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Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Australia’s retail sales gained for a sixth month in November advancing 0.8% from October. The strong labor market and rising wages were the catalyst for the rise as the Australian economy is full steam ahead. Look for the RBA to try and get out ahead of the economy with a rate hike in the near term. For more resources dedicated to this currency please, visit the new Australian Dollar Currency Room.
• [B]GBPUSD [/B]– UK consumer confidence fell to a ten month low as oil prices reach record highs and the housing market continues to slump. The Nationwide survey printed at 85, down a point from the previous month. Will the BoE cut rates? Discuss this and other related subjects in the GBP/USD Forum.
• [B]EURUSD [/B]– German retail sales unexpectedly declined in November for the second month falling 1.3% from October. Holiday sales severely disappointed as rising inflation is eroding purchasing power. German consumers have become cautious as rising energy and credit costs have dampened their economic outlook… What do you think will happen to the EUR/USD?Join the discussion and voice your opinion on the DailyFX Forum.
[I]• U.S. Will Escape Recession as Consumers Hold Up, Economist Say[/I] (link) – Bloomberg
• [I]Paulson Pessimistic Over Housing[/I] (link) – Financial Times
• [I]McCain, Clinton Bounce Back[/I] (link) – The Wall St Journal
• [I]UK Consumer Confidence Falls to 10-Month Low, Nationwide Says[/I] (link) – Bloomberg
• [I]Marks & Spencer Shares Slide on Unexpected Sales drop /I – Bloomberg
• [I]Gold, Platinum Rise to Record, Corn at 11-Year High[/I] (link) – Bloomberg
