Forex News and Rumors

German Unemployment Falls Unexpectedly

German unemployment unexpectedly fell for the first time in nine months in July, aided by government measures ahead of September’s federal election.

Adjusted for seasonal swings, unemployment fell in July by 6,000 month-on-month, giving a jobless rate of 8.3 percent, Federal Labour Office data showed on Thursday. More

Japan factory output rises again

Japan’s factory output rose for the fourth straight month in June, up 2.4% from May, as the manufacturing sector continued to recover. More

Poland Lures Putnam as Zloty Leads Emerging Markets

Five months after investors fled Poland on concern eastern Europe was headed for a banking crisis, money is flooding back to one of the few countries to escape the global recession. More

Stock index futures point to higher open

Stock index futures pointed to a higher open for U.S. shares on Thursday, ahead of the latest batch of corporate earnings as the current reporting season reaches its peak.

At 5.24 a.m. ET, futures for the Dow Jones, S&P 500 and Nasdaq were up between 0.6 and 0.7 percent. More

Shell unveils 70% drop in profits

The Anglo-Dutch company’s profit for the second quarter of 2009 totalled $2.3bn (£1.4bn).

Its results come two days after rival BP saw its profits for the same period fall 53%, again due to oil price falls. More

Senate probes Goldman, Deutsche: report

Goldman Sachs Group Inc and Deutsche Bank AG were issued subpoenas by a U.S. Senate panel looking for evidence of fraud in the 2008 mortgage-market meltdown, the Wall Street Journal said, citing people familiar with the matter. More

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza