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- Ozzie approaching suggested stops
- Weidmann: ECB Must Return To Core Functions To Keep Trust
- Irish Fin Min Noonan: Domestic economic activity remains weak
- ECB’s Stark: There Is No Alternative To Fiscal Consolidation
- ECB’s Weidmann: Policy response to euro zone crisis has strained bloc’s framework, blurred lines between fiscal and monetary policy
- Today’s option expiries
- CIPS: Manufacturing PMI Falls To 26-Month Low In Aug
- Talk of the giant panda lurking
- Some AUD/USD stuff
- BOE Fisher Paper: Highlights Mispricing Of Tail Risks
- Well, as I didn’t get round to telling ya…..
- ECB’s Stark says US lacks structure to tackle debt problem
- Spain treasury sells 3621 mln in new 5 year bond
- French budget minister: French banks better capitalised than a year ago
- UK manufacturing PMI 49.0 in August
- Euro zone August manufacturing PMI 49.0
- Cable steady in early trade
- German August final manufacturing PMI 50.9
- French final August manufacturing PMI falls to 49.1
- BIS seen on bid in EUR/USD
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Was talk earlier of possible stops on a break down through 1.0680 from Asian names that bought up through 1.0700 in the overnight session. Low so far has been 1.0681 Ozzie’s around 1.0686
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– Decisions on new measures must be taken by governments FRANKFURT (MNI) – The European Central Bank must roll back risks it has taken on during the crisis and leave any decision over additional risk-taking to democratically-elected governments, ECB Governing Council member Jens Weidmann said Thursday. Weidmann also warned that the recent step towards risk [...]
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But exports continue to perform well Imbalances in the economy will take time to correct Expects economy to grow this year, but unlikely domestic demand will drive growth in the short term Economy’s not immune to a stall in the global recovery, with downside risks increasing in recent weeks Expects govt approval of EFSF changes [...]
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ALPBACH, Austria (MNI) – Fiscal consolidation is Europe’s only choice, European Central Bank Executive Board member Juergen Stark said Thursday. Speaking at an annual forum here, Stark prefaced his remarks by noting that with the next Governing Council meeting a week away, he was not allowed to discuss current ECB policy choices and his remarks [...]
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In the long-term, blurring of lines puts strain on confidence in the central banks Decisions about taking on further risks must be taken by govts and parliaments Stronger euro zone states taking on risks for bloc not way to curtail uncertainty on markets Stronger states carrying strain only puts more pressure on monetay policy to [...]
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For the 1000 NY cut:- EUR/USD- 1.4300, 1.4315, 1.4400 (500 mio), 1.4500 (300 mio), and 1.4515 EUR/JPY- 110.00 AUD/YEN- 81.35 AUD/USD- 1.0650, 1.0700, 1.0750, and 1.0900(200 mio) USD/CHF- 0.8000 EUR/CHF-1.1250 USD/JPY- 77.00, 77.75, and 78.00 GBP/USD- 1.6285,1.6350, and 1.6500
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–UK Aug CIPS Manufacturing PMI 49.0: Down From 49.4 in July – Markit LONDON (MNI) – The UK manufacturing Purchasing Managers Index dropped to its lowest level in 26 months in August, according to the latest Markit/Chartered Institute of Purchasing and Supply survey, published by Reuters. The number of new export orders declined sharply in [...]
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Down at 1.4280/85 in EUR/USD. If the touted 1.42-1.46 dnt is his/hers then it makes alot of sense. A reader earlier asked when they were going to turn up. If I had had time I was going to say 1.4280/85…………amazing Will they stop the rot? Who knows……. We’re presently at 1.4293.
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We sit at 1.0710. Talk of sovereign buy orders down at 1.0670/80. Sell orders seen clustered up at 1.0730/50.
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London (MNI) – Some financial contracts, at least prior to the credit crunch, were mispriced because of a failure to understand systemic and tail risks, according to a paper co-authored by Bank of England Executive Director Markets Paul Fisher. The paper, presented at a conference on the lessons of the financial crisis, highlights the way [...]
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There were sell stops through 1.1500 in EUR/CHF, best I tell ya there are apparently sell stops through .7950 in USD/CHF. We’re at .7978 having been as low as .7962.
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US has enormous debt problem (blimey, don’t mince words will ya mate) Growth models based on accumulating debt have failed No alternative to consolidating public finances in Europe Must be less political leeway when it comes to following rules
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Target was 3000-4000 mln Bid to cover ratio 1.8 Average yield 4.489% One fixed income source has labelled the auction result “not very good.” EUR/USD back below 1.4300., presently at 1.4287.
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No reason for concern. Phew, that’s a relief
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Down from revised 49.4 in July, but in line with median forecast. Lowest read since June 2009.
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Below flash read of 49.7 and down from 50.4 in July. Ist contraction since Sept 2009.
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Sits presently at 1.6235, where it was when I arrived. 08:30 GMT we have the release of UK manufacturiong PMI expected 49.0. Talk of buy orders clustered 1.6200/10. Stops just below there before more buy orders clustered around 1.6180.
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Down from flash 52.0. Lowest since September 2009. Stops tripped through 1.4300 and we’re down at 1.4292.
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From flash 49.3.
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Apparently seen on EBS at 1.4308/09. Nice job!!!
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