Aug 31, 2011

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Euro zone July unemployment 10.0%

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Unchanged from revised 10% in June.  Slightly worse than median forecast of 9.9%. Euro zone August inflation estimated at 2.5% y/y, as expected.

USD/JPY rocking a rolling!!!!!

Posted:

Not really.  Absolutely unchanged from when I got in, presently at 76.62. Various sources (Joe included) have told me there are serious bids lined up at 76.50.  Joe said that the world and his brother are said to be bidding down at 76.50, including such luminaries as China, Kampo, real money, Japanese lifers etc etc. [...]

UK PRESS: BOE Posen Urges More QE On G7 Central Banks – Op-Ed

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–Says QE ‘Mega Supplement’ For Econs With Severe Demand Deficiency – LONDON (MNI) – Advanced economies should stop fearing ‘inflationary ghosts’ and their central banks should ease monetary policy to support economic recovery, Bank of England Monetary Policy Committee member Adam Posen has written in an opinion piece for Reuters. “G7 central banks should purchase [...]

GERMANY DATA: VDMA reports Germany July machine up…

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GERMANY DATA: VDMA reports Germany July machine orders up 9% y/y; EMU demand lower; Germany July domestic demand +20% y/y%, foreign demand +3%.

Germany’s Jobless Number Drops Much As Expected In August

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SA Unemployment: -8k (pan-German), -5k (West), -3k (East) MNI survey median: -8.0k m/m MNI survey range: -20k to -2.5k m/m FRANKFURT (MNI) – Unemployment in Germany maintained its downward trend in August, falling much as generally expected, the Federal Labour Office reported on Wednesday. While the seasonally adjusted jobless rate was unchanged at 7.0%, as [...]

GERMANY DATA: AUG SA UNEMPLOYMENT -8K m/m (MNI…….

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GERMANY DATA: AUG SA UNEMPLOYMENT -8K m/m (MNI MEDIAN -8.0K) –Ggermany Aug sa unemployment rate 7.0% (MNI median 7.0%) –Germany Aug sa unemployment 2.951 mln vs Jul 2.959 mln –Germany Aug nsa unemployment rate 7.0% vs Jul 7.0% –Germany Aug nsa unemployment 2.945 mln vs Jul 2.939 mln –Germany Jul sa payroll jobs +19k vs [...]

German govt spokesman: Cabinet has approved framework for draft law on expanding euro zone rescue mechanism

Posted:

EUR/USD up on the news, presently at  1.4465. Earlier I had reports of sell orders clustered 1.4470/80.  Let’s see if they’re enough to hold the topside. UPDATE:  Guess me and Raheem weren’t the only ones who knew about the 1.4470/80 sell orders. 1.4470……..change 1.4445 offered  ANOTHER UPDATE:   1.4433  offered I’m boooooooooooored.  Is it home time yet? [...]

German August s.a adj jobless total -8k

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Pretty much in line with Reuters’ median forecast of -10k Jobless rate unchanged at 7.0%, as expected.

Look at that aussie!!!

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Hope you all did like me and sold at 1.0690 We’re down at 1.0665.  Ker-ching….another ferrari in the garage…….. (i just love matchbox toys)

Greece 5 year credit default swaps up 68 bps on day

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At 2,275. I’m beginning to get a horrible feeling they might have a bit of a problem over there. On a slightly brighter note Irish 5 year credit default swaps down 28 bps at 782 bps Portuguese 5 year credit default swaps down 36 bps at 925 bps From little acorns……..

Irish FinMin: It looks as if there will be no ECB interest rate increases in next 12 months

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Germany’s Retail Sales Stagnated In August

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Real, seasonally adjusted retail sales: July: unchanged m/m, -1.6% MNI survey median: -2.0% m/m, -1.7% y/y MNI survey range: -3.1 to +0.5% m/m June: +4.5% m/m, -2.1% y/y revised from (+6.3% m/m, -1.0% y/y) FRANKFURT (MNI) – Turnover in the German retail sector in calendar-adjusted terms stagnated in July while June’s stunning 6.3% rise was [...]

JAPAN DATA: Corporate sentiment improved for the…..

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JAPAN DATA: Corporate sentiment improved for the fourth straight month in August, monthly data released by Chamber of Commerce and Industry show. The Local Business Outlook Index stood at -36.5 in August, up 3.5 points from -40.0 in July, and staying above the pre-quake level at -40.1 seen in February. The index for manufacturers, which [...]

France Hikes Central Govt Deficit Target By E3.4 Bln: Press

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PARIS (MNI) – France’s Finance Ministry has revised its projection for the 2011 central government deficit up by E3.4 billion to E95.7 billion, the daily Le Figaro reported Wednesday, without citing its sources. However, the target for the overall public deficit — the one that counts with respect to the fiscal rules in the EU’s [...]

Talk of large AUD fixing sales

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Not that you’d notice looking at the current spot price of 1.0687, which is a whisker away from session high 1.0700. But I can only report what I’m hearing. UPDATE:  They’re talking WMR fixing interest.  WMR company which provides a fix price every hour, but main important ones 11:00 and 16:00 London time

Eurostoxx futures up marginally

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DAX futures seen up +0.4%,  CAC 40 futures seen up +0.5%.

Japan Avg Gasoline Price Posts 3rd Weekly Fall But +11% Y/Y

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TOKYO (MNI) – The average price of regular gasoline in Japan this week stood at Y148.3 ($1.94) per liter, or $7.37 per gallon, down from Y149.1 last week, posting the third straight weekly drop, while maintaining a rise from a year earlier, data released by the Oil Information Center showed on Wednesday. The average price [...]

GERMANY DATA: Jul REAL SA RETAIL SALES UNCH M/M, NSA.

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GERMANY DATA: Jul REAL SA RETAIL SALES UNCH M/M, NSA -1.6% Y/Y -Germany Jul m/m Retail sls above mni median fcst (-2.0%) -Germany Jun m/m Retail sales revised down to +4.5% (+6.3%) -Germany Jul retail sales +2.4% vs 2q avg, 2q -0.3% q/q -Germany Jul sales 3mma (may-jul:apr-jun) +0.9%, jun +0.9% -For more information, please [...]

Germany’s ILO Employment Hit New Record High In July

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–Jul +33k, Jun +54k, May +38k, Apr +44k, Mar +44k, Feb +48k, Jan +71k FRANKFURT (MNI) – Employment in Germany rose by 33,000 in July to a new record high of 41.096 million, the Federal Statistical Office reported on Wednesday. Without taking seasonality into account, the number of employed people declined by 1,000 to 41.024 [...]
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