Mar 10, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Greek 5 year cds narrows to 274.4 bps frm 290.9 at New York close – CMA

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Portuguese 5 year cds narrows to 110.3 bps from 118.3 bps

SPAIN: Spain’s new 5-year Floating Rate Bono del…..

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SPAIN: Spain's new 5-year Floating Rate Bono del Estado order book is "progressing well" and is in excess of E1.0bln, a source familiar with the deal told Market News International. "We expect this to be today's business", added ths source. Spain opened books for new 5-year FRN issue Wednesday ...

USD/JPY firmer, buy, sell, stop orders noted

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USD/JPY is up at 90.30, firmer from early .90.00.  Buy orders seen at 89.80 down to 89.50. Sell orders up at 90.30/50, which are just about holding topside (session high 90.39) Stops tipped through 90.65.

UK January industrial, manufacturing output much weaker than expected

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Industrial output  -0.4% m/m compared to median forecast of +0.3%, biggest m/m fall since August 2009. Manufacturing output -0.9% m/m compared to median forecast +0.3%, also biggest fall since August 2009

UK: Treasury confirm UK Budget March 24, 1230GMT…..

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UK: Treasury confirm UK Budget March 24, 1230GMT

UK DATA: Jan manufacturing output -0.9% m/m; +0.2%…

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UK DATA: Jan manufacturing output -0.9% m/m; +0.2% y/y --Jan industrial production -0.4% m/m; -1.5% y/y ------------------------------------------------------------------------ Manufacturing output fell sharply in Jan by 0.9% m/m against expectations for a rise of 0.3%. NS said there was some anecdotal evidence from manufacturers that the cold weather had hit production with 11 out ...

Rumour of fixing interest to sell EUR/GBP

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There is some talk of a UK pharmaceutical company having an fixing interest to sell the EUR/GBP cross today. The cross is at .9085 presently, where it started out day, but off earlier .9102 high.

ITALY: Jan sa workday adjusted industrial output Dec.

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ITALY: Jan sa workday adjusted industrial output +2.6% m/m; Dec -0.2%

UK PM Brown: Recovery still in early stages and remains fragile

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Economic data likely to remain volatile for months ahead "Nearly there" in repairing much of global financial system. (What he's too modest to say, is that it's all down to him) Budget in 2 weeks time will set out more detail on deficit reduction Cutting spending now could tip Britain back into recession Pay ...

Cable extends recovery

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Cable has extended rally, presently at 1.4925. The move comes amid talk of sovereign buying having finally emerged.  Don't know exact levels. Probably came in someway lower.

SPAIN: Spain has opened books for new 5-year Rate….

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SPAIN: Spain has opened books for new 5-year Floating Rate Bono del Estado issue Wednesday at guidance of 3-month euribor +45 basis points area, a source familiar with the deal told Market News International. Spain has mandated BNP Paribas, Caja Madrid and Deutsche Bank as leads for the ...

Cable steadies after early slump

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Cable has recovered back to 1.4915 having earlier slumped to session low 1.4886.   Support emerged as talk circulated of big buy order coming out of North Essex down at 1.4883 ;) Only joking. Everyman and his dog was watching fibonacci retracement 76.4% of 1.4781/1.5197 which was down at 1.4880.  That's why ...

ECB: ECB says that banks deposited E33.867bln with…

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ECB: ECB says that banks deposited E33.867bln with it overnight and banks borrowed E67mln at the marginal rate. The fall in deposits from E245bln Monday comes after the last day of the European Central Bank's current reserve maintenance period. ECB also added that Eurosytem has now purchased E40.534 billion worth ...

SPAIN: Jan real workday-adjusted retail sales -2.8%..

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SPAIN: Jan real workday-adjusted retail sales -2.8% y/y

French January industry output much better than expected

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Has come in at +1.6% m/m, demonstrably stronger than median forecast down at +0.2% Coincidently a French bank noted buying decent amounts of EUR/USD down around 1.3545/50.

FRANCE: France new 50-year OAT pricing is seen no….

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FRANCE: France new 50-year OAT pricing is seen no later than Thursday, source adds.

FRANCE: France has opened books for new 50-year OAT,.

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FRANCE: France has opened books for new 50-year OAT, with guidance at +2/+4 bps vs 2055 OAT, a source told MNI.

JAPAN: Wires report comments from Japan lawmaker,….

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JAPAN: Wires report comments from Japan lawmaker, saying govt not pushing the BOJ to buy more bonds.

FRANCE DATA: Jan industry output +1.6% m/m after Dec.

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FRANCE DATA: Jan industry output +1.6% m/m after Dec -0.2% (-0.1%) --Above expected; MNI analysts survey median +0.2% m/m --Jan industry output +1.7% vs 4Q average; 4Q +0.2% q/q --Jan mfg output +0.8% m/m after Dec -0.9% m/m (-0.8%) --For details see MNI MainWire

Cable extends overnight slide; notable seller seen

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Cable has extended it's overnight slide, presently at 1.4920 having been as low as 1.4915 so far. Talk in the market is that a UK clearer hit the market early. It's said to be the same clearer who was reported buying 6-month 1.4400 cable puts yesterday.  Hedge fund selling has also ...

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