[U]
[B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Australia’s Home Building approvals unexpectedly rose 8.9% in November rebounding from the previous month’s decline, fueled by its robust labor market and wage growth. The increased construction will add to inflationary pressures and increase pressure on the RBA to raise rates. For more resources dedicated to this currency please, visit the new Australian Dollar Currency Room.
• [B]GBPUSD [/B]– UK Housing prices as measured by the HBOS rose for the first time in four months with an average house price of 197,039 pounds. Prices rose 1.3% contradicting expert predictions of a decline of 0.5%. However, the report does contrast with others that have shown a monthly price decline. Is this a corrective move or has the UK Housing market turned? Discuss this and other related subjects in the GBP/USD Forum.
• [B]EURUSD [/B]– Euro Zone retail sales unexpectedly fell by 0.5% on a monthly basis and 1.4% yearly. Economist were expecting an increase of 0.5% monthly and 0.3% yearly but the number was weighed down by lower sales of food, drinks and tobacco. The fall is in line with the recent declines in economic sentiment and consumer confidence, showing signs of economic slowdown, which may be enough to ground E.C.B’s Trichet’s hawkish stance. What do you think will happen to the EUR/USD? Join the discussion and voice your opinion on the DailyFX Forum.
• [I]Cayne to Step Down as Bear Sterns CEO[/I] (link) – Bloomberg
• [I]Clinton Braces for Second Loss; Union Senators May Back Obama /I – The Wall St Journal
• [I]UK Retail Sales Rise at Slowest Pace in 21 Months; House Prices Fall /I – Bloomberg
• [I]Gold Rises to Record in London, New York, on Crude Oil, Dollar /I – Bloomberg
