Forex and Currency Trading News http://www.countingpips.com/CPBlog/ Mon, 14 Apr 2008 15:43:00 GMT en-us http://www.countingpips.com/CPBlog/2009/February/20.html http://www.countingpips.com/CPBlog/2009/February/20.html fri, 20 Feb 2009 17:03:00 GMT Consumer prices in the U.S. increased in January after falling for three months in a row according to a report released today by the U.S. Department of Labor. The Consumer Price Index increased by a seasonally adjusted 0.3 percent in January after falling by a revised 0.8 percent in December. Consumer prices had fallen by a record 1.7 percent in November and declined by 0.8 percent in October as energy prices came crashing down after registering record high levels in July 2008....... http://www.countingpips.com/CPBlog/2009/February/19.html http://www.countingpips.com/CPBlog/2009/February/19.html thu, 19 Feb 2009 21:55:00 GMT US News released today showed that US Producer Prices increased by 0.8 percent in January after decreasing for five straight months according to a release by Department of Labor. Forecasts were expecting producer prices to increase by only 0.2 percent for the month following December's 1.9 percent decline. On an annual basis, producer prices are down by 1.0 percent compared to January 2008....... http://www.countingpips.com/CPBlog/2009/February/18.html http://www.countingpips.com/CPBlog/2009/February/18.html Wed, 18 Feb 2009 21:28:00 GMT U.S. housing starts, building permits and housing completions declined in the month of January according to data released by the Commerce Department on new residential construction. Housing Starts fell by 16.8 percent in January to a seasonally adjusted annual rate of 466,000 starts compared to December 2008. January's total is down by a whopping 56.2 percent from January 2008. Single-family housing starts fell by 12.2 percent compared to December....... http://www.countingpips.com/CPBlog/2009/February/17.html http://www.countingpips.com/CPBlog/2009/February/17.html Tue, 17 Feb 2009 18:18:00 GMT The Eurozone's international trade deficit narrowed unexpectedly in December according to a data release from Eurostat today. The eurozone's 16 countries that use the euro currency showed a trade deficit of 0.7 billion euros in December following a revised deficit of 5.8 billion euros in November....... http://www.countingpips.com/CPBlog/2009/February/13.html http://www.countingpips.com/CPBlog/2009/February/13.html Fri, 13 Feb 2009 19:40:00 GMT The Eurozone Gross Domestic Product fell more than expected in the fourth quarter of 2008 according to a flash estimate by Eurostat released today. The 16-nation eurozone GDP declined by 1.5 percent in the October to December quarter following GDP contraction of 0.2 percent in each of the third and second quarters. On an annual basis, the fourth quarter GDP is 1.2 percent lower than the fourth quarter of 2007....... http://www.countingpips.com/CPBlog/2009/February/12.html http://www.countingpips.com/CPBlog/2009/February/12.html Thu, 12 Feb 2009 17:42:00 GMT U.S. Retail Sales increased by more than expected and reversed six straight months of decline in January according to a report by the U.S. Commerce Department released today. Advance estimates of retail sales increased by 1.0 percent to $344.6 billion in January, handily beating market forecasts that were predicting a 0.8 percent decrease for the month...... http://www.countingpips.com/CPBlog/2009/February/11.html http://www.countingpips.com/CPBlog/2009/February/11.html Wed, 11 Feb 2009 18:22:00 GMT The United States trade deficit narrowed to its lowest level in almost six years according to a release by the Commerce Department today. The U.S. trade deficit decreased by approximately 4.00 percent in December as the deficit level at $39.9 billion following a revised deficit of $41.6 billion in November...... http://www.countingpips.com/CPBlog/2009/February/09.html http://www.countingpips.com/CPBlog/2009/February/09.html Mon, 09 Feb 2009 20:14:00 GMT News released out of the European Union today showed that the German international trade balance registered a trade surplus of 6.9 billion euros in December following a revised 9.9 billion euros in November according to data released from the Federal Statistical Office of Germany...... http://www.countingpips.com/CPBlog/2009/February/06.html http://www.countingpips.com/CPBlog/2009/February/06.html Fri, 06 Feb 2009 17:47:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell by more than 500,000 for the third straight month as the employment decline almost reached 600,000 in January. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 598,000 jobs in January following a revised drop of 577,000 jobs in December and marked the largest monthly payrolls drop since December 1974...... http://www.countingpips.com/CPBlog/2009/February/05.html http://www.countingpips.com/CPBlog/2009/February/05.html Thu, 05 Feb 2009 22:17:00 GMT The Bank of England announced the decision to cut its interest rate by 50 basis points for the second month in a row today to bring the rate to 1.00 percent from 1.50 percent. Today's rate reduction brings the BOE interest rate to its lowest level since the establishment of the bank in the late 1600s...... http://www.countingpips.com/CPBlog/2009/February/04.html http://www.countingpips.com/CPBlog/2009/February/04.html Wed, 04 Feb 2009 19:07:00 GMT U.S. employment data was released today in the form of the ADP National Employment Report and the report showed a decrease of 522,000 nonfarm private jobs for January from December. Today's employment report follows the November to December revised decline of 659,000 jobs. The decrease in January jobs was better than market forecasts that were expecting a decline of 535,000 jobs..... http://www.countingpips.com/CPBlog/2009/February/03.html http://www.countingpips.com/CPBlog/2009/February/03.html Tue, 03 Feb 2009 18:57:00 GMT The Reserve Bank of Australia today reducted its interest rate to its lowest standing since 1964. The RBA announced that it had reduced its official cash lending rate by a full percentage point today from 4.25 percent to 3.25 percent following a similar full percentage point reduction in December..... http://www.countingpips.com/CPBlog/2009/February/02.html http://www.countingpips.com/CPBlog/2009/February/02.html Mon, 02 Feb 2009 22:28:00 GMT U.S. Manufacturing data, released today by the Institute for Supply Management, showed that manufacturing activity contracted in January for the twelveth straight month. January's ISM Report On Business index readings for economic activity were at 35.6 percent..... http://www.countingpips.com/CPBlog/2009/January/30-1.html http://www.countingpips.com/CPBlog/2009/January/30-1.html Fri, 30 Jan 2009 19:28:00 GMT The U.S. economy contracted in the 4th quarter of 2008 by the most since 1982 according to the latest release by the U.S. Commerce Department. The advance estimate report released today showed that the U.S. Gross Domestic Product contracted at an annual rate of 3.8 percent in the October to December quarter...... http://www.countingpips.com/CPBlog/2009/January/30.html http://www.countingpips.com/CPBlog/2009/January/30.html Fri, 30 Jan 2009 18:16:00 GMT The Canadian Gross Domestic Product decreased in November according to a report by Statistics Canada released today. The Canadian GDP decreased in November by 0.7 percent following a rise of 0.1 percent in October..... http://www.countingpips.com/CPBlog/2009/January/29.html http://www.countingpips.com/CPBlog/2009/January/29.html Thu, 29 Jan 2009 21:11:00 GMT Economic news out of the U.S. today showed that durable goods orders declined more than forecast and decreased for the fifth month in a row in December. Durable goods orders in the United States fell 2.6 percent in December to a total of..... http://www.countingpips.com/CPBlog/2009/January/28-1.html http://www.countingpips.com/CPBlog/2009/January/28-1.html Wed, 28 Jan 2009 22:31:00 GMT The Reserve Bank of New Zealand reduced its interest rate by 150 basis points today according to a government release. The rate reduction brought the official cash rate from 5.00 percent to a record low 3.50 percent. The rate cut follows a reduction by 150 basis points in December and surpassed market forecasts expecting a smaller reduction to 4.00 percent...... http://www.countingpips.com/CPBlog/2009/January/28.html http://www.countingpips.com/CPBlog/2009/January/28.html Wed, 28 Jan 2009 21:01:00 GMT The U.S. Federal Open Market Committee concluded its monetary policy meeting by holding the U.S. interest rate steady at its record low level. The FOMC had cut the interest rate to a new target range of 0 percent to 0.25 percent on December 16th and signaled today that the rate will stay there..... http://www.countingpips.com/CPBlog/2009/January/27.html http://www.countingpips.com/CPBlog/2009/January/27.html Tue, 27 Jan 2009 18:35:00 GMT Home prices in the U.S. declined for the twenty-eighth straight month in November according to the Standard and Poors/Case-Shiller index released today. The SandP/Case-Shiller Home Price Index measures sale prices of existing single-family homes nationally and tracks 10-city and 20-city composite home price measurements. The November house prices report showed that the 20-city composite index fell an annual 18.2 percent to mark a new record low while the 10-city composite index tied October's record low of a 19.1 percent annual decline..... http://www.countingpips.com/CPBlog/2009/January/26.html http://www.countingpips.com/CPBlog/2009/January/26.html Mon, 26 Jan 2009 19:44:00 GMT U.S. Existing Homes sales increased more than expected in the month of December according to the monthly report produced by the National Association of Realtors. The NAR report showed that existing-home sales including single family homes, co-ops and townhouses increased 6.5 percent in December to a seasonally adjusted annual rate of 4.74 million units....... http://www.countingpips.com/CPBlog/2009/January/23.html http://www.countingpips.com/CPBlog/2009/January/23.html Fri, 23 Jan 2009 18:26:00 GMT The U.K. Gross Domestic Product fell by more than expected in the fourth quarter of 2008 and signaled the U.K. economy has entered into recession according to a release by the Office of National Statistics today. The U.K. preliminary estimate showed that GDP fell by 1.5 percent in the October through December quarter of 2008 following a decline of 0.6 percent in the third quarter....... http://www.countingpips.com/CPBlog/2009/January/22-1.html http://www.countingpips.com/CPBlog/2009/January/22-1.html Thu, 22 Jan 2009 19:35:00 GMT U.S. housing starts, building permits and housing completions declined in the month of December according to data released by the Commerce Department on new residential construction. Housing Starts fell by 15.5 percent in December to a seasonally adjusted annual rate of 550,000 starts. December's total is down 45.0 percent compared with that of December 2007...... http://www.countingpips.com/CPBlog/2009/January/22.html http://www.countingpips.com/CPBlog/2009/January/22.html Thu, 22 Jan 2009 18:15:00 GMT Canadian Retail Sales decreased by the most in over ten years in November according to the monthly report released by Statistics Canada today. Retail sales decreased by 2.4 percent..... http://www.countingpips.com/CPBlog/2009/January/20.html http://www.countingpips.com/CPBlog/2009/January/20.html Tue, 20 Jan 2009 19:55:00 GMT The Bank of Canada reduced its interest rate by 50 basis points to 1.00 percent today according to a government release. The rate cut comes after the Bank lowered their interest rate by 75 basis points in December and a total of 350 basis points since