Mar 29, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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China NSSF fund chief: Euro zone’s sovereign debt woes will not escalate

Posted:

China's National Social Security Fund (NSSF) will increase investment in U.S. and EU Dollar will remian a key global currency Yuan will rise in long term but will remain stable in near term

Update: UK Feb Mgage Approvals, BOE Key M4 Measure Lackluster

Posted:

--BOE Feb M4 Ex-Intermediate OFCs 0.3% m/m; -1.0% 3m ann. --BOE: UK Feb House Purchase Approvals 47,094 Vs 48,099 Jan --BOE: UK Feb Net Mortgage Lending Stg1.586bn Vs Stg1.536bn Jan --BOE: UK Feb Net Consumer Credit Stg528mln Vs Stg349mln Jan --BOE: Feb M4 Up 0.2% m/m; Up 3.9% y/y --BOE: Feb M4 Lending Up -0.2% ...

UK February mortgage approvals worse than expected, but mortgage lending up

Posted:

Mortgage approvals have come in at 47,094, down from 48,099 in January, and weaker than median forecasts of 48,000. However mortage lending was up at +1.586 bln from +1.536 bln in January, better than median forecast of +1.4 bln Consumer credit meanwhile +0.528 bln, up from January's 0.349 bln, and above median ...

UK Feb Mgage Approvals, BOE’s Key M4 Measure Lackluster

Posted:

--BOE Feb M4 Ex-Intermediate OFCs 0.3% m/m; -1.0% 3m ann. --BOE: UK Feb House Purchase Approvals 47,094 Vs 48,099 Jan --BOE: UK Feb Net Mortgage Lending Stg1.586bn Vs Stg1.536bn Jan --BOE: UK Feb Net Consumer Credit Stg528mln Vs Stg349mln Jan --BOE: Feb M4 Up 0.2% m/m; Up 3.9% y/y --BOE: Feb M4 Lending Up -0.2% ...

Germany: NRW Mar CPI +0.6% M/M; Above Pan-German Median Fcast

Posted:

North-Rhine Westphalia CPI March: +0.6% m/m, +1.2% y/y February: +0.4% m/m, +0.6% y/y --- Pan-German CPI MNI median forecast: +0.3% m/m, +0.9% y/y MNI forecast range: flat to +0.4% m/m February: ...

Germany: Brandenburg Mar CPI +0.3% M/M, Hesse +0.4% M/M

Posted:

Brandenburg CPI March: +0.3% m/m, +0.8% y/y February: +0.3% m/m, +0.3% y/y --- Hesse CPI March: ...

Cable extends rally over 1.5000

Posted:

Cable has extended it's rally, popping over 1.5000, presently at 1.5010.  The move comes amid talk of good buying from model funds.  Last time cable was over 1.5000 it ran into heavy selling out of the Middle East. Will be interesting to see if we get repeat.  Talk of some ...

ECB: E43.549 Bln Covered Bond Purchases Settled Mar 28

Posted:

FRANKFURT (MNI) - The European Central Bank said Monday that a total of E43.549 billion Eurosystem covered bond purchases had settled as of March 28. As of March 25, settled acquisitions had totaled E43.469 billion, the ECB said Friday. The ...

Germany: Saxony Mar CPI +0.6% M/M; Above German Median Fcst

Posted:

Saxony CPI March: +0.6% m/m, +1.3% y/y February: +0.3% m/m, +0.5% y/y --- Pan-German CPI MNI median forecast: +0.3% m/m, +0.9% y/y MNI forecast range: flat to +0.4% m/m February: ...

Cable starts week on firmer footing

Posted:

Cable has started the new week on a slightly firmer footing, presently at 1.4960 having closed out last week down around 1.4900.  The move comes despite latest polls continuing to point to a hung parliament as most likely outcome of fast approaching general election.   Data out today 08;30 GMT:  Uk mortgage approvals ...

USD/JPY steady as we roll into year end

Posted:

USD/JPY sits at 92.60, pretty much where we closed out last week.  Seems to be fair mount of talk that Japanese life insurers and other domestic institutional investors are lining up to add to their holdings of U.S. treasuries and other dollar denominated assets early in the new fiscal year, starting April ...

ECB Liikanen: Interest Rate Cuts Been Most Helpful Stimulus

Posted:

HELSINKI (MNI) - Of all the economic stimulus measures introduced to combat the financial crisis and the recession, interest rate cuts by central banks would most likely be cited by ordinary citizens as the most helpful, European Central Bank Governing Council member Erkki Liikanen said ...

EUR/USD marginally firmer after active overnight session

Posted:

EUR/USD sits at 1.3427, marginally firmer from a North American close Friday around 1.3410.  Overnight trade has seen plenty of action with a session high 1.3530 posted in thin early trading as sizeable stops through 1.3465 were tripped.  The fact we're back down at 1.3427 is probably reflective  that worries ...

EMU Data: MNI Survey Of Econ Data Forecasts, March 29

Posted:

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Germany Data: MNI Survey Of Econ Data Forecasts, Mar 29

Posted:

CPI - March (flash) HICP - March (flash) ...

EUR crosses fall back on reports of Moscow bombings

Posted:

Reports of at least 2 bomb blasts in Moscow has seen traders start to take risk off the table.

Forexlive Asian market wrap: JPY and CHF fall on the crosses

Posted:

Japan's retail sales +4.2% YoY against expectations of 1.9%, highest in 13 years JGB futures fall to 4 month lows RBA's Stevens again states that rates were too low China's demand for gold expected to double in the next 10 years Gold only manages small gains, +0.1% Regional stockmarkets show mixed result but little movement ...

JPY and CHF crosses continue their move higher

Posted:

EUR/CHF has now added 60 pips during the Asian session and EUR/JPY is back at 124.60 as recent EUR shorts start booking profits. The AUD has been even more impressive against the CHF and JPY, both up over 1% on the day. It will be interesting to see what Europe ...

Chinese demand for gold to double in the next decade

Posted:

The World Gold Council released their first ever report on the Chinese gold market earlier today. The report concluded that Chinese demand (if gold remains as 2.2% of FX reserves) would double in the next 10 years and that China was also running out of its own supply. The spot ...

EUR/CHF making gains above 1.4300

Posted:

This pair doesn't normally do a whole lot during the Asian session but it has moved 40 pips higher in the last few hours despite the EUR/USD losing some ground. In other words, USD/JPY and USD/CHF are leading the way higher and this is an interesting development in my opinion. ...

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