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- UK ONS Expert Paper: Should Drop Carli Formula From RPI
- More EUR/JPY sell stops loom
- Mrs Merkel goes to Athens. Why?
- El pais survey: 77% of Spaniards support the demonstrators
- USD/JPY hits stops through 78.20
- Euro zone sentix investor confidence -22.2 in October
- BIS heard buying EUR/USD earlier
- Crude takes an early bath
- USD/JPY’s post NFP rally quickly undone
- Today’s orderboard
- Swiss September consumer price index +0.3% m/m, -0.4% y/y
- BOF; France’s September Business Climate indicator falls to 92 from 93 in august
- If you haven’t sent your CV in yet you’re almost out of time….
- UK’s Osborne: Jobs, deficit progress shows economy is healing
- Stocks look set to open lower
- GERMANY DATA: August sa trade surpl +E18.3bn;July….
- German August sa trade surplus rises to Eur 18.3 bln from Eur 16.3 in July
- Goldman’s worst case scenario…
- Could be a quiet start to the week..
- Today’s option expiries..
| UK ONS Expert Paper: Should Drop Carli Formula From RPI Posted: 08 Oct 2012 02:00 AM PDT LONDON (MNI) – A report from an international expert, commissioned While the proposed changes are technical in nature, lowering the The summary of Diewert’s report says its “most important The Carli formula is an average which has led to RPI clothes Alan Clarke, economics director at Scotia, has noted that scrapping Diewert, who made his name with ground breaking work on Leontief The Consumer Price Advisory Council, which includes Bank of England –London bureau: +4420 7862 7491; email: drobinson@marketnews.com [TOPICS: M$B$$$,MFBBU$,M$$BE$] |
| Posted: 08 Oct 2012 01:59 AM PDT Down through 101.00 and 100.90 (100.92 kijun line) i’m now being told. The cross has since bounced from the 101.25 lows (tenkan line support at 101.22) and is now sitting up at 101.45 |
| Mrs Merkel goes to Athens. Why? Posted: 08 Oct 2012 01:53 AM PDT |
| El pais survey: 77% of Spaniards support the demonstrators Posted: 08 Oct 2012 01:42 AM PDT 90% think the protests will become more frequent Happy Dayz |
| USD/JPY hits stops through 78.20 Posted: 08 Oct 2012 01:30 AM PDT A major US name seen behind the latest drop to 78.12, but there should be some strong demand now ahead of 78.00 from the earlier mentioned real money, semi -officials and swiss names before we head any lower. The move also trigger a few sell stops in the EUR/JPY down through 101.50 to a fresh day’s low of 101.25. USD/JPY’s presently at 78.17 with the cross around 101.30 |
| Euro zone sentix investor confidence -22.2 in October Posted: 08 Oct 2012 01:30 AM PDT From -23.2 in September, weaker than Reuters’ median forecast of -20.8. EUR/USD sits at 1.2960, euro bears trying to digest aforementioned buy orders clustered 1.2950/60. Talk of sell stops through 1.2945. Next up German industrial production for August at 10:00 GMT. Could be a long hour and a half.
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| BIS heard buying EUR/USD earlier Posted: 08 Oct 2012 01:06 AM PDT Apparently around the low 1.2960′s just being told. EUR/USD’s presently around 1.2974 |
| Posted: 08 Oct 2012 01:00 AM PDT November WTI’s off around $1.5 after World bank cuts China ‘s growth forecast, and Gold’s tracking the move having shed almost $15 from o/n highs. WTI is currently around 88.50 with the yellow stuff at $1770 after recent lows of 1766.75 |
| USD/JPY’s post NFP rally quickly undone Posted: 08 Oct 2012 12:48 AM PDT That little bit of euphoria for the patient USD/JPY traders out there has evaporated as the pair tumbles into the European open to lows of 78.25. Talk is that the stops down through 78.20 are ‘massive’ but i would expect to see some chunky bids just below as well from the semi-officials (Kampo), as well as the usual breast beating words from MOF/BOJ officials if this move continues… USD’s sitting around 78.28 |