December of 2007. Today's reduction takes the rate to its lowest standing on record and matched market forecasts expecting the 50 basis point cut..... http://www.countingpips.com/CPBlog/2009/January/16.html http://www.countingpips.com/CPBlog/2009/January/16.html Fri, 16 Jan 2009 19:21:00 GMT Consumer prices in the U.S. decreased for the third straight month in December according to a report released today by the U.S. Department of Labor. The Consumer Price Index fell by 0.7 percent in December after declining by a revised record 1.7 percent in November as falling energy prices continued to decrease and contributed significantly to the lower cpi levels..... http://www.countingpips.com/CPBlog/2009/January/15.html http://www.countingpips.com/CPBlog/2009/January/15.html Thu, 15 Jan 2009 19:07:00 GMT The European Central Bank announced today that it lowered its main interest rate by 50 basis points in response to the Eurozone's weakening economy. Today's reduction brings the interest rate down from 2.50 percent to 2.00 percent and follows the last rate reduction on December 4th when the rate was slashed by 75 basis points.... http://www.countingpips.com/CPBlog/2009/January/14.html http://www.countingpips.com/CPBlog/2009/January/14.html Wed, 14 Jan 2009 18:02:00 GMT U.S. Retail Sales decreased for the sixth month in a row in December according to a report by the U.S. Commerce Department released today. Advance estimates of December retail sales showed that sales fell by 2.7 percent... http://www.countingpips.com/CPBlog/2009/January/13.html http://www.countingpips.com/CPBlog/2009/January/13.html Tue, 13 Jan 2009 18:09:00 GMT The United States trade deficit decreased much more than expected in November according to a release by the Commerce Department today. The U.S. trade deficit declined by 28.7 percent as the deficit... http://www.countingpips.com/CPBlog/2009/January/12.html http://www.countingpips.com/CPBlog/2009/January/12.html Mon, 12 Jan 2009 20:38:00 GMT Canada's New Housing Price Index decreased in November according to a report released today by Statistics Canada. The Canadian New Housing Price Index fell for the second month in a row in November as the index declined by 0.3 percent.... http://www.countingpips.com/CPBlog/2009/January/09.html http://www.countingpips.com/CPBlog/2009/January/09.html Fri, 9 Jan 2009 18:51:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell by more than 500,000 for the second straight month in December. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 524,000 jobs in December following a revised drop of 584,000 jobs in November..... http://www.countingpips.com/CPBlog/2009/January/08.html http://www.countingpips.com/CPBlog/2009/January/08.html Thu, 8 Jan 2009 20:47:00 GMT The Bank of England announced the decision to cut its interest rate by 50 basis points today to bring the rate to 1.50 percent from 2.00 percent. This rate reduction brings the BOE interest rate to its lowest level since the establishment of the bank in the late 1600s..... http://www.countingpips.com/CPBlog/2009/January/07.html http://www.countingpips.com/CPBlog/2009/January/07.html Wed, 7 Jan 2009 19:49:00 GMT U.S. employment data was released today in the form of the ADP National Employment Report and showed that private employment fell much more than expected in the month of December. According to today's report, nonfarm private employment dropped by 639,000 jobs in the November to December period.... http://www.countingpips.com/CPBlog/2009/January/06.html http://www.countingpips.com/CPBlog/2009/January/06.html Tue, 6 Jan 2009 18:31:00 GMT U.S. Pending Homes sales declined in the month of November to drop to its lowest level on record according to the monthly report released by the National Association of Realtors(NAR) today. The NAR report showed that pending home sales contracts signed by buyers declined 4.0 percent in November.... http://www.countingpips.com/CPBlog/2009/January/05.html http://www.countingpips.com/CPBlog/2009/January/05.html Mon, 5 Jan 2009 19:37:00 GMT U.S. Construction Spending declined in November as spending was down for the second month in a row. The U.S. Commerce Department released data today that showed construction spending decreased 0.6 percent..... http://www.countingpips.com/CPBlog/2009/January/02.html http://www.countingpips.com/CPBlog/2009/January/02.html Fri, 2 Jan 2009 19:09:00 GMT U.S. Manufacturing data, released today by the Institute for Supply Management, showed that manufacturing activity fell in December for the fifth straight month and registered a 28-year low...... http://www.countingpips.com/CPBlog/2008/December/31.html http://www.countingpips.com/CPBlog/2008/December/31.html Wed, 31 Dec 2008 18:21:00 GMT CountingPips would like to wish everyone a very happy new year and may all of your trading goals be reached! ........... Weekly U.S. jobless claims declined in the week that ended on December 27th according to a release by the U.S. Labor Department today. Jobless claims fell by 94,000 workers to a total of 492,000 unemployed workers. The week prior's 586,000 unemployed workers was a 26-year high in unemployment claims...... http://www.countingpips.com/CPBlog/2008/December/30.html http://www.countingpips.com/CPBlog/2008/December/30.html Tue, 30 Dec 2008 19:41:00 GMT Consumer confidence declined to a record low in data released today by the Conference Board today. The Conference Board Consumer Confidence Index, a survey of 5,000 households, showed that consumer confidence declined..... http://www.countingpips.com/CPBlog/2008/December/29.html http://www.countingpips.com/CPBlog/2008/December/29.html Mon, 29 Dec 2008 19:26:00 GMT The French economy grew in the third quarter of 2008 and avoided recession according to a new release today by the National Institute for Statistics and Economic Studies(INSEE). Today's report showed that the French Gross Domestic Product grew by 0.1 percent in the July..... http://www.countingpips.com/CPBlog/2008/December/24-1.html http://www.countingpips.com/CPBlog/2008/December/24-1.html Wed, 24 Dec 2008 16:01:00 GMT The U.S. dollar has been mixed in forex trading today against the major currencies in thin trading on Christmas Eve day. The euro has advanced verses the dollar as the EUR/USD has edged up from today's...... http://www.countingpips.com/CPBlog/2008/December/24.html http://www.countingpips.com/CPBlog/2008/December/24.html Wed, 24 Dec 2008 14:37:00 GMT The Canadian Gross Domestic Product decreased in October according to a report by Statistics Canada released today. The Canadian GDP decreased in October by 0.1 percent following a rise of 0.1 percent in September...... http://www.countingpips.com/CPBlog/2008/December/23-1.html http://www.countingpips.com/CPBlog/2008/December/23-1.html Tue, 23 Dec 2008 18:17:00 GMT U.S. Existing Homes sales dropped in month of November according to the monthly report produced by the National Association of Realtors. The NAR report showed that existing-home sales including single family homes, co-ops and townhouses decreased 8.6 percent in November..... http://www.countingpips.com/CPBlog/2008/December/23.html http://www.countingpips.com/CPBlog/2008/December/23.html Tue, 23 Dec 2008 16:41:00 GMT The British pound has been trading lower in the forex markets against the major currencies today. The pound is trading at the 1.4722 level verses the US dollar in the US trading session at 11:13am ET after touching below the 1.4700 level. The GBP/USD opened the day trading at the 1.4831 level..... http://www.countingpips.com/CPBlog/2008/December/22.html http://www.countingpips.com/CPBlog/2008/December/22.html Mon, 22 Dec 2008 19:15:00 GMT A light economic release schedule coinciding with the heart of the holiday season has seen mostly quiet currency trading today. The US dollar has been mixed against the major currencies in trading.... http://www.countingpips.com/CPBlog/2008/December/19.html http://www.countingpips.com/CPBlog/2008/December/19.html Fri, 19 Dec 2008 19:19:00 GMT The Canadian dollar has been mixed today in the currency markets against most of the major currencies. The US dollar has gained ground verses the Canadian dollar from today's opening exchange rate of 1.2055 to trading at 1.2254 this afternoon in the US trading session at 1:54pm ET...... http://www.countingpips.com/CPBlog/2008/December/18-1.html http://www.countingpips.com/CPBlog/2008/December/18-1.html Thu, 18 Dec 2008 19:44:00 GMT The U.S. Leading Indicators Index published by the Conference Board today showed a decline in the month of November. The Leading Indicator Index, which measures future economic activity, registered a 0.4 percent...... http://www.countingpips.com/CPBlog/2008/December/18.html http://www.countingpips.com/CPBlog/2008/December/18.html Thu, 18 Dec 2008 18:39:00 GMT Today, the Canadian dollar also known as the loonie, has lost ground verses the U.S. dollar from today's opening exchange rate of 1.1911 to trading at 1.1952 this afternoon in the US trading session at 1:28pm ET. The euro has fallen verses the loonie in trading today as the EUR/CAD currency pair has declined from 1.7196 to trading at 1.7101...... http://www.countingpips.com/CPBlog/2008/December/17.html http://www.countingpips.com/CPBlog/2008/December/17.html Wed, 17 Dec 2008 21:05:00 GMT The euro has continued to gain in forex trading against most of the major currencies while establishing a new record high verses the British pound..... http://www.countingpips.com/CPBlog/2008/December/16.html http://www.countingpips.com/CPBlog/2008/December/16.html Tue, 16 Dec 2008 24:05:00 GMT The U.S. Federal Open Market Committee concluded its monetary policy meeting by cutting its benchmark interest rate by 75 basis points today to a record low interest rate level.... http://www.countingpips.com/CPBlog/2008/December/15.html http://www.countingpips.com/CPBlog/2008/December/15.html Mon, 15 Dec 2008 22:07:00 GMT New York manufacturing activity continued to fall in December as sentiment among New York manufacturers edged lower according to data released today by the New York Federal Reserve.... http://www.countingpips.com/CPBlog/2008/December/12.html http://www.countingpips.com/CPBlog/2008/December/12.html Fri, 12 Dec 2008 20:22:00 GMT U.S. Retail Sales decreased for the fifth month in a row in November according to a report by the U.S. Commerce Department released today. Advance estimates of November retail sales showed that sales decreased by 1.8 percent.... http://www.countingpips.com/CPBlog/2008/December/11-1.html http://www.countingpips.com/CPBlog/2008/December/11-1.html Thu, 11 Dec 2008 17:54:00 GMT Today's forex market has seen US dollar weakness as the American currency is falling lower against all of the major currencies. The euro has increased verses the dollar as the EUR/USD pair has climbed from today's opening rate of 1.3046 dollars per euro at 00:00 GMT to trading at 1.3354 in the afternoon of the U.S. trading session..... http://www.countingpips.com/CPBlog/2008/December/11.html http://www.countingpips.com/CPBlog/2008/December/11.html Thu, 11 Dec 2008 16:11:00 GMT The Swiss National Bank announced today its decision to reduce its interest rate by 50 basis points effective immediately. The new 3-month Libor rate target range is 0.00-1.00 percent with the SNB holding the rate in the center of that range for a 0.50 percent interest rate..... http://www.countingpips.com/CPBlog/2008/December/10.html http://www.countingpips.com/CPBlog/2008/December/10.html Wed, 10 Dec 2008 18:06:00 GMT The euro reached a new all time record high verses the British pound in forex trading as the euro reached the 0.8800 pounds per euro level earlier before retreating lower. The new record comes as poor economic news..... http://www.countingpips.com/CPBlog/2008/December/09-1.html http://www.countingpips.com/CPBlog/2008/December/09-1.html Tue, 09 Dec 2008 20:08:00 GMT U.S. Pending Homes sales declined in the month of October according to the monthly report produced by the National Association of Realtors. The NAR report showed that pending home sales contracts signed by buyers declined 0.7 percent in October..... http://www.countingpips.com/CPBlog/2008/December/09.html http://www.countingpips.com/CPBlog/2008/December/09.html Tue, 09 Dec 2008 19:10:00 GMT The Bank of Canada reduced its interest rate by 75 basis points to 1.50 percent today according to a government release. The rate cut comes after the Bank lowered their interest rate by a total 75 basis points in two separate reductions in October..... http://www.countingpips.com/CPBlog/2008/December/08.html http://www.countingpips.com/CPBlog/2008/December/08.html Mon, 08 Dec 2008 22:11:00 GMT Today's forex market action saw renewed risk appetite as stocks rose today and with the U.S. dollar and Japanese yen losing ground to the other major currencies. The Dow Jones Industrial Average gained almost 300 points while Nasdaq rose by 62 points and the SandP 500 rose by over 33 points..... http://www.countingpips.com/CPBlog/2008/December/05.html http://www.countingpips.com/CPBlog/2008/December/05.html Fri, 05 Dec 2008 16:42:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell much more than expected in November and posted the biggest monthly drop in payrolls since December 1974. