Nov 26, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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EU/IMF aid deal with Ireland very likely on Sunday – Euro zone sources

Posted:

Out of 85 bln EU/IMF aid to Ireland,  35 bln for financial sector, 50 bln for government

Eurozone Oct M3 Growth, Private Sector Lending Below Expected

Posted:

October sa M3: +1.0% y/y M3 sa 3-mo avg: +1.1% y/y SA private loans: +1.4% y/y MNI survey median: October sa M3: +1.4% y/y M3 sa 3-mo avg: +1.1% y/y SA private loans: +1.6% y/y MNI survey range: October sa M3: +1.1% to +1.7% y/y M3 ...

Germany Confirms To Sell E5 Bln New 6-Month Bubills Dec 6

Posted:

FRANKFURT (MNI) - Germany will sell E5 billion new 6-month bubills on December 6, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, December 3. Bids are due by 1000 GMT on Monday, December 6, with ...

German FinMin: Rejects newspaper report that Germany is pressuring Portugal to request aid

Posted:

No one's listening.  Stops tripped through 1.3230, down to session low 1.3221. Talk of 1.3200 barrier interest now, for what that's worth.  Probably not much if the 1.3250 interest is anything to go by, maybe a little pause.

INVITATION: MNI Annual Seminar With BOE Dep. Gov. Charles Bean

Posted:

Market News International would like to invite you to MNI's Annual Seminar and Q&A in London with this year's guest speaker Charles Bean, Bank of England Deputy Governor Monetary Policy and Member of the Monetary Policy Committee. Time/Date: Monday, December 13, 2010 11am for registration; tea & coffee Speech from 11:30am followed ...

Spanish/German 10 year govt bond yield spread at new euro lifetime high of 265 bps

Posted:

9 basis points up on day Portuguese/German 10 year govt bond yield spread 464 bps, 10 basis points up on day Back with Spanish, 10 year govt bond yield spread up over 50 bps on week at 5.25%, highest since 2002.

Analysis: BOE At TSC: Fiscal Spat; No Change In Policy Views

Posted:

...

More stops through 1.3230 in EUR/USD

Posted:

EU-IMF Mull Senior Creditors Paying Some Of Irish Bank Bill

Posted:

BRUSSELS (MNI) - Officials in the EU-IMF mission to Dublin are examining how senior bondholders might shoulder some of the cost of restructuring Ireland's banks, the Irish Times reported on Friday. Several proposals are on the table, the national newspaper ...

EMU DATA: EMU OCT sa M3 growth 1.0% y/y; MNI median..

Posted:

EMU DATA: EMU OCT sa M3 growth 1.0% y/y; MNI median +1.4% y/y -- Aug-Oct avg sa M3 growth 1.1% y/y; MNI median +1.1% y/y -- EMU Oct sa private loan growth 1.4% y/y; MNI median +1.6%.

Rumour weighs on EUR/USD

Posted:

Details sketchy. But rumour doing the rounds in the market.  Something to do with rejected deals in bond section of Irish bank/s. Probably load of old cobblers, but market in mood to shoot first and ask questions later.

EUR/USD lower again; interesting sellers seen

Posted:

Sources report Spanish banks being notable sellers of EUR/USD in recent trade and we've made new session low of 1.3243.

Analysis:Germany: Brandenb Nov CPI Unch M/M, Hesse +0.1% M/M

Posted:

Brandenburg CPI November: flat m/m, +1.1% y/y October: flat m/m, +1.0% y/y --- Hesse CPI November: +0.1% m/m, +1.2% ...

Middle Eastern sovereign buys EUR/USD

Posted:

In recent trade.  We're up at 1.3285. Probably a good guess that Korea bought EUR/USD around same time it reportedly bought AUD/USD, although I've received no direct confirmation of that.   I did warn of such activity being likely in earlier commentary. It's hardly rocket science. Kinda follows a pattern of late. ...

Asian central bank buys AUD/USD

Posted:

Korea has been in buying AUD/USD. From session low .9673 we've spiked back up to .9712 at writing.

ECB’s Liikanen: By gradually removing non-standard measures ECB ensures phasing out can be stopped or even reversed if needed

Posted:

Timing and gradual progress in phasing out non-standard measures is important

Spain’s Zapatero: Investors who are shorting Spain are mistaken

Posted:

Why do they come out with comments like that?  Red rag to a bull.  Rather apt don't you think

European stocks off to rocky start

Posted:

Spain's IBEX off 1.2% early. Italy's FTSE MIB off 1%.  Ireland's ISEQ off 0.4%. FTSE off 0.5%. DAX off 0.7%. CAC 40 off 0.9%.

GERMANY DATA: Saxony Nov CPI unch m/m, +1.5% Y/Y;….

Posted:

GERMANY DATA: Saxony Nov CPI unch m/m, +1.5% Y/Y; Oct +1.4% y/y -- Nov CPI below MNI pan-German survey median of -0.1% m/m -- Ex-seasonal foods unch m/m, +1.3% y/y -- Ex-fuel/heating oil unch m/m, +1.3% y/y -- Ex-energy/seasonal foods -0.1% m/m, +0.8% y/y -- Motor fuel prices +0.9% m/m; heating oil +2.0% m/m -- Package ...

Germany: Saxony Nov CPI flat M/M; Above Pan-German Forecast

Posted:

Saxony CPI November: flat m/m, +1.5% y/y October: flat m/m, +1.4% y/y --- Pan-German CPI MNI median forecast: -0.1% m/m, +1.5% y/y MNI forecast range: -0.3% to +0.2% m/m October: ...
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