India Punjab National Bank to raise rates Sunday
2010-07-31 06:45:00
Source: XE Forex News Edit
India's state-run lender Punjab National Bank said on Saturday it would raise its benchmark prime lending rate (BPLR) by 75 basis points to 11.75 percent from Sunday.
UPDATE 1-Mexico says GDP up about 7 pct yr/yr in 2nd qtr
2010-07-31 03:37:00
Source: XE Forex News Edit
Mexico's finance ministry said on Friday the Mexican economy likely grew about 7 percent during the second quarter from a year earlier.
Mexico says GDP up about 7 pct yr/yr in 2nd qtr
2010-07-31 03:26:00
Source: XE Forex News Edit
Mexico's finance ministry said on Friday the Mexican economy likely grew about 7 percent during the second quarter from a year earlier.
U.S. bank failures total 108 after 5 shut on Friday
2010-07-31 03:11:00
Source: XE Forex News Edit
U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded.
UPDATE 1-Enbridge says no restart date for ruptured line
2010-07-31 01:49:00
Source: XE Forex News Edit
Enbridge Inc's chief executive said on Friday he was unable to say when the company would be able to restart the Michigan pipeline that ruptured earlier this week, spilling more than 800,000 gallons of oil.
RPT-UPDATE 1-S.Korea sees $30 bln trade surplus in 2010, above f
2010-07-31 01:45:00
Source: XE Forex News Edit
South Korea is on course to achieve a $30 billion trade surplus by year's end as it is expected to have already reached its earlier forecast of $23 billion by the end of this month, Economy Minister Choi Kyung-hwan said on Saturday.
S.Korea sees $30 bln trade surplus in 2010, above fcast
2010-07-31 01:44:00
Source: XE Forex News Edit
South Korea is on course to achieve a $30 billion trade surplus by year's end, handily surpassing its earlier forecast of $23 billion, Economy Minister Choi Kyung-hwan said on Saturday.
WRAPUP 3-BP to try well kill Tuesday, House passes reforms
2010-07-31 01:02:00
Source: XE Forex News Edit
BP Plc said on Friday it could seal its ruptured Gulf of Mexico oil well by next week as the U.S. House of Representatives voted to toughen regulation of offshore energy drilling.
S.Korea sees $30 bln trade surplus in 2010, above fcast
2010-07-31 00:55:00
Source: XE Forex News Edit
South Korea is on course to achieve a $30 billion trade surplus by year's end, handily surpassing its earlier forecast of $23 billion, Economy Minister Choi Kyung-hwan said on Saturday.
U.S., India formally sign nuclear reprocessing pact
2010-07-31 00:24:00
Source: XE Forex News Edit
The United States and India on Friday formally signed an agreement on reprocessing spent nuclear fuel that U.S. officials hope will allow American firms a share of India's $150 billion nuclear energy market.
UPDATE 2-U.S. House approves oil spill reform bill
2010-07-30 23:30:00
Source: XE Forex News Edit
The U.S. House of
Cuba readies to dive into offshore oil exploration
2010-07-30 23:27:00
Source: XE Forex News Edit
A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011, likely opening the open the way for full-scale exploration of the island's untapped offshore fields.
Cuba readies to dive into offshore oil exploration
2010-07-30 23:26:00
Source: XE Forex News Edit
A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011, likely opening the open the way for full-scale exploration of the island's untapped offshore fields.
U.S. WCoast Products-Flat as futures bob and weave
2010-07-30 23:24:00
Source: XE Forex News Edit
Wholesale gasoline premiums in
WRAPUP 2-BP to try well kill Tuesday, House passes reforms
2010-07-30 23:19:00
Source: XE Forex News Edit
BP Plc said on Friday it could seal its ruptured Gulf of Mexico oil well by next week as the U.S. House of Representatives voted to toughen regulation of offshore energy drilling.
IMF urges Turkey to withdraw stimulus, raise rates
2010-07-30 23:15:00
Source: XE Forex News Edit
The International Monetary Fund on Friday urged Turkey to speed up the withdrawal of crisis-related fiscal stimulus in 2010 and called for a gradual rise in interest rates.
Enbridge says no restart date for ruptured line
2010-07-30 22:52:00
Source: XE Forex News Edit
Enbridge Inc's chief executive said on Friday he was unable to say when the company would be able to restart the Michigan pipeline that ruptured earlier this week, spilling more than 800,000 gallons of oil.
BP's Dudley to visit Moscow next week - source
2010-07-30 22:38:00
Source: XE Forex News Edit
Bob Dudley, BP Plc's newly appointed chief executive, will fly to Moscow next week to meet shareholders in its Russian joint venture TNK-BP, a source close to the company said on Friday.
