[U][B]Fundamental Headlines[/B][/U]
• [B]AUDUSD [/B]– Australians leading economic indicator rose 0.2% in March from after remaining unchanged the month prior. The annualized rate slowed for a fourth month to 3.3% from 3.6% as 12 year high interest rates and rising inflation cool the economy. For more news and resources, visit our Australian Dollar Currency Room.
• [B]USDJPY [/B]– Confidence among Japanese small businesses fell for the second to 42.2 from 43.1- the lowest in six years. Increasing raw material and energy costs are eroding profit margins which increasing pessimism. Small companies account for 70% of the labor market and if they begin to lay off workers it will slow growth further as consumer consumption will decline. For more news and resources, visit our Japanese Yen Currency Room.
• [B]EURUSD [/B]– The Euro-Zone current account posted its largest deficit in more than a year at -15.3 billion. Deficits in goods and transfers offset a surplus in services and erased last month’s 7.5 billion surplus. Inflows from goods fell nearly six billion dollars as a strong Euro has made European goods less competitive abroad. As inflation continues to eat at companies margins falling exports may lead to job losses, which may spark country leaders to call for the ECB to abandon its hawkish stance. Discuss the topic and your trade ideas in the EUR/USD Forum.
• [I] Investors Press Lenders On Bad Loans /I – Wall Street Journal
• [I] Obama Heads West To Push Housing Proposals In Swing States[/I] (link) – Wall Street Journal
• [I]Investment Banks Split Over Loan Facility ([/I][link](javascript:void(0);/1211973500742/)) – Financial Times
• [I] Oil Falls To Lowest In A Week On Concern Prices Hurting Demand /I](Bloomberg - Are you a robot?)– Bloomberg
• [I] Yen Declines To One-Month Low Versus Euro On Carry-Trade Demand /I – Bloomberg
