Jun 24, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Euro zone April industrial orders +0.9% m/m, +22.1% y/y

Posted:

Compared to median forecasts of  +1.6%, +21.5% respectively.

Germany Cuts Q3 ‘10 Bond/Bill Issuance By E2 Bln,More To Come

Posted:

FRANKFURT (MNI) - Germany will issue E2 Bln less in bonds and bills in the third quarter, the country's Federal Finance Agency announced Thursday. The agency also said that further adjustments, "necessitated by favorable developments in the fiscal budget or ...

Pop goes the weasel….

Posted:

Another day, another barrier falls by the wayside. EUR/GBP .8200 barrier just been taken out, followed by usual  short covering. Having been as low as .8198 back up at .8206.  There is a tendency for those intent on taking out barrier to cover positions quickly once they've attained their aim. ...

Cable trying to steady after early sell-off

Posted:

Cable sits at 1.4952 having been as low as 1.4932 during early sell-off.  Talk of sell orders up at 1.5000 and more at 1.5020/30 before stops gathered just above there.  Not sure where downside stops gathered.

Greek 5-year cds hits record high of 958 bps

Posted:

Versus 934 bps in New York on Wednesday.  Not good. Risk of Greek sovereign default within 5 years at 56.5% says CMA datavision. Greek/German 10-year government bond yield spread at 802 bps vs 792 bps at previous day's settlement. EUR/USD at session low 1.2284.

EUR/GBP steady at lower levels

Posted:

Little change in the EUR/GBP cross so far this morning, presently at .8230.  Talk of .8200 barrier option interest, so can expect some protection of said level.  On topside, sell orders noted .8250/60 stops just above there.

USD/JPY extends sell-off in early Europe

Posted:

USD/JPY has extended it's recent sell-off in early Europe, presently down at 89.60.  The pairing is being pressured by the dovish slant from the Federal Reserve yesterday and by a pick up in risk aversion this morning, with European stocks quickly giving up early gains. Talk of buy orders 89.50/60, stops ...

EUR/USD drifts lower

Posted:

Presently down at 1.2312.  BIS has been seen selling this morning helping pressure the pairing.  As aforementioned, buy orders seen 1.2290/00, stops below there.

Dutch Q1 GDP revised to +0.3% q/q from +0.2% prior estimate – cbs

Posted:

Dutch Q1 GDP revised to +0.6% y/y from +0.1% prior estimate

PBOC advisor Li Daokui: Yuan likely to rise about 3% vs dlr by end-2010 if euro steadies

Posted:

Yuan reform will not cause big capital inflows or outflows Reform has limited impact on interest rate decisions

ECB: E59.398 Bln Covered Bond Purchases Settled Jun 23

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E59.398 billion Eurosystem covered bond purchases had settled as of June 23. As of June 22, settled acquisitions had totaled E59.283 billion, the ECB said Wednesday. The ...

French May consumer spending +0.7% m/m

Posted:

Stronger than median forecast of +0.4%.  On the flip side April's data was revised downward slightly, to -1.3% m/m from previous -1.2%. Meanwhile EUR/USD extremely steady in early European trade, presently at 1.2325.  Sell orders seen 1.2350/60 stops through 1.2365.  Buy orders 1.2290/00. Probably some short term spec stops just below there.

UK budget will hit poor harder than rich, according to IFS report

Posted:

Thinktank challenges claim of "tough but fair" measures and predicts poorer families will suffer in  second half of parliament.

Germany Schaeuble: Cutting Deficit Essential For Growth:Press

Posted:

FRANKFURT (MNI) - Balanced and sustainable growth requires the ability to reduce the deficit, Germany's Finance Minister Wolfgang Schaeuble said in the Financial Times. "This is the lesson of the recent crisis," Schaeuble wrote in an opinion piece published on ...

Update: Trichet: Wrong To Say Austerity Will Cause Stagnation

Posted:

--Adds comments on fiscal policy, surveillance, the euro PARIS (MNI) - Those who argue that the fiscal austerity measures being implemented by many European governments will lead to economic stagnation are wrong, European Central Bank President Jean-Claude Trichet said in an interview published Thursday morning. ...

ECB Trichet: ‘Incorrect’ To Say Austerity To Cause Stagnation

Posted:

PARIS (MNI) - Those who argue that the fiscal austerity measures being implemented by many European governments will lead to economic stagnation are wrong, European Central Bank President Jean-Claude Trichet said in an interview published Thursday morning. To the contrary, ...

Europe: Adrift amid the rift

Posted:

FT examines the Berlin-Paris relationship.

Trichet: Don’t think risks of deflation could materialise

Posted:

Idea that austerity measures could trigger stagnation is incorrect Euro is very credible currency, a currency which safeguards price stability is a major asset in the eyes of investors Am confident we are on right track for regulatory reforms, a number of important decisions are to be taken at November G20

Merkel rejects Obama’s call to spend

Posted:

In an interview with the WSJ the German Chancellor rebuffs pressure to boost domestic demand not exports; warns Europe's crisis is far from over. EUR/USD has traded very marginally firmer during the Asian session, presently at 1.2330 from North American close Wednesday down around 1.2310.  Next batch of stop orders seen ...

ForexLive Asian market wrap: Australia gets new PM

Posted:

The evening and night of the long daggers produced Australia's first female Prime Minister, Julia Gillard Australian sharemarket and the AUD rise on hope of compromise on resources tax Japan's May trade figures shows slow down in exports Asian stockmarkets rise by 0.5%, Gold steady below $1240/oz The AUD has been the most volatile ...
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)