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- Blame the messenger, Italian-style
- EUR/USD crashes through stops
- ECB buying Ireland and Portugal?
- ECB dancing, trying to explain sudden revival of bond buying
- Gold soars on Italy’s Tremonti’s comments
- Several Italian banks limit down
- Italian Econ Min Tremonti: Asian partners have said “If ECB is not buying your bonds why should we? “
- AUD/USD approaching fibonacci support at 1.0555.
- Italian PM Berlusconi: Aiming for comprehensive reform agreement with unions, employers by end of September
- Funds selling USD/JPY again…
- ECB leaves rates unchanged at 1.5%
- Head of BGN trade assn: German inflation could rise to 4.5-5.0% by 2013
- Bank of England leaves rates, QE unchanged
- Talk of China on the bid in the 79.80′s..
- If you want to listen to Jean Claude
- EU’s Barroso: Need for rapid re-assessment of all elements of EFSF and ESM
- EU’s Barroso: EU needs to consider how to further improve effectiveness of EFSF and ESM to address contagion
- Slow grind higher for the USD/JPY….
- German Econ Min: Orders increase driven mainly by above average volume of large orders of capital goods from abroad
- German May Mfg orders +1.8% m/m (domestic-10.8% m/m, Foreign +13.7% m/m)
| Blame the messenger, Italian-style Posted: They’ve raided the offices of Moody’s and S&P… |
| Posted: EUR/USD triggered the stops below 1.4150 and is targeting those under 1.4130 as we write. 1.4105/10 is modest support. |
| ECB buying Ireland and Portugal? Posted: Dow Jones asks JCT why the ECB has been buying only Irish and Portuguese debt and not Italian debt (according to trader sources)? Trichet refuses to answer… EUR/USD is already under pressure, back down to 1.4180. |
| ECB dancing, trying to explain sudden revival of bond buying Posted: Not having too much success why they are back in the market now after a months-long layoff which saw “monetary policy transmission” problems matatastise. |
| Gold soars on Italy’s Tremonti’s comments Posted: Hitting a record high of $1677.90, and against the euro at 1185.75 |
| Several Italian banks limit down Posted: Bank shares are being crushed in Europe once again with several Italian banks halted limit down. |
| Posted: If Europe does not gain credibility, problems we are seeing currently will continue BOJ has launched quantitative easing, SNB has cut rates, we are waiting for desirable decisions from Central Bank |
| AUD/USD approaching fibonacci support at 1.0555. Posted: All been rather one-way traffic for the ozzie today, with the pair close to 1.0555 support recently, which is the 38.2 retracement of the 0.9709-1.1077 rally. Below here is the July 12 low of 1.0525. Macro buyers were seen at the recent day’s low of 1.0558. Ozzie is around 1.0570 |
| Posted: |
| Posted: Around the 79.60/70 level this time after the earlier round of sales at 80.00. High on the day so far has been 80.24 with offers above from 80.35/40 and 80.50/55 USD/JPY’s at 79.64 , |
| ECB leaves rates unchanged at 1.5% Posted: As expected. |
| Head of BGN trade assn: German inflation could rise to 4.5-5.0% by 2013 Posted: Inflation will not harm economy and ECB has no alternative but to hold rates low to manage debt crisis Sees EUR/USD trading between 1.40 and 1.50 in coming months. Dollar to weaken in long run Sees exports rising up to 12% in 2011, imports rising up to 14% (up from March forecasts of 9% and [...] |
| Bank of England leaves rates, QE unchanged Posted: As expected. |
| Talk of China on the bid in the 79.80′s.. Posted: but USD/JPY coming under pressure again as equities start to wilt. Dollar’s at 79.80 |
| If you want to listen to Jean Claude Posted: Here’s the link |
| EU’s Barroso: Need for rapid re-assessment of all elements of EFSF and ESM Posted: |
| Posted: |
| Slow grind higher for the USD/JPY…. Posted: USD/JPY hits 80.24 on latest round of BOJ intervention, before backing off again. Offers upstairs at 80.35/40 and 80.50/55 Dollar’s at 80.01 |
| Posted: Domestic demand currently strong, outlook for industry orders remains positive |
| German May Mfg orders +1.8% m/m (domestic-10.8% m/m, Foreign +13.7% m/m) Posted: Reuters consensus was -0.5% |
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