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EUR/USD extends sell-off as stops tripped

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EUR/USD has come under accelerated selling pressure, aforementioned stops tripped through 1.3600 and we're down at 1.3583 at writing. As mentioned in opening commentary this morning, buy orders, including sovereign interest, now seen at 1.3550/70. Stops through 1.3540. You can add hedge funds and the Big German to names given earlier as ...

India buys cable; more stops noted

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Reserve Bank of India noted buying cable below 1.5800. As yet we're no higher though, presently at 1.5794 from session low 1.5784. More stops seen through 1.5770.

UK Data: Setting Aside Bank Aid Dec Public Finances Improve

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--UK Dec PSNB-Ex +Stg16.76BN Vs +STG20.968BN In Dec 2009 --UK Dec PSNCR +Stg25.507BN Vs +STG23.331BN In Dec 2009 LONDON (MNI) - UK public sector borrowing saw a marked improvement compared to a year ago, stripping out the impact of the government's bailout ...

UK Analysis: GDP Plunges In Q4 As Cold Weather Hits Growth

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UK DATA: Dec PSNB Stg15.305bn vs Stg14.339bn in Dec..

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UK DATA: Dec PSNB Stg15.305bn vs Stg14.339bn in Dec 09; median Stg18.1bn --Dec PSNB ex financial interventions Stg16.76bn; median Stg20.6bn --Dec Current Budget -Stg13.523bn vs -Stg12.82bn in Dec 2009 --Dec PSNCR Stg25.507bn vs Stg25.331bn in Dec 09; median Stg17bn ------------------------------------------------------------------------ Public Sector Net Borrowing ex financial sector interventions came in at Stg16.8bn ...

UK DATA: Preliminary Q4 GDP -0.5% q/q; +1.7% y/y…..

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UK DATA: Preliminary Q4 GDP -0.5% q/q; +1.7% y/y --NS: With no bad weather GDP would have been flat q/q --Median forecast: +0.4% q/q; +2.6% y/y ------------------------------------------------------------------------ GDP plunged 0.5% q/q in Q4 well below the median for a rise of 0.4% q/q. NS said that the cold weather during the quarter had ...

BBK Survey:Germany’s Banks Very Optimistic On Lending In 2011

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FRANKFURT (MNI) - Germany's banks are ready to lend generously this year and do not foresee a credit crunch for business borrowers, the Bundesbank reported Tuesday. Announcing the results of its fourth special survey of banks, conducted in January, Germany's ...

UK Q4 GDP -0.5% q/q

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Whoops. That's MINUS 0.5%, not the expected +0.5%. Guess Vince Cable WAS trying to tell us something. Cable down at 1.5835 having been as low as 1.5825. ONS says bad weather likely contributed "most or all" of quarterly fall, GDP likely flat without weather impact. "Flat", that's encouraging then. Sheesh. Anyone still feel ...

No respite yet for cable as we await data; stops noted

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Cable sits at 1.5910 just ahead of important growth/public finance data due in about 5 mins. Talk of stops below 1.5900. Thanks to Joshua. Seems JPM have put out sell rec on cable targetting 1.4717/1.4606 area.

Update: UK Cable: MPC Has ‘Various Options’ To Help Recovery

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LONDON - UK Business Secretary Vince Cable has said that Bank of England has 'various options' available to it when it comes to supporting the UK's economic recovery. In an interview with BBC Radio 4's Today program, Cable said: ...

BIS sells EUR/USD; stops noted

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BIS has been seen selling EUR/USD in recent trade. Not sure exact level/s. We're down at 1.3628. Talk of trailing stops through 1.3625.

Analysis: Germany’s November SA Construction Orders Fall Back

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Real SA Construction Orders M/M: November -4.8% October +5.3% September -3.3% August -1.3% July +4.9% June -2.2% May -2.4% April -4.6% March -2.0% February +15.7% January -8.0% December +5.2% ----- ...

UK’s Cable: MPC Has ‘Various Options’ To Help Recovery

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LONDON - UK Business Secretary Vince Cable has said that Bank of England has 'various options' available to it when it comes to supporting the UK's economic recovery. In an interview with BBC Radio 4's Today program, Cable said: ...

Central bank seller seen in EUR/USD

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What part of the planet they come from I haven't the foggiest. We're down at 1.3660. UPDATE: We're down at 1.3640. US investment bank (not the one doing God's work) seen notable seller in recent trade. It's the bank who recently came out with a sell recommendation and got stopped out I ...

Business Secretary Vince Cable: Says reasonable consensus that Q4 was a “pretty bad quarter” for UK economy

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Comment has given sterling another slight knock, cable languishing down around 1.5937.

EFSF launches debut euro denominated 5.5 year bond – Source

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What do I know. Thought it was 5 year. Oh well. Anyways, I'm so excited I can hardly contain myself. EFSF sets price guidance on debut at mid-swaps plus 6-8 bps.

EUR/USD holding up in early European trade

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Presently at 1.3672, with Middle Eastern sovereign buying having been noted in recent trade. We're just shy of 1.3680/00 sell orders lined up protecting decent 1.3700 barrier option interest. Hearing buy stops gathering up through 1.3720.

Talk of EUR/GBP buy interest lined up for 08:00 GMT fix

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The talk's certainly out there. We sit at .8565. You know what I think about fix talk. Well you should if you've been paying bloody attention. Take it for what you will. Info comes with health warning.

FRANCE DATA: Dec sa consumer spending on mfg goods…

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FRANCE DATA: Dec sa consumer spending on mfg goods +0.6% m/m, +0.4% y/y -- Above expected; MNI analysts survey median forecast +0.2% m/m -- Dec spending on autos +8.6% m/m, -2.9% y/y -- 4Q spending +1.9% q/q; 3Q +1.2% q/q -- Nov spending revised to +2.7% m/m from ...

FRANCE DATA: 4Q sa housing starts up 6.9% q/q, nsa…

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FRANCE DATA: 4Q sa housing starts up 6.9% q/q, nsa +15.0% y/y - 4Q sa housing permits down 1.9% q/q, nsa +3.6% y/y

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