Nov 25, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Hold your horses, something’s stirring!!!

Posted:

USD/JPY is moving!!  We're up at 83.65 from an early 83.50.  Sources report hedge fund buying.  I bet Joshua's getting all excited.

ECB’s Makuch: Euro currency is slightly over-valued, no drama it hit a two-month low

Posted:

Bit surprised we didn't dip below 1.3300 on that little gem, but we didn't. Sit presently at 1.3315. Euro a stable, strong currency with long-term prospects Ireland's troubles not pleasant but fixable

ECB’s Tumpel-Gugerell: Euro zone growth is doing much better than expected a few months ago, data show more optimism

Posted:

I like old Gertrude. She always seems so upbeat. On Fed QE2 - Each central bank has to take measures it sees as adequate (and she's fair-minded too) ECBis in a period where we don't think we need additional measures Banks are much less dependent on ECB for funding Confident we are in a phase ...

Germany’s EconMin: Convinced Full Employment Is Possible Soon

Posted:

BERLIN (MNI) - German Economics Minister Rainer Bruederle said Thursday that full employment in the country will be soon possible. In a speech in parliament, Bruederle noted that the current upswing follows the classic model: it started with the export ...

Spokesman for EU’s Rehn: Hope’s IMF/EU talks with Ireland will conclude by end of Nov/beginning of Dec

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As disc jockeys say “this one goes out to Chris”

Posted:

USD/CHF barriers seen at 1.0000, 1.0020 and 1.0040. We sit presently at .9993 having been as high as .9999.

Moody’s place some additional Irish bank ratings under review for downgrade

Posted:

You're kidding me. Who would have thunk it?

ECB’s Constancio: Euro zone leading the way in budget consolidation, will improve confidence

Posted:

Well Italian business seems confident enough.

ITALY DATA: Nov sa mfg morale 101.6 vs oct 100.1…..

Posted:

ITALY DATA: Nov sa mfg morale 101.6 vs oct 100.1 (98.6): ISAE --NOv mfg morale above expected; MNI survey median 100.0 --NOV MFG MORALE IS AT HIGHEST LEVEL SINCE MARCH 2008 --NOV SA MFG ORDERS CURRENT LEVEL -23 VS OCT -23 (-22) --NOV SA EXPORT ORDERS ...

Italy November business confidence rises to 101.6

Posted:

Versus upwardly revised 100.1 in October (previous 99.8), demonstrably better than median forecast of 99.6.  Highest read since March 2008. EUR/USD extends rally to 1.3347 at writing.

Spain’s Campa says funding position is ‘comfortable’

Posted:

Bloomberg article.

BOE’s Sentance: UK Can “Come Through” Fiscal Consolidation

Posted:

LONDON - If the U.K.'s private sector continues to grow, the UK can "come through" the coming period of sharp fiscal consolidation, Bank of England Monetary Policy Committee member Andrew Sentance has said. "If ...

Ireland Considering Creating Second ‘Bad Bank’ – Press

Posted:

BRUSSELS (MNI) -- Ireland's government is considering creating a second "bad bank" to remove all the toxic loans from its embattled financial system and allow its banks to fund themselves again, national newspaper the Irish Times reported on Thursday. Officials ...

European stocks off to subdued start

Posted:

FTSE up 0.1%; DAX up 0.1%; CAC 40 flat. Peripheries Spain's IBEX up 0.1%; Italy's FTSE IBEX down 0.2%; Ireland's ISEQ up 0.2%.

Ireland Finmin: Austerity Plan To Lead To Sound Growth: Press

Posted:

FRANKFURT (MNI) - Ireland's reputation has been damaged due to the recent debt crisis, but the austerity measures recently unveiled will put the country back on the path "to sound sustainable growth," Irish Finance Minister Brian Lenihan said in the Financial Times. ...

EFSF Regling: Rescue Fund Would Be Big Enough For All

Posted:

HAMBURG, Germany (MNI) - The European Financial Stability Facility would be big enough for everyone, Klaus Regling, the fund's CEO, assured in a newspaper interview published Thursday. The former German finance ministry official also emphasized in an interview with Germany's ...

FRANCE DATA: November consumer sentiment -32, up Oct.

Posted:

FRANCE DATA: November consumer sentiment -32, up from Oct -34 (-34) --France consumer morale above expected; MNI survey median -33 --France Nov sentiment on good time to buy -19 vs Oct -19 --France Nov jobless worries rise to 45 vs Oct 43 --France Nov future inflation fears rise to -23 vs Oct -26

French November consumer confidence -32

Posted:

Versus unrevised -34 in October.  Slightly better than median forecast of -33. EUR/USD so far seeing price action confined to very narrow range, presently at 1.3328. Probably some small stops below 1.3300, but haven't got confirmation of such. Certainly some through 1.3280 and decent-sized reportedly through 1.3245.  On topside, I'd hazard a guess ...

BOE Miles: Right to have kept monetary policy remarkably expansionary

Posted:

Hopes recovery has momentum but MPC has not run out of ammunition if needed BOE faces delicate balancing act to control inflation but also sustain recovery

Fears mount over Spain, and risks to the euro

Posted:

New York Times article Seems like an age since I put up a New York Times article.

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