Jun 15, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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ZEW June German economic sentiment index 28.7 vs 45.8 in May

Posted:

Way lower than median forecast of 42.0. EUR/USD back below 1.2200. ZEW says: Financial market experts expect German economic recovery to weaken towards end of year Economic sentiment weakened by uncertainty about future developments of debt crisis Current recovery is still fragile Fiscal policy is well-advised to implement consolidation measures, but not until 2011 Weakening in sentiment ...

CLG: UK Apr House Prices +0.4% M/M; +10.1% Y/Y

Posted:

LONDON (MNI) - UK house prices in April rose 0.4% from March and were 10.1% higher than the same month in 2009, Communities and Local Government announced today. The data confirm the trend seen in other surveys of a maintained ...

EUR/GBP firmer; sell orders noted

Posted:

EUR/GBP up at 8303 having earlier posted session low .8262.  The move comes in wake of weaker than expected UK CPI data and an upbeat assessment of the German economy by the Association of German Chambers of Industry and Commerce (DIHK.) Sources now reporting sell orders lined up at .8300/15.  Remains to be ...

German DIHK: Recovery is speeding up, driven by exports which are supported by weak euro

Posted:

Majority of firms see current conditions as positive for first time since crisis start Business expectations inspire confidence, industry expectations at second best historical level Sees unemployment falling to 3.2 mln in 2010, lowest level since 1992 Sees increased problem from lack of skilled workers, Germany must deal with demographic change Sticking to 2010 ...

UK May CPI +0.2% m/m, +3.4% y/y

Posted:

Weaker than expected, median forecasts having called for +0.4%, +3.5% respectively. ONS says biggest reason for fall in CPI annual rate was food, especially fresh fruit, also petrol and alcohol. Cable down at 1.4700 from around 1.4740 just prior to the release.  Guess it works on premise we're now less likely to ...

Germany Seeks Bids On E5 Bln Top-Up Of Jul 2020 Bund June 16

Posted:

FRANKFURT (MNI) - The German federal government called for bids Tuesday on its E5 billion top-up of the 3.00%-coupon July 2020, 10-year bund, the Bundesbank announced Tuesday. Bids for the top-up are due by 09:00 GMT Wednesday, June 16, ...

France Cancels Auction For Medium-, Long-Term Bonds In August

Posted:

PARIS (MNI) - The French debt agency AFT said Tuesday it has cancelled the medium- and long-term bond auction tentatively scheduled for August 5 and will resume sales of OATs, BTANs and linkers in September. The agency confirmed that it ...

BIS buys EUR/USD

Posted:

Around 1.2170.

Yesterday Rob Green had 355 shots fired at him and didn’t concede a goal…

Posted:

Today both he and Emile Heskey will train with the rest of the England squad.

ECB: E56.878 Bln Covered Bond Purchases Settled Jun 14

Posted:

FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E56.878 billion Eurosystem covered bond purchases had settled as of June 14. As of June 13, settled acquisitions had totaled E56.713 billion, the ECB said Monday. The ...

BOJ’s Shirakawa: European markets remain unstable

Posted:

Market moves show investors do not have full trust in European steps on debt

Sources report….

Posted:

Fairly decent bids turning up on EBS down at 1.2165/70.  We've been to 1.2167, presently at 1.2177. EDIT:   US custodial steps in and buys EUR/USD.

EUR/GBP extends sell-off

Posted:

Down at session low .8270. UK fund notable seller in recent trade.

EUR/USD slide accelerates

Posted:

Comments from RBA's Battelino and lower European stocks are a couple of factors weighing on the euro in early European trade. Pairing presently down at 1.2175. Talk of buy orders now at 1.2150/60, stops below.

I wouldn’t shop at Tesco, but

Posted:

I'm always interested to hear what they have to say about the economy Continuing to see evidence in UK of a "steady consumer recovery" Uncertainty over upcoming budget is hindering consumer recovery VAT increase on food would have a negative affect on economy Recovery is fragile in UK, so if there is a VAT ...

Australia C.Bank deputy gov Battellino: Events in Europe are really quite worrying

Posted:

Hard to argue with that assessment. Worried because it's not clear problems can be solved anytime soon Australia govt debt position very good, govt debt of trading partners not a problem In part of world that will be least affected by government debt problems Welcomes any moderation in Chinese growth Australian economy can weather any ...

EMU 14 Car Registrations Post 13.8% Y/Y Decline In May: ACEA

Posted:

FRANKFURT (MNI) - Passenger car registrations in the Eurozone (excluding Cyprus and Malta) in May were down 13.8% on the year, the European Automobile Manufacturers' Association (ACEA) reported Tuesday. It was the second straight annual decline. ...

Repeat:Germany Merkel:EU Rescue Package Ready To Be Drawn On

Posted:

--Originally transmitted Monday at 13:36 EST BERLIN (MNI) - German Chancellor Angela Merkel said Monday that the EU fiscal rescue package is ready to be drawn on if need be. Yet, the Chancellor declined to comment on the specific case of ...

A new and urgent cause for ForexLive

Posted:

Just in case you missed Jamie's posting yesterday. http://www.forexlive.com/112921/all/a-new-and-urgent-cause-for-forexlive

EUR/USD slips marginally in slow Asian trade

Posted:

EUR/USD is down at 1.2205, marginally easier from a North American close Monday up around 1.2225.  Not much new to whet the market's appetite. Citibank plans to cut Greek government debt from World government bond index after Moody's latest downgrade yesterday. Oh, the ignomy of it all!!! Euro zone data due today: 06:00 ...
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