1.0181 is completed with three waves down to 0.9536 already. The corrective structure in turn indicates that 1.0181 is not yet the medium term top. Initial bias remains on

USD/CAD Weekly Outlook 6 -10 December 2010

Forex Trading USD/CAD Weekly Outlook 6 -10 December 2010 USD/CAD Weekly Outlook USD/CAD's choppy range trading continued last week. Despite a brief rally to 1.0285, USD/CAD reversed and fell sharply to as low as 1.0002. Considering that it's near to lower end of the range and with 4 hours RSI just back from oversold region, we'd turn neutral initially this week first. While another fall

EUR/GBP Weekly Outlook 6 -10 December 2010

Forex Trading EUR/GBP Weekly Outlook 6 -10 December 2010 EUR/GBP Weekly Outlook A short term bottom should be in place at 0.8333 on bullish convergence condition in 4 hours MACD. Rebound from there should extend further initially this week, possibly to 0.8594 resistance and above. Nevertheless, we'd expect strong resistance between 0.8594 and 0.8651 to limit upside and bring resumption of

EUR/CHF Weekly Outlook 6 -10 December 2010

Forex Trading EUR/CHF Weekly Outlook 6 -10 December 2010 EUR/CHF Weekly Outlook EUR/CHF recovered strongly after diving to as low as 1.2932 last week. Nevertheless, upside is still limited below 1.3229 resistance and thus, there is no change in the bearish outlook. Whole decline from 1.3833 is still expected to continue and below 1.2932 will target a test on 1.2765 low next. On the upside,

EUR/JPY Weekly Outlook 6 -10 December 2010

Forex Trading EUR/JPY Weekly Outlook 6 -10 December 2010 EUR/JPY Weekly Outlook EURJPY dropped to as low as 108.38 last week but recovered strongly since then. Nevertheless, upside is still limited below 111.90 resistance and thus, the bearish outlook remains unchanged. That is rebound from 105.42 should have completed at 115.65 already. Below 108.38 will target a test on 105.42 next.

GBP/JPY Weekly Outlook 6 -10 December 2010

Forex Trading GBP/JPY Weekly Outlook 6 -10 December 2010 GBP/JPY Weekly Outlook GBP/JPY turned sideway after dipping to 129.32 last week. With 132.08 resistance intact, fall from 134.19 is still in favor to continue. Below 129.32 will bring another fall towards 126.42 low. Nevertheless, above 132.08 will indicate that fall from 134.19 is finished already. Also, the choppy corrective look of

US Construction Spending

US Construction SpendingThe US construction spending for October rose up to 0.7%; better than the forecasted -0.3% and the prior reading of 0.5%

US ISM Manufacturing Better-than-forecasted

US ISM Manufacturing Better-than-forecastedThe US released its ISM Manufacturing for November showing as it came in at 56.6; than the prior reading of 56.9 and the prior reading of 56.9 while that the ISM prices paid for the same period plunged to 69.5, which is worse than the predicted and prior readings of 71.0

ADP Employment Shows U.S. Private Employers Added 93K Jobs in November

ADP Employment Shows U.S. Private Employers Added 93K Jobs in November Conditions in the U.S. labor market seem to be improving, although the pace of improvement remains somewhat weak, since employers are still reluctant to add new workers over a strong pace amid the ongoing weak economic conditions and the huge uncertainty surrounding the outlook, nevertheless, the emerging signs from the

Nonfarm productivity

Nonfarm productivity The U.S. released the Nonfarm productivity index for the third quarter of this year, where nonfarm productivity increased to 2.3% in the final estimate for the third quarter, compared with the prior reported rise of 1.9% and in line with median estimates, while the unit labor costs index showed a drop of -0.1% in line with the preliminary estimate and compared with

ADP Employment Change

ADP Employment ChangeThe ADP employment change report was released today for the month of November, where the ADP employment showed that U.S. private employers added 93,000 jobs in November, compared with the expected increase of 70,000 jobs, and with the prior revised 82,000 added jobs back in October

