Month: November 2013

Forex News: Recap of the Week

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– Swiss Employment level at 4.2 million
– BBA Mortgage Approvals at 42.8K
– Japan CSPI rises 0.8% in October
– Italian Consumer Confidence rises 98.3

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Japanese Housing Starts

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Japanese Housing starts decline less than expected.
Japanese Housing starts rose to an annualized 1.027 million units in May 2013 , matching October 2008
Tips: Housing starts is an economic indicator that reflects the number of privately owned new houses on which construction has been started in a given period.

Italian Business Confidence rises to 98.1

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Italian Business Confidence rose to 98.1 (forecast at 97.5) compared to 97.4 in the previous month according to offcial data released on Thursday.


Eurozone M3 Money Supply falls in October

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Eurozone M3 Money Supply falls to 1.4% in October (forecast 1.9%) compared to 2.0% in the previous month according to official data released on Thursday.

German Unemployment Rate remains unchanged at 6.9%

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The Unemployment rate in Germany remains unchanged at 6.9% in November compared to 6.9% in the previous month according to offcial data released on Thursday.

The number of people unemployed in Germany rose by 10,000 in November.


Dubai Wins Right to Host World Expo 2020

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UAE beat the competition including heavyweights Russia and Turkey to grab the rights to host Expo 2020.

Dubai’s economy is set to receive an added value boost of roughly €17.7 billion, estimates 25 million visitors to arrive in the country thus influencing tourism, trade, infrastructure and investment. A total of 270,000 jobs will also be conceived to cater to an expanded economy.


German Import Price Index falls -0.7%

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German Import price index falls to -0.7% more than forecast -0.5%, prior at 0.0%


New Zealand ANZ Business Confidence rises in November

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Business Confidence in New Zealand rose to 60.5% in November compared to 53.2% in October according to data released on Thursday.

China Industrial Profits YTD at 13.7%

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China industrial profits YTD for January-October Y/Y at 13.7% in October compared to 13.5% in the previous month.