[B]Click Link to Listen to our Morning DailyFX Radio PodCast:
[/B]http://media.dailyfx.com/podcasts/FXRadioAM021408.mp3
Fundamental Headlines
• USDJPY – Japan’s economy grew twice as fast as predicted, as GDP expanded to 3.7 from 1.3 the previous month. Strong Asian demand offset a decrease from the US and spurred business investment. Signaling that the global economy may be weathering the US slowdown, and Japan’s Central Bank may not have to cut rates. For more news and resources, visit the new Japanese Yen Currency Room.
• AUDUSD –Australia’s labor market added 26,800 jobs against predictions of 15,000 by economists, dragging down the unemployment rate to 4.1% - the lowest since 1974. The economy has shown extreme resiliency in spite of the U.S. slowdown and RBA rate hikes. The extremely tight labor market will stoke inflation and force the MPC to continue raising rates. For more news and resources, visit the new Australian Dollar Currency Room.
• EURUSD – The European economy’s growth slowed as inflation deterred consumer spending. GDP for the Eurozone grew by 0.4% in the Q4 after a 0.8% gain in Q3 slowing the yearly growth to 2.3% from 2.7% the previous quarter. Despite the slowdown, growth was greater than expected, and will allow the ECB to maintain its neutral stance. Discuss the topic and your trade ideas in the EUR/USD Forum.
• Worried Bankers Seek to Shift Risk to Uncle Sam (link) – Wall Street Journal
• UBS Confirms Fourth- Quarter Loss on Subprime-Related Write Downs (link) – Wall Street Journal
• [I]Citic and Bear Sterns Renegotiating Tie-up /I – Financial Times
• Debt Crises spreads to Municipalities (link) – Financial Times
• Europe’s Economic Expansion Slowed in Fourth Quarter (link) – Bloomberg
• [I]MBIA Says it Can Weather Slump, Doesn’t Need Bailout /I – Bloomberg
Podcast by Terri Belkas, Currency Analyst, Forex Capital Markets LLC, DailyFX.com
Want to hear our PodCasts daily? Subscribe to them for free on[B]iTunes[/B]