Forex news and forecasts archive for 2002-03-07

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07/03/2002 08:18 GOOD MORNING !

07/03/2002 09:03 NIKKEI 225 INDEX CLOSES UP 289.81 PTS AT 11,648.34

07/03/2002 09:44 SWISS Q4 GDP UP ANNUALISED 0.1 PCT, UP 1.3 PCT YR-ON-YR

07/03/2002 10:04 UK FEB HALIFAX HOUSE PRICES +1.5% M/M; +16.9% Y/Y

07/03/2002 10:25 SHIOKAWA - CURRENT FOREX MOVEMENT LITTLE BIT EXCESSIVE

07/03/2002 10:31 SHIOKAWA - HAS ISSUED ORDER TO WATCH CLOSELY FOR SPECULATIVE FOREX MOVES

07/03/2002 10:36 Calendar for March 7-8

07/03/2002 10:53 European Forex Trading Preview by Jes Black

07/03/2002 11:05 ITALY DEC BIG INDUSTRY EMPLOYMENT DOWN 3.5 PCT YR-ON-YR

07/03/2002 11:15 Swiss franc shrugs off GDP data, rate cut talk ends

07/03/2002 11:55 Sterling rises to 10-day high vs broadly weak dollar

07/03/2002 12:09 Nikkei Rises To Highest Level Since Aug. 2001

07/03/2002 12:32 UK NOV-JAN HOUSING STARTS +3% Q/Q; +8% Y/Y

07/03/2002 12:34 Forex - Yen firms in early London trade Japanese officias comments

07/03/2002 12:51 Eyes on Greenspan as Upbeat Data Pours In

07/03/2002 13:20 VDA:GERMANY FEB NOMINAL CAR PRODUCTION -12% Y/Y

07/03/2002 13:21 VDA:GERMANY FEB NOMINAL CAR PRODUCTION -12% Y/Y

07/03/2002 13:23 VDA: GERMANY FEB NOM. CAR REGISTRATIONS +1% Y/Y

07/03/2002 15:00 BANK OF ENGLAND LEAVES REPO RATE UNCHANGED AT 4.00%

07/03/2002 15:01 BOE GIVES NO EXPLANATION FOR INTEREST RATE DECISION

07/03/2002 15:51 ECB LEAVES VARIABLE REFI MINIMUM BID RATE UNCHANGED AT 3.25%

07/03/2002 15:51 ECB LEAVES DEPOSIT AND MARGINAL LENDING RATES UNCHANGED

07/03/2002 16:24 FEDERATED U.S. SAME STORE SALES DOWN 2.8% IN FEB VS YR AGO

07/03/2002 16:24 FEDERATED TOTAL U.S. SALES $1.048BLN IN FEB VS $1.079BLN YR AGO

07/03/2002 16:31 US JOBLESS CLAIMS -5,000 TO 376,000 IN MAR 2 WEEK

07/03/2002 16:31 REVISED 4Q US UNIT LABOR COSTS -2.7% VS PREV -1.1%;Y/Y +1.8%

07/03/2002 16:31 4Q US OUTPUT +1.2% (PREV -0.4%),HRS WORKED -3.8%(PREV -3.7%)

07/03/2002 16:32 4Q US COMPENSATN +2.3%(PREV +2.3%);REAL COMP +2.6%(PREV +2.8%)

07/03/2002 16:32 4Q US IMPLICIT PRICE DEFLTR -0.6% (PREV -0.7%); Y/Y +1.3%

07/03/2002 16:32 4Q US MFG OUTPUT -6.7% (PREV -7.2%);HRS -10.4% (PREV -10.4%)

07/03/2002 16:32 2001 US NONFARM PROD NOW +1.9%(PREV +1.8%); ULC +3.8% (+3.9%)

07/03/2002 16:38 US INITIAL CLAIMS 4-WK AVG -1,250 TO 372,750 MAR 2; 7-MO LOW

07/03/2002 16:38 US CONT. CLAIMS -61,000 TO 3.406 MLN IN FEB 23 WEEK

07/03/2002 16:38 US INITIAL CLAIMS REV TO +20K TO 381K IN FEB 23 WK (PREV 378K)

07/03/2002 16:39 US LABOR DEPT: CLAIMS SEAS ADJ, REVISIONS EXPECTED LATE-MARCH

07/03/2002 16:39 DUISENBERG: HICP INCREASE IN JANUARY HAD BEEN EXPECTED

07/03/2002 16:39 DUISENBERG:GOOD REASONS TO SEE END-02 EMU GDP IN LINE W/POTENT

07/03/2002 16:40 DUISENBERG: NO EVIDENCE EURO INTRO. HAD BIG IMPACT ON INFL.

