Forex News | Currency News by Forexlive

Not clear what the catalyst is for the accelerarated drop but it is a risk-off session with MF Global’s liquidation a factor in limiting the appetite for Fresh risk.

Portugal is looking for flexibility from the EU/IMF and Italy remains in the bulls-eye. It’s back to business as usual know that the epic short-squeeze of last week ran its course.

Small sellers are eyed now on rebounds to 1.3975/80.  Modest support is seen toward 1.3900.

It was not always that way. Less than 20 years ago, Sweden had a banking crisis of its own.

Just goes to show you that good policies can have substantial, long-lasting impacts if you are willing to withstand short-term pain for long-term gains.

And there was much rejoicing… (our signifier of non-news…)

US DATA: Oct Dallas Fed mfg survey data: “Texas factory activity
increased in October, according to business executives responding to the
Texas Manufacturing Outlook Survey. The production index, a key measure
of state manufacturing conditions, remained positive but edged down from
5.9 to 4.1, suggesting growth slowed slightly. Other measures of current
manufacturing conditions also indicated growth in October, and the pace
of new orders increased. The shipments index fell from 9.4 to 2.7,
suggesting shipment volumes continued to increase but at a slower pace.
The capacity utilization index moved back into positive territory after
being negative for two months. The new orders index suggested a pickup
in demand, moving from 3.6 to 8.3. Nearly 30 percent of manufacturers
noted increased order volumes in October, compared with about 20 percent
noting a decrease. Perceptions of general business conditions improved
in October. The general business activity index jumped up from -14.4 to
2.3, its first positive reading in six months. The company outlook index
also rose markedly.”

By Mark Pender

NEW YORK (MNI) – MNI’s U.S. retail trade index slipped 1.9 points
in the Oct. 29 period to 56.6, still comfortably above 50 to indicate
solid growth in year-on-year business conditions, according to the
results of Market News International’s weekly survey released Monday.

Sales data are mixed with total year-on-year sales slipping one
percentage point in the period to +4.0% while same-store sales are one
tenth higher at +3.0%.

When adjusted, MNI’s data are offering an early indication for a
+0.3% headline for the government’s October retail sales report.

Retailers in the sample are generally cautious and as a group have
been gradually trimming back holiday estimates toward the lower end of
ranges.

Income for the sample is soft at a year-on-year +4%, a rate that
points to discounting. Sample size in the period is 173 chains making up
171,300 separate retail locations.

Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.

** Market News International New York Newsroom: 212-669-6430 **

[TOPICS: MDURE$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]

US DATA: Oct Dallas Fed mfg survey index +2.3 vs -14.4, picked up. New
orders 8.3 vs 3.6.

US DATA: MNI’s U.S. retail trade index slipped 1.9 points in the Oct. 29
period to 56.6, see MNI Main wire.

Everything is bigger in Texas…

Talks with Interactive Brokers break down…

US DATA: Oct Help Wanted online index 1.67 vs 1.65 Sept.
Online Labor Demand Dips 13,600 in Oct, The Conference Board Reports
Labor demand essentially unchanged in October vs losses in Q2, Q3
Average gain for 2011 is a lackluster +25,000 per month
Nationally, there are 10 mln more unemployed than advertised vacancies

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