FOREX DAILY NEWS
Economic News Jan. 27, 2012
Greece Debt Talks To Continue On Friday
Talks between Athens and its private sector bondholders will continue on Friday to reach a deal on restructuring the country's debt, which is a pre-condition for securing more aid from its international creditors ahead of March, when it must repay EUR 14.5 billion of maturing debt. (Jan 27, 2012) Full Article
Singapore House Price Growth Eases In Q4
Singapore's private house price growth slowed for the ninth straight quarter, the Urban Redevelopment Authority said in a report on Friday. (Jan 27, 2012) Full Article
German Import Price Inflation Eases Sharply In December
Germany's import price inflation eased sharply and for a third consecutive month in December, data from the Federal Statistical Office showed Friday. (Jan 27, 2012) Full Article
Europe Commercial Vehicle Sales Increase In December: ACEA
European new commercial vehicle registrations grew 7.5 percent on a yearly basis in December, data from the European Automobile Manufacturers' Association (ACEA) showed Friday. (Jan 27, 2012) Full Article
Eurozone M3 Growth Slows Unexpectedly In December
Eurozone money supply growth eased unexpectedly in December, the European Central Bank said Friday. (Jan 27, 2012) Full Article
Italy Raises Maximum EUR 11 Bln At T-Bill Auction
Italy successfully issued EUR 11 billion of treasury bills on Friday, meeting the maximum target. (Jan 27, 2012) Full Article
U.S. GDP Up 2.8% In Fourth Quarter, Lower Than Expected
The U.S. economy continued to gain steam in the fourth quarter of 2011 but failed to reach the expansion most economists had predicted. The 2.8 percent growth for the final quarter of 2011 reported by the Commerce Department Friday was markedly higher than the 1.8 percent growth posted for the third quarter. (Jan 27, 2012) Full Article
Forex Top Story
BoJ Minutes: Further Steps May Be Needed To Aid Economic Recovery
The members of the monetary policy board of the Bank of Japan determined that the steps taken by the bank to battle the current economic slowdown have been effective - although they haven't ruled out additional measures should the need arise, minutes from the board's meeting on December 20 and 21 revealed on Friday. (Jan 27, 2012) Full Article
New Zealand Trade Balance Moves To Surplus In December
New Zealand unexpectedly posted its first trade surplus in five months in December as exports of milk powder, butter, and cheese reached record high, data from Statistics New Zealand showed Friday. (Jan 27, 2012) Full Article
Commodities
Gold Slips From 6-week High In Asian Trading
The price of gold slipped from its 6-week high in Asian trading Friday as the U.S. dollar halted its slide. (Jan 27, 2012) Full Article
Crude Steady Near $100 In Asian Session
The price of crude oil was steady near the $100-mark in Asian session Friday amid a flat U.S. dollar. (Jan 27, 2012) Full Article
Political News
Ahmadinejad Says Iran Does Not Need To Sell Oil To Europe
Iranian President Mahmoud Ahmadinejad has said that his country does not need to sell its oil to European countries, and warned that sanctions cannot stop Iran's progress. (Jan 27, 2012) Full Article
US Urges Iran To Protect Citizens' Rights
The United States has urged Iran to respond to international calls to protect the rights of its citizens, cooperate with U.N. Special Rapporteur Ahmed Shaheed and allow him to enter the country to conduct his work. (Jan 27, 2012) Full Article
Analyst Currency Comments
British Economy Set To Contract Further In Q1: IHS Global Insight
The sharp deterioration in consumer spending, evidenced by the disappointing distributive trades' survey from the Confederation of British Industry, indicates that the British economy is set to contract further in the first quarter, Howard Archer, chief U.K. and European economist at IHS Global Insight, said in a note Thursday. (Jan 27, 2012) Full Article
Currency Alerts
During early Asian deals on Friday, the yen strengthened against other major currencies (Jan 27, 2012) Full Article
Dollar Slides As Greece Nears Sovereign Debt Deal
The dollar was back on defense Friday morning, hurt by talk that Greece was close to a deal on a voluntary restructuring of its sovereign debt. (Jan 27, 2012) Full Article
General News
Heart Drug Deaths In Pakistan Mount To 100
At least 100 people have died in Pakistan's second largest city Lahore after taking contaminated drugs supplied from a government-run hospital, media reports said on Friday. (Jan 27, 2012) Full Article
Pentagon: US Military To Reduce Ground Forces By 100,000
The United States plans to cut the strength of its ground forces by 100,000 to achieve its long-term goal of making its military "smaller and leaner," Defense Secretary Leon Panetta announced on Thursday while unveiling a preview of Pentagon's 2013 budget requests. (Jan 27, 2012) Full Article
Reports: PNG Rebel Soldiers Seek Pardon After Failed Mutiny
A band of some 20 Papua New Guinea soldiers who staged a botched mutiny on Thursday is demanding a full pardon for their action, Australian media reports citing unnamed PNG security officials claimed on Friday. (Jan 27, 2012) Full Article
Bribe In Russia Tripled In 2011
Size of the average bribe in Russia more than tripled in 2011, according to its Interior Ministry. (Jan 27, 2012) Full Article
| Last | Change | % Chg | |
| DJIA* | 12734.63 | -22.33 | -0.18 |
| Nasdaq* | 2805.28 | -13.03 | -0.46 |
| S&P 500* | 1318.45 | -7.60 | -0.57 |
| DJ Total Stock Market* | 13816.27 | -76.77 | -0.55 |
| Russell 2000* | 792.91 | -2.73 | -0.34 |
Source: The wall Street Journal*
*Dow Jones stock indexes are updated in real-time. Source: Dow Jones & Co.
ASX
CBOE
Chicago Board of Trade
CBOT
CME
DCE
FFAJ
HKEx
KANEX
Korea Exchange
KRX
NYSE Liffe
SHFE
TAIFEX
TGE
TOCOM
TSE
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.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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.
