Nov 10, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Germany’s Wise Men Fcast 2010 German GDP +3.7%, +2.2% In 2011

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BERLIN (MNI) - Germany's council of independent economic advisers -- the so-called five wise men -- expects German GDP growth of 2.2% next year. The council sharply raised its forecast for 2010 German GDP growth to 3.7% from the 1.6% ...

BOJ Governor Shirakawa holds meeting with PM Kan – JIJI

Posted:

Finance Minister Noda and Chief Cabinet Secretary Sengoku also present.  Don't really have any onther details at moment. USD/JPY pretty steady at 81.78

MNI Survey: Japan Oct CGPI +0.6% Y/Y, Largest Since Dec 08

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-- See Separate Table For Details TOKYO (MNI) - Japan's corporate goods price index for October is expected to have risen 0.6% on year, posting the largest gain since December 2008, when ...

ITALY DATA: September SA industrial output dropped…

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ITALY DATA: September SA industrial output dropped -2.1% m/m, but was up +4.1% y/y in workday adjusted terms, the highest y/y gain since December 1997. The m/m result follows gains of 1.6% in August, 0.3% in July, and +0.5% in June. --September unadjusted y/y output rose 4.1% vs 12.8% in ...

Irish/German 10-year govt bond yield spread hits euro lifetime high of 579 bps

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USD/JPY slips back after early rally fizzles out

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USD/JPY is back at 81.66, having seen an early rally attempt fizzle out at session high 81.91. Sources report that French car company Renault was a notable seller around the highs.  Sources also report that buy stops are now gathering up in the 82.10/20 area.

BOE Offers Unltd Usd In 6-Day Repo, Fixed Rate 1.19%

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LONDON ((MNI) - The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 6-day repo operation, settlement date Nov 4 maturing Nov 18 2010. The Bank said the repo would be at a fixed-rate, with the ...

Middle Eastern sovereign wealth fund buys EUR/USD

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The Middle Eastern sovereign wealth fund who played a large part in  yesterday morning's sharp rally in EUR/USD is back buying the pairing. We're presently up at 1.3802.

ECB Calls For Bids In 6-Day US$ Liquidity Providing Operation

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FRANKFURT (MNI) - The European Central Bank said Wednesday that it will launch a 6-day liquidity providing operation to ease pressures in the short-term U.S. dollar funding markets. The operation is carried out at a fixed rate of 1.19% with ...

MNI Survey: Japan Sep Machine Orders -10% M/M; Pickup Intact

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-- See Separate Table For Details TOKYO (MNI) - Japan's core private-sector machinery orders are likely to show ...

FRANCE DATA: Sept industry output +0.1% m/m after….

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FRANCE DATA: Sept industry output +0.1% m/m after Aug flat m/m -- Below expected; MNI analysts survey median forecast +0.5% m/m -- 3Q industry output +0.4% q/q; 2Q +0.8% q/q -- Sept mfg output -0.1% m/m after Aug +0.1% m/m (flat) -- For more information, please see Mainwire

India buys EUR/USD

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And AUD/USD in recent trade.  EUR/USD touch higher at 1.3785.

Bank guarantee scheme extended to next June – Irish Times

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Irish woes are helping limit EUR/USD gains. Couple of stories noted in Irish Times. Here's the other

BIS sells EUR/USD

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Apparently the BIS was also a notable seller up around 1.3800.

And up and down and up and down…..

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EUR/USD is back down at 1.3771 having run into a wall of hedge fund selling  around 1.3800.

EUR/USD ticks higher as European trading gets underway; notable buyer seen

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EUR/USD has advanced to 1.3793 at writing , with sources reporting that a US investment bank (you know the one) has been very notable buyer in this latest move.

Concern as King blurs line on policy – FT

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Apparently some senior staff at the Old Lady are uncomfortable with Merves' endorsement of government's spending cuts, feeling he has overstepped the line seperating monetary and fiscal policy. Sterling's looking a little peeky in early European trade, cable having slipped back below 1.6000, while EUR/GBP is up at .8625 from early .8605. All ...

Ireland’s fate tied to doomed banks

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WSJ article

GERMANY DATA: Wholesale prices in Germany fell back..

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GERMANY DATA: Wholesale prices in Germany fell back 0.3% on the month to October, resulting in an annual change of +7.7%, the Federal Statistical Office reported on Wednesday. -- Germany October WPI: solid fuels/oil products +0.3% m/m -- Germany October WPI: ore/iron/steel/non-ferrous metals +0.1% m/m -- Germany October WPI: grains/seeds/feed -3.5% ...

Japan Average Regular Gasoline Prices Flat For 2 Weeks In Row

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TOKYO (MNI) - The average price of regular gasoline in Japan this week stood at ...

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