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- Update: Japan Mar Department Store Sales -14.7% Y/Y On Quake
- Spain’s treasury sells 1163 mln 3-month t-bills, 806 mln 6-month t-bills
- Stops tripped in cable, more seen just above
- Greek/German 10 year govt bond yield spread widens to new euro-era high of 1205 bps
- EUR/USD moves back above 1.4600
- Cable firmer; stops noted
- Germany Foreign Min: Believes Finland Will Stick To ESM-Press
- Japan Mar Department Store Sales -14.7% Y/Y, Hit By Quake
- Lee Kuan Yew: US dollar printing may ‘reduce the value of the dollar’ – WSJ interview
- JAPAN DATA: Combined sales at Japanese department in.
- MNI Survey: Japan Mar Housing Starts Seen +0.3%, 10th Rise
- The painkillers are wearing off, for many the real recession starts now
- Italy’s EconMin Tremonti: Can’t let down guard on public finances – Paper
- EUR/USD trades easier during Asian session
- ForexLive Asian market wrap:
- MNI Survey: Japan Mar Jobless Rate Seen 4.8% Vs Feb 4.6%
- Silver falls further, down 3.75% on day
- How will the Fed exit from it’s easing strategy
- China lifting capital adequacy ratios for big banks
- EUR/USD maintaining bounce after earlier sell-off
| Update: Japan Mar Department Store Sales -14.7% Y/Y On Quake Posted: -- Adds Context in 2nd Paragraph TOKYO (MNI) - Department store sales in Japan plunged 14.7% from a year earlier to Y462.4 billion in March, posting the first y/y drop in two months, hit by of the March 11 earthquake disaster and ... |
| Spain’s treasury sells 1163 mln 3-month t-bills, 806 mln 6-month t-bills Posted: 3 month bid to cover ratio 4.4 vs previous 4.3 6 month bid to cover ratio 7.1 vs previous 7.7 3 month average yield 1.371% vs previous 0.899% 6-month average yield 1.867% vs prevous 1.361% Fair dinkum. |
| Stops tripped in cable, more seen just above Posted: Stops have been tripped in cable through 1.6510 and we've been as high as 1.6532 so far. Presently sit at 1.6520. Talk of more stops through 1.6540. UPDATE: Talk of stops through 1.4625 in EUR/USD. Sit presently at 1.4615. |
| Greek/German 10 year govt bond yield spread widens to new euro-era high of 1205 bps Posted: 5 year credit default swaps rise to 1340 bps, up 37 bps versus Monday's New York close |
| EUR/USD moves back above 1.4600 Posted: Presently at 1.4605. Reports Asian central banks have been notable buyers in recent trade. Well documented 1.4650 barrier option interest now looms back into view. Sell orders just ahead of there at 1.4640/50. |
| Posted: Cable has tacked on about half a cent in early European trading, presently up at 1.6502. As mentioned in earlier commentary Middle Eastern sovereign buying has been noted in the pairing. Talk now of stops through 1.6510. Guess they'd be of the intraday trader variety, given 1.6509 is the overnight session high. 10:00 GMT: ... |
| Germany Foreign Min: Believes Finland Will Stick To ESM-Press Posted: BERLIN (MNI) - German Foreign Minister Guido Westerwelle believes that Finland will contribute to the future European Stabilisation Mechanism (ESM), despite the recent rise of the euro-skeptic True Finns, German daily Bild reported Tuesday. "I assume that the commitments will ... |
| Japan Mar Department Store Sales -14.7% Y/Y, Hit By Quake Posted: TOKYO (MNI) - Department store sales in Japan plunged 14.7% from a year earlier to Y462.4 billion in March, posting the first y/y drop in two months, hit by of the March 11 earthquake disaster and cold temperatures, the Japan Department ... |
| Lee Kuan Yew: US dollar printing may ‘reduce the value of the dollar’ – WSJ interview Posted: U.S borrowing may lead to weaker dollar, inflation Stronger local currency is Singapore's main anti-inflation tool Fine balance between fighting inflation, staying competitive Singapore to be 'secondary' yuan trade center to Hong Kong 'Sometime' before China makes yuan fully convertible EUR/USD has seen a decent rally early, presently up at 1.4565. Middle Eastern, Russian buying ... |
| JAPAN DATA: Combined sales at Japanese department in. Posted: JAPAN DATA: Combined sales at Japanese department stores in March totaled Y462.4 billion, down 14.7% on year, posting the first drop in two months, the Japan Department Stores Association said. In addition to damage from the March 11 earthquake disaster in northern Japan, stores in the eastern region were forced ... |
| MNI Survey: Japan Mar Housing Starts Seen +0.3%, 10th Rise Posted: -- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japanese housing starts are expected to have risen 0.3% on year in March, marking the 10th consecutive monthly y/y increase, according to the median forecast of analysts surveyed by Market News ... |
| The painkillers are wearing off, for many the real recession starts now Posted: Jeremy Warner in The Telegraph. |
| Italy’s EconMin Tremonti: Can’t let down guard on public finances – Paper Posted: Italy must "systematically" increase primary surplus, "progressively" cut public sector debt Confirms plans to introduce budget discipline in Italian constitution |
| EUR/USD trades easier during Asian session Posted: Presently at 1.4530 having been as low as 1.4492. Pairing pressured by pick up in risk aversion; Asian stocks lower, oil lower, gold lower etc etc. Some talk that comments from Trichet weighed, but to be honest I think their impact was slight. If memory serves me well he said ... |
| Posted: Trichet: Still believes in strong USD, avoids commenting on Greek restructure China reportedly lifting capital adequacy ratios for big banks Silver continues rollercoaster ride, down nearly 4% on session Regional stocks fall by around 1% The USD has regained some ground in Asia as profit taking ahead of the Fed meeting as well as ... |
| MNI Survey: Japan Mar Jobless Rate Seen 4.8% Vs Feb 4.6% Posted: -- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japan's seasonally adjusted unemployment rate is expected to be at 4.8% in March, up from 4.6% in February but lower than 4.9% in January, while the ratio of job offers to job ... |
| Silver falls further, down 3.75% on day Posted: If it's volatility you're after, try the spot silver market. The price has fallen to $45.40 from $47.20 earlier today. The FX market is relatively quiet with the USD hanging on to some of its earlier gains but we'll probably have to wait for Europe to come in for the next ... |
| How will the Fed exit from it’s easing strategy Posted: That of course is the million-dollar question and this is how Jon Hilsenrath of the WSJ sees it. |
| China lifting capital adequacy ratios for big banks Posted: Bloomberg reports |
| EUR/USD maintaining bounce after earlier sell-off Posted: The market may well have over-intrepreted the comments from Mr Trichet and both EUR/USD and EUR/JPY continue to recover their earlier losses. Liquidity in Asia can often be patchy and often when there are 'holes' we can see the market move more than normal in a short period of time before ... |
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