Daily Forex News

Get Fresh Forex News Everyday

Archive for August, 2011

Solid Jobs Data Gives Wall Street Another Winning Session

Posted by admin On August - 31 - 2011

By David Becker (eToro Blog) U.S. equities ended Wednesday’s choppy session higher with a late upside push turning back bears that attempted an afternoon downside reversal.  Solid private employment numbers allowed the S&P 500 and the Dow Jones industrial average each to climb 0.5%, while the Nasdaq edged up 0.1%.  The markets stood well off [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

Australian Retail Sales Growth puts AUD/USD Back on Track

Posted by admin On August - 31 - 2011

By W+W Research (eToro Blog) Retail sales in Australia increased 0.5% in July, higher than analyst expectations of 0.3%. This was the first rise in 3 months. Retail sales declined by 0.1% in June 2011 and fell 0.6% in May 2011. The sectors that that had the most growth were food, household goods and restaurant [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

Robert Shiller: U.S. Home Prices Are ”Dead In The Water”

Posted by admin On August - 31 - 2011

By Scott Rubin Benzinga Staff Writer Case-Shiller Index co-author Robert Shiller spoke with FOX Business Network’s (FBN) Dagen McDowell about United States home prices which slipped in June 0.1%. Shiller said home prices “could fall another 10-20% before it’s over” but right now are “not doing anything. Dead in the water.” He went on to [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

By Barbara Zigah (eToro Blog) Markets have come to expect that Wednesday mornings are when the Swiss National Bank will make its intentions known. Well, Wednesday morning has come and gone in Switzerland and most of Europe, and the Swiss central bank did nothing – no announcement, no threat, no intervention. And with the SNB [...]

This news item was republished from eToro Forex news website

Popularity: 1% [?]

Dow Set to Rally on Back of Overseas Markets

Posted by admin On August - 31 - 2011

By W+W Research (eToro Blog) The ADP employment data was reported this morning with a gain of 91,000 jobs in the month of August. The number came below analyst expectations of 102,000 jobs. The ADP employment data is used by many traders as a gauge of for the U.S. government non farm payrolls data that [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

By Barbara Zigah (eToro Blog) “Nobody’s perfect.” “We all make mistakes.” “Oops!” Pimco’s Bill Gross must be hearing an awful lot of those homespun epitaphs, in response to his admission that he made a mistake by underestimating the U.S. Treasury market. Earlier this year, in a well-publicized move, Bill Gross announced that Pimco’s Total Return [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

More Disappointing German Data Could Give Investors Shivers

Posted by admin On August - 31 - 2011

By Barbara Zigah (eToro Blog) It seems that July has been a tough month for the German economy, with the most recent data reporting slowing growth, and a downturn in confidence levels among industry, consumers and investors alike. On this, the last day of August comes still more disappointing economic news. Germany’s statistics office earlier [...]

This news item was republished from eToro Forex news website

Popularity: 1% [?]

Oil Traders Watch the Numbers Like a Hawk for Direction

Posted by admin On August - 30 - 2011

By Dean Peters-Wright (eToro Blog) Oil price is set to be a hot topic this week as speculators and analysts debate on whether the price of oil is going to rise or fall. On the back of fundamental data, economists and traders can generally ascertain the sentiment as to how the economies of the biggest [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

Solid Housing Numbers Improve Wall Street Sentiment

Posted by admin On August - 30 - 2011

By David Becker (eToro Blog) Equity markets in the U.S. consolidated after a surge on Monday, as investors continued to absorb soft confidence data, and a Federal Reverse that is considering pumping more liquidity into the capital markets. Additionally, the Federal Reserve released its minutes from its last policy meeting reflecting a central bank that [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]

The next Japanese Finance Minister holds the key to the Yen

Posted by admin On August - 30 - 2011

By W+W Research (eToro Blog) Japanese industrial production increased by 0.6% in July but the number came below market expectations of 1.6%. The devastating effects of the March 11 earthquake are still being felt in the industrial sector and production has yet to resume to normal levels. The Inventory to shipments ratio increased by 3.9%. [...]

This news item was republished from eToro Forex news website

Popularity: unranked [?]