BUY FXO Forum Shares
1316
Shares in the BANK:
We BuyWe Sell
$1.812$1.868
Page 1 of 2 12 LastLast
Results 1 to 15 of 27

Thread: forex today news

  1. #1
    In Profit
    Join Date
    May 2007
    Location
    jordan
    Posts
    216
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default forex today news

    Forex
    Source - Thomson Financial News

    Dollar steady ahead of US data

    LONDON - The dollar is steady ahead of this afternoon's US data at the end of a week in which there were no major surprises from the world's leading central banks.

    US retail sales and producer price data will be in focus this afternoon, with the pound/dollar cross likely to be in the spotlight following yesterday's decision by the Bank of England to only increase its key repo rate by a quarter point to 5.50 pct. The pound fell as some sections of the market had expected a bigger increase.

    The retail sales news will be particularly interesting after poor trading updates yesterday from individual US retailers, such as Wal-Mart Stores, JC Penney and Federated Department Stores.

    "We saw a run of bad numbers from the US retailers yesterday, so assuming this is reflected in today's readings, the pound may end up finding its floor against the dollar in the not too distant future," said David Jones, chief markets analyst at CMC Markets.

    Analysts polled by Thomson Financial News expect retail sales to have risen 0.3 pct in April after rising 0.7 pct in the prior month, while sales excluding autos are seen rising 0.4 pct in the month, after having risen 0.8 pct.

    The producer price data will also be important given the US Federal Reserve's concerns over pipeline inflationary pressures.

    The dollar has also been supported by comments from US President George Bush and US Treasury Secretary Henry Paulson. The latter said that a strong dollar was in his nation's interest, while Bush issued a statement that said he would attempt to lower trade barriers to attract foreign investment.

    Elsewhere, the yen remained firm on fears that carry trades will be unwound in the wake of sharp falls on US and Asian stock exchanges overnight.

    London 1220 BST London 0915 BST


    US dollar
    yen 119.85 down from 119.86
    sfr 1.2189 down from 1.2191

    Euro
    usd 1.3481 up from 1.3478
    yen 161.63 up from 161.59
    sfr 1.6436 down from 1.6437
    stg 0.6814 down from 0.6815

    Sterling
    usd 1.9782 up from 1.9773
    yen 237.15 up from 236.99
    sfr 2.4110 up from 2.4109

    Australian dollar
    usd 0.8295 up from 0.8286
    yen 99.44 up from 99.34
    stg 0.4193 up from 0.4189

  2. #2
    In Profit
    Join Date
    Apr 2007
    Posts
    121
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    1538 GMT [Dow Jones] Germany`s economic expansion likely slowed in early `07 as VAT hike hit private consumption. German GDP is seen +0.3% quarter-on-quarter, after +0.9 in 4Q, a Dow Jones poll of 21 economists shows. Plunging retail sales and net exports are seen dragging down growth rate. But investment spending remained buoyant in 1Q, and strong manufacturing orders and high business confidence point to a pickup in growth in 2Q, say economists. Data due 0600 GMT Tuesday. (NMK)

    1531 GMT [Dow Jones] Tsys a touch weaker early Monday afternoon in slow, range-bound trade as investors await Tuesday`s consumer price index for more direction. Core CPI for April is expected to tick up a touch. The 2-yr note is down 1/32 at 4.72% and the 10-yr is down 3/32 at 4.68%. "I don`t know if you can hang a hat on anything today," said Raymond Remy, head of fixed income at Daiwa Securities America in New York. Volumes are very light and stocks are a non-factor, he said. "It`s just a slow grind lower," said Remy. "More than anything, we`re waiting around for more data tomorrow." (DLB)

    1528 GMT [Dow Jones] Word from the trading floor that a large investment bank recently bought 1,700 Jun S&P`s at the day`s low of 1510.10, and was attempting to buy more. Jun S&P`s recently at 1511.40, down 0.8 points. (HLP)

    1519 GMT [Dow Jones] Turkish bonds and TRY are stronger, on positive expectations ahead of US CPI figures due Tuesday. TRY trades at 1.3340 versus the USD, from 1.3380 Friday while the yield on the benchmark government bond ends trade at 18.94%; from 19.12% Friday. Traders expect USD/TRY to trade in a 1.3300-1.3400 range while the benchmark government bond is expected to trade between 18.8% and 19.1% in the short term. Analysts say possible new developments on presidential and parliamentary elections, the Central Banks monthly inflation report this week and US CPI data due Tuesday will be eyed, for direction. (IHA)

    1506 GMT [Dow Jones] Munis trading quietly unchanged as traders appear content with current new-issue levels and as they await pricing of this week`s roughly $8.5 Bln calendar that includes a number of offerings in $500 Mln to $750 Mln range. A few small arb lists out for bids but not pressuring market. Meanwhile, this week should see some seasonal stength as dealers and traditional buyers could start looking for bonds to position ahead of June-July reinvestment period, says Municipal Market Advisors` Matt Fabian. (SDR)
    1503 GMT [Dow Jones] The euro remains stronger against the dollar, but is reducing some of its overnight gains that came on the heels of a stronger-than-expected report on factory activity in the 13-nation euro-zone. Traders said the data simply reinforced that the euro-zone economies remain relatively robust. Meanwhile, the dollar and euro remain stronger against the yen as investors add to their yen-funded carry trade positions before the BOJ`s rate decision Thursday, where it`s likely to keep rates on hold at just 0.50%. Recently, the euro was trading at $1.3538 from $1.3526 late Friday, while the dollar was at Y120.36 from Y120.15, according to EBS. The euro was at Y162.96 compared with Y162.52 late Friday. (DKM)

    1454 GMT [Dow Jones] Fannie Mae (FNM) will issue a $3B 5-yr benchmark note and will reopen their 10-yr benchmark for an additional $1B. Pricing for both issues scheduled for Weds., May 16. (KAG)

    1449 GMT [Dow Jones] The Hungarian government is very unlikely to agree to scrapping the HUF`s trading band against EUR, Lehman Brothers says, quoting Hungarian MPC members. It wasn`t in the government`s interest to favor a stronger HUF while the external sector is the sole driver of growth, they say. Lehman notes that views within the MPC on abandoning the trading band do differ. (EHB)

    1446 GMT [Dow Jones] Hungarian interest rates could go below 6.0%, which was the floor during the previous rate cut cycle, from the current 8.0% by the time the central bank is done with its easing cycle, Lehman Brothers says. The total size of the coming rate cuts will depend on market reaction and on possible future fiscal measures, MPC members said. Key external risk is the expected simultaneous ECB hiking cycle, they added. Lehman notes the central bank`s May meeting, when the new inflation report will be presented, would be a reasonable time to start the easing cycle. (EHB)

    1440 GMT [Dow Jones] Ecuador`s risk premiums are sharply tighter after the Economy Ministry says it has ordered a timely $30.6 million coupon payment on the country`s Global 2012 bonds. The payment is scheduled for Tuesday. On JPMorgan`s Emerging Markets Bond Index Plus, Ecuador`s risk premium is 21 bps tighter at 621 bps over Tsys, with positive returns of 1.4%. The overall EMBI+ is 1 bp tighter at 162 bps over Tsys. Goldman Sachs says in a Monday research note that the government "is also likely to meet the June and August coupon payments while it continues to review debt restructuring alternatives." Ecuador`s next coupon payments are $30.8M for the Global 2015s in June and $135M for the Global 2030s in August. (WLW)

    1436 GMT [Dow Jones] Mexico`s peso opened firm against the dollar, being quoted in Mexico City at MXN10.8030 around 1930GMT, compared with MXN10.81 at the close Friday. Local interest rates continue to support the currency following the central bank`s April 27 monetary tightening. The yield on the closely watched 10-year government bond due 2015 was flat at 7.65%. (ARH)

    1436 GMT [Dow Jones] Switch from Greene King (GNK.LN) 2034 bonds into Southern Water 2026 bonds for a 5bp spread pickup and a 13bp yield pickup, says Royal Bank of Scotland. The bank thinks Greene King spreads are too tight on unjustified redemption and buyback speculation. "We do not expect pub companies to convert to REITs, and we would expect Greene King to be among the last to adopt any form of new financing structure," RBS says. (MWI)

  3. #3
    In Profit
    Join Date
    Apr 2007
    Posts
    121
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    1608 GMT [Dow Jones] USD/JPY vols dipped Monday in New York as the dollar gained against the yen. One-month USD/JPY implied volatilities are at 6.30%/6.70%, down from 6.55%/6.85% in Tokyo and 6.40%/6.80% in New York Friday. One-month EUR/USD implied vols are 5.0%/5.30% versus 5.10%/5.40% in Tokyo and 5.20%/5.40% in New York Friday. One-month EUR/JPY implied vols are at 6.60%/7.0% from 6.95%/7.15% in Tokyo and 6.80%/7.10% in New York Friday. One-month risk reversals favor yen call/dollar put at 1.0%/1.40% versus 1.10%/1.40% in Tokyo and 1.0%/1.40% Friday in New York. (DKM)

    1557 GMT [Dow Jones] The Colombian peso is surging against the dollar Monday, with the greenback recently breaking below the psychological COP2,000 threshold for the first time in seven years. The dollar touched an intra-day low of COP1,995, but recently climbed back up to just around the COP2,000 mark, from COP2,013 late Friday. Alberto Bernal, an economist for the Bear Stearns investment bank in New York, said the central bank may announce new measures to stop the peso appreciation, including prepaying external debt, reintroducing more strict controls on capital inflows and "in the worst scenario imposing a fixed exchange rate," he said. (DKM)

    1553 GMT [Dow Jones] Merisant Co.`s 9.5% bonds due `13 are up 3 points to 95 cents on the dollar Monday. Late Friday, the company reached a settlement with McNeil Nutritionals, the details of which were confidential. Merisant makes Equal while McNeil makes Splenda. Merisant accused McNeil of confusing consumers into thinking Splenda was healthier and more natural than other artificial sweeteners, the AP reported. McNeil countered it simply has a better product backed by superior advertising. Merisant was seeking more than $200 million from McNeil - at least $183 million for unfair profits since 2003 and compensation for at least $25 million in lost sales. (CLK)

    1542 GMT [Dow Jones] The high-grade corporate bond market is firm, led by bonds of DaimlerChrysler (DCX), which has said this morning that it is planning to sell about 80.1% of its struggling US division, the Chrysler Group, to Cerberus. DaimlerChrysler`s 8.5% bonds due 2031 are trading 16 bps tighter at 129 bps, according to data from MarketAxess. They are the most traded bonds in the high-grade market today with 12 trades. In the primary market, there`s a slew of small deals - between $250M and $400M - from financial services companies. And Xerox (XRX), which is now rated investment grade by the three main agencies, is selling a $750M 5-yr deal with a change of control at 101% (MCN)
    1539 GMT [Dow Jones] Preliminary price guidance is out for Xerox (XRX) $750M 5-yr offering of senior notes in the area of Tsys + 100 bps, according to a syndicate source. (Baa3/BBB-) (MCN)

    1538 GMT [Dow Jones] Germany`s economic expansion likely slowed in early `07 as VAT hike hit private consumption. German GDP is seen +0.3% quarter-on-quarter, after +0.9 in 4Q, a Dow Jones poll of 21 economists shows. Plunging retail sales and net exports are seen dragging down growth rate. But investment spending remained buoyant in 1Q, and strong manufacturing orders and high business confidence point to a pickup in growth in 2Q, say economists. Data due 0600 GMT Tuesday. (NMK)

    1531 GMT [Dow Jones] Tsys a touch weaker early Monday afternoon in slow, range-bound trade as investors await Tuesday`s consumer price index for more direction. Core CPI for April is expected to tick up a touch. The 2-yr note is down 1/32 at 4.72% and the 10-yr is down 3/32 at 4.68%. "I don`t know if you can hang a hat on anything today," said Raymond Remy, head of fixed income at Daiwa Securities America in New York. Volumes are very light and stocks are a non-factor, he said. "It`s just a slow grind lower," said Remy. "More than anything, we`re waiting around for more data tomorrow." (DLB)

    1503 GMT [Dow Jones] The euro remains stronger against the dollar, but is reducing some of its overnight gains that came on the heels of a stronger-than-expected report on factory activity in the 13-nation euro-zone. Traders said the data simply reinforced that the euro-zone economies remain relatively robust. Meanwhile, the dollar and euro remain stronger against the yen as investors add to their yen-funded carry trade positions before the BOJ`s rate decision Thursday, where it`s likely to keep rates on hold at just 0.50%. Recently, the euro was trading at $1.3538 from $1.3526 late Friday, while the dollar was at Y120.36 from Y120.15, according to EBS. The euro was at Y162.96 compared with Y162.52 late Friday. (DKM)

  4. #4
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Market Directions - Sunday, May 27, 2007

    * American and Chinese trade negotiators fail to make substantive progress at the Strategic Economic Dialogue (SED) talks in Washington
    * The Shanghai Composite Index has a wild week, dropping 3.5% on Monday in reaction to PBOC rate adjustment on Friday, but ending the day 1% higher. Class B shares, for foreign investors, fall 7.9% then recover 8.7% on Allan Greenspan's waning of a possible "dramatic contraction" in Chinese equities.
    * The Japanese Yen continues to depreciate, predicting little real adjustment in the Yuan. No end to the carry trade in sight.
    Is Cookin!!!

  5. #5
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    The Week in Review

    China
    The Strategic Economic Dialogue (SED) between China and the United States concluded on Wednesday in Washington with a bland statement from Secretary Paulson and Vice Premier Wu Yi expressing mutual respect, an appreciation of the importance of the Sino American relationship to the world economy, a promise to consult, and little else. Before the SED American concerns centered on three areas: increasing US exports to China, addressing Yuan undervaluation, and assuring American intellectual property rights in the China. While the Chinese Central Bank moves last Friday are indicative of certain flexibility in the Yuan exchange rate, they do not address the remaining US issues. If the Chinese delegation hoped to convince US officials during the talks that more changes are coming they seem to have been unsuccessful.

    There were no additional commitments by the Chinese for currency revaluation, or intellectual property rights, though the statement did mention "significant items in financial services, energy and ...the environment and civil aviation", without supplying particulars. There was small expectation that these talks, really just the public face of long term bilateral trade negations between the Peoples Republic of China and the US, would produce any substantive result but given the difficulties in the relationship some concrete results would have been welcome. However, the Chinese diplomatic positioning last Friday just before the talks via the People's Bank of China (PBOC) announcements cannot have pleased their American hosts. The rather transparent attempt to sway public and Congressional opinion has probably backfired.

    In the American Congress the Chairman of the House Ways and Means Committee, Charles Rangel, Democrat of New York, promised that he would be "moving forward" with China tariff legislation. If the Chinese had hoped to mitigate Congressional protectionist sentiment and head off a move to declare the Yuan a manipulated currency with last Fridays currency and rate policy changes they have clearly failed. The bill was introduced into the House of Representatives Wednesday by Representatives Tim Ryan and Duncan Hunter which would allow the Commerce Department to impose duties on Chinese Goods to offset the "subsidy" effect of Beijing's currency rate policies. While it is not likely that the bill would be passed by the Congress or that President Bush would sign such a measure, it is one more sign of the increasing protectionist pressures in the Congress

    The initial reaction of the Shanghai Stock Exchange on Monday morning to the PBOC currency and rate moves the previous Friday was dismay, the Shanghai Composite Index fell over 3.5% in the first hour of trading. But investors and punters soon regained their confidence that the economy would not be unduly affected by the PBOC adjustments and the Composite Index closed 1% higher on the day. By Friday the Index had fully recovered closing at 4179.78, up 56.2 % on the year, after posting a new intra day record of 4208.3. The Shanghai Exchange trades with different share classes for foreign and domestic investors, class A shares for domestic owners and B shares for foreigners. The Shanghai Composite Index includes both share classes. Though the large rise in Chinese equities this year has often be attributed to the excess of liquidity washing through the bank account of domestic investors, Class A shares, the domestic version, have only risen 53% year to date. Class B shares, the foreigner's preserve, have rocketed 125% higher. Though the increase in the deposit interest rate and the reserve requirements by the PBOC were aimed primarily at domestic investors, it seems those domestic investors are not yet concerned. It is the foreigners who are most avidly speculating and they were largely unaffected by the PBOC moves.

    On Wednesday Alan Greenspan the former chief of the American Federal Reserve Bank warned of a possible "dramatic contraction" in Chinese equities. The market immediately recoiled but the two share classes reacted very differently. Class B shares, owned by non citizens, fell 7.9%, but A class shares, the citizen variety, were down only 1.3%. Though both classes recovered the following day, B shares rising 8.7% the disparate reaction was instructive; or perhaps not. While Mr. Greenspan is an iconic figure in western finance he is unknown to most domestic Chinese investors; certainly his pronouncements have no market weight in the Middle Kingdom.
    Is Cookin!!!

  6. #6
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Europe
    To no one's surprise Nicholas Sarkozy, the new French President, has said that he is fully in favor of an independent European Central Bank (ECB). His criticism of ECB rate policy during the recent election when he suggested it should focus more on growth than inflation, was dismissed as a mere difference of opinion. "I have never called into question the independence of the ECB", stated Mr. Sarkozy. With the election over Mr. Sarkozy will have his hands full convincing French workers and students to help him in reforming the sclerotic French economy. Jean Claude Trichet, the current (and French) ECB President, who has long called for productivity reforms in Europe business, is an obvious ally in that struggle.

    The minutes from the Bank of England Monetary Policy Committee meeting where the last 0.25% rate hike was debated revealed a 9-0 vote for the increase. Most bank observers had not expected the unanimous decision; also somewhat surprising was the discussion by several members of the validity of a 0.5% hike, though in the end all members went along with the smaller rise. In all estimation this secures the debate for another 0.25% boost this year with only the timing unsaid. Or to put it in the MPC's own words, "the committee agreed that should the economy continue to develop broadly in line with the central expectations the bank rate could be raised further as necessary".
    Is Cookin!!!

  7. #7
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Japan
    The Japanese Yen has depreciated more than 1% in the past two weeks and there is no sign of traders deserting the carry trade for safer and less profitable pastures. Economic conditions in Japan, and government and Bank of Japan attitudes argue for an extremely slow pace to rate hikes. Worldwide low volatility and ample liquidity support the 'trade' an asset whose owners are not losing sleep over surprise central banks rate changes.
    Is Cookin!!!

  8. #8
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    United States
    A telltale week for the American economy, with a long string of statistical releases scheduled, culminating with Friday's Non Farm Payroll (NFP) number, often as not the arbiter for Dollar gains or losses. Over 40 indicators of varying importance are on tap in four days; American markets are closed Monday May 28 for the Memorial Day holiday.

    The minutes of the May FOMC meeting are issued Wednesday at 2:00 pm. Although it is rare for any important information to be contained in these edited transcripts the market will be sure to be alert for any possible nuances.

    Tuesday brings the Conference Board Consumer Confidence number for May, 105 is forecast. The April reading of 104 was the lowest since last August. The University of Michigan Consumer Sentiment for May is out on Friday, 88 is forecast, and April was 88.7. Thursday the first revision to Q1 GDP is released. Predictions are for the 1.3% advanced number to be revised down to 0.8%. The Chicago Purchasers Index is also released on Thursday, May is expected to be at 54, 1.1 better that April.

    Friday is the main event with the May NFP number and the unemployment rate issued at 8:30 am. Median expectation is for 135,000 jobs to have been created and for the unemployment rate to remain at 4.5%. Several major US indicators have been improving and the risk is for a better than expected release. The Usd could pick up considerable support from a good figure. Manufacturing ISM for May is out at 10:00 am. 54.0 is s predicted a small drop from the April result of 54.7.
    Is Cookin!!!

  9. #9
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Eurozone
    Money supply (M3) figures for April are issued on Wednesday. This is one of the ECB's two most often cited statistics, the other being the HICP inflation rate. The target M3 expansion rate is 8%, April was 10.9% and May is expected to be little better at 10.7%, with the 3 month moving average at 10.5%. The first issue or 'Flash' HICP for May number is out one hour after the M3 number, 1.9% is forecast, April was 1.8%. If the prediction is correct European inflation will then have been below the 2.0% ECB target for more than six months. The EMU unemployment rate is expected to remain at 7.2% in April; this rate covers all the countries participating in the Euro.
    Is Cookin!!!

  10. #10
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Germany
    The seasonally adjusted unemployment rate for May is released on Thursday, a slight improvement to 9.1% is predicted; the April rate was 9.2%. The Reuters Manufacturing PMI for May 1s issued June 1st, 57.2 is expected, April was 57.0
    Is Cookin!!!

  11. #11
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    TOKYO (AP)--Japan's agricultural minister died Monday after reportedly hanging himself just hours before he was to face questioning in parliament in a political scandal, officials said.

    Toshikatsu Matsuoka, 62, was found in his apartment Monday unconscious and rushed to a hospital, where he was declared dead hours later, a Tokyo Metropolitan Police official said

    "We've confirmed that Agriculture Minister Toshikatsu Matsuoka is dead," said Yasuhisa Shiozaki, the chief government spokesman. "We are greatly saddened."

    Shiozaki said police were still investigating the cause of death, and he couldn't officially confirm it was a suicide.
    Japanese media reported he had been found hanging in his apartment, along with a suicide note, and efforts to resuscitate him at the hospital failed

    Prime Minister Shinzo Abe said although Matsuoka had been "under intense questioning" in parliament, he continued to "use his expertise."

    "I am very disappointed," he said.

    Matsuoka had faced heavy criticism over a scandal involving suspicious bookkeeping practices in his offices, and was scheduled to appear before a parliamentary committee Monday afternoon for further questioning.

    He was under fire for allegedly claiming more than Y28 million in utility fees even though he rented a parliamentary office, where utility costs are free. Opposition lawmakers had demanded his resignation, but Matsuoka claimed no wrongdoing.
    Abe had defended Matsuoka, saying the agriculture minister reported to him all the alleged issues were properly handled and his dismissal wasn't needed.
    Is Cookin!!!

  12. #12
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Speculators sharply cut their net short USD positions against the six major currencies as of May 22, says Standard Chartered. Says the short positions were cut to -$5.5B, down from -$18.68B the previous week. This was due to reductions of short USD positions versus EUR, GBP and AUD, adds the bank. (PCN)
    Is Cookin!!!

  13. #13
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    BOJ FUKUI: NO SET TIMETABLE FOR NEXT RATE HIKE - REPORT



    Bank of Japan Gov. Toshihiko Fukui said that there isn't a set timetable for when the central bank will next raise interest rates, Asahi Shimbun reports. "We don't have forecast (for the next rate hike) and have no intention of raising rates at certain intervals," Fukui said in an interview with the newspaper.
    Is Cookin!!!

  14. #14
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    GERMAN PRELIM MAY CPI DUE FOR RELEASE ON MAY 29
    Inflation usually rises slightly or is stable in the month of May,
    with clothing prices typically lower, while recreation, hotel and
    restaurant prices tend to rise. Indeed, similar dynamics have
    been at play this time, with higher oil prices in the past few
    months registering in the energy and transportation components,
    according to data from the first 4 of the 6 reporting states. Of
    these, Saxony and Hesse CPI were on the soft side, but
    countered by firmer Brandenburg and steady NRW. Note,
    January's VAT hike, which does not appear to have been passed
    on in full may have limited discounting, which could bias the
    monthly rate of inflation slightly higher. In annual terms, CPI
    should be stable, however, with inflation on harmonised basis
    also seen flat at 2% as we

    % Nov Dec Jan Feb Mar Apr May F
    M/M -0.10 0.80 -0.20 0.40 0.30 0.40 0.20
    Y/Y 1.50 1.40 1.60 1.60 1.90 1.90 1.90
    EU-Harm Y/Y 1.50 1.50 1.80 1.80 2.00 2.00 2.00
    Is Cookin!!!

  15. #15
    In Profit
    Join Date
    May 2007
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    EUROZONE WEEK AHEAD
    Some important data on the way in the Eurozone week ahead
    with inflation and sentiment numbers dominating. At the EMU
    level, April M3 numbers get the ball rolling on Wednesday with
    some tapering from the record 10.9% y/y pace of March
    envisaged. Flash CPI figures for May are up on Thursday with
    more slippage in headline measures probable given lower oil
    prices for much of the month. Broader sentiment indicators
    come at the same time and may edge lower from high levels in
    line with national business confidence measures. The
    manufacturing PMI should remain elevated on Friday as well
    while Q1 GDP revisions carry risks to the upside given the most
    recent data run. There are plenty of national numbers on the
    cards too with preliminary German CPI highlighting on Tuesday,
    the Italian measure on Thursday, along with French consumer
    confidence and of course the individual PMIs.
    Is Cookin!!!

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2016 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us