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| Posted: We're back to 1.3675, where we were some 5 hours ago, the market lacking any real momentum. Something of a typical Monday morning. Aforementioned sell orders at 1.3710/20 proved more than enough to cap the topside, with Middle Eastern sovereign selling noted around the highs. As mentioned earlier some light stops ...    |
| Japan Govt Upgrades View: Economy Moving Out Of Temporary Dip Posted: -- Japan Govt Upgrades Economic Assessment for 2nd Straight Month -- Japan Govt Upgrades Views On Output, Exports -- Japan Govt Downgrades View On Personal Consumption TOKYO (MNI) - The Japanese government on Monday upgraded its overall assessment of the economy for the second straight month, saying it ...  |
| Japan govt raises economic assessment in February, second consecutive monthly upgrade Posted: Economy is showing signs of picking up and emerging from recent a recent pause Raises view on exports, first time in 16 months Exports are showing signs of picking up Raises view on industrial output, second consecutive month for upgrade. Showing signs of picking up Lowers view on personal consumption, says consumption is flat Oil ...  |
| Central government building in Libyan capital is on fire – Reuters Posted:  |
| Ifo economist Abberger: Upturn in Germany is robust, in top form Posted: Only a major downturn abroad could slow German economy German companies expect to pass higher energy and raw material prices on to customers Unrest in North Africa not a major problem for world trade ECB should hold rates unchanged, inflation in Germany is still not a problem  |
| Ifo February business climate index 111.2, better than expected Posted: Median forecast 110.3. EUR/USD back above 1.3700, presently at 1.3705.  |
| Euro zone February manufacturing PMI 59.0 Posted: Up from 57.3 in January, much better than median forecast of 57.3. Services PMI 57.2, up from 55.9 in January, better than median forecast of 56.0.  |
| Middle East central bank sells EUR/USD Posted: Around 1.3695. Not that we're any lower, presently at 1.3695.  |
| German February flash manufacturing PMI 62.6 Posted: Up from 60.5 in January and better than median forecast of 60.3. Services PMI meanwhile 59.5, down from 60.3 in January and worse than median forecast of 60.3. Bit of a mixed bag, but the strong manufacturing PMI is what catches the eye. EUR/USD up about 10 pips post release, presently at 1.3685.  |
| Update:Germany Govt Coalition Loses More Votes In Upper House Posted: --Adds Preliminary Official Result To Story Sent Sunday At 22:48 GMT BERLIN (MNI) - German Chancellor Angela Merkel's center-right CDU/CSU-FDP government coalition lost further ground in the Bundesrat, the upper house representing the 16 state governments, following its election defeat in the city-state of Hamburg on ...  |
| European stocks marginally easier early Posted: DAX, FTSE and CAC 40 all off 0.2% in early trade.  |
| French flash February manufacturing PMI 55.3 Posted: Up from 54.9 in January and better than median forecast of 55.0. However exactly in line with our forecast of 55.3. Services PMI 60.8, up from 57.8 in January, quite a bit better than median forecast of 58.0. Highest since July. EUR/USD sits at 1.3675, pretty much unchanged in past three hours or ...  |
| China can’t rashly let yuan appreciate because of international pressure – China ForMin official Posted: Same as it ever was.  |
| Germany Fin Min: Tax Revenue Rose Strongly In January Posted: BERLIN (MNI) - German tax revenue growth picked up in January, but the result was distorted to the upside due to lower contributions to the EU than a year ago, the Finance Ministry said in its latest monthly report released Monday. ...  |
| EUR/USD touch easier during Asian trade Posted: Down at 1.3675 from a North American close Friday up around 1.3690. Orphanides' comments in WSJ (see previous post) will have been noted and given euro bulls a little pause for thought. As will Chancellor Merkel's heavy weekend election defeat in Hamburg, which weakens her domestically and may impede her ability to deal with euro zone ...  |
| ECB Nowotny:Mustn’t Overreact If Expectations Unstable: Press Posted: By David Barwick PARIS (MNI) - The European Central Bank "must not overreact" to a destabilization of inflation expectations "so as not to destroy the still weak upturn," Governing Council member Ewald Nowotny said in a newspaper interview published Saturday. The head of the Austrian ...  |
| Orphanides urges action on debt crisis – WSJ Posted: Portugal could run into even deeper fiscal trouble, with negative implications for other euro zone nations, if governments don't accelerate steps to improve how the currency bloc is managed, one of the regions top central bankers said.  |
| Japan Q4 Negative Output Gap Widens To 3.8% From 3.5% In Q3 Posted: TOKYO (MNI) - Japan's negative output gap -- excess capacity vs. slack demand -- widened to 3.8% in the October-December quarter from a revised 3.5% (preliminary 3.1%) in Q3, reflecting a temporary slump in economic growth in Q4, Cabinet Office data released on Monday showed. ...  |
| ECB’s Bini-Smaghi says inflation a concern Posted: Outlook better than expected in terms of growth and unemployment On track for a gradual recovery Rise in food prices might be permanent; inflation is a concern Not quite as strong as his Friday night comments when he said the ECB were ready to raise rates. EUR/USD popped up 15 pips pretty quickly ...  |
| ForexLive Asian market wrap: FX market unsure how to react to increased Middle East tensions Posted: Increased tensions in Libya with hundreds feared dead Angela Merkel's CDU loses heavily in state elections G20 again fails to deliver any meaningful progress Irish banks behind surge in ECB emergency borrowing Rightmove: UK house prices +3.1% MoM USD/CNY set at new record low Silver makes new 31 year highs, Gold back near $1400/oz Oil spikes 1% ...  |
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