Jul 1, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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UK June manufacturing PMI 57.5

Posted:

As expected.

DATA TABLE: BOE Q2 Credit Conditions Survey

Posted:

London (MNI) - The following table shows the key results of the Bank of England's Credit Conditions survey. The data are weighted net percentage balances, based on responses from lenders in the UK market. ...

BOE: Q2 Survey: Corporate Credit Growth Slows Markedly

Posted:

--BOE: Q2 Corporate Credit Available Net 7.1% Vs 21.9% in Q1 --BOE: Q2 Corporate Credit Available Next 3m Net 6.5% vs 22.7% Q1 --BOE: Q2 Secured Household Credit Available Net 6.3% vs 1.3% Q1 --BOE: Q2 Secured Household Credit Next 3m Net -11.4% vs 3.2% Q1 ...

Update: Riksbank Hikes Key Repo Rate 25 Basis Points To 0.5%

Posted:

--Adds Repo Rate and Macroeconomic Forecasts, Additional Comments PARIS (MNI) - Sweden's Riksbank decided at its monetary policy meeting Wednesday to hike its key repo rate 25 basis points to 0.5%, the central bank announced Thursday. The markets had expected the ...

ECB Calls For Bids In 6-Day Tender At Fixed Rate Of 1.00%

Posted:

FRANKFURT (MNI) - The European Central Bank on Thursday called for bids on its longer-term main refinancing operation at a fixed rate of 1.00%. Bids for today's operation are due by 08:35 GMT on Thursday. The allocation will be announced ...

EUR/USD extends rally; notable buyer seen

Posted:

EUR/USD has extended it's rally to 1.2292.  Talk is that SAMA (Saudi Arabian Monetary Agency) has been an active buyer this morning.  That explains alot. China and SAMA both  buying, thats pretty powerful.  Don't hear too much of SAMA, but when they come in they can be lumpy (deal in large amounts). Yesterday various ...

Greek June manufacturing PMI rises to 42.2

Posted:

From 41.8 in May.  Always nice to see a little bit of good news out of Greece. Elsewhere, euro zone JUne final manufacturing PMI unrevised at 55.6.

EUR/GBP ticks higher; sell orders noted

Posted:

EUR/GBP up at .8220 from early .8170.  Talk of sell orders now at .8225/30 and more at .8250.  Will be interesting to see whether they cap this latest rally. Touch and go.

Update: BOE’s Miles: Time Not Yet Right For Rate Hike

Posted:

LONDON (MNI) - It is not the right time for interest rates in the U.K. to rise, a senior Bank of England rate setter says Thursday. In an interview with the Daily Mail, David Miles, an external Monetary Policy ...

Germany’s Econ Min: Unemployment Could Soon Fall Below 3 Mln

Posted:

BERLIN (MNI) - German Economics Minister Rainer Bruederle on Thursday said domestic unemployment could soon fall below the level of three million. "We are experiencing a not so small job miracle," Bruederle said in a government declaration in parliament. "We ...

Riksbank Raises Key Repo Rate 25 Basis Points To 0.5%

Posted:

PARIS (MNI) - Sweden's Riksbank decided at its monetary policy meeting Wednesday to hike its key repo rate 25 basis points to 0.5%, the central bank announced Thursday. The markets had expected the hike after the bank said following its ...

French June (final) manufacturing PMI falls very slightly to 54.8

Posted:

From flash estimate of 54.9. On the flip side German JUne (final) manufacturing PMI 58.4, up from flash 58.1.

Japan June New Vehicle Sales +20.6% Y/Y, Up 11 Mths In Row

Posted:

TOKYO (MNI) - New vehicle sales in Japan rose 20.6% from a year earlier to 293,537 units in June, posting the 11th straight month of year-on-year gains, backed by tax breaks for buying low emission automobiles, data released by the Japan Automobile Dealers Association showed ...

Italy June manufacturing PMI rises to 54.3

Posted:

From 54.0 in May, better than median forecast of 53.8 and 8th month of growth.

Buba’s Zeitler: Financial market situation still fragile despite improvement, uncertainty high

Posted:

  Bundesbank Money market in Germany is hardly affected by high uncertainty, interbank mistrust in euro area Banks' credit default risk has improved slightly in many cases Still sees no chance of credit crunch, but must continue to monitor situation carefully

Cable lower again, stops tripped, buy orders noted

Posted:

Cable lower again, stops through 1.4885 tripped, and we've been down to 1.4875.  Earlier was  getting reports of decent buy orders lying in wait down at 1.4825/40.

ECB: E61.144 Bln Covered Bond Purchases Settled Jun 30

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E61.144 billion Eurosystem covered bond purchases had settled as of June 30. As of June 29, settled acquisitions had totaled E60.486 billion, the ECB said Wednesday. ...

BBK Supports Banks’ Refusal Of Full Stress Test Release;Press

Posted:

BERLIN (MNI) - Bundesbank President Axel Weber is supporting German banks in their opposition of a complete and uncontrolled disclosure of stress tests, German business daily Financial Times Deutschland (FTD) reported Thursday citing sources. At a meeting with the 16 ...

BOE Miles Says Time Not Yet Right For Interest Rate Hike

Posted:

LONDON (MNI) - It is not the right time for interest rates in the U.K. to rise, a senior Bank of England rate setter says Thursday. In an interview with the Daily Mail, David Miles, an external Monetary Policy Committee member, ...

BBK Zeitler: Market Conditions Still Fragile, Despite Calming

Posted:

FRANKFURT (MNI) - Eurozone economic and financial conditions remain fragile despite some recent calming, Bundesbank Vice President Franz-Christoph Zeitler said Thursday. In Germany, fear of a credit crunch has subsided considerably, but the situation must still be monitored closely, the ...
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