FOREXLEARNING

Risk appetite fades over speculation of weaker housing market in US »

Market Brief
The JPY advanced against all 16 major counterparts before reports this week forecast to show US existing home sales fell and Japan’s export growth slowed in July. Australia’s currency weakened after the election failed to deliver a majority government for the first time in 70 years. The EURUSD traded near a five-week low [...]

Europe continues to recover defying prevailing pessimism over the outlook »

Europe is back with a full load today with top notch fundamentals queued for release detailing the performance of the economy across major sectors. The services sector will be under the scope and so will the aggregate euro economy with the final GDP revision as the data continue to stream our way one day ahead [...]

China warns Australia over criticism of Rio trial »

CANBERRA/BEIJING (Reuters) – China warned Australia not to make “irresponsible” comments about the trial of four employees of mining firm Rio Tinto after Canberra said the trial had left questions about China’s legal system.

World  |  China

The verbal sparring over the conviction of Australian citizen Stern Hu and three colleagues underlined foreign investors’ concerns about legal transparency in [...]

European stocks slip on doubts over Greek rescue (AP) »

concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund.
Germany has said this week that Greece’s debt problems can be addressed only by the country’s austerity program. That suggests an EU summit next week, which had been expected to propose bilateral loans for Greece, will come up empty-handed.
and the [...]

Tiff over “punk staffers” as bank reform vote nears »

The tension level in the debate on financial reform rose on Thursday as Democrats slapped back at a Republican leader’s comment about “punk staffers” and a pivotal vote neared in the Senate.
White House economic adviser Larry Summers criticized remarks made by House Republican Leader John Boehner, who said at a bankers’ conference: “Don’t let [...]

European markets start the week pessimistic with woes over the outcome of the EU finance ministers meeting amid new Moody’s warning for UK »

Mon, Mar 15 2010, 10:53 GMT
European markets start their journey this week with jitters and volatility as the euro area Finance Ministers prepare to head into the chambers to contemplate the Greek debt crisis, whether to bail or NOT TO BAIL! While neighboring UK does not feel any vibes of hope either [...]

Toyota unit Daihatsu recalls over 274,000 vehicles »

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Relationship over? Dollar, stocks break up (AP) »

is over.
Last summer and fall, stocks generally rose on days when the dollar fell, and vice versa.
to boost the economy. The weak dollar was a boon for the stock market as investors were eager to get money out of low-yielding U.S. dollars and put them to work just about anywhere else, such as [...]

Apple sues HTC over phones with Google software »

Apple Inc sued Taiwan’s HTC Corp, which makes touchscreen smartphones using Google software, accusing it of infringing 20 hardware and software patents related to the iPhone.
Even though the suit did not name Google Inc as a defendant, Apple’s move was viewed by many analysts as proxy for an attack on the Internet company, whose [...]

Oil steady around $73 amid worries over demand »

PERTH (Reuters) – Oil was little changed on Monday, trading close to six-week lows amid concerns about global growth and sluggish oil demand.
Fresh economic data out of China, the world’s second-largest energy consumer, heightened concerns that Beijing would further tighten monetary policy.
An official purchasing managers index remained firmly in expansionary territory, while a [...]