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New York and Canada for May 12 2009
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Good morning my fellow traders! Check out the news for this morning!!!
US NEWS:
Trade balance is down, but not as bad as the consensus expected it to be. A total deficit of 27.6 Billion.
Federal Open Market Committee member Dennis Lockhart reminded us that although things are starting to improve, do not start thinking that “The recession is over” but keep vigilant until we are out of the situation.
Later on, look for the Investor’s Business Daily Economic Optimism outlook and the Federal Budget Balance Statement.
CANADA:
Trade balance is up by 1.1 Billion.
NEWS FROM EUROPE:
England: Unemployment rises to 7.1 percent over the previous 6.7 percent rate. 6.9% was expected but the situation was way worse then originally thought of.
GDP estimate is down 1.5% according to NIESR. Average earnings are down .4% but not as bad as original consensus estimates, which were in the neighborhood of .9%. Still, the economy is headed downward, it’s not over yet!
England’s Trade Balance took a hit at -6.6 Billion. Industrial and Manufacturing production is in the red, and a staggering 13.6% decline from last year in house prices have been documented. OUCH!
EUROPE:
Germany Kept on an even keel with Consumer Price Indexes and Wholesale Price Indexes.
One Response to “New York and Canada for May 12 2009”
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May 12th, 2009 at 6:20 pm
[...] original here: New York and Canada for May 12 2009 | Go Forex Trade - Brought To … Written by Kris Ann in: forex canada | Tags: but-not, check-out-the, europe, moderated-the, [...]