- EU leaders agree to a Eurozone banking regulator- BBC
- UK Sept PSNB Falls to £10.732 Bln, Sept PSNCR £-623 mln from -£4.632 bln in Sept 2011
- Eurozone August Sa Current Account Balance Eur 8.8 Bln, Up from Eur 8.1 bln in July
- Italian August Sa Industrial Orders+0.7% M/M, -9.0% Y/Y (Unadj), Down sharply from +2.9% m/m in July
- German September PPI +0.3% M/M, +1.7% Y/Y
- ECB’s Nowotny: EU accord on bank supervision is a ‘realistic and reasonable’ approach
- ECB’s Nowotny: Ireland May Be Out Of The Crisis
- BOJ’s Shirakawa: Overseas Economies Have Moved Somewhat Deeper Into Deceleration Phase
- ECB’s Costa: Global crisis is the biggest since the ‘Great Depression’
- Gold Is The Mother Of All Bubbles, Which Is Why You Should Buy It !- Business Insider
EUR/USD’s been under pressure most of the morning slipping from 1.3076 through some sell stops at 1.3045 to 1.3037, but sovereign bids and option attraction to a large maturing 1.3050 strike has limited the bears in an otherwise unenthusiastic session.
European equities have slipped back into the red by around 0.5-0.75% with the exception of the FTSE which is sitting flat and Spain’s Ibex which is down around 1.5%.
Strong PNSB data in the UK failed to spark a cable rally with the pair mired into a 1.6039-67 range.
USD/JPY has again stalled in its rally as the 200 day MA continues to pour cold water on the bulls ahead of a 79.50 barrier. Range this morning 79.25-37. AUD/USD was little better in a 1.0347/68 spread.
