Oct 29, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Analysis: EMU September Jobless Reaches New High Of 10.1%

Posted:

September: 10.1% MNI analysts survey median forecast: 10.1% Previous: 10.0% Aug, 10.0% Jul, 10.0% Jun, 10.0% May, 10.0% Apr PARIS (MNI) - The Eurozone unemployment rate edged up to a new cyclical high of 10.1% in September, as job losses in peripheral countries outweighed further gains in Germany ...

Analysis: EMU Annual Inflation Hits 23-Month High in October

Posted:

October HICP flash: +1.9% y/y MNI survey median: +1.8% y/y MNI survey range: +1.7% to +1.9% y/y Previous: Sep +1.8%, Aug +1.6%, Jul +1.7%, Jun +1.4%, May +1.6% -- FRANKFURT (MNI) - Annual consumer price inflation in the Eurozone hit 1.9% in October, ...

ITALY DATA: Preliminary October HICP rose 0.7% m/m…

Posted:

ITALY DATA: Preliminary October HICP rose 0.7% m/m and +2.0% y/y, rising from the 0.6% m/m and 1.6% y/y gain in September, when the index posted the highest y/y gains since December 2008. --The main domestic index (NIC) rose 0.2% m/m and +1.7% y/y. --Core inflation based on the domestic index rose 1.5% y/y, ...

EMU DATA: Eurozone annual consumer price inflation a.

Posted:

EMU DATA: Eurozone annual consumer price inflation hit a 23-month high of +1.9% in October, Eurostat reported, citing preliminary estimates. -- EMU October y/y flash HICP above MNI median fcast (+1.8%) -- For more information, please see Mainwire

EZ Data Hits the High Side

Posted:

EZ Oct. Inflation Estimate 1.9% y/y - consensus 1.8% EZ Sept Unemployment rate 10.1% vs. rvsd 10.0% in August Headlines over Reuters

EUR/USD under Pressure after EUR/GBP Crashes through 0.8700

Posted:

Very typical of thin month end market is that if there are stops out there, they will to be found. Solid support in EUR/GBP all week at 0.8700 has crumbled with stops tripped taking the cross down to 0.8681. GBP/USD has poked his head back above 1.5900 whilst EUR/USD had ...

Update BOE: Sep Mortgage Approvals Fall Softer Than Expected

Posted:

--Adds Detail To Version Transmitted At 0830 GMT --BOE: UK Sep House Purchase Approvals 47,474 vs 47,498 Aug --BOE Q3 M4 Ex-IOFCs 1Q Annualised 2.6%; 4Q Annualised 2.0% --BOE Sep M4 Ex-intermediate OFCS 0.3% 3m Annualised ...

Update BOE: Sep Mortgage Approvals Fall Softer Than Expected

Posted:

--Adds Detail To Version Transmitted At 0830 GMT --BOE: UK Sep House Purchase Approvals 47,474 vs 47,498 Aug --BOE Q3 M4 Ex-IOFCs 1Q Annualised 2.6%; 4Q Annualised 2.0% --BOE Sep M4 Ex-intermediate OFCS 0.3% 3m Annualised ...

TABLE: BOE Mortgage, M4 ex-IOFCs Data For September

Posted:

...

UK Sep Mortgage Approvals Fall Less Than Expected – BOE

Posted:

--BOE: UK Sep House Purchase Approvals 47,474 vs 47,498 Aug --BOE Q3 M4 Ex-IOFCS 1Q Annualised 2.6%; 4Q Annualised 2.0% --BOE Sep M4 Ex-intermediate OFCS 0.3% 3m Annualised ...

Germany Confirms To Launch New 6-Month Bubill By E5 Bln Nov 8

Posted:

FRANKFURT (MNI) - Germany will launch a new 6-month bubill with a E5 billion sale on November 8, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, November 5. Bids are due by 0900 GMT on ...

Periphery CDS Spread Blow Out

Posted:

Portuguese, Spanish and Greek 5 yr CDSs have blown out 16, 6 and 35bps respectively. Not sure if this playing a role with EUR/USD weakness but when ever the music stops players start focus again on Greece and others.

EUR/USD takes out Weak Stops below 1.3850

Posted:

EUR/USD has traded down to 1.3836 taking out the stops below 1.3850 in the process. There is no panic with some buying interest reported from reserve managers but nothing large. All up typical end of the month thin markets. EUR/USD is now down over a  big figure from its intraday ...

AUD/USD Weighed Down by AUD/NZD

Posted:

AUD/USD losses are starting to mount with the pair making a fresh intraday low at 0.9735 a few minutes ago. Pressure is coming from a sinking AUD/NZD with the market coming to the realisation that there is only a one in five chance of a rate hike next Tuesday on ...

EUR/USD on its Lows for the Day

Posted:

EUR/USD has just traded down to 1.3863 with dealers in London warning of moderate stops below 1.3850 with the big ones below 1.3800. No particular sellers were mentioned with most pointing to the setback in Asia (heavy EUR/JPY selling) and its inability to recover.

Important (Maybe) Data Releases in the US Today

Posted:

Today we get US Q3 advanced GDP numbers along with Chicago PMI and U of Mich Consumer Sentiment releases. The market is likely to react (in terms of their QE2 expectations) especially if Q3 GDP is better than expected. All up one suspects that the Fed will not take to ...

Where Does USD/JPY Fit into QE2

Posted:

A few have asked where does the Yen fit into QE2. We will start with the easy part (only joking)......USD/JPY. Lets look at it from the Dollars perspective and as one TV analyst put it this week... "it's all about the dollar." With "shock and awe" you would expect USD/JPY ...

EU Van Rompuy: EU Leaders Endorse Limited Treaty Change

Posted:

BRUSSELS (MNI) - European Union leaders agreed early Friday morning to allow limited changes to the EU treaties in order to create a permanent crisis mechanism for the Eurozone, and they endorsed a controversial proposal to strengthen economic governance in the single currency area. ...

QE2 Expectations

Posted:

It is not easy to get a handle on QE2 expectations. A lot hangs on where you sit. It seems those stateside are expecting a big number because they all know how bad their economy really is. Outside of the US however expectations are smaller as overall we view QE2 ...

Analysis: Germany’s Retail Sales Fell Further In September

Posted:

Seasonally adjusted real sales: September: -2.3% m/m, +0.4% y/y MNI survey median: +0.5% m/m MNI survey range: flat to +1.5% m/m August: -0.4% m/m, +3.0% y/y (revised from -0.2%/+2.2%) -- ...
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