ECB’s Press release
Friday, 27 May 2011 11:27
Monetary Developments in the Euro Area for April were released just minutes ago. Year on year growth rate of M3 came out lower than expected at 2.0%, decreasing from 2.5% value expected and prior March results of 2.3%.
Annual Private Loans came out lower than expectations. Year on year results were released at 2.6%, while it was forecasted at 2.7%. Although lower than expected, the 2.6% results was a little higher than last year’s 2.5%.
Housing Prices in U.K better than expected, at 0.3%
Friday, 27 May 2011 10:58
United Kingdom released its Housing Prices figures in May, which surprisingly viewed better results than expected; at 0.3%. 0.2% higher than forecasted.
Read MoreU.S Dollar weakens after GDP release
Thursday, 26 May 2011 04:17
The number of individuals who filed for unemployment insurance for the first time during the past week added up to 424,000 people; 21,000 individuals more than expected. Also, this week’s subtotal was 10,000 people more than last week’s total of unemployment claims filed. Forecasted number of individuals expected to file for unemployment was approximately 403,000; while previous results came out at 414,000.
Another news release for the US was the GDP second release, which also disappointed at 1.8% while it was expected to show a 2.2% release. Gross Domestic Product remained the same as the previous GDP release, both at 1.8%.
Slight recovery for Euro after all-time low versus Swiss Franc
Thursday, 26 May 2011 11:35
Yesterday’s Euro session had mixed feelings, trading flat against the Dollar and lower versus the Streling and Swiss Franc. Today’s session seems to be a little brighter for the 17 nation European currency as it’s trading stronger against the Dollar above the 1.40 zone.
Read MoreDurable Goods Orders fall in April
Wednesday, 25 May 2011 04:10
US Durable Goods Orders were released with results further less than expected. Core Durable Goods disappointed at -1.5% while expectations were circulating at 0.7. Durable Goods Orders fell by 1.6% more than foracasted, being released at 3.6% in April from the expected 2.0% and previous 4.1%.
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