Forex
Has the euro turned around?
LAST week, we wrote that the common currency could have traded a short-term bottom. The structure indicated that the euro could unwind the fall from 1.0088 to 0.8845.

Cable vulnerable to further shocks
DESPERATE to achieve an economic turnaround and achieve a self-imposed target of 0.6 per cent growth in the last fiscal year, officials of Japan's Economic Planning Agency last week admitted that they had omitted weak business investment data fr om their calculations. The inclusion of this component would have resulted in a downward revision of the Q4 GDP to -1.6 per cent from -1.4 per cent.

Page One | Index | Home