4.9 580
At the same time, our convictions were seriously tested, and the market stalled just shy of those in loan payday uk critical highs to barely keep our outlook intact. We used the broad USD sell-off to establish a major short position in Aud/Usd, and here too, our strategy was dangerously compromised after stops were narrowly averted in the previous week. COMMODITIES and Commodity Currencies EQUITIES & INTEREST RATES Bonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up, the return and allure of risk trades such as equities falls. Economic Data Russia Central Bank left its key rates unchanged with Refinancing Rate at 8.00% level; Overnight Deposit Rate at 4.00% and the Overnight AuctionBased Repo at 5.25% ECB: 15.6B borrowed in overnight loan facility v 632M prior; 795.2B parked in deposit facility vs. 798.0B prior France Feb Consumer Price Index M/M: 0.4% v 0.4%e; Y/Y: 2.5% v 2.4%e v 2.3% prior; CPI Ex Tobacco Index: 123.58 v 123.66e France Feb CPI EU Harmonized M/M: 0.5% v 0.5%e; Y/Y: 2.5% v 2.6%e Finland Jan Final Retail Sales Volume Y/Y: No est v 4.5% prior France Jan Current Account: 4.2B v 2.8B prior Czech Jan Industrial Output Y/Y: 3.2% v 3.0%e; Construction Output Y/Y: 5.3% v +14.5% prior Hungary Feb Consumer Prices M/M:0.8% v 0.5%e; Y/Y: 5.9% v 5.6%e Spain Feb Consumer Price Index M/M: 0.1% v 0.1%e; Y/Y: 2.0% v 2.0%e Spain Feb CPI EU Harmonized M/M: 0.1% v 0.1%e; Y/Y: 1.9% v 1.9%e Spain Feb CPI Core M/M: 0.0% v 0.1%e; Y/Y: 1.2% v 1.1%e Swiss Feb Producer & Import Prices M/M: 0.2%e v 0.0% prior; Y/Y: 2.4%e v 2.4% prior Hong Kong Q4 Industrial Production Y/Y: 2.2% v +0.2% prior; Producer Price Y/Y: 6.5% v 9.5% prior Netherlands Jan Trade Balance: 4.1B v 4.1B prior Sweden Feb CPI Headline Rate M/M: 0.7% v 0.5%e; Y/Y: 1.9% v 1.8%e; CPI Level: v 313.67e Sweden Feb CPI Underlying M/M: 0.7% v 0.6%e; Y/Y: 1.1% v 1.0%e Czech Jan Current Account: 14.2B v 10.2Be Italy Feb Final CPI M/M: 0.4% v 0.4%e; Y/Y: 3.3% v 3.3%e Italy Feb Final CPIEU Harmonized M/M: 0.2% v 0.2%e; Y/Y: 3.4% v 3.4%e Russia Jan Trade Balance: $20.5B v $20.6Be South Africa Jan Gold Production Y/Y: 11.3% v 8.2% prior; Mining Production Y/Y: 2.5%% v +0.9% prior Jan DCLG UK House Prices Y/Y: 0.2% v 0.1% prior Jan Visible Trade Balance: 7.5B v 7.9Be; Total Trade Balance: 1.8B v 1.9Be; Trade Balance Non EU: 3.7B v 4.3Be German Bundesbank publishes 2011 Annual Report: Net profit 600M v 2.2B y/y Germany Mar ZEW Economic. As soon as Chinas inflation data for October was released, market chatter instantly in loan payday uk switched to when the authorities would announce a policy shift to an easing bias. Disclaims any warranty, whether express or implied including, without in loan payday uk limitation, warranties of merchantability and fitness for a particular purpose, with respect to the service or any materials and products. By this time last year, regulators had shuttered 143 banks. The Federal Deposit Insurance Corp. seized Mid City Bank, based in Omaha, Neb., with $106.1 million in assets and $105.5 million in deposits, and SunFirst Bank, based in Saint George, Utah, with $198.1 million in assets and $169.1 million in deposits. Alterian had rejected the offer. Speakers: Germany Govt Spokesman reiterated weekend news that two options were still on table for EFSF leveraging and that both options were not mutually exclusive. As a result, if employment expands less than 10.0K or unexpectedly contracts from the previous month, we will utilize the same setup for a short aussie-dollar trade as the long position laid out above, just in the opposite direction. ***Economic Data*** - (CH) CHINA OCT CONSUMER PRICE INDEX (CPI) Y/Y: 5.5% V 5.5%E (matches 6-month low; 3rd consecutive decline) - (CH) CHINA OCT PRODUCER PRICE INDEX (PPI) Y/Y: 5.0% V 5.8%E (1-year low) - (AU) AUSTRALIA SEPT HOME LOANS M/M: 2.2% V 1.5%E (4-month high; 6th month of increase); INVESTMENT LENDING: 1.9% V 1.8% PRIOR; OWNER-OCCUPIED HOME LOAN VALUE M/M: 0.7% V 0.6% PRIOR - (JP) JAPAN SEPT CURRENT ACCOUNT TOTAL: 1.59T V 1.5TE; ADJUSTED: 1.19T V 963BE (7-month high); TRADE BALANCE: 373B V 352BE - (UK) UK OCT BRC SHOP PRICE INDEX Y/Y: 2.1% V 2.7% PRIOR (10-month low) - (AU) AUSTRALIA NOV WESTPAC CONSUMER CONFIDENCE INDEX: 103.4 V 97.2 PRIOR (6-month high) - (KS) SOUTH KOREA OCT UNEMPLOYMENT RATE: 3.1% V 3.3%E (matches lowest level since Jul 2008 reported in Aug) - (JP) JAPAN OCT BANK LENDING EX-TRUSTS Y/Y: +0.1% V -0.2%E; INCLUDING TRUSTS Y/Y: 0.0% V -0.1%E (22-month high) - (JP) JAPAN OCT BANKRUPTCIES Y/Y: -14.1% V -9.2% PRIOR - (NZ) NEW ZEALAND OCT QV HOUSE PRICES Y/Y: 1.2% V 0.7% PRIOR - (NZ) NEW ZEALAND OCT NZ CARD SPENDING RETAIL M/M: 1.5% V 0.7%E; TOTAL M/M: 1.8% V 0.6%E - (JP) JAPAN OCT ECO WATCHERS SURVEY CURRENT: 45.9 V 46.5E; OUTLOOK: 45.9 V 46.4 PRIOR ***Markets Snapshot (as of 04:30GMT)*** - Nikkei225 +0.8% - S&P/ASX +1.3% - Kospi -0.2% - Taiwan Taiex -0.2% - Singapore Straits Times Index -0.1% - Shanghai Composite -0.4% - Hang Seng +1.6% - S&P Futures -0.3% at 1,269 - Dec Gold -0.4% at $1,792/oz - Dec Crude +0.1% at $96.94 ***Overview/Top Headlines*** - EUR/USD was stable and the Asian markets rallied with steps towards progress in Italy and Greece. And, in such case, AUD/USD should still made another high above 1.1079 before forming an important top. However, sustained break of 0.9404 will indicate that rise from 0.6008 is already finished and would possibly bring deeper fall towards 61.8% retracement of 0.6006 to 1.1079 at 0.7945.