Dec 28, 2009

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Japanese production picks up but retail sales soft

Posted:

Exports to Asia appear to be digging Japan out of the doldrums. Industrial production soared 2.6% in November. Retail sales were weak, falling 1.0%, indicating the domestic economy remains vulnerable. USD/JPY is little changed from the Christmas eve close, now at 91.45.

German business sees credit crunch as biggest 2010 risk

Posted:

Restricted access to bank loans is the biggest fear for German companies headed into 2010, a Reuters poll finds.

Breaking news: Sarkozy still thinks Obama is a jackass

Posted:

Must be a slow news day at the FT...

Second Nigerian detained on Amsterdam/Detroit flight

Posted:

Risk aversion may be the theme in early Asian trade after a second Nigerian holed-up in a rest room on a Northwest flight into Detroit. A failed bombing occurred on the same flight Christmas Day.

China “absolutely will not yield” on Yuan reval pressure

Posted:

Chinese premier Wen says China will not yield to calls to allow the Yuan to strengthen but it will take steps to curb a real-estate bubble. Higher taxes and interest rates on property loans will be used, he said. Looks like China will continue its beggar-thy-neighbor trade policies and then complain ...

China to reach #2 in 2010

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At current growth rates, China will overtake Japan to become the world's second largest economy. But do trees grow to the sky? It is was only 20 years ago when it was thought that Japan had unlimited economic potential. Some economists compare China's position – with the authorities combining low ...

Heightened risk of UK downgrade

Posted:

If a realistic plan to reduce the deficit is not forthcoming, the UK risks sovereign downgrade, a group of economists tell the Times.
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