Nov 16, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Analysis: Eurozone October HICP Confirmed At 1.9% Y/Y

Posted:

HICP Y/Y: Oct: 1.9% Sep: 1.8%, Aug: 1.6%, Jul: 1.7% FRANKFURT (MNI) - Eurozone inflation picked up further in October to a 23-month high of 1.9%, Eurostat reported on Tuesday, confirming its flash estimate. On the month, consumer prices rose 0.4%, ...

EMU DATA: Consumer prices in the Eurozone rose 0.4%..

Posted:

EMU DATA: Consumer prices in the Eurozone rose 0.4% on the month in October, lifting the annual inflation figure to a 23-month high of +1.9%, Eurostat reported, confirming its preliminary estimates. -- EMU October HICP +0.4% m/m, above MNI median fcast (+0.3%) -- EMU October ex-energy/food/alc/tobacco HICP +1.1% y/y, September +1.0% ...

German November ZEW data stronger than expected

Posted:

Economic sentiment index 1.8%, demonstrably stronger than median forecast of -7.0. EUR/USD rallies back above 1.3600, presently at 1.3610.

Update: Constancio: Up To Ireland To Decide If Wants EU Aid

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--Adds Comments to Story Sent at 9:18 GMT FRANKFURT (MNI) - It is up to the Irish authorities to decide whether or not they will seek aid from their European partners, European Central Bank Vice President Vitor Constancio said Tuesday. ...

UK Data: Sep House Prices Down 0.8% m/m; Up 6.1% y/y

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LONDON (MNI) - UK house prices fell on the month in September, data from the department of Communities and Local Government showed. The CLG data put UK house price down 0.8% on the month in September and up 6.1% on ...

Ireland: No Rational Reason To Access EU/IMF Funds: Minister

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LONDON (MNI) - The Irish government remains fully funded until the middle of 2011 and has no rational reason to access any bailout funds from the European Union or the International Monetary Fund, an Irish Goverment minster said Tuesday. Speaking ...

UK October CPI +0.3% m/m, +3.2% y/y

Posted:

Compared to median forecasts +0.2%, +3.1% respectively. Highest y/y rate since June Cable rallies on back of stronger than expected data, presently at 1.6070. Clever old Russia!! UPDATE: ONS says biggest CPI pressures on month came from petrol, financial services, toys and games.

ECB’s Constancio: Up To Ireland To Decide If Wants EU Support

Posted:

FRANKFURT (MNI) - It is up to the Irish authorities to decide whether or not they will seek aid from their European partners, European Central Bank Vice President Vitor Constancio said Tuesday. It is, however, not necessarily the case that ...

ECB’s Constancio: No necessary link between Ireland taking any aid and Portugal

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Not aware that Ireland has applied for aid Bond purchase programme played an important contribution to normalise situation when introduced Asked on , up to Irish authorities to decide whether to ask for aid ECB provides liquidity according to its rules On Portugal and Spain, says several countries under pressure from markets but situations are ...

ITALY DATA: Final October HICP rose +0.7% m/m and….

Posted:

ITALY DATA: Final October HICP rose +0.7% m/m and +2.0% y/y, confirming preliminary estimate published by ISTAT at the end of October. --The main domestic index (NIC) also confirmed at +0.2% m/m, +1.7% y/y. --October core NIC inflation rose +1.7% up from the +1.6% gain in September. --Net of energy had ...

Russia buys cable

Posted:

In recent trade. We're presently at 1.6037. Yesterday they were seen selling in high 1.60's/low 1.61's.  Profit's a profit I guess   ;) "ra ra rasputin, lover of the russian queen"    hands up who remember's Boney M

ECB’s Constancio: Industry Must Be Involved In Risk Detection

Posted:

BERLIN (MNI) - The financial sector has an important stake in a stable financial system and therefore also in a well functioning macro-prudential oversight and policy framework, ECB Vice President Vitor Constancio said Tuesday. The financial crisis has revealed a ...

Ireland’s Europe Minister says no reason why Ireland should trigger EU or IMF bailout

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Problem with liquidity in banking sector, no need to panic

Japan FinMin Noda: To take decisive steps on forex, including intervention when necessary

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Where ya been man. Really missed ya Mr Noda. Now all's right with the world. September forex intervention aimed at curbing excessive moves, not competitive devaluation

Ireland’s Cowen to weigh EU steps to shore up bank system

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Bloomberg report

FRANCE DATA: 3Q non-farm private payrolls +0.3% q/q,.

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FRANCE DATA: 3Q non-farm private payrolls +0.3% q/q, +0.6% y/y - Above expected; MNI analysts survey median forecast +0.2% q/q - 44,6000 net jobs created in 3Q after +24,000 in 2Q

FRANCE DATA: 3Q monthly salaries +0.3% q/q, +1.7%….

Posted:

FRANCE DATA: 3Q monthly salaries +0.3% q/q, +1.7% y/y;2Q +1.9% y/y --3Q hourly wages also +0.3% q/q, +1.7% y/y; 2Q +1.9% y/y

FRANCE DATA: Bank of France survey shows October sa..

Posted:

FRANCE DATA: Bank of France survey shows October real sa retail sales down 0.4% m/m, giving a 0.3% decline on the year.

Cable slips in early trade

Posted:

Down at 1.6035 from around 1.6065 when I parked my bum, as general risk aversion perks up. Yesterday there were reports of sell stops gathering down in 1.6010/20 area. No reason to suspect they won't still be there. UK data due today: 09:30 GMT: CPI for October expected +0.2% m/m, +3.1% y/y, core +2.6% ...

Eurostoxx 50 futures down 0.7% early

Posted:

DAX futures down 0.4%, CAC 40 futures down 0.9%. Risk aversion climbing.  Market all in a tizzy over China monetary policy and prospect of more tightening.  Will be weighing on EUR/USD which has slipped back to 1.3580 at writing.  As mentioned earlier barriers touted at 1.3550, stops through 1.3545. Middle Eastern sovereign ...
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