FOREX MARKET UPDATE
Economic News November 23, 2012
France's business confidence improved more than economists expected in November, but the overall industrial economic situation remained negatively oriented, data from statistical office Insee showed Friday. (Nov 23, 2012) Full Article
Taiwan's industrial production rose more than expected in October, data released by the Department of Statistics, under the Ministry of Economics, showed Friday. (Nov 23, 2012) Full Article
Italy's retail sales increased moderately from the previous month in September, data released by statistical office Istat showed Friday. (Nov 23, 2012) Full Article
UK's mortgage approvals increased more than expected in October, data released by the British Bankers' Association (BBA) showed Tuesday. (Nov 23, 2012) Full Article
Standard and Poor's on Friday affirmed France's AA+ rating, citing the governments commitment to budgetary and structural reforms which would improve the country's growth potential. (Nov 23, 2012) Full Article
Forex Top Story
Discord among EU member states on the region's long-term budget is threatening to delay a deal on crucial spending plans for the coming years, deepening the economic crisis that has engulfed most of Europe. (Nov 23, 2012) Full Article
The German economy expanded in the third quarter of 2012 in line with the preliminary estimates, largely supported by foreign demand as well as domestic consumption, a detailed report from the Federal Statistical Office showed Friday. The seasonally adjusted gross domestic product rose 0.2 percent quarter-on-quarter in the third quarter, unrevised from the preliminary estimate. (Nov 23, 2012) Full Article
Confidence among German businesses improved unexpectedly in November as firms were less pessimistic about future developments and expressed greater satisfaction with their current work, results of a survey by the Ifo Institute revealed on Friday. The headline business climate index for the German industry and trade rose to 101.4 in November from 100 in the previous month. (Nov 23, 2012) Full Article
There are signs of a relative return of confidence in the euro area due to decisions taken by the European leaders as well as the central bank, the European Central Bank President Mario Draghi said Friday. (Nov 23, 2012) Full Article
Commodities
The price of gold was steady Friday morning amid speculation that a bailout deal for Greece was imminent. (Nov 23, 2012) Full Article
Political News
Residents living in the proximity of a U.S. airbase in Japan's Okinawa prefecture are planning to file a lawsuit seeking a ban on night and early morning flights from the base. (Nov 23, 2012) Full Article
Mexican President Felipe Calderon on Thursday sent a proposal to the Parliament to change the official name of the country. (Nov 23, 2012) Full Article
Independent candidate Ahn Cheol-soo on Friday announced his withdrawal from South Korea's December 19 presidential election in favor of Moon Jae-in, nominee of the principal Opposition Democratic United Party (DUP). (Nov 23, 2012) Full Article
Currency Alerts
The Japanese yen halted recent sessions' sell-offs on Friday in Asia as lack of risk-drivers prompted traders to seek safe-haven currencies. (Nov 23, 2012) Full Article
The euro edged higher against its major rivals in early deals on Friday after a report showed that Germany's gross domestic product rose in the third quarter. (Nov 23, 2012) Full Article
General News
Israeli security forces have picked up members of a terrorist cell from the West Bank in connection with an attack on a bus near the military headquarters in Israel's commercial capital Tel Aviv earlier this week. (Nov 23, 2012) Full Article
The conflict between Hamas and Israel is having a "devastating and lasting impact" on children, the United Nations Committee on the Rights of the Child said on Thursday, stressing that the recent crisis would have long-term psychological effects on youth. (Nov 23, 2012) Full Article
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