Forex Trading News

The European Commission has increased its estimate for economic expansion in the European Union in 2010. This increment is the result of the strong growth from April through June. The executive body of the EU now forecasts economic growth of 1.8% in the EU this year. Previously it forecasted a 1% growth rate for 2010. The commission estimates that

Confidence among Australian companies seems to improve as job adds rose 2.6% in August. In comparison to the same period in 2009, job advertisements increased by 36%, according to a report. The ANZ job advertisements index measures the total number of job advertisements

Confidence among UK companies has decreased due to planned tax hikes and the looming expenditure review, according to ICAEW and Grant Thornton. Companies posted improved profit and turnover figures in the second quarter. They expect to increase capital investments and to raise research and development budgets in the next twelve months.

The US government revealed that the consumer price index (CPI) surged last month due to increased energy prices. Month-over-month, prices rose for the first time in four months. The key index of consumer prices increased 1.2% over the past year, boosted by a 5.2% rise in

German exports surged in June faster than previously thought. This is another evidence that the German economy is recovering. Exports rose by 3.8% in contrast to May and surged 29% in the yearly comparison, the Federal Statistical Office of Germany reported. Investors forecast that the strong data indicate that the German economy expanded at

UK manufacturing output expanded last month, while the euro area woes affected exports. The Markit/ Chartered Institute of Purchasing and Supply (CIPS) manufacturing PMI dropped to 57.3 in July from 57.6 in the previous month. This reading exceeds expectations of 57 and approaches the highest level in 15 years, posted last May. Nevertheless, exports orders dropped to 50.8 from 51.8. Some market watchers fear that this is an alarming trend and could mean that export growth has slowed down.

Japanese exports surged in June but the increase was less than in the previous period. This resulted in speculations about the strength of the recovery. Japan’s finance ministry reported that exports rose by 27.7% to €52 trillion. Nevertheless, analysts stated that exports would continue to lose pace in the next months. The higher rate of the Yen would affect Japan’s exports in the coming months.

The British economy expanded by 0.3% in the first quarter of 2010, according to the most recent official data. The corrected gross domestic product figures match the revised data provided by the Office for National Statistics (ONS) in June. The release of the data concerning the

Growth in European services and manufacturing industries lost pace last month. It was the second month of growth deceleration. This second slowdown raises speculations that the recovery is weakening. A combined indicator based on an inquiry of eurozone purchasing managers in both industries dropped from 56.4 in May to 56 in June. Markit Economics revealed these figures today. The reading approaches last month’s forecast.

Many criticisers claim that China stimulates its exports by keeping the exchange rate of the Yuan low. China has set the rate of the Yuan at the highest levels in five years. Earlier, Beijing stated that it would allow the currency more flexibility. The decision comes after the G20 meeting in Canada last weekend.

The recovery of the Irish economy in the first six months of 2010 has exceeded economists’ forecasts, according to a report by Bloxham Stockbrokers. The independent stockbroker stated that the Irish economy has found its path out of recession. However, the situation remains difficult for the Irish economy.

The UK budget gap is expected to decline more than the previous estimations showed. The economy expands less than the preceding government predictions. These latest forecasts are provided by the Office for Budget Responsibility (OBR). Britain’s budget deficit declines from €187 billion this fiscal year to €86 billion in April 2015, the OBR reports. This means a €27 billion improvement in comparison