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AUD/USD recovers nicely after early weakness
Germany Dep FinMin: Countries Should Avoid Fx Interventions
Cable little sickly this morning
ECB’s Weber: More Stable Fin System Key To Sustainable Growth
German Q3 residential real estate prices +1.4% y/y
France FinMin: Euro Must Not Be Victim Of US/China Mon Policy
UK govt to introduce happiness index
Irish FinMin To See if Banks Alone Can Access EU Funds: Press
There are continuous talks, but none about Ireland triggering the bailout mechanism – Irish Junior Minister
Irish/German bond yield spreads relatively steady
Few see another round from Fed
FRANCE DATA: Sept current account deficit widened to.
Ireland considering asking for EU money for its’ banks – Irish Independent
France’s Lagarde: There is no request for European aid from Ireland
US treasuries extend losses, 5-year yield rises 10bps on the day
UK property prices resume slide in November
Rpt: Electricity Rise Wasn’t Factored Into BOE Forecasts
USD/JPY trading firmer, stops noted
Greece expects Budget pressure from EU, IMF
Ireland fights to stave off £77 bln bail-out

AUD/USD recovers nicely after early weakness

Posted:

AUD/USD having been down to .9813 in early trade is presently back up at .9858. Talk Australian exporters were notable buyers below .9830. Real money has also been seen buying the pairing. And to top things off an Asian sovereign has been seen selling the EUR/AUD cross in recent trade.

Germany Dep FinMin: Countries Should Avoid Fx Interventions

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FRANKFURT (MNI) - Countries should avoid intervening in currency markets, Germany Deputy Finance Minister Joerg Asmussen said Monday. "The state, and the community of states, can and should foresake currency interventions," he told an audience at the ...

Cable little sickly this morning

Posted:

Down at 1.6062 from around 1.6110 when I arrived, having been as low as 1.6042. Major Swiss commercial bank and Russia a couple of notable sellers this morning. From here, technical support at 1.6032 (76.4% of move 1.5985 to 1.6185). Talk of sell stops gathering down in 1.6010/20 area.

ECB’s Weber: More Stable Fin System Key To Sustainable Growth

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BERLIN (MNI) - Making the global financial system more stable is an indispensable precondition for sustainable economic growth, ECB Governing Council member Axel Weber said Monday. "The most important duty now is to create the fundamentals for strong and sustainable ...

German Q3 residential real estate prices +1.4% y/y

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Strongest rise since Q4 2008.

France FinMin: Euro Must Not Be Victim Of US/China Mon Policy

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PARIS (MNI) - As president of the G20, France will aim for a more stable international currency system so that the euro will not be the "victim" of monetary policy in the US and China, Finance Minister Christine Lagarde said Monday. ...

UK govt to introduce happiness index

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I think I'm going to puke Good luck with that one David. I'll tell ya this for nothing; they'll be precious little "happiness" around these parts as we go through 2011.

Irish FinMin To See if Banks Alone Can Access EU Funds: Press

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FRANKFURT (MNI) - Irish Finance Minister Brian Lenihan is considering turning to the European Financial Stability Facility (EFSF) to assist the Irish banking sector, and may inquire at a meeting of EU finance ministers on Tuesday whether banks themselves can access the E440 billion European ...

There are continuous talks, but none about Ireland triggering the bailout mechanism – Irish Junior Minister

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Elsewhere, Banco Santander CEO says funding situation for Spanish banks is improving.

Irish/German bond yield spreads relatively steady

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10 year spread 4 bps tighter at 561 bps. Meanwhile EUR/USD has finally moved, slipping to 1.3645 at writing. Large US commercial bank said to be notable seller in latest move.

Few see another round from Fed

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WSJ article

FRANCE DATA: Sept current account deficit widened to.

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FRANCE DATA: Sept current account deficit widened to E4.4 bln from E4.3 bln in Aug, as - Smaller services surplus (+E0.5 bln after +E0.7 bln) and - Lower net investment revenues (+E2.3 bln after +E2.5 bln) offset - Smaller trade shortfall (-E4.9 bln after -E5.2 bln).

Ireland considering asking for EU money for its’ banks – Irish Independent

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Ireland request for bank aid would be to fend off bailout of state Here's link to story.

France’s Lagarde: There is no request for European aid from Ireland

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EUR/USD seeing fairly steady price action so far this morning, presently at 1.3670.

US treasuries extend losses, 5-year yield rises 10bps on the day

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As aforementioned, this price action in US treasuries will be lending USD/JPY support. As well as stops above 83.00, talk of stops also through 83.20 (83.18 is base of Ichimoku cloud, apparently) Elsewhere, looks like European stocks going to get off to poor start, DAX and CAC 40 futures both down 0.5%. EUR/USD ...

UK property prices resume slide in November

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Oh-eh, not looking good.

Rpt: Electricity Rise Wasn’t Factored Into BOE Forecasts

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--Repeats Item First Transmitted Friday --British Gas Unveiled Friday 7% Hike in Gas And Electricity --BOE November Inflation Report ...

USD/JPY trading firmer, stops noted

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USD/JPY up at 82.85 from North American close Friday down around 82.50. US yields are firmer and this with be providing support. The 83.00 line now looms as next hurdle for USD bulls. Talk of buy stops now above said level.