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- ECB’s Coene: Inflation risks have shifted to the upside
- German Chancellor Merkel: Germany could support Draghi as next ECB President -Die Zelt newpaper
- UK Data: Mar Goods Trade Gap Widens As Non-EU Exports Plunge
- Asian central bank activity all over the shop
- Germany Dep Fin Min: See No EU Decisions On Greece Next Week
- Update:France FinMin:Don’t See Greece’s Return To Mkt In 2012
- Right got the details on the China rate cut story
- Today’s turning kinda weird….
- China seen buying cable
- EUR/USD steadies
- German Deputy FinMin Asmussen: Need to move toward exchange rate regime that allows adjustment in line with economic fundamentals
- Irish Govt Minister: Growth risks, social risks from faster pace of fiscal consolidation
- I know how much you lot like a good old bank recommendation
- EUR/JPY slips back
- France FinMin: Hard To Imagine Greece’s Return To Mkt In 2012
- For anyone crazy enough to try and trade EUR/CHF…
- FRANCE DATA: Manufacturing execs surveyed in April…
- Toyota CEO says current fx level necessitates discussion over how much Toyota can keep building in Japan
- EUR/USD ticks higher as Europe gets underway
- Analysis:Germany’s April HICP Revised To +0.3% M/M, +2.7% Y/Y
| ECB’s Coene: Inflation risks have shifted to the upside Posted: ECB policy stance does remain accomodative ECB will do whatever is necessary to maintain price stability Data will determine pace at which policy accomodation is withdrawn Risks of second round inflation effects are real    |
| German Chancellor Merkel: Germany could support Draghi as next ECB President -Die Zelt newpaper Posted: Whatever.......  |
| UK Data: Mar Goods Trade Gap Widens As Non-EU Exports Plunge Posted: --UK Mar Global Goods Trade Deficit Stg7.66bn vs Stg6.988bn Feb --UK Mar Non-EU Goods Trade Deficit Stg4.479bn vs Stg2.766bn Feb --UK Mar Total Trade Deficit Stg2.443bn vs Stg3.858bn Jan --UK Mar Global Trade Gap Ex-oil/erratics Stg6.643b vs Stg7.895bn Jan --UK Mar ...  |
| Asian central bank activity all over the shop Posted: Not only do we have Asian sovereign buying in EUR/USD and GBP/USD, but Asian soveriegn buying has been noted in AUD/USD and selling in USD/CAD.  |
| Germany Dep Fin Min: See No EU Decisions On Greece Next Week Posted: --Must Await Release Of EU, IMF, ECB Report On Greece BERLIN (MNI) - EU finance ministers will discuss the Greek debt crisis next week, but there will be no decisions before the report on Greece by the EU, IMF and ECB is released, German Deputy Finance ...  |
| Update:France FinMin:Don’t See Greece’s Return To Mkt In 2012 Posted: --Adds Comments On Debt Restructuring, On Public Investigation PARIS (MNI) - In order to avert debt restructuring, the Eurozone must continue to assist members in financial difficulty, French Finance Minister Christine Lagarde said in an interview published Wednesday. "Nobody wants to ...  |
| Right got the details on the China rate cut story Posted: Wang Jian, researcher with National Development and Reform Commission, says policymakers may now become more concerned about an overly rapid slowdown in the economy and may look to cut, rather than raise, interest rates. Wang, in an interview with Reuters, said "The central bank will be very cautious about raising rates. ...  |
| Posted: Someone has just come up and told me a wire service (don't know which one) is carrying comment from NDRC researcher that China will CUT interest rates. Unfortunately I don't have any further details. Maybe that's why they're buying cable ;) Personally I'd be amazed if they started cutting rates anytime ...  |
| Posted: In recent trade. We're up at 1.6400. I wonder if they've had a sneak peak at the inflation report. Just joking :)  |
| Posted: Presently back up at 1.4392, with Asian central bank and BIS buying having been noted around the lows.  |
| Posted: Haven't got the foggiest what that means. Colour me clueless. I await details. Asian central bank has turned up buying EUR/USD, not overly large apparently. We sit at 1.4368 having been as low as 1.4365 so far. UPDATE: Talk BIS been buying again in recent trade as well. More Asmussen: There will be debate on ...  |
| Irish Govt Minister: Growth risks, social risks from faster pace of fiscal consolidation Posted: Oh-eh, EUR/USD extends slide, presently at 1.4375.  |
| I know how much you lot like a good old bank recommendation Posted: Gives you the chance to take the piss when it goes pear-shaped. Anyways, UBS long USD/CHF at .8797, targetting recovery to .9060, stop loss at .8700. We're presently at .8805.  |
| Posted: Presently at 116.20 from around 116.40 when I sat down, amid reports of hedge fund selling in the cross. The cross selling will have a weighed a little on EUR/USD which is down below 1.4400 at 1.4395.  |
| France FinMin: Hard To Imagine Greece’s Return To Mkt In 2012 Posted: PARIS (MNI) - In order to avert debt restructuring, the Eurozone must continue to assist members in financial difficulty, French Finance Minister Christine Lagarde said in an interview published Wednesday. "Nobody wants to continue to finance countries in difficulty this ...  |
| For anyone crazy enough to try and trade EUR/CHF… Posted: Talk of buy stops gathering up at 1.2720/30. We sit presently at 1.2685.  |
| FRANCE DATA: Manufacturing execs surveyed in April… Posted: FRANCE DATA: Manufacturing execs surveyed in April expected nominal investment spending to recover by 15% this year compared to +14% in their forecast from January.  |
| Posted: USD/JPY steady, sitting at 80.80. Buy orders seen clustered 80.50/60, sell stops through 80.40. Sell orders (said to include ACB interest) seen 81.00/20, stops above there.  |
| EUR/USD ticks higher as Europe gets underway Posted: Sources note buying out of Eastern Europe and we're up at 1.4405. As mentioned sell orders layered 1.4420 up through 1.4450. Stops above there or through 1.4460. Take your pick. UPDATE: Just being told BIS seen buying as well.  |
| Analysis:Germany’s April HICP Revised To +0.3% M/M, +2.7% Y/Y Posted: Final HICP April: +0.3% m/m +2.7% y/y March: +0.6% m/m, +2.3% y/y Final CPI April: +0.2% m/m, +2.4% y/y March: +0.5% m/m, +2.1% y/y --- BERLIN (MNI) - Germany's harmonized annual inflation rate rose to ...  |
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