Sep 6, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Belgium’s 10-Yr Bond Spreads Wider As Political Deal Fails

Posted:

BRUSSELS (MNI) - Belgian 10-year bond spreads moved wider on Monday after talks to form a government coalition failed and political uncertainty increased as one politician speculated a deal is unlikely. After the talks to form a compromise government failed, ...

Euro zone sentix index 7.6 in September

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From 8.5 in August. Lower than expected.

Euro zone sentix investor confidence up in 5 minutes

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Could be the highlight of the day. Yawn. Expected 9.0 from previous 8.2. EUR/USD at 1.2905.

EU Fin Mins To Discuss Bank Tax, Budget Rules Monday-Tuesday

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BRUSSELS (MNI) - European finance ministers will meet in Brussels on Monday and Tuesday for the first time since the summer break. The ministers will discuss plans for taxation of banks and will try to hash out new economic governance ...

UK August car registrations fell 17.5% y/y – SMMT

Posted:

Cable slides to session low 1.5435, presently at 1.5440. Second consecutive monthly fall.  The Society of Motor Manufacturers and Traders (SMMT) says market will remain tough for the rest of the year. Elsewhere gilts higher, 10-year yield below 3% at 2.97%. So much for all that clap-trap about sharply higher interest rates.

Someone told me…..

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A little while ago that Belgium bonds getting hit.  As I haven't the foggiest where to find belgium bond prices can't confirm, but was from usually reliable source. EUR/USD down fractionally around 1.2900. Only four hours to go......

Australia independent MPs say no decision yet on forming new govt

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Independent MP Oakeshott  says decision on new govt could be made on Tuesday

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Posted:

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UK Treasury Set To Scrap Pre-Budget Report: FT

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LONDON (MNI) - The U.K. Chancellor is set to scrap the annual Pre-Budget Report and return to a slimmed-down Autumn Statement, the Financial Times reported Monday, without citing sources. The paper said the decision by George Osborne to ditch what ...

IMF Chief Econ: Europe, U.S. Growth To Remain Weak: Press

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FRANKFURT (MNI) - Prospects for economic growth in Europe and the United States are likely to stay limited despite deviations from expectations last quarter, International Monetary Fund Chief Economist Olivier Blanchard said in an interview published Monday. "One swallow does ...

BIS seen seller in EUR/USD

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Presently at 1.2910 in comatose trade.

IMF chief economist Blanchard: Growth will likely remain weak both in Europe and US

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Europe governments must present credible medium-term fiscal consolidation plans US slowdown would have significant but not enormous impact on Asia Currency appreciation is one but only one part of China shift in economy structure

EUR/USD touch firmer; mixture sell orders/stops noted

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EUR/USD up at 1.2910. Jamie reported China leaving sell orders starting at 1.2925 on Friday.  Can't confirm that they're still in situ, but have no reason to think they'd have been lifted.  Am getting reports sell orders clustered 1.2930/50.   Just to confuse the picture slightly, also getting reports of buy stops through 1.2935.

Cable and Wireless Worldwide in SingTel’s sights

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Something to keep an eye on. Could result in some decent positive sterling flows down the road.

European stocks seen opening firmer

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DAX 30 up around 0.4%;  CAC 40 up around 0.4% and FTSE 100 up around 0.5% EUR/USD sits at 1.2895, effectively unchanged from Fridays' North American close with Asian trade confined to conservative 1.2872-1.2903 range.  With the Labor Day holiday in the States today not sure how much price action we can ...

Japan Ozawa campaign aide: BOJ not doing enough, but BOJ alone cannot end deflation

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More JGB buying by BOJ is an issue open for debate Should not rule out option of solid fx intervention Fiscal reform target is needed, but existing targets should be reviewed Should not raise sales tax for next 3 years

ForexLive Asian Session Wrap – USD maintains firm tone in a very quiet market ahead of US Labour Day

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USD/JPY: Major hedge funds bail out of fresh long positions; although a narrow range today the USD/JPY is not showing signs of a recovery at the moment. We may have to wait not only to see if any (unlikely) action comes into play but also for the outcome of the ...

Dangerous Defeatism is taking hold among America’s economic elites

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AEP from the UK Telegraph

Libor Falls as Banks Sit on Cash …

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from the Wall Street Journal... Looks as though the ranges have been seen for the session, time for looking through the press for inspiration

Australia TD – August M1 Inflation +0.20% MoM, 3.00% YoY

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expectation was 0.10% FYI this came out a while ago but not a market mover

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