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| BOE’s Sentance: Inflation report forecasts understate upside risks to inflation Posted: Rates need to rise faster and more than markets expect to bring CPI back to target MPC should focus on value of sterling as it seeks to steer inflation back to target A benefit of higher rates would be stronger sterling, mitigate global price pressures Unlikely that global inflation will quickly subside in ...    |
| EUR/USD languishes around session lows; buy orders, stops noted Posted: We're down at 1.3540, just off session low 1.3537. Talk buy orders clustered down at 1.3520/30 now, decent-sized stops just below there.  |
| EMU DATA: EMU December sa current acct -E13.3bn;….. Posted: EMU DATA: EMU December sa current acct -E13.3bn; November -E10.5bn (-E11.2bn), Eurostat reported on Thursday. -- December direct+portfolio inflow E56.5bn; November inflow E48.9bn -- EMU December direct invest inflow e19.0bn; November inflow E23.4bn -- EMU December portfolio invest inflow e37.5bn; November inflow E25.6bn -- EMU December equity invest outflow e8.5bn; November outflow E9.2bn -- EMU December ...  |
| BOE’s Sentance to speak at 09:35 GMT Posted: Can't wait. Always such a treat.  |
| Emergency overnight borrowing from ECB jumps 15 bln euros Posted: This isn't helping euro any. The euro has been on the slide since news hit major wire service. Highest level of overnight borrowing since June 2009. We've been as low as 1.3538, presently at 1.3540.  |
| What about them Gooners then!!!! Posted: Absolutely brilliant. Haven't enjoyed a match that much for years. Nice and profitable too.  |
| JAPAN DATA: The median forecast by economists for in. Posted: JAPAN DATA: The median forecast by economists for real GDP in fiscal 2011 starting in April has been revised up to +1.6% on year from their previous projection a 1.4% rise, thanks to a widely expected rebound in net exports, a Market News International survey showed. The revision followed Monday's ...  |
| MNI Survey: Japan GDP Seen +1.6% in FY01, +1.9% in FY02 Posted: -- See Separate Table For Detail TOKYO (MNI) - The median forecast by economists for real GDP in fiscal 2011 starting in April has been revised up to +1.6% on year from their previous projection a 1.4% rise, thanks to a ...  |
| Funny what half a yard can do…… Posted: Well talk of half a yard of EUR/USD buying interest lined up around 1.3550 has been enough to ellicit a bit of a bounce. We're presently back up at 1.3583. Sources note Middle Eastern sovereign selling above 1.3580. Has slowed, but not reversed rally as yet. UPDATE: Has now  |
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| Posted: Sits at 1.6107, exactly where it was when I started. Talk of stops through 1.6125. Not much in the way of data today: 11:00 GMT: UK CBI trends total orders for February, expected -9 from previous -16.  |
| Blanchflower: Jobs market turmoil Posted: I know Sean posted this earlier, but just incase you missed it. Former Bank of England Monetary Policy Committee member David Blanchflower says UK economy could go "belly up" with millions of job losses. I think this guy is top notch. Man really gets it. Personally, I'm getting anecdotal evidence that the ...  |
| EUR/USD slips slightly in early trade Posted: Down presently at 1.3556, with real money selling notable in latest leg lower. Talk is there is decent-sized buy interest in place around the 50 level (half a yard touted). This doesn't mean we can't go lower, but does help explain the current pause.  |
| Latest from Mr Taylor at FX Concepts Posted: Some thoughts on aussie for those with an interest there  |
| EUR/USD little changed after running into decent sell interest above 1.3600 Posted: EUR/USD sits at 1.3575, little changed from North American close Wednesday around 1.3565. The pairing peeked over 1.3600 (1.3608 session high) only to run into ready sellers. Last time we got above 1.3600 I got numerous reports of decent hedge fund sell interest. Sounds like they might still be about, ...  |
| EUR/USD: Traders eyeing trailing stops below 1.3550 Posted: I'm told there are tight trailing stops just below 1.3550 which might get targeted in early European trade but that the bids start to re-emerge near 1.3520.  |
| Japan Dec Coincident Index Revised +1.1 Pt M/M, 2-Mth Rise Posted: --Japan Dec Leading Composite Unrevised +0.8 Pt M/M --Japan Dec Leading Composite Posts 2nd Rise in Row TOKYO (MNI) - Japan's coincident composite index (CI), which reflects current business conditions, rose a revised 1.1 points to 103.5 in December (vs. preliminary +0.7 pt at 103.1), posting a ...  |
| Posted: Bahrain is latest Middle Eastern country to experience violent unrest China's FDI rose by 23.4% in January Former MPC member Blanchflower warns of potentially huge job losses US Treasury tells banks to monitor transactions which might be Egyptian state assets Nikkei +0.4%, Shanghai -0.3%, Kospi -1.2% Gold $1378/oz The Asian market is closing out the day ...  |
| JAPAN DATA: Revised economic indicators from the….. Posted: JAPAN DATA: Revised economic indicators from the Cabinet Office: -- Japan Dec Coincident Index Revised +1.1 Pt M/M Vs Prelim +0.7 -- Japan Dec Coincident Index Posts 2nd Rise in Row -- Japan Dec Leading CI Unrevised +0.8 Pt M/M -- Japan Dec Leading CI Posts 2nd Rise in Row  |
| Posted: I'd like to help out a good friend of mine who gives me some of my best information. His sons are in a band who are putting on a charity concert for a very worthy charity organisation (www.warchild.org.uk). This concert is on in Sydney this weekend so if you feel like ...  |
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