Jul 24, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

US’s Geithner: European Stress Tests a ‘Significant Effort’

Posted:

WASHINGTON (MNI) - The U.S. Treasury Department late Friday issued a brief statement in the name of Secretary Tim Geithner, who said, "We welcome the release of bank-level stress test results in Europe. With this undertaking, the EU has made a significant effort to increase ...

ForexLive US wrap-up: Stress tests raises more questions than answers

Posted:

7 banks fail stress test, 5 Spanish Cajas, ATE in Greece, Hypo RE in Germany Total capital shortfall an insignificant EUR 3.5 bln Regulators call test tougher than US version in 2009; analysts skeptical Canadian inflation slips to 1.0% annual rate in June, easing pressure on BOC to hike White House's US budget deficit ...

The shorts get shorter; dollars that is

Posted:

No surprise, having turned around its long dollar position to a short position in last weekend commitments of traders data, the market has added to that position in this week's data. The position grew a bit over 10% to $5.66 bln, according to Reuters. The market's largest short position is in ...

US’s Orszag: Admin Sees FY’10 Deficit At $1.471 Trillion

Posted:

--OMB's Orszag: 'No Significant Change' In Deficit Outlook Since Feb --OMB's Orszag: US Economy 'Remains Weaker Than We Would Like' --CEA's Romer: Admin Sees A 'Ramping Up of Growth' In Future Years By John Shaw WASHINGTON (MNI) - White House budget director Peter Orszag Friday said that the budget ...

US OMB Text: 3-Mos T-Bill Yields Seen Up in 2011;4.1% 2014 -3

Posted:

WASHINGTON (MNI) - The following is an excerpt from the Mid-Session Review on the subject of interest rates, forecast comparisons and unemployment, part of the update of the federal budget proposals sent to Congress by the Obama administration earlier this year, published Friday: ...

US OMB Text: Gov Receipts Revised Lower for 2010 Thru 2017 -2

Posted:

--Public Debt Seen Reaching 68.9% of GDP in 2012 WASHINGTON (MNI) - The following is an excerpt from the Mid-Session Review on the subject of receipts, outlays and deficits, part of the update of the federal budget proposals sent to Congress by the Obama administration earlier ...

Mid-session budget review released by White House

Posted:

The bad news? the 2010 US budget deficit is seen at $1.47 trln, according to the White House. The good news? It was forecast to rise to $1.57 trln. Another $1.4 trln deficit is expected next year. Debt held by the public is seen at 62.7% of GDP for 2010 and is ...

US OMB Text: Unemployment Rate Above 6.0% To 2015

Posted:

WASHINGTON (MNI) - The following is an excerpt from the Mid-Session Review on the subject of economic assumptions, part of the update of the federal budget proposals sent to Congress by the Obama administration earlier this year, published Friday: ECONOMIC ASSUMPTIONS This ...

Update: ECB Bank Stress Tests Probe Double-Dip, Rate Shocks

Posted:

FRANKFURT (MNI) - Adverse scenarios tested in the European Union's stress tests include a mild recession over the next two years, stock markets plunging by a fifth as well as interest rate shocks, European Banking Supervisors (CEBS) and the European Central Bank confirmed Friday. ...

Update 2: CEBS: 7 Of 91 EU Banks Failed To Pass Stress Tests

Posted:

--Adds Quotes, Detail To Version Transmitted At 1714 GMT --ECB Vice President Says Tests Were Severe, Rigorous --ECB To Continue To Provide Unlimited Liquidity If Needed BRUSSELS (MNI) - Seven European banks failed tests to prove they could weather a mild recession or bout of severe market ...

Groupthink can be expensive

Posted:

EUR/USD is grinding higher in thin Friday markets with dealers heavily skeptical of the results of the European stress test but skepticism has yet to pay off (unless you were very quick). A solid rally in US equities is helping fuel further short-covering as risk trades perform strongly. EUR/USD trades ...

Rpt: EU Commission’s Buti: Stress Tests Mark Turning Point

Posted:

BRUSSELS (MNI) - Senior EU Commission official Marco Buti said that the publication of the bank stress tests "should mark a turning point, showing European banks are resilient to severe conditions". "What has been done today is going to boost confidence," ...

EU Commission Official Buit: Stress Tests Mark Turning Point

Posted:

BRUSSELS (MNI) - Senior EU Commission official Marco Buti said that the publication of the bank stress tests "should mark a turning point, showing European banks are resilient to severe conditions". "What has been done today is going to boost confidence," ...

FSB Draghi Text: FSB Welcomes Stress Test Results Publication

Posted:

FRANKFURT (MNI) - European Central Bank (ECB) Governing Council member Mario Draghi, who also heads the Financial Stability Board (FSB), made the following statement today on the European Banks' stress tests: The FSB welcomes the release today of the second ...

Greek FinMin: Govt To Take Part In ATE Bank Capital Increase

Posted:

ATHENS (MNI) - The Greek government said Friday it is willing to take part in the capital increase of state-run ATE Bank, which failed the EU stress tests whose results were announced earlier today. A press release by the Greek ...

ECB Ordonez: Spain’s Banking System Enjoys ‘Absolute Health’

Posted:

MADRID (MNI) - The banking system of economically beleaguered Spain is solid and in good health, European Central Bank Governing Council member Miguel Fernandez Ordonez said Friday. Speaking at a press conference about the bank stress tests published today, the ...

EUR/USD rally extends to 1.2900

Posted:

EUR/USD's recovery has reached the 1.2900 area from as low as 1.2807 in the first hour after the stress test results. Since then we've had a bit of central bank buying and we've also had a robust rally through important 1100 resistance in the S&P 500. 1.2900 is 61.8% of the ...

Update: BoI: All Five Italian Banks Passed ‘Rigorous’ Test

Posted:

--Adds Comments From BoI Director-General Tarantola ROME (MNI) - All five Italian banks passed the "rigorous and severe" scenarios included in the EU stress tests, the Bank of Italy said Friday. The results of the test "confirmed Italian banks' ability to ...

BoF’s Noyer: Resilience Of France’s Banks Confirmed By Tests

Posted:

PARIS (MNI) - The EU stress tests give a "true picture" of the situation of European banks and confirm the solidity of the French banks examined, Bank of France Governor Christian Noyer said Friday. The four French groups tested were ...

ECB Constancio: EU Stress Tests Severe, Rigorous, Comprehensive

Posted:

BRUSSELS (MNI) - European Central Bank Vice President Vitor Constancio Friday rejected suggestions that stress tests of European Union banks had not been stringent enough. Earlier Friday, the Committee of European Banking Supervisors said 7 of 91 banks tested ...

No comments:

Post a Comment