OIL December 1 , 2010 - Midday Report

FOREX TRADING - OIL December 1 , 2010 - Midday Report Recommendation OIL Technical OIL Oil
Midday Report

Crude ascended but is still trading below 85.65-85 areas, where these levels are vital for determining the intraday direction. The suggested Elliot count is still valid and returning to trade below 84.60 confirms the possible return to the bearish wave as far as we do not witness a

GOLD December 1 , 2010 - Midday Report

FOREX TRADING - GOLD December 1 , 2010 - Midday Report Recommendation GOLD Technical GOLD Gold Midday Report  
gold01
The metal was very close to 1385.00, where it inclined once more, proving the solidity of 61.8% Fibonacci level of XA leg. Note that, it turned into good support at 1388.00. The harmonic structure is still in progress, where its CD leg might continue to push it to

SILVER December 1 , 2010 - Midday Report

FOREX TRADING - SILVER December 1 , 2010 - Midday Report Recommendation SILVER Technical SILVER Silver Midday Report  
silver01
The same scenario of our suggested Elliott count over daily and short term basis is still in favor, where we believe that the correction will be flat. The present bullishness might continue inside a complicated corrective structure that started at 29.30 zones.

GBPJPY December 1 , 2010 - Midday Report

FOREX TRADING - GBPJPY December 1 , 2010 - Midday Report Recommendation GBPJPY Technical GBP/JPY GBP/JPY - GBP JPY - GBPJPY Great British Pound vs. Japanese Yen (GBP / JPY) Midday Report
 

The pair inclined slightly during the previous session and this incline is seen as a normal recovery for the bearishness that dominated the movements since the opening of this week. The bearish

EURJPY December 1 , 2010 - Midday Report

FOREX TRADING - EURJPY December 1 , 2010 - Midday Report Recommendation EURJPY Technical EUR/JPY EUR/JPY - EUR JPY - EURJPY Euro vs. Japanese Yen (EUR / JPY)
Midday Report
 


The pair respected our morning scenario flawlessly, moving slightly upwards as the internal count offers the probability of forming the fourth internal wave of c for the bigger B. let us make it more simple

EURGBP December 1 , 2010 - Midday Report

FOREX TRADING - EURGBP December 1 , 2010 - Midday Report Recommendation EURGBP Technical EURGBP / EURGBP EUR/GBP - EUR GBP - EURGBP Euro vs. Great British Pound (EUR / GBP) Midday Report
 


Normal recovery occurred during the previous session due to facing the Fibonacci level of 76.4% of the CD leg for our efficient harmonic pattern and that is why we discussed the importance of

USDCHF December 1 , 2010 - Midday Report

FOREX TRADING - USDCHF December 1 , 2010 - Midday Report Recommendation USDCHF Technical USD/CHF USDCHF - USD/CHF - USD CHF Swiss Franc (CHF) Midday Report
CHF
The pair moved to the upside before building a base on the support that currently ascended to meet with the psychological barrier at 1.0000. Stochastic is still overbought which will maintain fluctuation near the support level

USDCAD December 1 , 2010 - Midday Report

FOREX TRADING - USDCAD December 1 , 2010 - Midday Report USD/CAD - USDCAD - USD CAD Recommendation USDCAD Technical USDCAD Canadian Dollar (CAD) Midday Report CAD
The pair descended to temporarily breach the retest level at 1.0240 due to the negative effect on momentum indicators; thus, we should observe the pair specifically the daily closing around the mentioned levels; stability

USDJPY December 1 , 2010 - Midday Report

FOREX TRADING - USDJPY December 1 , 2010 - Midday Report Recommendation USDJPY Technical USD/JPY USD/jpy - USD JPY Japanese Yen (JPY) Midday Report
JPY
The pair is fluctuating around the resistance for sideway range at 83.80, but without confirmations for the upcoming direction from the critical levels between the support at 82.80 and resistance at 83.95 according to our morning

