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Euro zone November trade balance 13.7 bln
Fitch’s Renwick: Not comfortable with euro zone peripheral debt level
German govt sees +0.4% economic growth in 2013, +1.6% in 2014
Fitch: Debt ceiling delay would prompt formal US rating review
UK December CPI +0.5% m/m, +2.7% y/y
Fitch’s Linnell: US, UK, France ratings ‘under threat’
Something a little different; EUR/CHF poll!!
Fitch’s Riley: ECB OMT has bought breathing space for eurozone sovereigns
Spanish Dep PM: Spain is starting to sort itself out
German Q4 GDP -0.5% q/q
You can add UBS to the list of EUR/CHF bulls
EUR/USD recovers from early stumble
German GDP rose +0.7% in 2012
German govt set to cut 2013 growth forecast in half to +0.5%
No eurozone crisis this year; Buy EUR/USD targeting 1.40 – Deutsche Bank
Barrier talk
German Dec final CPI +0.9% m/m, +2.1% y/y
Today’s orderboard
Citibank like them some EUR/CHF as well
HMV to appoint administrator

Euro zone November trade balance 13.7 bln

Posted: 15 Jan 2013 02:00 AM PST

Better than Reuters’ median forecast of 10.0 bln.

October balance revised down, to 9.3 bln from previous 10.2 bln.

EUR/USD trading marginally firmer on the day, presently at 1.3382.

Fitch’s Renwick: Not comfortable with euro zone peripheral debt level

Posted: 15 Jan 2013 01:57 AM PST

Sees risk of reform drive slowing in Italy

German govt sees +0.4% economic growth in 2013, +1.6% in 2014

Posted: 15 Jan 2013 01:49 AM PST

According to Economy Ministry official.

Only +0.4% 2013 growth, pretty darn pathetic when all said and done

And Germany’s the locomotive that drives the euro zone economy……………….gulp!!

Fitch: Debt ceiling delay would prompt formal US rating review

Posted: 15 Jan 2013 01:45 AM PST

Too right!!!!!!

UK December CPI +0.5% m/m, +2.7% y/y

Posted: 15 Jan 2013 01:31 AM PST

As expected.

ONS says biggest upward contributions to CPI from utility bills; biggest downward pressure on CPI from transport

December producer output prices -0.1% m/m, +2.2% y/y, slightly weaker than median forecasts of flat, +2.4% respectively.

Core producer output prices +1.5% y/y, as expected. Highest since June.

Fitch’s Linnell: US, UK, France ratings ‘under threat’

Posted: 15 Jan 2013 01:26 AM PST

US lacks plan for long-term fiscal stability
Euro zone is not out of the woods
Euro zone economic backdrop still ‘pretty poor’
Doesn’t see significant risk of euro zone break-up

Something a little different; EUR/CHF poll!!

Posted: 15 Jan 2013 01:15 AM PST

Don’t know what sort of interest there is out there in this cross, but here goes….

We’re at 1.2330.

What’ll we see first, 1.2500 or 1.2160?

Fitch’s Riley: ECB OMT has bought breathing space for eurozone sovereigns

Posted: 15 Jan 2013 01:08 AM PST

Eurozone needs to maintain deficit reduction, reform pace
Eurozone economic outlook remains as uncertain as ever (party pooper)

Spanish Dep PM: Spain is starting to sort itself out

Posted: 15 Jan 2013 12:44 AM PST

Yippee, jelly and icecream for everyone

Spain is credible country that meets its obligations
Spain is regaining confidence of markets
There is lots of fraud undermining tax returns (don’t talk to me about tax returns, did mine Sunday…ughh)
Some regions should consider cutting bureaucracy
Spanish democracy needs improvement
Concerned about corruption in Spain
Must ensure Spanish justice works on corruption
Politicians must be ‘exemplary’ in behaviour (good luck with that one)

German Q4 GDP -0.5% q/q

Posted: 15 Jan 2013 12:39 AM PST

First estimate from the statistics office.

You can add UBS to the list of EUR/CHF bulls

Posted: 15 Jan 2013 12:30 AM PST

Bank apparently came out with trade recommendation yesterday.

