Dec 3, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

UK Services Sector Sees Continued If Sluggish Growth Thru Nov

Posted:

LONDON (MNI) - The UK services sector saw continued but subdued growth through November, according to the latest Markit/CIPS PMI survey. The Markit/CIPS Business Activity Index eased to 53.0 in November, slightly down on October's 53.2. This marks the 19th ...

Update: Trichet: Bond Buys Ongoing; Markets Have Seen That

Posted:

--Adds Comments On the Euro, Governance, The Fed, The EMU Economy PARIS (MNI) - The European Central Bank's bond purchasing program is continuing and market observers have seen that, ECB President Jean-Claude Trichet said Friday. Speaking at an event in Paris ...

ECB’s Nowotny: European countries with structural problems like Greece, Portugal makin progress

Posted:

Sees no perspective for Southern euro countries leaving common currency Cannot see Austria losing AAA rating status Bond buying programme is a sensible additional policy EFSF in current framework can be used in better way Asked about joint euro bond, personally i think worth examining

ECB buying euro zone bonds aggressively

Posted:

EUR/USD reaches session high 1.3246. Portuguese 10-year govt bond yield falls to 1-month low 6.14%. Portuguese/German 10-year govt bond yield spread now down to 331 bps vs 356 bps Thursday.

UK November services PMI 53.0

Posted:

Down from 53.2 in October and below median forecast of 53.2. Cable has slipped back in wake of data. Presently at 1.5645 from session high 1.5662.

Irish/German 10 year govt bond yield spread tightens 13 bps on day to 595 bps

Posted:

Portuguese/German 10 year govt bond yield spread tightens 8 bps on day to 348 bps Spanish/German 10 year govt bond yield spread tightens 5 bps on day to 228 bps So pretty quiet on the periphery bond front so far today.

Germany Confirms To Sell E2 Bln New 12-Month Bubills Dec 13

Posted:

FRANKFURT (MNI) - Germany will sell E2 billion new 12-month bubills on December 13, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, December 10. Bids are due by 1000 GMT on Monday, December 13, with ...

Euro zone November (final) services PMI 55.4

Posted:

Revised marginally firmer from flash 55.2 read. Composite revised up to 55.5 from 55.4.

Portuguese 5 year cds tighten to 430 bps vs 448 bps Thursday

Posted:

Germany Seeks Bids On E5 Bln New 6-Mon Bubills; Sale Dec 6

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, December 6. The announcement of the auction results will ...

Cable ticks higher; stops noted

Posted:

Cable up at 1.5645 from around 1.5610 when I arrived.  Talk of stops through 1.5655. On downside, buy orders seen clustered down at 1.5580/90. UPDATE:  Now hearing "lots" of stops through 1.5675

EUR/USD very marginally firmer in lacklustre trade

Posted:

Since my last report we're up about 8 points. We're up at 1.3233 having been as high as 1.3241 so far.  Sources report Spanish oil and gas company Repsol having been notable buyer this morning.  But so far aforementioned sell orders at 1.3230/50 proving durable.

China sells AUD/USD above .9800

Posted:

From session high .9806 we're back down at .9794.

ECB’s Trichet: Bond Buys Ongoing; Markets Have Seen That

Posted:

PARIS (MNI) - The European Central Bank's bond purchasing program is continuing and market observers have seen that, ECB President Jean-Claude Trichet said Friday. Speaking at an event in Paris a day after his monthly press conference, Trichet also repeated ...

Trichet: Main lesson of crisis is that we must improve governance in Europe

Posted:

We have an extremely trusting relationship with the Fed (ahhh, ain't that nice) Stability of prices is essential for stability of the euro zone All industrialised countries must reinforce their budget management There is no currency war, does not correspond to thinking of central banks Emerging economies with big surpluses should progressively make currencies ...

Australia 245 all out in first innings……

Posted:

We don't need no stinkin World Cup.......

ECB Trichet: No Risk of Recession Due To Consolidation In EMU

Posted:

PARIS (MNI) - Simultaneous deficit reduction throughout the Eurozone does not pose a risk for the economic recovery, ECB President Jean-Claude Trichet argued Friday. Asked in a radio interview whether the shift to fiscal consolidation might bring a recession, Trichet ...

Spain’s Salgado: Can’t have common currency without common economic policy

Posted:

We have to enhance economic governance in Europe Spain definitely not next in line for a bailout (no, they'll probably come after Portugal)    ;) Fiscal adjustment on track, our fundamentals are strong

China to promote trade balance by expanding imports – Politburo

Posted:

To further boost domestic demand, especially consumption

China’s shift to prudent monetary policy means loan growth to slow next year – Central bank advisor

Posted:

New loans to be about 7 trln next year, down from 7.5 trln yuan target this year Prudent monetary policy will mean more of a tightening bias next year
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)