07/03/2002 16:40 DUISENBERG:ANNUAL EMU INFL. SHOULD FALL BELOW 2% IN 2002

07/03/2002 16:40 DUISENBERG:ECB SEES FEW UPWARD PRESSURES ON INFL. IN MED-TERM

07/03/2002 16:46 DUISENBERG:SOME CAUSE FOR CONCERN ON ON-GOING WAGE NEGOTIATIONS

07/03/2002 16:46 DUISENBERG: WAGE MODERATION CRUCIAL FOR EMU PRICE STABILITY

07/03/2002 16:46 DUISENBERG:WAGE MODERATION CRUCIAL FOR MED-TERM PRICE STAB.

07/03/2002 16:47 DUISENBERG REPEATS NEED FOR EMU STRUCTURAL REFORMS

07/03/2002 16:47 DUISENBERG:MUST REMAIN VIGILANT ON STRICT STAB.PACT OBSERVANCE

07/03/2002 16:47 DUISENBERG:CONTINUED HIGH EMU UNEMP. SUGGEST NEED LABOR REFORM

07/03/2002 16:47 DUISENBERG:EXPECT EMU GDP AT END 2002 AT 2-2.5% POTENTIAL RATE

07/03/2002 16:48 DUISENBERG:RECENT DROP OF PPI SHOULD SOON BE SEEN IN HICP

07/03/2002 16:48 DUISENBERG: REFUSES COMMENT ON ECB VP CANDIDATES

07/03/2002 16:52 NOYER:ECB NOMINEES MUST HAVE MONETARY AND FINANCIAL EXPERIENCE

07/03/2002 16:52 NOYER:BEYOND THAT, CHOICE OF ECB VP A MATTER OF JUDGMENT

07/03/2002 16:52 NOYER:EXACT ROLE OF ECB VP CAN BE CHANGED BY ECB EXEC. BOARD

07/03/2002 16:53 DUISENBERG:'INDEED REASONABLY OPTIMISTIC' ON EMU RECOVERY

07/03/2002 16:53 DUISENBERG:EXPECT EMU GROWTH TO EXTEND INTO 2003 AND 2004

07/03/2002 16:55 DUISENBERG:NOT CHANGED MIND ON SPEED OF HICP DECELERATION

07/03/2002 16:55 DUISENBERG: NO COMMENT ON US STRONG DOLLAR POLIC

07/03/2002 16:55 DUISENBERG: US STEEL TARIFFS 'DEPLORABLE ACTION'

07/03/2002 16:55 DUISENBERG:US STEEL TARIFFS MAY HAVE TO DO WITH STRONG DOLLAR

07/03/2002 17:04 DUISENBERG: ECB BELIEVES EMU ECON. REACH BOTTOM IN EARLY 2002

07/03/2002 17:04 DUISENBERG:DO SEE SOME M3 COMPONENTS SHOWING MODERATION SIGNS

07/03/2002 17:05 DUISENBERG:BUT MUST WATCH M3 GIVEN SIGNS OF EMU ECO RECOVERY

07/03/2002 17:05 ECB NOYER: EX-PORTFOLIO SHIFTS, M3 GROWTH ABOUT 5%

07/03/2002 17:07 DUISENBERG:STEEL DISPUTE TO HAVE NEGLIGIBLE IMPACT ON EMU ECON

07/03/2002 17:11 DUISENBERG:BIGGEST IMPACT OF STEEL TARIFFS ON US CONSUMERS

07/03/2002 17:11 DUISENBERG:BACKS MOVES TO AVOID PROTECTIONISM, TRADE WAR

07/03/2002 17:11 DUISENBERG PRESS CONFERENCE ENDS

07/03/2002 18:09 GREENSPAN REVISES TEXT: RECOVERY 'WELL UNDER WAY'

07/03/2002 18:10 GREENSPAN TEXT ADDS POSITIVE ELEMENTS,DROPS SOME ECON CAUTIONS

07/03/2002 18:10 GREENSPAN: CONTRACTION PHASE 'HAS DRAWN TO A CLOSE'

