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- GBP/AUD stops just popped
- OECD:G7 Econs Face Anemic Growth In 2H;Limited Policy Leeway
- OECD Forecasts: annualised GDP growth in G7 of 1.6% in Q3 and 0.2% in Q4
- Greek Q2 GDP provisional unadjusted -7.3 % y/y, vs -6.9% prelim estimate
- I’ve ditched the Greek Q2 GDP rumour
- Ozzie on the up again
- Japan ESP Survey: Economists See Slower FY12 GDP, CPI Drops
- Some stops i’m hearing
- Germany’s Schaeuble: Current Situation In Greece Is Serious
- Talk of cable barrier interest at 1.5900
- Norges Bank’s Governor Olsen attempts to downplay safe haven attraction
- Sell stops noted in cable
- BIS on bid in EUR/USD
- Estonian Govt approves EU leaders’ July agreements strengthening EFSF powers – Govt statement
- Scuttlebutt: Swiss National Bank checking forwards
- German FinMin: Can help indebted countries, but euro zone member states must resolve underlying reasons
- EUR/CHF ticks higher
- Spain July calendar-adjusted industrial output -2.8% y/y
- Finland PM: World economy in exceptionally fragile state
- FRANCE DATA: July sa trade deficit widened to E6.460.
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Earlier mentioned stops triggered in GBp/AUD through 1.5000 with a low of 1.4992, but has since bounced back to 1.5005.
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PARIS (MNI) – Growth in advanced economies is likely to remain sluggish in the second half of this year and the risk of a downturn has increased in some cases, the chief economist of the OECD warned Thursday. Where possible, monetary and fiscal policy should be ready to cushion a longer-lasting slump, Pier Carlo Padoan [...]
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Sees US growth at 1.1% in Q3, 0.4% in Q4, Germany at 2.6% in Q3 and -1.4% in Q4 amid high uncertainty. Most OECD central banks should keep interest rates steady, or cut if economic weakness gets entrenched
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June unemployment 16% vs 16.6% in May. Slightly better number job data, but EUR/USD still stagnating around 1.4070/75
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I haven’t really got a clue what’s going on there. My best advice is just ignore I ever said anything I suspect most of you already do that anyways………
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There’s been some pretty persistent buying this morning from corporates, Asian commercial banks and some European banks to name but a few. Ozzie’s up towards offers around 1.0620, just ahead of moving average resistances at 1.0628/33 (55/50 day) Talk earlier of bids 1.0565/75, with sell stops down through 1.0560 ahead of better bids at 1.0550.
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TOKYO (MNI) – In the face of high global uncertainty, economists have revised down their forecasts for Japan’s economic growth next year, predicting price drops at least through early 2013, the latest monthly survey by the Cabinet Office’s Economic Planning Association released on Thursday showed. The association polled 42 economists and research institutions from Aug. [...]
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Sources tell me there are sell stops down through 1.5000 in GBP/AUD and down through 123.00 in GBP/JPY All adds up i guess with Gerry’s last comment
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BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble on Thursday warned about the situation in Greece, as the country is currently not meeting its consolidation goals. “The situation is serious in Greece at the moment because the troika mission has been interrupted,” Schaeuble said in a speech in parliament on the first reading of the [...]
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Oh goody. Might get to put up a pop goes the weasel headline later today. Fingers crossed We’re at 1.5925 having been as low as 1.5915.
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In a recent speech he said that a strong krone could over time result in inflation that is too low and growth that is too weak. If that were the case, monetary policy measures would be taken
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Through 1.5910 and larger below 1.5900. Cable marginally easier on day, down at 1.5925 from around 1.5945 when I arrived. Bank of England rate decision day today. Widely expected to be left at 0.5%, QE steady at 200 bln. This despite UK economy being in the shitter (financial terminology)
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At 1.4060. As we’ve noticed lately, central banks happy to buy into EUR/USD dips – bar-stewards
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EUR/USD sits at 1.4065, unchanged on day It’s turning out right luvverly today
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Well I’ll be buggered. Who wud have thunk it? Sometimes I’m just simply amazed
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Need EFSF so that Greek problems do not endanger stability of euro The situation is serious in Greece (by jove, I think he might be onto something) Next Greek aid tranche cannot be paid until conditions met Greece must conform to conditions Debate about second Greek aid programme is premature
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Presently at 1.2105 from around 1.2080 when I parked my bum. Sources report “two large continental banks buying this morning.” Guess they figure they might as well give it a go, with the SNB intent on drawing a line in the sand at 1.2000. A little birdy (well actually Joe) advises me there’s a pennant forming [...]
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Weaker than median forecast of -1.6%. More crap data. You just can’t get enough crap data is what I say……..
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No shit sherlock. Weeeeeeee’re doomed I tell ya!!!! Actually I’d like to meet this guy (hopefully it’s a guy and I haven’t dropped a bollock) and go for a few beers. Sounds like my kind of person, ie bloody miserable Forecasts of above 2% growth in developed countries like Finland are optimistic (that’s the spirit) Cannot [...]
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FRANCE DATA: July sa trade deficit widened to E6.460 bln from E5.405 bln in June (revised from E5.598 bln). –Deficit larger than expected; MNI survey median forecast -E6.0 bln –July sa exports +0.3% m/m; sa imports +2.9% m/m
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