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- Spanish bonds rallying to beat the band!!
- UK December manufacturing PMI up at 09:30 GMT (Rises to 51.4!!!)
- AUD/USD holding firm ahead of 1.0500
- German December final manufacturing PMI 46.0
- Italy PM Monti: Country has overcome financial crisis, sees economic recovery at end 2013, beginning 2014
- French December final manufacturing PMI 44.6
- Italian Dec Mfg PMI rises to 46.7 from 45.1 in Nov
- Option expiries (updated)
- Spanish Dec mfg PMI falls 44.6 from 45.3 in Nov
- Spanish Dec flash CPI 2.9% y/y
- Italian 10 year govt bond yield off 6 bps at 4.45%
- Today’s orderboard
- Eurostoxx futures up 2.4% early
- Irish Dec Manufacturing PMI falls to 51.4
- EUR/USD rallies strongly in Asia
- July election to keep hawk Abe in cage
- Stocks to soar as world money catches fire, Calvinist Europe left behind
- European stocks set to rally
- Troika reports that 80% of Greek outstanding debt can’t be collected
- Today’s option expiries
| Spanish bonds rallying to beat the band!! Posted: 02 Jan 2013 02:00 AM PST Spain’s 10 year govt bond yield down to 5.169% from the 5.22% I reported earlier. This is the lowest since March 20th. Jelly and icecream for everyone……. Not doing very much for the single currency though, EUR/USD down at 1.3263. |
| UK December manufacturing PMI up at 09:30 GMT (Rises to 51.4!!!) Posted: 02 Jan 2013 01:23 AM PST Expected steady at 49.1. UPDATE: Comes in at 51.4, better than median forecast of 49.1. Highest read since September 2011.
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| AUD/USD holding firm ahead of 1.0500 Posted: 02 Jan 2013 01:11 AM PST There was some talk earlier of real money buying reactivated, but offers now building in the 1.0500/10 zone which may include some RBA commercial interest. The pair’s also being underpinned by AUD/JPY, but offers there in the 91.50/60 capping the cross at the moment ahead of a possible barrier at 92.00 and ahead of tech resistance at the Sept 2008 highs of 92.44. AUD/NZD short covering after the early fall to 1.2473 has also helped the AUD/USD with the cross back up again but floundering at offers up at 1.2550/60 ahead of the Asian highs around 1.2569 AUD’s presently at 1.0491, with the AUD/JPY at 91.43 and AUD/NZD around 1.2522
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| German December final manufacturing PMI 46.0 Posted: 02 Jan 2013 12:57 AM PST Down from flash read of 46.3. EUR/USD steady at 1.3280. UPDATE: Eurozone December final manufacturing PMI 46.1, down from flash 46.3. |
| Posted: 02 Jan 2013 12:54 AM PST
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| French December final manufacturing PMI 44.6 Posted: 02 Jan 2013 12:50 AM PST Same as flash read. |
| Italian Dec Mfg PMI rises to 46.7 from 45.1 in Nov Posted: 02 Jan 2013 12:46 AM PST And well above forecasts of 45.3, but 17th consecutive month of shrinking mfg activity Dec PMI output index jumps to 46.0 from 43.8 in Nov |
| Posted: 02 Jan 2013 12:37 AM PST For the 1000 NY/1500 GMT cut:
EUR/USD: 1.3100, 1.3250, 1.3300 GBP/USD: 1.6300 USD/JPY: 86.00, 86.40, 87.00 AUD/USD: 1.0400, 1.0450, 1.0500 EUR/GBP: 0.8050, 0.8115 USD/CHF: 0.9250 |
| Spanish Dec mfg PMI falls 44.6 from 45.3 in Nov Posted: 02 Jan 2013 12:17 AM PST 20th consecutive month of mfg shrinkage New orders index picks up to 44.2 in Dec from 42.7 in Nov
