Monday, 29 July 2013
2013.07.29 17:34:02 BANK OF ISRAEL: DATA THE PAST MONTH POINT TO CONTINUED MODERATE GROWTH OF ECONOMY
2013.07.29 15:20:02 INDIA CBANK ACCEPTS ALL 4 BIDS FOR 900 MLN RUPEES AT 1-DAY REVERSE REPO AUCTION
2013.07.29 14:01:02 JPY - 97.64 IS 50% FIBO, 97.49 IS CLOUD TOP - STOPS BELOW, HUGE 97.00 OPTION EXPIRY TODAY MAY DRAW IF SUPPORT BREAKS, MORE OPTION EXPIRIES ALL AROUND CURRENT SPOT
- As the bull trend persists, indicated by the trending and momentum indicators pointing higher, focus is on further upside.
- Key resistance is at $1.3417.
- Support is at $1.3253 ahead of $1.3166.
2013.07.29 12:14:02 MARKET LOOKS FOR GUIDANCE ON INTERVENTION TO WEAKEN CZK, BUT CNB EXPECTED TO KEEP USING RHETORIC TO CAP CZK
2013.07.29 12:11:02 CONSOLIDATION AFTER 20+ RAND FALL GIVES WAY TO CAPITULATION OF USD/ZAR SHORTS, 55-DMA AT 9.8683 IS NEXT PIVOT ABOVE; A BREAK OPENS 21-DMA 9.9167, DAILY ICHI CLOUD TOP AT 9.9733, DAILY KINSEN AT 9.9568 OFFER RESISTANCE
Friday, 26 July 2013
2013.07.26 11:54:58 INDIA CBANK SETS MINIMUM UNDERWRITING COMMISSION OF 0.98 RUPEE PER 100 RUPEES FOR 1.44 PCT 2023 INFLATION-INDEXED GOVT BONDS
2013.07.26 08:00:55 SINGAPORE JUNE ELECTRONICS PRODUCTION +2.6 PCT FROM YEAR AGO, HELPED BY EXPORT DEMAND
2013.07.25 23:33:07 FED DISCOUNT PRIMARY BORROWING AVERAGES $10 MLN/DAY IN WEEK VS $13 MLN/DAY PREVIOUS WEEK
2013.07.25 23:32:07 FOREIGN CENBANK HOLDINGS OF US AGENCY DEBT ROSE $15.28 BLN TO $312.18 BLN IN JULY 24 WEEK
2013.07.25 23:02:07 NY FEDERAL RESERVE SAYS FOREX SWAPS WITH THE ECB TOTALED $27 MLN IN LATEST WEEK
2013.07.25 23:32:07 FED HOLDINGS OF AGENCY MORTGAGE-BACKED SECURITIES $1.261 TRLN VS $1.235 TRLN PRIOR WEEK
2013.07.25 17:45:07 PANAMA ECONOMIC ACTIVITY +4.30 PCT IN MAY YR/YR - GOVERNMENT
Thursday, 25 July 2013
2013.07.25 15:55:07 RESEARCH: Sterling will outperform euro and the yen
Quotes from Societe Generale Cross Asset Research:
-BoE Governor Carney expressed his preference for forward guidance. The latest PMI readings confirm the broad-based vigour in the UK economy following a weak first quarter.
-Sterling will fall against the dollar, and we see cable at 1.43 by year-end. But we believe sterling will outperform euro and the yen, as monetary policy continues to ease in Japan and the EA.
