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Estonia Vice CB Gov: Confident EMU Will Solve Debt Crisis

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BERLIN (MNI) - The Eurozone will be able to overcome the current sovereign debt crisis, Maerten Ross, the vice governor of the Estonian central bank, said Friday. "The euro has proven to be a success," Ross said in a speech ...

ECB officials coming up thick and fast…….

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They're all in Paris today. All I can say is lucky them. 10:15 GMT: Bini Smaghi 11:50 GMT: Gonzalez Paramo 13:10 GMT: Orphanides 15:25 GMT: Trichet 17:10 GMT: Noyer again

ECB Noyer: Financial Crises Linked To Capital Flow Explosion

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PARIS (MNI) - The search for the origin of recent financial crises should focus on the parallel explosion of capital flows and global liquidity, European Central Bank Governing Council member Christian Noyer said Friday. International capital flows have increased ...

Germany To Top Up 1.75% 10-Yr. Linker By E2 Bn; Sale Mar 9

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FRANKFURT (MNI) - Germany will top up its 1.75% coupon 10-year linker by E2 billion, the Bundesbank announced Friday. The auction will take place on March 9. The bond will be linked to Eurozone HICP ex-tobacco products. The official call for bids will be ...

UK new car registrations down 7.7% in February – SMMT

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New car? You're joking aren't ya? I can hardly afford to fill up my petrol tank to run my old banger. There's a very cold wind going to be blowing through the UK economy, and real soon. Don't suppose it really mattered where cable stops were, through 50 or 40. Both levels ...

Cable slips lower

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Presently down at 1.6245. Halifax house price data didn't help matters. Halifax sees UK house prices down 2% in 2011. Anyone who reads this site regularly will know I think that's a conservative estimate. Talk decent-sized GBP/CHF sell order been going through the market this morning.

SNB’s Jordan: Current interest rate level not sustainable in medium term – Paper

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Hardly a surprising comment, but I guess it could be labelled "mildly hawkish." Swissy little firmer. USD/CHF down at .9295 from early .9320, EUR/CHF down at 1.2975 from early 1.3005. Still watching swiss housing market carefully Housing market situation has not become more problematic, but some causes for concern remain

UK Feb House Prices -0.9% m/m; -2.8% 3m y/y: Halifax

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--Prices Down 0.4% In 3 Months To Feb Vs Previous 3-Month Period LONDON (MNI) - UK house prices fell by 0.9% in February from January and were down 2.8% in the three months to February from the same period a year ago, according to the Halifax ...

Apparently……

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BIS has already been seen on the bid in EUR/USD this morning. Don't have exact level/s. But suffice it to say they've had little or no real impact so far. We sit at 1.3955, to the pip where it sat when I logged in about 3 hours ago.

Weber: World growth has become increasingly unbalanced in recent years

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There will be renewed divergences of current account imbalances Surpluses in oil producing countries likely to increase due to recent oil price increase G20 is the only place where global imbalances can be tackled (yer right) G20 peer pressure, surveillance needed to ensure measures to tackle global imbalances Exchange rate in some merging countries ...

MNI Survey: Japan Jan Current Account Surplus Seen -47% Y/Y

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-- See Separate Table For Details Of Individual Forecasts TOKYO (MNI) - Japan is expected to have posted a current account surplus of Y470 billion in January, ...

UK Halifax house price index -0.9% m/m in February

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Weaker than median forecast of -0.5%. Down -2.8% in 3 months to February vs year ago, weaker than median forecast of -2.5%. Cable hardly changed on the morning, presently at 1.6282. Buy orders 1.6250/60. Slightly conflicting reports of where stops are gathered. Some talk just below 50, some through 40. Barrier option interest seen ...

Noyer: Urges more progress on commodities market infrastructure, tighter regulation of shadow banking system

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Couple of ECB’ers up early

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Noyer talking 07:45 GMT. Weber up at 08:00 GMT.

JAPAN DATA: Japan’s core private-sector machinery to.

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JAPAN DATA: Japan's core private-sector machinery orders appear to have posted a second straight month-on-month rise in January, up by a seasonally adjusted 3.0% following +1.7% in December, according to the median forecast of economists surveyed by Market News International. The Cabinet Office will release January machinery orders data at ...

Gillard concern at aussie shows ‘Dutch disease’ risk

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Bloomberg article AUD/USD effectively unchanged overnight in Asia, presently at 1.0140. Still getting reports of decent sell interest layered 1.0200 through 1.0250.

MNI Survey: Japan Jan Machine Orders Seen +3.0% M/M, 2nd Rise

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-- See Separate Table For Details Of Individual Forecasts TOKYO (MNI) - Japan's core private-sector machinery orders appear to have posted a second straight month-on-month rise in January, up by a seasonally ...

EUR/USD sees steady price action in Asia

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Sits at 1.3960, effectively unchanged from North America's close Thursday. Trichets' press conference yesterday has the market convinced we'll be seeing a 25 bps rate hike at next months April 7 ECB meeting. Hard to disagree with that. 25 bps is probably pretty much fully discounted in present price. No major euro zone ...

That’s all from me for this week

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To all those who've managed to stick around for this Asian session, you deserve a medal. Anybody's who hasn't put in their NFP guess can do so under this link, although I'm sure all the good guesses are long gone. Good luck tonight and have a great weekend all.

ForexLive Asian market wrap: Extremely quiet after big overnight moves

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Regional stockmarkets rise by over 1% Gold $1417/oz, Oil $102.30/bbl Japanese Q4 GDP likely to be revised downward China sets Yuan at new record high 6.5671 More rumours that China will increase RRR by 50 bps over w/e Strong technical resistance in the EUR/USD, 200-week MA at 1.3957 and bearish trendline around 1.3980, have put ...

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