Apr 28, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Germany: Baden-Wuerttemberg CPI Falls M/M in April

Posted:

BW CPI April: -0.2% m/m, +1.1% y/y March: +0.7% m/m, +1.3% y/y --- Pan-German CPI MNI median forecast: +0.2% m/m, +1.2% y/y MNI forecast range: ...

ECB’s Mersch: Asked on Greece – Says we are in crisis situation

Posted:

You don't say.

Middle Eastern sovereign buying cable

Posted:

Around present  levels.  We sit at 1.5175 after aforementioned sell stops through 1.5190 were tripped. Hope Middle Eastern name has more luck than yesterday.

China CBank: China’s financial markets may face turbulence

Posted:

Judges U.S. will not exit its stimulus policy in short-term China will maintain consistency, stability in monetary policy Chinese banking sector needs to replenish capital base Will expand trade settlement in yuan in 2010

ECB’s Mersch On Greece: ‘We Are In A Crisis Situation’

Posted:

LUXEMBOURG (MNI) - The situation with Greece is a crisis requiring great verbal discipline, European Central Bank Governing Council member Yves Mersch said Wednesday. Mersch, speaking at a press conference to present the latest Financial Stability Review of the Luxembourg ...

ECB Stark:Greece Woes No Connection To Portugal Situation

Posted:

BERLIN (MNI) - ECB Executive Board member Juergen Stark said Wednesday that Greece's fiscal problems are a singular case and have no connections to the situation in Portugal. "There continue to exist significant differences [between the Greek and Portuguese situation] ...

Large German bank lends weight to EUR/USD sell-off

Posted:

Sources report large German bank just hit EUR/USD hard and we're down at 1.3145.

UK Lib Dems’ Cable: UK could face serious problem like Greece if deficit not tackled by next government

Posted:

Way to go Vince ( I think that's his name) You can't fool us old boys.  Well, not all the time anyway. I think he'd make a wonderful Chancellor of the Exchequer.  Yer right.

And now we have…….drum roll please……….

Posted:

An Asian sovereign buying EUR/USD around 1.3165. I'm getting a distinct case of deja vu.  Yesterday I heard all sorts of diffent bank names selling EUR/USD and the only serious buyers seemed to be the sovereigns.  Oh well, makes for a market.

ECB’s Stark: Sees no connection between Greece and Portugal

Posted:

Shame market doesn't see it that way. Portugal's PSI 20 down 5.7% today. The ECB'er adds that purchase of Greek bonds not being discussed.

EUR/USD continues lower, stops tripped

Posted:

After brief BIS-induced pause,  EUR/USD has tripped aforementioned stops through 1.3175 and we're presently at 1.3160. More stops  said to lie below 1.3150. Guess they must have removed their finger ;)

ECB BLS: Demand For Eurozone Loans Down In 1Q 2010 Vs 4Q 2009

Posted:

BRUSSELS (MNI) - Demand for business and household loans in the Eurozone decreased in the first three months of this year but is expected to pick up in the second quarter, the European Central Bank said in its quarterly Bank Lending Survey, published Wednesday. ...

Germany: Hesse CPI Falls M/M in April;Below Pan-German F-cast

Posted:

Hesse CPI April: -0.1% m/m, +0.8% y/y March: +0.4% m/m, +0.8% y/y --- Pan-German CPI MNI median forecast: +0.2% m/m, +1.2% y/y MNI forecast range: ...

Germany:Brandenburg Apr CPI Flat M/M; Below Pan-German F-cast

Posted:

Brandenburg CPI April: flat m/m, +0.7% y/y March: +0.3% m/m, +0.8% y/y --- Pan-German CPI MNI median forecast: +0.2% m/m, +1.2% y/y MNI forecast ...

ECB Mersch: Asset Prices A Full-Fledged Element Of ECB Monpol

Posted:

LUXEMBOURG (MNI) - Asset prices continue to be an essential factor in the European Central Bank's approach to making monetary policy decisions, Governing Council member Yves Mersch said Wednesday. In the editorial of the latest Financial Stability Review of the ...

Talk BIS buying EUR/USD

Posted:

Seemingly in 1.3180/85 area, which probably helps explain why we're not  lower. They must feel like the little Dutch kid with their finger in the dyke.

Greek/German 10-year govt bond spread spikes again

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Now a mind numbing 942 bps.

Spanish EU Presidency: EU Leaders To Meet May 10 On Greece

Posted:

BRUSSELS (MNI) - European leaders will meet May 10 in Brussels to discuss the latest developments in Greece and the activation of an aid package if it is needed, a spokesperson for the Spanish Presidency of the European Union said on Wednesday. ...

Hey, bit of good news…..

Posted:

Italian April business morale rises to 85.5, up from 84.4 in March, above median forecast of 84.7 and highest read since June 2008.  I'd hazard a guess we might see a dip in May's data.

Portuguese/German 10-year govt bond yield spread widens to 310 bps

Posted:

A euro lifetime wide.  How do you spell contagion?
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