Buy GBP/USD at 1.6510
fxbom.com
08:21 AM
Signal GBP/USD
- BUY GBP/USD @ 1.6510
- TP 1.6570
- SL 1.6470
- Hit SL -40.
US Official: US, China To Announce Nearly $1 Billion Worth Of Commercial Deals
fxbom.com
00:38 PM
BEIJING -(Dow Jones)- The U.S. and China will announce nearly $1 billion worth of commercial deals between the two countries during U.S. Vice President Joe Biden’s visit to China, a U.S. official traveling with Biden said Friday.
The official didn’t give other details.
At a U.S.-China business roundtable earlier Friday, Biden said the two sides will have “greater news later today” about broader market access for both U.S. and Chinese businesses.
Biden kicked off his five-day visit to China on Wednesday, meeting top leaders in Beijing at a time of growing anxiety over the global economic outlook.
Fed’s Fisher: US Going To Have A Positive Third Quarter – CNBC
fxbom.com
00:36 PM
DOW JONES NEWSWIRES
Richard Fisher, the president of the Federal Reserve Bank of Dallas, said Friday there will be growth in the third quarter of 2011 in the U.S., but said it will be a “slow slog” for the world’s biggest economy.
“I’m a central banker. The Federal Reserve does not panic, we watch things carefully,” Fisher told CNBC.
“I’ve said from the very beginning, it will be a slow slog,” Fisher said. “I think we’re going to have a positive third quarter…I was looking for a 3 or so in the third quarter, still want to see that.”
BOE’s Weale: Not The Time For More Quantitative Easing -Radio
fxbom.com
08:19 PM
LONDON -(Dow Jones)- Now is not the time for the Bank of England to increase its asset purchases, although the U.K. is facing increased headwinds from a weaker international economy, the Bank of England’s Martin Weale said Thursday.
Asked why he had abandoned his call for the BOE to raise its interest rate from a record low of 0.5% at the last policy meeting, the BOE Monetary Policy Committee member told BBC Radio Scotland, “Internationally the economic situation looks to be a bit weaker.”
Australian RBA Sold A$605 Million In The Forex Market In July
fxbom.com
08:17 PM
SYDNEY -(Dow Jones)- The Reserve Bank of Australia sold A$605 million in the spot foreign exchange market in July, figures issued by the central bank Thursday show.
The data, included in the RBA monthly bulletin, reflect foreign exchange transactions against the Australian dollar undertaken by the Reserve Bank with authorized foreign exchange dealers in Australia or banks overseas.
The central bank also bought A$577 million from the government during July.
Taking the Reserve Bank’s spot foreign exchange market transactions and business it did with the government together, the central bank sold a net A$28 million during the month.
