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- Cable holding up pretty well as EUR/GBP sell off continues
- European stocks slide into negative territory
- Germany Ind Assn Reaffirms German 2010 GDP Fcast Of +2%;Press
- Asian sovereign steps in and buys EUR/USD
- EUR/GBP slightly lower on day
- ECB Bini Smaghi: Greece Will Be Able To Repay Its Debt
- EUR/USD slips back in directionless trade
- ECB: E61.119 Bln Covered Bond Purchases Settled Jul 25
- ECB’s Bini Smaghi: Clear that Greece can manage its debt issues – Press
- Cable having opened firmer, extends rally early
- Eurostoxx 50 futures up 0.9% early
- The death of paper money
- Rpt: ECB Constancio: EU Tests Severe, Rigorous, Comprehensive
- Rpt: CEBS: 7 Of 91 EU Banks Failed To Pass Stress Tests
- S.Korean fx authorities seen buying dollars to curb won’s strength – Dealers
- Japan “Your Party” head: Monetary easing, weak yen, aggressive fiscal policy needed to beat deflation
- ForexLive Asian Session Wrap – Option Plays The Likely Catalyst for the next Euro move up
- European Banking’s Next Focus Is Funding
- UK Banks told: lend more or lose bonuses
- Japanese Government Spokesman Sengoku……
| Cable holding up pretty well as EUR/GBP sell off continues Posted: Cable sits at 1.5490, holding up pretty well. Earlier 1.5500 barrier interest seemingly gave out when 1.5502 session high posted. The EUR/GBP sell off continues and this is helping support cable. Obviously the afterglow of Friday's much stronger than expected growth data is a fundamental factor driving sterling gains. Talk now sell orders ... |
| European stocks slide into negative territory Posted: European stocks have given up their early gains, sliding into negative territory. Meanwhile oil off half a buck as general risk aversion picks up a little. This has pressured EUR/USD, pairing down at 1.2900 at writing in what has been a rather choppy, cautious, start to the week's proceeding. Elsewhere EUR/GBP has ... |
| Germany Ind Assn Reaffirms German 2010 GDP Fcast Of +2%;Press Posted: BERLIN (MNI) - The German Industry Association (BDI) still expects that the country's GDP will grow by 2% this year, German daily Die Welt reported Monday, citing the BDI's latest economic report. "The current new order and production numbers signal ... |
| Asian sovereign steps in and buys EUR/USD Posted: In recent trade. We're presently at 1.2923. |
| Posted: EUR/GBP down at .8351 from early .8368. Talk European fund has been notable buyer in recent trade, lifting the cross slightly from session low .8346. Talk of sell orders clustered up at .8400/20. |
| ECB Bini Smaghi: Greece Will Be Able To Repay Its Debt Posted: BERLIN (MNI) - Greece will be able to repay its debt, European Central Bank Executive Board member Lorenzo Bini Smaghi said in an essay in German daily Frankfurter Allgemeine Zeitung (FAZ) published Monday. The decisions taken by the Greek government ... |
| EUR/USD slips back in directionless trade Posted: EUR/USD has slipped back to 1.2925 at writing from session high 1.2958, with a US investment bank seen notable seller around highs. It was the one NOT doing God's work. All a bit lacklustre. Anyone would think it was Monday. |
| ECB: E61.119 Bln Covered Bond Purchases Settled Jul 25 Posted: FRANKFURT (MNI) - The European Central Bank said Monday that a total of E61.119 billion Eurosystem covered bond purchases had settled as of July 25. As of July 22, settled acquisitions had totaled E61.117 billion, the ECB said Friday. ... |
| ECB’s Bini Smaghi: Clear that Greece can manage its debt issues – Press Posted: EUR/USD has made some gains this morning, helped in no small part by buying out of the Middle East. We're presently at 1.2950 having fleetingly been as high as 1.2958. Guess we can expect further reports of Swiss National bank selling before much longer. Their sell interest seems to have been ongoing ... |
| Cable having opened firmer, extends rally early Posted: Cable up at 1.5478 from North American close Friday down around 1.5430. Talk of 1.5500 barrier option interest, so we can expect some defence of said level. Talk stops gathered up around 1.5525. They would be buy stops. |
| Eurostoxx 50 futures up 0.9% early Posted: DAX futures up 0.6% cac 40 futures up 0.9% Despite the generally rather negative (sceptical) media coverage of Friday's European bank stress tests, EUR/USD holding up pretty well in early Euroipean trade. Presently at 1.2935. |
| Posted: Latest from AEP at The Telegraph. |
| Rpt: ECB Constancio: EU 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 ... |
| Rpt: 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 ... |
| S.Korean fx authorities seen buying dollars to curb won’s strength – Dealers Posted: At some juncture would expect the Koreans to turn a portion of those dollars into euros. EUR/USD sits at 1.2925, hardly changed from North American close Friday around 1.2915. Buy orders noted down at 1.2850/70, sell orders at 1.2950 and more up around 1.3000. Talk of some stops through 1.2970. No major euro zone ... |
| Posted: USD/JPY has traded very marginally firmer during the Asian session, presently at 87.60 from North American close Friday around 87.35. The rally is proving tough sledding for the yen bears as they battle through reported sell orders layered from 87.50 up to 88.00. Probably stops gathered just above 88.00, but ... |
| ForexLive Asian Session Wrap – Option Plays The Likely Catalyst for the next Euro move up Posted: Sterling sentiment starting to turn Japan's June trade balance +41.1% YoY; Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand UK economy: July house prices -0.1% ... |
| European Banking’s Next Focus Is Funding Posted: This article from the Wall Street Journal raises the question as to whether banks will face a stiffer challenge in the months ahead: raising billions of dollars of long-term funding to finance new lending, now the stress tests are out of the way |
| UK Banks told: lend more or lose bonuses Posted: Vince Cable, the UK Government's Business Secretary has got the carrot and stick out to get the banks re-energised into lending to get the economy moving along... |
| Japanese Government Spokesman Sengoku…… Posted: to ask ministries for 10% spending cuts in 2011/12 so as to re-allocate money to areas with growth potential. to keep JGB issuance at or below JPY 44 trn next financial year |
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