Apr 6, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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UK Q4 Housing Equity Injection Smallest Since Q2 2008 – BOE

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Euro zone sentix index 2.5 in April

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An improvement from -7.5  in March and much better than median forecast of -5.2. It's the first positive reading since June 2008.

UK construction PMI index for March much stronger than expected

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Has come in at 53.1, up from 48.5 in February, much better than the median forecast of 48.8 and highest read in more than two years.

Labour could win most seats at general election, poll shows

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Guardian/ICM poll reveals gap between two main parties at 4 points, the closest in an ICM poll for almost 2 years. Seems to be quite a big divergence among the polls. Others have Tories with double digit lead.  Well I guess it is The Guardian.  I'll say no more.  Sterling looking little soggy ...

New Delhi: US Treasury’s Geithner says prospects for both US, Indian economies “encouraging”

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Must work closely together on balanced global economic growth less dependent on US spending US, India must work towards more representative international financial institutions, more open trade US unemployment remains unacceptably high, but private sector adding jobs US current account balance coming down India has navigated financial crisis with steady hand India's future growth will ...

Germany Confirms Top-Up 2013 2.25% Linker Notes

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FRANKFURT (MNI) - The German government confirmed that it will top up its 2013, 2.25% inflation-linked bond by E2.0 billion on Wednesday, April 7, the Bundesbank announced on Tuesday. Bids are to be submitted between 6:00 and 10:00 GMT on ...

Greece wants to amend EMU aid deal, bypassing IMF – MNI

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Market News, quoting senior government  sources in Athens, reports that the Greek government wants to amend the deal struck by Euro zone leaders at the EU summit last month.   Greek PM Papandreou has been receiving information from the IMF  about what would be expected in return for financial support, and there ...

Swiss March CPI in line with expectations

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Swiss March CPI has come in at +0.1% m/m, +1.4% y/y, exactly in line with median forecasts.

ECB: E44.427 Bln Covered Bond Purchases Settled Apr 5

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FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E44.427 billion Eurosystem covered bond purchases had settled as of April 5. As of March 31, settled acquisitions had totaled E44.327 billion, the ECB said Thursday. The ...

Yuan appreciation is not the solution to rebalancing Sino-U.S. trade – China Foreign Ministry

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Will push forward reform of yuan regime Never manipulates the yuan

Germany FinMin: To Start Deficit Consolidation in 2011: Press

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FRANKFURT (MNI) - The financial crisis is coming to an end and the German government will look to start bringing its finances under control next year, the German Finance Minister said. "The financial crisis is nearing its end," Finance Minister ...

UK house prices face prolonged bear market

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The housing market may now be trapped in a long-term bear market and may not bounce back to the peaks it reached in 2007 for generations, a leading economic consultancy has warned.

Russia central bank moves intervention level

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To 33.70 roubles/basket from 33.75 after buying around $700 mln.

Greece to target U.S. investors with bond

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F.T. reports Athens will this month launch a multibillion-dollar bond in the U.S. in it's hunt for new investors.

Cable steady after opening lower

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Cable is seeing steady trade in early Europe after opening lower, presently down at 1.5226 having closed out Monday in North America up around 1.5285. UK PM Brown widely expected to announce a May 6th general election later today.  Recent polls suggest the opposition Tories are headed for victory, one which ...

Misery loves company

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It's an old English saying. Anyways, Greek Deputy PM Pangalos is quoted by a Portuguese newspaper as saying the sort of problems hitting Greece are likely to spread and Portugal could be next in line. Thanks mate!! EUR/USD steady in early European trade after slide in Asia overnight, presently at 1.3432.

Japan Feb Coincident Composite Index +0.4 Pt, Up 11 Mo In Row

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-- Japan Feb Prelim Leading CI +1.0 Pt M/M, Up 12 Months In Row -- Cabinet Office Repeats: CI Shows Japan Economy Improving ...

EUR/USD lower, Greece worries again to the fore

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EUR/USD sits at 1.3425, down from a North American close Monday up around 1.3480, the euro again being underminned by worries surrounding Greece. There are reports that Greek banks are being hit by wealthy citizens moving their money offshore. Elsewhere, the FT reports that Germany is in disagreement with Euro zone partners ...

ForexLive Asian market wrap: EUR down on Greece, AUD steady after rate rise

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EUR/USD and EUR/JPY slip lower on more negative Greek sentiment Reports that Germany wants higher interest rates on aid for Greece Concern grows that Greece will struggle to raise new aid At the same time, more Greek citizens and corporations are reportedly moving their cash off-shore Australian job ads still on the increase at ...

RBA raises cash rate to 4.25%

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Asian growth expected to stay strong, Unemployment seems to have peaked at lower level Property market remains buoyant Sovereign concerns contained

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