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Showing posts with the label RTTNews Forex Top Story.

RTTNews Forex Top Story November 22, 2013:

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German Ifo Business Sentiment At 19-Year High 11/22/2013 5:33 AM ET German  business  morale rebounded strongly in November to reach its highest level in more than one-and-a-half years, suggesting that the  economy  might have gathered momentum in the final quarter of the year. The headline business climate index rose to 109.3 in November from 107.4 in October, survey results from the Munich-based Ifo Institute showed on Friday. Economists had forecast an increase in the index to 107.7. "November's German Ifo index echoes the message of the ZEW survey and PMI that the economy might have regained a bit of momentum in the fourth quarter" after the third quarter's slowdown, said Jonathan Loynes, Chief European Economist at Capital Economics. The Ifo's current conditions index scored 112.2 during the month, up from 111.3 in October. The expected score was 111.5. The expectations index jumped to 106.3, the highest reading since May 2011, from 103.

RTTNews Forex Top Story November 21, 2013: European Economics Preview: Eurozone Flash PMI Data Due.

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European Economics Preview: Eurozone Flash PMI Data Due 11/21/2013 1:11 AM ET Flash Purchasing Managers' survey results from Eurozone and public sector finances from the U.K. are due on Thursday. At 2.00 am ET, Swiss foreign trade figures are due. The trade surplus is forecast to rise to CHF 2.6 billion in October from CHF 2.4 billion in September. Markit Economics is set to release flash PMI data at 3.00 am ET. The French manufacturing PMI is seen at 49.5 in November, up from 49.1 in October. Similarly, the services PMI is forecast to improve to 51 from 50.9. At 3.30 am ET, Germany's PMI figures are due. The manufacturing PMI is expected to rise to 52 in November from 51.7 and the services index to improve to 53 from 52.9. In the meantime, Statistics Netherlands is set to release consumer spending and unemployment figures. The jobless rate is seen at 8.7 percent in October. At 4.00 am ET, Eurozone PMI is due. The composite index is forecast to edge up

RTTNews Forex Top Story November 14, 2013: German Growth Slows In Q3; French Economy Shrinks Unexpectedly

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Forex Top Story German Growth Slows In Q3; French Economy Shrinks Unexpectedly Germany's economic growth decelerated in the third quarter as exports turned less dynamic, while the French economy contracted unexpectedly damping hopes for a strong recovery in the larger currency bloc, preliminary data showed Thursday. The German economic growth came in line with expectations, at 0.3 percent quarter-on-quarter, but down from 0.7 percent in the second quarter, Destatis said. European Economics Preview: Eurozone GDP Data Due Quarterly national accounts from major European economies are due on Thursday, headlining a busy day for the European economic news. Bank Of Korea Keeps Benchmark At 2.50% The Bank of Korea's monetary policy board on Thursday voted to hold the nation's benchmark interest rate at 2.50 percent - unchanged and in line with expectations. The BoK had trimmed rates by 25 basis points in May, from 2.75 percent to 2.50 perce

RTTNews Forex Top Story November 13, 2013: BoE Sees Rapid Fall In Unemployment Rate; Upbeat On Economy.

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  Forex Top Story BoE Sees Rapid Fall In Unemployment Rate; Upbeat On Economy Bank of England Governor Mark Carney said the U.K. unemployment rate is likely to reach the threshold more rapidly than expected in the light of a strong economic recovery, which has added to market expectations of an early interest rate hike. Nonetheless, he emphasized that the fall in jobless rate to 7 percent will not trigger an automatic rate revision. U.K. Jobless Rate Falls To Lowest Since 2009 Unemployment rate in the U.K. declined to its lowest level in more than four years in the July-September period, raising prospects that the Bank of England may bring forward the timing of its future interest rate hike. Data from the Office for National Statistics showed on Wednesday that the ILO unemployment rate fell to 7.6 percent in July-September from 7.7 percent. China Third Plenum Pledges More "Decisive Role" For Markets China's Communist Party agreed

RTTNews Forex Top Story November 7, 2013: Spanish Industrial Production Rises For First Time In 30 Months

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Forex Top Story Spanish Industrial Production Rises For First Time In 30 Months Spanish industrial production bounced back in September, ending 29 months of successive declines as the economy emerged from a prolonged recession in the third quarter, data from the statistical office INE revealed Thursday. On a calendar adjusted basis, production grew 1.4 percent year-on-year, following a 2.1 percent decline in the previous month. This was the first increase since early 2011. ECB To Hold Fire Amid Rate Cut Speculation Despite rising pressure to cut interest rates, the European Central Bank is likely to leave rates unchanged on Thursday as it waits to see if the deflationary tendencies are sustained. The Governing Council, led by ECB President Mario Draghi, is expected keep the main refinancing rate steady for the fifth consecutive month at a record low 0.50 percent. The decision will be announced at 7.45 am ET. Bank Of England To Sit Tight On Policy