UPDATE 2-Dutch set to form govt with anti-Islam party backing
2010-07-30 22:06:00
Source: XE Forex News Edit
Pushing an austerity agenda, two right-leaning Dutch parties agreed on Friday to have talks to form a minority government with support from an anti-Islam party five months after the last government collapsed.
US cash crude-Slow day as NYMEX WTI gyrates
2010-07-30 22:05:00
Source: XE Forex News Edit
U.S. cash crudes dawdled virtually unchanged on Friday as benchmark West Texas Intermediate prices on which cash differentials are based gyrated.
USD/CAD Hits Triangle Bottom
FX Path 2010-07-30 19:30:02
Source: 
MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
Tags:
analysis
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technical
USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This large triangle occurs within the context of a prolonged sideways trading range consolidation that has been in place since late 2009. For more USD/CAD technical analysis, please click here. James Chen, CTA, CMT
CORRECTED-WRAPUP 4-Imports slow US Q2 growth
2010-07-30 19:18:00
Source: XE Forex News Edit
U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
New Issue-Noble Group sells $750 mln in two parts
2010-07-30 19:14:00
Source: XE Forex News Edit
Noble Group Ltd on Friday
CORRECTED-US consumer sentiment sags to lowest since November
2010-07-30 19:14:00
Source: XE Forex News Edit
U.S. consumer sentiment plunged in July to its lowest level since November on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.
Dutch right-leaning parties open government talks
2010-07-30 19:07:00
Source: XE Forex News Edit
Two right-leaning Dutch political parties agreed on Friday to start talks to form a minority government, aiming to push through an austerity agenda some five months after the previous government collapsed.
UPDATE 1-Cuomo widens insurer probe with 6 more subpoenas
2010-07-30 18:45:00
Source: XE Forex News Edit
New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.
BRIEF-Moody's: Charles River rtg unchanged after Wuxi deal ends
2010-07-30 18:44:00
Source: XE Forex News Edit
Charles River Laboratories International Inc:
Midland Loan Services says Innkeepers' bankruptcy plan unfair
2010-07-30 18:44:00
Source: XE Forex News Edit
Midland Loan Services Inc said bankrupt hotel chain Innkeepers USA Trust's reorganization plan gives preference to Lehman Brothers Holdings Inc over other secured creditors.
BRIEF-Sea Launch Co's reorganization plan confirmed
2010-07-30 18:40:00
Source: XE Forex News Edit
July 30 (Reuters) -:
UPDATE 1-Chrysler profitable, no rush to IPO -CEO
2010-07-30 18:39:00
Source: XE Forex News Edit
Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday.
WRAPUP 1-BP to try well kill Tuesday, Congress debates reforms
2010-07-30 18:39:00
Source: XE Forex News Edit
BP Plc said on Friday it could seal its ruptured Gulf of Mexico oil well by next week as U.S. lawmakers prepared to vote on reforms that would put tougher restrictions on offshore drilling.
U.S. Senate OK's tougher airline safety measures
2010-07-30 18:38:00
Source: XE Forex News Edit
The U.S. Senate on Friday approved and sent to the White House legislation that toughens airline pilot training requirements and aims to reduce pilot fatigue.
USTR says White House not blocking China trade cases
2010-07-30 18:38:00
Source: XE Forex News Edit
President Barack Obama's national security advisors have not stopped U.S. trade officials from filing legal challenges against China, U.S. Trade Representative Ron Kirk said on Friday.
BRIEF-Moody's assigns LD to Apptis' PDR; ratings affirmed
2010-07-30 18:35:00
Source: XE Forex News Edit
Apptis Inc:
FACTBOX-US House oil spill legislation overview
2010-07-30 18:30:00
Source: XE Forex News Edit
The U.S. House of Representatives' legislation reforming offshore drilling would have to be reconciled with a separate Senate energy bill that may be voted on before lawmakers leave for their August recess.
BRIEF-Visteon to terminate Master services agreement
2010-07-30 18:27:00
Source: XE Forex News Edit
Visteon Corp:
UPDATE 1-JFE Steel to restart idled furnace in May - Nikkei
2010-07-30 18:27:00
Source: XE Forex News Edit
JFE Steel Corp said it would restart a blast furnace that has been idle since February 2009 as early as next May, the Nikkei business daily reported.
