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Asian markets plunge after weak U.S. consumption; Euro and Pound, lower

FXstreet.com (Barcelona) - Asian markets have declined as weak U.S. consumption dampened hopes of a fast economic recovery. Euro and Pound have dropped, while the Yen consolidates at 3-week high.All benchmark markets have posted considerable declines on Thursday. Tokyo Nikkei Index has declined 2.7%, while Hong Kong?s Hang Seng Index lost 3.2% and South Korean Kospi Index dropped 2.0%.Investors? confidence in Asian consumer-driven economies has been hit by the second consecutive decline on U.S. retail sales, which consumption remains weak

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Forex: EUR/USD rises above 1.3060 after a good US consumer confidence report

FXstreet.com (Barcelona) - EUR/USD has risen to 1.3080 from 1.3050 after the better than expected US consumer confidence report and Richmond Fed improves. Currently the pair is trading around 1.3065/75 after rising around 1.35% so far today.U.S. Consumer Confidence Index was released to have increased to 36.2 in April from 26.9 in March, and U.s Richmond Fed Index improved to -9 in April from - 20 in March.According to Valeria Bednarik, collaborator at FXstreet.com, the Euro is in an upside

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US Mar personal income falls 0.3%, spending down 0.2%

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Trading Ideas - Unemployment Rate, Personal Consumption Expenditure, Personal Income - August 29th

Hello everybody,This is the last day of August. We have some interesting events today in the calendar. 9:00 GMT: Unemployment rate. The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack o

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Trading Idea - Ppi In Europe, Personal Income And Spending In The Usa - 4th August 2008

Hello,In the economic calendar today we have some interesting events in Europe (EUR) -Producer price index- and USA (USD) -Personal comsumption index, personal income and presonal spending-Last week the non farm payrolls (NFP) didn't have any effect on EURUSD, today we have an other occasion to break the support.[attachment=2189:eurusd.png]EUR

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Forex: EUR/USD slides down after US PCE data

FXstreet.com (Barcelona) - EUR/USD has fallen slightly after the US PCE better than expected data, which showed the income of Americans unexpectedly surged. The pair is fighting for the 1.4200 level after falling from 1.4245, 5-month high in the early European session. Euro is still positive on the day against Dollar, rising 0.45% so far today.Personal income has risen 0.5% between march and April, against the 0.3% declines posted in the previous month. Personal spending has decreased 0.1% in April,

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US Apr Personal Income rises 0.5%

FXstreet.com (Barcelona) For more information, read our latest forex news.

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Forex: USD/JPY recovers its initial losses after US PCE data

FXstreet.com (Barcelona) - USD/JPY is spiking after the US PCE better than expected data, which showed the income of Americans unexpectedly surged. The pair has risen around 80 pips from 94.95 to reach today's intra-day high at 95.75. Currently the pair is trading around 95.60/70, 0.40% above today's opening price.Personal income has risen 0.5% between march and April, against the 0.3% declines posted in the previous month. Personal spending has decreased 0.1% in April, less than 0.2% declines posted in

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