07/03/2002 18:10 GREENSPAN: SEES 'ENCOURAGING SIGNS IN RECENT DAYS'

07/03/2002 18:10 GREENSPAN:UNDERLYING TRENDS IN FINAL DEMAND ARE STRENGTHENING

07/03/2002 18:10 GREENSPAN TEXT CHANGES FOR SENATE TESTIMONY ACCELERATE UPTURN

07/03/2002 18:11 IMF ARTICLE IV: UK SLOWDOWN LIKELY TO BE RELATIVELY BRIEF

07/03/2002 18:11 IMF:RISK PRIVATE CONSUMPTION MIGHT NOT DECELERATE AS EXPECTED

07/03/2002 18:11 IMF: RISK OF WEAKER GLOBAL RECOVERY, DEEPER INVESTMENT SLOWDN

07/03/2002 18:11 IMF: EXCESSIVE GOVT DEMAND PUSH CLD REQUIRE SHARPER RATE RISES

07/03/2002 18:11 IMF: BOE SHOULD BE PREPARED TO MOVE RATES IN EITHER DIRECTION

07/03/2002 18:12 IMF: BUT FURTHER MONETARY EASING RISKS INCREASING DEBT RATIOS

07/03/2002 18:12 IMF: UK GOVT SHOULDN'T RAISE STRUCTURAL DEFICIT ABOVE PBR PATH

07/03/2002 18:12 IMF: 3M INTERBANK RATES FORECAST TO RISE TO 5% IN 2002

07/03/2002 19:00 GREENSPAN:SKEPTICAL OF NEW PRODUCTIVITY REVISION

07/03/2002 19:00 GREENSPAN:MORNING'S PRODUCTIVITY REVISION 'VERY UNLIKELY'

07/03/2002 19:11 GREENSPAN:DYNAMIC ANALYSIS BETTER THAN STATIC RE FISCAL POLICY

07/03/2002 19:11 GREENSPAN:BUT ECONOMISTS CAN'T AGREE ON DYNAMIC ANAL MODEL

07/03/2002 19:13 GREENSPAN:ACTUAL CREDITWORTHINESS OF BORROWERS HAS COME DOWN

07/03/2002 19:13 GREENSPAN:CREDIT TIGHTENING DOESN'T AMOUNT TO '90S CRED CRUNCH

07/03/2002 19:15 GREENSPAN:WHEN DOLLAR STRENGTHENS, HAMPERS EXPORTS

07/03/2002 19:17 GREENSPAN:MFG JOBS FALLING FOR LONG TIME AS PRODUCTIVITY UP

07/03/2002 19:17 RIKSBANK'S BACKSTROM: CONCERNED ABOUT INFLATION PROSPECTS

07/03/2002 19:17 GREENSPAN:MFG EFFECT ON GDP NOT MUCH CHANGED DESPITE JOBS LOSS

07/03/2002 19:17 BACKSTROM: MAY RAISE REPO RATE MARCH 18, MAY 'GO ON WAITING'

07/03/2002 19:19 BACKSTROM: SWEDEN ALREADY HAS 'GOOD DEAL OF STIMULI'

07/03/2002 19:21 GREENSPAN DEFENDS RAISING RATES PRIOR TO RATE CUTS

07/03/2002 19:22 GREENSPAN: RE RAISING RATES,'WE DID NOT HAVE AN ALTERNATIVE'

