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Consumer prices up in The Month of December, survey

Consumer prices up in The Month of December, survey 2011-01-17 06:32:46     Consumer prices rose in the month of December, setting the scene for a sharp rise in the price of food in the wake of the Queensland floods.The TD Securities-Melbourne Institute inflation gauge rose 0.2 % in the month of December, compared to a 0.4 per cent rise in the month of November, the survey released on Monday showed.In the year to December, the rate of...

Interest Rate Expectations Continue to Creep Higher

Interest Rate Expectations Continue to Creep Higher 2011-01-17 05:46:44     *Market Conviction is based on Overnight Index Swaps. A higher level of conviction implies a greater likelihood that the next policy decision expectations accurate. **Represents the number of basis points interest rates are expected to rise or fall over the next year. Daily Update: Interest rate prospects have maintained their gains from last week when the ECB struck a more balanced tone...

Crude Oil Falls for First Time This Week, Gold Moves Lower in Listless Trade

Crude Oil Falls for First Time This Week, Gold Moves Lower in Listless Trade 2011-01-14 06:52:28     Crude oil fell back slightly as traders locked in some of this week’s significant advance. Meanwhile, gold gave back some of the gains from earlier this week.Commodities – EnergyCrude Oil Falls for First Time This WeekCrude Oil (WTI) - $91.07 // $0.33 // 0.36%Commentary: Crude oil put in its first loss in four sessions, shedding $0.46, or 0.5%,...

Gold - FOREX Correlations Weaken in Listless Trade

Gold - FOREX Correlations Weaken in Listless Trade 2011-01-14 05:58:08     Gold has been receiving an growing amount of attention recently as the metal soars to new record levels. Many of the popular currency pairs have been moving in tandem with gold, offering Forex traders an opportunity to piggyback on the uptrend or bet against it, with the added benefit of trading within the world’s deepest and most liquid market.The following table includes the correlation between gold...

Positive news for rates in jobless figures

Positive news for rates in jobless figures 2011-01-13 13:06:59     The lowest jobless rate in two years has economists predicting interest rates will stay on hold until mid of the year of 2011.Australia's unemployment rate was a seasonally adjusted five per cent in December, compared with 5.2 per cent in the month of November, the Australian Bureau of Statistics (ABS) said on Thursday.The fall was put down to a drop in the participation rate, rather than...

Manufacturing Goes up More Than Forecast in The Month Of November

Manufacturing Goes up More Than Forecast in The Month Of November 2011-01-13 12:50:52     UK manufacturing increased 0.6% in November from October, beating forecasts of 0.4% and year-on-year manufacturing expanded by 5.6%, bettering expectations of 5.3%. While this data certainly shows that the UK economy maintained its momentum in the fourth quarter of 2010 the dark clouds do seem to be gathering on the horizon. The government’s spending cuts are forecast to lead to 330,000 public-sector jobs being...

Floods a double-edged sword for economy

Floods a double-edged sword for economy 2011-01-13 09:48:18     Federal Jobs Minister Chris Evans says there will be a huge impact on employment in Queensland as a result of the recent floods.Some economists say there is a risk the reconstruction effort in the state could tighten the labor market further and put pressure on inflation.But Senator Evans says there are job opportunities from the disaster."Longer term, clearly there's going to be a growth in work...

Aussie Dollar whiplashed by job surprise, NZ$ steady

Aussie Dollar whiplashed by job surprise, NZ$ steady 2011-01-13 07:35:36     The Australian dollar slid then rebounded on Thursday after a surprisingly small rise in employment initially sparked a selloff before underlying strength in the numbers put a solid floor under the currency.A choppy session saw the Aussie drop almost half a U.S. cent to $0.9917 in reaction to disappointing headline data before bouncing back to where it started in early trade at around $0.9950.The slip...

FOREX CENTRAL BANK WATCH: BOE Rate Expectations Hit 8-Month Highs Ahead of Policy Decision

FOREX CENTRAL BANK WATCH: BOE Rate Expectations Hit 8-Month Highs Ahead of Policy Decision 2011-01-13 06:51:24     Daily Update: Interest rate expectations have increased across the board from yesterday. Even those for the RBA moved higher by 8bps despite the weaker-than-expected reading on employment that was released earlier today. RBNZ expectations rose by 12bps to a one-month high; ECB expectations rose by 7bps after the stronger-than-expected Euro-Zone industrial production numbers from ...

Unemployment at a two-year low

Unemployment at a two-year low 2011-01-13 06:00:07     Australia's unemployment market remains tight with the unemployment rate falling to a two-year low of 5 per cent in the month of December, down from 5.2 % in the month of November.The unemployment rate was last at 5 per cent in the month of January 2009.But the data was not seen as good news by financial markets because the lower rate came from a decline in the number of...
 
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