2013.07.25 14:59:07 DEUTSCHE BANK: WE THINK WE'LL SEE 75 BASIS POINTS OF TIGHTENING BY THE RBNZ NEXT YEAR BEGINNING AROUND MARCH AND THERE'S NOTHING IN THIS STATEMENT TO MAKE ME CHANGE THAT VIEW
2013.07.25 14:04:07 RUSSIAN C.BANK GOLD/FOREX RESERVES $505.7 BLN IN LATEST WEEK VS $506.0 BLN IN PVS WEEK
2013.07.25 13:51:07 INDIA CBANK RECEIVES 88 BIDS FOR 123.49 BLN RUPEES AT 56-DAY CASH MANAGEMENT BILLS AUCTION
2013.07.25 11:32:07 STERLING FALLS AFTER IN-LINE UK GDP DATA
2013.07.25 07:40:07 AUD/NZD- RBNZ STATEMENT NO SHOCK BUT MAINTAINED HAWKISH BIAS, BEARISH OUTSIDE DAY KEEPS DOWNTREND IN PLAY - 5, 10 & 20 DMA'S TREND SOUTH
2013.07.25 02:01:04 S.KOREA Q2 PRIVATE CONSUMPTION S/ADJ +0.6 PCT Q/Q VS -0.4 PCT IN Q1 -C.BANK ESTIMATE
2013.07.24 23:01:02 DOW JONES UNOFFICIALLY CLOSES DOWN 26.00 POINTS, OR 0.17 PERCENT, AT 15,541.74
2013.07.25 01:56:04 BOJ: c/a balance at 83.2 trln at end of day
2013.07.24 19:00:59 FRENCH JOBLESS TOTAL RISES TO NEW RECORD IN JUNE, UP 0.5 PCT M/M TO 3,279,400 - LABOUR MINISTRY
2013.07.24 19:16:59 BRAZIL'S REAL BRBY WEAKENS 1 PCT AGAINST U.S. DOLLAR IN SPOT
2013.07.24 17:35:59 U.S. GASOLINE FUTURES RISE AFTER EIA DATA SHOWS UNEXPECTED DRAWDOWN IN SUPPLY
Wednesday, 24 July 2013
2013.07.24 16:31:59 NASDAQ UP 25.60 POINTS, OR 0.72 PERCENT, AT 3,604.87 AFTER MARKET OPEN
2013.07.24 14:52:59 SPREADS SUGGEST USD/JPY IS SET TO HEAD NORTH
2013.07.24 13:31:59 RESEARCH: China will see a bumpy landing over the medium term
Quotes from Societe Generale Cross Asset Research:
-Our core scenario is that China will see a bumpy landing over the medium term, with growth grinding persistently lower from 7. 4 % in 2013 to 6% in 2017. However, there is still a non-negligible risk that China could land hard, with growth of less than 6% in 2013.
-In an extreme hard landing scenario, we estimate base metals could drop 40%, while the US dollar rallies and treasuries outperform other debt markets and global equity markets.
2013.07.24 12:01:59 S.AFRICA TO AUCTION 1.0 BLN RAND WORTH OF ITS 2048 GOVT BOND ON TUESDAY
2013.07.24 11:46:59 CABLE BELOW DAILY ICHI BASE 1.5381; HOURLY CLOUD 1.5307-47 SUPPORTS, SPECS LIKELY TO BUY DIPS ON BACK OF EUR/USD
2013.07.24 09:35:59 POLISH C.BANK VOTED TO CUT RATES BY 25 BPS IN JUNE IN 5-5 VOTE, GOVERNOR'S VOTE ALLOWED FOR THE CUT -OFFICIAL VOTING RECORDS
2013.07.24 05:05:46 China Media Roundup
CHINA SECURITIES JOURNAL
- China Merchants Bank said its application for a 3.1 billion rights share issue has been approved by the China Securities Regulatory Commission.
- According to first-half figures published by the China Insurance Regulatory Commission on Tuesday, total assets of the insurance industry totalled 7.88 trillion yuan ($1.28 trillion) as of end-June, an increase of 7.2 percent from the beginning of the year.
- The China Financial Futures Exchange will conduct the first full test run for the launch of government bond futures on Saturday.
2013.07.24 00:45:38 AUSTRALIAN DOLLAR TRADES AT $0.9295 IN EARLY ASIA-PACIFIC TRADE
2013.07.23 23:04:38 Today in Washington - July 24
(ALL TIMES IN EDT/GMT)
- 0700/1100: The USDA issues weekly world rice price.
- 1000/1400: The Commerce Dept. issues single-family home sales for June.
- 1030/1430: The Energy Information Administration issues weekly petroleum stocks and output data.
- 1300/1700: The Treasury Dept. sells 5-year notes.
