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Analysis: EMU Industry Output Dipped In June; 2Q Up 2.5% Q/Q
UK Q2 Property Repossessions, Mortgage Arrears Fall – CML
EZ June industrial production falls more than expected
ECB Forecasters Survey:2010 GDP Unchanged, 2011 GDP Fcast Cut
No comment on FX intervention
FinMin Noda on newswires: looks like the same old jawboning
It’s all about the JPY crosses
ECB Honohan: Irish bond-spreads ridiculous
Swedish CPI +1.1% YoY
ECB Honohan: Irish Spreads A Setback; Level Ridiculous: Paper
Senior BOJ, MOF Officials Discuss Japan Economy, Markets
USD/JPY: Gains might be harder earned from here on
Expect high volatility in JPY crosses
Japan FinMin Noda to hold news conference at 8.30gmt – new spike
Australian Employment Growth Cools, Pushing Jobless Rate Higher
Trade Ministry to Survey Companies to Assess Effects of Strengthening Yen
Japan July Consumer Confidence Index Posts 1st Drop In 7 Mths
US trade gap swells to 21-month high
Nikkei Closing at 9212.59 down 0.86%
BOJ were checking rates , say dealers – reports Reuters

Analysis: EMU Industry Output Dipped In June; 2Q Up 2.5% Q/Q

Posted:

--Leading Indicators Point To Rebound At Start Of 3Q June: -0.1% m/m, +8.2% y/y MNI survey median: +0.5% m/m, +9.1% m/m MNI survey range: -0.5% to +1.0% m/m May: ...

UK Q2 Property Repossessions, Mortgage Arrears Fall – CML

Posted:

LONDON (MNI) - UK property repossessions and the number of mortgages in arrears both fell in the second quarter and the Council of Mortgage Lenders revised down its 2010 forecasts. The number of properties taken into possession fell to 9,400 in ...

EZ June industrial production falls more than expected

Posted:

The fall of 0.1% MoM is significantly worse than the +0.7% which had been expected. EUR/JPY is off over 100 pips in the last hour and EUR/USD is only 10 pips off its daily low. How quickly things can change.

ECB Forecasters Survey:2010 GDP Unchanged, 2011 GDP Fcast Cut

Posted:

FRANKFURT (MNI) - The Eurozone's economic recovery is expected to continue at a slowing pace, with forecasters cutting 2011 growth projections and seeing further downside risks, the European Central Bank's quarterly forecast survey showed Thursday. The 55 survey respondents did ...

No comment on FX intervention

Posted:

Sorry, I thought the whole idea of the press conference was to say something new about stemming the rise of the JPY. The market is surely going to try selling USD/JPY and the JPY crosses again.

FinMin Noda on newswires: looks like the same old jawboning

Posted:

The JPY crosses are starting to fall back again as the FinMin says nothing new, just the same old statement about excessive moves.

It’s all about the JPY crosses

Posted:

If you want to know where the EUR/USD is going in the next few hours, then watch what's happening in EUR/JPY. Similarly with cable and GBP/JPY. Personally I think that EUR/USD will run out of short term bullish momentum somewhere in the mid 1.29's and that it will then fall back ...

ECB Honohan: Irish bond-spreads ridiculous

Posted:

The head of the Irish central bank isn't mincing his words, calling the present spreads of Irish bonds ridiculous. Here's an interesting bit of FX history. Back in 1992 when George Soros, Goldman Sachs and a few other notable punters took on the GBP and won, they then turned their greedy ...

Swedish CPI +1.1% YoY

Posted:

Slightly lower than the 1.2% forecasts.

ECB Honohan: Irish Spreads A Setback; Level Ridiculous: Paper

Posted:

FRANKFURT (MNI) - The risen spreads of Irish bonds are "a setback" for the hope that markets would reflect the country's efforts to demonstrate fiscal credibility, European Central Bank Governing Council member Patrick Honohan said in an interview published late Wednesday. ...

Senior BOJ, MOF Officials Discuss Japan Economy, Markets

Posted:

TOKYO (MNI) - Senior officials from the Bank of Japan and the Ministry of Finance met on Thursday to compare notes on recent economic and financial conditions, a BOJ official said. Hiroshi Nakaso, BOJ executive director in charge of monetary ...

USD/JPY: Gains might be harder earned from here on

Posted:

The BIS appeared on the offer just above 86.00 a couple of session ago and if they appear again, that would certainly slow down the USD/JPY rally. There are also corporate offers seen starting above 86.20 and heavier offers between 86.60/90.

Expect high volatility in JPY crosses

Posted:

Many thanks to Loouise for getting me on to the JPY crosses earlier this morning and my drug of choice, EUR/JPY, has rallied quite nicely. This BoJ press conference could be a case of 'buy the rumour sell the fact' so I've sold out 50% of my longs and will ...

Japan FinMin Noda to hold news conference at 8.30gmt – new spike

Posted:

USD/JPY trades up to 85.59 on my platform

Australian Employment Growth Cools, Pushing Jobless Rate Higher

Posted:

This article from Bloomberg I have found of particular interest for no other reason than it mentions that CocaCola Amatil, the drinks producer, have put on 300 people in Australia ( nearly 10% Aust workforce !) and most of them have gone to their Bluetongue Beer division....glad some companies get ...

Trade Ministry to Survey Companies to Assess Effects of Strengthening Yen

Posted:

Japan's Ministry of Economy, Trade and Industry said it will survey about 200 companies to assess the impact from gains in the yen

Japan July Consumer Confidence Index Posts 1st Drop In 7 Mths

Posted:

-- Japan July Consumer Confidence Index 43.3 Vs June 43.5 -- Japan Govt Repeats: Consumer Confidence Seen Improving TOKYO (MNI) - Japan's Consumer Confidence Survey index fell to 43.3 in July from 43.5 in June, posting the first month-on-month drop in seven months, ...

US trade gap swells to 21-month high

Posted:

The sharp rise in the US trade gap in June was evidence that while demand in the US economy has so far held up reasonably well, a disturbing amount of it is leaking abroad, per this FT article