UK March jobless claims +700 -Your forexlive ENewsletter


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Germany’s Govt Forecasts 2011 Public Deficit Of 2.5% Of GDP

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BERLIN (MNI) - The German government, in its new stability program adopted by the cabinet on Wednesday and to be forward to the European Commission, projects that the public deficit will fall to below 3% of GDP this year. The ...

UK Analysis: ILO Unemployment Posts First Fall Since Jul-Sep

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--Mar claimant count unemployment +700; rate 4.5% --Dec-Feb ILO unemployment -17,000 q/q; rate 7.8% --Feb total weekly earnings +2.0% 3m y/y vs +2.3% in Jan --Feb regular weekly earnings +2.2% 3m y/y vs +2.3% in Jan LONDON (MNI) - Unemployment posted a surprise fall in the ...

Japan Quake: TEPCO Continues Work on Plant, Mulls Salary Cut

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TOKYO (MNI) - Japan's efforts to contain radiation leaks from the quake-hit Fukushima Daiichi nuclear power plant continued on Wednesday amid fairly strong aftershocks while Tokyo Electric Power Co, the plant operator, is mulling salary cuts for its executives. ...

UK DATA: Mar claimant count unemployment +700; rate..

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UK DATA: Mar claimant count unemployment +700; rate 4.5% --Dec-Feb ILO unemployment -17,000 q/q; rate 7.8% --Feb total weekly earnings +2.0% 3m y/y vs +2.3% in Jan --Feb regular weekly earnings +2.2% 3m y/y vs +2.3% in Jan ------------------------------------------------------------------------ Mar claimant count unemployment posted a surprise rise of 700 m/m vs median ...

UK March jobless claims +700

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Compared to median forecast of -4,200, so worse than expcted. On the otherhand Ilo jobless -17,000 in 3 months to February, rate down to 7.8% from previous 8.0%, better than expected 8.0%. First fall since July-Sept 2010.

Fed’s Fisher Warns Of Risks Of Overly Expansive Mon Policy

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FRANKFURT (MNI) - Amid mounting inflation pressures worldwide, the Federal Reserve's ongoing expansive monetary policy poses risks for price stability, according to Dallas Federal Reserve Bank President Richard Fisher. "U.S. firms have enough financial fuel in the tank to expand ...

Korea Institute of Finance head Kim: South Korea has room to let won rise

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BOK needs to raise key rate to "at least" 4%

Fed’s Fisher: US companies have enough financial fuel in their engines to grow and create jobs

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Risk of Fed's monetary policy being too expansive Risk we do not manage to get inflation under control EUR/USD sits at 1.4505.

Austrian FinMin Proell to resign from all political offices – Austrian TV

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Josef Proell, who last month had to be hospitalised for treatment to a blood clot in his lungs, will give press conference at 09:00 GMT.

EUR/USD barriers abound……

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Alrighty then; barrier option interest said to be lined up at 1.4530, 1.4550 and 1.4600 in EUR/USD. Amounts for latter two levels larger than the first. Who would have thunk it?

Amid Crisis, Japan Seeks to Return To Normal Spending, Output

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By Max Sato TOKYO (MNI) - A month after the violent earthquake and tsunami in northeastern Japan, the government and private sector are urging Japanese consumers to show support for rebuilding by opening their wallets. Government leaders warn that excessively restrained ...

UK jobs data due today

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08:30 GMT: Jobless claims for March expected -3k; claimant count rate expected unchanged 4.5%; ILO unemployment for 3 months to February expected unchanged 8.0% I'm a bit disconcerted as I haven't heard the leaked numbers yet ;)

Greece’s Fin Min: Debt Restructuring Not Desirable — Press

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BERLIN (MNI) - Greek Finance Minister Giorgos Papakonstantinou said in a newspaper interview published Wednesday that Greece does not plan to restructure its debt. Papakonstantinou told German business daily Handelsblatt that a debt restructuring could destabilize Greek and other European ...

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate 1.09%

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LONDON ((MNI) - The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date April 14 maturing April 21 2011. The Bank said the repo would be at a fixed-rate, with the ...

ACB sells EUR/USD

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In recent trade. We're at 1.4510 from 1.4516 session high. Guess that explains why we've slowed a bit. On the flip side being told a large US bank bought around 1/2 a yard in recent trade. Quite a battle going on.

It’s deja vu as BIS again buys EUR/USD early

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In a repeat of yesterday morning, the little tinkers have turned up buying EUR/USD. Been seen on the bid on EBS. We've been as high as 1.4516, presently at 1.4510.

ECB’s Bini Smaghi:Taxpayers Should Also Shoulder Burden – FT

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FRANKFURT (MNI) - As taxpayers benefited from looser fiscal policy for their financial sectors before the crisis, they must now bear the consequences following the crisis, according to European Central Bank Executive Board member Lorenzo Bini Smaghi. "The principle of ...

Greek FinMin: Debt restructuring would shut Greece out of debt markets for a long time

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Would also trigger possible contagion effects Cost of a debt restructuring would also impact real economy Higher interest rate are problematic for Greek finances Won't participate in debate over voluntary restructuring of debt with private bondholders Greece fully funded for 2011, needs to issue 25-30 bln euros in bonds in 2012 Can imagine risk premiums ...

German March wholesale prices +1.3% m/m, +10.9% y/y

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Marginally firmer than median expectations +1.2%, +10.7% respectively.

GERMANY DATA: March WPI +1.3% M/M, +10.9% Y/Y; Y/Y…

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GERMANY DATA: March WPI +1.3% M/M, +10.9% Y/Y; February +10.8% Y/Y -- Germany mar wpi: solid fuels/oil products +6.9% m/m -- Germany March WPI: ore/iron/steel/non-ferrous metals +2.3% m/m -- Germany March WPI: grains/seeds/feed -4.8% m/m -- Germany March WPI: fruits/vegetables/potatoes -1.8% m/m -- Germany March WPI: data processing/communication -0.3% m/m -- Germany March WPI: food/beverages/tobacco +0.5% ...

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