British manufacturing production contracted in January at the highest level since June 2012

Note: This section contains information in English only.
Source: Reuters
British manufacturing production contracted in January at the highest level since June 2012, raising awareness that the economic crisis will be back if activity will continue to shrink in current quarter. Manufacturing output fell 1.5% in January in comparison with December. The industrial production, that includes mining and quarrying, electricity, gas and water supply, dropped 1.2% from December. 
"With the February PMI manufacturing index coming in so weak and with orders numbers also disappointing it looks as though this sector is going to be a major drag on growth in the first quarter of 2013. We have already has poor construction numbers for the start of the quarter so the prospect of yet another return to technical recession is very real. This will intensify the pressure on the BoE to do more to help support the economy, given government officials suggest they have no intention of letting up on austerity," said James Knightley, U.K. economist in ING.
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Tue, 12 Mar 2013 13:03:03 GMT

Australian Dollar reaches a four-year high versus Yen

The Australian Dollar, also known as the Aussie, was 0.2% higher to 99.14 per the U.S. Dollar in the end of Sydney trading session on Tuesday. The Japanese Yen depreciated against the Aussie and the New Zealand Dollar, as the Bank of Japan said that more decisive monetary policy is needed to sustain a domestic economic growth.

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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