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Germany’s Schaeuble Says Root Of Crisis Needs To Be Tackled

fxbom.com
03:14 PM

FRANKFURT (Dow Jones)-German Finance Minister Wolfgang Schaeuble said Wednesday that Europe needs to deal with the origin of the current crisis, namely unsustainable fiscal policy.

He also wouldn’t budge on his government’s position that common euro-zone bonds are not the solution to solving the euro zone’s debt crisis, saying this would reduce incentives for countries to make fiscal adjustments.

“The origin of the crisis must be removed,” he said.

Above all, Schaeuble said that Europe needed to “win back the trust of financial markets.”

Euro Weakens Very Thin, Tends Investors Beware

fxbom.com
01:15 PM

In the euro in forex trading today (22-11), the currency moved lower tracked generally very thin. Euro Value Index tracked rolling in the range of 105.91 and down very thin – 0.01% from opening price (00:00 GMT).

Euro Index is still engaged in a pattern observed after moving sideways ultra flat 0.00% in trading yesterday. These developments can be signaling investors are still cautious.

Fxbom.com analyst, argued that the euro today still face the possibility of the consumption sector is still weak. Consumer Confidence Indicator is predicted to show negative performance of the reporting period -20 and the -20

Growth In East Asia To Moderate On Weaker Demand

fxbom.com
01:05 PM

SINGAPORE — Economic growth in East Asia continues to moderate, mainly due to weakening external demand, underscoring the need for governments to focus on driving local demand and productivity amid uncertainties in Europe and a global growth slowdown, the World Bank said in a report.

The World Bank expects gross domestic product growth in East Asia to be 8.2% in 2011 and 7.8% in 2012, according to its East Asia and Pacific Economic Update released in Singapore on Tuesday. That follows the region’s growth slowing from 9.1% in the last quarter of 2010 to 8.5% in the second quarter of 2011.

Outside Expectation the UK Retail Sales Improved, Sterling Gains Limited

fxbom.com
05:47 PM

Recent data releases Retail Sales indicator m / m which was just released by the National Statistics show a positive indication of progress on the British economy.

Release of these data impact to trade GBP/USD pair this evening (17-11), which happens observed strengthening pound sterling. The forex market responds to this by pushing GBP / USD so that in the range of 1.5757.

Actual data indicators Retail Sales m / m were reported to have increased to 0.6% previously forecast to fall to -0.2% from 0.5%.