Jun 8, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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AUD/USD lower again

Posted:

AUD/USD has fallen to .8145 at writing.  Amazing.  Almost everytime I hear major German name doing something it goes their way, and usually fairly quickly.  Wish I was a major German name.  Maybe I should change my name to Helmut.

EUR/USD slips lower

Posted:

EUR/USD has given ground, presently at 1.1937.  Sources though note Middle Eastern buying surfacing in recent trade which is helping steady things somewhat. At least for now.

Japan PM Kan: In general sense, know weak yen is positive for Japan’s exports, economy

Posted:

Simply rasing tax to restore Japan's financial health will accelerate deflation

Cable lower, buy orders, stops noted

Posted:

Cable down at 1.4470. Talk of buy orders at 1.4460 to 1.4450 with stops said to lie through 1.4445. Move lower comes as European stocks slip into the red.

Japanese PM Kan: Reason Japan’s fiscal state worsened is because it couldn’t raise taxes

Posted:

Restoring Japan's fiscal health is crucial for economic growth Keeping up current size of spending would push Japan's public debt above 200% of GDP Need bipartisan debate on how to restore Japan's finances

Germany Confirms To Top Up Jul 2020 10Y Bund By E5 Bln Jun 16

Posted:

FRANKFURT (MNI) - The German federal government confirmed Tuesday that it will sell about E5 billion in a top-up of its 3.00%-coupon July 2020 10-year bund on June 16. The formal tender for the auction will be announced on Tuesday, ...

Estonia Set To Gain EU Fin Min Approval For Euro Adoption Tue

Posted:

LUXEMBOURG (MNI) - Estonia is set to move one step closer to Euro adoption on Tuesday, with European Union finance ministers expected to recommend that the country be allowed to join the Eurozone currency club on January 1 2011. The ...

Sweden Fin Min: Euro Is And Will Remain A Strong Currency

Posted:

LUXEMBOURG (MNI) - The euro is and will remain a strong currency despite its recent weakeness, Sweden's Finance Minister Anders Borg said on Tuesday. The euro rose in early trading Tuesday but was still near four-year lows against the dollar. ...

Germany Seeks Bids For E1 Bn 1.75% 2020 Linker Sale Jun 9

Posted:

FRANKFURT (MNI) - The German federal government on Tuesday formally announced it is seeking bids on the E1 billion top up of its 1.75%-coupon inflation-linked 10-year bond on June 9. Bids are due by 1000 GMT on Wednesday, with auction ...

Germany Seeks Bids For E6 Bn Top-Up Of 0.50% 2Y Schatz Jun 9

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids Tuesday for the E6 billion top up of its 0.50%-coupon, two-year notes with a June 2012 maturity, the Bundesbank announced Tuesday. Bids are due by 0900 GMT on Wednesday, with ...

Poland FinMin: No Reason For Contagion From Hungary To Others

Posted:

LUXEMBOURG (MNI) - There is no reason for contagion from Hungary to spread to other countries, Polish finance minister Jan Vincent-Rostowski said on Tuesday. Hungarian asset prices fell in recent days after the country's government said it was likely to ...

AUD/USD marginally easier

Posted:

AUD/USD is trading marginally easier on the day, down at .8175 from around .8195 when I arrived at my desk.  Sources report major German name selling in recent trade. All rather lacklustre still though.

ECB: E55.995 Bln Covered Bond Purchases Settled Jun 7

Posted:

FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E55.995 billion Eurosystem covered bond purchases had settled as of June 7. As of June 6, settled acquisitions had totaled E55.848 billion, the ECB said Monday. The ...

Polish FinMin: Confident Hungarian government will take all measures necessary to tackle deficit

Posted:

Sees no risk of contagion from Hungarian financial problems.

Japan May Economy Watchers’ Index Posts 1st Drop In 6 Months

Posted:

-- Japan May Econ Watchers' Index At 47.7, Still 3-Year High -- Japan May ...

Cable little firmer

Posted:

We're presently at 1.4525 with demand surfacing at the 8:00 fix (local time)

French budget deficit -56.2 bln end April

Posted:

Versus -71.6 bln year earlier.

Bank of France’s Survey Points To Stronger Growth Ahead

Posted:

PARIS (MNI) - French economic growth is likely to recover in 2Q, bolstered by growth in the services, the Bank of France said Tuesday, confirming its previous GDP growth forecast of +0.5%. The central bank had underestimated the slowdown in ...

Text Of The Bank Of France May Monthly Business Survey

Posted:

PARIS (MNI) - The following is the text of the overview of the Bank of France's May monthly business survey: SUMMARY In May, industrial activity edged slightly higher relative to the previous month. All sectors recorded an increase except for the ...

Bank of France industry sentiment index falls to 101 in May

Posted:

From 102 in April. Services sentiment index rises to 96 in May from revised 94 in April BOF: Industry output stable in short-term, services activity to grow at more modest pace BOF maintains Q2 GDP forecast of +0.5%. EUR/USD sits at 1.1957, pretty much unchanged over past 2 1/2 hours.
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