Just been told that there’s been some steady selling of EUR/AUD this morning from a fund but the order apparently is now completed . EUR/AUD’s around 1.3725 having been as high as 1.3804 in early Asia today  

UK DATA: Sep Producer Output Prices +0.3% m/m; +6.3% y/y –Sep Core Output Prices +0.3% m/m; +3.8% y/y –Sep Producer Input Prices +1.7% m/m; +17.5% y/y ———————————————————————– Output price inflation rose further in September to remain at its highest level for three years, figures released by National Statistics showed Friday. Factory gate prices were up [...]

Been have a few rather trying pc problems, but all’s well now as i used my own 6 pack toolkit  instead of the EU commission’s… If you interested it consists of 1 hammer, 1 chisel, 1 brick, 1 caterpillar boot ,  a AAA battery and a watering can Making a few strange noises now but [...]

–Sep Producer Output Prices +0.3% m/m; +6.3% y/y –Sep Core Output Prices +0.3% m/m; +3.8% y/y –Sep Producer Input Prices +1.7% m/m; +17.5% y/y LONDON (MNI) – Output price inflation rose further in September to remain at its highest level for three years, figures released by National Statistics showed Friday. Factory gate prices were up [...]

–UK Banks Don’t Have Same Problems Faced By Some EZ Banks –Denies Reports Of Rift With BOE King Over Credit Easing –Sees Plan On Credit Easing Set Out By End Of November LONDON (MNI) – UK Chancellor of the Exchequer George Osborne has explained away the Moody’s downgrade of 12 of the UK’s banks as [...]

Possible to use EFSF for bank recapitalisation as an ultimate solution Confident EU October summits can decide the method of bank capitalisation

Highest since oct 2008 and slightly better than +6.2 y/y expected Core Output prices +0.3%m/m, +3.8% y/y, input prices +1.7% m/m, +17.5% y/y

Lot of talk in the market about a 1.3400 strike today which is very large (Euro 2 bln) and may dictate trade later into the NF Payroll release Market seems to have settled again after a 1.3465 high as we sit around 1.3440 Hearing talk of some buy stops up through 1.3470. Technical support should come [...]

–Adds Comments On Banks, Greece Default Talk, EFSF PARIS (MNI) – The European Central Bank’s Governing Council left interest rates unchanged at Thursday’s monetary policy meeting because it came to the conclusion that they are low enough at the present time, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in a radio interview Friday morning. [...]

FRANKFURT (MNI) – The German federal government is seeking bids for a E4 billion sale of new six-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, October 10. The announcement of the auction results will be made shortly thereafter. The bubills will settle on Wednesday, October 12, 2011 and mature [...]

Commission to use new powers to bring EU countries into line Financial markets have had excessive reactions Euro area will stay whole  as any breakup would be an “unmitigated disaster” Sees important common euro zone bonds would not weaken position oh high credit rated countries Common eurozone bonds first require stronger fiscal co-operation

Rapid yen surge risks lasting damage and could speed up company moves overseas Aware of potential costs of a surge Sep Tankan report in line with BOJ expectations, shows supply chains recovering Europe correct in preparing liquidity backstop Investors treating yen as a safe haven

This all smells of another short squeeze  and we’ve taken out supposedly good offers at 1.5505/10 to a high of 1.5537. There’s talk of some more offers towards 1.5550 Be careful on this move , something tells me it could be short- lived. I’m not  actually hearing of any stops at particular levels. … silly [...]

Early spike  to 1.5499 was a short squeeze, and the move back to 1.5470 a small adjustment on  the rather expected Moody’s announcement on UK banks. Hearing talk of some strong offers up at 1.5505/10 now Cable’s at 1.5486

PARIS (MNI) – The European Central Bank’s Governing Council left interest rates unchanged at Thursday’s monetary policy meeting because it came to the conclusion that they are low enough at the present time, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in a radio interview Friday morning. After discussing the matter, in keeping with its [...]

Believes UK govt likely to continue to provide some level of support to systematically important financial institutions Downgrades do not reflect a deterioration in the financial strength of the Uk banking system or government Uk government”more likely now to allow smaller institutions to fail if they become financially troubled”

FRANCE DATA: Jan-Aug budget deficit E102.8 bln vs. E122.1 bln yr ago –Jan-Aug spending e243 bln vs. e270.1 bln year ago –France Jan-Aug revenues E172 billion vs. 169.5 billion year ago

FRANCE DATA: August sa trade deficit E4.967 bln; July -E6.363 bln: Finance Ministry – France trade deficit below expected; MNI median fcst -E6.0 bln – France August sa exports +6.1% m/m; sa imports +1.8% m/m – See MNI MainWire for details

Reiterates  fund is not in a position to buy Govt bonds as part of EU zone support efforts

Article in today’s  City AM Thanks to “Green Knight” for this one