[U][B]Fundamental Headlines[/B][/U]
• [B]USDJPY [/B]– Japan’s trade balance increased to ¥1250.7B from ¥1035.3B the month prior. Exports are expected to fall going forward as demand from emerging markets are failing to offset the U.S. slowdown. Meanwhile, Japanese wholesale prices rose at the fastest pace in nearly thirty years. Discuss the topic and your trade ideas in the USD/JPY Forum.
• [B]GBPUSD [/B]– April jobless claims in the U.K., jumped by 7,200 against expectations of 0, as companies hastened their pace of layoffs. It marked the third straight month of increases as March’s initially reported reduction of 1,200 was revised to an increase of 3,600 claims. Despite the slowing economy the BoE said that the upside risks to inflation are outweighing growth concerns due to the uncertainty of energy costs. Discuss the topic and your trade ideas in the GBP/USD Forum.
• [B]EURUSD [/B]– European industrial production declined 0.2% in March for the first time in four months. Producers have seen demand for their goods curbed by a rising Euro and increasing oil costs. A look at the breakdown showed declines in capital and durable goods of 1.1% and 1.5% respectively. Despite, the European economy continuing to show signs of slowing as President Trichet continues to reaffirmed his hawkish stance.Discuss the topic and your trade ideas in the EUR/USD Forum.
•[I] Icahn Buys Yahoo Shares; Mulls Board Proxy Contest [/I] (link) – Wall Street Journal
• [I]China Earthquake Exposes A Widening Wealth Gap [/I] (link)– Wall Street Journal
• [I]Fed Looks At Ways To Fight Asset Bubbles [/I] (link) – Financial Times
• [I]Libor Poised For Shakeup As Credibility Is Doubted[/I] (link) – Bloomberg
• [I] BoE Sees Inflation Accelerating, Limiting Scope For Rate Cuts /I – Bloomberg
