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- Real Money Funds and ACBs Active in Early London
- IMF Chief Econ: QE2 Courageous But Fallout For Emerging Econs
- European Stocks Racing Ahead
- EUR/USD Focusing on 1.4200
- Update: Halifax: UK House Prices Up 1.8% On Month In Oct
- Halifax: UK House Prices Up 1.8% On Month In Oct
- UK Halifax House Price Data Better than Expected
- European Stocks Open Up 1%
- ECB and BOE Should be Non Events Today
- Plenty of Intervention in Asia Today
- A Different Way of Looking at Things
- Japan Avg Regular Gasoline Price Flat After 2 Weekly Rises
- NZD/USD Continues to Make Up Ground
- USD/JPY Remains Heavy
- US DATA: Oct Monster Index fell 2 points to 136 vs…
- China Ex-Offl: No Deal On Yuan Rise, Should Stabilize Dollar
- US Dollar Selling Kicks In after earlier Lull in Proceedings
- China Govt Econ Attacks Fed’s Q.E., Warns Dlr Fall To Hurt
- Bernanke: QE2 ‘Will’ Help Growth/Hsing/Invest/Stocks/Confid
- South Korea Fires the First Shot at QE2
| Real Money Funds and ACBs Active in Early London Posted: Traders say real money funds and ACBs are active this morning buying the "usual suspects" - EUR, AUD and GBP. ACBs have been rather quiet since the G20 meeting but the gloves were off in Asia today after Geithner had led them up the golden path. EUR/USD easily took out ...    |
| IMF Chief Econ: QE2 Courageous But Fallout For Emerging Econs Posted: PARIS (MNI) - The new round of quantitative easing by the Federal Reserve is a "courageous" step that will have "positive effects," but the risk of a double-dip recession cannot be ruled out, the chief economist of the International Monetary Fund said Thursday. ...  |
| Posted: The FTSE now up 1.8%, Dax up 1.5% - everything favouring risk at the moment. Currency wise - yes there is talk of ACBs buying EUR, AUD etc  |
| Posted: EUR/USD touched 1.4200 in the chaotic aftermath of the FOMC/QE2 announcement. Some suggested the "real" high was around 1.4190 so any option barriers/triggers resting at 1.4200 might still be in place. Let's see what happens this time round.  |
| Update: Halifax: UK House Prices Up 1.8% On Month In Oct Posted: --Adds Detail To Version Transmitted At 0813 GMT --House Prices Up 1.8% m/m In Oct; +1.2% 3m y/y ...  |
| Halifax: UK House Prices Up 1.8% On Month In Oct Posted: --House Prices Up 1.8% m/m In Oct; +1.2% 3m y/y ...  |
| UK Halifax House Price Data Better than Expected Posted: Traders are putting down the jump in GBP/USD to the better than expected UK Halifax price data. We hit a high of 1.6180 overnight so there might be some wood to chop just ahead. One would suggest there is some optionality at 1.6200 with stops just beyond. High so far ...  |
| Posted: The Dax is up 1.0% on the open which has EUR/USD testing 1.4160. The FTSE and CAC are also up 1.0%. EUR/USD, GBP/USD and AUD/USD are near the highs for the day after shallow pullbacks.  |
| ECB and BOE Should be Non Events Today Posted: I can't find anyone expecting any movement at either the ECB or BOE meetings today. Sovereign concerns are growing in Europe with the Irish-German 10-yr bond spread hitting a record 500bps yesterday. It cant be long before Ireland call in the IMF - they are a proud bunch but if ...  |
| Plenty of Intervention in Asia Today Posted: Nearly all Asian currencies have got a mention in the intervention stakes today. The amounts might not be huge but combined we could be looking at a good size amount. Obviously the US Dollar is a bum trade so watch out for ACB buying Euro, AUD etc when Europe gets ...  |
| A Different Way of Looking at Things Posted: India just announced their Food Price Index is up 12.8 y/y - the fuel price index is up 10.67 y/y. Wouldn't it make sense to allow your currency to appreciate to ameliorate some of those costs rather than intervene to keep your currency weak. It might sound obvious to many ...  |
| Japan Avg Regular Gasoline Price Flat After 2 Weekly Rises Posted: TOKYO (MNI) - The average price of regular gasoline in Japan stood at Y132.3 ($1.62) per liter, or $6.16 per gallon, this week, unchanged from last week after posting the second straight weekly rise, according to data ...  |
| NZD/USD Continues to Make Up Ground Posted: It wasn't so long ago that NZD/USD kept stumbling below 76 cents but now we are all steam ahead above 78 cents. Today it was much better than expected employment data that got the Kiwi going with analysts saying the jobs market looks like it has turned the corner. AUD/NZD after ...  |
| Posted: USD/JPY rallies continue to be a one-day wonder with last nights 81.50 move now just a point on a chart. Tokyo sold smalls today but buyers were scarce. Stops were tripped just under the figure with the pair trading down to 80.75. Whilst the BOJ continues to disappoint, tomorrows meeting might ...  |
| US DATA: Oct Monster Index fell 2 points to 136 vs… Posted: US DATA: Oct Monster Index fell 2 points to 136 vs 138 in Sept, but was up 13.3% from 120 in Oct 2009, the ninth consecutive yr/yr gain. Monster's senior vice president Jesse Harriott noted that conditions are still "favorable," with year/year improvements in all of the regions in the ...  |
| China Ex-Offl: No Deal On Yuan Rise, Should Stabilize Dollar Posted: BEIJING (MNI) - China should never make a deal requiring the appreciation of the yuan exchange rate, an ex-government official said in comments published Thursday, but should work with other countries to prevent the U.S. dollar from depreciating further. Li ...  |
| US Dollar Selling Kicks In after earlier Lull in Proceedings Posted: US Dollar selling has kicked in just before lunch in Asia today a very steady first couple of hours. The move appeared to start in USD/JPY with earlier EUR/JPY pushing the pair through 81.00. AUD/USD then raced to 1.0063 and dragged EUR/USD higher. All traders say is funds activity. Most ...  |
| China Govt Econ Attacks Fed’s Q.E., Warns Dlr Fall To Hurt Posted: BEIJING (MNI) - A Chinese government economist has lashed out at the Federal Reserve's latest quantitative easing move, arguing that an influx of more dollar liquidity into the world economy will threaten its recovery, trigger currency wars and flood emerging markets with inflationary inflows. Pan ...  |
| Bernanke: QE2 ‘Will’ Help Growth/Hsing/Invest/Stocks/Confid Posted: --QE Approach 'Looks to be Effective Again' --Some Concerns About Q-E 'Overstated;' Can Unwind When Appropriate --Spare Capacity Gives Fed Room for New Support of the Economy --Earlier Q-E Had Little Efect on the Money Supply and Inflation --'We Could Hardly Be Satisfied' By Denny Gulino WASHINGTON (MNI) - In a ...  |
| South Korea Fires the First Shot at QE2 Posted: Asia is just up and running and it has not taken long for the first official shot at QE2. A headline over Reuters says S. Korea to "aggressively" consider taking measures aimed at smoothing cross border flows. One suspects that this is what the whole of Asia thinks about QE2. ...  |
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