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- SNB in swaps
- Decent bounce in European stocks
- Slovak FinMin: Does not know whether euro zone can survive in current composition in medium or long-term
- BIS buys EUR/USD
- Option expiries for today’s 14:00 GMT cut
- Summertime and the living is easy……
- Germany’s Fin Min: Tax Revenues Buoyant; Exports To Slow
- German FinMin monthly report: Public deficit in 2011 will be 1.5% of GDP
- UK household finances are ‘worse than during height of recession’
- Gaddafi forces still fighting in Tripoli, control 15-20% of City
- Japan July Supermarket Sales Post 2nd Y/Y Rise on Heat Waves
- ECB’s Schaeuble: Euro remains a stable currency, markets have confidence in euro
- ECB’s Nowotny: Fears euro zone states won’t adopt EFSF revisions by end October
- Relax, central banks can still save us
- JAPAN DATA: Monthly data from the Japan Chain Stores.
- European stockmarkets set to open lower
- Global markets move, but Merkel won’t
- US NABE Text: Survey: Slight Majority Sees MonPol About Right
- ForexLive Asian market wrap
- Around the markets
| Posted: Very aggressive apparently. EUR/CHF trading close to session highs, presently at 1.1340.    |
| Decent bounce in European stocks Posted: FTSE now up 1.4%, DAX up 0.5%, CAC 40 up 1.4%. Oil bouncing too. EUR/USD has made it above 1.4400, presently at 1.4410. ACB was duly seen notable seller 1.4395/00, but couldn’t hold the line in the face of fast improving European stocks. Guess they’ll be back before too much longer. Anyone would think someone’s trying [...]  |
| Posted: Don’t sugar coat it, will ya….. EFSF capacity boost, new powers are politically tough steps, but needed given no better option available It would be unwise for Slovakia to threaten the approved EFSF agreement Reminds me of that war-time saying “Loose lips sink ships” EUR/USD steady around 1.4378. European stocks are seeing improvement which will [...]  |
| Posted: Just below 1.4350. We’re presently at 1.4365. Guess I picked a bad time to leave the room….. UPDATE: Just being told Asian sovereign sell interest lined up at 1.4390/00. I reckon it would be real nice if we had a 1.4340-1.4400 range for the rest of the morning Well I can dream, can’t I?  |
| Option expiries for today’s 14:00 GMT cut Posted: EUR/USD: 1.4235, 1.4250, 1.4390, 1.4400, 1.4450, 1.4500, 1.4550, 1.4600 USD/JPY: 76.00, 76.50, 77.00, 77.65 EUR/JPY: 108.00 GBP/USD: 1.6650 USD/CHF: .7900 AUD/USD: 1.0550  |
| Summertime and the living is easy…… Posted: Fish are jumpin and the cotton is high….. Now this is much more like it. Nice easy tempo, none of that crappy insane volatility. EUR/USD marginally easier in early European trade with European stocks set to open appreciably lower. Talk of sell stops through 1.4320. They seem a long way off at the moment……. No euro [...]  |
| Germany’s Fin Min: Tax Revenues Buoyant; Exports To Slow Posted: FRANKFURT (MNI) – German tax revenue remained buoyant in July, rising by 12.3% on the year, according to data released by the Finance Ministry on Monday. Federal tax revenue growth in July accelerated to 12.3% after slowing in June to +9.6% from +11.8% in May. In the first half of the year, federal tax revenue [...]  |
| German FinMin monthly report: Public deficit in 2011 will be 1.5% of GDP Posted: Balanced budget could be reached from 2014 Maastricht debt level will be 80% of GDP this year Expects public debt-GDP ratio to continuously fall through 2015 to around 71% of GDP Current financial market turmoil could further dampen consumer demand this quarter  |
| UK household finances are ‘worse than during height of recession’ Posted: Can’t say I’m surprised. The price of everything just seems to keep going up.  |
| Gaddafi forces still fighting in Tripoli, control 15-20% of City Posted: According to rebel spokesman.  |
| Japan July Supermarket Sales Post 2nd Y/Y Rise on Heat Waves Posted: TOKYO (MNI) – Sales at supermarkets in Japan open for at least a year rose 2.1% in July from a year earlier to Y1.12 trillion, posting the second straight y/y rise, as heat waves in the first half of the month boosted demand for summer clothing, an industry group said Monday. The increase followed +0.1% [...]  |
| ECB’s Schaeuble: Euro remains a stable currency, markets have confidence in euro Posted: U.S. has higher debt levels than even the “most difficult” country in Europe Everyone surprised a bit by financial market turbulence of last weeks Market correction on downside has been exaggerated There is no sign of recession in Germany at the moment Everything still pointing to growth rate of 3% in 2011, well above earlier [...]  |
| ECB’s Nowotny: Fears euro zone states won’t adopt EFSF revisions by end October Posted:  |
| Relax, central banks can still save us Posted: Our situation is desperate but not serious, as the Viennese say. Love him or loathe him, latest from AEP at The Telegraph.  |
| JAPAN DATA: Monthly data from the Japan Chain Stores. Posted: JAPAN DATA: Monthly data from the Japan Chain Stores Association. – Japan July Supermarket Sales +2.1% Y/Y; June +0.1% – Japan Supermarket Sales Post 2nd Straight Y/Y Rise  |
| European stockmarkets set to open lower Posted: Financial bookies have European stockmarkets opening lower; FTSE down around -1.3%, DAX around -1.2% and CAC 40 around -1.2%.  |
| Global markets move, but Merkel won’t Posted: Irwin Stelzer in the WSJ  |
| US NABE Text: Survey: Slight Majority Sees MonPol About Right Posted: WASHINGTON (MNI) – The following are highlights from the August 2011 Industry Survey released Monday by the National Association for Business Economics. It notes that monetary policy is “about right.” The NABE August 2011 Economic Policy Survey presents the consensus of a panel of 250 members of the National Association for Business Economics. Conducted semiannually, [...]  |
| Posted: Looks highly likely that Gaddafi has been ousted in Libya Both Merkel and Schaueble quoted in weekend press saying Eurobonds not right at this time Japanese FinMin Noda continues with verbal inetrvention; watching markets, talking with other countries etc Gold makes new highs above $1880/oz before steadying Regional stockmarkets mixed, pretty flat on average The [...]  |
| Posted: Gold is trading at $1870/oz after posting new record highs above $1880 a little earlier today. Regional stockmarkets are mixed with China and Korea -0.5%, but Japan, HK and Australia +0.25%. The FX market has had another quiet session in Asia with only two moves of note; firstly when the AUD/USD jumped from 1.0370 to [...]  |
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