British Pound Plunges to new 10 month low Past events: • USD ISM Manufacturing PMI out at 56.5 versus expected 57.7, prior 58.4• GBP British Manufacturing PMI out at 56.6, versus expected 56.3, prior 56.6• EUR unemployment...
Market Notes: Fitch’s downgrade Greece’s four largest banks from BBB+ to BBB. Moreover, the ratings outlook is negative, which points to the risk of further downgrades ahead.
Past Events: • USD Prelim GDP q/q out at 5.9%, versus expected 5.6%, prior 5.7%• USD Existing Home Sales out at 5.05M, versus expected 5.51M, prior 5.44M• GBP Nationwide HPI m/m out at -1.0%, versus expected 0.4%,...
Past events: • GBP CBI Realized out at 23, versus expected -1, prior -8• USD Core Durable Goods Orders m/m out at -0.6%, versus expected 1.1%, prior 2.0%• USD Unemployment Claims out at 496K, versus expected 461K,...
Past events: • USD New Home Sales out at 309K, versus expected 354K, prior 348K• EUR Industrial New order m/m out at 0.8% versus expected -1.1%, prior 2.7%• AUD Private Capital Expenditure q/q out 5.5% versus expected...
Past Events: • USD Consumer Confidence out at 46.0, versus expected 55.0, prior 56.5• USD S&P/CS Composite -20HPI y/y out at -3.1%, versus expected -3.0% and -5.3%• EUR German Ifo Business Climate out at 95.2, versus expected...
Market Notes: The Swiss National Bank was spotted bidding for EURCHF in the matching systems in inter-bank markets. EURCHF jumped a quick 50 pips before consolidating.
Market Notes: Economists warned that Britain’s public finances may end this year in a worse state than those of Greece, raising serious fears over the economic stability of the country.
The Fed Hikes discount rates by 0.25% to 0.75% Past events: • USD Core CPI m/m out at -0.1%, versus expected 0.2%, prior 0.1%• USD CPI m/m out at 0.2%, versus expected 0.3%, prior 0.1%• CAD Core...
Market Notes: The BOJ meeting has left the interest rates unchanged at 0.1%. The economic recovery estimation has left unchanged and is expected to remain moderate until mid-2010/11.