UPDATE 2-U.S. natgas rig count falls, first drop in 6 weeks
2010-07-30 18:22:00
Source: XE Forex News Edit
The number of rigs drilling
New Issue-Mylan Inc adds $300 mln in notes
2010-07-30 18:18:00
Source: XE Forex News Edit
Mylan Inc on Friday added $300
Nigeria nears deal for private power producers
2010-07-30 18:18:00
Source: XE Forex News Edit
Nigeria is close to agreeing a framework to make private power generation for the national grid commercially viable, potentially unlocking billions of dollars of investment and helping end chronic power shortages.
US Justice Dept: Northwest Airlines agrees to plead guilty
2010-07-30 18:17:00
Source: XE Forex News Edit
Northwest Airlines, which was bought by Delta Air Lines Inc in 2008, has agreed to plead guilty and pay a $38 million criminal fine for its role in a conspiracy to fix prices on air cargo shipments, the U.S. Justice Department said on Friday.
GBP/USD Still Above 1.55, Bullishness Potentially Targeting 1.58
FX Path 2010-07-30 14:51:45
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
Tags:
analysis
,
technical
GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occurs within the context of a strong accelerated uptrend extending originally from the 1.4230 area lows in May, and after price just hit a fresh 5-month high on Thursday. For more GBP/USD technical analysis, please click here. James Chen, CTA, CMT
Chicago Business Barometer Shows Unexpected Acceleration In Growth
rtt@tradersjournal.com (RTT News) 2010-07-30 14:41:33
Source: Welcome to the Frontpage Edit
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(RTTNews) - After reporting slowdowns in the pace of expansion in Chicago-area business activity in the two previous months, the Institute for Supply Management - Chicago released a report on Friday showing an unexpected acceleration in the pace of growth in the month of July.
Bullard Wanders way off Fed Reservation and onto CNBC Set
dickson@forexjournal.com (Administrator) 2010-07-30 14:38:43
Source: Welcome to the Frontpage Edit
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This is not your father’s Fed where transparency in policy had one meaning – film used for overhead projectors during seminars.
July Consumer Sentiment Index Revised Higher Than Expected
rtt@tradersjournal.com (RTT News) 2010-07-30 14:35:35
Source: Welcome to the Frontpage Edit
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(RTTNews) - Thomson Reuters and the University of Michigan released their final report on consumer sentiment in the month of July on Friday, showing that the consumer sentiment index was upwardly revised by more than expected but continued to show a notable deterioration in sentiment compared to June.
Chicago Business Barometer Unexpectedly Increases In July
rtt@tradersjournal.com (RTT News) 2010-07-30 14:34:33
Source: Welcome to the Frontpage Edit
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(RTTNews) - After reporting slowdowns in the pace of expansion in Chicago-area business activity in the two previous months, the Institute for Supply Management - Chicago released a report on Friday showing an unexpected acceleration in the pace of growth in the month of July.
Q2 GDP Points To Slowdown In Pace Of Economic Recovery
rtt@tradersjournal.com (RTT News) 2010-07-30 14:33:37
Source: Welcome to the Frontpage Edit
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(RTTNews) - U.S. economic activity increased at a slightly slower than expected pace in the second quarter, according to a report released by the Commerce Department on Friday, with the report also showing a notable upward revision to the pace of growth in the first quarter.
Aussie Rises To 3-day High Against Greenback
rtt@tradersjournal.com (RTT News) 2010-07-30 14:32:57
Source: Welcome to the Frontpage Edit
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(RTTNews) - The Australian dollar rose to a 3-day high of 0.9046 against the U.S. dollar at 10:15 am ET Friday.
Tough Love finally for the EUR
deanpopplewell@oanda.com (Dean Popplewell) 2010-07-30 14:30:33
Source: Welcome to the Frontpage Edit
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Month-end requirement is distorting some of the price action, especially when it comes to the JPY. Economic releases O/N showing that Japan’s growth slowed and unemployment rising should not be capable of pushing the currency to trade at new yearly highs vs. the dollar. Even the bond market was busy, selling the belly of the curve to the Japanese, again pushing prices out of whack. Price action involving month end requirements is always confusing. The market is caught flat-footed. It had been anticipating further broad based dollar selling for US hedge rebalancing. The EUR nosedive will be attributed to the ...
Yen Rises to 2010 High Per Dollar as July Trading Ends
acm@tradersjournal.com (AC-Markets) 2010-07-30 14:26:48
Source: Welcome to the Frontpage Edit
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The end of July has traders on edge after a month of remarkable weakness for the dollar, while they cautiously await August PMI data due next week for the latest health check on the state of economic health. Comments from St. Louis Fed President James Bullard sounded the deflationary bell once more causing a further flow of refugees into the Japanese yen, which raced to its highest level for 2010 at ¥86.16. The yen rose against the euro, which also looks set to close the month with a substantial eight cent gain against the dollar.