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| Spanish Dec flash CPI 2.9% y/y Posted: 02 Jan 2013 12:01 AM PST In line with November EU harmonised Dec flash CPI 3.0% y/y unchanged from Nov but below expectations of 3.2 %
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| Italian 10 year govt bond yield off 6 bps at 4.45% Posted: 01 Jan 2013 11:49 PM PST Spain 10 year govt bond yield off 4 bps at 5.22%. EUR/USD relatively steady at 1.3280. |
| Posted: 01 Jan 2013 11:36 PM PST EUR/USD: Offers 1.3300/10 (1.3308 Dec 19 high), buy stops above through 1.3320 ahead of offers 1.3340/50(1.3350 barrier). Buy stops above ahead of tech res 1.3360/80. Bids 1.3250/70, possible sell stops below ahead of more bids 1.3180/00 GBP/USD: Offers from 1.6370 up to tech res 1.6390 (Asian high 1.6381, 76.4% retracement of 1.6747-1.5234 fall 1.6390). Bids/tech support 1.6290/10 and 1.6240/50 EUR/GBP: Bids 0.8090/10, likely sell stops below ahead of tech supp 0.8040/50 (daily cloud base 0.8044). Offers 0.8145/55, tech res tankan line 0.8165, and offers 0.8180/00 USD/JPY: Offers 87.30/50 (barrier talk 87.50), likely buy stops above. Suggested bids 87.00/10 , tech supp/bids 86.60/70. EUR/JPY: Bids/tech supp 115.30/40 and 114.30/40. Offers 115.90/00 (suggested barrier 116.00) AUD/JPY: Offers 91.50/60 and 91.90/00 (barrier talk 92.00), tech res above at 92.40/45 (Sept 2008 high 92.44). Intraday tech support 90.80/00, and 89.90/00 (Asian low 89.91) AUD/USD: Offers 1.0490/00 (61.8% of 1.0585/1.0435 fall at 1.0495), . Bids/tech supp 1.0450/60, tech support 1.0435/40 (prev fibo resistance) and bids 1.0380/00. |
| Eurostoxx futures up 2.4% early Posted: 01 Jan 2013 11:02 PM PST Now that’s impressive! DAX and CAC 40 futures up 1.7% EUR/USD has tacked on some 15 pips since I first sat down, presently at 1.3282. Given the hefty rally in European stock futures that’s hardly surprising. It’ll be interesting to see if we can get above 1.3300 early doors. When all said and done, this pairing still has a rangebound feel (well it does to me) |
| Irish Dec Manufacturing PMI falls to 51.4 Posted: 01 Jan 2013 10:59 PM PST from 52.4 in Nov New orders fell to 50.9 from 51.9 in Nov |
| EUR/USD rallies strongly in Asia Posted: 01 Jan 2013 10:54 PM PST On relief the U.S. won’t be going over the fiscal cliff. We sit presently at 1.3272 having been as high as 1.3300 (EBS) Talk sell orders clustered 1.3300/20, buy stops above there. More sell orders clustered 1.3340/50 ahead of 1.3350 barrier option interest. Buy orders clustered 1.3180/00.
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| July election to keep hawk Abe in cage Posted: 01 Jan 2013 10:40 PM PST |
| Stocks to soar as world money catches fire, Calvinist Europe left behind Posted: 01 Jan 2013 10:29 PM PST |
| Posted: 01 Jan 2013 10:22 PM PST On relief the U.S. ain’t going over the fiscal cliff. Financial bookies see FTSE up around 1%, DAX up around +0.5% and CAC 40 up around +1.2%. |
| Troika reports that 80% of Greek outstanding debt can’t be collected Posted: 01 Jan 2013 10:12 PM PST And advises the Greek government to dip into debtors bank accounts and review its policy regarding debt write offs. The call comes after expired debts from Jan-Nov soar to 12 bln euros from 11 bln in the 1st 10 months of 2012, according to the Finance Ministry
More.. ekathimerini |
| Posted: 01 Jan 2013 10:03 PM PST For the 1000 NY/1500 GMT cut: So far just these, but i will try and update later EUR/USD: 1.3100 AUD/USD: 1.0400, 1.0450 EUR/GBP: 0.8050, 0.8115 USD/CHF: 0.9250 |
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