Apr 9, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Cable holding up well

Posted:

We sit at 1.5365 having been as high as 1.5376.  Talk major German name has been buying cable as well in recent trade.

Well……..

Posted:

After the earlier "decent names"  hiccup in cable I'm a little loathe to mention this, but here goes anyways.  When I first got in this morning I was getting reports of "decent names" lined up with sell orders at 1.3420/30 in EUR/USD.  That's when it was around 1.3355. Elsewhere, Greek/German 10 ...

UK Analysis: Mar Output Price Inflation Highest Since Nov 08

Posted:

--Mar producer output prices +0.9% m/m; +5% y/y --Mar core producer output prices +0.7% m/m; +3.6% y/y --Mar producer input prices +3.6% m/m; +10.1% y/y LONDON (MNI) - Output price inflation in March rose to its highest level since November 2008, boosted by the rising cost ...

UK House Prices Post 11th Consecutive m/m Rise Mar: FT/Academ

Posted:

--UK March House Prices Up 1.1% m/m; Up 13.4% On Year ...

Germany Seeks Bids On E2 Bln in 9-Month Bubill Top Up

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids on a E2-billion top up of its 9-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, April 19. The announcement of the auction results will ...

Notable name has been seen buying cable

Posted:

Everyone's favourite US investment bank is reported to have been a strong buyer of cable in recent trade.  That expains alot.  It has to be said, they are pretty bullish on the UK economy.  We've been as high as 1.5365, presently at 1.5355.  Talk of next batch of stops just ...

Germany Seeks Bids On E5 Bln New 6-Month Bubills; Sale Apr 12

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids on E5 billion in new 6-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, April 12. The announcement of the auction results will be made ...

UK Conservatives’ Cameron: 12 billion pounds of efficiency savings can be achieved this year

Posted:

Savings can be achieved by leaving public sector job vacancies unfilled. Market likes to hear serious talk of deficit reduction. Cable having tripped stops through 1.5320 has been as high as 1.5345 so far. As is usual, talk of sell orders placed in 1.5350 area.

China March car sales up hefty 63.2% y/y

Posted:

Chinese passenger car sales rose 63.2% in March from year earlier to 1.26 mln units.  This was an improvement on February's rise of 55.3%, or 942,900 units.  Impressive.

Rpt: Analysis: Econ Recovery, Poll Leave BOE MPC On Sidelines

Posted:

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ECB: E45.475 Bln Covered Bond Purchases Settled Apr 8

Posted:

FRANKFURT (MNI) - The European Central Bank said Friday that a total of E45.475 billion Eurosystem covered bond purchases had settled as of April 8. As of April 7, settled acquisitions had totaled E45.279 billion, the ECB said Thursday. The ...

General risk sentiment in decent shape so far

Posted:

DAX up 0.9%,  oil up three quarters of buck, gold at session high 1155.85, all signs that risk sentiment is in pretty good shape so far this morning. Against this backdrop EUR/JPY has advanced from early 124.95 to 125.45 at writing. Elsewhere, cable has tripped stops through 1.5320 and been as high ...

Japan Press: BOJ Shirakawa: No Gap With Govt In Econ Views

Posted:

TOKYO (MNI) - Bank of Japan Governor Masaaki Shirakawa said on Friday that there is no fundamental difference between the central bank and the government in economic assessment, the Nikkei reported on Friday. There was no government request for further ...

EUR/USD extends rally

Posted:

EUR/USD has extended rally, presently up at 1.3390.  Talk of stops above  1.3400 to go with earlier reports of sell orders at 1.3390 to 1.3410, so something of a mixed bag up ahead.

Cable slips back after early rally

Posted:

Cable enjoyed brief rally over 1.5300 where it duly ran into aforementioned sell orders at 1.5300/10 and we're back down at 1.5285. Further to my earlier cable comment. I hazarded a guess stops likely through 1.5315.  Well, I'm hearing infact that stops are through 1.5320, with "decent names" lined up with sell ...

French February industry output flat m/m

Posted:

In line with median forecast.  January's industry output meanwhile was revised downward, to +1.1% m/m from initial +1.6%.

Bank of France industry business sentiment rises to 103 in March

Posted:

From 102 in February. Services business sentiment rises to 92 in March from 91 in February. Bank of France keeps Q1 GDP forecast at +0.4%, unchanged from previous forecast. Bank says 2010 must be approached with caution Cautious risk management by banks is more critical than ever Bank sees very slight rise in industrial activity ...

Text Of The Bank Of France March Monthly Business Survey

Posted:

PARIS (MNI) - The following is the text of the overview of the Bank of France's March monthly business survey: SUMMARY In March, industrial activity continued to firm at a moderate pace thanks mainly to the ongoing growth in intermediate goods. ...

Major US banks masked risk levels – WSJ

Posted:

http://online.wsj.com/article/SB10001424052702304830104575172280848939898.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews

German February trade surplus better than expected

Posted:

Has come in at 12.1 bln, above median forecast of 11.2 bln. Exports +9.6% y/y, imports +4.2% y/y Current account surplus 9.1 bln, better than median forecast 6.5 bln. EUR/USD touch firmer at 1.3355.
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