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- ForexLive US wrap-up: EUR/USD revisits 2008 lows
- EUR shorts hit another record on IMM
- Fed’s Evans: Closely Studying Global Crisis’ Impact on US Mkt
- Merkel: There have been excessive exaggerations in financial markets
- Lagarde denies Sarkozy threatened bail on euro
- Oil getting smoked late in the day
- A little help from their friends…
- Fed’s Evans: Eventually Have to Move to ‘More Normal’ Mon Pol
- Chicago Fed’s Evans:Upbeat on Recovery;Risk From Global Crisis
- Well THERE’S your problem
- EMU Data: MNI Survey Of Econ Data Forecasts, May 18
- Germany Data: MNI Survey Of Econ Data Forecasts, May 18
- French FinMin Lagarde: Crisis package just in case
- Big bid turns up at 91.80 in USD/JPY
- On the bright side…
- European central banks will keep buying sovereign debt
- ECB’s Tumpel-Gugerell:Confident On Budget Consolidation Plans
- Stocks slide, sovereign CDS gapping…
- Fitch reiterates France’s AAA with stable outlook
- 1.2388 support tested in EUR/USD
| ForexLive US wrap-up: EUR/USD revisits 2008 lows Posted: G7 finance ministers hold conference fall on European fallout; no decisions US retail sales rise 0.4% in April US industrial production rises 0.8% in April European monetary source: European central banks will buy sovereign debt consistently until announce a halt: Reuters Fitch affirms France's AAA rating with stable outlook after rumors of a ... |
| EUR shorts hit another record on IMM Posted: No real surprise given we've fallen like a rock since Monday morning but net EUR shorts rose to a record 113.9K contracts on the IMM as of the close of business on Tuesday. The market is probably even shorter now. GBP is also at a record short position of 72.2K. Fading the ... |
| Fed’s Evans: Closely Studying Global Crisis’ Impact on US Mkt Posted: By Suzanne Cosgrove BLOOMINGTON, Illinois (MNI) - Chicago Federal Reserve Bank President Charles Evans said Friday the austerity package required of Greece and several other troubled nations to qualify for the rescue package forged by European Union finance ministers and the International Monetary Fund would be ... |
| Merkel: There have been excessive exaggerations in financial markets Posted: Germany can't turn its back when euro zone threatened In German interest that stability preserved Guarantees for Greece were to ensure common currency remains stable Denies waiting too long to help Greece, making bailout more expensive. If euro were to fail many more will be endangered Says she has full confidence in ECB Long-term stability of ... |
| Lagarde denies Sarkozy threatened bail on euro Posted: French finance minister Lagarde denies the story in the Spanish press today that President Sarkozy had to threaten to pull France out of the euro zone in order to get Berlin to go along with the EU rescue plan, Dow Jones reports. Makes a great story though, and it is clear ... |
| Oil getting smoked late in the day Posted: Crude is sliding into the close, down $3.30 sense, closing in on $71.00 Commodities are weak across the board with the broad CRB index down 2.8%. Even gold is soft, contrary to expectations, at $1230 despite the lowest level in the euro for a year and a half... EUR/USD trades at ... |
| A little help from their friends… Posted: The ECB and EU are getting a shout-out from Chicago Fed President Evans. Evans says that the European rescue package is "very aggressive and forceful". The package should mitigate stress to the worldwide financial system, Evans says. Rest easy over the weekend then, I guess... |
| Fed’s Evans: Eventually Have to Move to ‘More Normal’ Mon Pol Posted: --'Very Accommodative' Policy Remains 'Appropriate' By Steven K. Beckner (MNI) - Chicago Federal Reserve Bank President Charles Evans said Friday that the Fed must "eventually" move to a "more normal stance" of monetary policy but for now, a "very accommodative" policy remains "appropriate." ... |
| Chicago Fed’s Evans:Upbeat on Recovery;Risk From Global Crisis Posted: By Suzanne Cosgrove BLOOMINGTON, Illinois (MNI) - Chicago Federal Reserve Bank President Charles Evans told reporters Friday he remains optimistic on prospects for a moderate recovery, with annual growth forecast at a 3.5% for 2010. However, he added that the European ... |
| Posted: The map of Europe looks like Marge Simpson... EUR/USD has fallen back to 1.2390 level after very strong selling from a US custody bank. |
| EMU Data: MNI Survey Of Econ Data Forecasts, May 18 Posted: ... |
| Germany Data: MNI Survey Of Econ Data Forecasts, May 18 Posted: ... |
| French FinMin Lagarde: Crisis package just in case Posted: The euro zone crisis package was created to be used in case it is needed, French finance minister Lagarde says. The market clearly noticed the action, she says. I retrospect, it looks as though the market paid much more attention to the ECB buying sovereign debt than they did rescue package. ... |
| Big bid turns up at 91.80 in USD/JPY Posted: Traders report a very large bid at the 91.80 level in USD/JPY helping prompt traders to cover some shorts against the greenback as well as against the beleaguered euro. The EUR/JPY short-covering has helped give the EUR/USD a lift back above the 1.24 level. The cross is up to 114.20 from the ... |
| Posted: Employing Gerry now costs about as much (in dollar terms) as your average Boston dishwasher... |
| European central banks will keep buying sovereign debt Posted: Reuters reports that a European monetary source says that the central banks will keep buying sovereign debt constantly until they announce that the are finished. The effects of the purchases will be visible over the medium-term, the source says Sovereign debt of the weaker links in Europe have fallen hard today ... |
| ECB’s Tumpel-Gugerell:Confident On Budget Consolidation Plans Posted: FRANKFURT (MNI) - European Central Bank Executive Board member Gertrude Tumpel-Gugerell said in an interview published Friday that she is confident that Eurozone states will take the necessary steps to consolidate their finances. She also told the Austrian magazine ... |
| Stocks slide, sovereign CDS gapping… Posted: Credit default swaps and bond spreads are widening dramatically in Europe while equities continue to swoon. It's not like they weren't warned... Nice job, Europe...Looks like my kids are going to state college... EUR/USD lows of 1.2358 have been recorded. |
| Fitch reiterates France’s AAA with stable outlook Posted: Earlier rumors laid to rest, by one agency. Hasn't done the euro much good as it trades at its lowest levels since the post-Lehman meltdown of October 2008. 1.2365 is the low print thus far. |
| 1.2388 support tested in EUR/USD Posted: EUR/USD has fallen below the 1.2400 level, testing support at 1.2388 level. Comments from Weber that while unconventional monetary policy has been a success but that inflation risks must be taken into account are helping weigh on the euro as are his call for heavy austerity among the indebted which will ... |
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