| Dollar Up Slightly - Breakout Warnings Abound? (Daily FX) The EURUSD is in a congestive state that will eventually break. Evidence warns of a sharp dollar advance, so the break could very well be lower. Evidence includes GBPUSD trendline resistance and signs of a top in the AUDUSD. us.rd.yahoo.com |
Rocketing exchange rate not all bad for exporters It might be cold comfort to exporters looking at a resurgent kiwi dollar right now, but research by Westpac economists shows the exchange rate over time has done more buffering than buffeting for commodity producers.The New Zealand... nzherald.co.nz |
At Asian forum, China pledges domestic-led growth (AP) China pledged Friday to wean itself away from export-driven growth as Asian-Pacific business and government leaders reaffirmed their commitment to the open trade and measured stimulus they say is necessary to assure a global economic recovery. us.rd.yahoo.com |
U.K. Manufacturing and Industrial Outputs Disappoint, Industrial Orders Hit 9-Month High (Daily FX) U.K. manufacturing production for October crossed the wires weaker than expected, with outputs hold flat during the month after rising a revised 1.3% in September, with economists’ expectations of 0.5%, providing a reading that the economy may have shaken off the longest recession on record but at a slow pace. us.rd.yahoo.com |
Gas prices slow to follow oil lower (AP) When oil prices jumped last month, retail prices were slow to follow. Now that crude prices are tumbling, the same thing is happening in the opposite direction. us.rd.yahoo.com |