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 533,000 jobs in November following a revised drop of 320,000 jobs in October..... http://www.countingpips.com/CPBlog/2008/December/04.html http://www.countingpips.com/CPBlog/2008/December/04.html Thu, 04 Dec 2008 15:33:00 GMT The Bank of England announced the decision to cut its interest rate by 100 basis points today to bring the official bank rate to 2.00 percent from 3.00 percent, its lowest level in over fifty years. This 100 point..... http://www.countingpips.com/CPBlog/2008/December/03-2.html http://www.countingpips.com/CPBlog/2008/December/03-2.html Wed, 03 Dec 2008 23:06:00 GMT The Reserve Bank of New Zealand reduced its interest rate by 150 basis points today according to a government release. The rate reduction brought the official cash rate from 6.50 percent to 5.00 percent..... http://www.countingpips.com/CPBlog/2008/December/03-1.html http://www.countingpips.com/CPBlog/2008/December/03-1.html Wed, 03 Dec 2008 18:06:00 GMT U.S. employment data was released today in the form of the ADP National Employment Report and the report showed a decrease of 250,000 jobs for the October to November........ http://www.countingpips.com/CPBlog/2008/December/03.html http://www.countingpips.com/CPBlog/2008/December/03.html Wed, 03 Dec 2008 12:19:00 GMT The Australian economy grew at the slowest pace in almost eight years in the third quarter of 2008 according to a release today by the Australian Bureau of Statistics. The GDP report released today showed that the Gross Domestic Product grew by 0.1 percent in the July to September quarter following growth in the second quarter of a revised 0.4 percent........ http://www.countingpips.com/CPBlog/2008/December/02.html http://www.countingpips.com/CPBlog/2008/December/02.html Tue, 02 Dec 2008 15:57:00 GMT The Reserve Bank of Australia lowered its interest rate by more than expected overnight, surpassing market predictions and marking the third month in a row the RBA has slashed the rate by at least 75 basis points. The RBA announced that it had reduced its official cash lending rate by a full percentage point today from 5.25 percent to 4.25 percent........ http://www.countingpips.com/CPBlog/2008/December/01.html http://www.countingpips.com/CPBlog/2008/December/01.html Mon, 01 Dec 2008 18:59:00 GMT U.S. Manufacturing data, released today by the Institute for Supply Management, showed that manufacturing activity failed to grow in November for the fourth straight month and registered a 26-year low......... http://www.countingpips.com/CPBlog/2008/November/28.html http://www.countingpips.com/CPBlog/2008/November/28.html Fri, 28 Nov 2008 16:21:00 GMT Eurozone consumer prices dropped in November according to a flash estimate report released by Eurostat today. The eurozone consumer price index, a gauge of inflation, declined by 1.1 percent........ http://www.countingpips.com/CPBlog/2008/November/26.html http://www.countingpips.com/CPBlog/2008/November/26.html Wed, 26 Nov 2008 12:56:00 GMT The U.K. Gross Domestic Product fell by 0.5 percent in the third quarter according to a report released by the Office of National Statistics today. The third quarter GDP registered a decline of 0.5 percent........ http://www.countingpips.com/CPBlog/2008/November/25.html http://www.countingpips.com/CPBlog/2008/November/25.html Tue, 25 Nov 2008 16:54:00 GMT The preliminary estimate report released today showed that the U.S. Gross Domestic Product contracted at an annual rate of 0.5 percent in the July to September quarter following a real 2.8 percent annual rate of growth in the 2nd quarter........ http://www.countingpips.com/CPBlog/2008/November/24.html http://www.countingpips.com/CPBlog/2008/November/24.html Mon, 24 Nov 2008 14:44:00 GMT U.S. Existing Homes sales retreated in month of October after increasing in September according to the monthly report produced by the National Association of Realtors. The NAR report showed that existing-home sales....... http://www.countingpips.com/CPBlog/2008/November/21.html http://www.countingpips.com/CPBlog/2008/November/21.html Fri, 21 Nov 2008 16:53:00 GMT The Canadian dollar has gained ground against the US dollar today in forex trading after falling verses the American currency for the last three days. The USD/CAD currency pair opened trading today at 1.2843 cad per usd....... http://www.countingpips.com/CPBlog/2008/November/20-01.html http://www.countingpips.com/CPBlog/2008/November/20-01.html Thu, 20 Nov 2008 19:13:00 GMT The Swiss National Bank announced today its decision to reduce its interest rate by 100 basis points effective immediately on concerns of slowing economic activity in Switzerland. The new Libor target range....... http://www.countingpips.com/CPBlog/2008/November/20.html http://www.countingpips.com/CPBlog/2008/November/20.html Thu, 20 Nov 2008 17:29:00 GMT The dollar has made gains in fx trading today despite the dismal economic news releases today as the U.S. currency has gained against the pound, yen, loonie, aussie, kiwi and Swiss franc while declining verses the euro....... http://www.countingpips.com/CPBlog/2008/November/19.html http://www.countingpips.com/CPBlog/2008/November/19.html Wed, 19 Nov 2008 14:33:00 GMT Consumer Prices in the U.S. decreased by the most in over 60 years in October according to a report released today by the U.S. Department of Labor. The Consumer Price Index fell by 1.0 percent...... http://www.countingpips.com/CPBlog/2008/November/18.html http://www.countingpips.com/CPBlog/2008/November/18.html Tue, 18 Nov 2008 17:42:00 GMT The U.S. Producer Price Index released in a report by the Department of Labor fell the most on record in October as energy costs continued to decline and eased inflation on finished goods...... http://www.countingpips.com/CPBlog/2008/November/17.html http://www.countingpips.com/CPBlog/2008/November/17.html Mon, 17 Nov 2008 21:12:00 GMT The U.S. dollar has been losing ground today in the forex market as the American currency has declined against the euro, pound, aussie, yen, kiwi and Canadian loonie in trading. The euro has increased from today's opening rate of 1.2564 to trading at 1.2649 dollars per euro near the end..... http://www.countingpips.com/CPBlog/2008/November/14-01.html http://www.countingpips.com/CPBlog/2008/November/14-01.html Fri, 14 Nov 2008 20:12:00 GMT U.S. Retail Sales decreased more than expected in October according to a report by the U.S. Commerce Department released today. Advance estimates of October retail sales showed that sales decreased by 2.8 percent............ http://www.countingpips.com/CPBlog/2008/November/14.html http://www.countingpips.com/CPBlog/2008/November/14.html Fri, 14 Nov 2008 15:31:00 GMT The Eurozone saw a contraction of its economy in the third quarter of this year signaling the economy is in recession according to a preliminary estimate by Eurostat released today............ http://www.countingpips.com/CPBlog/2008/November/13.html http://www.countingpips.com/CPBlog/2008/November/13.html Thu, 13 Nov 2008 15:01:00 GMT The German Gross Domestic Product decreased in the third quarter according to a report by German Federal Statistics Office released today. Germany's economy has entered into a recession........... http://www.countingpips.com/CPBlog/2008/November/12.html http://www.countingpips.com/CPBlog/2008/November/12.html Wed, 12 Nov 2008 22:10:00 GMT The U.S. dollar advanced verses most of the major currencies for a third straight day as US stocks fell and Treasury Secretary Henry Paulson announced changes to the U.S. rescue package........... http://www.countingpips.com/CPBlog/2008/November/11.html http://www.countingpips.com/CPBlog/2008/November/11.html Tue, 11 Nov 2008 18:16:00 GMT News out of Germany today, the ZEW Indicator of Economic Sentiment Survey was released and showed that economic sentiment edged up in November from October by 9.5 points. November's rise registered a -53.5 index score following October's -63.0 score........... http://www.countingpips.com/CPBlog/2008/November/10.html http://www.countingpips.com/CPBlog/2008/November/10.html Mon, 10 Nov 2008 18:21:00 GMT U.K. Producer Prices declined more than expected in the month of October as lower oil prices helped cool off U.K. factory inflation according to a release by National Statistics today. Producer prices fell by 1.0 percent in October.......... http://www.countingpips.com/CPBlog/2008/November/07.html http://www.countingpips.com/CPBlog/2008/November/07.html Fri, 07 Nov 2008 17:11:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell much more than expected in October and declined for the tenth straight month. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 240,000 jobs in October following a revised drop of 284,000 jobs in September.......... http://www.countingpips.com/CPBlog/2008/November/06-01.html http://www.countingpips.com/CPBlog/2008/November/06-01.html Thu, 06 Nov 2008 18:05:00 GMT The Swiss National Bank announced today its decision to reduce its interest rate by 50 basis points effective immediately. The new Libor target range is 1.50-2.50 percent with the SNB holding the rate in the center of that range for a 2.00 percent interest rate........ http://www.countingpips.com/CPBlog/2008/November/06.html http://www.countingpips.com/CPBlog/2008/November/06.html Thu, 06 Nov 2008 16:55:00 GMT The Bank of England announced the decision to cut its interest rate by 1.50 percent today to bring the rate to 3.00 percent from 4.50 percent. This rate reduction was much more than expected and the largest BOE cut in 27 years....... http://www.countingpips.com/CPBlog/2008/November/05.html http://www.countingpips.com/CPBlog/2008/November/05.html Wed, 05 Nov 2008 20:10:00 GMT Eurozone Retail Sales decreased in September according to a news release by EuroStat earlier today. September retail sales declined 0.2 percent in the 15 country Eurozone after increasing by a revised 0.3 percent in August........ http://www.countingpips.com/CPBlog/2008/November/04.html http://www.countingpips.com/CPBlog/2008/November/04.html Tue, 04 Nov 2008 14:13:00 GMT The Reserve Bank of Australia lowered its interest rate by more than expected overnight surpassing market predictions. The RBA....... http://www.countingpips.com/CPBlog/2008/November/03.html http://www.countingpips.com/CPBlog/2008/November/03.html Mon, 03 Nov 2008 20:43:00 GMT U.S. manufacturing activity declined by 4.6 percentage points in the month of October according to a report released today by the Institute for Supply Management. The Manufacturing ISM....... http://www.countingpips.com/CPBlog/2008/October/31-01.html http://www.countingpips.com/CPBlog/2008/October/31-01.html Fri, 31 Oct 2008 20:51:00 GMT U.S. Consumer spending decreased in the month of September according to a new release by the U.S. Commerce Department today. Personal consumer spending decreased by 0.3 percent in September, marking the largest decline in spending since June of 2004........ http://www.countingpips.com/CPBlog/2008/October/31.html http://www.countingpips.com/CPBlog/2008/October/31.html Fri, 31 Oct 2008 17:21:00 GMT The Canadian Gross Domestic Product decreased in August according to a report by Statistics Canada released today. Canadian GDP decreased in August by 0.3 percent....... http://www.countingpips.com/CPBlog/2008/October/30.html http://www.countingpips.com/CPBlog/2008/October/30.html Thu, 30 Oct 2008 17:34:00 GMT The U.S. economy contracted in the 3rd quarter of 2008 according to a release by the U.S. Commerce Department. The advance estimate report released today showed that the U.S. Gross Domestic Product contracted at an annual rate of 0.3 percent........ http://www.countingpips.com/CPBlog/2008/October/29.html http://www.countingpips.com/CPBlog/2008/October/29.html Wed, 29 Oct 2008 20:31:00 GMT The U.S. Federal Open Market Committee concluded its monetary policy meeting by cutting its benchmark interest rate by 50 basis points today. Today's rate cut comes after the Fed had previously lowered the interest rate by 50 basis points on October 8th in coordination with other major central banks........ http://www.countingpips.com/CPBlog/2008/October/28.html http://www.countingpips.com/CPBlog/2008/October/28.html Tue, 28 Oct 2008 18:54:00 GMT Consumer Confidence hit a record low in October according to the Conference Board Consumer Confidence Index released today. The consumer index, representing responses from 5,000 U.S. households, showed that consumer confidence fell............ http://www.countingpips.com/CPBlog/2008/October/27.html http://www.countingpips.com/CPBlog/2008/October/27.html Mon, 27 Oct 2008 19:22:00 GMT The U.S. dollar and Japanese yen have started the week off advancing against most of the other major currencies in forex trading in a continuation of last week. The opening of trading on Sunday saw the dollar and yen quickly making gains against most currencies before starting to retreat............ http://www.countingpips.com/CPBlog/2008/October/24-01.html http://www.countingpips.com/CPBlog/2008/October/24-01.html Fri, 24 Oct 2008 21:40:00 GMT The U.S. dollar and Japanese yen continued to thrive amid the financial market turbulence against the other major currencies. The yen advanced against all of the other majors today and the dollar advanced against all the majors today except the yen and Swiss franc............ http://www.countingpips.com/CPBlog/2008/October/24.html http://www.countingpips.com/CPBlog/2008/October/24.html Fri, 24 Oct 2008 17:32:00 GMT The U.K. Gross Domestic Product fell more than anticipated in the third quarter and showed the first quarterly contraction since 1992 according to a report released by the Office of National Statistics today........... http://www.countingpips.com/CPBlog/2008/October/23.html http://www.countingpips.com/CPBlog/2008/October/23.html Thu, 23 Oct 2008 16:33:00 GMT Retail Sales data was released today out of the United Kingdom and showed that retail sales fell in September according to a report by National Statistics. September's retail sales decreased by 0.4 percent following an increase of 1.2 percent in August.......... http://www.countingpips.com/CPBlog/2008/October/22-01.html http://www.countingpips.com/CPBlog/2008/October/22-01.html Wed, 22 Oct 2008 21:55:00 GMT The Reserve Bank of New Zealand reduced its interest rate by 100 basis points or one full percentage point today according to a government release. The rate reduction brought the official cash rate from 7.50 percent to 6.50 percent......... http://www.countingpips.com/CPBlog/2008/October/22.html http://www.countingpips.com/CPBlog/2008/October/22.html Wed, 22 Oct 2008 20:34:00 GMT Canadian Retail Sales decreased in August according to a report by Statistics Canada released today. August retail sales decreased by 0.3 percent to C$35.9 billion following an increase of 0.1 percent in July......... http://www.countingpips.com/CPBlog/2008/October/21.html http://www.countingpips.com/CPBlog/2008/October/21.html Tue, 21 Oct 2008 17:44:00 GMT The Bank of Canada announced today that it had lowered its interest rate by 25 basis points to 2.25 percent. Today's rate cut comes after the BOC had previously lowered the interest rate by 50 basis points on October 8th in coordination with other major central banks......... http://www.countingpips.com/CPBlog/2008/October/20.html http://www.countingpips.com/CPBlog/2008/October/20.html Mon, 20 Oct 2008 20:05:00 GMT The U.S. Leading Indicators Index published by the Conference Board today showed an increase in September for the first time in five months. The Leading Indicator Index, which measures future economic activity, registered a 0.3 percent increase........ http://www.countingpips.com/CPBlog/2008/October/17.html http://www.countingpips.com/CPBlog/2008/October/17.html Fri, 17 Oct 2008 17:54:00 GMT Economic news out today saw further troubling economic signs for the U.S. economy as U.S. consumer confidence fell by the biggest monthly fall on record and housing construction also showed declines in September........ http://www.countingpips.com/CPBlog/2008/October/16.html http://www.countingpips.com/CPBlog/2008/October/16.html Thu, 16 Oct 2008 20:02:00 GMT U.S. Consumer Prices were unchanged in the month of September and the energy index declined for the second month in a row according to a report released today by the U.S. Department of Labor. The Consumer Price Index....... http://www.countingpips.com/CPBlog/2008/October/15.html http://www.countingpips.com/CPBlog/2008/October/15.html Wed, 15 Oct 2008 20:14:00 GMT U.S. Retail Sales decreased more than expected in September according to a report by the U.S. Commerce Department released today. Advance estimates of September retail sales showed that sales decreased by 1.2 percent to $375.5 billion from August....... http://www.countingpips.com/CPBlog/2008/October/14.html http://www.countingpips.com/CPBlog/2008/October/14.html Tue, 14 Oct 2008 20:44:00 GMT Consumer Prices in the U.K. increased by 0.5 percent in September according to a report released today by National Statistics. The Consumer Price Index gain of 0.5 percent change was above market forecasts which were predicting a 0.4 percent rise...... http://www.countingpips.com/CPBlog/2008/October/10.html http://www.countingpips.com/CPBlog/2008/October/10.html Fri, 10 Oct 2008 20:35:00 GMT The United States trade deficit decreased more than expected in August according to a release by the Commerce Department today. The U.S. trade deficit declined by 3.5 percent as the deficit registered a $59.1 billion in August...... http://www.countingpips.com/CPBlog/2008/October/09.html http://www.countingpips.com/CPBlog/2008/October/09.html Thu, 09 Oct 2008 16:15:00 GMT Weekly U.S. jobless claims declined in the week that ended on October 4th according to a release by the U.S. Labor Department today. Jobless claims fell by 20,000 workers to a total of 478,000 unemployed workers from the week prior's 498,000 unemployed workers. A 4-week moving average increased by 8,250 from the prior week to 482,500 workers....... http://www.countingpips.com/CPBlog/2008/October/08.html http://www.countingpips.com/CPBlog/2008/October/08.html Wed, 08 Oct 2008 16:05:00 GMT Major central banks around the globe, in an unprecendented move, coordinated reductions in their respective interest rates today in a bid to ease pressures of the credit crisis and crashing global stock exchanges. The U.S. Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada, Riksbank of Sweden and the Chinese Central Bank all reduced their interest rates this morning in effort to stem market fears and slowing economies around the world....... http://www.countingpips.com/CPBlog/2008/October/07.html http://www.countingpips.com/CPBlog/2008/October/07.html Tue, 07 Oct 2008 18:35:00 GMT The Reserve Bank of Australia lowered its interest rate by the most since 1992, surpassing market predictions and helping propel the Australian dollar lower in currency trading today. The RBA announced that it had reduced its official cash lending rate by a full percentage point today from 7.00 percent to 6.00 percent. The rate cut surpassed market forecasts expecting an interest rate reduction of only half a percentage point or 50 basis points and follows a reduction of 25 basis points in September. The percentage point reduction is the largest rate cut since May of 1992 when the RBA also reduced by 1.0 percent and brings the interest rate to its lowest point since August 2006...... http://www.countingpips.com/CPBlog/2008/October/06.html http://www.countingpips.com/CPBlog/2008/October/06.html Mon, 06 Oct 2008 21:57:00 GMT The Japanese yen and U.S. dollar have been the beneficiary of credit crisis fears spreading today as stock markets around the world declined and traders sold off high yielding currencies......... http://www.countingpips.com/CPBlog/2008/October/03.html http://www.countingpips.com/CPBlog/2008/October/03.html Fri, 03 Oct 2008 20:27:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell much more than expected in September and fell by the largest monthly amount in five years. The Department of Labor nonfarm payrolls report showed that U.S. payrolls shed 159,000 jobs in September following a revised drop of 73,000 jobs in August and marked the largest payroll decline since March of 2003 when payrolls declined by 212,000 workers. The unemployment rate remained steady at 6.1 percent in September following a jump by 0.4 percent in August. The decline in job data surpassed market forecasts that were expecting an approximate decline of 105,000 jobs for the month......... http://www.countingpips.com/CPBlog/2008/October/02.html http://www.countingpips.com/CPBlog/2008/October/02.html Thu, 02 Oct 2008 19:07:00 GMT The European Central Bank announced today that it decided to keep its main interest rate unchanged at 4.25 percent. The rate announcement was in line with the forecasted market expectations and is the second straight month the ECB has left the rate unchanged........ http://www.countingpips.com/CPBlog/2008/October/01.html http://www.countingpips.com/CPBlog/2008/October/01.html Wed, 01 Oct 2008 19:12:00 GMT U.S. employment data was released today in the form of the ADP National Employment Report and the report showed a decrease of 8,000 jobs for September from August. This follows the July to August revised decline of 33,000 jobs. The decrease in September jobs surpassed market forecasts that were expecting a decline of 50,000 jobs....... http://www.countingpips.com/CPBlog/2008/September/30-1.html http://www.countingpips.com/CPBlog/2008/September/30-1.html Tue, 30 Sep 2008 20:02:00 GMT The U.S. dollar continued to show strength in the forex markets today as the American currency has advanced verses all the major currencies. The dollar advanced verses the Japanese yen after falling yesterday to trading at 106.37 yen per dollar in the afternoon of the U.S. trading session. The euro tumbled for the second straight day today against the dollar as the EUR/USD pair traded at the 1.4065 level today. Helping push the euro lower today was the announcement that the French and Belgian governments provided funding to Dexia SA, a lender to local governments...... http://www.countingpips.com/CPBlog/2008/September/30.html http://www.countingpips.com/CPBlog/2008/September/30.html Tue, 30 Sep 2008 18:22:00 GMT The Canadian Gross Domestic Product increased in July according to a report by Statistics Canada released today beating market forecasts. Canadian GDP increased in July by 0.7 percent following a rise of 0.1 percent in June..... http://www.countingpips.com/CPBlog/2008/September/29.html http://www.countingpips.com/CPBlog/2008/September/29.html Mon, 29 Sep 2008 20:43:00 GMT U.S. consumer spending was virtually unchanged in the month of August according to a new data release by the U.S. Commerce Department today. Consumer spending, which makes up two thirds or more of the U.S. economy, increased by less than 0.1 percent in August following a revised 0.1 percent rise in July..... http://www.countingpips.com/CPBlog/2008/September/26.html http://www.countingpips.com/CPBlog/2008/September/26.html Fri, 26 Sep 2008 20:20:00 GMT The U.S. Commerce Department released its final estimated data on the U.S. gross domestic product today and the data showed that the GDP grew less than the previously reported prelimanary estimate. The U.S. economy grew at 2.8 percent in the April to June quarter according to the revised data after the previous estimate pegged the GDP growth rate at 3.3 percent. Despite the revision, the second quarter GDP growth surpassed the first quarter GDP growth rate of 0.9 percent and the 0.2 percent contraction in the fourth quarter of 2007.... http://www.countingpips.com/CPBlog/2008/September/25.html http://www.countingpips.com/CPBlog/2008/September/25.html Thu, 25 Sep 2008 18:58:00 GMT Economic news out of the U.S. today was less than stellar as durable goods orders declined more than forecast and new home sales fell to its lowest annual rate in 17 years in the month of August. The US dollar has gained in forex trading against the all of the major currencies except the Canadian dollar today despite the gloomy economic news....... http://www.countingpips.com/CPBlog/2008/September/24.html http://www.countingpips.com/CPBlog/2008/September/24.html Wed, 24 Sep 2008 17:50:00 GMT The U.S. dollar has been mixed in currency trading today against the other major currencies. The euro, pound, yen, loonie and the Swiss franc have all declined verses the dollar while the aussie and kiwi dollars have advanced today against the American currency. The EUR/USD pair has declined from today's opening rate of 1.4680 dollars per euro to trading at 1.4660 in the US afternoon trading session...... http://www.countingpips.com/CPBlog/2008/September/23.html http://www.countingpips.com/CPBlog/2008/September/23.html Tue, 23 Sep 2008 22:48:00 GMT Canadian consumer prices increased in August to an annual rate gain of 3.5 percent, a rise from July's 3.4 percent annual increase according to data released today by Statistics Canada. Higher energy costs, including a 26.3 percent annual gain in gasoline prices helped contribute to the highest annual rate of consumer prices since 2003........ http://www.countingpips.com/CPBlog/2008/September/22.html http://www.countingpips.com/CPBlog/2008/September/22.html Mon, 22 Sep 2008 18:08:00 GMT Canadian Retail Sales increased in July according to a report by Statistics Canada released today. July retail sales increased by 0.1 percent to C$36.0 billion and followed a revised increase of 0.6 percent in June. The rise in Retail sales was slightly less than anticipated by economic forecasts which had expected an increase in the sales numbers by 0.2 percent......... http://www.countingpips.com/CPBlog/2008/September/19.html http://www.countingpips.com/CPBlog/2008/September/19.html Fri, 19 Sep 2008 16:48:00 GMT The European euro is on its way to closing out the week higher verses the U.S. dollar after three consecutive weeks of losing ground. The EUR/USD pair started the week at approximately 1.4228 dollars per euro and has increased to trading at 1.4400 in the U.S. afternoon on Friday. The euro is also looking to close the week higher verses the Japanese yen at 154.55 yen per euro while looking to lose ground for week against the Canadian dollar, Swiss franc and against the British pound for the second straight week ........ http://www.countingpips.com/CPBlog/2008/September/18.html http://www.countingpips.com/CPBlog/2008/September/18.html Thu, 18 Sep 2008 17:58:00 GMT The Swiss National Bank announced today its decision to keep its interest rate unchanged. The current Libor target range is 2.25-3.25 percent with the SNB aiming for the center of that range for a 2.75 percent rate. Citing a global economic slowdown, which "is now spreading to Europe" and the persistence in inflation, the SNB stated that the rate should be left steady for the time being. ........ http://www.countingpips.com/CPBlog/2008/September/17.html http://www.countingpips.com/CPBlog/2008/September/17.html Wed, 17 Sep 2008 17:51:00 GMT The Eurozone's international trade deficit grew larger in July according to a data release from Eurostat today. The eurozone's 15 countries that use the euro currency showed a trade deficit of 2.3 billion euros in July after a revised deficit of 0.2 billion euros in June. July's deficit was a marked decline from July 2007 which had shown a surplus of 5.0 billion euros. The July deficit was below market expectations as market forecasts had expected a deficit of 3.0 billion euros for the month........ http://www.countingpips.com/CPBlog/2008/September/16.html http://www.countingpips.com/CPBlog/2008/September/16.html Tue, 16 Sep 2008 20:01:00 GMT The U.S. Federal Open Market Committee decided to leave its benchmark interest rate unchanged today at 2.00 percent despite the economic turmoil on Wall Street this week. The bankruptcy filing of Lehman Brothers, the sale of Merrill Lynch to Bank of America and financing troubles of insurance giant AIG raised speculation that the Fed might be inclined to reduce the interest rate. A rate reduction did not come to pass as the committee voted unanimously(10-0) to hold the rate steady for the third meeting in a row. The FOMC last reduced the interest rate on April 30th and has reduced the rate seven times since September 2007....... http://www.countingpips.com/CPBlog/2008/September/15.html http://www.countingpips.com/CPBlog/2008/September/15.html Mon, 15 Sep 2008 18:05:00 GMT The U.S. dollar has been mixed in forex trading on a wild Monday for the world's financial markets as news of the bankruptcy of Lehman Brothers and the sale of Merrill Lynch to Bank of America has dominated the news wires. The dollar has fallen verses the Japanese yen from this week's opening rate of trading at approximately 107.94 yen per dollar to trading at 105.65 yen per dollar in the afternoon of the U.S. trading session. The Japanese yen has been the biggest beneficiary of the newest turmoil to hit the financial markets as the yen has gained against all the major currencies in today's trading...... http://www.countingpips.com/CPBlog/2008/September/12.html http://www.countingpips.com/CPBlog/2008/September/12.html Fri, 12 Sep 2008 18:45:00 GMT U.S. Retail Sales decreased more than expected in August according to a report by the U.S. Commerce Department released today. Advance estimates of August retail sales decreased by 0.3 percent to $381.2 billion from July but sales have gained by 1.6 percent above August 2007 level. Market forecasts were expecting a rise of 0.2 percent for August following July's revised decline of 0.5 percent from June..... http://www.countingpips.com/CPBlog/2008/September/11.html http://www.countingpips.com/CPBlog/2008/September/11.html Thu, 11 Sep 2008 19:06:00 GMT The United States trade deficit grew more than expected in July according to a release by the Commerce Department today. The U.S. trade deficit grew to its highest level in 16 months to $62.2 billion in July and follows a revised deficit of $58.8 billion in June. Market forecasts were expecting a deficit of approximately $58.0 billion for the month. The U.S. had a total of $168.1 billion worth of exports in July.... http://www.countingpips.com/CPBlog/2008/September/10.html http://www.countingpips.com/CPBlog/2008/September/10.html Wed, 10 Sep 2008 21:56:00 GMT The Reserve Bank of New Zealand announced today that it had reduced the NZ official cash rate by 50 basis points to 7.50 percent. This follows last month's rate reduction of 25 basis points to 8.00 percent. The July RBNZ statement forecasted more rate cuts to come as economic growth slowed, business confidence erodes and as inflation is starting to moderate.......... http://www.countingpips.com/CPBlog/2008/September/09.html http://www.countingpips.com/CPBlog/2008/September/09.html Tue, 09 Sep 2008 17:11:00 GMT U.S. Pending Homes sales declined in the month of July following June's more than expected rise according to the monthly report produced by the National Association of Realtors. The NAR report showed that pending home sales contracts signed by buyers declined 3.2 percent in July and falling more than market expectations had predicted.............. http://www.countingpips.com/CPBlog/2008/September/08.html http://www.countingpips.com/CPBlog/2008/September/08.html Mon, 08 Sep 2008 17:19:00 GMT U.K. Producer Prices declined more than expected in the month of August as lower oil prices helped cool off U.K. factory inflation according to a release by National Statistics today. Producer prices fell by 0.6 percent in August, marking the largest one month drop in 22 years. The fall in producer prices surpassed market forecasts which were expecting a 0.1 percent increase for August following July's revised 0.5 percent increase. On an annual basis, producer prices registered a 9.7 percent increase over last August following July's 10.3 percent annual increase and below market forecasts expecting a 10.0 percent annual increase. Falling petroleum prices contributed the most to the lower producer prices............. http://www.countingpips.com/CPBlog/2008/September/05.html http://www.countingpips.com/CPBlog/2008/September/05.html Fri, 05 Sep 2008 14:09:00 GMT U.S. Nonfarm Payrolls employment data released today showed that jobs fell by 84,000 workers in the month of August. The Department of Labor nonfarm payrolls report showed a decline for the eighth straight month as the unemployment rate increased to 6.1 percent in August. The employment results were worse than than expected as market forecasts were predicting a drop of approximately 71,000 jobs............. http://www.countingpips.com/CPBlog/2008/September/04.html http://www.countingpips.com/CPBlog/2008/September/04.html Thu, 04 Sep 2008 19:01:00 GMT The Eurozone's weakening economic growth and the speculation that interest rates may have to come down has propelled the euro lower today in currency trading today against the U.S. dollar, Japanese yen, British pound, Swiss franc and the Canadian dollar. The euro fell to the lowest level against the U.S. dollar today since December 21st of 2007 and to its lowest level verses the Swiss franc since April 16th............ http://www.countingpips.com/CPBlog/2008/September/03.html http://www.countingpips.com/CPBlog/2008/September/03.html Wed, 03 Sep 2008 18:52:00 GMT The Bank of Canada announced its decision to keep its interest rate unchanged at 3.00 percent today. The decision to keep the interest rate steady was widely