Sep 3, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Euro zone July retail sales +0.1% m/m, +1.1% y/y

Posted:

Versus median forecasts +0.2%, +0.6% respectively.  June's data revised up, to +0.2%, +1.2% from previous flat, +0.4%.

UK Aug CIPS Services PMI Slows Sharply Following Other PMIs

Posted:

--UK Aug CIPS/Markit Services PMI 51.3 Vs July 53.1 --UK Aug CIPS/Markit Composite PMI Output Index 53.2 --UK Aug CIPS/Markit Composite PMI Sees Largest Fall Since Nov 2008 LONDON (MNI) - The UK August service sector Purchasing Managers' Index showed the rate of growth slowing sharply, following similar ...

UK August services PMI 51.3

Posted:

Sharply down from 53.1 in July.  Far below median forecast of 52.9 and lowest read since April 2009. Cable has been hit hard by number, down presently at 1.5400. We're going to hell in a hand basket I tell ya!!!

Update: ECB Nowotny: Intl Role Of Euro Is On The Increase

Posted:

--Adds comments on foreign exchange rate moves, ECB's inflation goal ALPBACH, Austria (MNI) - The euro's international role is growing, European Central Bank Governing Council member Ewald Nowotny said Friday. "Internationally the role of the euro as a means of payment ...

Hungary Cenbank Gov Simor: Serious Challenges Ahead For Euro

Posted:

--But It Deserves Praise And Hungary Should Seek To Join Eurozone ALPBACH, Austria (MNI) - The euro faces challenges, but on the whole it deserves praise and Hungary should give high priority to adopting it, Hungarian central bank Governor Andras Simor said Friday. ...

ECB Nowotny: Intl Role Of Euro Is On The Increase

Posted:

ALPBACH, Austria (MNI) - The euro's international role is growing, European Central Bank Governing Council member Ewald Nowotny said Friday. "Internationally the role of the euro as a means of payment is tending to increase," the head of the Austrian ...

ECB’s Nowotny: ECB exit will start with liquidity, followed by collateral quality, then interest rates

Posted:

ECB members were in one line on decisions to extend liquidity support, no conflicting views ECB decision to index 3-month ops designed to give flexibility, no signal on rates Inflation expectations on the market are low ECB has no goal for foreign exchange rate

Cable doing alright, hurdle looms

Posted:

Cable up at 1.5447 from early 1.5415.  Bit of a hurdle seemingly looms, with reports of sell orders clustered up at 1.5460/75.

Update: ECB’s Draghi: Euro Recov Broadening But Remains Weak

Posted:

-- Updating 03:55 ET Story With Inflation Comment From Par 7 SEOUL (MNI) - The European economic recovery is becoming more broad-based but is still weak, uneven and being mainly driven by Germany, Financial Stability Board (FSB) Chairman and Bank of Italy Governor Mario Draghi told ...

More Aussie info than you can wave a stick at…..

Posted:

Boy it's really flowing today. AUD/USD up at .9095.  Talk decent size Swiss name offers up around .9130.   Speculation they're option-related protecting .9150 level.  This speculation is given credence as there are also said to be decent offers just ahead of .9150.

Germany Confirms To Sell E5 Bln New 6-Month Bubills Sep 13

Posted:

FRANKFURT (MNI) - Germany will sell E5 billion new 6-month bubills September 13, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, September 10. Bids are due by 0900 GMT on Monday, September 13, with results ...

ECB’s Draghi: European Recovery Broadening But Remains Weak

Posted:

SEOUL (MNI) - The European economic recovery is becoming more broad-based but is still weak, uneven and being mainly driven by Germany, Financial Stability Board (FSB) Chairman and Bank of Italy Governor Mario Draghi told Market News International here on Friday. ...

Euro zone August final services PMI revised up to 55.9

Posted:

From flash estimate of 55.6 Composite revised up to 56.2 from flash estimate of 56.1. Sorry I missed German services PMI. I had fallen asleep.  Certainly nothing against Germany.  Infact I've never met a German I didn't like.

French August final services PMI 60.4

Posted:

Up from flash 59.9. But down from 61.1 in July. A four month low.

Italian August services PMI 51.4

Posted:

Up from 49.6 in July and demonstrably better than median forecast of 50.0 Lifts EUR/USD slightly higher, presently at 1.2827. Give me strength.

Some aussie stuff……

Posted:

AUD/USD up at 9093 from early .9080 with large US bank seen buyer in recent trade. Talk buy orders clustered down at .9040/50, "very large" stops below there. Infact the word used was "huge"

Riksbank Nyberg: ‘Very Good Chance’ Europe Gets Out Of Crisis

Posted:

SEOUL (MNI) - Europe stands a "very good" chance of getting out of its current debt crisis, although the process will take time, Riksbank Deputy-Governor Lars Nyberg told Market News International Friday. "There's a very good chance to get out ...

BIS seen seller of EUR/USD

Posted:

Not sure of level. Probably above 1.2820.  We're presently down at 1.2814. It's all go.......

Spain August services PMI 49.2

Posted:

Down from 51.3 in July and weaker than median forecast of 51.0. Below 50 for first time since February. EUR/US slips ever so slightly, presently at 1.2815.

Analysts: Japan Q2 GDP To Be Revised Up Sharply But Watch Q4

Posted:

By Max Sato TOKYO (MNI) - Japan's economic growth in the second quarter of 2010 is expected to be revised up sharply next week from an initial estimate of a below-potential 0.4% annualized growth to around +1.6% after a government survey showed a stark improvement in ...
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