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German FinMin Schaeuble: G20 needs structural reforms and fiscal consolidation to ensure market trust and growth
EUROPEAN DATA: EMU October final manufacturing PMI…
GERMAN DATA: German October final manufacturing PMI..
Eurozone October Final Mfg PMI falls to 45.4 from 46.1 in Sept
German October Final Mfg PMI 46.0 (from final 47.4 in Sept)
FRANCE DATA: France October final manufacturing PMI..
ITALY DATA: Italian October manufacturing PMI 45.5 -.
French Oct final Mfg PMI rises to 43.7
Italian Oct Mfg PMI falls to 45.5
Why did the Salmon cross the road?
Spanish Oct Mfg PMI falls to 43.5
JAPAN DATA: Japan’s gross domestic product in……..
FRANCE DATA: Oct nominal new car registrations down..
USD/JPY grinds higher…
Today’s orderboard
EUR/USD steadying after an early wobble
Today’s option expiries
Nikkei 225 closes up 1.17%
Early raid on the EUR/USD
Data calendar

German FinMin Schaeuble: G20 needs structural reforms and fiscal consolidation to ensure market trust and growth

Posted: 02 Nov 2012 02:03 AM PDT

Debt reduction is a global task
USA and Japan must shoulder same responsibility as Europe in pursuing stability orientated policies
Spain on track with reforms and sees signs of imbalance reduction

EUROPEAN DATA: EMU October final manufacturing PMI…

Posted: 02 Nov 2012 02:00 AM PDT

EUROPEAN DATA: EMU October final manufacturing PMI 45.4 vs 46.1 Sep
(flash 45.3) – Reuters

GERMAN DATA: German October final manufacturing PMI..

Posted: 02 Nov 2012 02:00 AM PDT

GERMAN DATA: German October final manufacturing PMI 46.0 vs 47.4
Sep (flash 45.7) – Reuters

Eurozone October Final Mfg PMI falls to 45.4 from 46.1 in Sept

Posted: 02 Nov 2012 01:59 AM PDT

Slightly above flash reading of 45.3

Output index fell to 45.0 from 45.9, New orders index fell to 43.3 from 43.5

German October Final Mfg PMI 46.0 (from final 47.4 in Sept)

Posted: 02 Nov 2012 01:54 AM PDT

Flash reading was 45.7. Still showing an 8th consecutive month of contraction

FRANCE DATA: France October final manufacturing PMI..

Posted: 02 Nov 2012 01:50 AM PDT

FRANCE DATA: France October final manufacturing PMI 43.7 vs 42.7 Sep
(flash 43.5) – Reuters

ITALY DATA: Italian October manufacturing PMI 45.5 -.

Posted: 02 Nov 2012 01:50 AM PDT

ITALY DATA: Italian October manufacturing PMI 45.5 vs 45.7 in Sep –
Reuters

French Oct final Mfg PMI rises to 43.7

Posted: 02 Nov 2012 01:49 AM PDT

from a 41 mth low of 42.7 last month ., but still the 8th consecutive month of contraction.

Those surveyed cited lack of investment by clients in the auto sector,

New orders sub index rises to 40.3 from a final 39.6 in September ( 16th consecutive month of contraction)

Italian Oct Mfg PMI falls to 45.5

Posted: 02 Nov 2012 01:43 AM PDT

From 45.7 in August but above forecast of 45.3. 15th consecutive monthly fall

Output index falls to 44.7 from 45.5

Why did the Salmon cross the road?

Posted: 02 Nov 2012 01:40 AM PDT

To be eaten by a dog of course … !

(Well it is Friday)

Spanish Oct Mfg PMI falls to 43.5

Posted: 02 Nov 2012 01:14 AM PDT

From 44.6 in Sept and the lowest since July :(

Mind you, new new export orders did rise to 50.1, highest since June last year

JAPAN DATA: Japan’s gross domestic product in……..

Posted: 02 Nov 2012 01:10 AM PDT

JAPAN DATA: Japan’s gross domestic product in July-September is expected to have
posted the first quarter-on-quarter drop in five quarters, down a real 0.9%, or
an annualized -3.5%, amid rapidly slowing overseas demand, according to the
median forecast by economists surveyed by MNI. It would be the largest
contraction since an annualized 7.9% decline in the first quarter of 2011, when
the earthquake disaster caused a supply chain breakdown. The Cabinet Office will
release the GDP data at 0850 JST on Monday, Nov. 12 (2350 GMT Sunday).

FRANCE DATA: Oct nominal new car registrations down..

