Increase | Forex Blog

April 21, 2010

UK Unemployment at 11.2%

Filed under: OANDA News — Tags: 15-year-high, a-15-year-high, a-long-way, but-according, central bank watch, colin-ellis, forex round up, growing-concern, increase, inflation-and, monetary-policy, not-currently, the-meeting, the-unemployed, three-months — admin @ 8:05 am

UK unemployment touched a 15-year high in February, with 2.5 million unemployed. The ranks of the unemployed increased by more than 43,000 in the the three months ending in February. Despite the increase in unemployed, the number of people claiming benefits fell by nearly 33,000, but according to analysts, this is due to individuals enrolled in new training programs.

“With private sector job creation still a long way off, the risk is that, while these students do not currently boost measured unemployment, trouble is just being stored up for further down the line,” noted Colin Ellis, European economist at Daiwa Capital Markets.

Source: BBC News

Comments (0)

April 15, 2010

US Jobless Claims Rise for Second Straight Week

Filed under: OANDA News — Tags: announced-today, are-partly, benefits-rose, but-delayed, easter, finally-seeing, increase, other-seasonal, realty, recovery, seasonal, the-previous, were-processed — admin @ 6:59 am

The US Labor Department announced today that the number of new claimants for unemployment benefits rose for the second straight week. 484,000 new benefits requests were processed for last week – an increase of 24,000 over the previous week.

The results indicate that employment continues to lag the recovery, but a government official suggested that the Easter weekend and other seasonal adjustments are partly responsible for the increase.

Source: Associated Press

Comments (0)

April 8, 2010

Borrowing Costs for Greek Government on the Rise

Filed under: OANDA News — Tags: bbc, demand-higher, economy, election-on-may, eur, eurozone, government, greece, higher-costs, impact-and, increase, more-difficult, nation, over-the-level — admin @ 7:06 am

Investors continue to demand higher interest on Greek government bonds as fears grow that Greece could default on its debt obligations. The spread between Greek government bonds and German government bonds, which have the lowest rate in the Eurozone, widens with every bond offering.

While the increase in the bond spreads has made it more difficult for Greece to borrow money, so far, the government has managed to acquire the funds it needs to meet operational costs. Analysts suggest however, that the higher costs will add to Greece’s difficulties and this will lead to a further deterioration of Greece’s finances.

Source: BBC News

Comments (0)

March 16, 2010

Canadian Factory Sales Jump 2.4%

Filed under: OANDA News — Tags: a-2-4-percent, cad, fifth, fifth-straight, forex round up, global-demand, increase, marked, marked-the-fifth, monthly-sales, previous, primary-metals- — admin @ 7:26 am

Canadian manufacturers enjoyed a 2.4 percent increase in sales in January when compared to the previous month. This marked the fifth straight increase in monthly sales and is tied closely to the increase in global demand for Canadian primary metals.

Source: Reuters

Comments (0)

EU Reveals Plan to Rescue Greece and Protect Euro

Filed under: OANDA News — Tags: action-which, clarified-the, claude-juncker, combined, from-providing, global-demand, increase, marked-the-fifth, monthly-sales, official, primary-metals-, prime-minister, tax-increases, technical, weighing-the — admin @ 7:22 am

While weighing the need to protect the currency against the official position that prohibits the EU from providing direct financial aid to individual member-countries, European finance ministers have opted to provide a safety net to Greece. The rescue will come in the form of emergency loans that will only be implemented if the combined €4.8 billion (US$6.6 billion) in tax increases and spending cuts Greece has already planned, fails to avoid the country’s collapse.

“We clarified the technical arrangements that would enable us to take coordinated action which could be swiftly put into place in the event it is necessary,” Luxembourg Prime Minister Jean-Claude Juncker told reporters late yesterday after leading a meeting of euro-area finance officials in Brussels.

Source: Bloomberg

Comments (0)

February 23, 2010

House Prices Rise in December

Filed under: OANDA News — Tags: advisors-inc-, availability, force-behind, improving-and, increase, increases-are, naroff-economic, report, seventh, the-increase, usd, valuation — admin @ 7:21 am

The S&P / Case-Schiller home index report showed that home prices in 20 US cities rose for the seventh consecutive month in December. The increase was 0.3 percent over the November result but still down 3.1 percent from December 2008.

Analysts pointed to the availability of government credits as well as lower values as the driving force behind the increase. As employment increases, further valuation increases are expected.

“Housing markets are improving and that should continue to be the case going forward,” Joel Naroff, president of Naroff Economic Advisors Inc. in Holland, Pennsylvania, said before the report. “Prices in most metropolitan areas are likely to slowly but steadily increase.”

Source: Bloomberg

Comments (0)

January 28, 2010

US Durable Goods Beats Expectations

Filed under: OANDA News — Tags: forex round up, increase, inventories, labor, more-confident, outlook, outlook-and, the-increase, the-recession — admin @ 7:07 am

Orders for durable goods – products with a lifespan of three or more years – rose more than predicted in December providing further evidence that growth is slowly returning to the US economy. Part of the increase can be attributed to companies rebuilding their inventories and returning to planned capital projects that were put on hold during the recession.

“Businesses are becoming more confident about the outlook and starting to invest in their expansion,” noted Zach Pandl, an economist at Nomura International Securities Inc. in New York. “If capital spending starts, a pickup in hiring is not far behind.”

Source: Bloomberg

Comments (0)

January 26, 2010

German Business Confidence on the Rise

Filed under: OANDA News — Tags: a-strong-rise, analyst-with, eur, forex round up, german, ideal-result, increase, month, postbank, rising-further, strong-rise, the-increase, the-month — admin @ 6:59 am

The Ifo Business Climate Index which measures German business confidence, rose to its highest level in 18 months, rising to 95.8 in January from 94.6 the month before. Heinrich Bayer – an analyst with Postbank – noted that the increase was a “pleasant surprise”.

“There was a strong rise in expectations. It really is an ideal result, to have both index components rising further and expectations being significantly above expectations. It points to significant growth potential for the economy.”

BBC News

Comments (0)

UK Breaks Recession With First Growth in Year and a Half

Filed under: OANDA News — Tags: 0-1-percent, a-strong-rise, analyst-with, expected-and, forex round up, increase, positive, postbank, pound, rising-further, strong-rise, the-positive, the-pound- — admin @ 6:55 am

After six straight quarters of negative growth, Britain’s economy recorded a marginal growth of 0.1 percent in the 4th quarter of 2009. Despite the positive return, the actual result was less than expected and was seen by currency traders as a negative for the value of the pound.

BBC News

Comments (0)

January 11, 2010

German Exports Beat Forecasts

Filed under: OANDA News — Tags: 101-billion, 70-6-billion, china, for-another, for-the, futures-as-markets, increase, increase-coming, markets-prepare, the-increase, total-exports-, year-with — admin @ 7:39 am

Germany’s exports for November marked the third consecutive increase coming in at a seasonally-adjusted 70.6 billion euros (US$101 billion). Despite the increase, China claimed the title of world’s largest exporter for the year with US$1.2 trillion in total exports.

BBC News

Comments (0)

« Newer Posts — Older Posts »