- Spanish 10-year yields up 32bps to 6.06%
- Wage free part of tomorrow’s Spanish budget
- US new home sales 373K vs 380K exp
- German HICP +2.0%, as expected
- Business Roundtable CEO index tumbles to three year low
- General strike in Greece
- BOJ’s Sato: Won’t hesitate in easing further of risks rise enough
- Italian EcoMin: No current plans to apply for ESM aid
- Fed’s Evans lays out what ‘substantial improvement’ in employment means
- Barclays hikes AUD/USD forecasts
- French joblessness hits 3 million
- Liikanen: Economy shows worrying signs
- Oil touches below $89
- NZD leads, CAD lags
- S&P 500 down 0.57% to 1433
Dull risk aversion characterized the session. It was the fifth consecutive day of declines for US stocks, the worst streak since July.
None of the anticipated effects of QE3 have come to fruition. The US dollar is stronger and stocks are lower. Questions are mounting.
EUR/USD found buyers just below 1.2840 but the rebound has been limited to 30 pips.
AUD/USD is on a lot of screens because it’s testing the 200-day moving average and the 61.8% retracement of the Sept. rally. Strong demand seen at 1.03.
Gold fell as low as $1737 but rebounded $15.
Cable stops rumored below 1.6140 with demand at 1.6120 and more stops below.
