Oct 26, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EFSF Regling: We Will Only Go To Mkt When Country Needs Help

Posted:

BRUSSELS (MNI) - The European Financial Stability Facility (EFSF) will not engage in any pre-funding, Klaus Regling, chief executive of the Facility, said Tuesday. Speaking at the AFME/EPDA European Government Bond Conference on Tuesday, Regling said: "We will not pre-fund. ...

Cable continues higher; sell orders noted

Posted:

Well it was always debateable whether Russian selling would cap cable's advance, and it didn't.  We're at session high 1.5860. Talk of decent sell interest at 1.5870.  Will it be enough to quell the buying fever?  Don't ask me. How would I bloody know?  ;) That's scary, I'm asking and answering my ...

Update: UK Q3 GDP Beats Forecasts, Boosted By Construction

Posted:

--Adds Detail, Corrects Error In lst Line Of Version Transmitted 0830GMT --Preliminary Q3 GDP +0.8% q/q; +2.8% y/y --Median forecast: +0.5% q/q; +2.4% y/y LONDON (MNI) - UK economic output rose strongly in the third quarter boosted by healthy growth in the construction sector, according to figures ...

Russia sells cable

Posted:

In recent trade. We're at 1.5830 from session high 1.5843.  They're active little beavers today. Whether they've put a top on the pairing is probably debateable. They at least caused a bit of a stall though. They're making a nice little profit on the AUD/USD they bought down around .9880 earlier, ...

UK Analysis: Q3 GDP Beats Forecasts, Boosted By Construction

Posted:

--Preliminary Q1 GDP +0.8% q/q; +2.8% y/y --Median forecast: +0.5% q/q; +2.4% y/y LONDON (MNI) - UK economic output rose strongly in the third quarter boosted by healthy growth in the construction sector, according to figures released by National Statistics Tuesday. GDP ...

UK DATA: Preliminary Q3 GDP +0.8% q/q; +2.8% y/y…..

Posted:

UK DATA: Preliminary Q3 GDP +0.8% q/q; +2.8% y/y --Median forecast: +0.5% q/q; +2.4% y/y ------------------------------------------------------------------------ GDP rose by significantly more than expected in Q3 rising 0.8% q/q compared with the median for a 0.5% q/q rise taking the y/y rate up to 2.8% the highest since Q3 2007. Services growth was ...

UK Q3 GDP +0.8% q/q, +2.8% y/y

Posted:

Much better than median forecast of +0.4% and even better than rumoured +0.7%.  Cable has tacked on a quick half a cent or so, presently at 1.5820. EUR/GBP down around .8820. Highest y/y rate since Q3 2007.

EFSF Regling:Europe Has Taken Decisive Action To Fight Crisis

Posted:

BRUSSELS (MNI) - European officials have acted with determination to counter the sovereign debt crisis and protect the single currency, Klaus Regling, chief executive of the European Financial Stability Facility, said here today. Regling, speaking at the AFME/EPDA European ...

BIS sells EUR/USD

Posted:

In recent trade. Cor blimey, they buying and selling roundabout the same level today. Well I never. Maybe they're as confused as everyone else ;) Or just executing orders.

Sweden’s Riksbank Hikes Key Repo Rate To 1.0% From 0.75%

Posted:

--Says Will Tighten Policy Less Rapidly In Coming Years BRUSSELS (MNI) - Sweden's central bank raised its key policy rate 25 basis points to 1.0% from 0.75% on Tuesday, in line with economists expectations. At the same time, the central bank ...

Germany Seeks Bids For E5 Bn Top-Up Of 1.75% 5Y Bobl Nov 3

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids for the E5 billion top up of its 1.75%-coupon, five-year notes with a October 2015 maturity, the Bundesbank announced Tuesday. Bids are due by 1000 GMT (11:00 CET) on Wednesday, ...

Rpt UK DATA PREVIEW Q3 GDP May Surprise On Upside Due Construction

Posted:

--UK Q3 GDP May Show The Economy Expanding At Above Trend Rate --Analysts' Median Forecast 0.5%; Highest Forecast Is 0.8% ...

Russia buys AUD/USD

Posted:

In recent trade. We're presently at .9885

USD/JPY ticks higher

Posted:

USD/JPY up at 81.10 from 80.80 when I got in.  Makes a refreshing change I guess. Market must have been reading Gabriel's comments earlier.  Talk has Japanese investors buying.

ITALY DATA: -sa Oct Consumer Morale 107.7 Vs Sep…..

Posted:

ITALY DATA: -sa Oct Consumer Morale 107.7 Vs Sep 107.2 (Unrev):ISAE --Consumer Morale Above Expected; MNI Survey Median 107.0 --Oct Consumer Morale At Highest Level In Six Months --Consumer Outlook For Family Econ Situation Erodes 4 Pts --Consumers' Buying Propensity Gains 4 Pts After Sep Jump --Consumers' Outlook For Unemployment Unchanged ...

Who’d like to hear a good old fashioned rumour?

Posted:

There is talk circulating in the market that Q3 UK GDP (due 08:30 GMT and expected +0.4%) is going to come in at +0.7% Shock horror, who would have thunk it ;)   Cable up at 1.5790 from early 1.5735.  Talk of stops through 1.5810.

FRANCE DATA: Oct consumer morale up one point to at..

Posted:

FRANCE DATA: Oct consumer morale up one point to -34; Sept unrev at -35 -- Above expected; MNI analysts survey median -36 -- Buying-propensity unchanged at -19 -- Future inflation worries up three points -- Jobless fears down two points -- For more information, please see Mainwire

FRANCE DATA: 3Q sa housing starts down 2.2% q/q, nsa.

Posted:

FRANCE DATA: 3Q sa housing starts down 2.2% q/q, nsa -1.6% y/y - 3Q sa housing permits up 2.9% q/q, nsa +26.3% y/y

EUR/GBP slips early; buy orders noted

Posted:

EUR/GBP down at .8855 from around .8870 when I got in.   Talk of buy orders lined up down at .8840/50.  Will be interesting to see if they hold the line.  Think it's nip and tuck (translated, means maybe they won't)  We'll see.

BIS buys EUR/USD

Posted:

Around 1.3965 I'm being told.  We're presently at 1.3968.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)