Mar 23, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Greek/German 10-year bond yield spread tightens

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To 331 bps versus 344 bps at Monday settlement. EUR/USD sits at 1.3525, marginally easier on day, but off session low of 1.3503.

Greek FinMin: Greece fully able to fund itself via markets as long as it faithfully executes stability plan

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Greece is not going as beggar to EU summit Greece expects positive results at EU summit Wants a European solution, wants to play by euro zone rules Greek 2010 GDP may fall as much as Greek central bank says (about 2%)

ECB: E42.863 Bln Covered Bond Purchases Settled Mar 22

Posted:

FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E42.863 billion Eurosystem covered bond purchases had settled as of March 22. As of March 21, settled acquisitions had totaled E42.444 billion, the ECB said Monday. The ...

French March overall business morale steady at 91

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Below median forecast of 92.

SNB Hildebrand: Will Act Against Excessive Sfr-Euro Rise

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FRANKFURT (MNI) - The Swiss National Bank will act decisively to prevent excessive appreciation of the Swiss franc against the euro in order to avert any potential deflation dangers, SNB President Philipp Hildebrand said Tuesday. While "the worst lies behind ...

SNB’s Hildebrand: SNB to counter excessive rise of franc decisively

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SNB will not allow franc appreciation to lead to deflation risks SNB forecasts show price stability not in danger in short-term Forecasts show expansion. Monetary policy cannot be kept over long term

EUR/CHF steady, Hildebrand awaited

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EUR/CHF siits at 1.4355, little changed from a North American close Monday around 1.4345.  Yesterday we saw decent bounce from 1.4310 low, amid talk of 1.4300 barrier option interest. Swiss National Bank Chairman Hildebrand is up in 15 minutes or so (07:30 GMT)

USD/JPY admirably steady into year end

Posted:

Or infuriatingly steady if you have to try to trade it for a living.   USD/JPY continues to see steady trade as we head into Japanese fiscal  year end, characterised by ongoing interest to buy the pairing on dips below 90.00 and to sell on moves toward 91.00. With that in mind buy orders ...

ECB Trichet Rejects Idea Of Kicking States Out Of EMU: Press

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BERLIN (MNI) - The idea floated by German Finance Minister Wolfgang Schaeuble that states could be kicked out of the Eurozone goes against the spirit of monetary union, European Central Bank President Jean-Claude Trichet said in a television interview aired Tuesday. ...

Cable gives a little ground

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Cable has slipped back to 1.5065 at writing having closed out Monday in North Ameria up around 1.5100. Data today: 09:30 GMT: UK CPI for February expected +0.5% m/m, +3.1% y/y, core +3.1% y/y 10:00 GMT: CBI distributive trades for March expected 20 from previous 23 Small-ish stops through 1.5000 and on the upside through ...

Budget 2010: IoD urges Alistair Darling to heed lessons of 1997

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Don't hold you breath.

EMU Data: MNI Survey Of Econ Data Forecasts, March 24 – 1

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...

EMU Data: MNI Survey Of Econ Data Forecasts, March 24 – 2

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Germany Data: MNI Survey Of Econ Data Forecasts, Mar 24

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Mar flash Ifo Mar ...

EUR/USD slips back slightly

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EUR/USD is marginally easier after another slow Asian session, presently down at 1.3530 from a North American close Monday up around 1.3555. The question of an aid package for Greece still seems firmly up in the air as we head into the March 25/26 EU summit.  Germany's Chancellor Merkel has said that there ...

Asian FX market wrap: USD consolidates overnight losses

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Very quiet again in Asia with tight ranges for the majors Fed's Evans would not be surprised to see accomodative policy remain through 2011 Fed's Lockhart on the other hand focuses on possible inflation issues Regional stockmarkets mixed with Shanghai down over 0.5% early on prospect of trade deficit BoJ minutes show that members split ...

Japan Feb Supermarket Sales -2.4% Y/Y, Down 15 Months In Row

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TOKYO (MNI) - Sales at supermarkets in Japan open for at least a year fell 2.4% in February from a year earlier to Y933.3 billion as consumers remained frugal amid falling wages and high unemployment, an industry group said on Tuesday. ...

Fed’s Evans more dovish than most

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Charles Evans of the Chicago Fed would not be surprised to see the Fed's accomodative policy remain in place through 2011 which is slightly at odds with how the rest of the market is thinking. USD/JPY in particular has seen a number of longer term strategic longs starting to be ...

China seems prepared to piss more people off

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Maybe not the finest way of describing Chinese activity over the last year or so but we are seeing similar behaviour in Sovereign and in corporate relations. The rhetoric with the US over the value of the Yuan has been elevated to a completely new level and the case of ...

Peak oil; now there’s a blast from the past

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Two years ago everyone was talking about it but maybe it's me but I haven't heard/read much about peak oil in the last year or so. This article from the UK Telegraph reckons that oil reserves are exaggerated by one third.
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