| Australian Data Strengthened Aussie Across The Board, Late Wednesday
(RTTNews) - Late New York Wednesday, the Australian currency registered strong gains against the other leading counterparts. This came ahead and amid the Australia January cash card retail index, employment and unemployment rate data, which were released during the session. However, ahead of both the Australian and British data, Aussie weakened slightly against Sterling but ticked higher following the releases. Australia's unemployment rate in January was a seasonally adjusted 4.5%, down 0.1% from 4.6% for the previous month, Australian Bureau of Statistics said. Analysts expected the unemployment rate to remain steady at 4.6% in January. The number of employed persons in January was 10,334,800, down 3.6% from 10,338,300 million in the previous month. Australian shoppers spent a seasonally adjusted A$18.7 billion in January, up 0.9% from the previous month, Cashcard reported.
Euro Varied In Tuesday Afternoon Against Rivals
(RTTNews) - The euro was varied in trading against its major counterparts on Tuesday. While the currency rose against the dollar, the euro was unable to advance against the pound. The euro traded as the Euro-Zone released Retail Sales data and German Factory Orders data was reported. The euro rose against the dollar through the early hours of Tuesday's action. The currency advanced steadily to the afternoon and reached a mark of 1.2984. The euro remains in a month long range against the greenback. Meanwhile, the euro saw choppy movement in trading on Tuesday against the pound. The currency fell to a mark of 0.6574 in the early morning action. However, the currency was able to earn back a portion of its gains in the afternoon. The euro is near a two week low against the currency, having returned gains from the beginning of the month.
Japanese Stocks Gain; Topix Is at 9-Month High, Led by Mizuho
Feb. 9 (Bloomberg) -- Japanese stocks rose, with the Topix index closing at a nine-month high. Banks led gains after Merrill Lynch & Co. recommended investors buy Mizuho Financial Group Inc., saying its shares price is too cheap given the lender's steady profit growth. Mitsui O.S.K. Lines Ltd. and other shipping lines surged on speculation a recovery in container freight rates will boost their earnings next year. ``Investors have focused too much on an improvement in profit margins and Merrill's report prompted a shift in their view to the fact lenders' shares are now cheap relative to their earnings,'' said Masayuki Kubota, who oversees $2.1 billion in assets at Daiwa SB Investments Ltd. in Tokyo. ``Container freight rates will improve next year, so that's pushing shipping shares higher.'' The Topix jumped 24.91, or 1.5 percent, to 1745.09, the highest since May 9 at the close in Tokyo.
Zambia: Zambia Losing Grip On Funding Own Budget
LOOKING at the 2007 Budget, to have an idea of the big picture, firstly requires a look at other budgets. As seen in 1995, Zambia produced 307,558 tonnes of copper. The average price of copper on the LME then stood at US$2,623.5 per tonne, giving US$806 million in revenue. .
Learn How To Trade Currency Markets With Exchange Traded Options ...
(RTTNews) - While major equity indices set record highs in 2006, one of the fastest areas that continue to see momentum is currency trading. While the traditional "pair trading" remains to be the focus of mainstream currency traders, now there are other ways investors and traders can capitalize from this fast growing new opportunity. According to currency market experts, the key to successful trading in currency markets, like any other financial markets, is acquiring the necessary knowledge and having the discipline to follow a strategy. February 17th through the 20th, at the International Traders Expo, many trading experts will provide FREE insights and recommendations about various trading techniques, products, systems and methodologies. One of the new and interesting products will be presented by the Philadelphia stock exchange, which will conduct a FREE seminar to discuss a whole new product line called cash-settled currency options.
|
