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- BOE Weale: Case For Rate Hike To Fade If Economy Turns Down
- USD/JPY steady after Friday’s fall
- OPEC Sec Gen: Group will intervene if there is real shortage in oil market
- Talk of buy stops gathering in USD/CAD
- Interest raters: A risk to bank on
- Talk of sovereign bid
- ECB’s Wellink: Level of euro not a problem from a competitive point of view – Dow Jones
- European stocks open marginally easier
- Moody’s downgrades Egypt to Ba2, negative outlook
- German December prelim retail sales -0.3% m/m, -1.3% y/y
- GERMANY DATA: Retail sales in Germany surprised to…
- OPEC to discuss oil policy Feb 22 in Riyadh
- Syria strongman: Time for ‘Reform’
- Merkel Pushes For Closer European Economic Coordination;Press
- EUR/USD unchanged during lacklustre Asian session
- Japan Dec Construction Orders +13.1% Y/Y, 1st Rise in 7 Mths
- Japan Dec Housing Starts +7.5% Y/Y, 7th Straight Y/Y Rise
- ForexLive Asian market wrap: Risk aversion to the fore
- JAPAN DATA: Housing starts and construction order….
- Asia stays quiet heading into European open
| BOE Weale: Case For Rate Hike To Fade If Economy Turns Down Posted: --In Observer Newspaper: Weale Focuses On Inflation Expectation Risk --Weale Says If Weak GDP Growth Persists, Rate Hike Case Will Weaken ... |
| USD/JPY steady after Friday’s fall Posted: Presently at 82.10. Market little wary of running into Kampo below 82.00, but can't say I've had recent reports of said entity lined up there. But guess they probably are. The Egypt-related risk aversion seen Friday, which underpinned the yen, seems to have abated a little this morning. Talk of sell stops ... |
| OPEC Sec Gen: Group will intervene if there is real shortage in oil market Posted: Does not expect Egypt unrest to affect oil flows Believes oil market currently well supplied |
| Talk of buy stops gathering in USD/CAD Posted: Above 1.0035. We're presently at 1.0015. |
| Interest raters: A risk to bank on Posted: A small rise in interest rates now would cost us less in the long run than higher ingrained inflation. MPC member Martin Weale in The Guardian. |
| Posted: In USD/CHF down at 9400. I haven't got a name in the frame, but I guess it's the Swiss National Bank. We're not far away, presently at .9415. |
| ECB’s Wellink: Level of euro not a problem from a competitive point of view – Dow Jones Posted: Rising commodity prices reason to monitor inflation in Europe even more closely than before |
| European stocks open marginally easier Posted: FTSE down 0.4%, DAX down 0.2%, CAC 40 down 0.2%. |
| Moody’s downgrades Egypt to Ba2, negative outlook Posted: Hardly surprising. Egypt downgrade prompted by the recent significant rise in political event risk Concerned policy response could undermine Egypt's already weak public finances Elsewhere oil is steady on the day so far, up about a quarter of a buck. No sign yet of the panic seen Friday. EUR/USD touch firmer at 1.3630. |
| German December prelim retail sales -0.3% m/m, -1.3% y/y Posted: Way weaker than median forecasts of +2.0%, +1.1% respectively |
| GERMANY DATA: Retail sales in Germany surprised to… Posted: GERMANY DATA: Retail sales in Germany surprised to the downside, falling 0.3% on the month in December in real, adjusted terms, the Federal Statistical Office reported on Monday. As a result, turnover was 1.3% lower on the year. For 2010 as a whole, sales were up 1.2% after sliding 3.1% ... |
| OPEC to discuss oil policy Feb 22 in Riyadh Posted: Reuters article Hope they do something soon. Cost of petrol is truly scary. My car will soon become redundant!! |
| Syria strongman: Time for ‘Reform’ Posted: WSJ article |
| Merkel Pushes For Closer European Economic Coordination;Press Posted: BERLIN (MNI) - German Chancellor Angela Merkel is pushing for closer economic cooperation in Europe in order to combat the root causes of the sovereign debt crisis in the Eurozone, German weekly Der Spiegel reported over the weekend. According to the magazine, Merkel and ... |
| EUR/USD unchanged during lacklustre Asian session Posted: EUR/USD sits at 1.3615, to the exact point where I had it closing out last week in North America. Attention remains on Egypt and other countries in the region. One thing I would mention is that I agree with what David said overnight; these sort of geopolitical events do have a tendancy to ... |
| Japan Dec Construction Orders +13.1% Y/Y, 1st Rise in 7 Mths Posted: TOKYO (MNI) - The value of construction orders received in December by the 50 largest contractors in Japan rose 13.1% from a year earlier to Y1.017 trillion, the first rise in seven months, the Ministry of Land, Infrastructure, Transport and Tourism said on Monday. ... |
| Japan Dec Housing Starts +7.5% Y/Y, 7th Straight Y/Y Rise Posted: ... |
| ForexLive Asian market wrap: Risk aversion to the fore Posted: Further unrest in Egypt led to widespread risk aversion in financial markets Regional stockmarkets are 1.25% lower on average Reports of a "Brady plan" for Greece saw the EUR under pressure in early trade New Zealand December trade balance -NZD250 million NZ Treasury see no recession in Q4 and are optimistic for 2011 Japanese manufacturing ... |
| JAPAN DATA: Housing starts and construction order…. Posted: JAPAN DATA: Housing starts and construction order data from the Ministry of Land, Infrastructure, Transport and Tourism: --Japan Dec Housing Starts +7.5% Y/Y Vs Nov +6.8% --Japan Dec Housing Starts MNI Poll Median Forecast +4.7% --Japan Dec Annualized Housing Starts 861,000 Vs Nov 847,000 --Japan 2010 Housing Starts +3.1% Vs 2009 -27.9% --Japan ... |
| Asia stays quiet heading into European open Posted: EUR/USD closed in NY on Friday night at 1.3610 and it looks like it's going to close there in Asia as well, unless something unexpected happens in the next hour. AUD/USD is chewing through offers in the .9920's and next resistance is at .9950. USD/JPY is also at it's NY closing ... |
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