expected by economic and market forecasts. The Bank of Canada has kept the interest rate unchanged since reducing the rate by 50 basis points in each of April and March........... http://www.countingpips.com/CPBlog/2008/September/02.html http://www.countingpips.com/CPBlog/2008/September/02.html Tue, 02 Sep 2008 17:41:00 GMT The Reserve Bank of Australia lowered its official cash lending rate by a quarter of a percent today to 7.00 percent amid an economic slowdown and helped push the Australian Dollar lower in forex trading. Today's interest rate cut was widely expected by market forecasts and marks the first RBA rate deduction since 2001 as the Australian economy experiences a slowdown with declines in household spending, production and business activity.......... http://www.countingpips.com/CPBlog/2008/August/29.html http://www.countingpips.com/CPBlog/2008/August/29.html Fri, 29 Aug 2008 20:31:00 GMT The U.S. dollar has continued to gain in the forex market today and is on its way to finishing higher verses the European euro for the fifth out of the last six weeks. Today, the EUR/USD currency pair has declined from approximately 1.4742 to trading at 1.4671 before the U.S. session close. The U.S. dollar has staged a remarkable rally verses the European currency after the euro reached a record high of 1.6038 dollars per euro on July 15th as the Eurozone has started experiencing slowing economic growth and speculation of impending interest rate cuts......... http://www.countingpips.com/CPBlog/2008/August/28.html http://www.countingpips.com/CPBlog/2008/August/28.html Thu, 28 Aug 2008 17:44:00 GMT The U.S. economy grew more than expected in the 2nd quarter of 2008 according to a release by the U.S. Commerce Department and helping spur the U.S. dollar higher in currency trading today. The preliminary estimate report released today showed that the U.S. Gross Domestic Product grew at an annual rate of 3.3 percent in the April to June quarter following a 0.9 percent annual rate of growth in the 1st quarter and a 0.2 percent GDP contraction in the 4th quarter of 2007........ http://www.countingpips.com/CPBlog/2008/August/27.html http://www.countingpips.com/CPBlog/2008/August/27.html Wed, 27 Aug 2008 16:23:00 GMT The U.S. dollar has been gaining ground today in the forex market against all of the major currencies. The dollar has increased against the euro today from the open at approximately 1.4732 dollars per euro to trading in the U.S. afternoon at 1.4678. The dollar has also advanced verses the British pound sterling today to trading at approximately 1.8317 pounds per dollar and showing a gain from the start of the day at 1.8466....... http://www.countingpips.com/CPBlog/2008/August/26.html http://www.countingpips.com/CPBlog/2008/August/26.html Tue, 26 Aug 2008 20:20:00 GMT The U.S. dollar rose in forex trading today as gloomy economic news out of Europe helped to propel the dollar to a six month high verses the European euro. The dollar reached its highest exchange rate verses the euro since February 14th of this year at approximately 1.4580 dollars per euro today before giving back some of its gains and trading at 1.4655 in late afternoon of the U.S. trading session...... http://www.countingpips.com/CPBlog/2008/August/25.html http://www.countingpips.com/CPBlog/2008/August/25.html Mon, 25 Aug 2008 15:22:00 GMT U.S. Existing Homes sales increased more than expected for the month of July according to the monthly report produced by the National Association of Realtors. The NAR report..... http://www.countingpips.com/CPBlog/2008/August/22.html http://www.countingpips.com/CPBlog/2008/August/22.html Fri, 22 Aug 2008 14:01:00 GMT The pound sterling has been losing ground to the other major currencies today in the forex market after the revised GDP numbers. The euro has increased against the pound as the EUR/GBP currency pair..... http://www.countingpips.com/CPBlog/2008/August/21.html http://www.countingpips.com/CPBlog/2008/August/21.html Thu, 21 Aug 2008 18:07:00 GMT Retail Sales data was released today out of the United Kingdom and showed that retail sales rebounded in July and surpassed economic forecasts. The UK retail sales data, released by National Statistics, increased by 0.8 percent in July.. http://www.countingpips.com/CPBlog/2008/August/20.html http://www.countingpips.com/CPBlog/2008/August/20.html Wed, 20 Aug 2008 19:11:00 GMT Canadian Retail Sales increased in June according to the monthly report released by Statistics Canada today. Retail sales increased by 0.5 percent http://www.countingpips.com/CPBlog/2008/August/19-01.html http://www.countingpips.com/CPBlog/2008/August/19-01.html Tue, 19 Aug 2008 20:31:00 GMT The U.S. dollar has lost ground today in the forex market against most of the major currencies as stocks have also retreated and crude oil has gained. The euro has increased against the dollar.....read more. http://www.countingpips.com/CPBlog/2008/August/19.html http://www.countingpips.com/CPBlog/2008/August/19.html Tue, 19 Aug 2008 18:44:00 GMT German producer prices rise more than expected in July. ZEW Survey edges up.....read more. http://www.countingpips.com/CPBlog/2008/August/18.html http://www.countingpips.com/CPBlog/2008/August/18.html Mon, 18 Aug 2008 17:35:00 GMT The euro has been mixed in forex trading with today being a quiet day on the news front. The euro has shown a little gain verses the U.S. dollar....read more. http://www.countingpips.com/CPBlog/2008/August/15.html http://www.countingpips.com/CPBlog/2008/August/15.html Fri, 15 Aug 2008 18:20:00 GMT The U.S. dollar continued on it bullish path today as many economic news releases out of the United States showed positive numbers, helping the dollar finish the week higher against its global currency rivals.....read more. http://www.countingpips.com/CPBlog/2008/August/14-01.html http://www.countingpips.com/CPBlog/2008/August/14-01.html Thu, 14 Aug 2008 19:01:00 GMT The U.S. dollar has risen today against the euro in forex trading following the inflation data and the news that the eurozone economy contracted in the 2nd quarter. The dollar started the day at....read more. http://www.countingpips.com/CPBlog/2008/August/14.html http://www.countingpips.com/CPBlog/2008/August/14.html Thu, 14 Aug 2008 16:55:00 GMT The Eurozone saw a contraction of its economy in the 2nd quarter of this year according to a news release by Eurostat today. The 15-nation eurozone gross domestic product declined by 0.2 percent....read more. http://www.countingpips.com/CPBlog/2008/August/13.html http://www.countingpips.com/CPBlog/2008/August/13.html Wed, 13 Aug 2008 16:22:00 GMT U.S. Retail Sales decreased in July according to a report by the U.S. Commerce Department released today. Advance estimates of July retail sales decreased by 0.1 percent.....read more. http://www.countingpips.com/CPBlog/2008/August/12.html http://www.countingpips.com/CPBlog/2008/August/12.html Tue, 12 Aug 2008 14:11:00 GMT The U.S. dollar has been relatively mixed in forex trading during the early U.S. session. The USD was losing some ground today against the euro after hitting a 5-month high overnight......read more. http://www.countingpips.com/CPBlog/2008/August/11.html http://www.countingpips.com/CPBlog/2008/August/11.html Mon, 11 Aug 2008 17:05:00 GMT The pound sterling has lost ground to the U.S. dollar in forex trading today while being mixed against other major currencies.....read more. http://www.countingpips.com/CPBlog/2008/August/08.html http://www.countingpips.com/CPBlog/2008/August/08.html Fri, 08 Aug 2008 20:05:00 GMT The U.S. dollar continued its recent rise in the forex markets by finishing off the week in strong fashion as the USD has advanced against all the major currencies this week. The dollar has reached its highest exchange rate against the euro today since.....read more. http://www.countingpips.com/CPBlog/2008/August/07.html http://www.countingpips.com/CPBlog/2008/August/07.html Thu, 07 Aug 2008 16:45:00 GMT The citing of weaker economic growth in the ECB statement has helped propel the euro lower in forex trading today.....read more. http://www.countingpips.com/CPBlog/2008/August/06.html http://www.countingpips.com/CPBlog/2008/August/06.html Wed, 06 Aug 2008 16:23:00 GMT Against the Japanese yen today, the dollar has traded at its highest exchange rate since January 9th of this year at approximately 109.50 yen per dollar and is approaching the 110.00 yen per.....read more. http://www.countingpips.com/CPBlog/2008/August/05-01.html http://www.countingpips.com/CPBlog/2008/August/05-01.html Tue, 05 Aug 2008 19:44:00 GMT The U.S. Federal Open Market Committee kept its benchmark interest rate unchanged today at 2.00 percent as expected. The FOMC voting was 10-1 in favor of no change in rate with Richard W. Fisher being the lone dissenting vote.....read more. http://www.countingpips.com/CPBlog/2008/August/05.html http://www.countingpips.com/CPBlog/2008/August/05.html Tue, 05 Aug 2008 12:03:00 GMT The Reserve Bank of Australia held its official cash lending rate unchanged today at 7.25 percent and the Australian dollar has been losing ground after the bank statement hinted that rate cuts may be coming soon......read more. http://www.countingpips.com/CPBlog/2008/August/04.html http://www.countingpips.com/CPBlog/2008/August/04.html Mon, 04 Aug 2008 17:11:00 GMT The U.S. dollar has been on the rise verses most of the major currencies in forex trading today as U.S. economic data slightly beat market expectations and as crude oil has been in retreat. The Department of Commerce report today on personal income and outlays.....read more. http://www.countingpips.com/CPBlog/2008/August/01-01.html http://www.countingpips.com/CPBlog/2008/August/01-01.html Fri, 01 Aug 2008 17:03:00 GMT The U.S. dollar has gained against the euro, pound sterling, New Zealand dollar, Australian dollar, Canadian dollar and Swiss franc today in the forex markets while falling a bit verses the yen. The dollar traded as low as 1.5516 verses the euro today.....read more. http://www.countingpips.com/CPBlog/2008/August/01.html http://www.countingpips.com/CPBlog/2008/August/01.html Fri, 01 Aug 2008 12:11:00 GMT German retail sales fell in the month of June according to a release today by the Federal Statistical Office Germany. Retail sales fell 1.4 percent in June after a revised 0.5 percent increase in May......read more. http://www.countingpips.com/CPBlog/2008/July/31-01.html http://www.countingpips.com/CPBlog/2008/July/31-01.html Thu, 31 Jul 2008 17:23:00 GMT The U.S. dollar has been mixed in U.S. session forex trading today with mostly sideways trading after early initial declines verses most major currencies and some subsequent pullbacks. The EUR/USD pair saw both up.....read more. http://www.countingpips.com/CPBlog/2008/July/31.html http://www.countingpips.com/CPBlog/2008/July/31.html Thu, 31 Jul 2008 17:00:00 GMT The Canadian Gross Domestic Product declined by 0.1 percent in May according to a report by Statistics Canada released today. The May decline follows a gain of 0.4 percent.....read more. http://www.countingpips.com/CPBlog/2008/July/30.html http://www.countingpips.com/CPBlog/2008/July/30.html Wed, 30 Jul 2008 18:22:00 GMT The U.S. dollar has been still riding high in the currency markets today extending gains against most of its major currency counterparts for a second straight day. Providing a boost to the dollar today was an unexpected rise in employment numbers.....read more. http://www.countingpips.com/CPBlog/2008/July/29.html http://www.countingpips.com/CPBlog/2008/July/29.html Tue, 29 Jul 2008 17:12:00 GMT The U.S. dollar rose in forex trading today as oil prices fell below $121 and a consumer confidence survey showed better