Aug 27, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Update 2: UK Q2 GDP Growth Revised Higher; Stock Cycle Turns

Posted:

--Adds Detail To The Version Transmitted At 0837 GMT --1st revision Q2 GDP +1.2% q/q; 1.7% y/y --Median forecast: +1.1% q/q; 1.6% y/y LONDON (MNI) - UK economic output rose at its fastest rate for nine years in the second quarter, as companies built up stocks at ...

Update: UK Q2 GDP Growth Revised Higher; Stock Cycle Turns

Posted:

--Adds Detail To The Version Transmitted At 0830 GMT --1st revision Q2 GDP +1.2% q/q; 1.7% y/y --Median forecast: +1.1% q/q; 1.6% y/y LONDON (MNI) - UK economic output rose at its fastest rate for nine years in the second quarter, as companies built up stocks at ...

UK Analysis: Q2 GDP Growth Revised Higher; Stock Cycle Turns

Posted:

--1st revision Q2 GDP +1.2% q/q; 1.7% y/y --Median forecast: +1.1% q/q; 1.6% y/y LONDON (MNI) - UK economic output rose at its fastest rate for nine years in the second quarter, as companies built up stocks at the fastest pace since the credit credit crunch ...

BIS on the bid in EUR/USD

Posted:

At 1.2715. We're presently at 1.2718.

UK Q2 GDP revised up marginally

Posted:

To 1.2% q/q, +1.7% y/y from initial +1.1%, +1.6% respectively. Highest q/q rate since Q1 2001.

Japan PM Kan: Will take firm measures on currencies when necessary

Posted:

Will meet with BOJ Governor when he returns from overseas trip Excessive currency moves can have negative impact on financial stability Expects BOJ to take appropriate monetary policy action Watching currency markets with great interest Will decide on measures on econominc stimulus, strong yen, on Aug 31 Will bring forward growth strategy policies due to ...

Cable steady GDP data awaited

Posted:

Cable sits at 1.5525, unchanged from where it was when I arrived 4 hours ago, recovering from brief dip below 1.5500. Q2 GDP up in just under 10 mins. Expected +1.1 q/q, +1.6% y/y

Germany: Hesse August CPI Up +0.1% M/M; Brandenburg Flat M/M

Posted:

Hesse CPI August: +0.1% m/m, +0.7% y/y July: +0.3% m/m, +0.9% y/y --- Brandenburg CPI August: ...

Russia sells EUR/USD

Posted:

And that Ladies and Gentlemen is why I call them jobber supreme.  We're presently at 1.2730. Nice work if you can get it.

Someone just told me……

Posted:

The US investment bank doing God's work has apparently put out a buy cable recommendation.  We have no details. Anyone hear anything let us know.

Russia buys EUR/USD

Posted:

We're up a touch at 1.2715. Also talk of "Chinese names" buying the pairing. So we can say China is buying again.

Germany: NRW Aug CPI +0.2% M/M; Above Pan-German Median Fcast

Posted:

North-Rhine Westphalia CPI August: +0.2% m/m, +1.0% y/y July: +0.2% m/m, +1.1% y/y --- Pan-German CPI MNI median forecast: +0.1% m/m, +1.1% y/y MNI forecast range: flat ...

EUR/AUD slightly lower

Posted:

Down at 1.4315 from early 1.4345 amid reports of hedge fund selling.

Germany’s Schaeuble Doesn’t Rule Out Tax Cuts Before 2013

Posted:

BERLIN (MNI) - The German government might lower tax rates in the current legislature if it would still be able to meet its deficit reduction goals, German Finance Minister Wolfgang Schaeuble said in a newspaper interview published Friday. "I don't ...

European stocks slightly lower in early trade

Posted:

DAX 30 off 0.2%,  CAC 40 off 0.5%, FTSE off 0.3% EUR/USD smidgeon easier in tranquil trade.

Germany: Saxony August CPI Flat M/M; Below Pan-German F’cast

Posted:

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

PM Kan missing in action

Posted:

The search parties are out looking for him, but no sign as yet.  Well I'd heard he was supposed to  give press conference 06:00 GMT as had a number of my contacts, but he's not surfaced. It's a funny old world. I hope he's OK.

Analysis: Germany’s July Import Prices Down 0.2% On The Month

Posted:

July: -0.2% m/m, +9.9% y/y June: +0.9% m/m, +9.1% y/y -- BERLIN (MNI) - Import prices in Germany fell somewhat less ...

Close, but no cigar

Posted:

Cable down at 1.5510 from North American close Thursday up around 1.5530.   The cable bulls came close to getting through the 1.5580/00 sell orders we mentioned yesterday, but just came up short, the pairing topping out at 1.5597.  As they say, "close, but no cigar." Today we've got revision to Q2 ...

Australian Oppostion leader Abbott: Does not want fresh election

Posted:

Key to next govt rests with three sitting independents

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