Eurozone industrial production index for August rose by 0,9% in monthly terms, said the EU statistical agency Eurostat. Value was below the level projected by most analysts (1.2%). Nevertheless, the July index value revised upward – from -0.3% to 0.2%.In annual terms the euro-zone industrial output decreased by 15,4%, compared with -15.9% in the previous month . Note that the index continuously improved within four months after falling to -21.3% in April this year.
Posts Tagged ‘Euro Zone’
Eurozone industrial production index rising fourth month in a row
Posted by admin on October 14th, 2009
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ZEW index of economic sentiment in Germany declined in October
Posted by admin on October 13th, 2009
Index of Germany’s ZEW economic sentiment for October was 56.0 points compared with 57.7 points a month earlier. The value was below analysts’ forecasts, is expected to increase to 58.8 points. Nevertheless, the current level of the indicator is much higher than the historical average 26.7 points.The index of current conditions in Germany rose in October at 1.8 points to minus 72.2 points. Index Euro zone ZEW economic sentiment fell for the reporting period from 59,6 to 56,9 points. The index of current conditions in the euro area has improved in October to 2.5 points, reaching minus 75.4 points.
Euro in Play with German IFO to Show Business Outlook Rose for Third Month (Euro Open)
Posted by admin on September 24th, 2009
The Euro may see near-term gains as Germany’s IFO Survey shows that business confidence in the Euro Zone’s largest economy rose for the third straight month to hit the highest level since May 2008, but sentiment may not be supportive in the longer term. Key Overnight Developments• Japanese Trade Surplus Shrinks on Export Weakness• Australia’s New Home Sales Matched Record Gain in August• RBA Says Financial System Resilient But Risks RemainCritical LevelsThe Euro consolidated near the 1.47 level in overnight trading, yielding a flat result ahead of the opening bell in Europe. The British Pound advanced, adding as much as 0.3% against the greenback.
U.S. Interest Rates on Tap
Posted by admin on September 23rd, 2009
Following two relatively peaceful trading days, today is filled with news publications from the major economies. Starting at 06:45 and until 09:00 (GMT) traders are advised to follow the news events from the Euro-Zone. Later on, the Crude Oil Inventories will be published at 14:30 (GMT). This indicator tends to have an instant impact on Crude Oil prices, and traders should use it with their trading. Finally, at 18:15 (GMT), the Federal Reserve will announce the U.S Interest Rates for September. This promises to create hefty volatility in the market, which should provide various opportunities for traders to enlarge profits.USD – The Dollar Falls before Federal Reserve MeetingThe U.S Dollar’s weakness resumed, as global investors again embraced risks, reducing safe-haven demand for the U.S.
Market Expects Low Volatility Today
Posted by admin on September 22nd, 2009
There is likely to be less volatility in the market today with almost no market moving data on tap from Japan Europe and Unites States. Yet, few fundamental events that are due out later today may indeed create a remarkable wave in the market, especially towards the late afternoon hours.USD – USD Ups and Downs Result of Market UncertaintyThe US Dollar experienced an exciting trading day on Monday as a rise in risk averse trading helped add an early morning boost, followed by a retracing of Friday’s levels. Against the EUR, the greenback climbed to as high as 1.4610 before coming back down and closing the day at 1.4717.
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US Dollar Rises on Safety Demand as Stocks Retreat in Asian Trading (Euro Open)
Posted by admin on September 18th, 2009
The US Dollar gained as stocks sold off in Asian trading on news that Japan’s third-largest consumer lender will suspend debt payments to its creditors, boosting demand for the safety-linked currency. German PPI, Euro Zone Current Account, and UK Public Borrowing figures are on tap ahead.Key Overnight Developments• Japan’s Third-Largest Consumer Lender to Suspend Debt Payments• Hong Kong Monetary Authority Deputy Chief Says Mortgage Rates Too Low• Euro, British Pound Decline as Stock Losses Boost the US DollarCritical LevelsThe Euro lost as much as -0.4% against the US Dollar, testing below the 1.47 level in overnight trading.
Swiss Franc in Focus as SNB Announces Rates, Currency Policy (Euro Open)
Posted by admin on September 17th, 2009
The Swiss Franc may see volatility ahead as the Swiss National Bank gets set to make their quarterly monetary policy announcement, including an update on their policy of intervention into the currency market to prevent the appreciation of the currency. UK Retail Sales and the Euro Zone Trade Balance are also on tap.Key Overnight Developments• Japanese Service Demand Rises to Highest Since February• NZ Manufacturing Shrinks at Faster Pace as Orders Plummet• Bank of Japan Holds Rates at 0.10%, Raises Economic ForecastCritical LevelsThe Euro advanced in the overnight session, testing as high as 1.4734 to the US Dollar.
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British Pound Selling Continues With Unemployment to Set 12-Year High (Euro Open)
Posted by admin on September 16th, 2009
The British Pound fell against the US Dollar in overnight trading ahead of a report that is set to show the unemployment rate hit a 12-year high of 5% in August. The Euro Zone Consumer Price Index and Swiss Retail Sales are also on tap.Key Overnight Developments• Australia Won’t Raise Interest Rates Until Next Year, Says Westpac• Euro Flat, British Pound Lower Against USD in Overnight TradingCritical LevelsThe Euro consolidated in a narrow range below the US session high at 1.4686 in overnight trading. The British Pound moved lower, slipping as much as -0.4% against the US Dollar.Asia Session HighlightsAustralia’s Westpac Leading Index added 1.1% in July, rising to the highest level in seven months.
Obama Speech to Impact Dollar
Posted by admin on September 14th, 2009
The Dollar is likely to go volatile during and following the speech by President Obama today at 16:00 GMT. Meanwhile, forex traders are advised to take positions on trades, as a few of data releases coming out of Euro-Zone and Britain are likely to affect the greenback’s main currency crosses.USD – Dollar Finishes a Week of Falling TrendsDuring last week’s trading session, traders that went short on the dollar made profits. The dollar dropped over 300 pips against the Euro, around 400 pips against the Pound, and slid about 350 pips against the Yen.The Dollar weakened in light of some negative data published from the U.S economy.
US Dollar Surges as Stocks Drop in Asian Trading, Boosting Demand for Safety (Euro Open)
Posted by admin on September 14th, 2009
The US Dollar raced higher to start the trading week as stocks sold off in Asian trading and US equity index futures pointed to a sharply lower open on Wall St in the day ahead. New Zealand Retail Sales unexpectedly fell in July. Swiss PPI and Euro Zone employment and industrial production figures are on tap ahead.Key Overnight Developments• New Zealand Retail Sales Unexpectedly Drop in July as Unemployment Rises• US Dollar Surges As Stocks Drop in Asian Trading, Boosting Demand for SafetyCritical LevelsThe US Dollar pummeled both the Euro and the British Pound to start the trading week, with both currencies falling as much as -0.6% against the greenback as stocks sold off in Asian trading and US equity index futures pointed to a sharply lower open on Wall St in the day ahead.
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