U.S Durable Goods at 1.9%

Friday, 24 June 2011 04:44

U.S Durable Goods unexpectedly rose more than predicted in May to 1.9% as the U.S economy Gross Domestic Product grew this quarter.

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Euro boosting after German Ifo

Friday, 24 June 2011 11:58

The Euro spiraled downwards after its highs at the 1.44 line earlier this week, to go back to its 1.4200 trading. German Ifo rose to 114.5 in June unexpectedly from 114.2 in May.

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Sterling drops against most major currencies

Wednesday, 22 June 2011 12:33

Minutes of the Monetary Policy Committee meeting from the 8th and the 9th of June were announced minutes ago. Bank Rate was decided it should be maintained at 0.5%.

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Greece’s victory over Confidence Vote

Wednesday, 22 June 2011 11:12

Greece’s crucial Confidence Vote was announced last night, late European hours. Greece’s government survived the confidence vote; important to avoiding a Greek default.

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U.S Dollar gains

Tuesday, 21 June 2011 05:32

U.S Home Resales declined in May with 4.81 million rather than April’s annualized 5 million Existing Homes Sold. Although May’s figure was disappointing compared to previous release; Home Resales didn’t do all that bad as May’s 4.81 million was very close to economists prediction.

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