[B]Fundamental Headlines[/B]
• [B]AUDUSD [/B]– Australia’s construction industry declined for a second month, according to the AiG Performance of Construction Index which fell to 42.6. from 47.7 in March. A 12 year high in interest rates has weighed on demand for housing, has seen the industry fall to its lowest level since 1995. For more news and resources, visit our Australian Dollar Currency Room.
• [B]GBPUSD [/B]– U.K. industrial production fell 0.5% in March against expectations of a 0.1% decline. U.K. producers are battling a the affects of the credit crunch on domestic demand and a global slowdown. A separate report reported consumer confidence falling to 70 from 77 in March. The dour fundamental data may force the BoE to cut rates tomorrow, despite expectations that they will keep them unchanged. Discuss the topic and your trade ideas in the GBP/USD Forum.
• [B]EURUSD [/B]– Eurozone retails sales unexpectedly fell 0.4% in March, against expectations of a 0.2% increase. The fall marked the second consecutive month of declines as February saw a revised 0.2% decline, and brought the year over year down to -1.6%- the lowest since 1995. Meanwhile, German factory orders fell 0.6% against expectations of 0.3%, marking the fourth straight decline. Discuss the topic and your trade ideas in the EUR/USD Forum.
• [I]Paulson Sees Credit Crisis Waning [/I] (link)– Wall Street Journal
• [I]Some See Oil At $150 a Barrel This Year [/I] (link) – Wall Street Journal
• [I]Regulatory Boost For Fannie Mae [/I] (link)– Financial Times
• [I]European Retail Sales Drop By Record On Rising Costs /I – Bloomberg
• [I]Bernanke Wants Fed To Pay Interest On Bank Reserves[/I] (link) – Bloomberg
