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FOREX NEWS | CURRENCY NEWS BY FOREXLIVE
Riksbank’s Dep Gov Jansson: State finances ‘catastrophic’ in many Europe countries
Happy Dayz 
- Continued stress on markets in Europe
- Will take time before crisis in Europe is solved
- Worrying that only Germany has improved budget
- Trade balance deficits in Europe also worrying
- Global economy still looks healthy
- BRIC countries counter Europe weakness
German FinMin spokesman: Not problematic if next Greek aid tranche delayed beyond end of June
What, not problematic for Germany 
Belgian ForMin Reynders: ‘Technical staffs’ studying Greek exit costs
- Greek exit ‘not being considered’
There’s a contradition there somewhere, I’m sure of it
Buba’s Weidman: ECB has taken ‘considerable risks’ with measures
- ECB has ‘reached limit’ of mandate with tools
- It’s ‘illusion’ to think euro bonds will fix crisis
- Debate on euro bonds ‘irritates me a bit”, growth requires structural reform
- Greek aid should stop if Athens does not respect commitments
Official made comments in interview with Le Monde.
Half of Detroit’s streetlights may go out as city shrinks
I tell ya, the lights are going off all over the World!!
We’re about to enter a new Dark Age……..
Belgian ForMin Reynders: Greece can’t handle further spending cuts
- Greek key is for ‘everyone’ to pay their taxes
- It’s a mirage for Greece to keep euro, ditch cuts
Dutch/German 10 year govt bond yield spread narrows to 40 bps
From the 44 I jotted down first thing.
Dutch 10 year bond yield currently at record low 1.814%.
EUR/USD has continued it’s climb. Been as high as 1.2603, presently at 1.2595 as it runs into those sell orders mentioned earlier.
I wish we could just fast forward to 1.2650 (ala poll) so I could show you all just how clued-up I am But that’s unlikely to happen 
Portugal opposition Socialists stand by bailout commitments – Opposition leader
- Portugal needs at least one more year to meet budget goals under bailout
- Portugal will stay in euro even if Greece leaves
European stocks extending bounce
DAX and CAC 40 both up around +0.7% presently.
EUR/USD at session high 1.2566.
As mentioned earlier, sell orders seen clustered 1.2600/20, buy stops through 1.2625.
French/German 10 year govt bond yield spread narrows early
Down to 102 bps from the 114 I jotted down first thing.
Spanish/German 10 year govt bond yield spread narrows to 460 bps from 477
Italian/German 10 year govt bond yield spread narrows to 400 bps from 417
European stocks up into positive territory, DAX and CAC 40 both up +0.3%.
Market Talk
Van Rompuy says EU to tell G20 that Greece should stay in euroThe EU has published a letter European Council President Van Rompuy regarding the G20 meeting in June....
CFTC: Euro shorts hit fresh recordIn the Commitments of Traders report: EUR short 195K vs 174K last week JPY short 18K vs 34K prior AUD...
Stocks limping into the weekendThe S&P 500 has fallen to a session low, down 6 points to 1314. Risk assets are following it lower. Share...
Economics
University of Michigan consumer snetiment index 79.3 vs 77.8 forecastMost useless number of the month, in my view, as it correlates with nothing. Not retail sales, not GDP… Risk-on...
French consumer confidence 90 in MayUp from upwardly revised 89 in April (prev 88) Share and Enjoy: Read More →
German Gfk June consumer sentiment indicator steady at 5.7From upwardly revised 5.7 in May (prev 5.6) Slightly better than Reuter’s median forecast of 5.6. Share...
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