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EUR/GBP technicals: Double-top on hourly chart suggests more downside
UK Analysis: Jul Public Borrowing Down As Receipts Grow
Sterling rallies on better than expected retail sales
Bond yields suggest that deflation is Germany’s biggest problem
Taiwan Q2 GDP +12.5% YoY
Dutch August consumer confidence -11 points, Vs -14 in July
Jawboning continues out of Tokyo
USD makes mild comeback during Asia
Japanese shares gain on stimulus expectation
Japan July Department Store Sales -1.4% Y/Y, 29th Fall In Row
Economy is on a knife-edge, warn Bank of England policymakers
Swiss July Trade Balance CHF 2.87bn
German July PPI +0.50% MoM
Nikkei closes up at 9232.68 up 1.32%
Japan Trade Minister Naoshima on the wires…
Japan – July All Industries Activity Index up 0.10%
Bourse Update – Equities having a better day
ForexLive Asian Session Wrap – The BOJ conundrum continues…will they/won’t they !?
Rumours of No BOJ Meeting !
Goldman’s 2027 Call Means China Must Get Busy: William Pesek

EUR/GBP technicals: Double-top on hourly chart suggests more downside

Posted:

I'm sure lots of you have been watching the EUR/GBP hourly chart which topped out twice at .8282 and has now turned lower. The neckline is at .8247 which has been the high today. Selling rallies for a re-test of .8165 looks like a sensible short-term strategy.

UK Analysis: Jul Public Borrowing Down As Receipts Grow

Posted:

--Jul PSNB Stg3.173bn vs Stg5.518bn in Jul 09; median Stg4bn --Jul PSNB ex financial interventions Stg3.79bn vs Stg6.091bn in Jul 09 --Jun PSNCR -Stg4.133bn vs Stg0.94bn in Jul 09; median Stg0.0bn ...

Sterling rallies on better than expected retail sales

Posted:

July retail sales +1.1%, much better than expected. Cable has rallied 70 pips immediately.

Bond yields suggest that deflation is Germany’s biggest problem

Posted:

30-year bond yields have fallen below 3% for the first time indicating that deflation is likely to be Germany's biggest problem, not the much-feared hyper-inflation. Bloomberg reports.

Taiwan Q2 GDP +12.5% YoY

Posted:

This is better than the expected 10% and again shows how well Asian economies are performing.

Dutch August consumer confidence -11 points, Vs -14 in July

Posted:

The EUR/USD is struggling to bounce and is back below 1.2800. Bids are expected to intensify in size towards 1.2750 with Asian central bank bids noted. Cable is also back close to testing its base from yesterday at 1.5500.

Jawboning continues out of Tokyo

Posted:

Deputy FinMin Minezaki firstly says no comment on FX levels but then goes on to say how much of a detrimental effect the strong JPY is having on Japanese exporters.

USD makes mild comeback during Asia

Posted:

Since I left things earlier today, the USD has managed to rally about 50 pips against the other majors with the exception of the AUD which is showing remarkable resilience. My bid at 1.5535 in the cable has been filled and I'm now hoping that the bids around the 200-day ...

Japanese shares gain on stimulus expectation

Posted:

following reports that Naoto Kan, Japan's prime minister, will outline further stimulus plans as early as next month

Japan July Department Store Sales -1.4% Y/Y, 29th Fall In Row

Posted:

TOKYO (MNI) - Department store sales fell 1.4% from a year earlier in July to Y600.2 ...

Economy is on a knife-edge, warn Bank of England policymakers

Posted:

Andrew Sentance was once again a lone voice calling for a rate rise in a meeting where the prospect of further QE was also discussed; this view from the UK Telegraph

Swiss July Trade Balance CHF 2.87bn

Posted:

June was revised to CHF 1.77bn Swiss Watch exports up 19.9% ! That reminds me, only 40 minutes till Sean's watch ! excuse the pun

German July PPI +0.50% MoM

Posted:

vs expectation 0.20% , June was 0.60% YoY was +3.7% vs exp +1.7% July PPI ex-energy was +0.1% MoM, and +2.4% YoY The rise was the biggest monthly rise since December 2008

Nikkei closes up at 9232.68 up 1.32%

Posted:

looking for a positive opening in european equity markets usd/jpy 85.85 and aud/jpy 77.06 eur/jpy109.93

Japan Trade Minister Naoshima on the wires…

Posted:

talked with PM Noda about currency moves Yen rise is accelerating no specific talks with PM on economy steps watching economy with sense of urgency PM is aware that Yen rise is accelerating

Japan – July All Industries Activity Index up 0.10%

Posted:

expectation -0.20% vs June +0.20% This came out a short while ago and isn't of great importance, so much so it didn't get a 'flash' headline and I had to hunt it down !

Bourse Update – Equities having a better day

Posted:

Nikkei up 1.1% after lunch, Hang Seng up 1.15%, Shanghai Composite up 0.42% , Kospi up 0.94% , AllOrds flat

ForexLive Asian Session Wrap – The BOJ conundrum continues…will they/won’t they !?

Posted:

Large buyers emerge in cable overnight around 200-day MA - cable establishing a base at 1.5500 US stocks rise slightly, Treasuries pare gains, summary of yesterday from Bloomberg NZ Q2 PPI inputs +1.4% QoQ, PPI outputs +1.1% QoQ BOJ is considering additional monetary easing steps..via Reuters From Der Spiegel – Greek Woes worrying again ...