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- EU Rehn: Ireland EU/IMF Aid Package Finalised By End November
- Update: MNI Survey: Japan Oct Trade Surplus Up Y/Y But Slower
- Irish FinMin: Ireland is not bust, has substantial cash reserves
- BIS sells EUR/USD
- Irish opposition finance spokesman: Hearing of policy difference between IMF and Europe
- Japan Oct Supermarket Sales -0.3% Y/Y, Down 23rd Month In Row
- JAPAN DATA: Japan’s negative output gap — excess….
- Japan Q3 Output Gap Shrinks to -3.5%, Smallest Since Q3 2008
- Eurogroup Juncker: Ireland Aid Prevents Contagion Of Portugal
- Austria FinMin says EU safety net open for Ireland, but at moment doesn’t see Dublin using it – Radio
- Germany FinMin: GDP Growth To Moderate Markedly From 1H 2010
- Japan vice FinMin Sakurai: To take firm steps on yen rise as needed in collaboration with BOJ – Kyodo
- Ireland’s not unlucky, just an inevitable victim of the euro project
- EUR/USD sees decent rally in Asia
- Still here ! Nikkei closing up 0.93% at 10,115.19
- Last thought for the day from me…
- US NABE: Growth Projections Still Sluggish, 2.6% YOY for 2011
- ForexLive Asian Session Wrap-Up: Ireland Bailout creates demand for EUR & Risk-On Maintained, Kiwi the Casualty
- Look for continuation of Kiwi selling
- Nikkei up 1.23%
| EU Rehn: Ireland EU/IMF Aid Package Finalised By End November Posted: BRUSSELS (MNI) - The following is the text of a speech given by European Commissioner for Economic and Monetary Affairs, Olli Rehn, in Brussels on Monday morning: "The reappearance of tensions in the European sovereign debt markets in recent weeks ...    |
| Update: MNI Survey: Japan Oct Trade Surplus Up Y/Y But Slower Posted: -- Replaces Some Figures With Revised Data, Clarifies 5th Paragraph -- See Separate Table For Details of Analysts' Forecasts TOKYO (MNI) - Japan's trade surplus for October is expected to have totaled Y875.7 billion, up 9.5% from a year earlier, posting growth for the second straight month, ...  |
| Irish FinMin: Ireland is not bust, has substantial cash reserves Posted: EU expects Ireland to use some of its cash reserves Facilities available to it which will enable it to go to the market 2011 budget will be "our own budget" IMF/EU have seen broad outline of 4 year plan. Are broadly satisfied Need to have mechanism to ensure banks not too big to fail Unlikely ...  |
| Posted: Around 1.3740/45. We're presently at 1.3738.  |
| Irish opposition finance spokesman: Hearing of policy difference between IMF and Europe Posted: EUR/USD down. From session high 1.3786 we're all the way back down at 1.3727 presently. Ireland will be out of the bond markets for about 3 years Two sets of money required for banking sector Banks will need more capital Believes corporation tax is safe Will be bound by the detail of the 2011 budget ...  |
| Japan Oct Supermarket Sales -0.3% Y/Y, Down 23rd Month In Row Posted: TOKYO (MNI) - Sales at supermarkets in Japan open for at least a year fell 0.3% in October from a year earlier to Y1.009 trillion as relatively high temperatures hit sales of clothing and consumers remained frugal, an industry group said on Monday. ...  |
| JAPAN DATA: Japan’s negative output gap — excess…. Posted: JAPAN DATA: Japan's negative output gap -- excess capacity vs. slack demand -- shrank to -3.5% in the July-September quarter from a revised -4.3% (preliminary -4.5%) in April-June, improving for four straight quarters, the Cabinet Office said. The Q3 negative gap was the smallest since -1.4% marked in Q3 of ...  |
| Japan Q3 Output Gap Shrinks to -3.5%, Smallest Since Q3 2008 Posted: TOKYO (MNI) - Japan's negative output gap -- excess capacity vs. slack demand -- shrank to -3.5% in the July-September quarter from a revised -4.3% (preliminary -4.5%) in April-June, improving for four straight quarters, the Cabinet Office said on Monday. ...  |
| Eurogroup Juncker: Ireland Aid Prevents Contagion Of Portugal Posted: BERLIN (MNI) - Eurogroup president Jean-Claude Juncker said Monday that Ireland's decision to accept aid from the EU and the International Monetary Fund will prevent a contagion effect in Portugal from the Irish debt crisis. "There will be no contagion ...  |
| Posted: What's that all about? Only a headline on newswire at mom. Will have to see what details reveal. OK much ado about nothing. Joseph Proell, speaking on state broadcaster ORF, said "The safety net is open and Ireland has accepted this." adding "But we must only make money available when Ireland actually needs ...  |
| Germany FinMin: GDP Growth To Moderate Markedly From 1H 2010 Posted: BERLIN (MNI) - Favorable sentiment and hard economic data signal that the German upswing will continue, albeit at a "markedly more moderate" pace than in the first half of the year, the German Finance Ministry said in its latest monthly report released Monday. ...  |
| Posted: Meanwhile his boss Noda says, yes you guessed it To take decisive action on forex as needed. And finally, Japan chief cabinet secretary Sengoku offers Government's policy isn't to make yen as low as possible. All of which hasn't amounted to a hill of beans. USD/JPY sits at 83.45, suitably unimpressed by the mind numbing ...  |
| Ireland’s not unlucky, just an inevitable victim of the euro project Posted: Roger Bootle in The Telegraph.  |
| EUR/USD sees decent rally in Asia Posted: EUR/USD sits up at 1.3754 presently, having tacked on the best part of a big figure from where it closed out Friday in North America, the pairing underpinned by confirmation of an Irish bailout. Next level of interest seems to be 1.3767 (38.2% fibo retracement of 1.4283/1.3446 move.) That has proved ...  |
| Still here ! Nikkei closing up 0.93% at 10,115.19 Posted: European markets looking to open between 0.6 and 0.8% firmer ( DAX, CAC & FTSE )  |
| Last thought for the day from me… Posted: there has been good two-way business in EUR and AUD and both have remained bid for most of the session. I feel Europe session may challenge the highs and I am looking to see breaks of 1.3775 and 0.9950...have a good one and Gerry will be here shortly....  |
| US NABE: Growth Projections Still Sluggish, 2.6% YOY for 2011 Posted: --Monthly Job Gains 150K or Less Until Second Half of Next year --Home Prices, Starts Have Hit Bottom, Improvement Next year By Denny Gulino WASHINGTON (MNI)- The outlook is for more of the same, slow growth and high unemployment, a panel of 51 economists assembled by the National ...  |
| Posted: Rehn: EU finance ministers welcome Irish aid request for EUR 80-90bn, article from the New York Times Britain set to contribute GBP7 billion in aid to Ireland China moves to increase reserve-ratio requirements, by 50bps, second increase in two weeks Irish Prime Minister Says Four-Year Plan Will Provide for Reduction Deficit of EUR15 ...  |
| Look for continuation of Kiwi selling Posted: Hearing that the market has been long of Kiwi both against the USD and AUD so look for more unwinding. This may bolster the AUD buying we have already see and help it move back up short term  |
| Posted: India's market up 0.7% for anyone following that. Elsewhere on the exchanges , the status quo has generally remained with the AUD holding well after the collapse of the Kiwi dollar; it looks like there has been good buying all day in AUD despite not breaking the offers in the mid ...  |
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