Cable lower on Greece concerns

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Source: Forexpros
On Monday, the Cable was traded lower versus the greenback, as trader sentiment was driven by worries over Spain and Greece. GBP/USD hit a session low of 1.6031, and later consolidated at 1.6036, which was a 0.42% fall for the European afternoon trade. The pair's support was likely to be at 1.5989, while the resistance was prone to be at 1.6096.
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Mon, 29 Oct 2012 14:07:25 GMT

German CPI in line with expectations

The German Federal Statistics Bureau reported on Monday that German consumer price index grew in compliance with expectations in October. The cost of living in Germany increased by 2% during the year prior to October 2012. The reading was unchanged from a September's figure. Month over month, the index was also flat and in compliance with expectations at the level

Mon, 29 Oct 2012 14:04:00 GMT

Yields on Italian bonds fall as it sells its debt

On Monday, Italy's borrowing costs fell sharply, as it was selling 6-month government bonds. The Italian Treasury managed to sell 6-month notes worth EUR8 billion at the average yield of 1.347%, which was a decline compared to a yield of 1.503%, which was at the similar auction in the previous month. The today's yield was the lowest since March.

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