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- Japan Mar Coincident Index Revised +1.5 Pt, Up 12 Mo In Row
- ECB Weber: Inflexibly Committed To Price Stability
- UK Analysis: Provisional Business Investment Up In Q1
- TABLE: BOE Loan Survey Data For April
- ECB Orphanides: Central Bank Credibility Key In Crisis
- AUD/USD: A Point of Clarification
- UK Analysis: Public Borrowing Hits Highest On Record In April
- USD/JPY: Talk of Semi Official Bids at 89.00
- EUR/USD: Mind the Gap
- German IFO says Business Climate Index Falls in May
- AUD/USD: Continues to Slide in Early London
- German May Flash Mfg PMI 58.3 (F’cast 61.5)
- ECB: E53.004 Bln Covered Bond Purchases Settled May 20
- EUR/USD: Correcting after Wild Day in Asia
- EUR/CHF: whatever happened to the world’s most boring currency pair?
- German Ifo might see traders looking at fundamentals again
- EUR/USD slides back under 1.2600
- ECB Trichet: ECB Monetary Policy Stance Has Not Changed: IHT
- EUR/GBP: settling back after stop-loss run earlier
- More negative press for the EUR
| Japan Mar Coincident Index Revised +1.5 Pt, Up 12 Mo In Row Posted: -- Japan Mar Leading CI Revised +4.2 Pt M/M, Up 13 Months In Row -- Cabinet Office Repeats CI Shows Japan Economy Improving TOKYO (MNI) - Japan's coincident composite index (CI), which reflects current business conditions, rose a revised 1.5 points to 101.5 in March, its 12th ... |
| ECB Weber: Inflexibly Committed To Price Stability Posted: FRANKFURT (MNI) - The European Central Bank is "inflexibly committed" to price stability, ECB Governing Council member Axel Weber said Friday. Although giving central banks additional tools for ensuring financial stability is in order, "I wouldn't overburden central banks with ... |
| UK Analysis: Provisional Business Investment Up In Q1 Posted: --UK Q1 Business Investment +6% q/q; -11% y/y LONDON (MNI) -- Business investment rose for the first time in two years in the first quarter, suggesting the economic recovery could be taking hold, figures released Friday by National Statistics showed. ... |
| TABLE: BOE Loan Survey Data For April Posted: London (MNI) - The following table shows the key mortgage lending results of the BOE Trends in Lending survey: Major UK Lenders (Lending Panel) ... |
| ECB Orphanides: Central Bank Credibility Key In Crisis Posted: FRANKFURT (MNI) - Credibility built up by central banks in normal times is critical to facilitate monetary policy during times of crisis, but there is a risk that corrective action could become politically charged, European Central Bank Governing Council member Athanasios Orphanides said on Friday. ... |
| AUD/USD: A Point of Clarification Posted: I mentioned earlier that rumours of intervention in AUD/USD during the Asian timezone were garbage. I stand by that comment. The RBA may have called around for a chat but it is not their modus operandi to intervene in AUD/USD to buy above 80 cents. In 2008 they intervened a ... |
| UK Analysis: Public Borrowing Hits Highest On Record In April Posted: --Apr PSNB Stg9.955bn vs Stg8.826bn in Apr 09; Median Stg10.5bn --Apr PSNCR Stg8.847bn vs Stg4.893bn in Apr 09; median Stg6.0bn --Apr current budget -Stg9.273bn vs -Stg7.6bn in Apr 09 LONDON (MNI) - Public Sector Net Borrowing hit a record level for the month in April, although ... |
| USD/JPY: Talk of Semi Official Bids at 89.00 Posted: The word in Asia today was that semi-official bids are around at 89.00 in USD/JPY. We saw a couple of nasty bounces off this level yesterday so it may be opportunity for nimble players. Beware though this is a dangerous market..................not quiet as bad as 2008 post Lehman but dangerous ... |
| Posted: EUR/USD is heading back towards the days low of 1.2455. The charts show a big gap below that perhaps need to be filled. It may well be a tease and a buying opportunity but below 1.2450 I would be a little wary....we could be back at 1.2350 in a rush. |
| German IFO says Business Climate Index Falls in May Posted: Hardly surprising........again not market moving news in the current environment. |
| AUD/USD: Continues to Slide in Early London Posted: AUD/USD has had a roller coaster ride today. After closing in NY at 0.8168, the pair has traded a whopping 0.8088-8373 range; near on 300 points . We now find ourselves 150 points down from the intraday high and looking decidedly ordinary. Whilst some blame today's move on the RBA checking ... |
| German May Flash Mfg PMI 58.3 (F’cast 61.5) Posted: German May PMI just out a little worse than expected. No one really prepared in the current environment to push EUR/USD around on such a release - another day maybe but in these thin illiquid markets - no. |
| ECB: E53.004 Bln Covered Bond Purchases Settled May 20 Posted: FRANKFURT (MNI) - The European Central Bank said Friday that a total of E53.004 billion Eurosystem covered bond purchases had settled as of May 20. As of May 19, settled acquisitions had totaled E52.903 billion, the ECB said Thursday. The ... |
| EUR/USD: Correcting after Wild Day in Asia Posted: After a blow-out to the topside during the Asian afternoon session in both EUR/USD and AUD/USD, Europe has sought to correct those moves in early trades with EUR/USD now some 150 pips off its earlier high whilst AUD/USD is some 90 points lower. There doesn't appear to be any news just ... |
| EUR/CHF: whatever happened to the world’s most boring currency pair? Posted: EUR/CHF used to move about 30 pips in a week. Today we've seen it go up 250 pips and then drop 200 pips, and thats before Zurich really gets going. I wouldn't be at all surprised to see the SNB using its strong relationships with UBS, CS etc to start off-loading ... |
| German Ifo might see traders looking at fundamentals again Posted: The German Ifo business confidence index will be released in a little over an hour with the market expecting a slightly improved reading of 102. Click here for the full economic calendar. The BoJ press conference will talk about monetary policy and it's efforts to defeat deflation and also re-state ... |
| EUR/USD slides back under 1.2600 Posted: I think we need to play this pair in 200-pip swings with the latest parameters at 1.2470 and 1.2670. I have solid support at 1.2400/20 and strong resistance at 1.2730 (38.2% retracement of the 1.3690/1.2145 fall). |
| ECB Trichet: ECB Monetary Policy Stance Has Not Changed: IHT Posted: FRANKFURT (MNI) - European Central Bank President Jean-Claude Trichet reiterated once again, in an interview published Friday, that the bank's monetary policy stance has not changed, despite its decision to purchase eurozone sovereign bonds on the secondary market. The bank's moves were designed to ... |
| EUR/GBP: settling back after stop-loss run earlier Posted: EUR/GBP managed to trigger substantial stops above .8750 but now that they are out of the way, cable has started to edge higher and the cross has slipped back to .8730 after a high of .8773 a few hours ago. This market is all about stops and squeezes so if ... |
| More negative press for the EUR Posted: Another article from the UK Telegraph, and it's a very EUR bearish one. Not sure what impact it will have in the present short-covering environment but it should remind us to be still EUR big-rally-sellers at heart. |
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