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| Increase in ECB overnight borrowing facility is not due to a technical error – Monetary source Posted: Not sure what a monetary source is exactly, but what the heck. Shock horror!! You mean all that stuff about a fat finger was just so much cobblers? Well blow me down, who would have thunk it? Increase of ECB overnight borrowing is sign that money market is still not fully working ...    |
| Cheers Sean. Have a great weekend Posted: Thanks for filling in for me.  |
| Germany Confirms To Sell E3 Bln New 12-Month Bubills Feb 28 Posted: FRANKFURT (MNI) - Germany confirmed to sell E3 billion new twelve-month bubills February 28, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, February 25. Bids are due by 1000 GMT on Monday, February 28, with ...  |
| Greek current a/c deficit narrows by 6.9% YoY Posted:  |
| UK Analysis: Retail Sales Bounce Back Strongly In January Posted: --Jan retail sales inc. fuel +1.9% m/m; +5.3% y/y --Jan retail sales ex fuel +1.6% m/m; +5.3% y/y --Dec retail sales inc. fuel revised down to -1.4% m/m; -0.7% y/y LONDON (MNI) - Retail sales volumes bounced back sharply in January, following a weather hit December, with sales ...  |
| UK DATA: Jan retail sales inc. fuel +1.9% m/m; +5.3%. Posted: UK DATA: Jan retail sales inc. fuel +1.9% m/m; +5.3% y/y --Jan retail sales ex fuel +1.6% m/m; +5.3% y/y --Dec retail sales inc. fuel revised down to -1.4% m/m; -0.7% y/y ------------------------------------------------------------------------ Jan retail sales volumes rocketed 1.9% on the month in Jan to stand 5.3% above levels a year earlier, way above ...  |
| Posted: Next technical resistance of note in the cable is at 1.6277 with 1.6299 behind there. The high so far has been 1.6230 but the lack of a strong rally suggests that the market was already long in anticipation.  |
| Germany Seeks Bids On E2 Bln Nov2011 Bubills Tap; Sale Feb 21 Posted: FRANKFURT (MNI) - The German federal government is seeking bids for a E2 billion tap of its November-2011 maturity bubill, the Bundesbank confirmed Friday. Bids are due by 1000 GMT on Monday, February 21. The announcement of the auction results ...  |
| ITALY DATA: Dec industry orders +5.4% m/m, +17.4%…. Posted: ITALY DATA: Dec industry orders +5.4% m/m, +17.4% y/y  |
| Posted: Solid bids reported between 1.3540 and 1.3560 with ACBs in the mix Solid selling interest still 1.3625/35 Large stops above 1.3640  |
| Dutch Feb consumer confidence -5 from -8 in January Posted:  |
| ECB Marginal Lending Borrowing Up For Second Straight Day Posted: FRANKFURT (MNI) - The ECB reported Friday that E16.009 billion were borrowed from its overnight marginal lending facility, after the bank loaned E15.8 bln from the facility on Thursday. The figures are very high compared to post-crisis norms, which have ...  |
| Possible that ECB borrowing is a ‘fat-finger’ case Posted: The talk earlier this morning in Asia was that a bank had mis-keyed the amount it was borrowing at the main refinancing operations (MRO) and as it's a 1-week settlement, we may not know for sure until next week. Strange that the ECB refuses to comment but with the EUR/USD bouncing ...  |
| Overnight borrowing from ECB remains highly elevated Posted: That's the second day running this has happened and the EUR/USD has fallen below 1.3580 with EUR/GBP also sharply lower already in European trade. Fears are growing that a Euro-zone bank could be facing funding problems. (Edit: No comment from ECB)  |
| GBP/JPY nearing important resistance again Posted: There is important technical resistance in GBP/JPY near 135.50.  |
| Yet more rumours now regarding UK retail sales Posted: Rumours now flowing that a stronger than expected retail sales number will have the UK rate hike calls reaching a crescendo. The general expectation is for +0.5% after a -0.8% last month. Cable high so far 1.6221.  |
| More rate hike chatter sends cable higher Posted: London banks have gone looking for stops above recent highs at 1.6185 as more rumours start circulating that next weeks minutes will show an increasingly hawkish MPC. The high in cable so far has been 1.6210.  |
| French Feb manufacturing industry sentiment 106 Posted: That is down from 108 in January  |
| MNI Survey: Japan Jan Core CPI -0.3% Y/Y Vs Dec -0.4% Posted: -- See Separate Table For Details Of Individual Economist Forecasts TOKYO (MNI) - Japan's core consumer price index is seen falling 0.3% on year in January, showing the smallest drop since April 2009, when core CPI dipped 0.1%, according to the median forecast by analysts ...  |
| Posted: Unpopular Japanese PM Naoto Kan had hoped to strike a deal with the opposition to stand down in return for help from the opposition in passing a workable budget. This deal has fallen through according to Japanese media reports. USD/JPY is unaffected, currently sitting at the bottom end of a ...  |
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