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EURUSD managed to hold above the 200 day moving average overnight...

Thursday, September 27, 2012 3:33 AM GMT

       Good Morning,

 

§  EURUSD managed to hold above the 200 day moving average overnight and managed to trade slightly higher. Spain will present the 2013 budget today and Greek PM Samaras and his coalition leaders will meet today also on the new budget.

 

§  Stocks: Nikkei +0.10 %, Hang Seng +0.85 %, Shanghai Composite +1.35 %, Dow Jones -0.33 %, S+P500 -0.57 %

 

§  Spanish Prime Minister Mariano Rajoy said the European monetary union is irreversible and pledged to take the necessary steps to get his country's economy back on track. "The roots of the European integration are deep and we are not going to go back," he said. "The advances sometimes are slow, but we must not forget that the institutions are working."

 

§  Spain will announce a series of economic reforms and a tight 2013 budget today.

 

§  ECB Liikanen said each country in the euro must manage its own public finances. * Says countries must have income to cover its expenses, borrowing costs * Says any bailouts must be strongly conditional * ECB's actions are conditional on any country asking for aid doing its own part; program is unlimited

 

§  The Federal Reserve should keep on with its current round of asset purchases until U.S. monthly jobs growth tops 200,000 for a couple of quarters, Chicago Federal Reserve Bank President Charles Evans said on Wednesday.

 

§  Prime Minister Yoshihiko Noda said Japan will never budge on its ownership over islands in the East China Sea also claimed by China.

 

§  China's central bank added a net 365 billion yuan to the financial system this week as cash demand rises before a weeklong holiday. * The amount is the highest in Bloomberg data going back to 2008

 

§  Chinese industrial companies' profits dropped for a fifth month in August, adding to signs the nation's economic slowdown is extending into a seventh quarter.

 

§  Australia Data Recap     Period     Survey     Actual    Prior      Revised

   * Job Vacancies               Aug             -         4.2 %    -5.3 %     -5.4 %

 

§  Australia Data Recap               Period     Survey    Actual    Prior

     * NBN   Activity Outlook               Sep         -           29.3       26.4

    

 

14:30

US GDP Q2 T

14:30

US Price Index Q2 T

14:30

US Personal Consumption Q2 T

14:30

US Core PCE Q2 T

14:30

US Durable Goods Aug

14:30

US Initial Claims

16:00

US Pending Home Sales Aug

17:00

US Kansas City Fed Manf. Activity Sep

08:00

Germany Import Price index Aug

09:00

Spain Retail Sales Aug

09:00

Spain Total Housing Permits Jul

09:55

Germany Unemployment Chagne Sep

09:55

Germany Unemployment Rate Sep

10:00

Eurozone M3 Aug

10:00

Italy Business Confidence Sep

10:00

Italy Economic Sentiment Sep

11:00

Eurozone CLimate Indicator Sep

11:00

Eurozone Consumer Confidence Sep

11:00

Eurozone Economic Confidence Sep

11:00

Eurozone Industrial Confidence Sep

11:00

Eurozone Service Confidence Sep

14:00

Spain's Cabinet approves the 2013 budget, followed by a news conference.

It

will be presented to parliament the following day.

15:00

Bundesbank Weidmann

19:00

BOP Costa

10:30

UK GDP Q2 F

10:30

UK Current Account Q2 F

10:30

UK Total Business Investment 2Q F

(CET)

Have a nice day ! 

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