Sep 10, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Cable holding up well, so far

Posted:

Presently at 1.5450.  Talk pharmaceutical company has need to buy pairing today for dividend payment purposes helping support.  There's also been very decent interest to buy GBP/CHF going through. The cross is up at 1.5790 from early 1.5670.

UK Analysis: Aug Output Price Inflation Lowest Since February

Posted:

--Aug producer output prices unch. m/m; +4.7% y/y --Aug core producer output prices +0.1% m/m; +4.6% y/y --Aug producer input prices -0.5% m/m; +8.1% y/y LONDON (MNI) - Output price inflation eased for the fourth consecutive month in August to its lowest level for six months, ...

UK DATA: Aug producer output prices unch. m/m; +4.7%.

Posted:

UK DATA: Aug producer output prices unch. m/m; +4.7% y/y --Aug core producer output prices +0.1% m/m; +4.6% y/y --Aug producer input prices -0.5% m/m; +8.1% y/y ------------------------------------------------------------------------ Output prices were flat on the month in Aug with inflation easing to 4.7% from 5%, the fourth consecutive month that inflation has declined ...

BIS sells EUR/USD

Posted:

Just this minute got report BIS seen seling EUR/USD up around 1.2735/40 area.   Nice work if you can get it.  Not quite a big figure profit, but 60/65 pips will do. We're presently at 1.2727.

FinMin: Greek Jan-Aug state budget deficit down 32.2% y/y

Posted:

Versus 39.5% target. My brain's a bit fried, being Friday and all that. But don't think thats very good news. Infact the fog's clearing, it isn't good news!!! EUR/USD down at 1.2730 from session high 1.2742.

ITALY DATA: July SA industrial output rose +0.1% and.

Posted:

ITALY DATA: July SA industrial output rose +0.1% m/m, and +4.8% y/y in workday adjusted terms. The m/m result follows a gain of 0.5% in June and 1.0% in May. --July unadjusted y/y output rose 1.7%, slowing from 8.0% in June and 10.5% in May . --See details ...

Germany Seeks Bids On E5 Bln New 6-Mon Bubills; Sale Sep 13

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids for a E5 billion sale of new 6-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, September 13. The announcement of the auction results will ...

Germany Confirms To Tap Jun2011 Bubill By E2 Bln Sep 20

Posted:

FRANKFURT (MNI) - Germany will sell E2 billion in a top up of its June-2011 maturity bubill, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, September 17. Bids are due by 0900 GMT on Monday, ...

Italy July industry output +0.1% m/m

Posted:

Weaker than median forecast of +0.5%.  Working day adj +4.8% y/y, weaker than median forecast of +5.7%.

EUR/USD extending recovery

Posted:

The Dubai World news seems to have been the trigger for quite a rebound in risk sentiment.  EUR/USD up at 1.2730, EUR/CHF up around 1.3000.  Cable has rebounded strongly, presently at 1.5450. Guess we should be alert to renewed SNB selling in EUR/USD, the Swiss central bank having been seen active seller ...

Japan PM Kan: To make decisive steps on yen as needed

Posted:

Rapid fx moves risk hurting economy Joint fx intervention difficult

Spain PM says can maintain current unemployment benefits and social programs if cuts made elsewhere

Posted:

Complying with planned rate of deficit reduction Energy, pension and other reforms still pending and "politically difficult" If economy improves can hopefully roll back austerity plans in coming months Not planning major cabinet reshuffle

Analysis: EU Commission To Revise Up 2010 Growth Forecasts

Posted:

--Economists See 2010 Forecast Revised Up To Match ECB Staff By Emma Charlton BRUSSELS (MNI) - The European Commission is set to revise upward its forecasts for growth this year when it updates its projections on September 13, economists said. In its ...

Dubai World says reached formal agreement with over 99% of creditors to restructure approx $24.9 of liabilities

Posted:

News helping risk sentiment. EUR/USD back above 1.2700, presently at 1.2708.  EUR/JPY at session high 106.90. Dubai govt remains a supportive, committed shareholder. To focus on developer Nakheel Dubai World says well-positioned to close restructuring in coming weeks UPDATE:  Eastern European names and model funds reported notable buyers EUR/USD in recent trade.

EUR/CHF moving higher

Posted:

Presently at 1.2945 from early 1.2890.  I'm getting reports one of the large Swiss commercial banks is a very notable buyer of USD/CHF this morning (go figure), that pairing up at 1.0195 from early 1.0170.

IfW Inst Sees Germany 2010 Fed Borrow Of E53Bn, E50Bn In 2011

Posted:

BERLIN (MNI) - The Institute for the World Economy (IfW), one of the Germany's leading economics research institutes, expects German federal net new borrowing to amount to E53 billion in 2010 and E50 billion in 2011, IfW economist Alfred Boss told German business daily Handelsblatt in an interview published Friday. ...

Austrian Q2 GDP revised up to 1.2% q/q – WIFO

Posted:

Researcher WIFO says Austria's economy grew by +1.2% in second quarter, revising up its flash estimate of +0.9%.   WIFO compiles the Austrian GDP data on behalf of the statisitcs office. Good job Austria!!  High five everybody....

FRANCE DATA: July industry output +0.9% m/m after….

Posted:

FRANCE DATA: July industry output +0.9% m/m after June -1.7% -- Above expected; MNI analysts survey median +0.5% m/m -- July mfg output +1.4% m/m after June -1.2% m/m (-1.3%) -- For more details, please see MNI Mainwire

French July industry output +0.9% – INSEE

Posted:

Better than median forecast of +0.7%. Manufacturing industry output +1.4% m/m, much better than median forecast of +0.7%.

EUR/GBP ticks higher

Posted:

EUR/GBP is ticking higher, presently up at .8245 from early .8220.  The .8200 barrier option interest we've mentioned recently remains intact.  Protective buy orders at .8200/10 continue to limit the downside.  Would hazard a guess decent-sized stops gathering not far below .8200 now.

No comments:

Post a Comment