2013.07.23 21:57:38 ARGENTINA POSTS JUNE TRADE BALANCE OF $+1155 MLN
2013.07.23 18:30:38 EUROPE'S FTSEUROFIRST 300 PROVISIONALLY CLOSES DOWN 0.2 PCT AT 1,208.41 POINTS
2013.07.23 18:19:38 MOROCCO GDP GROWS 4.3 PCT IN Q2 -STATISTICS AGENCY
2013.07.23 18:17:38 TENTATIVE TENDER OF NON-COMPS, FIMA FOR 4-WEEK BILLS TOTAL $268.7 MLN; COMPETITIVE REMAINING $39.7 BLN
Tuesday, 23 July 2013
2013.07.23 08:43:38 ECONOMISTS: IF TURKEY DOES LIFT RATES, IT WOULD FOLLOW OTHER EMERGING MARKETS TO PREVENT A ROUT OF ITS CURRENCY
2013.07.23 07:03:38 TOTAL ASSETS MANAGED BY SINGAPORE-BASED FUND MANAGERS ROSE 22 PCT TO S$1.63 TRLN LAST YEAR - C.BANK
2013.07.23 07:02:38 SINGAPORE C.BANK SAYS ECONOMY WILL "COMFORTABLY" MEET 1-3 PCT GROWTH FORECAST FOR 2013
2013.07.23 04:32:38 CHINA'S 7-DAY WEIGHTED-AVERAGE REPO RATE OPENS AT 3.9385 PCT VS 3.9369 PCT AT PREVIOUS CLOSE
2013.07.22 18:36:55 Copper up nearly 2 pct on Chinese data, weaker dollar
2013.07.22 19:46:55 BRAZIL'S BENCHMARK BOVESPA STOCK INDEX RISES 2 PCT
2013.07.22 18:32:55 U.S. 6-MONTH BILL BID-TO-COVER RATIO 5.31
2013.07.22 18:15:55 NON-COMPS ACCEPTED FOR U.S. 6-MONTH BILLS $479.5 MLN
Monday, 22 July 2013
2013.07.22 14:52:54 CHART FOCUS: AUD/USD STOP TIGHT BUT RISK FREE
- short at 0.9250 for a bearish resumption towards July 15 0.9122 low
- Spot seems to be building for a reversal higher
- Daily momentum could well finish positive at today's close
- A daily close above the 30-dma at 0.9255 needed to defer
2013.07.22 13:00:54 SLOVAK JUNE JOBLESS RATE AT 14.3 PCT VS 14.3 PCT IN MAY (MKT FCAST 14.4 PCT)
2013.07.22 12:25:54 CHINA VICE PREMIER ZHANG SAYS CHINA MUST ENSURE IT COMPLETES ECONOMIC DEVELOPMENT TASKS THIS YEAR
2013.07.22 09:01:51 GERMAN BUND FUTURES OPEN 6 TICKS UP AT 144.28
2013.07.22 07:35:51 USD/IDR- BI CUTS DOWN OFFERS LAST WEEK TO AROUND 50MLN, ALLOWING THE PAIR TO TRADE ABOVE 10000, NDFS STAYS BID ON HEDGING
2013.07.22 06:44:51 U.S. 10-YEAR TREASURY YIELD AT 2.4653 PERCENT VS U.S. CLOSE OF 2.482 ON FRIDAY
Saturday, 20 July 2013
2013.07.19 23:16:07 U.S. PUBLISHES ACTION PLAN OUTLINING STEPS FOR BANGLADESH TO FOLLOW TO RESTORE RECENTLY SUSPENDED TRADE BENEFITS
2013.07.19 23:01:07 NASDAQ UNOFFICIALLY CLOSES DOWN 24.39 POINTS, OR 0.68 PERCENT, AT 3,586.89
2013.07.19 22:28:07 ASO SAYS CHINA TOOK STEP IN RIGHT DIRECTION WITH RELAXATION OF BANK LENDING RATES
2013.07.19 18:53:07 FINAL G20 DRAFT COMMUNIQUE TEXT PLEDGES "TO MOVE DECISIVELY" TOWARDS A BANKING UNION IN EUROPE
2013.07.19 18:16:07 ITALY ECONOMY MINSTER SACCOMANNI SAYS VARIOUS OPTIONS FOR REDUCING PUBLIC DEBT, SAYS HAS NOT SPOKEN OF SPECIFIC PLANS TO SELL STATE SHAREHOLDINGS
2013.07.19 17:53:07 ITALY COURT ASKS PROSECUTORS TO INVESTIGATE WHETHER BERLUSCONI GAVE FALSE TESTIMONY IN TRIAL OF ASSOCIATES CONVICTED OVER UNDERAGED PROSTITUTION
2013.07.19 17:51:07 UK INFLATION EXPECTATIONS FOR YEAR AHEAD RISE TO 2.6 PCT IN JULY FROM 2.5 PCT IN JUNE
Friday, 19 July 2013
2013.07.19 17:05:07 SPOT GOLD RISES 1 PCT TO SESSION HIGH AT $1,297.34/OZ
2013.07.19 16:58:07 GROWTH COULD BE LOWER THAN PROJECTED DUE TO PROTRACTED STAGNATION IN EURO AREA - IMF
2013.07.19 13:28:07 INDIA'S BENCHMARK 10-YEAR BOND YIELD RISES 5 BPS TO 7.98 PCT AFTER AUCTION CUT-OFFS
