[B][U]Fundamental Headlines[/U][/B]
• [B]USDJPY[/B] – Japan’s Eco Watchers survey fell to a nearly five year low of 36.6 in December, as sentiment on the economy becomes increasingly pessimistic, helping to raise speculation that the Bank of Japan will be forced to cut rates this year. For more resources dedicated to this currency please, visit the new Japanese Yen Currency Room.
• [B]EURUSD[/B] – German wholesale prices surprisingly fell in December by 0.5 percent, which may help alleviate some of the ECB’s inflation concerns. What do you think will happen to the EUR/USD? Join the discussion and voice your opinion on the DailyFX Forum.
• [B]GBPUSD[/B] – UK industrial production was weaker than expected at -0.1 percent, amidst weak manufacturing, mining, and oil/gas output. The manufacturing sector has already showed some cracks, as PMI pulled back throughout the fourth quarter to 52.9 in December. Discuss this and other related subjects in the GBP/USD Forum.
• [B]USDCAD[/B] – The Canadian economy unexpectedly lost 18,700 job in December, marking the first time the net employment change fell negative in 8 months. The news report sent USDCAD spiking nearly 100 points higher to the 1.02 level. Visit the new Canadian Dollar Currency Room for resources dedicated specifically to the Loonie.
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• [I]Giant Write-Down Is Seen for Merrill[/I] (link) – The New York Times
• [I]Moody’s Says Spending Threatens US Rating[/I] (link) – Financial Times
• [I]American Express to Take Big Charge as Loans Sour[/I] (link) – The Wall Street Journal
• [I]Japan’s Nikkei 225 Falls to Lowest Since 2005 on Subprime Woes[/I] (link) – Bloomberg
• [I]Northern Rock Agrees to Sell Mortgages to JPMorgan[/I] (link) – Bloomberg
• [I]China 2007 Trade Surplus A Record $262bn[/I] (link) – Financial Times
