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Forex Calendar

Calendar of latest economic news and indicators. Provides an estimation on the impact on the forex market.

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Forex: EUR/GBP tests 0.8825 after better than expected ZEW data

FXstreet.com (Barcelona) - After rejecting 0.8825 resistance in a first breaking attempt and falls below 0.8800, the EUR/GBP has been fueled by the better than expected May ZEW Economic Sentiment data ans it has tested the 0.8825 resistance again. Currently the pair is trading around 0.8810/20, 0.30% below today's opening price action.ZEW Economic Sentiment index has risen to 31.1 pts in May, better than 20,0 pts expected by market, in April, the ZEW Economic Sentiment was posted at 13.pts. According

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ECB Has Not Exhausted its Tools to Boost Economy, Says Liikanen

(CEP News) Frankfurt - The European Central Bank has not yet used all of its tools to help the economy recover from its current slowdown, ECB Governing Council member Erkki Liikanen said.

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Fed's Duke Says Mortgage Regulation About to be Overhauled

The Federal Reserve is working to amend the lenient underwriting rules and deceitful action that caused the U.S. subprime mortgage crisis by revamping banking regulation, Federal Reserve Governor Elizabeth Duke said Friday.She said that from July 1, 2007 to June 30, 2008, banks in the United States filed 62,084 Suspicious Activity Reports (SARs), suspecting mortgage fraud. She said the Federal Reserve is already involved in several investigations involving suspected insiders at banks in both commercial and

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BOE's MPC voted 8-1 for 50bps Cut, Saying Deeper Cuts Could Harm Economy

(CEP News) Frankfurt - The Bank of England's Monetary Policy Committee (MPC) voted 8-1 for a half-point rate reduction at its last meeting, arguing that a deeper cut could hinder the economy, the minutes revealed on Wednesday.As widely expected, MPC member David Blanchflower dissented, instead voting for a more pronounced cut to 0.50% at the Feb. 5 meeting.However, the push for a more pronounced cut was overruled, with the members arguing that further cuts could hinder the economy and banks'

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Fed's Lockhart Says Economy "Extremely Weak," But Modest Recovery by Year-End

(CEP News) - Despite the

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Fed's Lockhart Says Economy Shrinking at "Dramatic" Rate

The U.S. economy is shrinking at a dramatic rate and prospects for a recovery in the second half of 2009 have downside risks, Atlanta Fed President Dennis Lockhart said at an event in Tampa, Florida on Tuesday.The U.S. financial system is certainly not out of the woods, Lockhart said, adding that upcoming stress testing of the 19 largest banks in the United States will reveal more information about the stability of financial entities.Nevertheless, the banking system

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Forex: GBP/USD: Risk aversion takes the Pound to 1.4400 low

FXstreet.com (Barcelona) ? A wave of renewed risk aversion on the back IMF downgrading global economic outlook and news that the UK debt management office revised its 2009/10 gilt issuance total up to GBP220 billion from previously estimated GBP180 billion, has produced a sell off of approximately 250 pips for the Pound.GBP/USD has dropped from 1.4660 levels before the IF press release, to reach 1.4400, the lowest level since Apr 1 after news of the gilts issuance revision, to pick

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October 8th - Bank Of Japan Monthly Economic Survey, Brc Shop Price Index, Industrial Production

Hello,We have some events today in the forex calendar. 05:00 GMT: Bank of Japan Monthly Economic Survey. The BoJ Monthly Economic Survey released by the Bank of Japan presents a study of economic movements in Japan. It reviews economic developments inside and outside of Japan and indicate a sign of new fiscal policy.. Any changes in this report ten

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Fed Lowers 2009 Outlook.

In the news: Today U.S. stock markets ended the day basically flat as President Obama discussed his $75 billion relieve to homeowners. During a press release today the President spoke about the details of the economic stimulus package focusing on the housing foreclosure crisis. Also today the Federal Reserve in a press release lowered its GDP

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