- MarketPulse - https://www.marketpulse.com -

Forex News and Rumors

EU Unveils its own Economic Recovery Plan

The European Commission [1] announced a €200 billion economic recovery plan with a goal to boost consumer confidence and encourage spending. More [2]

US Durable Goods Falls 6.2%

The US Commerce Department announced that orders for durable goods fell by 6.2 percent for the month of October – the largest single-month drop in two years. A dramatic reduction in new car and airplane orders accounted for much of the decrease. More [3]

Russia Threatens to Reduce Oil Production

Oil prices appear to be moving up as Russian energy minister Sergei Shmatko suggests that Russia – although not a member of OPEC [4] – may join the oil cartel should OPEC decide at this week’s meeting to scale back production in a bid to boost slumping prices. More [5]

UK Economy Shrinks by 0.5%

The UK economy contracted by 0.5 percent between July and September and household spending slowed by 0.2 percent. This represents the largest fall in household spending since 1995. More [6]

Pound Falls Against the Dollar as UK Spending Slows

The pound fell against the dollar as news of a pullback in UK consumer spending and a weaker British economy have investors selling the pound. More [7]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd
Scott Boyd

Latest posts by Scott Boyd (see all [10])

Article printed from MarketPulse: https://www.marketpulse.com

URL to article: https://www.marketpulse.com/20081126/forex-news-and-rumors-26/

URLs in this post:

[1] European Commission: http://www.fxpedia.com/European_Central_Bank#The_European_Commission

[2] More: http://news.bbc.co.uk/2/hi/business/7749382.stm

[3] More: http://news.yahoo.com/s/ap/20081126/ap_on_bi_go_ec_fi/durable_goods;_ylt=AmxOXR2PAA.06_vK2679UM.yBhIF

[4] OPEC: http://www.fxpedia.com/Opec

[5] Morehttp://news.bbc.co.uk/2/hi/business/7749582.stm

[6] More: http://business.timesonline.co.uk/tol/business/economics/article5236433.ece

[7] More: http://www.bloomberg.com/apps/news?pid=20601083&sid=aBmKU2HNUnyI&refer=currency

[8] Bio: #ts-fab-bio-below-394

[9] Latest Posts: #ts-fab-latest-posts-below-394

[10] Scott Boyd: https://www.marketpulse.com/author/scott/

[11] Japan’s Demographic Trap: https://www.marketpulse.com/20120625/japans-demographic-trap/

[12] Officials Talk Openly of Greek Euro Exit: https://www.marketpulse.com/20120516/officials-talk-openly-of-greek-euro-exit/

[13] Greek Voters Prepare to Roll the Dice: https://www.marketpulse.com/20120515/greek-voters-prepare-to-roll-the-dice/

Copyright © 2013 fxworld. All rights reserved.