Risk assets are firmer on better-than-expected manufacturing data from China, Germany and the UK.
German and Chinese factory data boost stocks
Source: www.ft.com
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UK April house prices rose +1.1%
The Department for Communities and Local Government reports that UK house prices rose +1.1% in April, fell -13.0% y/y. The annual decline is down from the 13.6% seen in March. The average house priceĀ in the UK is now...
Spanish non-performing loans will continue to rise- EcoMin
Spanish economy minister Salgado says that non-performing loans at Spanish banks will continue to rise into next year. Spain is the epicenter of the housing bust in Europe, suffering over-building only seen in places like Las Vegas and Miami in the US. EUR/USD trades at 1.3780, up from 1.3757...
FOREX-Dollar up sharply, helped by Kudrin comments
By Jessica Mortimer LONDON, June 15 (Reuters) - The dollar rose broadly on Monday, boosted by comments from Russia's finance minister on the US currency and ... See all stories on this...
Danica has been upgraded to v1.3
This upgrade is affecting the way forecasts are generated, in certain situations. In the previous versions, when the predicted close comes out to be above the predicted high, the system would not touch the high, but instead would adjust the close so that the adjusted close is half way between the...
The Greenback Awaits the Release of the Nonfarm Payrolls
Today’s U.S. NonFarm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as European Central Bank Chairman Jean-Claude Trichet’s speech at 7:50...