Buy 1.2260.

Target 1.2550

Stop loss 1.2120

The bank notes that Swiss investors have been buying foreign equities past couple of weeks and in decent size. The bank says this supports their trade recommendation.

EUR/USD recovers from early stumble

Posted: 15 Jan 2013 12:12 AM PST

Sits presently at 1.3355, exactly where it was when I arrived, having recovered from a slight stumble which saw a session low 1.3334 posted.

Talk now of some sell stops gathered through 1.3330.

Also reports that the BIS was a notable seller earlier. No exact level/s mentioned, but I’d hazard a guess 1.3350-ish and think their interest helps explain partly the dip.

German GDP rose +0.7% in 2012

Posted: 15 Jan 2013 12:03 AM PST

Slightly weaker than Reuter’s median poll of +0.8%

German govt set to cut 2013 growth forecast in half to +0.5%

Posted: 14 Jan 2013 11:55 PM PST

Handelsblatt apparently reporting.

Happy Dayz

No eurozone crisis this year; Buy EUR/USD targeting 1.40 – Deutsche Bank

Posted: 14 Jan 2013 11:49 PM PST

For those who like bank recommendations.

For those who don’t, just ignore it

Personally I like reading them for the reasoning behind the call rather than the actual call itself

Barrier talk

Posted: 14 Jan 2013 11:04 PM PST

I’ve heard of the following in the market…

EUR/USD 1.3450, 1.3500

AUD/USD: 1.0600, 1.0625

USD/JPY: 90.00 (also 90.75 topside of a DNT)

EUR/CHF: 1.2400, 1.2500

EUR/JPY: 120.50, 121.00

NZD/USD: 0.8500 (unconfirmed)

AUD/JPY: 95.00 (unconfirmed)

German Dec final CPI +0.9% m/m, +2.1% y/y

Posted: 14 Jan 2013 11:02 PM PST

Unchanged from prelim readings

Final Dec HICP +0.9% m/m, +2.0% y/y (prelim +1.0% m/m +2.1% y/y)

2012 Consumer prices rose average of 2% from 2011

Today’s orderboard

Posted: 14 Jan 2013 10:41 PM PST

EUR/USD: Offers 1.3380/00 buy stops above, ahead of strong offers 1.3430 up to a 1.3450 barrier. Bids 1.3355/65, 1.3330/40 and 1.3300/10, sell stops through 1.3290.

GBP/USD: Tech pivot zone 1.6067/70 ( 55/100 day MA's). Bids 1.6020/40 (daily cloud base 1.6020). Offers initially 1.6090/00 and tech res 1.6120/25 (tenkan line 1.6123) and 1.6145/55 (Mon high 1.6155)

EUR/GBP: Bids 0.8280/90 and tech supp/bids 0.8230/40. Offers 0.8320/30 and 0.8355/60 (0.8359 April 3 2012 high)

USD/JPY: Bids 88.60/80 (importers) sell stops below and through 88.50 ahead of more bids 88.30/40 and tenkan line at 88.22. Offers now 89.10/20, 89.50/70, larger up ahead of 90.00 barrier

EUR/JPY: Bids 118.50/60 and 118.00/10, sell stops below. Offers initially 119.20/30. larger up at 119.80./00, buy stops through 120.20, ahead of offers 120.30/50 (120.50 barrier)

AUD/JPY: Bids 93.50/60 and 93.00/10. Possible sell stops down through 92.85 (tenkan line at 92.86). Offers 94.50/70 and 94.90/00 (suggested barrier 95.00)

AUD/USD: Offers 1.0560/70, larger up at 1.0585/00 (1.0600 barrier)buy stops above and again though a 1.0625 barrier. Bids 1.0520/30 and 1.0495/10 (tenkan line 1.0497) sell stops below each ahead of tech support /bids 1.0445/65 (55 day MA 1.0447, 21 day MA at 1.0464)

NZD/USD: offers 0.8450/60, some buy stops through 0.8475/80 ahead of larger offers 0.8490/00 (0.8500 possible barrier). Bids 0.8400/10 and 0.8360/70, sell stops below.