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- Euro zone November trade balance +4.8 bln euros
- UK’s Darling: UK recovery in 2010 will be “very moderate”
- EUR/USD trade steadies
- Cable touch lower
- Trichet: We have a major debt problem in Europe
- ECB’s Trichet: Bad bank assets still a problem but not the main one
- Talk of……
- German wholesale prices weaker than expected
- John Lewis week to Jan 9 department store sales down 1.4%
- EUR/USD languishes near session lows
- BOJ Chief Economist: Risk of deflationary spiral still minimal
- Market rumours about Merkel’s resignation are completely without foundation -German govt spokesman
- Forex Live Asian Session Market Wrap-Up
- Sterling strengthens against the Euro
- BOJ Chief Economist says the risk of a “double dip” recession is not that great
- Euro – dollar and Euro Yen sell off earlier on speculation of a slowdown in Chinese bank lending
- After the earlier hiatus
- Merkel rumour supposedly related to a magazine article
- It’s rumour Friday
- Now hearing that Model Funds were liquidating long Euro positions
| Euro zone November trade balance +4.8 bln euros Posted: Euro zone November trade balance has come in at +4.8 bln euros compared to median forecast of +4.5 bln. We had +5.0 bln. October's surplus was revised down to +6.6 bln from previous +8.8 bln. EUR/USD has come a little pressure, presently down at 1.4405. Elsewhere, euro zone December CPI confirmed at ... |
| UK’s Darling: UK recovery in 2010 will be “very moderate” Posted: Surely not..... Cable little lower, presently at 1.6305. |
| Posted: After the earlier Trichet-induced fun and games, price action has steadied noticeably in EUR/USD. It's rallied back above 1.4400 from the session low 1.4379 which was reached after the ECB President further heightened worries surrounding Greece. Russia is reported to be selling around 1.4410, which has so far helped capped the rebound. EDIT: Talk ... |
| Posted: Cable has slipped lower in the wake of the Trichet comments, moving off the coatails of EUR/USD. Presently at 1.6315. Supports now, initially at 1.6300/05 and then 1.6280/85, resistance up at 1.6350/60. Talk of sell orders up at 1.6345/50 with stops through 60. |
| Trichet: We have a major debt problem in Europe Posted: EUR/USD under pressure, presently 1.4400. Greece has work to do Greece has to work out problems by itself Important for USD to be strong Technical supports now 1.4380 and 1.4350. |
| ECB’s Trichet: Bad bank assets still a problem but not the main one Posted: Trichet opines that bad bank assets are still a problem for the financial system. Banks need to reinforce their balance sheets. Economic recovery is going to be "chaotic.". He sees permanent risk of asset bubbles developing. EUR/USD seeing quiet trade, presently at 1.4420. Talk of sovereign buy orders 1.4395/05, sell orders at 1.4450. |
| Posted: "Sovereign" demand lined up down at 1.4395/05 in EUR/USD. |
| German wholesale prices weaker than expected Posted: German wholesale price index for December +0.2% m/m, +0.2% y/y, weaker than median forecasts of +0.5%, +0.5% respectively. |
| John Lewis week to Jan 9 department store sales down 1.4% Posted: I must admit I was a little mystified by the poor numbers until the fog cleared. It's the weather silly. |
| EUR/USD languishes near session lows Posted: Well not much of a sustained bounce from German government denial of Merkel resignation rumour. We're presently at 1.4420. Short-term supports 1.4400 and 1.4380, resistance 1.4445/50. Euro zone data today: 07:00 GMT: German whole price index for December expected +0.5% m/m 09:00 GMT: Italian CPI for December (final) expected +0.2% m/m, +1.0% y/y 10:00 GMT: ... |
| BOJ Chief Economist: Risk of deflationary spiral still minimal Posted: BOJ to make utmost efforts to avoid deflationary spiral BOJ needs government cooperation to ensure deflationary spiral averted |
| Market rumours about Merkel’s resignation are completely without foundation -German govt spokesman Posted: EUR/USD touch firmer, presently at 1.4430 having earlier posted 1.4407 session low. |
| Forex Live Asian Session Market Wrap-Up Posted: No economic data releases News US Treasury wants other countries to adopt the "financial crisis responsibility fee" Rumour that German Chancellor Angela Merkel to resign having lost the support of her coalition partners. Euro ... |
| Sterling strengthens against the Euro Posted: Cable higher to 1.6353 as Euro Sterling tries to break 0.8800 which holds for the moment. Euro dollar still maintaining the 1.4408 support level. |
| BOJ Chief Economist says the risk of a “double dip” recession is not that great Posted: He expects to see growth in output but GDP will slow down in early 2010. Dollar Yen currently trading 91.15/18 |
| Euro – dollar and Euro Yen sell off earlier on speculation of a slowdown in Chinese bank lending Posted: according to an article released on Bloomberg. |
| Posted: The market now seems to have settled down again. Euro finding a comfort level, for the time being anyway, at 1.4425 Dollar Yen drifting back above 91.00 at 91.10/13 Cable down to 1.6286 back up to 1.6320 then back off to its current level 1.6302/06 Dollar Swiss after the buying of dollars maintaining it's ... |
| Merkel rumour supposedly related to a magazine article Posted: Time Magazine has a story on her "dismal" start to the year. |
| Posted: Hearing there is a story doing the rounds NOT confirmed that German Chancellor Angela Merkel might resign having lost the support of her coalition partners. Euro lower at 1.4414/17. |
| Now hearing that Model Funds were liquidating long Euro positions Posted: They sold Euros against everything. EUR/JPY from 131.70 down to 131.25 EUR/GBP from 0.8862 down to 0.8850 |
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