2013.07.19 13:25:07 RBI: CUT-OFF PRICE FOR 7.16 PCT 2023 BOND AT 94.00 RUPEES, YIELD AT 8.0529 PCT
2013.07.19 11:46:07 USD/JPY SELLS OFF BEFORE JAPAN'S WEEKEND ELECTIONS, MACROS AGGRESSIVELY PAY UP IN NY, THEN DUMP LONGS IN TOKYO
2013.07.18 20:57:40 BIDEN SAYS U.S. READY TO ENGAGE IN DIALOGUE WITH NORTH KOREA, BUT ONLY IF PYONGYANG PREPARED FOR "GENUINE" NEGOTIATIONS
2013.07.18 20:07:40 BID-TO-COVER AT LATEST 10-YEAR TIPS AUCTION WEAKEST SINCE SEPTEMBER
2013.07.18 20:06:40 PRIMARY DEALERS TAKE $5.29 BLN OF 10-YR SALE, INDIRECT $8.64 BLN
2013.07.18 18:57:40 MEXICO'S PESO WEAKENS MORE THAN 0.5 PCT TO 12.5440/DLR
2013.07.18 18:43:40 BERNANKE SAYS DATA SINCE JUNE FOMC MEETING HAVE BEEN MIXED, BUT WAY TOO EARLY TO MAKE A JUDGMENT ON IMPACT FOR FED FORECASTS
Thursday, 18 July 2013
2013.07.18 09:05:40 USD/SGD - SIGNS OF RALLY EMERGE FROM LONG TERM TRENDLINE SUPPORT CIRCA 1.2580/90, FAILURE TO HOLD PRICE BELOW THE TRENDLINE SHOWS BULLS DEFENDING
2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES, YIELDING 8.2282 PCT IN OMO-POLL
2013.07.18 09:06:40 USD/SGD UP 50 PIPS FROM LOWS WHILST USD/KRW UP NEARLY SEVEN WON, MAJORS STEADY EXCEPT FOR COMMODITY CURRENCIES WITH AUD/USD DOWN 0.6%
2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.07 PCT 2017 BOND AT 98.57 RUPEES, YIELDING 8.5012 PCT IN OPEN MARKET OPERATION-POLL
2013.07.18 09:09:40 RESEARCH: Investors should sell 2M 25-delta USD-JPY strangles
2013.07.18 09:05:40 RESEARCH: Fed now seems comfortable with the level of market rates
2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES, YIELDING 8.2282 PCT IN OMO-POLL
2013.07.18 09:15:40 USD/CAD - A DAILY CLOSE BELOW 61.8% FIB AT 1.032 WOULD TURN OUTLOOK BEARISH, LONG TERM RESISTANCE (GOING BACK TO 2010) ABOVE 1.06 MAY BE RETESTED
2013.07.18 09:02:40 SOUTH KOREAN WON CLOSES ONSHORE TRADE AT 1,126.3 PER DOLLAR VS 1,121.6 AT PREVIOUS CLOSE
2013.07.18 09:08:40 RESEARCH: Investors looking for an imminent reduction in Fed's asset purchases may be frustrated
2013.07.18 04:20:40 CHINA C.BANK INJECTS 160 BLN YUAN FOR WEEK VERSUS NO DRAIN OR INJECTION LAST WEEK
2013.07.18 00:11:33 FITCH: HIGHER EQUITY MARKETS AID NORTHERN TRUST'S EARNINGS
2013.07.17 21:08:33 FED SAYS RESIDENTIAL REAL ESTATE AND CONSTRUCTION ACTIVITY ADVANCING AT A MODERATE TO STRONG PACE IN ALL DISTRICTS
2013.07.17 19:26:33 BERNANKE: THERE MAY BE A PERIOD OF VERY LOW REMITTANCES FROM FED TO TREASURY
2013.07.17 18:56:33 BERNANKE: CHANGE IN VALUE OF THE YEN DOES NOT OFFSET TREND OF U.S. MANUFACTURING BECOMING MORE COMPETITIVE
2013.07.17 18:45:33 BERNANKE: OUR INTENTION IS TO KEEP MONETARY POLICY VERY ACCOMMODATIVE FOR THE FORESEEABLE FUTURE
Wednesday, 17 July 2013
2013.07.17 16:19:33 Russia's nominal wages up 13.3 percent in June
2013.07.17 15:17:33 RESEARCH: Mild CNY appreciation trend likely to resume in 2014
Quotes from Standard Chartered:
-Local FX strength has little near-term role to play in macroeconomic rebalancing in China amid subdued domestic activity data, well-contained domestic inflation and mixed commodity prices. As global activity steadily improves into 2014 USD-AXJ more broadly may be on a downward track and China's domestic inflation outturns may deteriorate. We expect a mild CNY appreciation trend to resume in 2014.
