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FOREX DAILY NEWS
Economic News May 18, 2012
Japan Will Take Timely Action To Curb Currency Volatility, Azumi Says
Japanese Finance Minister Jun Azumi said Friday that authorities are cautiously monitoring the movement of yen. (May 18, 2012) Full Article
Japan Govt. Upgrades Economic View
Japan's government on Friday raised its economic assessment for the first time in nine months. (May 18, 2012) Full Article
China's Home Prices Drop In April
House prices in China continued its downward trend in April, with 46 out of 70 cities surveyed by the government declining from a year ago. (May 18, 2012) Full Article
German Output Price Inflation Slows To 22-Month Low
Germany's producer price inflation slowed to the lowest level in twenty-two months in April, data released by the Federal Statistical Office showed Friday. (May 18, 2012) Full Article
Italy's March Industrial Orders Grow More Than Expected
Italy's industrial orders grew at a faster than expected pace in March, largely underpinned by robust non-domestic demand, data from the statistical office Istat showed Friday. (May 18, 2012) Full Article
Spanish Trade Deficit Narrows Sharply In March
Spain's merchandise trade deficit decreased significantly in March, as imports weakened compared to last year, date released by the government showed Friday. (May 18, 2012) Full Article
BoE's Posen Says Withdrawal From Seeking More QE Premature: Report
Bank of England policymaker Adam Posen said that he may have been premature in withdrawing his call for more quantitative easing last month. (May 18, 2012) Full Article
Forex Top Story
India's April CPI Inflation Rate Rises To 10.36%
India's annual inflation rate for April, based on the General Consumer Price Index, stood at 10.36 percent, up from the preceding month's 9.38 percent as per the nation-wide retail inflation data released by the Ministry of Statistics & Program Implementation on Friday. (May 18, 2012) Full Article
Political News
Turkish President Assents Bill On Land Sale To Foreigners
Turkish President Abdullah Gul on Thursday gave his assent to a bill adopted by the country's Parliament that seeks to raise the extent of land foreigners can buy in Turkey from 2.5 hectares to 30 hectares. (May 18, 2012) Full Article
AU Envoy In Sudan For Crisis Talks
Head of the African Union High-Level Implementation Panel on Sudan, former South African President Thabo Mbeki, arrived in Khartoum on Thursday to try and persuade Sudan to resume the currently stalled negotiations with South Sudan for resolving their border dispute as well as issues related to oil transit fees and other matters. (May 18, 2012) Full Article
US Hails Progress Made In Drafting Nepal's New Constitution
Turkish President To Attend NATO Summit
A delegation led by President Abdullah Gül will represent Turkey at the NATO Summit opening in Chicago on Sunday. (May 18, 2012) Full Article
China On High Alert Over Disputed Huangyan Island
China will remain on high alert over Huangyan Island after a group of Filipinos reportedly planned to sail to the disputed island in the South China Sea, Foreign Ministry spokesman Hong Lei said in Beijing on Friday. (May 18, 2012) Full Article
Currency Alerts
Australian And NZ Dollars Slide As Eurozone Worries Dampen Risk-appetite
The Australian and New Zealand dollars have extended their previous sessions' steep losses on Friday morning in Asia as investors flee from risk-associated assets on mounting fears about the eurozone economy amid the financial crisis in Greece and Spain. (May 18, 2012) Full Article
Indian Rupee Slumps To New All-time Low Against Dollar
The rupee extended its steep sell-off against the dollar on Friday morning as eurozone debt fears intensified after rating agencies downgraded Greece ratings and Spanish banks. (May 18, 2012) Full Article
Dollar And Yen Extends Rally On Increasing Risk Aversion
The U.S. dollar and the Japanese yen are extending their rally against other major currencies in Asian trading on Friday as risk aversion aggravated after Fitch lowered Greece's credit rating and Moody's Investors Service downgraded 16 Spanish banks. (May 18, 2012) Full Article
General News
Suicide Attack On Afghan Governor's Office Kills 7
At least seven people have been killed and more than 12 injured after group of suicide-bombers armed with automatic weapons and rocket propelled grenades stormed the Governor's office in the western Afghan province of Farah, media reports citing officials said late on Thursday. (May 18, 2012) Full Article
China Jails Smuggling Kingpin Lai Changxing For Life
A Chinese court has jailed former fugitive Lai Changxing for life for running a large-scale smuggling operation that involved bribing hundreds of Chinese officials, state media reported on Friday. (May 18, 2012) Full Article
Japan Successfully Launches South Korean Satellite
Japan successfully launched a South Korean multipurpose satellite into space on Friday, marking the country's entry into the world satellite launch market. (May 18, 2012) Full Article
At Least One Killed In Honduras Prison Riot
At least one person has been killed in fighting between inmates after a riot broke out at a jail in the Honduran city of San Pedro Sula, media reports citing officials said late on Thursday. (May 18, 2012) Full Article
Moderate Quake Hits Central Japan
A moderate earthquake of 4.8 magnitude hit the east coast of Japan's largest island of Honshu on Friday, the U.S. Geological Survey (USGS) reported. (May 18, 2012) Full Article
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News for forex traders
If you're a forex trader, you might be interested in two short video interviews with NFA President Dan Roth. The interviews were conducted by MoneyShow, Inc. MoneyShow produces a wide range of programs, including the Traders Expo, The Forex Trading Expo and The Financial Advisor Symposium. In 2006, MoneyShow launched MoneyShow.com, providing live and on-demand access to presentations featuring advice, strategies, recommendations and education for individual investors, active traders and financial advisors.
In the first interview, "Before You Make a Spot Forex Trade", Mr. Roth explains how the regulations have changed in the forex markets and names key considerations that traders must be aware of. In the second interview, "Before You Start FX Trading", he poses some key questions that beginners must consider before they even open their first trading account.
In related forex news, NFA will again this
year participate in the Forex Trading Expo, held on September 23-25 at
Caesar's Palace in Las Vegas. NFA will sponsor an information booth in
the exhibit hall, where staff will distribute forex education brochures
and discuss how to conduct online background checks of forex firms and
brokers
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher FINANCIAL AND FOREX INFO or FGC FOREX. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the methodologies or systems in this website will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.
