Middle Eastern sovereign buys EUR/USD in recent trade

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• Analysis: EMU Consumer Prices Confirmed At +2.7% Y/Y In June
• EMU DATA: June HICP unrev +2.7% y/y, May +2.7%,……
• Euro zone June inflation flat m/m, +2.7% y/y
• ECB: Liquidity Supply Cannot Ensure Bank Solvency
• ECB Sees Scope For Stronger Investment Growth In The Eurozone
• ECB: Greek Debt Outcome Depends Mainly On Greek Government
• ECB: Official EMU Interest Rates Currently At ‘Very Low Level’
• BIS seen buying EUR/USD again
• ITALY DATA: Final June HICP rose 0.1% m/m and 3.0%…
• German FinMin source: Substantial private sector involvement in Greek bailout is still a must and will happen
• Very belatedly….
• China Cabinet: To restrict house purchases in some second and third tier cities
• Japan Chief Cabinet Sec Edano: Closely watching forex moves
• Germany Aims For Balanced Public Budget Already In 2014:Press
• China’s ForMin: Hopes US govt takes responsible attitude to guarantee investors interests
• ECB’s Gonzalez-Paramo: EU governance is a weakness
• Moody’s downgrades govt-guaranteed debt of 5 Irish banks
• IIF to hold new Greek creditor meeting in Rome Thursday with creditor banks and EU’s Grilli – Source
• Italian auction results expected around 09:10 GMT
• Middle Eastern sovereign buys EUR/USD in recent trade

Analysis: EMU Consumer Prices Confirmed At +2.7% Y/Y In June Posted: June: flat m/m, +2.7% y/y May: flat m/m, +2.7% y/y April: +0.6% m/m, +2.8% y/y March +1.4% m/m, +2.7% y/y February: +0.4% m/m, +2.4% y/y – FRANKFURT (MNI) – Eurozone consumer prices rose 2.7% on the year in June, as energy and food costs kept inflation above the European Central Bank’s target for the seventh [...]

EMU DATA: June HICP unrev +2.7% y/y, May +2.7%,…… Posted: EMU DATA: June HICP unrev +2.7% y/y, May +2.7%, April +2.8%, March +2.7% – EMU June HICP y/y matches mni median fcast – EMU June HICP unch m/m, matches mni median fcast – EMU June ex-energy/food/alc/tobacco HICP +1.6% y/y, May +1.5% – EMU June ex-energy/unprocessed food HICP +1.8% y/y, May +1.7% – EMU June ex-energy/seasonal [...]

Euro zone June inflation flat m/m, +2.7% y/y Posted: Exactly in line with Reuters median forecasts. Roll on Italian auction results

ECB: Liquidity Supply Cannot Ensure Bank Solvency Posted: FRANKFURT (MNI) – The European Central Bank’s liquidity measures cannot ensure solvency in the banking sector, the central bank said in its Monthly Bulletin on Thursday. The ECB will unwind liquidity support “in line with the ongoing normalization” of financial markets and with a view to risks created by keeping non-standard measures in place for [...]

ECB Sees Scope For Stronger Investment Growth In The Eurozone Posted: BERLIN (MNI) – The European Central Bank sees scope for stronger investment growth in the Eurozone, it said in its latest monthly report, released Thursday. “Looking ahead, the low levels of the total investment-to-GDP ratio in the euro area as well as in many euro area countries in 2010, together with short-term indicators pointing to [...]

ECB: Greek Debt Outcome Depends Mainly On Greek Government Posted: BERLIN (MNI) – The trajectory Greece’s debt lies mainly in the hand of the Greek government itself, the European Central Bank said in its latest monthly report, released Thursday. The central bank noted that long-term debt projections are invariably subject to considerable uncertainty. Yet, “a key conclusion remains unaffected by these caveats: debt dynamics largely [...]

ECB: Official EMU Interest Rates Currently At ‘Very Low Level’ Posted: FRANKFURT (MNI) – Official interest rates in the Eurozone are still “very low” and remain “accommodative,” the European Central Bank reiterated in its Monthly Bulletin on Thursday. The editorial of the bulletin largely repeated ECB President Jean-Claude Trichet’s introductory statement. It assessed that inflation risks remain tilted to the upside and said that “the Governing [...]

BIS seen buying EUR/USD again Posted: Seen buying as high as 1.4225. We’re at 1.4230. It’s a funny old World. Guess SAMA still has it’s mojo. Scary dudes. I wonder if we’ll get a replay of yesterday morning when BIS suddenly turned sellers after run higher. Wouldn’t be overly surprised.

ITALY DATA: Final June HICP rose 0.1% m/m and 3.0%… Posted: ITALY DATA: Final June HICP rose 0.1% m/m and 3.0% y/y, confirming preliminary readings published on June 30, with the y/y rise at the same level reached in May, the highest y/y increase in the index since October 2008 (Oct08 +3.6% y/y). –The main domestic index (NIC) was confirmed at +0.1% m/m, +2.7% y/y, posting [...]

German FinMin source: Substantial private sector involvement in Greek bailout is still a must and will happen Posted:

Very belatedly…. Posted: But hey, better late than never I guess Earlier I got a report of BIS buying EUR/USD under 1.4200. Given it’s timing I would guess in the 1.4185/95 area. We’re presently up at 1.4208.

China Cabinet: To restrict house purchases in some second and third tier cities Posted: China Cabinet…….that always brings a smile to my face. Don’t know what it says about my sense of humour? Cities with sharp house price rises must step up controls House price pressures in some cities stil large Will strictly implement house price controls

Japan Chief Cabinet Sec Edano: Closely watching forex moves Posted: I don’t know why, but Hawaii Five-0 just flashed into my head.

Germany Aims For Balanced Public Budget Already In 2014:Press Posted: BERLIN (MNI) – Due to stronger-than-expected tax revenue developments, Germany now aims for a balanced total public budget already in 2014, German business daily Handelsblatt reported Thursday, citing sources from regional governments. According to the paper, the federal, regional and local governments target a deficit of 1.5% of GDP for this year, which is to [...]

China’s ForMin: Hopes US govt takes responsible attitude to guarantee investors interests Posted:

ECB’s Gonzalez-Paramo: EU governance is a weakness Posted: EU negotiations will end satisfactorily soon EU should learn to speak with one voice (in your dreams) Something similar to eurobonds likely to be created in near future Spanish banks restructuring is on the right path

Moody’s downgrades govt-guaranteed debt of 5 Irish banks Posted: Anyone shocked? Guess not.

IIF to hold new Greek creditor meeting in Rome Thursday with creditor banks and EU’s Grilli – Source Posted:

Italian auction results expected around 09:10 GMT Posted:

Middle Eastern sovereign buys EUR/USD in recent trade Posted: Getting reports Middle Eastern sovereign bought EUR/USD around 1.4180/85 area. The name in the frame is SAMA. We’re presently at 1.4195 in horribly choppy trading conditions.