NBC Daily Forex : January 30, 2013

Published 01/31/2013, 05:47 AM
Updated 05/14/2017, 06:45 AM

Today's the big day for Blackberry maker Research in Motion, whose flagship smartphone launched the company into the tech sector big leagues a few years ago. Many pundits feel that the future of the company will be at issue today, as RIM seeks to win back the substantial market share it has lost in recent years. Based on what we learned yesterday about consumer confidence, which is at the lowest point since November 2011, RIM's offering will have to be extremely enticing to convince consumers to loosen their purse strings.

This morning's announcement that eurozone Consumer Confidence figures are also rather lacklustre, at -23.9, came as no great surprise, and are unlikely to inspire confidence on the Old Continent.

In North America, the main news today will come south of the border, where fourth quarter GDP figures will be announced. Markets anticipate growth of 1.1%, down from 3.1% the previous quarter. Wishing you a great day! Xavier Villemaire

Range of the day: 0.9980 – 1.0050

Economic Data

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.