Posted: 02 Nov 2012 01:10 AM PDT

FRANCE DATA: Oct nominal new car registrations down 7.8% y/y
– Oct workday-adjusted new car registrations down 15.8% y/y
– Jan-Oct nominal registrations -13.3% y/y, workday-adjusted -13.7% y/y
– For more details please see MNI Mainwire

USD/JPY grinds higher…

Posted: 02 Nov 2012 12:51 AM PDT

Hit a week’s high of 80.34 just now just short of the Oct 25 high of 80.38.

Offers from exporters, electronic co’s and the likes run up to 80.50 which may hold a barrier with possible buy stops just above. tech res above comes in around the 80.63 highs of June 25 ahead of further offers towards 81.00.

Support is building now in the 80.00/10 area from importers and Swiss names

USD’s trading around 80.32

Today’s orderboard

Posted: 02 Nov 2012 12:30 AM PDT

EUR/USD: Offers 1.2925/35 possible buy stops through 1.2950 ahead of offers 1.2980/00. More offers above at 1.3010/20 suggested buy stops through 1.3025. Bids 1.2880/00 (sovereigns, option related ahead of 1.2880 p/o a DNT) sell stops through 1.2875 ahead of tech supp 55/ 200 day MA's at 1.2849 (sell stops below ) and 1.2832 respectively.

GBP/USD: Bids 1.6085/95 possible sell stops below ahead of more bids/tech supp 1.6065/75 . larger bids down at 1.6000/20. Offers 1.6125/35 1.6160/70 and 1.6190/00

EUR/GBP: Offers 0.8030/40 and 0.8065/75, tech res/offers 0.8090/00 (0.8097- 200 day MA) likely buy stops just above, and more offers 0.8135/45. Bids 0.8000 /10 (cloud top 0.7999, 55 day MA 0.8010) and tech support 0.7967 (100 day MA)

USD/JPY: Bids 80.00/10, 79.80/90, and 79.40/50, larger bids 79.00/20 and very large sell stops below through 78.95. Offers 80.30/50 (80.50 possible barrier) buy stops above ahead of tech res 80.63 highs of June 25

EUR/JPY: Bids 103.40/50 and 103.00/10 sell stops just below. Offers 103.80/00 and 104.30/40

AUD/JPY: Bids 83.30/40, 83.00/10 and 82.75/85 ahead of tenkan line supp 82.50, sell stops through 82.30. 83.50/60 (Aug 21 high 83.57) buy stops above ahead of offers 83.90/00

AUD/USD: Further offers from 1.0420 through to 1.0450 (61.8% of 14 Sept-8 Oct fall around 1.0444, 1.0450 possible barrier). Bids 1.0380/90 and 1.0350/60. Sell stops below each and through 200 day MA 1.0338, ahead of bids 1.0300/10, sell stops below

EUR/AUD: Bids 1.2400/20 ( 200 day MA at 1.2411). Sell stops below ahead of tech supp 1.2350/60 (Oct 1 low 1.2358) Offers 1.2435/50 and larger up at 1.2480/00

NZD/USD: Offers 0.8270/80 likely buy stops above. Bids 0.8220/30, 0.8185/05 (cloud top 0.8203, 38.2% retracement of 5-28 Sept rise- around 0.8188) possible sell stops through 0.8170 (55 day MA 0.8172)

EUR/USD steadying after an early wobble

Posted: 01 Nov 2012 11:42 PM PDT

Early sales from Swiss and European names apparently behind the shove down through 1.2900 earlier. There’s also talk of a DNT option expiring today with 1,2880 the downside of the equation.

EUR’s currently trading around 1.2906

Today’s option expiries

Posted: 01 Nov 2012 11:13 PM PDT

For the 1000 NY cut:

EUR/USD: 1.2900, 1.2950, 1.2960, 1.3000, 1.3100

GBP/USD: 1.6100, 1.6140, 1.6150

EUR/GBP: 0.7975, 0.8050

USD/JPY: 79.20, 79.30, 79.50, 79.75, 80.00

AUD/USD: 1.0360, 1.0400

EUR/AUD: 1.2355

Nikkei 225 closes up 1.17%

Posted: 01 Nov 2012 11:07 PM PDT

……at 9051.22

Early raid on the EUR/USD

Posted: 01 Nov 2012 11:05 PM PDT

Someone’s just triggered the sell stops through 1.2920 as EUR/USD tumbles to 1.2892 (down through the daily cloud top at 1.2896) from around 1.2930.

The 1.2880/00 level supposedly holds some sovereign bids and there’s talk of sell stops down through 1.2875. Below here should find some bids ahead of the 55 day MA at 1.2849, and the 200 day MA at 1.2832

EUR/USD’s sitting presently around 1.2903