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- Eurozone Trade Balance – December + euro 11.7 billion
- UK gilts extend gains after Retail Sales –
- Pound sharply lower after poor UK Retail Sales data
- More on UK Retail Sales data- biggest fall since April 2012
- UK Retail Sales January -0.6 % mm – 0.6 % yy
- UK Retail Sales data coming up at 09.30 gmt
- More Draghi – Q4 GDP “worse than expected”
- Draghi – LTRO repayment shows that confidence in EMU is returning but fragility remains
- Draghi – doesn’t see deflation in EZ. Interest rates “very low indeed”
- ECB President Draghi on the wires
- EURGBP lower – UK clearer notable seller
- EURJPY hits 2 week lows of 123.11
- EU’s Rehn says G20 countries should focus more on reforms than short-term fiscal and monetary stimulus
- European equities – lower in early trading
- Cable breaches 1.5535
- Bundesbank’s Weidmann- euro rate broadly in line with fundamentals
- GBPUSD offers at 1.5535
- ECB’s Asmussen- exchange rate policy should not distract from reforms
- News Alert : ECB’s Asmussen says currencies should be market based…
- EURUSD order board- offers noted at 1.3400 & 1.3420
| Eurozone Trade Balance – December + euro 11.7 billion Posted: 15 Feb 2013 02:01 AM PST in line with forecasts
I don’t expect any impact though, particularly with everything else going on..
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| UK gilts extend gains after Retail Sales – Posted: 15 Feb 2013 01:55 AM PST Gilts were heading higher all morning but jumped by more than 10 ticks to session highs of 115.82 after the data |
| Pound sharply lower after poor UK Retail Sales data Posted: 15 Feb 2013 01:48 AM PST Well, that was a bit painful for the GBP longs…. Cable posted lows so far of 1.5470 ( 6 1/2 month lows ) from pre-data levels around 1.5530.. Talk of decent size bids on the lows but expect any rallies above 1.5500 to be sold to fill the gaps Newswires permitting of course… |
| More on UK Retail Sales data- biggest fall since April 2012 Posted: 15 Feb 2013 01:42 AM PST
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| UK Retail Sales January -0.6 % mm – 0.6 % yy Posted: 15 Feb 2013 01:30 AM PST Ouch……… versus expectations of + 0.4 % mm and 0.8% yy You can’t say I didn’t warn you ! Snowy January cited… Yep and the rest… GBPUSD 1.5480 EURGBP 0.8620 |
| UK Retail Sales data coming up at 09.30 gmt Posted: 15 Feb 2013 01:11 AM PST UK retail sales data for Jan coming up at 09.30 gmt
Forecasts are for this data to show an improvement in January. Can't quite see it myself……..
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| More Draghi – Q4 GDP “worse than expected” Posted: 15 Feb 2013 01:05 AM PST more from his chat just now well, he would say that of course…. EURUSD still around 1.3335
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| Draghi – LTRO repayment shows that confidence in EMU is returning but fragility remains Posted: 15 Feb 2013 12:58 AM PST adds that ” he can’t say all is in good order “…. Too right ! EURUSD 1.3336 EURGBP 0.8585 EURJPY 123.27 |
| Draghi – doesn’t see deflation in EZ. Interest rates “very low indeed” Posted: 15 Feb 2013 12:55 AM PST More from Mr Draghi, Still talking…. |
| ECB President Draghi on the wires Posted: 15 Feb 2013 12:45 AM PST I will keep updating here Add:
EURUSD posted 1.3311 lows taking out good size bids at 1.3320 Now 1.3328 Lively enough out there for you ?
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| EURGBP lower – UK clearer notable seller Posted: 15 Feb 2013 12:44 AM PST UK clearing bank notable seller after the post-Weidmann rally to 0.8633 Lows of 0.8574 so far adding to euro weakness overall Yesterday I talked about buying this pair on the dip and we did indeed see a decent rally, but I’d be more cautious right now. |
| EURJPY hits 2 week lows of 123.11 Posted: 15 Feb 2013 12:26 AM PST With USDJPY getting slapped on each rally traders are selling EURJPY again, giving EURUSD this push back down to pre-Weidmann comments lows. This was always going to be a bumpy ride this morning and so it’s proving.. Discretion the better part of valour methinks again… Add: Buyers reported at 123.00 ahead of 122.86 ( Dec 10th support line ) |
| Posted: 15 Feb 2013 12:18 AM PST Seems like reform is the buzz word of the morning… EURUSD lower again 1.3336 posted |
| European equities – lower in early trading Posted: 15 Feb 2013 12:14 AM PST Mostly a tad lower…
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| Posted: 15 Feb 2013 12:04 AM PST Offers finally cleaned out Stops kicking in Currently 1.5547 Next offers reported at 1.5570 Add: Ouch, that was horrible.. sharp spike to trigger stops then sell again.. 1.5533 now.. high posted 1.5550 |
| Bundesbank’s Weidmann- euro rate broadly in line with fundamentals Posted: 14 Feb 2013 11:50 PM PST Says he cannot say Euro is seriously overvalued… Ambiguous… i’m checking more info… Add:
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| Posted: 14 Feb 2013 11:41 PM PST plenty of talk out there of decent offers around 1.5535 certainly putting a lid on it at the moment ….. |
| ECB’s Asmussen- exchange rate policy should not distract from reforms Posted: 14 Feb 2013 11:27 PM PST More from Mr Asmussen… Leaving room in his comments for a bit of alternative action methinks….. More :
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| News Alert : ECB’s Asmussen says currencies should be market based… Posted: 14 Feb 2013 11:19 PM PST talking on the radio… Market based without fixed targets… Keeping with the party line on that one for the moment… |
| EURUSD order board- offers noted at 1.3400 & 1.3420 Posted: 14 Feb 2013 11:03 PM PST As we’ve just seen there’s a few offers out there between 1.3390-1.3400 Stop loss buying orders if we break above 1.3400 More offers in place 1.3420 Bids lining up at 1.3350 and of course on yesterday’s lows of 1.3315-20 |
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