•  
  • New York 19:48
  • London 00:48
  • Barcelona 01:48
  • Tokyo 09:48
  • Sydney 11:48
  • SignUp | Login

Start the Day

1

0

US regulators close seven banks yesterday, six in Illinois, bringing total to 52 so far this year

Fri, Jul 3 2009, 06:40 GMT
by Nicole Elliott

Mizuho Corporate Bank


Quote:

‘When there’s no future

How can there be sin

We’re the flowers in the dustbin

We’re the poison in your human machine

We’re the future

Your future

God save the Queen.’ The S*x Pistols


The News:

US regulators close seven banks yesterday, six in Illinois, bringing total to 52 so far this year.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

08:15 CH June CPI (-0.2% to +0.3% M/M, -1.3% to –0.8% Y/Y, versus +0.2% and –1.0% May).

09:30 GB June Services PMI (49 to 53 versus 51.7 May).

09:30 GB Bank of England’s Q1 Housing Equity Withdrawl (-£10B to -£7B versus -£8B Q4).

10:00 EZ16 May Retail Sales (-0.5% to +0.2% M/M, -3.8% to –2.5% Y/Y, versus +0.2% and –2.3% April).


The Psychology:

US Independence Day holiday.


The Risk:

Top-heavy equity indices break below recent lows.


Today’s most interesting chart: Euribor interest rate future

New record high.

Start


Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

Legal disclaimer and risk disclosure

The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.

Related reports

Gold nearly steady above 1060 $/oz by KBC Bank
Tue, Feb 9 2010, 11:08 GMT

Most likely this meant a reduction of inventories by Jyske Bank
Tue, Feb 9 2010, 08:22 GMT

EUR: Attempt tiny longs at 1.3715 by Mizuho Corporate Bank
Tue, Feb 9 2010, 07:27 GMT

EUR/USD: (1.3706) Retesting channel top off 1.4580 by KBC Bank
Tue, Feb 9 2010, 06:27 GMT

Market Morning Briefing by Kshitij Consultancy Service
Tue, Feb 9 2010, 03:51 GMT

interestrate, techbanks

[ View All ]

Related content

Forex: NZD/USD falls as RBA keeps rates in check
FXstreet.com | Tue, Feb 2 2010, 05:55 GMT

Forex: AUD/USD slides as interest rates remain unchanged
FXstreet.com | Tue, Feb 2 2010, 05:34 GMT

Asian FX market wrap: RBA leave rates unexpectedly unchanged
Forex Live | Tue, Feb 2 2010, 05:05 GMT

RBA decision might frighten market; encourage more risk aversion
Forex Live | Tue, Feb 2 2010, 04:02 GMT

Forex: Dollar flat, FOMC fail to move markets
FXstreet.com | Thu, Jan 28 2010, 04:58 GMT

interestrate, techbanks

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.