Forex news5su5435

50 cents

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Quisque sed felis. Aliquam sit amet felis. Mauris semper, velit semper laoreet dictum, quam diam dictum urna, nec placerat elit nisl in quam. Etiam augue pede, molestie eget, rhoncus at, convallis ut, eros. Aliquam pharetra. Nulla in tellus eget odio sagittis blandit. Maecenas at nisl. Nullam lorem mi, eleifend a, fringilla vel, semper at, ligula. Mauris eu wisi. Ut ante dui, aliquet nec, congue non, accumsan sit amet, lectus. Mauris et mauris. Duis sed massa id mauris pretium venenatis. Suspendisse cursus velit vel ligula. Mauris elit. Donec neque. Phasellus nec sapien quis pede facilisis suscipit. Aenean quis risus sit amet eros volutpat ullamcorper. Ut a mi. Etiam nulla. Mauris interdum.  Read More →

Remedy Games

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Quisque sed felis. Aliquam sit amet felis. Mauris semper, velit semper laoreet dictum, quam diam dictum urna, nec placerat elit nisl in quam. Etiam augue pede, molestie eget, rhoncus at, convallis ut, eros. Aliquam pharetra. Nulla in tellus eget odio sagittis blandit. Maecenas at nisl. Nullam lorem mi, eleifend a, fringilla vel, semper at, ligula. Mauris eu wisi. Ut ante dui, aliquet nec, congue non, accumsan sit amet, lectus. Mauris et mauris. Duis sed massa id mauris pretium venenatis. Suspendisse cursus velit vel ligula. Mauris elit. Donec neque. Phasellus nec sapien quis pede facilisis suscipit. Aenean quis risus sit amet eros volutpat ullamcorper. Ut a mi. Etiam nulla. Mauris interdum.  Read More →

US Government Narrowly Avoids a Shutdown

Posted by admin On 7:50 PM
By: Saxo Bank The dollar continued to slide on Friday though a last minute deal on the U.S. budget preventing a U.S. government shutdown slowed the fall. Earlier, EURUSD was encouraged through 1.44 as Spain’s economics minister said a bailout was out of the question, while ECB’s Bonello commented that last Thursday’s rate hike would not make a great difference to Portugal. There was also talk that higher crude prices were leading to some petro-states recycling some of their USD income into EURs. GBP firmed as U.K. PPI came in dramatically above forecast (not what the Bank of England wants to hear) but gains were curtailed as a U.K. bank scaled back rate hike expectations.

For the North American session, eyes were all on budget negotiations and data releases were only second tier so relative yields played a large part in cementing direction. For the record, U.S. wholesale inventories came in as expected, up 1.0% and unchanged from a revised previous figure. Wall St finished the week on a soft note resulting in an almost flat performance on the week. Canada’s employment data was mixed with a drop in unemployment mostly as a result of a fall in the participation rate while headline employment change looked on the soft side but masked a strong increase in full-time jobs.

It is a slow start to the week on the data front in Asia and the session was spent consolidating the gains made against the U.S. dollar on Friday. News that the U.S. government narrowly avoided a shutdown had little noticeable effect. In weekend events, we have seen an escalation in tensions in the Middle East with protestors killed in Yemen, Syria and Egypt but the only impact was felt in oil markets.

China released trade data for March during the weekend and printed a small trade surplus, +$0.14 bln, which was a big surprise considering consensus was for a deficit of $3.35 bln. While March data shows a strong rebound from February’s $7.3 bln deficit, it still meant that in Q1 China recorded its first quarterly deficit in 7 years (-$1.02 bln). Has it helped global imbalances?

The European session is also relatively mundane on the data front with CPI data from Denmark and Norway and industrial production from France and Italy featured. There are no data releases for North America but we have speeches from the Federal Reserve’s Dudley and Yellen and the European Central Bank’s Weber.

http://www.dailyforex.com/forex-fundamental-analysis/2011/04/US-Government-Narrowly-Avoids-a-Shutdown/7656

1 Response to 'US Government Narrowly Avoids a Shutdown'

  1. Blogger Said,

    eToro is the most recommended forex broker for newbie and advanced traders.

     

Post a Comment

Pip Caculator

Forex Chart

Exchange Rates

Recent post

Blog Archive

Popular Posts

Forex Articles

Market Overview