Jul 16, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Analysis: EMU May SA Trade Deficit Highest Since Early 2009

Posted:

Seasonally adjusted results: May: -E3.0 billion MNI survey median: +E1.1 billion MNI survey range: -E2.0 bln to +E3.0 bln April: +E0.1 bln (revised from +E1.4 bln) March: +E0.3 bln (revised from E0.0 bln) February: +E2.4 bln (unrevised) January: +E1.2 bln (revised from +E0.9 bln) December: +E2.8 ...

ECB Wellink: Basel Committee Capital Reforms Fully On Track

Posted:

FRANKFURT (MNI) - The Basel Committee on Banking Supervision made significant progress at its most recent meeting and "remains fully on track" to deliver capital and liquidity reforms in time for the November 2010 meeting of the G20 in Seoul, South Korea, committee chairman Nout ...

UK Q1 construction output -1.1% q/q, -1.9% y/y

Posted:

Versus -1.6% q/q, -1.2% y/y in final Q1 GDP release. ONS says new reading  of Q1 construction output could add 0.03% points to Q1 GDP.   Every little helps I guess. :)

Germany Confirms To Sell E4 Bln New 12-Month Bubills Jul 26

Posted:

FRANKFURT (MNI) - The German federal government will sell E4 billion new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Friday, July 23. The announcement of the auction results will be made shortly thereafter. ...

Spain Debt Head:Jawboning, Rate Trends Limit Debt Crisis Cost

Posted:

PARIS (MNI) - The downward trend in interest rates and intensive contact with potential investors have limited the impact of the sovereign debt crisis on Spain's borrowing costs, the head of the country's debt agency said in an interview published Friday. ...

Germany Seeks Bids On E2 Bln In Apr2011 Bubill Tap Jul 19

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids on E2 billion in a top up of its April 2011-maturity bubill, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, July 19, with results of the ...

China To Support EU Measures To Stabilise Economy, Finances

Posted:

BERLIN (MNI) - China supports the stabilisation efforts of the EU and is convinced that the Eurozone will overcome its current difficulties, China and Germany said in a joint declaration published by the German government on Thursday. "China supports the ...

EUR/USD rallies back

Posted:

EUR/USD is bouncing back, presently at 1.2943, euro bulls trying to chew through aforementioned sell orders at 1.2940/50. Talk of stops through 1.2955, not thought to be overly large.  Above there sell orders noted layered from 1.2990 upto 1.3025.  Said to include option-related, corporate offers.

Japan June Department Store Sales -6.0% Y/Y, Down 28 Mo In Row

Posted:

TOKYO (MNI) - Department store sales fell 6.0% from a year earlier in June to Y492.4 ...

Cable slips slightly in early European trade

Posted:

Cable down at 1.5395 from early 1.5420 amid talk of Uk clearer sales.  Talk of sell orders layered from 1.5450 up to 1.5500, including sovereign, real money interest. On down side buy orders noted at 1.5350/70.

Eurogroup’s Juncker: Does not expect any big catastrophes from stress tests – paper

Posted:

Well that's reassuring, I think? (that's irony, by the way) No one knows how we will  come out of the economic downturn People who say that all economic problems have been solved are being misleading Euro is not in danger. No country wants to leave euro zone

USD/JPY trying to steady; talk of Kampo in market

Posted:

USD/JPY sits at 87.12, up very marginally from session low 86.98.  Talk is that Kampo is on the bid just below 87.00. Also talk of Japanese oil importer buy interest.

BOJ July Economic Report: Effects Of Easy Policy Have Risen

Posted:

TOKYO (MNI) - The Bank of Japan on Friday upgraded its assessment of the effects of its low interest rate policy on financial market conditions and the economy. "Financial conditions have continued to show signs of easing," the BOJ said ...

Repeat:US’s Geithner: Bank Regulators Ready to Pick Up Baton

Posted:

--Retransmitting Story Sent 17:00 ET Thursday By Denny Gulino WASHINGTON (MNI) - The long march of financial industry reform has just begun with the Senate's final passage of the sweeping package, and U.S. regulators -- whom even the Fed's vice-chair-to-be said dropped the ball -- are ready ...

Fed’s volte face sends the dollar tumbling

Posted:

Love him or loathe him.  Latest from our old chum AEP at The Telegraph.

EMU Data: MNI Survey Of Econ Data Forecasts, July 16

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...

EUR/USD slips back slightly

Posted:

EUR/USD down at 1.2910 from North American close Thursday up around 1.2950. Move comes against general risk-off backdrop in Asia overnight. Comment from China's Wen that euro remains important investment choice has provided some support. Not much in way of euro zone data today: 08;00 GMT: Italian trade for May 09;00 GMT; Euro zone ...

USD/JPY gives ground in Asian trade

Posted:

USD/JPY down at 87.00 from North American close Thursday up around 87.40.  Move comes with Japanese stocks getting hit hard. Stops seen through 86.95 before buy orders down at 86.50/60.  Talk of 86.50 barrier option interest. More stops seen just below there.  Sell orders noted up at 87.50.

Thanks for your company this week

Posted:

I will look forward to being back should my services be required; Gerry will be taking over very shortly Good luck to all

ForexLive Asian Wrap – Ending a week of Asian session doldrums

Posted:

New Zealand Q2 CPI +0.3% QoQ Fed's Lacker: US economic recovery is sustainable French PM Fillon - in defence of the EURO AgBank fails to impress on the Hang Seng launch Nikkei falls on Retail Stock Investor Sentiment as it hits 7-month low Japan FinMin Noda speaks ! And so does China's PM Wen...full of inspiration that ...
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