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- UK BBA: Mortgage Approvals Stay Subdued Through May
- UK mortgage approvals for home purchase 30,509 in May
- Greek 5 year credit default swaps rise to 2025 bps
- ITALY DATA: June seasonally-adjusted consumer fell…
- Italy June consumer confidence index falls to 105.8
- Euro zone June flash manufacturung PMI 52.0
- ECB’s Stark: Euro zone at point where more and more rescue measures would be fatal without financial system and economic policy adjustments
- Slovak PM: Greek PM, in phone call, said cannot guarantee reforms will find support in Greek parliament
- German June flash manufacturing PMI 54.9
- USD/JPY moved!!!!!
- EUR/USD stops tripped in wake of very poor French PMI data
- French flash June manufacturing PMI 52.5
- Eurostoxx 50 futures down -0.9% early
- Swiss trade balance 3306 mln in May
- BOJ’s Morimoto: Watching corporate bonds issued by power utilities because they have big presence in Japan corporate bond market
- EUR/USD trades lower in Asia
- ForexLive Asian market wrap: China PMI disappoints, USD still rallying
- Sovereigns seen buying EUR/USD
- AUD/USD holds up despite weak China flash PMI
- China HSBC Flash PMI 50.1
| UK BBA: Mortgage Approvals Stay Subdued Through May Posted: –UK BBA: May Seas. Adj Mortgage Approvals 30,509 vs 29,747 in Apr –UK BBA: May Approvals for Remortgaging 21,519 vs 20,987 in Apr LONDON (MNI) – Mortgage lending remained subdued through May, the British Bankers’ Association reported today. Mortgage approvals for house purchase rose a little to 30,509 up from 29,747 in April, the BBA [...]    |
| UK mortgage approvals for home purchase 30,509 in May Posted: Versus 29,747 in April. Pretty much in line with median forecast of 30,000. Net mortgage lending 1.182 bln in May vs 1.199 bln in April. Cable hovering around session lows, presently at 1.6010. Just hearing a UK clearer with strong Far Eastern connections has been notable seller of the pairing in recent trade. UPDATE: On the [...]  |
| Greek 5 year credit default swaps rise to 2025 bps Posted: Up 138 bps on day. Portuguese 5 year credit default swaps rise to 805 bps, up 30 bps on day Irish 5 year credit default swaps rise to 780 bps, up 24 bps on day Spanish 5 year credit default swaps rise to 298 bps, up 15 bps on day  |
| ITALY DATA: June seasonally-adjusted consumer fell… Posted: ITALY DATA: June seasonally-adjusted consumer confidence fell to 105.8 from 106.5 in May on a fall in consumers’ sentiment on their personal and the current climate. –Consumer sentiment on their personal climate fell to 120.1 from 121.5 in May; and confidence in the current climate fell to 116.0 from 117.3. –The future outlook for the [...]  |
| Italy June consumer confidence index falls to 105.8 Posted: From 106.5 in May, but above median forecast of 105.3.  |
| Euro zone June flash manufacturung PMI 52.0 Posted: Down from 54.6 in May, weaker than median forecast of 53.8. Lowest read since December 2009. Services PMI 54.2, down from 56.0 in May and weaker than median forecast of 55.5.  |
| Posted: ECB starting to adjust interest rates, remove support measures If industrialised nations don’t cut debt I see unpredictable risks to stability and employment Greece needs to make further substantial efforts and realise privatisations Don’t see reason why Greece would not be able to return to markets if implements plans Understands calls for private sector role [...]  |
| Posted: Oh-eh.  |
| German June flash manufacturing PMI 54.9 Posted: Down from 57.7 in May and weaker than median forecast of 57.0. Services PMI 58.3, up from 56.1 in May and stronger than median forecast of 55.7.  |
| Posted: Good golly miss molly, whatever next. Model funds been seen buying USD/JPY. We’re up 13 pips from when I sat down, presently at 80.55. Buy stops through 80.65.  |
| EUR/USD stops tripped in wake of very poor French PMI data Posted: Aforementioned sell stops through 1.4280 have been duly tripped in the wake of the very poor French PMI data. Buy orders now noted 1.4250/60. Haven’t really heard where next batch of sell stops lined up. Guess either through 50 or maybe 40. UPDATE: Just being told real money been selling in recent trade. On the [...]  |
| French flash June manufacturing PMI 52.5 Posted: Down from 54.9 in May and demonstrably lower compared to median forecast of 54.3. Lowest read in 22 months. Services PMI down at 56.7 from 62.5 in May, again demonstrably lower than median forecast of 61.0. Lowest read in 6 months. EUR/USD slips back to 1.4297.  |
| Eurostoxx 50 futures down -0.9% early Posted: DAX futures down -0.7%, CAC 40 futures down -0.7%.  |
| Swiss trade balance 3306 mln in May Posted: Versus revised 1436 mln in April. Swiss watch exports rose by 31.6% in May year on year. EUR/CHF sits down at 1.2035. That big Swiss pharmaceutical company did well yesterday, didn’t they.  |
| Posted: Sees big impact on Japan economy if nuclear plants don’t resume operation Uncertainty has heightened on power supply in long term due to suspension of nuclear power plants No clarity yet on when and how much reconstruction demand will emerge To watch govt’s reconstruction assistance in considering what BOJ can do Slowdown of US output, [...]  |
| Posted: Presently at 1.4300, down from a North American close Wednesday up around 1.4350. The move comes with Bernanke having dashed hopes for an early introduction of QE3. Euro zone data due today: 07:00 GMT: French manufacturing PMI for June (prelim) expected 54.0 from previous 54.9; services 60.5 from 62.5 07:30 GMT: German manufacturing PMI for June (prelim) [...]  |
| ForexLive Asian market wrap: China PMI disappoints, USD still rallying Posted: Ben Bernanke’s overnight speech encourages further USD short covering China flash PMI +50.1, lower than expected UK pay deals steady Regional stocks fall by 0.5% Gold falls back below $1550; Oil $94.25/bbl The USD recovery which started overnight with the fall in cable has continued slowly in Asia with USD/JPY finally finding a bit of [...]  |
| Sovereigns seen buying EUR/USD Posted: Just confirming that ACBs were spotted buying relatively small amounts of EUR/USD below 1.4300. With recent highs of ‘only’ 1.4440, it seems a little hasty to be dip-buying one would think.  |
| AUD/USD holds up despite weak China flash PMI Posted: There are plenty of traders scratching their heads at the AUD’s resilience in the face of the shocking China flash PMI number. Traders say there is plenty of flows but obviously the buyers at todays low 1.0533 are winning the battle so far. The only place AUD is under pressure is against the Kiwi with [...]  |
| Posted: Very ordinary number. Look for pressure on AUD/USD but it needs to get below 1.0525 to hit stop territory.  |
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