Jul 28, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

BOE’s Miles: Further asset purchases may be warranted “at some point in the future”

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BOE’s King: Important to implement new Basle standards over a long transition period

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Financial markets more volatile due to concerns about bank balance sheets Q2 GDP growth is encouraging but must be careful not to read too much into one number Can't be certain that recovery will be sustained in Uk Cable lower, presently at 1.5550. Good old Merve the Swerve strikes again!!! Risks on both upside ...

ECB BLS:Debt Crisis Strains Credit Conditions; Loan Demand Up

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FRANKFURT (MNI) - Banks unexpectedly tightened credit standards in the second quarter, as the sovereign debt crisis affected their ability to obtain funding even while the economic recovery sparked a pick-up demand for loans, the European Central Bank said in its July Bank Lending Survey ...

UK clearer meets major Swiss name

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Uk clearer notable buyer of cable in recent trade meets major Swiss bank selling.  How do you do.  Cable back below 1.5600

Cable rallies back

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UK clearer seen notable buyer in recent trade. We're back over 1.5600, presently at 1.5610. Mr King awaited.

ECB bank lending survey: Net 11% of banks said tightened credit standards to firms in Q2 vs 3% in Q1

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5% of banks expect further tightening of credit standards to firms in Q3 vs 2% in Q2 Net 2% of banks said firms' demand for loans fell in Q2, net 29% of banks expect rise in demand in Q3 Net tightening of credit standards to households for home loans reported by 10% ...

Analysis: Germany: Brandenburg, Hesse Jul CPI +0.3% M/M

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Hesse CPI July: +0.3% m/m, +0.9% y/y June: +0.1% m/m, +0.8% y/y --- Brandenburg CPI July: ...

It’s like watching paint dry, or is it just me?

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EUR/USD having been to 1.3041 session high is presently back at 1.3020.  Russia, the jobber supreme, was notable seller around the highs.  Someone wake me when things start to liven up.

Cable slips back, notable seller seen

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Cable has slipped back just below 1.5600 having earlier posted session high 1.5626.  China is said to have been seller around the highs.  Obviously some caution ahead of Mr King at Treasury Committee hearing. The Governor has an uncanny knack of unsettling sterling.

DAX up 0.5%, FTSE up 0.3%, CAC 40 up 0.4%

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In early trade. EUR/USD is edging higher in orderly fashion,  presently at 1.3033.

Analysis:Germany:Saxony Jul CPI +0.2% M/M; Below German Fcast

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Saxony CPI July: +0.2% m/m, +1.2% y/y June: +0.1% m/m, +1.0% y/y --- Pan-German CPI MNI median forecast: +0.3% m/m, +1.1% y/y MNI forecast range: ...

France Lagarde: Jobless Trend Is Downward But Battle Not Won

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PARIS (MNI) - Unemployment in France is on a downward path but there are still hurdles to clear, French Finance Minister Christine Lagarde said in a radio interview Wednesday. Speaking to RTL Radio, Lagarde also said that economic growth in ...

German EconMin: We have sustainable recovery in Germany

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Now exiting crisis packages step by step

Cable pops higher as European trade gets underway

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Cable has added to recent gains as European trading gets underway, tripped stops through 1.5600 on way to session high 1.5617.  We're presently at 1.5610. Sterling continues to bask in the afterglow of recently released economic data, which has been surprisingly robust.  Some event risk this morning though. Merve the swerve and some ...

Kamezaki sees yen risk, says BOJ to act proactively on prices

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Bloomberg report. USD/JPY steady at higher levels, presently at 87.80. Talk buy orders 87.50/60, small stops below. Sell orders, including corporate interest, seen at 87.90/00, stops just above.

Japan Average Regular Gasoline Price Drops For 9th Wk In Row

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TOKYO (MNI) - The average price of regular gasoline in Japan this week fell to ...

Spain EconMin: Risk premium on Spanish debt should be lower – El Pais

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Well ofcourse it should. Expects better funding conditions for Spanish banks after Summer Retirement age should be 67 within 15 to 20 years (by then retirement age in Uk will be 80)

World splits in two as East tightens while West stays super-loose

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Latest from AEP at The Telegraph.

EUR/USD a right steady eddie, or is that eddy?

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No matter. EUR/USD sits at 1.2998, basically where it closed out Tuesday in North America. Asian trading has seen price action confined to a conservative 1.2968-1.3007 range. Selling by likes of China, BIS and Swiss National Bank above 1.3000 has so far helped cap the euro's recent rally.  The market will ...

ForexLive Asian market wrap: chance of RBA rate hike recedes

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Australian CPI trimmed mean +0.5% Vs +0.8% forecast Chances of RBA rate hike next week now virtually zero RBNZ expected to raise New Zealand rates tomorrow by 25bps South Korean June current account surplus $4.2 billion South Korean central bank seen buying USD/KRW Annual IMF report on China released: drops reference to Yuan being substantially ...
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