Friday, October 19, 2012

Forex - Economic News & Data Outlook - October 19, 2012

Forex - Economic News & Data Outlook - October 19, 2012


The first day of the EU summit was rather quite. European leaders agreed on a legal roadmap to establish a single bank supervisor, expected to enter into force in 2013, but this was no news to the market. Spanish Prime Minister Mariano Rajoy said that the potential Spanish bailout wasn’t mentioned yesterday.
US dollar strengthened on Thursday during American session versus its riskier counterparts as Google’s shares slumped by 10% after its earnings report was leaked too early and showed that the company earned less than expected. Read more