-We also make a modest upward adjustment to the USD-CNY profile further out, forecasting a gradual 1.9% appreciation per year between 2014 and 2017 (based on annual averages). China's productivity gains and current-account surpluses favour trend CNY appreciation, but there are also important domestic economic imbalances which create risks around this central scenario.
2013.07.17 13:19:33 INDIA'S CHIEF ECONOMIC ADVISER RAJAN SAYS UNDUE VOLATILITY IN RUPEE NOT DESIRABLE
2013.07.17 11:10:33 ADB PRESIDENT NAKAO: FED POLICY EXPECTATIONS NOT HAVING BIG IMPACT ON ASIA FOR NOW, BUT CENTRAL BANKS IN REGION ARE VIGILANT TO POTENTIAL EFFECT
2013.07.17 04:26:33 SHANGHAI COMPOSITE INDEX TO OPEN DOWN 0.2 PCT
2013.07.17 04:02:57 Consumer watchdog urges govt to inspect rice for contamination
2013.07.17 00:17:56 World Bank vows to limit financing of coal-fired plants
- The World Bank's board on Tuesday agreed to a new energy strategy that will limit financing of coal-fired power plants to "rare circumstances," as the Washington-based global lending powerhouse seeks to address the impact of climate change.
- In its "Energy Sector Directions Paper," updated every 10 years, the Bank said it will aim to "minimize the financial and environmental costs of expanding reliable energy supply."
- The Bank will amend its lending policies for new coal-fired power projects, restricting financial support to countries that have "no feasible alternatives" to coal.
2013.07.17 00:25:56 ASKED IF CANADA SHARES CONCERN OVER FED TAPERING PLANS, CANADIAN OFFICIAL SAYS BACKS U.S. MEASURES TO SUPPORT ITS ECONOMY AND MANAGE IT IN ITS CURRENT STATE
2013.07.16 23:35:56 FITCH AFFIRMS PERU'S BANCO DE LA NACION'S IDR AT 'BBB'; OUTLOOK STABLE
Tuesday, 16 July 2013
2013.07.16 12:55:53 RESEARCH: Anxiety over Fed's QE tapering will have little influence on average oil prices in the near term
Quotes from Standard Chartered:
-Oil markets have ignored any negative impact associated with China's below-trend growth, due to (1) the relative inelasticity of oil demand to GDP in the short term, (2) China accounting 'only' for about 11% of global oil demand and (3) supply issues overwhelming demand concerns.
-We believe anxiety over QE tapering will have little influence on average oil prices in the near term as fundamentals and geopolitics dominate, though QE tapering may introduce additional volatility to oil prices.
2013.07.16 12:45:50 LAGARDE: FED, ECB, BOE, BANK OF JAPAN UNCONVENTIONAL MONETARY POLICIES HAVE HAD CONSEQUENCES ON CAPITAL FLOWS
2013.07.16 06:35:50 INDIA'S MOST TRADED 8.33 PCT 2026 BOND YIELD RISES 53 BPS TO 8.20 PCT
2013.07.16 01:07:55 Japan : July 17-July 26
- Wednesday, July 17
- 2350 - Bank of Japan releases minutes of its June 10-11 meeting
- 0120 - One-year discount bill auction
- Thursday, July 18
- 0120 - Three-month discount bill auction
- 0300 - Petroleum Association of Japan weekly data on crude oil, kerosene, gasoline stocks, refinery run rates.
- Friday, July 19
- 0130 - Government bond liquidity-enhancing auction
- Tuesday, July 23
- Two-month discount bill auction
- Wednesday, July 24
- 2350 - Trade data for June
- 2350 - Ministry of Finance announces customs-cleared energy imports data for June
- 0300 - Petroleum Association of Japan weekly data on crude oil, kerosene, gasoline stocks, refinery run rates
- Thursday, July 25
- 2350 - Weekly capital flows data
- 0120 - Three-month discount bill auction
- 0130 - Twenty-year Japanese government bond auction
- 0500 - Japan Meteorological Agency announces August-October weather forecast
- Friday, July 26
- 2330 - June nationwide CPI
- 2330 - July Tokyo CPI