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- ECB Allots $552 Mln In 6-Day USD Liquidity Providing Op
- Germany’s Merkel: Money To Defend The Euro Is Limited
- Analysis: EMU Sept Industry Orders Gutted By Heavy Transport
- BOE Receives No Bids At 6-Day Dollar Repo Ops
- EMU DATA: September sa industry new orders -6.4% y/y.
- BOE Agents: Services Hiring Plans Weakest Since Early 2010
- Euro zone Sept industrial orders -6.4% m/m, +1.6% y/y
- Should EUR/USD eva frickin move……..
- ECB buying Italian, Spanish bonds
- EUR/CHF buyers about…
- BOE Minutes: Unanimous Unchanged Vote; Confirm QE Speed Limit
- UK BBA: Oct s.adj Mortgage Approvals 35,295 Vs 33,502 Sep
- UK DATA: Oct s.adj Mortgage Approvals 35,295 Vs Sep..
- BOE MPC voted 9-0 to keep rates, QE steady
- Irish FinMin: Europe will have eurobonds in time
- AUD/USD toying with the 100 week MA
- Eurozone November flash composite PMI 47.2
- Merkel: Europe needs not just agreement of Greek PM but all Greek parliament before tranche can be paid
- German flash November manufacturing PMI 47.9
- BOE Offers Unltd Usd In 6-Day Repo At 1.09%
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Posted:
FRANKFURT (MNI) – The European Central Bank said Wednesday that it has allotted $552 million in its 6-day USD liquidity providing operation. The central bank said it received 2 bids. Today’s operation was carried out at a fixed rate of 1.09%. The Euro/USD rate was set at 1.3451. –Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com [...]
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BERLIN (MNI) – German Chancellor Angela Merkel on Wednesday again rejected the idea of making the ECB the lender of last resort in the Eurozone’s sovereign debt crisis, acknowledging at the same time that the resources to protect the euro are limited. “The ECB is solely responsible for monetary stability,” Merkel said in a speech [...]
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Posted:
Sept preliminary: -6.4% m/m, +1.6% y/y MNI median forecast: -2.7% m/m, +5.2% y/y MNI survey range: -4.0% to -1.8% m/m August revision: +1.4% m/m (+1.9%) July revision: -1.9% m/m (-1.6%) June: -0.7% m/m (unrevised) May revision: +3.3% m/m (+3.5%) April revision: -0.3% m/m (-0.1%) — PARIS (MNI) – Eurozone industry orders dropped much more than [...]
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LONDON (MNI) – The Bank of England said Wednesday it received no bids at its 6-day unlimited dollar repo operation. –London newsroom: 00 44 20 7862 7499; e-ml: ukeditorial@marketnews.com [TOPICS: M$B$$$,M$BDS$,M$$FI$,MT$$$$,M$$BE$]
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Posted:
EMU DATA: September sa industry new orders -6.4% m/m, +1.6% y/y – EMU September industry orders m/m below all fcasts (MNI median -2.7%) – EMU August industry orders rev down to +1.4% m/m (+1.9%) – EMU September orders ex-ships/rail/aerospace -4.3% m/m, +2.5% y/y – EMU 3q industry orders -2.5% q/q; 2q +2.1%; 1q +3.3% – [...]
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LONDON (MNI) – The pace of hiring is easing, fueled by economic uncertainty, according to the latest Bank of England Agents’ report. The report, accompanying the November minutes of the BOE’s Monetary Policy Committee, said employment intentions had softened recently, and in some cases uncertainty had lead to greater caution over recruitment. The detailed scores [...]
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Well they’re pretty shite numbers, ain’t they? Reuters median forecasts had been calling for -2.5%, +8.0% respectively. UPDATE: EUR/USD LOWER AFTER POOR BUND AUCTION.