07/03/2002 19:23 GREENSPAN:NOT FED'S JOB TO OVERRIDE DECISIONS OF INVESTORS

07/03/2002 19:24 GREENSPAN:FED VIEWS MON POL AS VEHICLE TO MAXIMIZE GROWTH

07/03/2002 19:27 GREENSPAN:FED RESPONDS TO WEALTH EFFECT,DOESN'T CHANGE IT

07/03/2002 19:27 GREENSPAN:MON POL IN LONG RUN WOULDN'T ALTER ASSET VALUES

07/03/2002 19:28 GREENSPAN:'DOUBT VERY MUCH'ECON TO SAG WITHOUT STIMULUS PKG

07/03/2002 19:29 GREENSPAN:DECADE END DEMOGRAPHIC BULGE REQUIRES MORE SAVINGS

07/03/2002 19:30 GREENSPAN:'CLOCK IS TICKING'ON APPROACHING RETIREES BULGE

07/03/2002 19:31 SOURCES:LUX. WILL ONLY NOMINATE ECB VP CANDIDATE IF DEADLOCK

07/03/2002 19:31 LUX. SOURCES: PAPADEMOS FRONT-RUNNER BUT POLITICS UNCERTAIN

07/03/2002 19:31 GREENSPAN:RPTS,UNDERWRITERS CAN'T ASSESS TERROR RISKS

07/03/2002 19:34 GREENSPAN:TERROR EFFECT ON INSURANCE NOT SHOWING UP IN ECONOMY

07/03/2002 19:34 GREENSPAN:TAXPAYER BACKING OF INSURERS COMES AFTER TERROR ACT

07/03/2002 19:34 GREENSPAN:OFF BALANCE SHEET CONSTRUCTS WHAT DID IN ENRON

07/03/2002 19:35 GREENSPAN:REPEATS,DERIVATIVES NOT CAUSE OF ENRON COLLAPSE

07/03/2002 19:36 GREENSPAN:NOTES,ENRON DERIVATIVES OPERATION WAS SOLD

07/03/2002 19:36 GREENSPAN:DERIVATIVES NOT 'SMOKING GUN' IN ENRON

07/03/2002 19:38 GREENSPAN:IF DERIVS INCREASED RISK,WOULDN'T HAVE GREAT DEMAND

07/03/2002 19:52 GREENSPAN:PREFER CAP GAINS TAXES REPLACED W/OTHER REVENUE

07/03/2002 19:52 GREENSPAN:IN GENERAL,STRONGER DLR CAUSED BY INVESTOR PREFERNCE

07/03/2002 19:53 GREENSPAN:TRADE DEFICIT IMPLIES EVER INCREASING FOREIGN CLAIMS

07/03/2002 19:53 GREENSPAN:TRADE DEF CAN'T GO ON INDEFINITELY,HISTORY SHOWS

07/03/2002 19:53 GREENSPAN: CAPITAL SURPLUS DRIVING EXCHANGE RATE

07/03/2002 19:53 GREENSPAN: DON'T KNOW WHEN FOREX,CAPITAL TRENDS TO CHANGE

07/03/2002 19:54 GREENSPAN:VERY STRONG PROPONENT OF FREE TRADE

07/03/2002 19:54 GREENSPAN:US BENEFITS MORE THAN ANY COUNTRY IN OPEN TRADING

07/03/2002 19:55 GREENSPAN:MUCH US STANDARD OF LIVING DEPENDS ON WORLD TRADE

07/03/2002 19:58 GREENSPAN:'HAPPEN NOT TO AGREE' WITH BUSH STEEL SANCTIONS

07/03/2002 20:02 GREENSPAN:EVEN THO ENRON A TRAGEDY,PROBABLY POSITIVE AFTEREFF

07/03/2002 20:02 GREENSPAN:AT END OF DAY,ENRON COLLAPSE PROBABLY A NET PLUS

07/03/2002 20:02 GREENSPAN:ALL FORECASTERS STRUGGLING W/JAPAN DEFLATION ENVIRO

07/03/2002 20:02 GREENSPAN:'SUSPECT IF WE TURN AROUND'HELPFUL TO JAPAN

07/03/2002 20:02 GREENSPAN:NOT CONFIDENT HOW TO FORECAST RE JAPAN

07/03/2002 20:06 GREENSPAN:NOT SEEING STRESS IN AGRICULTURAL CREDIT SYSTEM

07/03/2002 20:06 GREENSPAN:NOT AWARE OF BANKS BALKING AT AG LOANS

07/03/2002 20:06 GREENSPAN:CALIF ENERGY PRICES WERE FUNCTION OF CAPACITY BUFFER

07/03/2002 20:09 GREENSPAN:DON'T NEED DERIVATIVES TO EXPLAIN CALIF ENERGY PRICE

07/03/2002 20:09 GREENSPAN:NO NEED TO CHANGE UNDERLYING COMMOD EXCHANGE ACT

07/03/2002 20:10 GREENSPAN: REPEATS,SUPPORT EXTENDING UNEMPLOY INSUR BENEFITS

07/03/2002 20:24 GREENSPAN:NO WAY FED HAS BETTER JUDGMENTS ON LOANS THAN LENDER

07/03/2002 20:24 GREENSPAN:REMARKABLE THAT DERIVS DEFAULTS'UNIMAGINABLY LOW'

07/03/2002 21:28 EURO BREAKS ABOVE $0.8820 ON STOP-LOSS BUYING, FIRST SINCE JAN