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- Germany Seeks Bids On E5 Bln New 6-Mon Bubills; Sale Nov 8
- Trade GBP Instead of Going to the Casino
- Clegg: UK Won’t Stop EU Treaty Change On Permanent Bailout:FT
- AUD/USD Posts another Fresh Post Float High
- Bingo Friday
- EUR/USD Sideways Drift Continues
- Not Just China Unhappy; So is the Rest of Asia
- China PBOC Zhou: QE2 Understandable But May Not Help World
- Plenty of Angst in Asia ex Japan
- First Sign that the RBA May be Getting Uncomfortable with AUD Strength
- Steady Session in Asia So Far
- IMF’s Blanchard: QE2 May Do More Psychol’ly Than Re Rates
- NFIB Chief Econ: Most Firms Have Not Increased Employment
- Time for an extended break
- US Data Preview: October Payrolls to Show Slight Improvement
- US Data Preview: 3rd Monthly Rise Seen for Pending Home Sales
- US DATA: Oct Tsy STRIPS +$225m and +$309m ex matured.
- EUR/AUD: Bears re-taking the initiative
- US Data Preview: Sept Consumer Cred to Post Another Decline
- US Elections Likely To Make Fiscal Challenges Far More Daunting
| Germany Seeks Bids On E5 Bln New 6-Mon Bubills; Sale Nov 8 Posted: FRANKFURT (MNI) - The German federal government is seeking bids for a E5 billion sale of new 6-month bubills, the Bundesbank confirmed Friday. Bids are due by 1000 GMT on Monday, November 8. The announcement of the auction results will ...    |
| Trade GBP Instead of Going to the Casino Posted: It has been a wild week for traders who prefer to dabble in GBP/USD or one of its many crosses. Yesterdays GBP surge after the "no change" BOE announcement was put down to a relief rally on the basis there was no additional QE. Everyone expected them to do nothing ...  |
| Clegg: UK Won’t Stop EU Treaty Change On Permanent Bailout:FT Posted: FRANKFURT (MNI) - The United Kingdom backs efforts to change the European Union treaty to establish a permanent bail out facility, the country's Deputy Prime Minister Nick Clegg told the Financial Times in an interview published Friday. Germany has called recently to ...  |
| AUD/USD Posts another Fresh Post Float High Posted: AUD/USD has been well sought after in early London posting a fresh all-time float high a few minutes ago at 1.0183 beating last nights 1.0077 effort. I still can't get my head around rates above 1.0 but by the looks of it we could be here for a while. The ...  |
| Posted: I have been asked a question about tonights payroll data so I will try and give a brief overview. First off the new jobs numbers is expected around the +60k mark with analysts forecasts falling within a range 0 to 120K range (from Reuters). Last month there was a fall ...  |
| EUR/USD Sideways Drift Continues Posted: EUR/USD has been in a sideways drift for the last 12 hours or so. It is hovering at the bottom of this range with a break below 1.4280 (days low 1.4284) might fill in some gaps on the chart. Yesterday early London was set alight by ACB buying but this ...  |
| Not Just China Unhappy; So is the Rest of Asia Posted: The previous note highlighted China but it is just not China that is unhappy with QE2. The rest of Asia sees a wall of QE2 money coming their way and they don't want it. The headlines have come thick and fast today from S. Korea, Thailand, Indonesia and the Philippines ...  |
| China PBOC Zhou: QE2 Understandable But May Not Help World Posted: BEIJING (MNI) - People's Bank of China Governor Zhou Xiaochuan said Friday that the Federal Reserve's decision to introduce a fresh round of quantitative easing was an understandable one, but one that may not be good for the world. The ...  |
| Plenty of Angst in Asia ex Japan Posted: China were rather quiet yesterday in terms of QE2. One might have expected them to come out all guns blazing but they held their fire - that was until today at least. The Chinese Foreign Minister hit the headlines a short while back saying "no country can set a target ...  |
| First Sign that the RBA May be Getting Uncomfortable with AUD Strength Posted: The RBA quarterly statement out earlier today carried the usual upbeat assessment of the Australian economy - terms of trades best in a century etc but there were signs their hands off approach to AUD strength may be diminishing. In their usual obtuse central bank language the RBA said that ...  |
| Posted: It has been a steady session for major pairings in Asia today with the BOJ decision barely causing a ripple. The buffoons at the BOJ must have wanted to get to the restaurant early with their decision coming out around 11.40am Tokyo time (normally mid-afternoon). It was a minor change ...  |
| IMF’s Blanchard: QE2 May Do More Psychol’ly Than Re Rates Posted: LONDON (MNI) - International Monetary Fund Chief Economist Olivier Thursday said that the Federal Reserve's new QE2 program may have more of a psychological effect than a large depressing effect on interest rates. Blanchard in a speech said he does ...  |
| NFIB Chief Econ: Most Firms Have Not Increased Employment Posted: WASHINGTON (MNI) - The following is the text of a statement Friday by Willliam Dunkelberg, chief economist for the National Federal of Independent Business, commenting on October's job numbers based on the NFIB's monthly survey to be released next week: ...  |
| Posted: Our get together here in NYC is about to get a bit more formal so we're signing off for a few hours. Jamie and Gerry have assigned me as the designated contributor for tomorrow morning's payroll data- thanks lads, v kind! See you tomorrow.  |
| US Data Preview: October Payrolls to Show Slight Improvement Posted: By Kasra Kangarloo WASHINGTON (MNI) - The U.S. jobs market is expected to show only modest improvement in the next nonfarm payrolls report. According to a survey of economists by Market News International, total nonfarm payrolls are expected to increase 60,000 ...  |
| US Data Preview: 3rd Monthly Rise Seen for Pending Home Sales Posted: By Kenneth Fung WASHINGTON (MNI) - The National Association of Realtors' Pending Home Sales Index is expected to rise for the third straight month, as the housing markets begin to show signs of recovery. The index, to be released Friday afternoon, rose 4.3% to a level ...  |
| US DATA: Oct Tsy STRIPS +$225m and +$309m ex matured. Posted: US DATA: Oct Tsy STRIPS +$225m and +$309m ex matured notes. Bonds were +$939m but notes -$714m. In long issues, there were $2,2b STRIPS created in the 4.375% of Nov'39 and $1.65b in the 4.375% of May'40, but reconstitution elsewhere.  |
| EUR/AUD: Bears re-taking the initiative Posted: EUR/AUD is 100 pips lower on the session and the USD woes when combined with the widening credit spreads in Europe make this look like a really sensible trade. The market is sitting right on daily support at 1.3985/90 and a clean break below, and especially a daily close clearly ...  |
| US Data Preview: Sept Consumer Cred to Post Another Decline Posted: --Retransmitting 13:23 ET Preview, Fixing August Result, Retail ex-autos By Utta Von Nuremburg WASHINGTON (MNI) - The total amount of consumer credit outstanding in September is expected to continue its steady rate of decline, as most consumers remain unwilling to spend and borrow for discretionary items in ...  |
| US Elections Likely To Make Fiscal Challenges Far More Daunting Posted: --Power Struggle Looms Between Obama, House GOP, And Senate Democrats --Unclear How Lame Duck Session Will Deal With Bush Tax Cuts --President Obama To Meet With Hill Leaders on Nov. 18 --Senate Minority Leader McConnell Calls for Extension of Bush Tax Cuts --Senate Majority Leader Reid Says Full Extension 'Won't Happen' By John Shaw ...  |
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