Housing Corporation at 184K units

Wednesday, 8 June 2011 03:43

Canada’s awaited Mortgage and Housing Corporation news release came out just minutes ago. Housing Starts was released at 184,000 for May, up from April’s roughly 179,000 units. The announcement for Canada was in line with expectations, which run at 184,000 units too.

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German Industrial Output falls unexpectedly

Wednesday, 8 June 2011 02:26

As the Euro opened high at 1.4693 against the U.S Dollar; a volatile nature was observed throughout the day as the pair jumped from the opening high to 1.4650 before gaining again to 1.4570; only to fall again after euro nation news that Germany’s Industrial Output was released lower than expected. EUR/USD fell to 1.4622 shortly after the announcement.

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Swiss Consumer Price Index weaker

Tuesday, 7 June 2011 11:54

Swiss CPI was released earlier today, marking a steady 0.0% as expected but lower than the previous month’s 0.1% rise.

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England’s House Prices drops

Tuesday, 7 June 2011 11:20

House Prices by Halifax Bank of Scotland were released earlier today, with worse than expected results. HPI was released at 0.1%, when annoucement was expected at 0.4%. House Price Index continues to drop, as previous value released was a 1.4% decline.

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RBA keeps Interest Rates steady

Tuesday, 7 June 2011 09:24

Reserve Bank of Australia held an interview meeting earlier this morning; Glenn Stevens, Governor, discussed the views on Interest Rates only to keep them steady at 4.75%. This was expected as no rush of an Interest Rate hike was imminent

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