than expected results. The dollar hit its highest exchange rate against the euro.....read more. http://www.countingpips.com/CPBlog/2008/July/28.html http://www.countingpips.com/CPBlog/2008/July/28.html Mon, 28 Jul 2008 17:33:00 GMT Today, in the forex market, there is a limited news release schedule with the GfK German consumer confidence survey and Australian new homes data highlighting the releases. The week picks up tomorrow with news out of Europe.....read more. http://www.countingpips.com/CPBlog/2008/July/25-01.html http://www.countingpips.com/CPBlog/2008/July/25-01.html Fri, 25 Jul 2008 16:41:00 GMT Economic news out of the U.S. today was to the upside as durable goods orders and new home sales data both increased more than expected for the month of June. The University of Michigan/Reuters consumer confidence survey was also released, improving from last month.....read more. http://www.countingpips.com/CPBlog/2008/July/25.html http://www.countingpips.com/CPBlog/2008/July/25.html Fri, 25 Jul 2008 15:36:00 GMT The U.K. Gross Domestic Product grew by 0.2 percent in the second quarter of 2008 according to a report released by the Office of National Statistics today. The U.K. GDP growth.....read more. http://www.countingpips.com/CPBlog/2008/July/24.html http://www.countingpips.com/CPBlog/2008/July/24.html Thu, 24 Jul 2008 17:11:00 GMT The pound sterling has been feeling the effects of the poor retail sales numbers in forex trading today as it has fallen verses most of the major currencies. The GBP/USD opened.....read more. http://www.countingpips.com/CPBlog/2008/July/23.html http://www.countingpips.com/CPBlog/2008/July/23.html Wed, 23 Jul 2008 15:43:00 GMT Australia's inflation increased more than expected in the second quarter of 2008 according to data released today by the Australian Bureau of Statistics. Australia's consumer price index increased by 1.5 percent in the second quarter of 2008 following a first quarter increase of 1.3 percent.....read more. http://www.countingpips.com/CPBlog/2008/July/22.html http://www.countingpips.com/CPBlog/2008/July/22.html Tue, 22 Jul 2008 15:18:00 GMT Canadian Retail Sales increased in May according to a report by Statistics Canada released today......read more. http://www.countingpips.com/CPBlog/2008/July/21.html http://www.countingpips.com/CPBlog/2008/July/21.html Mon, 21 Jul 2008 14:11:00 GMT Highlighting the limited economic release schedule for today was data on producer prices out of Australia and Switzerland while the leading indicators index was also released out of the United States.....read more. http://www.countingpips.com/CPBlog/2008/July/18.html http://www.countingpips.com/CPBlog/2008/July/18.html Fri, 18 Jul 2008 15:44:00 GMT The Euro-zone's international trade balance turned into a deficit in May according to a data release from Eurostat today. The euro zone's 15 countries....read more. http://www.countingpips.com/CPBlog/2008/July/17.html http://www.countingpips.com/CPBlog/2008/July/17.html Thu, 17 Jul 2008 17:23:00 GMT The U.S. dollar has been on the rise against most of the major currencies in forex trading today. The dollar has made gains against the Japanese yen, Swiss franc, European euro, Canadian dollar, British pound and the New Zealand dollar.....read more. http://www.countingpips.com/CPBlog/2008/July/16.html http://www.countingpips.com/CPBlog/2008/July/16.html Wed, 16 Jul 2008 11:02:00 GMT The U.S. dollar has been mixed in forex trading action against the major currencies today. ....read more. http://www.countingpips.com/CPBlog/2008/July/15-02.html http://www.countingpips.com/CPBlog/2008/July/15-02.html Tue, 15 Jul 2008 20:02:00 GMT The euro reached a new all time record high verses the U.S. dollar in forex trading as the European currency reached 1.6038 dollars per euro earlier today before retreating lower. The previous record was reached on April 22nd of this year at the exchange rate of 1.6019 dollars per euro....read more. http://www.countingpips.com/CPBlog/2008/July/15-01.html http://www.countingpips.com/CPBlog/2008/July/15-01.html Tue, 15 Jul 2008 18:11:00 GMT The Bank of Canada announced its decision to keep its interest rate unchanged at 3.00 percent today......read more. http://www.countingpips.com/CPBlog/2008/July/15.html http://www.countingpips.com/CPBlog/2008/July/15.html Tue, 15 Jul 2008 14:03:00 GMT The GBP pound has been on the rise today in the currency trading markets with rises against the European euro and the U.S. dollar. The EUR/GBP pair has been trading around 0.7960 today after opening the trading week above 0.8000.....read more. http://www.countingpips.com/CPBlog/2008/July/11.html http://www.countingpips.com/CPBlog/2008/July/11.html Fri, 11 Jul 2008 16:23:00 GMT Economic news out of Canada was released today by Statistics Canada. Canadian employment decreased by an estimated 5,000 workers in the month of June after showing an increase of 8,400 in May.....read more. http://www.countingpips.com/CPBlog/2008/July/10-01.html http://www.countingpips.com/CPBlog/2008/July/10-01.html Thu, 10 Jul 2008 16:01:00 GMT The Australian dollar has gained against many of its major currency trading counterparts in the last 24 hours as inflation data and employment data have been released. Australian consumer inflation expectations.....read more. http://www.countingpips.com/CPBlog/2008/July/10.html http://www.countingpips.com/CPBlog/2008/July/10.html Thu, 10 Jul 2008 15:14:00 GMT The BOE decided hold its interest rate unchanged at 5.00 percent for the third month in a row as widely expected by market forecasts.....read more. http://www.countingpips.com/CPBlog/2008/July/09.html http://www.countingpips.com/CPBlog/2008/July/09.html Wed, 09 Jul 2008 15:23:00 GMT Economic releases out of the European Union today were highlighted by trade balance figures from the two of the union's biggest economies, Germany and France.....read more. http://www.countingpips.com/CPBlog/2008/July/08.html http://www.countingpips.com/CPBlog/2008/July/08.html Tue, 08 Jul 2008 16:01:00 GMT U.S. Pending Homes sales declined in the month of May following April's unexpected rise according to the monthly report produced by the National Association of Realtors. ......read more. http://www.countingpips.com/CPBlog/2008/July/07.html http://www.countingpips.com/CPBlog/2008/July/07.html Mon, 07 Jul 2008 15:06:00 GMT Canadian building permits rose in May for the second month in a row according to a report by Statistics Canada released today. Building permits, used as a barometer of future construction, increased by 1.1 percent in May after a revised increase of 17 percent in April.........read more. http://www.countingpips.com/CPBlog/2008/July/03-01.html http://www.countingpips.com/CPBlog/2008/July/03-01.html Thu, 03 Jul 2008 17:14:00 GMT U.S. Nonfarm Payrolls employment data was released today and the report showed that jobs fell in the month of June. The Department of Labor nonfarm payrolls report fell by 62,000 jobs in June following up a decrease of 62,000 jobs in May and marked the sixth straight month of decline........read more. http://www.countingpips.com/CPBlog/2008/July/03.html http://www.countingpips.com/CPBlog/2008/July/03.html Thu, 03 Jul 2008 15:11:00 GMT The European Central Bank increased its key interest rate 25 basis points today to 4.25 percent. The ECB raised its interest rate as widely expected to try to curb the effects of inflation and keeping in tune with their monetary policy mandate of price stability.......read more. http://www.countingpips.com/CPBlog/2008/July/02.html http://www.countingpips.com/CPBlog/2008/July/02.html Wed, 02 Jul 2008 17:21:00 GMT Australian retail sales edged up in May according to a report released by the Australian Bureau of Statistics today. May seasonally adjusted retail sales increased by 0.7 percent after retail sales registered a revised 0.1 percent decline in April and a revised increase of 0.3 percent in March......read more. http://www.countingpips.com/CPBlog/2008/July/01.html http://www.countingpips.com/CPBlog/2008/July/01.html Tue, 01 Jul 2008 13:07:00 GMT The Reserve Bank of Australia kept its official cash lending rate unchanged today at 7.25 percent for the fourth month in a row amid inflation concerns and a slowing economy......read more. http://www.countingpips.com/CPBlog/2008/June/30.html http://www.countingpips.com/CPBlog/2008/June/30.html Mon, 30 Jun 2008 14:21:00 GMT The Canadian Gross Domestic Product increased in April according to a report by Statistics Canada released today beating market forecasts and reversing two straight months of decline. Canadian GDP increased in April by 0.4 percent following a decline of 0.2 percent in each of March and February.....read more. http://www.countingpips.com/CPBlog/2008/June/27.html http://www.countingpips.com/CPBlog/2008/June/27.html Fri, 27 Jun 2008 16:21:00 GMT The finalized consumer sentiment survey by the University of Michigan and Reuters surpassed its lowest level in over 26 years in June.....read more. http://www.countingpips.com/CPBlog/2008/June/26.html http://www.countingpips.com/CPBlog/2008/June/26.html Thu, 26 Jun 2008 16:21:00 GMT U.S. Existing Homes sales increased more than expected for the month of May according to the monthly report produced by the National Association of Realtors. The NAR report showed that existing-home sales including single family homes, co-ops and townhouses increased 2.0 percent in May to a seasonally adjusted annual rate of 4.99 million units......read more. http://www.countingpips.com/CPBlog/2008/June/25-01.html http://www.countingpips.com/CPBlog/2008/June/25-01.html Wed, 25 Jun 2008 19:01:00 GMT The U.S. Federal Open Market Committee left its benchmark interest rate unchanged today at 2.00 percent as expected. The FOMC voting was 9-1 in favor of no......read more. http://www.countingpips.com/CPBlog/2008/June/25.html http://www.countingpips.com/CPBlog/2008/June/25.html Wed, 25 Jun 2008 15:27:00 GMT New Home Sales in the United States declined in May according to data released by the Department of Commerce. New home sales fell 2.5 percent in May for an annual rate of 512,000 which fell short of April's revised total of 525,000 sales......read more. http://www.countingpips.com/CPBlog/2008/June/24.html http://www.countingpips.com/CPBlog/2008/June/24.html Tue, 24 Jun 2008 16:14:00 GMT Home prices in the U.S. continue to decline as the Standard and Poor's Case-Shiller index released today showed that home prices fell a record amount in April when compared to a year ago.....read more. http://www.countingpips.com/CPBlog/2008/June/23.html http://www.countingpips.com/CPBlog/2008/June/23.html Mon, 23 Jun 2008 17:03:00 GMT The European euro lost ground today against the U.S. dollar in forex trading as a German Business Climate Survey showed worse than expected results.....read more. http://www.countingpips.com/CPBlog/2008/June/20.html http://www.countingpips.com/CPBlog/2008/June/20.html Fri, 20 Jun 2008 15:03:00 GMT Canadian Retail Sales increased in April according to a report by Statistics Canada released today. April retail sales bumped up 0.6 percent to $35.6 billion and followed up a revised no change in March.....read more. http://www.countingpips.com/CPBlog/2008/June/19.html http://www.countingpips.com/CPBlog/2008/June/19.html Thu, 19 Jun 2008 16:43:00 GMT The Philadelphia Manufacturing Index released today by the Philadelphia Fed showed a decline for June in its business outlook survey. The Philly general business diffusion index fell to -17.1 in June after May's score of -15.6. June's -17.1 level marked the seventh straight month of negative scores.....read more. http://www.countingpips.com/CPBlog/2008/June/18.html http://www.countingpips.com/CPBlog/2008/June/18.html