- New Zealand September visitor arrivals rose a net 90.
- BOE’s Miles says U.K. economy still ailing.
- French official on direct recapitalization of banks, “to be a reality in 2013, likely in the first qtr for some banks.
- German government source says direct recapitalization in first qtr of 2013 is ‘very Unlikely’.
- EU’s Juncker says decision on recapitalization in coming weeks.
- Moody’s Germany’s banking system outlook remains negative, sees weakening operating environment amid recessionary trends across Europe.
- EU leaders retreat from Jan 1 bank supervision pledge.
- Merkel says bank supervision will be built up in the course of 2013.
- Hollande says the worst has passed. Greece membership in euro still not assured.
- China MNI October flash business sentiment indicator rose0.17 to 51.52.
- Jojima: Cabinet will decide how to use reserve funds this month. Has heard nothing on Tanaka’s resignation.
- Adam’s stock market crash 25th anniversary reminder.
- New Zealand credit card spending rose 0.9% m/m, 1.5% y/y.
- China September FDI down 6.8% totaling $8.34 billion.
- China Commerce Ministry September data alone can’t tell exports have bottomed. Retail sales likely to to pick up in coming months.
Let’s see how do we describe the market action tonight? ZZZ, ‘deadly dull’, range-bound, consolidating, guess you get the point in was extremely quite. TGIF
EUR/USD has offers above around 1.3080 and bids ahead of 1.3050 with stop below leading to more buying down at 1.3020/30. Range was 1.3077/1.3058.
USD/JPY showing offers at 79.50 with bids at 79.20. Tonight’s range was 79.43/79.26.
AUD/USD offers above 1.0380/00 bids below around 1.0340/50. The range was 1.0383/1.0354.
