EZ Industrial Production came in at -0.9%, weaker than the 0.4% expected.
Flash GDP q/q came in at 0.4%, weaker than the 0.5% expected.
No real market effect upon release of data as Eur/Usd continues to trade either side of 1.3630.
German Preliminary GDP:
Written by Vincent Facchino .
German Preliminary GDP q/q came in at 0.7%, weaker than the 0.8% expected and prior reading of 2.3%.
Eur/Usd took a hit on heels of release with the pair trading down to 1.3585.
12-11-2010 Economic Calendar:
Written by Vincent Facchino .
Lockhart on the wires...:
Written by John Teister .
Speaking at an employment conference in Atlanta, the Fed’s Lockhart made the following comments:
* Government should “bring clarity” on regulation.
* Sees “slow slog” for U.S economy.
* Most firms see slow, uneven improvement in the economy.
* Employers see uncertainty on taxes and regulation.
FXDD Webinar Rebroadcast Thursday Nov 11 2010:
Written by Shawn Powell .
Written by Shawn Powell .
Forex Quick: AUD/USD testing session lows:
Written by Shawn Powell .
The AUD/USD is making a second test of the 0.9975 level as seen on the 1 hour chart. If the break fails, the pair may react and push higher to the 200 MA (green line) at 1.0046. If the break is successful, traders may see a test of the 98.93 level which was the near term low made on November 3rd 2010.
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