International Business News - Fundamental Reports http://www.ibtimes.com/rss/feed/fundamentalreports.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/fundamentalreports.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥89.60 level and was capped around the ¥90.85 level. Data released in Japan overnight saw the September diffusion-based leading index fall back to 80.0 from 81.8 in August while the coincident index rallied to 94.4 from 90.0. On a composite basis, the leading index rallied to 86.4 and the coincident index improved to 92.5. These data suggest the Japanese economy is improving. http://www.ibtimes.com/articles/20091106/interest-rates.htm http://www.ibtimes.com/articles/20091106/interest-rates.htm Fri, 06 Nov 2009 16:52:19 EST The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4810 level and was capped around the $1.4915 level. The major news in the markets today revolved around the U.S. October non-farm payrolls report where it was indicated the unemployment rate jumped to a 26-year high of 10.2%, far above the 9.8% prior reading and above expectations. http://www.ibtimes.com/articles/20091106/wages-data.htm http://www.ibtimes.com/articles/20091106/wages-data.htm Fri, 06 Nov 2009 16:44:35 EST USD: Lower, rising US unemployment reduces the odds of a mid-2010 Fed tightening, stocks mixedJPY: Higher, September leading indicator rises, safe haven demand on weak US jobs data EUR: Mixed, German industrial orders rise, ECB signals the start of its exit strategyGBP: Mixed, PPI rises, BOE may be ... http://www.ibtimes.com/articles/20091106/daily-forex-report-usd-mixed-unemployment-rises-to-10-2.htm http://www.ibtimes.com/articles/20091106/daily-forex-report-usd-mixed-unemployment-rises-to-10-2.htm Fri, 06 Nov 2009 12:08:00 EST The US dollar strengthened vs. most major currencies as the Labor Department reported that the unemployment rate hit a 26 year high, increasing investor risk aversion. The government report showed that the unemployment rate rose to 10.2% last month, higher than forecast of 9.9%. Employers had cut 190,000 jobs in October after a revised reduction of 219,000 jobs the previous month. The dollar reversed losses from yesterday when the Federal Reserve announced that it would keep interest rates "e... http://www.ibtimes.com/articles/20091106/daily-foreign-exchange-market-summary-06-11.htm http://www.ibtimes.com/articles/20091106/daily-foreign-exchange-market-summary-06-11.htm Fri, 06 Nov 2009 12:01:41 EST http://www.ibtimes.com/articles/20091106/fundamental-precious-metals-2009-11-06.htm http://www.ibtimes.com/articles/20091106/fundamental-precious-metals-2009-11-06.htm Fri, 06 Nov 2009 10:33:16 EST - Strong GDP growth in Q3 due to temporary factors - Low growth rates in 2010 - Monetary policy remains unch http://www.ibtimes.com/articles/20091106/macro-markets-analyse.htm http://www.ibtimes.com/articles/20091106/macro-markets-analyse.htm Fri, 06 Nov 2009 08:03:43 EST The Japanese Yen saw a bearish trading session yesterday, losing ground against most of its currency crosses. The JPY fell against the EUR and closed at 1.3495, while the GBP/JPY cross rose to around 155.50. http://www.ibtimes.com/articles/20091106/jpy-free-fall-continues.htm http://www.ibtimes.com/articles/20091106/jpy-free-fall-continues.htm Fri, 06 Nov 2009 05:25:19 EST The EUR experienced a bullish trading session yesterday, as it appreciated against most of its major currency pairs. http://www.ibtimes.com/articles/20091106/eur-rises-ecb-president-trichet-comments.htm http://www.ibtimes.com/articles/20091106/eur-rises-ecb-president-trichet-comments.htm Fri, 06 Nov 2009 05:20:56 EST The Dollar was little changed against most of its major counterparts during yesterday's trading session, a day ahead of a key government jobs report that will shed light on the health of the U.S. economy. http://www.ibtimes.com/articles/20091106/non-farm-employment-change-tap.htm http://www.ibtimes.com/articles/20091106/non-farm-employment-change-tap.htm Fri, 06 Nov 2009 05:05:44 EST Stocks in Asia rise following upbeat data from the US and Australia.Australia's central bank said the economy will expand at more than three times the pace forecast in August, and signaled it will continue to lead the world in raising interest rates.  The Aussie climbed against almost all of its ma... http://www.ibtimes.com/articles/20091106/eu-morning-report-asian-stocks-higher-on-upbeat-data-from-the-us-and-australia.htm http://www.ibtimes.com/articles/20091106/eu-morning-report-asian-stocks-higher-on-upbeat-data-from-the-us-and-australia.htm Fri, 06 Nov 2009 02:55:00 EST The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥90.00 figure and was capped around the ¥90.85 level. Minutes from the Bank of Japan Policy Board meeting from 13-14 October were released overnight in which policymakers noted they'd work to make sure investors realize the removal of some emergency stimuli program does not mean official interest rates will rise. The minutes noted the central bank plans to “maintain the accommodative financial environme... http://www.ibtimes.com/articles/20091105/emergency-stimuli.htm