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Industrial output in Euroland rose

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 13 April 2011 05:11

Industrial output in Euroland rose by less than expected in February, manufacturing increased in Germany and resumed growth in other members but fell in bailout strapped Greece and Ireland.

Australian stocks recouped early losses

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 13 April 2011 03:54

Australian stocks recouped early losses and ended 0.3 percent higher Wednesday, with investors taking profits on miners and switching into banks. The benchmark S&P/ASX 200 index gained 12.3 points to close at 4,911.0, according to the latest data

UK jobless data worse than expected

Last Updated on Wednesday, 13 April 2011 03:51 Written by Elena Rajkovic Wednesday, 13 April 2011 03:51

UK jobless claims results were released this morning with an increase in jobless claims by 0.7K, worse than anticipated results; while predicted data was analyzed to be a decline around 3.5K. This caused the British currency to slide lower against the Dollar to a low of 1.6252 , as well as the Euro with the Euro rising to about 0.8920, about 20 pips from the lowest price today.

Oil dropped almost 0.6 % in London trading today

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 13 April 2011 03:04

Oil dropped almost 0.6 % in London trading today as Libyan rebels said they would accept an agreement for leader Muammar Qaddafi to relinquish power.

EuroDollar trading 1.45

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 13 April 2011 01:25

For the second time in as many days the Euro has crossed the 1.45 level, previously 1.45157 was a high and then 1.45152. In both instances the market pulled back immediately under heavy selling pressure.

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