Dec 20, 2011

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Periphery/German bond yield spreads narrow

Posted:

Italian/German 10 year spread 471 bps, down from the 497 bps I jotted down first thing Spanish/German 10 year spread 317 bps, down from the 328 bps first thing.

Correct:Update:Riksbank Cuts Repo Rate 25bp To 1.75%

Posted:

– corrects figures in 5th and 7th paragraphs. Previous figures were erroneously taken from Oct rate decision PARIS (MNI) – Sweden’s central bank, the Riksbank, announced Tuesday that it has decided to reduce its repo rate by 25 basis points to 1.75% because of a darker economic outlook both home and abroad, and low inflation. [...]

Now they’ve gone …

Posted:

Buy stops flushed out  at 1.3055 now in the EUR/USD with a high of 1.3064.  Told there are more offers starting from 1.3070 ahead and layered up to 1.3100

Update:Ifo:Germany Dec Business Morale Maintains Upward Trend

Posted:

–Adds Results for Sectors Dec MNI analysts survey Nov Oct median range ———————————————————————— Business sentiment: 107.2 106.2 105.0 – 106.9 106.6 106.4 Current conditions 116.7 116.4 115.5 – 116.7 116.7 116.7 Six-month outlook: 98.4 97.3 96.3 – 97.5 97.3 97.0 – FRANKFURT (MNI) – Business sentiment in Germany continued to demonstrate surprising strength in December, [...]

Spanish auction results….

Posted:

Spain sold a  total of Eur  5.64bln in latest 3-6 month T bill auctions, Sold 1.92 bln euros  of 6 mth vs previous 0.97 bln, cover 4.1 vs 4.9 prev, av yield 2.435% vs 5.227% prev Sold 3.72 bln euros of 3 mth vs 2.01 bln, cover  2.9 vs 2.9 prev, av yield 1.735% vs 5.110% [...]

Cable running into headwinds above 1.5580

Posted:

Hearing (after the event  i’m afraid) that the Middle East were the buyers in GBP/USD earlier, but there are offers now starting from  1.5590 through to 1.5605 . We’ve tapped a high of 1.5585 so far and now trade around 1.5579

Ifo:Germany’s December Business Morale Maintains Upward Trend

Posted:

Dec MNI analysts survey Nov Oct median range ———————————————————————— Business sentiment: 107.2 106.2 105.0 – 106.9 106.6 106.4 Current conditions 116.7 116.4 115.5 – 116.7 116.7 116.7 Six-month outlook: 98.4 97.3 96.3 – 97.5 97.3 97.0 – FRANKFURT (MNI) – Business sentiment in Germany continued to demonstrate surprising strength in December, rising for the second [...]

BIS offering EUR/USD….

Posted:

Being told that  the BIS is on the offer above 1.3040 now  in EUR/USD We’re sitting just below at 1.3038

Update:Riksbank Cuts Repo Rate 25bp To 1.75%; Decision Split

Posted:

– Adds Repo Rate Path, GDP, CPI Projections PARIS (MNI) – Sweden’s central bank, the Riksbank, announced Tuesday that it has decided to reduce its repo rate by 25 basis points to 1.75% because of a darker economic outlook both home and abroad, and low inflation. The central bank also lowered the path for its [...]

AUD/USD running into option related offers at 0.9980

Posted:

Been told there is a bunch of 0.9980 expiries , and a reliable source just told me  they saw a good seller at the level. The same name reporting sizeable offers in EUR/USD at 1.3050 ahead of the 1.3055 stops. EUR’s at 1.3036 and AUD at 0.9974

EUR/USD buy stops looming

Posted:

Being told there are some confirmed  buy stops up through 1.3055

Ifo’s Abberger: Domestic situation in Germany is still good, sees no danger of recession at moment

Posted:

Situation is serious for banks and contains considerable risks Sees no danger of credit crunch at moment in Germany, situation different from other countries in Europe Christmas business is going well for German retailers ECB interest rate level of 1.0% is appropriate, no further cuts needed Reuters reporting.

German Dec IFO business climate Index 107.2 vs Exp 106.1

Posted:

Dec Current assessment Index  116.7   vs expected 116.0 Dec Business expectations  98.4  vs expected 97.0 All a bit better than expected but little reaction so far in the EUR/USD sitting around 1.3040 No revisions to the November data

France Counting On UK To Contribute To IMF: Budget Minister

Posted:

PARIS (MNI) – France is counting on the UK to join in the Eurogroup’s efforts to reinforce the firewalls around the debt crisis by bolstering the IMF’s fund for countries with financial difficulties, Budget Minister Valerie Pecresse said Tuesday. “Just as a number of large G-20 countries will also contribute, I have no doubt that [...]

EUR/USD edges higher

Posted:

Apparently UK clearer notable buyer of EUR/USD from around 1.3020. We’ve been to 1.3041, presently 1.3035.

Riksbank Cuts Repo Rate 25bp To 1.75%; Decision Is Split

Posted:

PARIS (MNI) – Sweden’s central bank, the Riksbank, announced Tuesday that it has decided to reduce its repo rate by 25 basis points to 1.75% because of a darker economic outlook both home and abroad, and low inflation. The decision was split, with deputy governors Karolina Ekholm and Lars E.O. Svensson dissenting. They both argued [...]

EUR/GBP touch easier on the day; barrier option interest noted

Posted:

EUR/GBP down marginally at .8368 from early .8382.  Talk of barrier option interest down at .8350.  

Dutch December consumer confidence -37 pts

Posted:

Down from -32 in November.

Sweden’s Riksbank cuts repo rate 25 bps to 1.75%

Posted:

Economic outlook abroad has deteriorated and the Swedish economy is slowing down

French Trade Minister: 2011 trade deficit likely to be a record 70-75 bln euros

Posted:

Guess the bottom must have fallen out of the smelly cheese market.
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