May 31, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Analysis: EMU HICP Growth Hits 17-Month High in May

Posted:

May HICP flash: +1.6% y/y MNI survey median: +1.7% y/y MNI survey range: +1.6% to +1.7% y/y Previous: Apr +1.5%, Mar +1.4%, Feb +0.9%, Jan +1.0%, Dec +0.9% -- FRANKFURT (MNI) - Eurozone May consumer prices rose at their ...

ECB Draghi: Bond Purchases Must End As Soon As Markets Allow

Posted:

ROME (MNI) -- The European Central Bank's decision to purchase government bonds was taken under "exceptional circumstances" and the purchasing program must come to an end as soon as market conditions permit, ECB Governing Council member Mario Draghi said Monday. ...

EMU April M3 Falls 0.1% Y/Y, Private Loans Growth Up 0.1% Y/Y

Posted:

April sa M3: -0.1% y/y M3 sa 3-mo avg: -0.2% y/y SA private loans: +0.1% y/y MNI survey median: April sa M3 -0.3% y/y M3 sa 3-mo avg: -0.3% y/y ...

ECB Trichet:Debt-Buying Program Finite, Without Monpol Effect

Posted:

VIENNA (MNI) - The European Central Bank's government debt purchases are only a temporary means of countering market tensions that hamper the transmission of monetary policy, ECB President Jean-Claude Trichet said Monday. Speaking at a conference sponsored by the Austrian ...

Nowotny: Won’t Let Mkt Volatility Derail Fiscal Consolidation

Posted:

VIENNA (MNI) - The European Central Bank cannot and will not allow short-term volatility in financial markets to hinder fiscal consolidation efforts in the Eurozone, ECB Governing Council member Ewald Nowotny said Monday. Opening a conference of the Austrian National ...

ECB: E54.512 Bln Covered Bond Purchases Settled May 30

Posted:

FRANKFURT (MNI) - The European Central Bank said Monday that a total of E54.512 billion Eurosystem covered bond purchases had settled as of May 30. As of May 27, settled acquisitions had totaled E54.413 billion, the ECB said Friday. The ...

Japan Apr Construction Orders -25.0% Y/Y, 1st Drop In 2 Mths

Posted:

TOKYO (MNI) - The value of construction orders received in April by the 50 largest contractors in Japan fell 25.0% from a year earlier to Y421.96 billion, marking the first year-on-year drop in two months, the Ministry of Land, Infrastructure, Transport and Tourism said on ...

Japan Apr Housing Starts +0.6%, 1st Y/Y Rise 17 Months

Posted:

TOKYO (MNI) - Housing starts in Japan rose 0.6% in April from a year earlier to 66,568 units, posting the first year-on-year rise in 17 months, the Ministry of Land, Infrastructure, Transport and Tourism said on Monday. The April rise ...

EMU Data: MNI Survey Of Econ Data Forecasts, May 31

Posted:

...

ForexLive Asian market wrap: month-end flows help JPY crosses bounce

Posted:

Schaeuble: EUR will stabilise again Bernanke and Trichet speak in Korea extolling importance of developing economies Australian TD-MI inflation gauge +3.7% YoY Australian current account deficit AUD16.55 billion UK house prices +0.2% in May Japanese wages +1.5% YoY Japanese industrial output +1.3% MoM Political support for Japanese government sinks Korea looking to curb volatility in the Won Regional stockmarkets; mixed to ...

Fed’s Evans: Mindful Of Risks To U.S. Conditions From Greece

Posted:

--Inflation is Falling and 'That's Currently Carrying the Day' SEOUL (MNI) - The Federal Reserve is continuing to focus on the U.S. economic recovery but is wary of the impact of Greece's fiscal woes on that process, said Charles Evans, president of the Federal Reserve Bank ...

Fed’s Plosser:Employment May Surprise on Upside;No Double Dip

Posted:

-- European Situation "Raises Clouds On the Horizon" -- No Signs Yet That European Situation Would Change Fed Exit Timetable SEOUL (MNI) - Many observers may be surprised how quickly U.S. employment recovers as there is "good reason to believe" jobs growth will continue as the ...

Smaghi: challenges for the Euro area and world economy

Posted:

This is the full text of the keynote speech given on Friday last by Lorenzo Bini Smaghi of the ECB executive board.

Fed’s Evans: May Have To Maintain Large Balance Sheet Longer

Posted:

-- Asset Sales Later Rather Than Sooner During Eventual Exit Process -- European Situation to Dampen U.S. Exports, Recovery 'A Little Bit' SEOUL (MNI) - The Federal Reserve can maintain its effort to stimulate the U.S. economy and support the banking system through its "large" balance sheet ...

Latest from AEP in the UK Telegraph

Posted:

Thanks to Nicola for the link to AEP's latest article on the Spanish credit rating downgrade. Having just finished reading "The Big Short" from Michael Lewis, I would now pay even less attention (which isn't much) to anything coming out of a ratings agency.

AUD/JPY rallies to test important resistance level

Posted:

Since breaking lower on the 5th of this month, AUD/JPY has been below its 15-day MA. The 50% retracement of the second leg fall from 84.50 to 81.90 comes in at the same level which is at 78.15 and that, along with Fridays' high of 78.00, should pose some serious resistance ...

Fed’s Plosser speaking in Seoul

Posted:

US economic growth steady Some clouds from European debt crisis but no strong effect on US monetary policy FX markets remain rangebound although the EUR is thus far holding on to its earlier gains against the JPY in particular. The Nikkei has closed the morning session -0.1%, the Hang Seng is expected ...

Japan Prelim Apr Average Wages +1.5% Y/Y, Up 2nd Month In Row

Posted:

-- Japan Nominal Avg Wage Posts 2nd Straight Y/Y Rise; Mar +1.0% -- Japan Apr Real Average Wage +2.8% Y/Y Vs Mar +2.2% -- Japan Real Average Wage Posts 4th Straight Y/Y Rise -- Japan Mar Regular Employment +0.1% Y/Y, 3rd Rise In Row TOKYO (MNI) - The average ...

Australian economy: current account deficit AUD16.55bln

Posted:

Exports fell by 0.5% which brought the deficit number in slightly higher than expected. Business inventories grew by 0.5% and private sector credit contracted, up by 0.2% MoM, as the effects of increasing interest rates took hold. The AUD/USD is trading close to the top of its session range at .8485.

Bernanke, Trichet talk mainly about emerging economies

Posted:

The ECB have released a text of the Trichet speech given via video-link to a Bank of Korea conference. Nothing startling here at all, just reiterating what everybody knows anyway. Bloomberg reports. Reuters reports on the Bernanke speech which is along the same lines.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)