- Cable slips to day’s lows on EUR/GBP buying
- ITALY DATA: Dec seasonally-adjusted consumer fell to.
- Italian Dec sa Consumer Confidence falls to 91.6 from 96.1 in Nov
- ECB Stark: Concerned About Eurogroup’s Resort To IMF Backstop
- UK BBA: Mortgage Approvals, Loans Fall In November
- UK Data: Oct Services Fall Sharply on Month Hit By Banking
- UK Nov Net Mortgage Lending at a record low of +0.317bln vs +0.825 bln in Oct
- Italy Wage inflation index unchanged m/m in November
- SNB: Will enforce Franc ceiling at 1.20 vs euro
- Few levels, orders etc..
- FRANCE DATA: Nov PPI +0.4% m/m, +5.6% y/y; Oct: m/m,.
- French Nov producer prices +0.4%m/m, from +0.5% m/m in Oct
- Christmas travel…
- Firm open in Europe for EUR/USD
- What’s up today……?
- FRANCE DATA: Final 3Q GDP growth revised up/down to..
- ForexLive Asia-Pac wrap: Earthquake in New Zealand
- Watch this wedge in USD/CAD
- France is the glommiest country on economy
- AUD tops the leaderboard
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GBP/USD falls to 1.5664 as EUR/GBP pops up to 0.8345 Support for Cable’s down at 1.5645/50 and the cross is running into offers starting from 0.8345 up to 0.8355 Not hearing who’s behind the move i’m afraid, but it won’t take much to move these markets as dealers start to head home for the long [...]
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ITALY DATA: Dec seasonally-adjusted consumer confidence fell to 91.6 from 96.1 in November, posting the lowest level since the January 1995 series start on worsening sentiment across all components, with a marked deterioration in confidence in the general economic climate. Consumers’ sentiment on the economic climate fell to 77.2 from 83.1; confidence in the future [...]
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FRANKFURT (MNI) – The Eurogroup’s attempt to boost the firepower of the International Monetary Fund as an additional backstop against contagion from the sovereign debt crisis is intended in practice to circumvent the ban on central bank financing of governments, and it will increase dependence on the Fund, ECB Executive Board member Juergen Stark charged [...]
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LONDON (MNI) – Mortgage approvals and values fell in November on a seasonally adjusted basis, with housing market activity fading at the end of the year. Data from the British Bankers Association showed the seasonally adjusted number of mortgage approvals fell to 34,738 in November from 35,196 in October, a 1.3% fall. The value of [...]
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LONDON (MNI) – UK service sector output fell sharply on the month in October, hit by the weakness of the banking, telecommunications and computer services sectors The first official services output data for the fourth quarter showed the sector struggling. Services output fell 0.7% on the month, and was up just 0.2% on a three [...]
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Nov Mortgage approvals for home purchase 34,738 vs oct 35,196. +16% y/y Oct Service sector output -0.7% m/m unchanged from Sep, largest m/m drop for 8 months Q3 labour productivity +0.2% q/q on output per hour, +1.3% y/y Cable slips down 15/20 points to on the weaker service output data to session lows of 1.5673
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EUR/GBP- Barrier at 0.8300 . Offers 0.8345/55, bids ahead of the barrier with tech support below at 0.8285 (Jan 10 low) AUD/USD- Tech resistance 1.0205 (100 day MA) and Dec 20 highs of 1.0220. Support 1.0125/30 and 1.0060 GBP/USD- Offers 1.5730, tech res 1.5745/50 and 1.5775/80. Tech support 1.5645/50 USD/JPY- Offers 78.20/30 , buy stops up [...]
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We’re a bit lower than the recent 1.3096 high, but the market’s steady and getting very thin ahead of the holidays. London’s likely to shut up shop today around 1230GMT and most of the data this morning is likely to be ignored unless extremely out of line EUR/USD has offers 1.3095/00 with offers above from 1.3130 [...]
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morning all, not a great deal to be honest… 0745 GMT France Nov PPI 0830 GMT the SNB releases its Q4 bulletin 0900 GMT Italy’s ISTAT consumer survey 0930 GMT UK Nov BBA data, Mortgage approvals PM: 1330 GMT US Nov durable goods, personal Income, Core PCE index 1500 US Nov new Home sales Have a [...]
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Magnitude 5.8 earthquake hits Christchurch, no major damage reported US politicians agree to extend payroll tax for two months Fed’s Plosser hints at changes to Fed’s communication strategy France is gloomiest country on economy in 33 years MNI China business sentiment survey declines Slovenia downgraded to A1 from AA3 EUR/AUD hits a fresh record low [...]
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I talked about the wedge forming in copper yesterday and it’s interesting to note that the exact same pattern is unfolding in USD/CAD. Look for these two to breakout together, and in a big way in early-to-mid January. I’m bearish but I’m not at the point where I’m ready to make a definitive call. The [...]
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