Your forexlive.com ENewsletter

Analysis: EMU Construction Fell Back In July; Plunge In Spain
ECB’s Weber: Governments Assure No Sovereign Defaults In EMU
EUR/USD holding up near session highs
China selling AUD/USD
ECB Nowotny:To Discuss Exiting Liquidity Ops Before Rate Move
Japanese exporters sell EUR/JPY
Germany Confirms To Sell E4 Bln New 12-Month Bubills Sep 27
Germany Seeks Bids On E2 Bln June2011 Bubill Tap; Sale Sep 20
Germany Seeks Bids On E2 Bln June2011 Bubill Tap; Sale Sep 20
ITALY DATA: July industrial orders slowed a adjusted.
EMU DATA: The seasonally adjusted current account….
EUR/JPY extends rally
ECB’s Weber: Too early to say financial crisis over
Japan MOF Gyohten: Japan should take steps to prevent blow to economy if forex moves undesireable
Talk of 1.3170 barrier interest
USD/JPY all over the shop
Ketchuponomics
Japan Aug Department Store Sales -3.2% Y/Y, 30th Fall In Row
Stoxx Europe 50 futures rise 1%
German Aug PPI flat m/m, +3.2% y/y

Analysis: EMU Construction Fell Back In July; Plunge In Spain

Posted:

July: -3.1% m/m, -7.5% y/y June: +1.8% m/m (revised from +2.7%) May: -0.9% m/m (revised from -0.7%) April: +0.1% m/m (revised from +0.5%) March: +6.4% m/m (revised from +6.6%) February: -6.4% m/m (revised from -6.0%) --- ...

ECB’s Weber: Governments Assure No Sovereign Defaults In EMU

Posted:

OESTRICH-WINKEL, Germany (MNI) - European governments have made it clear that there will be no sovereign defaults in the Eurozone, European Central Bank Governing Council member Axel Weber said Friday. Greece did the right thing by turning to the IMF ...

EUR/USD holding up near session highs

Posted:

Presently at 1.3155 with German names seen notable buyers in recent trade. So far Middle Eastern selling between 1.3150/60 has just about managed to hold the upside. As mentioned earlier, talk of 1.3170 barrier option interest, stops above there.

China selling AUD/USD

Posted:

Busy defending .9475. We're presently at .9461 having been as high as .9468.

ECB Nowotny:To Discuss Exiting Liquidity Ops Before Rate Move

Posted:

VIENNA (MNI) - The European Central Bank will discuss unwinding non-conventional liquidity measures before considering raising interest rates, ECB Governing Council member Ewald Nowotny said Friday. "It is quite obvious that the interest rates as they are now are not ...

Japanese exporters sell EUR/JPY

Posted:

We're back down at 112.75 from session high 112.98.

Germany Confirms To Sell E4 Bln New 12-Month Bubills Sep 27

Posted:

FRANKFURT (MNI) - Germany will sell E4 billion new 12-month bubills on September 27, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, September 24. Bids are due by 0900 GMT on Monday, September 27, with ...

Germany Seeks Bids On E2 Bln June2011 Bubill Tap; Sale Sep 20

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids for a E2 billion top up of June-2011 maturity bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, September 20. The announcement of the auction results ...

Germany Seeks Bids On E2 Bln June2011 Bubill Tap; Sale Sep 20

Posted:

ITALY DATA: July industrial orders slowed a adjusted.

Posted:

ITALY DATA: July industrial orders slowed a seasonally adjusted -3.0%m/m also in orders from abroad, following a -2.9% loss in June and 3.3% gain in May. On the year, unadjusted industrial orders rose 0.7%, posting the best y/y gain since the series start in 2005. --May seas. adjusted m/m domestic orders -4.5%; foreign orders ...

EMU DATA: The seasonally adjusted current account….

Posted:

EMU DATA: The seasonally adjusted current account for the Eurozone was unchanged at -E3.8 billion in July, the European Central Bank reported on Friday. -- EMU July direct + portfolio outflow E25.7bn; June outflow E1.0bn -- EMU July direct invest outflow E1.9bn; June outflow E7.9bn -- EMU July portfolio invest outflow E23.8 ...

EUR/JPY extends rally

Posted:

Up at 112.95 from early 112.60, with real money seen buying in recent trade. Elsewhere large Swiss commercial bank seen notable buyer USD/JPY in recent trade, although exporter sell orders at 85.85/95 so far capping. Stops seen through 86.00 and 86.40 in USD/JPY.

ECB’s Weber: Too early to say financial crisis over

Posted:

Germany still an over-banked market Governments have made it clear there will be no Greek sovereign default Sovereign default in euro zone will not happen

Japan MOF Gyohten: Japan should take steps to prevent blow to economy if forex moves undesireable

Posted:

USD/JPY extends rally, presently at 85.90. Hard to stabilise forex levels with intervention alone

Talk of 1.3170 barrier interest

Posted:

That would be in EUR/USD. :)

USD/JPY all over the shop

Posted:

Not really. Just checking to see if you're still awake. USD/JPY sits at 85.75, where it was when I arrived nearly 3 hours ago. Here's what we got. Talk of BOJ on the bid down at 85.60. Exporter sell orders 85.85/95. Pick the bones out of that.