GBPUSD December 1 , 2010 - Midday Report

FOREX TRADING - GBPUSD December 1 , 2010 - Midday Report Recommendation GBPUSD Technical GBP/USD GBP USD - gbp/usd Great British Pound (GBP) Midday Report
GBP
The pair moved to the upside according to our suggested scenario nearing the retest level at 1.5680, accompanied by Stochastic entering overbought areas; thus, supporting our morning expectations for today as long as stability

EURUSD December 1 , 2010 - Midday Report

FOREX TRADING - EURUSD December 1 , 2010 - Midday Report  Recommendation EURUSD Technical EUR/USD EUR USD - eur/usd Euro Midday Report
EUR
The pair rushed to the upside breaching the retest level mentioned this morning at 1.3080. Stochastic entered overbought areas and thereby supporting the possibility of resuming our morning expectations as long as the next four-hour closing is below

ADP Employment, ISM Manufacturing, and Fed’s Beige Book Dominate the News

ADP Employment, ISM Manufacturing, and Fed’s Beige Book Dominate the News
Investors are waiting for the first clue from the labor market, where the ADP employment change report is due to be released for the month of November, while the Institute for Supply Management will release its manufacturing index, also, later today, the Fed’s Beige Book will be released, as it will shed light over the

S&P may lower Portugal's credit rating

S&P may lower Portugal's credit rating
Standard and Poor's said it may lower Portugal's long-term A-long-term and A-2 short-term credit ratings with negative implications due to uncertainties surrounding the government's ability to finance the debt service. S&P added that lowered growth forecasts provide a clue that the government will not be able to reduce the huge sovereign debt. In

UK manufacturing expands in November

UK manufacturing expands in November UK manufacturing continued the pace of progress as the sector expanded 58.0 in November compared higher than estimates of 54.7 and the prior reading of 54.9

European economies released performance activities for the manufacturing sector

Europe’s manufacturing sector activities rise in November
European economies released performance activities for the manufacturing sector over the past month, showing the fastest expansion rate in nearly four-months in November. The final Euro-Zone PMI Manufacturing index for the month of November rose to 55.3 from the previous 54.6 while below the expected 55.5. A reading above 50 is

German manufacturing resumes expansion in November

German manufacturing resumes expansion in NovemberGerman manufacturing resumes expansion in November as PMI index came in at 58.1 compared with 56.6 in October and forecasts of 58.9

European Manufacturing to Continue Expansion in November

European Manufacturing to Continue Expansion in November The European continent will release important manufacturing data today, where the final readings for the month of November in euro zone and UK are due at 09:00 GMT and 09:30 respectively. In the euro zone, last week the advanced reading revealed that manufacturing sector in the 16 nations using the European common currency resumed

The Australian economy expanded in the third quarter of 2010

The Australian economy expanded in the third quarter of 2010 The Australian economy expanded in the third quarter of 2010 less than the market's expectations, as the nation's exports (one of the main pillars for economic growth) retreated, affected by the strength currency.  The Australian economy released today data of both the quarterly GDP and annual GDP during the third quarter, where

Belgian Bond Yields and CDS Rise on Fiscal Tensions in the Region

Belgian Bond Yields and CDS Rise on Fiscal Tensions in the RegionDebt woes contagion is spreading across the euro region to hit non-peripheral economy which is Belgium as the spread between holding Belgian 10-year bonds compared with German bunds spiked to 139 basis points while the cost of insuring against default know as Credit Default Swaps (CDS)climbed to record. The political

Indonesia's trade balance

Indonesia's trade balanceIndonesia released today its trade balance reading for the month of November, which showed a rise in the surplus to 2072 million dollars, lower than the expected 2376 million dollars and the previous 2545 million which was revised to 2528 million dollars. Meanwhile exports rose by 16.1%, higher than the expected 8.0%, while the previous reading was revised to 23.8%