| Posted: 08 Oct 2012 12:27 AM PDT EUR/USD: Bids 1.2950/60 (real money, sovereigns, M/E), sell stops through 1.2945. Offers 1.3010/30 (Swiss/ Dutch names) and 1.3055/65 probable buy stops through Fri high 1.3072. GBP/USD: Bids 1.6060/70 sell stops below, ahead of bids 1.6000/10. Offers 1.6110/20 better up at 1.6140/50 EUR/GBP: Bids 0.8050/60. Offers from 0.8080 up to 0.8100, possible buy stops just above ahead of 200 day MA at 0.8120. USD/JPY: Sell stops down through 78.50 ahead of bids 78.25/40 large sell stops down through 78.20 ahead of bids 78.00 (real money, semi official, Swiss names), more sell stops below. Offers 78.70 trailing up to 79.00 (78.82- 100 day MA), ahead of buy stops through 79.10 and again through 200 day MA at 79.33. EUR/JPY: Bids 101.75/85 (101.77-200 day MA) and 101.45/55 ahead of 101.30/35 (101.31 Oct 4 low). Offers 102.40/50 and 102.70/80 possible buy stops above. AUD/JPY: Bids/tech supp 79.65/75 (79.68 Sept 5 low, Oct 3 low 79.73) sell stops below and through 79.50. Offers 80.10/20 ahead of tech res 80.70/75 (80.74- 100 day MA) and 81.00/10 AUD/USD: Bids 1.0150/60 (1.0150 barrier) sell stops below ahead of bids/tech supp 1.0100/10 (1.0103- 50% of 0.9581-1.0625 rally) and 55 day MA at 1.0083. Offers 1.0180/90 and 1.0265/75 EUR/AUD: Offers 1.2790/00 and 1.2820/30 likely buy stops above. Bids now at 1.2760/70 and 1.2700/20 sell stops through 1.2670 ahead of bids 1.2625/35 |
| Swiss September consumer price index +0.3% m/m, -0.4% y/y Posted: 08 Oct 2012 12:21 AM PDT Exactly in line with expectations |
| BOF; France’s September Business Climate indicator falls to 92 from 93 in august Posted: 07 Oct 2012 11:40 PM PDT September’s services sector indicator remains unchanged at 91 BOF sees a 0.1% decline in Q3 GDP (unchanged) |
| If you haven’t sent your CV in yet you’re almost out of time…. Posted: 07 Oct 2012 11:33 PM PDT That’s if you fancy your chances as Governor of the BOE… The deadline’s this morning in an hour’s time for the 300k a year job (can’t afford the pay cut myself…. Paul Tucker’s apparently the favourite for the poisoned chalice
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| UK’s Osborne: Jobs, deficit progress shows economy is healing Posted: 07 Oct 2012 11:25 PM PDT But it’s taking longer than expected
Comments made on BBC TV |
| Posted: 07 Oct 2012 11:19 PM PDT Euro STOXX look set to open around 0.8% lower, along with the CAC40; German DAX points to a fall of around 0.6% |
| GERMANY DATA: August sa trade surpl +E18.3bn;July…. Posted: 07 Oct 2012 11:10 PM PDT GERMANY DATA: August sa trade surpl +E18.3bn;July rev +E16.3bn |
| German August sa trade surplus rises to Eur 18.3 bln from Eur 16.3 in July Posted: 07 Oct 2012 11:01 PM PDT Well above Reuters consensus of Eur 15.3 bln Seasonally adjusted exports +2.4% m/m, imports +0.3% m/m C/A surplus down to Eur 11.1bln from a revised Eur 11.7 bln in July EUR/USD’s going nowhere fast around 1.2985 |
| Goldman’s worst case scenario… Posted: 07 Oct 2012 10:58 PM PDT |
| Could be a quiet start to the week.. Posted: 07 Oct 2012 10:32 PM PDT Columbus Day in the US and Thanksgiving in Canada doesn’t bode well for market volatility today, so focus will be on data and comments from politicians for any direction. (Gerry will be in a little later as he’s helping cover the afternoon shift) Up on the menu this morning are: French Business sentiment at 0630, Swiss CPI at 0715, EU Sentix indicator at 0830 and German Industrial Production at 1000 EUR/USD’s on a soft tone coming into Europe’s session with some bids around 1.2970/80 and 1.2950/60, sell stops lurk on a break of 1.2945. Offers are seen up at 1.3020/30 and 1.3055/65 with likely buys stops up through Friday’s 1.3072 high |
| Posted: 07 Oct 2012 10:01 PM PDT For the 1000 NY/1400 GMT cut: EUR/USD: 1.2970, 1.3000, 1.3025, 1.3050, 1.3100 USD/JPY: 78.50 GBP/USD: 1.6030, 1.6100, 1.6250 AUD/USD: 1.0100, 1.0250, 1.0275 AUD/NZD: 1.2550 USD/CHF: 0.9350 EUR/SEK: 8.5100, 8.6390 |
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