[B][U]Fundamental Headlines[/U][/B]
[I]• NASDAQ OMX is Ready to Go [/I]– Wall Street Journal
[I]• Lehman Alters Leadership Ahead of Layoffs[/I] – Wall Street Journal
[I]• NYSE Euronext Draws Battle Lines Over MTFs[/I] – Financial Times
[I]• London Stock Exchange hit by Biggest Disruption in Eight Years[/I] – Bloomberg
[I]• U.S. Takeover of Fannie, Freddie Offers ‘Stopgaps’[/I] – Bloomberg
· [B]EURUSD – [/B]The Sentix investor confidence index fell for the third consecutive month to -20.2 from -15.3 in August, missing the -18.3 forecast by economists. The breakdown showed that the current situation component sharply fell to -12.00 from 0.0 as lingering credit concerns and a declining economy soured sentiment. For more news and resources, visit our EUR/USD Forum.
· [B]GBPUSD –[/B] [B]U.K. producer prices unexpectedly fell at its fastest pace in 22 years as global commodity prices pulled back from record highs. Input prices rose 26.0% versus a 29.2% estimate by economists, while output prices dipped to 9.7% from a revised reading of 10.3%. Core output prices slipped as well, falling to 6.4% from 6.8%. Cooling price growth should help to limit upside inflation risks for the U.K. economy, and strengthens the argument for the BoE to lower the benchmark interest rate as the growth outlook remains bleak for Europe’s second largest economy. [/B]For more news and resources, visit our GBP/USD Forum.
· [B]USDJPY – [/B]The Eco Watchers survey, which serves as as a leading indicator for Japanese consumers, slid to a 7 year low of 28.3 from 29.3 in July as the economy is on the brink of a recession. Stagnant wage growth paired with fading employment demands has left consumers downbeat towards the economy, while falling commodity prices helped to improve the future outlook with the index rising to 32.0 from 30.8. Meanwhile, a separate report showed that bankruptcies increased 4.2% from last year, while lending activity cooled to 2.4% from 2.5%. For more news and resources, visit the new Japanese Yen Currency Room.
