Your forexlive.com ENewsletter |  |
- Irish central bank: Recent Irish spreads show lenders need to remain convinced budget on convergent path
- ECB Honohan: Irish Budget Profile Needs ‘Reprogamming’ Soon
- Germany Bank Assoc Head:Basel III Can Be Met, But Challenging
- UK mortgage approvals -45,000 in August
- TABLE: BOE Loan Survey Data For Aug
- Well they ain’t gone very far!!!
- USD/JPY touch lower
- EUR/USD extends rally; stops noted
- Cable slips; GBP/CHF selling noted
- Europe debt crisis ebbs as traders see spreads narrow
- AUD/USD ticks higher; cue the jaws music
- BIS buys EUR/USD
- The Eurocracy fiddles while continent’s economy declines
- EUR/USD marginally firmer; FOMC eyed
- Germany Fin Min: Aug Fed Tax Rev +3.2% Y/Y; Jan-Aug -3.5% Y/Y
- USD/JPY very steady as Tokyo holiday impacts
- Swedish crown dips to 9.2328 vs euro after election vs Friday’s close of 9.2246
- China suspends Minister-level talks with Japan over boat clash
- ForexLive Asian market wrap: AUD main mover on Tokyo holiday
- Stevens seems to suggest that the next likely move on interest rates is up
| Posted: If economy stays on track deficit would come close to 3% by 2014    |
| ECB Honohan: Irish Budget Profile Needs ‘Reprogamming’ Soon Posted: --Must Reset Fiscal Path To Ensure 'Virtuous Circle' --Wider Yield Spreads Shows Need To Keep Investors Assured On Budget LONDON (MNI) - Ireland's budget profile needs 'reprogramming' soon if international investors are to remain assured that the country will achieve its fiscal targets in light ...  |
| Germany Bank Assoc Head:Basel III Can Be Met, But Challenging Posted: FRANKFURT (MNI) - The new Basel III capital requirements for banks can be met by the German banking sector, but they will pose challenges and do not all work in favor of stability, German Banking Association head Manfred Weber said Monday. ...  |
| UK mortgage approvals -45,000 in August Posted: Versus 47,000 in July. Below median forecast of 46,000. Cable slides to session low 1.5613. Provisional M4 broad money supply growth -0.2% m/m, +1.8% y/y, weaker than median forecast +0.2%. Y/Y rate weakest on record. UK net lending flow to UK businesses -2.5 bln in July vs revd -3.2 bln in June.  |
| TABLE: BOE Loan Survey Data For Aug Posted: London (MNI) - The following table shows the key mortgage lending results of the BOE Trends in Lending survey: Major UK Lenders (Lending Panel) ...  |
| Well they ain’t gone very far!!! Posted: Earlier we had reports of Japanese banks having left buy orders down at 85.60. Big German has given it a whack and UK clearer also notable seller. We've been down to session low 85.52. But it appears Japanese buyers haven't gone very far. Japanese name seen on the bid down at 85.50. ...  |
| Posted: Down at 85.52 from early 85.65, the Big German reportedly giving it a whack.  |
| EUR/USD extends rally; stops noted Posted: EUR/USD has extended its early rally, presently at 1.3115, with leveraged names seen buying EUR/USD in recent trade. Talk of stops now through 1.3130. Also just getting reports Middle Eastern name seen notable buyer of EUR/USD, GBP/USD and AUD/USD in recent trade. Cable up at 1.5650 from session low 1.5631, while AUD/USD ...  |
| Cable slips; GBP/CHF selling noted Posted: Cable down at 1.5648 from early 1.5665. Pairing not helped by aggressive selling of the GBP/CHF cross by big Swiss name. The cross is down at 1.5700 from early 1.5830.  |
| Europe debt crisis ebbs as traders see spreads narrow Posted: Bloomberg report  |
| AUD/USD ticks higher; cue the jaws music Posted: Presently up at .9455. Real money noted buyers in recent trade. Obviously .9475 and well-noted dnt interest looms as sizeable hurdle for aussie bulls.  |
| Posted: Presently at 1.3095 having been as high as 1.3102.  |
| The Eurocracy fiddles while continent’s economy declines Posted: Irwin Stelzer in WSJ.  |
| EUR/USD marginally firmer; FOMC eyed Posted: EUR/USD has traded firmer during Asian trade, presently at 1.3078 from North American close Friday down around 1.3045. Not surprisingly there are reports of Asian sovereign buying in Asia. Also not surprisingly there is still some caution surrounding FOMC meet tomorrow and possible QEII. Personally don't see it meself, but hey ...  |
| Germany Fin Min: Aug Fed Tax Rev +3.2% Y/Y; Jan-Aug -3.5% Y/Y Posted: BERLIN (MNI) - German federal and total tax revenue are still trending well over target, according to data released Monday by the Finance Ministry in its monthly report. Total tax revenue excluding local taxes increased by 3.6% y/y in August. In the ...  |
| USD/JPY very steady as Tokyo holiday impacts Posted: With Tokyo out, USD/JPY has seen price activity in Asian trade confined to extremely narrow 85.65-85.76 range. There is talk Japanese banks have left 85.60 buy orders. This is the level where we last had reports of BOJ interest. Go figure. Will be interesting to see how durable it proves as European trading ...  |
| Swedish crown dips to 9.2328 vs euro after election vs Friday’s close of 9.2246 Posted: Reuters report.  |
| China suspends Minister-level talks with Japan over boat clash Posted: Bloomberg report  |
| ForexLive Asian market wrap: AUD main mover on Tokyo holiday Posted: UK economy: Rightmove house prices -1.1% MoM Swedish general election likely to result in minority government Greek bank stress tests postponed for 1 month UK economy: CBI economist says BoE should resort to QE if economy needs it China coal imports +12.7% YoY RBA Governor Stevens says the Australian economy should stay strong and inflation will ...  |
| Stevens seems to suggest that the next likely move on interest rates is up Posted: The RBA Governor, Glenn Stevens, says that whilst external risks still exist primarily via China, the most likely scenario is that domestic growth continues to expand and that this will have to be managed by monetary policy ie higher interest rates. The AUD/USD continues to rise, now back at .9430.  |
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