Your forexlive.com ENewsletter |  |
- Talk of BIS interest in EUR/USD
- Germany: NRW May CPI +0.1% M/M, In Line W/Pan-German Forecast
- ACB buying EUR/USD
- Kuwait Investment Authority (KIA) thinking about reducing euro zone investments
- Fed’s Bullard: Will take time to develop fiscal credibility in Europe
- Germany: Hesse CPI Flat M/M In May; Brandenburg +0.2% M/M
- Spain’s parliament votes on austerity plan
- Italy May business morale index rises to 96.2
- ECB: E54.348 Bln Covered Bond Purchases Settled May 26
- EUR/USD extends rally before running into sell orders
- Germany: Saxony May CPI +0.1% M/M; In Line W/Pan-German Fcast
- China will support actions to help resolve debt crisis – China C.Bank
- Fed’s Bullard: Europe debt policy response has bought government’s time
- Fed’s Bullard Fears Mkt To Lose Faith In Fed Will to End QE
- French May consumer confidence worsens to -38
- Talk ACB selling EUR/USD
- Fed’s Bullard: Keeping rates near zero for extended period carries risk of creating bubbles
- EUR/USD extends recovery
- SKorea central bank has no plan to reduce euro assets in forex reserves
- It’s a funny old world……
| Talk of BIS interest in EUR/USD Posted: Said to be lurking on the bid down at 1.2245/50. We're presently at 1.2260. That and aforementioned Asian sovereign buying interest around 1.2255 will help explain pause in EUR/USD sell-off. |
| Germany: NRW May CPI +0.1% M/M, In Line W/Pan-German Forecast Posted: North-Rhine Westphalia CPI May: +0.1% m/m, +1.0% y/y April: -0.2% m/m, +0.8% y/y --- Pan-German CPI MNI median forecast: +0.1% m/m, +1.2% y/y MNI forecast range: ... |
| Posted: Same Asian sovereign reported selling EUR/USD up around 1.2315 earlier is said to be buying around current levels. We're presently at 1.2255. |
| Kuwait Investment Authority (KIA) thinking about reducing euro zone investments Posted: Newspaper Al-Anba reports that the Kuwait Investment Authority (KIA) is mulling reducing investments in euro zone on fears of another crisis involving Portugal and Spain. News hasn't helped euro's cause, EUR/USD back down at 1.2260. |
| Fed’s Bullard: Will take time to develop fiscal credibility in Europe Posted: Contagion from European debt crisis to US economy looks unlikely US consumer confidence improving, does not see recent stock market volatility derailing it Increase in US discount rate unlikely right now given current strains Current rate for currency swap line with ECB is fine, has worked in past |
| Germany: Hesse CPI Flat M/M In May; Brandenburg +0.2% M/M Posted: Hesse CPI May: flat m/m, +0.8% y/y April: -0.1% m/m, +0.8% y/y --- Brandenburg CPI May: ... |
| Spain’s parliament votes on austerity plan Posted: Spain's parliament to vote on government's plans to cut 15 bln euros off budget deficit today. Expectations are that government will see it's proposals approved, but voting is expected to be tight. Basque Nationalists said yesterday they will side with main opposition in opposing the cuts. Vote expected at 11:00 GMT. |
| Italy May business morale index rises to 96.2 Posted: From 95.9 in April. Highest since June 2008. |
| ECB: E54.348 Bln Covered Bond Purchases Settled May 26 Posted: FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E54.348 billion Eurosystem covered bond purchases had settled as of May 26. As of May 25, settled acquisitions had totaled E54.024 billion, the ECB said Wednesday. The ... |
| EUR/USD extends rally before running into sell orders Posted: EUR/USD extended rally before running into aforementioned sell orders up at 1.2340/50. Got to 1.2342, back presently at 1.2315. Maybe I won't have to worry where stops are above 1.2350. |
| Germany: Saxony May CPI +0.1% M/M; In Line W/Pan-German Fcast Posted: Saxony CPI May +0.1% m/m, +1.1% y/y April: -0.1% m/m, +1.1% y/y --- Pan-German CPI MNI median forecast: +0.1% m/m, +1.2% y/y MNI forecast range: ... |
| China will support actions to help resolve debt crisis – China C.Bank Posted: Report about China reviewing euro bonds is groundless China to stick to principles of forex diversification Europe will remain one of China's's main fx investment markets EUR/USD been as high as 1.2331, presently at 1.2325. |
| Fed’s Bullard: Europe debt policy response has bought government’s time Posted: If there is to be debt restructuring from European crisis it would probably be years away |
| Fed’s Bullard Fears Mkt To Lose Faith In Fed Will to End QE Posted: By Steven K. Beckner (MNI) - St. Louis Federal Reserve Bank President James Bullard expressed concern early Thursday about financial market perceptions of the Fed's willingness to raise interest rates and end its quantitative easing policy in a timely way. Bullard, ... |
| French May consumer confidence worsens to -38 Posted: From -37 in April, in line with median forecasts. |
| Posted: Talk Asian sovereign selling EUR/USD up around 1.2315. |
| Fed’s Bullard: Keeping rates near zero for extended period carries risk of creating bubbles Posted: Markets may confuse extended period of low rates with rate peg that doesn't respond to shocks Inflationary impact of QE depends on view of how and when policy removed Markets may lose faith in Fed commitment to remove QE |
| Posted: EUR/USD has rallied through 1.2300, presently at 1.2310. Talk of sell orders 1.2340/50. Should think there'll be more buy stops parked not far north of there, maybe through 1.2360. |
| SKorea central bank has no plan to reduce euro assets in forex reserves Posted: And if anyone's interested (I'm sure they're not) I've exactly 22 euros and I'm not getting rid of a darn one. Well at least not until I next visit a country which uses the euro. I'll keep you posted of developments. EUR/USD holding up well so far, presently at 1.2285. |
| Posted: Talk Bank of Korea may have intervened via a foreign bank to curb won's gains, buying dollars near 1,217. |
| You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment