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German PPI down 0.4% in December, a 0.1% rise was expected

Written January 20, 2012 at 2:03 AM EST by Vincent Facchino 

Eur/Usd has come off 7 pips to 1.2968 on heels of news.

Archived in Forex News

Philadelphia Fed Data Fall to 7.3, Prior and Survey Both 10.3

Written January 19, 2012 at 10:00 AM EST by Lawrence Fayman 

January 12′ vs. December 11′
Prices-Received: 11.2  vs 10.3
Futures Index: 49.0 vs 40.0
Prices-Paid: 31.8 vs 30.4
New Orders: 6.9 vs 10.7
Employment: 11.6 vs 11.5

Archived in Economic Statistics, Forex News

US Philadelphia Fed Survey Due at 10AM

Written January 19, 2012 at 9:02 AM EST by Lawrence Fayman 

Archived in Economic Statistics, Forex News

Jobless Claims Lowest Since April 2008, CPI & Housing Starts Weaker, Building Permits Stay the Same

Written January 19, 2012 at 8:33 AM EST by Lawrence Fayman 

Consumer Price Index(MoM):   Survey:  0.1%    Actual: 0.0%   Prior:  0.0%  

CPI Ex Food & Energy(MoM):    Survey: 0.1%    Actual: 0.1%   Prior: 0.2%   

Housing Starts:    Survey: 680K    Actual: 657K    Prior: 685K   

Housing Starts (MoM)%:    Survey: -0.7%    Actual: -4.1%    Prior:  9.3%    Revised:  9.1%

Building Permits:    Survey: 679K    Actual: 679K    Prior: 681K    Revised: 680K

Building Permits (MoM)%:    Survey: -0.2%    Actual:  -0.1%    Prior:  5.7%    Revised: 5.6%

Jobless Claims:  Survey:  384K    Actual: 352K   Prior: 399K    Revised:  402K   

Continuing Claims:  Survey: 3590K    Actual:  3432K    Prior:  3628K  Revised: 3647K

Archived in Economic Statistics, Forex News

Fitch expects rating downgrade in 6 Eurozone countries

Written January 19, 2012 at 4:19 AM EST by Vincent Facchino 

Ratings review should conclude by end of month.

Eur/Usd dropped to 1.2868 on news.

Archived in Forex News

Bundesbank Dombret says global investors should buy euro sovereign debt

Written January 19, 2012 at 4:08 AM EST by Vincent Facchino 

* markets are undervaluing Eurozone efforts

* Europe sovereigns deserve more confidence

Archived in Forex News

E/Z Current Account

Written January 19, 2012 at 4:05 AM EST by Vincent Facchino 

E/Z current account came in at a 1.8 bln deficit, a surplus of 0.5 bln was expected..

Eur/Usd has just come off recent highs by 15 points to 1.2878.

Archived in Forex News

ECB’s Asmussen on Securities Market Program

Written January 19, 2012 at 2:57 AM EST by Vincent Facchino 

 * ECB cannot use its bond-buying program to prop up troubled euro zone states forever

 * governments bear the main responsibility for fighting the debt crisis

  * The SMP (Securities Markets Program) is neither unlimited nor can it last forever

 * sees no inflationary danger from the SMP program, goal of the SMP is to improve market conditions

 * ECB has a mandate to contribute to the stability of financial markets

 * This crisis is not a euro crisis but rather a crisis of state debt

 

 

Archived in Forex News

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