Wed, 18 Jun 2008 16:43:00 GMT The Canadian Leading Indicators Index released today by Statistics Canada showed a gain in May after three months of negative or no change......read more. http://www.countingpips.com/CPBlog/2008/June/17.html http://www.countingpips.com/CPBlog/2008/June/17.html Tue, 17 Jun 2008 16:03:00 GMT The United States trade deficit grew more than expected in the 1st quarter according to a release by the Commerce Department today. The U.S. trade deficit reached $176.4 billion in the 1st quarter following a revised deficit of $167.2 billion in the 4th quarter of 2007. Market forecasts were expecting a deficit of around $172.5 billion for the January through March quarter.....read more. http://www.countingpips.com/CPBlog/2008/June/16.html http://www.countingpips.com/CPBlog/2008/June/16.html Mon, 16 Jun 2008 16:23:00 GMT New York manufacturing activity continued to fall in June as sentiment among New York manufacturers declined by more than expected according to data released today by the New York Federal Reserve.....read more. http://www.countingpips.com/CPBlog/2008/June/13.html http://www.countingpips.com/CPBlog/2008/June/13.html Fri, 13 Jun 2008 17:23:00 GMT Consumer Prices in the U.S. rose the fastest in six months in May according to a report released today by the U.S. Department of Labor. The Consumer Price Index, a key measurement of inflation, increased by 0.6 percent in May following up an increase of 0.2 percent in April. May's CPI annual rate increased to 4.2 percent up from 3.9 percent in April.....read more. http://www.countingpips.com/CPBlog/2008/June/12.html http://www.countingpips.com/CPBlog/2008/June/12.html Thu, 12 Jun 2008 17:03:00 GMT U.S. Retail Sales increased in May by more than anticipated according to a report by the U.S. Commerce Department released today. Advance estimates of retail sales increased 1.0 percent to $385.4 billion in May, beating market forecasts that were predicting a 0.5 percent increase for the month....read more. http://www.countingpips.com/CPBlog/2008/June/11.html http://www.countingpips.com/CPBlog/2008/June/11.html Wed, 11 Jun 2008 16:03:00 GMT The United Kingdom's total trade deficit increased in April according to a release by the Office of National Statistics today.........read more. http://www.countingpips.com/CPBlog/2008/June/10.html http://www.countingpips.com/CPBlog/2008/June/10.html Tue, 10 Jun 2008 15:44:00 GMT The Bank of Canada announced its decision to keep its interest rate unchanged at 3.00 percent today. The decision to keep the interest rate unchanged was unexpected as economic forecasts and analysts were predicting a rate cut of 25 basis points after a decline in first quarter GDP. The Bank of Canada cited inflation concerns as the underlying factor against a rate cut as the report stated.........read more. http://www.countingpips.com/CPBlog/2008/June/09.html http://www.countingpips.com/CPBlog/2008/June/09.html Mon, 09 Jun 2008 17:13:00 GMT U.S. Pending Homes sales rose unexpectedly for the month of April according to the monthly report produced by the National Association of Realtors. The NAR report showed that pending home sales contracts signed by buyers increased 6.3 percent in April beating market expectations and increasing the most in one month since 2001...........read more. http://www.countingpips.com/CPBlog/2008/June/06.html http://www.countingpips.com/CPBlog/2008/June/06.html Fri, 06 Jun 2008 16:13:00 GMT U.S. Nonfarm Payrolls employment data was released today and the report showed that jobs fell in the month of May and the unemployment rate rose more than expected. The Department of Labor nonfarm payrolls report fell by 49,000 jobs in May following up a revised decrease of 28,000 jobs in April and marked the fifth straight month of decline..........read more. http://www.countingpips.com/CPBlog/2008/June/05.html http://www.countingpips.com/CPBlog/2008/June/05.html Thu, 05 Jun 2008 16:13:00 GMT Overnight, the Reserve Bank of New Zealand also announced its decision to leave its official cash rate unchanged at 8.25 percent but said that the rate will probably be lowered later this year. The New Zealand economy is seeing weakening economic growth and fighting high inflation rates that have risen above the governments preferred target rates..........read more. http://www.countingpips.com/CPBlog/2008/June/04.html http://www.countingpips.com/CPBlog/2008/June/04.html Wed, 04 Jun 2008 16:43:00 GMT The Australian dollar jumped in forex trading today with the release of the positive GDP numbers. The Aussie increased against the US dollar and Japanese yen as the AUD/USD pair crossed the 0.9610 mark and the AUD/JPY pair crossed the 101.00 threshold.........read more. http://www.countingpips.com/CPBlog/2008/June/03.html http://www.countingpips.com/CPBlog/2008/June/03.html Tue, 03 Jun 2008 16:22:00 GMT The Australian dollar has been mixed in forex trading against most major currencies today. The Aussie dollar has gained against the Japanese yen today as the AUD/JPY, a popular carry trade pair, has jumped from 99.28 to 100.40 in trading today.........read more. http://www.countingpips.com/CPBlog/2008/June/02.html http://www.countingpips.com/CPBlog/2008/June/02.html Mon, 02 Jun 2008 16:05:00 GMT U.S. Manufacturing data, released today by the Institute for Supply Management, showed that manufacturing activity failed to grow in May for the fourth straight month. May's ISM Report On Business index readings for economic activity were at 49.6 percent, an increase over April's 48.6 percent and better than economic forecasts which expected a 48.5 percent reading.........read more. http://www.countingpips.com/CPBlog/2008/May/30.html http://www.countingpips.com/CPBlog/2008/May/30.html Fri, 30 May 2008 16:11:00 GMT The Canadian Gross Domestic Product declined by 0.3 percent annualized rate in the first quarter of 2008 according to a report by Statistics Canada released today. The first quarter decline is the first quarterly decline in GDP since 2003 and follows the 0.8 percent annualized GDP growth in the fourth quarter of 2007........read more. http://www.countingpips.com/CPBlog/2008/May/29.html http://www.countingpips.com/CPBlog/2008/May/29.html Thu, 29 May 2008 17:13:00 GMT The dollar has increased to an exchange rate of 1.5508 dollars per euro today which is a gain of over 200 pips from the beginning of trading this week while the dollar has also increased against the yen to trade at 105.79 yen per dollar in today's trading. .......read more. http://www.countingpips.com/CPBlog/2008/May/28.html http://www.countingpips.com/CPBlog/2008/May/28.html Wed, 28 May 2008 16:13:00 GMT Durable goods orders in the United States fell 0.5 percent in April but managed to surpass economic forecasts according to news released by the U.S. Commerce Department today. April posted a $1.0 billion decrease in new orders for durable goods to a total of $214.4 billion. April's decline follows up a decrease of 0.3 percent in March and is the fourth month in a row that durable goods have declined.......read more. http://www.countingpips.com/CPBlog/2008/May/27.html http://www.countingpips.com/CPBlog/2008/May/27.html Tue, 27 May 2008 16:03:00 GMT Home prices in the U.S. continue to decline according to the Standard and Poors Case-Shiller Home Price Index released today which showed home prices fell by a record amount in the first quarter of 2008. House prices declined by 14.1 percent in the first quarter compared to the same quarter last year. The S and P Case-Shiller Index measures sales prices of existing single-family homes nationally and tracks 10-city and 20-city composite home price measurements......read more. http://www.countingpips.com/CPBlog/2008/May/23.html http://www.countingpips.com/CPBlog/2008/May/23.html Fri, 23 May 2008 16:21:00 GMT The NAR report showed that existing-home sales including single family homes, co-ops and townhouses decreased 1.0 percent in April to a seasonally adjusted annual rate of 4.89 million units.......read more. http://www.countingpips.com/CPBlog/2008/May/22.html http://www.countingpips.com/CPBlog/2008/May/22.html Thu, 22 May 2008 14:51:00 GMT Canadian Retail Sales increased in March according to a report by Statistics Canada released today. March retail sales bumped up 0.1 percent to $35.5 billion and followed a revised decrease of 0.8 percent in February.......read more. http://www.countingpips.com/CPBlog/2008/May/21.html http://www.countingpips.com/CPBlog/2008/May/21.html Wed, 21 May 2008 15:53:00 GMT The 15 nation European currency gained ground after the news release and is trading higher today in the forex market. The euro has increased its worth against the dollar today to 1.5770 dollars per euro.......read more. http://www.countingpips.com/CPBlog/2008/May/20.html http://www.countingpips.com/CPBlog/2008/May/20.html Tue, 20 May 2008 13:45:00 GMT The Bank of Japan held its interest rate unchanged at 0.50 percent today in a government announcement. The Bank Monetary Policy Committee unanimously voted for the rate decision.......read more. http://www.countingpips.com/CPBlog/2008/May/19.html http://www.countingpips.com/CPBlog/2008/May/19.html Mon, 19 May 2008 14:33:00 GMT The U.S. Leading Indicators Index published by the Conference Board today showed an increase in April. The Leading Indicator Index, which measures future economic activity, registered a 0.1 percent increase in April following an increase of 0.1 percent in March and a 0.3 percent decrease in February. http://www.countingpips.com/CPBlog/2008/May/16.html http://www.countingpips.com/CPBlog/2008/May/16.html Fri, 16 May 2008 15:45:00 GMT The preliminary consumer sentiment survey by the University of Michigan and Reuters fell to its lowest point in almost 28 years in May. The consumer sentiment survey fell to a 59.5 score in May after a score of 62.6 in April in the report released today. The 59.5 survey score is the lowest reading registered by the survey since June of 1980.......read more. http://www.countingpips.com/CPBlog/2008/May/15.html http://www.countingpips.com/CPBlog/2008/May/15.html Thu, 15 May 2008 15:31:00 GMT The Philadelphia Manufacturing Business Index released today by the Philadelphia Federal Reserve Bank showed that its survey increased in May to beat market forecasts but was still in negative territory......read more. http://www.countingpips.com/CPBlog/2008/May/14.html http://www.countingpips.com/CPBlog/2008/May/14.html Wed, 14 May 2008 17:21:00 GMT Consumer Prices in the U.S. increased by 0.2 percent in April according to a report released today by the U.S. Department of Labor. The April Consumer Price Index gain of 0.2 percent change was below market forecasts which were predicting a 0.3 percent rise and follows a 0.3 percent rise in March......read more. http://www.countingpips.com/CPBlog/2008/May/13-01.html http://www.countingpips.com/CPBlog/2008/May/13-01.html Tue, 13 May 2008 17:04:00 GMT U.S. Retail Sales decreased in April according to a report by the U.S. Commerce Department released today. Advance estimates of April retail sales declined 0.2 percent to $378.1 billion from March but registered a gain of 2.0 percent over the April 2007 sales level. April's sales totals followed 0.2 percent increase in March and equaled market forecasts which were predicting a 0.2 percent fall........read more. http://www.countingpips.com/CPBlog/2008/May/13.html http://www.countingpips.com/CPBlog/2008/May/13.html Tue, 13 May 2008 16:01:00 GMT U.K. inflation increased more than expected in April according to data released today by National Statistics. The U.K.'s consumer price index increased by 0.8 percent in April following a March increase of 0.4 percent. .......read more.