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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Recap6

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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.

Employment

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.

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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.

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