Oct 12, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

UK Data: Exports, Imports Fall In August; Trade Gap Narrows

Posted:

--UK Aug Global Goods Trade Deficit Stg8.227bn vs Stg8.675bn Jul --UK Aug Non-EU Goods Trade Deficit Stg4.694b vs Stg4.706b Jul --UK Aug Total Trade Deficit Stg8.227b vs Stg8.675b Jul --UK Aug Global Trade Gap Ex-oil/erratics Stg7.046b vs Stg7.493b Jul ...

Germany is against extension of Greek repayment plan for EU/IMF bailout loans – German FinMin spokesman

Posted:

Yes, I think we got the message yesterday. Meanwhile aforementioned stops in EUR/USD through 1.3800 have been tripped as risk aversion increases and we've been as low as 1.3774 so far. Presently at 1.3780.

UK September CPI unchanged m/m, +3.1% y/y

Posted:

As expected. ONS says main upward pressure from clothing, footwear, food, drink; downward presssure from transport. UK August global goods trade balance -8.227 bln,  worse than median forecast of 8.10 bln.

UK DATA: Aug global goods deficit Stg8.227bn vs in…

Posted:

UK DATA: Aug global goods deficit Stg8.227bn vs Stg8.675bn in Jul --Aug global goods/services deficit Stg4.643bn vs Stg4.991bn in Jul --Aug global goods deficit ex oil/erratics Stg7.046bn vs Stg7.493bn Jul --Aug global goods deficit median forecast Stg8bn; total Stg4.1bn ------------------------------------------------------------------------ The global goods trade deficit narrowed in Aug but was a little above the median ...

Real money buys AUD/USD off lows

Posted:

AUD/USD at .9777, up marginally from session low .9768, with sources reporting real money buying in recent trade.

U.S. 2 year treasury note yield falls to record low of 0.335%

Posted:

Elsewhere, European stocks have extended their early losses which will be weighing on EUR/USD FTSE down 1.2%; Dax down 1.17%; CAC 40 down 1.6% EUR/USD down at 1.3817 having been as low as 1.3801 so far.

Germany Press:HRE Bank To Return E23.5 Bln Of Loan Guarantees

Posted:

BERLIN (MNI) - The German state-owned lender Hypo Real Estate (HRE) will return to the government some E23.5 billion of loan guarantees in the next few days, driving down the total volume of guarantees to around E124 billion, German business daily Handelsblatt reported Tuesday citing ...

Bank of England’s Miles: Risks both from tightening policy too soon and leaving it loose too long

Posted:

Not seeing signs of a "normal upswing" from lending, wage or confidence data Were we facing normal recovery, time to remove monetary stimulus would have come Supply of credit to businesses and households remains "seriously affected" Recent turmoil has raised risk of inflation being appreciably above or below target Higher bank capital will make ...

BOE Miles: Risks In Hiking Too Soon And Leaving Pol Too Loose

Posted:

LONDON (MNI) - The Bank of England Monetary Policy Committee still faces significant downside and upside risks to inflation in setting monetary policy, according to Committee Member David Miles. In a speech in Dublin today, Miles stresses that there is ...

Japan Survey: Economists See FY12 CPI Rise, Lower FY11 GDP

Posted:

TOKYO (MNI) - Economists have revised up their ...

Germany Seeks Bids On E5 Bn Top Up Of Sep 2020 Bund Oct 13

Posted:

FRANKFURT (MNI) - The German federal government called for bids Tuesday on its E5 billion top-up of the 2.25%-coupon September 2020, 10-year bund, the Bundesbank announced Tuesday. Bids for the top-up are due by 09:00 GMT Wednesday, October 13, ...

BIS sells EUR/USD

Posted:

In recent trade. We're back down at 1.3810.

Cable down on the day; sovereign buyer seen in recent trade

Posted:

Cable down at 1.5861 from early 1.5900.  Just getting reports Reserve Bank of India is in buying around current levels.

Noyer says price stability still not in question in euro area, upside risks very limited

Posted:

Says massive direct interventions in debt markets must "remain exceptional" We're still watching developments in key markets very closely Central banks role of buyer of last resort must not extend to insolvent issuers

EUR/USD steadies after early sell-off

Posted:

We're back up at 1.3837 having earlier posted session low 1.3808.  Sources report Middle Eastern names notable buyers around the lows.  China's shanghai stock index managed to reverse earlier losses, closing up 1.3% (at its highest level in 5 months,) and this will have helped steady EUR/USD. The baton has now ...

FRANCE DATA: Aug sa current account deficit E4.0 bln.

Posted:

FRANCE DATA: Aug sa current account deficit E4.0 bln vs. July -E2.1 bln

Thai FinMin: Baht likely to rise further because of U.S. policy

Posted:

Will consider more measures if excessive speculation on baht Urges state firms to take advantage of strong baht to buy capital goods UPDATE:  Thai PM says no target for baht levels

MNI UK Petrol Index: Sep Prices Fall: To Knock 0.1pp Off CPI

Posted:

--UK Petrol Prices Fall 0.7% On Month In September --Petrol To Knock 0.12pp Off UK Sep y/y CPI Change ...

EUR/USD losses mounting

Posted:

Stops have been tripped though 1.3830 and we've been as low as 1.3816 so far.  Russia notable seller early.  Risk aversion on the increase and it's supporting dollar and yen. European stocks look vulnerable, oil off close to a buck and US yields lower More stops seen through 1.3800 in EUR/USD. UPDATE:  Hedge ...

Update: Japan Consumer Confidence 3rd Drop In Row, 6-Mth Low

Posted:

-- Adds Inflation Expectations At Bottom -- Japan Sep Consumer Confidence Index 41.2 Vs Aug 42.4 -- Japan Govt Downgrades View: Consumer Confidence Nearly Flat TOKYO (MNI) - Japan's Consumer Confidence Survey index fell to 41.2 in September from 42.4 in August, posting the third consecutive month-on-month drop, ...
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)