Nov 29, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Market scuttlebutt: Italian auction not going well

Posted:

Take it for what you will.  Probably weighing on EUR/USD, which is down at 1.3233. Results due 10:00 GMT, so not long to wait.

European stocks turn lower

Posted:

Pressuring EUR/USD which is presently back down at 1.3240.

UK October mortgage approvals 47,185

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Versus 47,369 in September. In line with median forecast of 47,000, but lowest since February.

IMF’s Chopra: Borrowing Deal Is “Good” For Ireland

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LONDON (MNI) - The weekend deal between Ireland, the EU Commission, the International Monetary Fund and the European Central Bank is a "very good deal for Ireland", the IMF's chief negotiator in Europe said Monday. Speaking on RTE radio, Ajai ...

UK Oct Mortgage Approvals Fall; M4 At Record Low On Yr – BOE

Posted:

--BOE: UK Oct House Purchase Approvals 47,185 vs 47,369 Sep --BOE UK Oct House Purchase Approvals Lowest Since Feb 2010 --BOE OCT M4 Ex-IOFCs 1Q Annualised M4 +1.6% 4Qtr 12m Annualised --BOE OCT M4 Ex-intermediate OFCs +0.1% m/m; +2.9% 3m Annualised --BOE: UK Oct Net Mortgage ...

Greek/German 10 year govt bond yield spread narrows 20 bps to 907 bps

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Greek 5-year cds fall 20 bps on day to 945 bps

Germany faces its awful choice as Spain wobbles

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Love him or loathe him, latest from AEP at The Telegraph.

France No Target In Debt Crisis,Wld Help Portugal,Spain: Spox

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PARIS (MNI) - France is not endangered by the spreading Eurozone debt crisis and is ready to come to the aid of Portugal and Spain to ward off market speculation, government spokesman and budget minister Francois Baroin said Monday. After ...

European stocks up marginally early

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DAX up 0.3%; FTSE up 0.5%; CAC 40 up 0.5% Peripheries Ireland's ISEQ up 0.5%; Spain's IBEX up 0.5%; Portugal's PSI 20 up 0.7%; Italy's FTSE MIB up 0.2%

Russia buying EUR/USD

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Sources report Russia has been notable buyer of EUR/USD  in recent trade and we've advanced to 1.3285 at wrting.

French govt spokesman: We will save the euro, it will not be taken hostage

Posted:

Pleeeeeeeeeez!! Well, they're certainly out in force this morning banging the drumm. EUR/USD seems to be responding, ticking higher in early European trade, presently at 1.3270.

German FinMin Schaeuble: Programme for Ireland is appropriate

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Programme is solid and will function Speculation on financial markets is hardly rational Portugal is under pressure from markets, must implement planned measures Clarity has now been achieved, we're hoping for calming and reality in financial markets There's been too much speculation in the markets Portugal is on the right track Germany is confident that Portugal ...

France’s Lagarde: The amount of Ireland bailout is “sufficient”

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European situation is difficult to understand for the markets Has confidence in determination of Portuguese government to implement austerity plan Not fair in economic terms to say France at risk

Asia holds the cards when it comes to the euro’s future

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WSJ's The Source

REPEAT: TEXT: Ireland Government Statement On Financial Aid

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--Originally transmitted at 15:29 ET on Sunday FRANKFURT (MNI) - Following is the text of the statement issued Sunday by the Irish government following the decision of European Finance Ministers to grant financial aid to Ireland, which is to receive a total of up to E85 ...

REPEAT:TEXT:Eurogroup & ECOFIN Ministers Statement on Ireland

Posted:

--Originally transmitted at 15:29 ET on Sunday FRANKFURT (MNI) - Following is the text of the statement issued Sunday by European Finance Ministers following their decision to grant financial aid to Ireland, which is to receive a total of up to E85 billion from Eurozone and ...

Introducing the European Stability Mechanism

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Snip, snip snip indeed. Funnily enough I watched Sweeney Todd (The Demon Barber of Fleet Street) at the weekend. EUR/USD has enjoyed something of a rollercoaster ride during the Asian session, reaching high of 1.3355 and low of 1.3183.   Confirmation of the Irish bailout gave the lift, private bond holders having to share any ...

MNI Survey: Japan Oct Jobless Rate Seen 5.0%, Unch From Sep

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-- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japan's seasonally adjusted unemployment rate is expected to remain unchanged at 5.0% in October, while the ratio of job offers to job seekers is projected to have edged up to 0.56 in ...

MNI Survey: Japan Oct Spending -0.5% Y/Y, 1st Drop In 5 Mths

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-- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japanese real average household spending is expected to have declined by 0.5% on year, the first fall in 5 months, as positive effects of last-minute spending on cars and cigarettes faded, according ...

ForexLive Asian market wrap: High volatility in EUR after Irish bailout

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Exact details of the Irish bailout package announced No guarantee that details will pass through Irish parliament on December 7th ECB's Noyer was busy on the newswires saying firstly that countries shouldn't interfere in each other's monetary policy decisions He also defended the EUR saying EU financing was in a better state than ...
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