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Sentance in The Leader

Posted:

Posen gets to be interviewed by The Guardian, Sentance by The Leader. Sounds fair enough to me ;)

BoF Survey: France 2011 Industry Pay Gains To Remain Moderate

Posted:

PARIS (MNI) - French industry executives expect salaries to remain moderate this year, with annual gains of around 2%, according to a survey by the Bank of France released Monday. After slowing to 1.7% on average in 2009 from 3% ...

MNI Survey: Japan Feb Spending Seen Flat Y/Y; Jan -1.0%

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-- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japanese real average household spending appears to be unchanged from a year earlier in February, after four months of drops, according to the median forecast of analysts surveyed by Market News International. ...

MNI Survey: Japan Feb Jobless Rate Seen Flat at 4.9%

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-- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japan's seasonally adjusted unemployment rate is seen at 4.9% in February, unchanged from January and December, while the ratio of job offers to seekers appears to have risen to 0.62 from 0.61 ...

EUR/GBP edges higher

Posted:

Up at .8808 from around .8778 when I arrived. Sources note some real money buying of the cross this morning. Last week was getting reports of sell orders at .8820/30. Haven't had them confirmed so far this morning, but something to bear in mind I guess. At long last sterling is seeing ...

Cable takes a hit; GBP/AUD selling noted

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Cable has come under accelerated pressure this morning, presently down at 1.5975. It's been as low as 1.5958 so far after aforementioned stops through 1.5980 were tripped. Talk is there has been good GBP/AUD sell interest going through, said to be linked to insurance payments for Queensland floods. AUD/USD trading up at 1.0280 from ...

Japanese business lobby: OK to skip corporate tax cut if money needed for reconstruction after quake

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You really can't help but be impressed at how the Japanese people have pulled together in the face of adversity. USD/JPY sits at 81.75, up from a North American close Friday around 81.40, the pairing garnering some much-needed support of late from firming US treasury yields . Buy orders 81.40/50 and more at 81.25. ...

New ESM won’t solve euro-zone woes

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Irwin Stelzer in WSJ

Eurostoxx 50 futures down 0.2% early

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DAX down 0.3%, CAC futures down 0.1%

Cable smidgeon easier in Asia

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Cable down at 1.6015 from a North American close Friday up around 1.6030. Weekends' unpleasantness in London has been duly noted abroad and had little or no real effect. From what I saw on the telly, the violence/misbehaviour didn't seem overly bad. Market will have noted interview given by Adam Posen in ...

EUR/USD trades little easier in Asia

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EUR/USD down at 1.4050 from a North American close Friday up around 1.4080. Single currency not helped by political setbacks for Merkel and Sarkozy. German Chancellor lost key regional election in Baden-Wurttemberg, while the French President saw the Parti Socialiste extend its' lead over his UMP in the second round of ...

ForexLive Asian market wrap

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German Chancellor Merkel's CDU party suffered heavy losses in weekend elections MPC member Posen sees UK inflation falling to 1.5% next year ECB Nowotny sees risk that Greece can't repay debt Irish government negotiating with ECB to refinance Irish bank debts Regional stocks fall by over 0.5% on average Gold $1427/oz, Oil $105.15/bbl EUR/USD opened lower ...

AUD/USD staying strong: Options players main buyers

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The break above the previous high at 1.0250 has meant that many options players are being forced into hedging at these levels. There is also talk that many corporate players were 'lazy' about their hedging and had presumed that 1.0250 would be the top for the most of this year. ...

EUR/USD: Trying to close opening ‘gap’

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EUR/USD closed in NY at 1.4080 but opened lower after Frau Merkel's election defeat and the lack of progress at the EU summit. The bids starting around 1.4020 were quite substantial and they subdued any bearish momentum which was building. Now we are seeing a gradual grind higher with an ...

Britain an attractive proposition for business

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This article in the UK Telegraph paints a more optimistic picture for the UK economy.

Irish government/ECB seeking ways to restructure bank debt

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According to weekend press reports

ECB Nowotny: Risk that Greece will not be able to repay debt

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More bearish EUR news. This was said in a television interview.

Ireland Seeking Longer-Term ECB Financing For Its Banks: FT

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PARIS (MNI) - The new government of Ireland is hoping to secure special medium-term financing from the European Central Bank in order to overcome its banking crisis, the Financial Times reported over the weekend. Citing Irish radio, the FT reported ...

Risk-reward trade for USD-bears

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Cable is sitting just above presumed Sovereign bids USD/CHF has stalled at reportedly heavy offers USD/JPY is close to post-intervention highs AUD/USD made fresh 30-year highs and is trading quietly above previous highs I'm not sure what the right pair to trade is but it looks like the USD is running into some decent ...

ECB Nowotny Sees Risk Greece May Not Be Able To Pay Its Debt

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-- Economically Speaking, One Could Recommend That Portugal Seek Aid VIENNA (MNI) - There is a risk that Greece may ultimately be unable to pay its debts, but the answer won't be known for a few years, European Central Bank Governing Council member Ewald Nowotny said ...

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