Sep 30, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EU Rehn: Portugal Govt Budget Measures Go In Right Direction

Posted:

BRUSSELS (MNI) - Portugal's new austerity measures go in the right direction, European Commissioner for Economic and Monetary Affairs, Olli Rehn said on Thursday. Late Wednesday Portugal's government announced a fresh set of austerity measures, including a 5% cut in ...

Finally Some Comments on USD/JPY

Posted:

As someone had noted earlier, Japan has been deathly quiet today but it didn't last. Dow Jones has just released a series of comments from the MOF - will take decisive action etc etc. The most interesting comment however was one that said  "MOF Sakurai suggests Government may discuss BOJ law ...

Austria Finmin: Irish Problems No Immediate Threat To EMU

Posted:

By Johanna Treeck Brussels (MNI) - Banking and sovereign debt problems in Ireland do not pose an immediate threat to the stability of the Eurozone, Austrian Finance Minister Josef Proell told Market News International on Thursday. However, Proell said it is ...

Update: Germany Sep SA Unemployment Falls More Than Expected

Posted:

--Adds comments from Labor Agency Head Weise to story sent at 8:06 GMT SA Unemployment: -40k (pan-German), -33k (West), -7k (East) MNI survey median: -15,000 m/m MNI survey range: -50,000 to -10,000 m/m -- FRANKFURT (MNI) - The number of individuals actively searching for work in Germany ...

DATA TABLE: BOE Q3 Credit Conditions Survey

Posted:

London (MNI) - The following table shows the key results of the Bank of England's Credit Conditions survey. The data are weighted net percentage balances, based on responses from lenders in the UK market. ...

BOE: Q3 Survey: Corporate Credit Growth Seen Slowing

Posted:

--BOE: Q3 Corporate Credit Available Net 7.8% vs 7.1% in Q2 --BOE: Q3 Corporate Credit Availabe Next 3m Net 3.4% vs 6.5% Q2 --BOE: Q3 Secured Household Credit Available Net 8.3% vs 6.3% Q2 --BOE: Secured Household Credit Available Next 3m -3.9% vs -11.4% Q2 --BOE: Q3 Unsecured Household Credit ...

BOE’s Tucker: Need Systems So Banks Can Fail

Posted:

LONDON - Bank Of England Deputy Governor Paul Tucker, whose brief includes financial stability, said Thursday that the financial system needs bank resolution plans and tools in order to let distressed financial institutions to fail and so ensure the market better regulates itself. ...

GBP/USD Powering Ahead

Posted:

GBP/USD is leaving others in its wake this morning having just made a fresh intraday high at 1.5892. Recall Sean's note earlier today about a large EUR/GBP sell order at todays London fix. Talk is that the transaction is for an European central bank - amount said to be in ...

Germany’s September SA Unemployment Falls More Than Expected

Posted:

SA Unemployment: -40k (pan-German), -33k (West), -7k (East) MNI survey median: -15,000 m/m MNI survey range: -50,000 to -10,000 m/m -- FRANKFURT (MNI) - The number of individuals actively searching for work in Germany continued to decline in September, beating general expectations, the German Labour Ministry ...

EUR/USD Heading back towards the Days High

Posted:

It seems a rating downgrade for Spain is good news for the Euro. The market certainly thinks so with the one notch downgrade very acceptable under the circumstances. The Germany/Spain bond spread has narrowed to 187bps, its tightest since Sept 27. Even the Ireland bank news has generally been accepted ...

GERMANY DATA: The ranks of the unemployed in Germany.

Posted:

GERMANY DATA: The ranks of the unemployed in Germany fell by a seasonally adjusted 40,000 to 3.146 million on the month in September, bringing the jobless rate to 7.5% compared to teh 7.6%-rate generally forecast, the Labour Ministry reported on Thursday. -- Germany September nsa unemployment rate 7.2% vs August 7.6% ...

ECB Constancio: LTRO Result Is Proof Of Gradual Normalization

Posted:

BRUSSELS (MNI) - The results of the European Central Bank's three-month refinancing auction on Wednesday show that money markets are gradually returning to more normal conditions, ECB Vice President Vitor Constancio said here today. Constancio, speaking to reporters on the ...

China Not a Happy Chappy

Posted:

With the US finally getting serious after a decade of promising to, the US House of Reps passed a bill last night by a wide margin (348 for to just 79 against) that would allow the US to levy tariffs on countries that undervalue their currencies.  The bill of course ...

UPDATE 2: BOE’s Posen: Further QE Not Foregone Conclusion

Posted:

-- Adds Comments To Version Transmitted At 0645GMT -- Posen: IMF Report On UK Not As Rosy As Many Suggested -- Adds Comments On Posen's Fears For Long-Term Health Of Econ LONDON - Bank of England Monetary Policy Committee member Adam Posen ...

ECB’s Kranjec:Policy Won’t Be Made For Single EMU States–WSJ

Posted:

FRANKFURT (MNI) - The European Central Bank's monetary policy is calibrated for the entire monetary union and cannot focus on individual EMU states, ECB Governing Council member Marko Kranjec told the Wall Street Journal. "National differences are a question that ...

UPDATE 1: BOE’s Posen: Further QE Not Foregone Conclusion

Posted:

-- Adds Comments To Version Transmitted At 0645GMT -- Posen: IMF Report On UK Not As Rosy As Many Suggested LONDON - Bank of England Monetary Policy Committee member Adam Posen has said that while his central view is more quantitative ...

Irish Cbank Statement On Prudential Capital Assessment

Posted:

DUBLIN (MNI) - The following is a verbatim statement of the Irish Central Bank's statement on implementation of the requirements stemming from its Prudential Capital Assessment Review of Irish banks. The Central Bank is announcing today (30 September 2010) that ...

Japan Aug Construction Orders -0.02% Y/Y Vs July -0.7%

Posted:

TOKYO (MNI) - The value of construction orders received in August by the 50 largest contractors in Japan fell 0.02% from a year earlier to Y694.18 billion, the third consecutive y/y drop, the Ministry of Land, Infrastructure, Transport and Tourism said on Thursday. ...

BOE’s Posen: Further QE Not Foregone Conclusion

Posted:

LONDON - Bank of England Monetary Policy Committee member Adam Posen has said that while his central view is more quantitative easing is required it is 'by no means a foregone conclusion'. In a recorded interview with the Yorkshire ...

FRANCE DATA: August +0.1% m/m, +3.5% y/y; July: m/m,.

Posted:

FRANCE DATA: August +0.1% m/m, +3.5% y/y; July: +0.2% m/m, +3.8% y/y --August manufacturing PPI +0.1% m/m, +2.8% y/y --August oil product prices -0.1% m/m, +20.3% y/y --August industry import prices +0.3% m/m, +7.0% y/y See Mainwire for more details

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