Stronger than Reuter’s median forecasts -0.1%, -1.6% respectively.

A few stops were triggered on the recent fall  through 107.00 to 106. 92, but the 200 day MA at 106.90 seems to be holding some decent technical support for now. We’re back up at 107.14.

There are stops now set on a break down of 106.80,  and offers sit up at 107.35/45

Trendline support circa 1.3156 held the earlier sell-off and we’ve bounced back to 1.3190 at writing.

Sell stops now through 1.3150, buy stops through 1.3220.

It’s dropped to 1695 just now  just ahead of the 100 day MA which sits at 1694 and should hold some technical support.

There’s further support just below there at the 50/55 day MA’s at 1688.75 and 1681.25, with the 200 day coming in at 1676.00

The fall’s seen on the back of falling equities,  weaker EU data and a $1.5 drop in WTI April crude

Gold’s sitting at 1695.50

LONDON (MNI) – The dominant UK services sector saw growth slow in
February after the surge in January, the CIPS/Markit index shows.

The headline service sector CIPS/Markit index fell to 53.8 in
February from an unrevised 56.0 in January, well below analysts’ median
forecast for a 55.0 outturn. The detail, however, was more encouraging
showing a rise in business expectations and easing inflation pressure.

Business expectations rose to their highest level for a year while
output charges declined. Markit said sales were supported by
discounting, with margins squeezed as input cost continued to rise.

The survey showed a slight rise in service sector employment.

Markit said the headline reading, still well above the 50 breakeven
level was “indicative of a solid increase in service sector activity.”

New service sector work increased for the 14th consecutive month.

The February CIPS/Markit UK manufacturing sector survey. published
last week, also showed slowing activity.

The headline February manufacturing index fell to 51.2 from a
revised 52.0 in January and below analysts’ median forecast for a 51.9
outturn.

–London newsroom 0044 207 862 7491; email: drobinson@marketnews.com

[TOPICS: M$B$$$,MABDS$]

• This is a crisis of sovereign debt
• Anecdotal evidence suggests banks using 3 year LTRO to lend more

Median was  -6.0, so a little worse than  expected, but EUR’s going nowhere at 1.3168

Well the rumour was darn close weren’t it

As aforementioned below Reuter’s median forecast of 54.9 and down from 56.0 in January.

So weaker than expected.  Release due 09:30 GMT.

Median forecast is for 54.9 from 56.0 in January.

Stops through 1.3170 are toast. EUR/USD been down to 1.3160.

Russia notable seller in last leg lower.

As mentioned trendline support comes in circa 1.3156.

Talk of more sell stops through 1.3150.

Morning all,

Being told from reliable sources that there’s an Asian central bank sitting on bids at 1.0650/55

We’re at 1.0677 after  recent lows of 1.0671

From flash 49.7. Down from 50.4 in January.

Down from 44.8 in January and well below Reuter’s median forecast of 45.2.

Lowest read since October.

EUR/USD remains unchanged on day at 1.3190.  Bit like pulling teeth this morning. Anybody would think it was Monday…..

Love him or loathe him, latest from AEP at The Telegraph.

I think my posting of The Guardian piece was the last straw for the poor chap. We wish him well……

Sounds pretty good.

Compares with revised +1.7% in December.

Demonstrably lower than 46.1 in January and Reuter’s median forecast of 45.9.

Eighth month of contraction, lowest read since November.

More pain in Spain

Retail Sales
– January -
%mom %yoy

Median Forecast -0.1 -1.5
High forecast 0.2 1.5
Low forecast -0.1 -1.5
Previous period -0.4 -1.6
-
Number of responses 9 7

4Cast -0.1 -1.5
ABN Amro -0.3 n/a
Barclays Cap. n/a -0.3
BNP Paribas -0.2 -1.6
Capital Economics 0.2 -1.2
Citi 0.1 n/a
Danske Bank -0.3 n/a
Standard Chartered 0.0 -1.5
UBS 0.0 1.5
West LB -0.1 -1.5
———————————————————————–
* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, March 2.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]

Industrial Orders Industrial Output
– January – – January -
%mom %yoy %mom %yoy

Median Forecast 0.5 -1.8 1.0 1.5
High forecast 2.1 1.7 2.8 3.5
Low forecast 0.5 -1.8 1.0 1.5
Previous period 1.7 0.0 -2.9 0.8
-
Number of responses 17 10 17 8

4Cast 0.5 -1.8 0.7 n/a
ABN Amro 2.0 n/a 1.5 n/a
Barclays Cap. 1.0 -1.2 1.0 -0.2
BNP Paribas 0.3 -1.9 1.0 1.1
Capital Economics 0.5 -1.7 1.0 0.9
Citi 0.3 -1.9 2.8 2.9
Commerzbank 0.5 1.7 2.5 2.5
Danske Bank 0.8 n/a 0.0 n/a
DZ Bank 0.5 n/a 1.0 n/a
ING 0.5 -1.7 2.0 3.5
LBBW 2.0 n/a 0.7 n/a
RBS 0.0 n/a 2.1 n/a
Soc. Generale 0.4 -1.8 1.7 1.8
Standard Chartered -1.0 -3.2 1.0 0.7
UBS 0.5 -2.4 1.1 n/a
West LB 2.1 n/a 1.5 n/a
Westpac 1.0 n/a 1.0 n/a
–

Trade Balance Exports Imports
E Bln (SA) – January –
– January – %mom %mom

Median Forecast 13.5 1.6 2.0
High forecast 14.0 3.0 3.0
Low forecast 13.5 1.6 2.0
Previous period 13.9 -4.3 -3.9
-
Number of responses 4 5 2

Citi 14.0 n/a n/a
Commerzbank n/a 3.0 n/a
ING 13.5 1.5 1.0
LBBW 11.0 n/a n/a
Soc. Generale 13.5 2.0 3.0
Standard Chartered n/a 1.6 n/a
West LB n/a -0.8 n/a
———————————————————————
* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, March 2.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]

Industrial Production
– January -
%mom %yoy

Median Forecast 0.6 -1.1
High forecast 1.3 -0.4
Low forecast 0.6 -1.1
Previous period -1.4 -1.3
-
Number of responses 8 6

ABN Amro 0.4 n/a
Barclays Cap. 1.3 -0.4
BNP Paribas 0.1 -1.5
Capital Economics 0.5 -1.1
Citi -0.5 -2.1
Commerzbank 0.8 n/a
Soc. Generale 1.2 -0.5
UBS 0.6 -1.0
———————————————————————–
* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, March 2.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]