http://www.ibtimes.com/articles/20091105/emergency-stimuli.htm Thu, 05 Nov 2009 16:53:26 EST The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4810 level and was capped around the $1.4915 level. Data released in the U.S. today saw Q3 non-farm productivity increase to 9.5% from the revised prior reading of 6.9% while Q3 unit labour costs were off 5.2%, up from a revised -6.1%. Also, weekly initial jobless claims continued to move lower, printing at +512,000, down from a revised 532,000 with continuing jobless claims lower at 5.749... http://www.ibtimes.com/articles/20091105/jobless-claims.htm http://www.ibtimes.com/articles/20091105/jobless-claims.htm Thu, 05 Nov 2009 16:51:51 EST The headline event of the day was the BoE meeting where MPC members voted to maintain interest rates at 0.5%, but more significantly, chose to increase their asset purchase target by only GBP25bn (vs. consensus estimates for 50bn). The smaller-than-expected expansion of the QE program caused a rapid spike in GBPUSD from 1.6500 to 1.6600, as markets perceived this move signaled a less severe assessment of the UK economy by the MPC than the bearish press commentary that has prevailed since the GDP... http://www.ibtimes.com/articles/20091105/boe-expands-qe-but-less-than-expected.htm http://www.ibtimes.com/articles/20091105/boe-expands-qe-but-less-than-expected.htm Thu, 05 Nov 2009 15:31:03 EST The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4810 level and was capped around the $1.4915 level. Data released in the U.S. today saw Q3 non-farm productivity increase to 9.5% from the revised prior reading of 6.9% while Q3 unit labour costs were off 5.2%, up from a revised -6.1%. Also, weekly initial jobless claims continued to move lower, printing at +512,000, down from a revised 532,000 with continuing jobless claims lower at 5.749... http://www.ibtimes.com/articles/20091105/fundamental-outlook-1400-gmt-edt-0400.htm http://www.ibtimes.com/articles/20091105/fundamental-outlook-1400-gmt-edt-0400.htm Thu, 05 Nov 2009 15:27:58 EST The US dollar traded lower vs. most major currencies as an increase in equities and positive economic data increased investor risk-appetite for higher-yielding currencies. Yesterday, the Federal Reserve kept interest rates at a record low range of zero to 0.25%. The Fed also repeated its intention to keep interest rates "exceptionally low" for "an extended period" as long as inflation expectations are stable and unemployment fails to decline. http://www.ibtimes.com/articles/20091105/daily-foreign-exchange-market-summary-05-11.htm http://www.ibtimes.com/articles/20091105/daily-foreign-exchange-market-summary-05-11.htm Thu, 05 Nov 2009 13:33:13 EST USD: Lower, jobless claims fall, productivity soars, unit labor costs decline, stocks surgeJPY: Lower, supported by a dip in risk appetite as equities decline in AsiaEUR: Higher, ECB leaves interest rates unchanged, Trichet sees pick up in economic activity GBP: Higher, BOE expands its asset purchas... http://www.ibtimes.com/articles/20091105/daily-forex-report-usd-mixed-jobless-claims-fall-more-than-expected.htm http://www.ibtimes.com/articles/20091105/daily-forex-report-usd-mixed-jobless-claims-fall-more-than-expected.htm Thu, 05 Nov 2009 12:12:00 EST http://www.ibtimes.com/articles/20091105/fundamental-precious-metals-2009-11-05.htm http://www.ibtimes.com/articles/20091105/fundamental-precious-metals-2009-11-05.htm Thu, 05 Nov 2009 10:04:12 EST As we expected yesterday, the Fed was unwilling to end the liquidity-fueled party just yet and that's just what happened. The FOMC members voted unanimously at the meeting to hold rates steady and indicated its ultra loose monetary policy would remain "excessively low" for “an extended period.” The recent sell-off in risk correlated trades has been driven primarily by the worries that the Fed would subtly signal a timetable for its exit strategy. http://www.ibtimes.com/articles/20091105/fed-stays-ultra-loose-onto-boe-ecb.htm http://www.ibtimes.com/articles/20091105/fed-stays-ultra-loose-onto-boe-ecb.htm Thu, 05 Nov 2009 07:47:59 EST Yesterday's key event was the US FOMC meeting where policymakers kept rates on hold as expected. The headline aside, markets were more keenly awaiting the accompanying statement for an insight into how Fed officials have incorporated recently improved US data into their policy view, and whether this environment of cheap liquidity would continue going forward. http://www.ibtimes.com/articles/20091105/fomc-signals-low-rates-continue-contingent-on-employment-and-inflation.htm http://www.ibtimes.com/articles/20091105/fomc-signals-low-rates-continue-contingent-on-employment-and-inflation.htm Thu, 05 Nov 2009 07:44:01 EST The British pound moved sharply higher vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.6595 level and was supported around the $1.6400 figure. Data released in the U.K. today saw Nationwide consumer confidence print at 72.0, unchanged from September's reading. http://www.ibtimes.com/articles/20091104/price-index.htm http://www.ibtimes.com/articles/20091104/price-index.htm Wed, 04 Nov 2009 15:14:33 EST