Talks are at an advanced stage, and should be concluded by the end of the month Luxembourg state to take a minority stake in Dexia BIL Luxembourg Should be no concerns over Dexia BIL deposits, the bank is stable and profitable  

2012 forecast revised down to +1% from + 1.8%

Holding firm after a quick peek over 1.5500, and sitting around 1.5485 now. Some talk of stops now on move up through 1.5520 before more offers at 1.5550

LONDON (MNI) – The UK service sector output saw a modest rise at the start of the third quarter, rising 0.2% in July versus the previous month. The National Statistics data showed services output rose 1.3% on the year, with all sectors up on the year led by business services and finance, which were up [...]

Public support for lenders should be a last resort, and a Greek exit from the euro would be a “tragedy” Inability to devalue the euro is the “price we pay” for european union. Urgently need sovereign debt solution EU state aid necessary in case of “huge” bank bailouts The antitrust commissioner was speaking at  a [...]

We’re up at 0.9735 having taken out those stops through 0.9710/25 and  tapped a high of  0.9747 I haven’t heard of any further orders at the moment but scouting around….

–UK Q3 Car Registrations Down 0.7% on Year –SMMT: Car Registrations On Track To See 5% Fall From 2010 LONDON (MNI) – UK car registrations are running below year ago levels and the latest data suggest registrations in 2011 are set to fall around 5% from 2010, according to the Society of Motor Manufacturers and [...]

Despite some reported decent selling from eastern European names around the 1.3380 level, were pushing higher again towards buy stops supposedly through 1.3400 and 1.3410. EUR/USD’s sitting at 1.3395

EUR/USD spikes to 1.3387 on the headline before easing back to 1.3375

Recent rally apparently attributed to some strong buying from a major US bank. AUD’s just logged a day’s high of 0.9706 and there’s suggestions of stops now from 0.9710 up to o. 9725, before more offers in the 0.9735/50 area

– Repeats Version First Transmitted Wednesday LONDON (MNI), Oct 5 – The following table shows analysts’ forecasts for issues surrounding a potential second round of quantitative easing from the Bank of England Monetary Policy Committee. The highlights are that it shows analysts see a 90% cumulative probability of more QE by February next year, with [...]

–Repeats Version First Transmitted Wednesday –MNI Survey Shows Analysts Attach 90% Median Probability To More QE –Analysts Attach Three-in-Four Chance To More QE By November –Outcome of Oct MPC Meeting Uncertain; Just Over 40% Chance More QE LONDON (MNI) – Analysts believe that it is highly likely that the Bank of England’s Monetary Policy Committee [...]

–BOE Gilt Buys Could Tilt Towards Longer End As QE Gets Going –Some Analysts Skeptical BOE Will Announce Targeting Longer End LONDON (MNI) – If the Bank of England’s Monetary Policy Committee does relaunch quantitative easing (QE) analysts expect QE2 to look pretty much like QE1, with the one hot topic of debate being whether [...]

Apparently old range lows at  1.2435 represents strong resistance on EUR/CHF ahead of the 60 week average, which has capped trading for the last 3 years… so a friend with long reaching charts tells me ? NB. 200 day MA is at 1.2339 which the market hasn’t closed above since April

–September House Prices Down 0.5% m/m; Down 2.3% 3m y/y –July to Sep House Prices Up 0.1% Vs April To June LONDON (MNI) – UK house prices fell on the month in September but posted a very small gain on a three monthly basis, according to the Halifax house price survey. House prices were down [...]

Hearing the ubiquitous bank has bids sitting on machines at 1.3315/20 level

Above market  consensus of flat and +0.3% respectively

Fx reserves for August were  253.4 bln swiss

UK DATA: UK Halifax house price index falls 0.5% on month, down 2.3% on year.

Corporate buyers reportedly led a tear higher to 1.2430, following comments from the Swiss State Secretariat earlier. The cross has since eased back around 1.2365… crazy stuff…. UPDATE: My spies now tell me a barrier at 1.2400 was flushed out on that spike