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And that move happens to be lower; I’m told there’s an Asian sovereign sitting down at 1.3410 looking to buy a few euros. Nod’s as good as a wink to a blind horse….. Much talk of 1.3400 barrier option interest. (whoops there I go again, me and my barrier options. Just can’t help meself ducks)
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Well I’ll be buggered. Who wud have thunk it? EUR/USD sits at 1.3455. I’m slowly losing the will to live. Shall we call it a year and shut up shop?
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…out of Lugano i’m told. EUR/CHF’s just bounced sharply from 1.2300 to 1.2337., after model sellers earlier clumped the pair from 1.2320 down to 1.2285. Points of interest are the 21 and 200 day MA’s at 1.2298 and 1.2245 . The latter should hold some reasonable support We’re sitting at 1.2325 now
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–BOE MPC Voted 9-0 for Unchanged QE at Nov Meeting –BOE MPC: Market Capacity Makes It Hard To Raise Monthly Rate of QE –BOE MPC Voted 9-0 for Unchanged Bank Rate at Nov Meeting –Some BOE MPC: Inflation Report Shows More QE Will Likely Be Needed –Some BOE MPC: Risks Around Inflation Target More Balanced [...]
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LONDON (MNI) – October mortgage approvals rose to their highest levels since May last year, according to the latest British Bankers’ Association data. The number of approvals for house purchases in O ctober climbed to 35,295 from 33,502 in September, the highest outturn since May 2010. August remortgaging approvals rose to 25,281 from 24.667 in [...]
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UK DATA: Oct s.adj Mortgage Approvals 35,295 Vs 33,502 Sep ======================================================================== October mortgage approvals rose to their highest levels since May last year, according to the latest British Bankers’ Association data. The number of approvals for house purchases in O ctober climbed to 35,295 from 33,502 in September, the highest outturn since May 2010. August [...]
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As widely expected. Now the usual drivel Some MPC members felt more QE might well be warranted in due course, others saw inflation risks more balanced Inflation may fall more slowly in 2012 than forecast; likely target undershoot is “not very large” Threat of worst euro zone risks crystallising has increased, exacerbating bank funding problems [...]
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To be sure, to be sure….. For sake of european project solutions need to be found very quickly (to be sure, to be sure) EUR/USD sits at 1.3452, recovering from a little Merkel-induced dip. Boring, boring forex!!!
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AUD’s been down to 0.9740 just now which is below the 100wk MA at 0.9752. A close below this level would paint a pretty bearish picture . Technical support is down at 0.9730/35 ahead of the Oct 6 lows of 0.9629. A bounce from here will likely run into resistance towards 0.9800 where sell stops [...]
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Up from 46.5 in October and better than Reuters’ median forecast of 46.0. Manufacturing PMI 46.4, down from 47.1 in October, pretty much in line with Reuters’ median forecast of 46.5. Lowest read since July 2009. On a more positive note, services PMI up at 47.8 from 46.4 in October, better than Reuters’ median forecast [...]
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Hopes EconFin meeting next week will have exact numbers for bank recapitalisation requirements Europe must not change anything regarding independence of ECB European Commission focus on euro bonds inappropriate as gives impression debt burden can be shared (fight!!, fight!!, fight!!) Brussels proposals on euro bonds will not work, confidence can only be won back via [...]
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Down from final 49.1 in October and below Reuters’ median forecast of 48.5, lowest read since July 2009. On the flip side, services PMI 51.4, up from final 50.6 in October and better than Reuters’ median forecast of 50.0. Highest read since July. EUR/USD sits at 1.3458, effectively unchanged on day (well at least since [...]
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LONDON ((MNI) – The Bank Of England said Wednesday it was offering an unlimited supply of U.S. dollars in a 6-day repo operation, settlement date Nov 25 maturing December 1 2011. The Bank said the repo would be at a fixed-rate, with the rate to be set at 1.09%. –London Bureau; Tel: +442076341655; email: ukeditorial@marketnews.com [...]
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