EMU DATA: August sa trade balance -E1.0bn vs July rev -E3.7bn (-E2.5) – EMU August sa trade balance above MNI median fcast (-E1.5bn) – EMU July+August avg trade balance -E2.4bn vs 2q avg -E2.3bn – EMU August nsa trade balance -E3.4bn vs August10 -E6.3bn – EMU August exports: sa +4.7% m/m, nsa +14.0% y/y – [...]

EMU DATA: September HICP unrev +3.0% y/y, August +2.5%, July +2.5% – EMU September HICP y/y matches MNI median fcast – EMU September HICP +0.8% m/m, matches MNI median fcast – EMU September ex-energy/food/alc/tobacco HICP +1.6% y/y, August +1.2% – EMU September ex-energy/unprocessed food HICP +2.0% y/y, August +1.5% – EMU September ex-energy/seasonal foods HICP [...]

LONDON (MNI) – Construction output picked up in August after a sharp fall in July, rising 0.4% on the month following July’s monthly, revised 2.2% fall, National Statistics said. The data are not seasonally adjusted, and their impact on Q3 GDP will depend in large part on the assumption made for seasonal adjustment. The data [...]

Aug sa balance -1 bln euro vs Jul revised -3.7bln

BRIC involvement depends on how EFSF leveraged (c’mon, just cough up the dough and save the World!!) EU must stop crisis spreading Need reassurances by G20 Cannes summit EUR/USD at 1.3800 having reached session high 1.3827, sovereign selling again being reported around the highs. Whether these are “2nd tier” sovereigns as before I don’t know. [...]

Well those stops  through 1.0250 led  a jump to 1.0261 and were now moving towards the  55 day MA around 1.0275 . Haven’t heard of any more offers at the moment but will update when and where

We’re up at 1.3815 having been as high as 1.3827.  Earlier I opined that I thought buy stops may be lingering through 1.3830. Try as I might I haven’t been able to get confirmation of such, but I still think that’s where the next bunch are.

We were up at 1.0238 earlier and into offers from fund managers as well as the technical resistance mentioned by Sean in the Asian session. Early sovereign sales in the EUR/USD weighed on the AUD earlier but in it’s favour is also the recent moves in EUR/AUD which is looking soft again. That cross has [...]

Almost like clockwork.  Reports come in that ECB buying periphery govt bonds and euro gets its’ usual rallyette. We’re at 1.3795 with Middle Eastern sovereign buying notable in this latest leg up.

EUR/USD at 1.3785.

Uncertainties related to decision-making,  public finances have exacerbated problems Likely global growth in late 2011 and early 2012 will be weaker than expected Substantial economic weakening in euro zone can not be ruled out Euro inflation rate seen over 2% for next few months, may decline after that Equally strong upside, downside risks to inflation [...]

Good man.

We sit at 1.3775.

FTSE now flat, DAX down -0.1%, CAC 40 down -0.2%. Stoxx Europe banking index down -1.6%. EUR/USD sits at 1.3770, to the pip where it was when I first sat down around three hours ago. I’d say its been a rather indecisive start. Must be time for a EUR/USD poll to gauge the mood.

At 1.5800.  Makes sense given recent price action, early rally fizzling out at 1.5795. We’re presently back at 1.5765.

We’re at 1.3780.

For its part, the IMF, ever eager to expand its portfolio, has floated proposals to buy European bonds and to offer new short-term credit lines to fiscally challenged member governments, in addition to the long-term loans it is already making. Against this complex and constantly changing backdrop, Geithner has been vocal in sending urgent messages [...]

By Steven K. Beckner PARIS (MNI) – For U.S. Treasury Secretary Timothy Geithner and Federal Reserve Vice Chairman Janet Yellen, who have been wrestling with economic weakness, fiscal recklessness and financial volatility at home, coming to this weekend’s Group of 20 finance meeting might almost seem like a vacation from their problems — except that [...]

If you want to read article do a google search using headline.

– See Separate Table For Details TOKYO (MNI) – Combined sales at Japanese department stores in September are forecast to have fallen from a year earlier, with the pace of decline accelerating from -1.7% in August, hit by stormy weather conditions, a Market News International survey showed. The Japan Department Stores Association will release September [...]