Aug 31, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Japan ruling party powerbroker Ozawa will challenge PM Kan in party leadership race

Posted:

Guess the meeting went well then. UPDATE:  PM Kan says he agreed with Ozawa to work together regardless of party leadership race outcome.

UK Data: Mortgage Approvals Rise; M4 ex-IOFC Growth Weak

Posted:

--BOE: July M4 Ex-intermediate OFCS Unch. m/m; +1.2% 4q/12m --BOE: UK July House Purchase Approvals 48,722 vs 48,562 jun --BOE: UK July M4 Ex-IOFCS Lending up 0.3% m/m; Unch. 4q/12m --BOE: UK July Net Mortgage Lending Stg86mn vs Stg518mn Jun --BOE: UK July Net Consumer Credit Stg173mln ...

TABLE: BOE Mortgage, M4 ex-IOFCs Data For July

Posted:

...

UK July mortgage approvals 48,722

Posted:

Versus 48,562 in June, quite a bit better than median forecast of 46,500.

UK inflation expectations for year ahead rise to 2.9% in August

Posted:

From 2.7% in July. Expectations for next 5 to 10 years steady in August at 3.3%

Ex BOJ Mizuno: Counterproductive if Japan doesn’t act on its words in signalling fx intervention

Posted:

Japan intervention may gain understanding if yen rises on factors it can't control Increasing outright govt bond buying not an option for the BOJ

Germany Confirms To Tap 0.75% Sep ‘12 Schatz By E6 Bn Sep 8

Posted:

FRANKFURT (MNI) - The German federal government will auction about E6 billion in a top-up of its 0.75%-coupon September 2012 two-year notes (Schatzanweisungen) on September 8, the Bundesbank confirmed Tuesday. The formal tender offer will be made on Tuesday, September ...

Germany’s SA Unemployment Down 17K In August, Less Than Fcast

Posted:

SA Unemployment: -17k (pan-German), -5k (West), -12k (East) MNI survey median: -20,000 m/m MNI survey range: -35,000 to -10,000 m/m -- FRANKFURT (MNI) - The ranks of the unemployed in Germany contracted yet again in August, though by slightly less than generally expected, as 17,000 fewer individuals ...

Italy s.a retail sales +0.3% m/m, +0.5% y/y

Posted:

Better than median forecasts of +0.1%, -0.5% repsectively.

German August s.a jobless total -17,000

Posted:

Pretty much in line with median forecast of -20k. Unemployment rate 7.6%, unchanged from July and as expected.

Italy August business morale rises to 100.5 from 98.3 in July

Posted:

Highest since May 2008.

Japan MOF’s Ikeda: BOJ should not rule out interest rate cut to zero pct

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Japan PM Kan to meet ruling party powerbroker Ozawa at 08:00 GMT about leadership race

Posted:

UK Data Forecasts: July BOE Personal Lending

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...

Japan July Construction Orders -0.7% Y/Y Vs June -10.2%

Posted:

TOKYO (MNI) - The value of construction orders received in July by the 50 largest contractors in Japan fell 0.7% from a year earlier to Y656.03 billion, the second consecutive y/y drop, the Ministry of Land, Infrastructure, Transport and Tourism said on Tuesday. ...

European stocks getting hit

Posted:

DAX 30 -1.2%.  FTSE 100 -1.3% France's CAC 40 -1.4% Spain's IBEX 35 -1.6%, Portugal's PSI 20 -1%, Italy's MIB -1.5% EUR/USD languishes around session lows, presently at 1.2628.

Japan MOF’s Ikeda: Will take decisive steps against rapid currency moves

Posted:

USD/JPY up marginally from session low 84.06, presently at 84.20.

USD/JPY continues slow drift

Posted:

Market seems content to slowly probe for signs of official  Japanese intervention.  USD/JPY down at session low 84.06 at writing. Talk of 84.00 and 83.50 barrier option interest.  Sell orders seen clustered up at 84.50/80.

Obama could kill fossil fuels overnight with a nuclear dash for thorium

Posted:

AEP in The Telegraph.

Cable slips early

Posted:

Cable down at 1.5425 from North American close Monday up around 1.5460.  General risk aversion weighing on the pairing. UK data scheduled for today: 08:30 GMT: M4 money supply for July (final) 08:30 GMT;  Mortgage approvals for July expected 46.5k; net consumer credit expected flat; lending sec on dwellings expected +0.7 bln Talk month ...

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