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Posts by "passion trader"
57 Posts Total by "passion trader":
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Posts by Anonymous "passion trader":
http://www.zerohedge.com/article/japan-redux-case-study-upcoming-us-lost-decade
http://www.zerohedge.com/article/japan-redux-case-study-upcoming-us-lost-decade
Private Sector Credit for June + 0.2 %m/m + 2.8 % y/y from 0.5 % m/m in May versus expectations of 0.4 % m/m
Housing Credit in June + 0.4 % m/m + 8.2 % y/y from + 0.7 % m/m in May
Other Personal Credit in June 0.3 % m/m + 3.1 % y/y from + 0.4 % m/m in May
Business Credit in June 0% m/m 5.0 % y/y from + 0.4 % m/m in May
Housing credit rose in June as a result in an increase in lending to both owner-occupiers and investors. Private credit weakened in June as consumers reacted to higher interest rates and wary of the economic recovery.
Aussie has steadily weakened throughout the session with traders taking risk off as is usually athe case ahead of the weekend. The Aussie was unchanged after the credit data at 0.8980/84.
Dollar Yen on his comments has dropped from 86.72/75 to 86.50/53 and the Euro Yen is now below 113.00 at 112.89/92.
Will JPY strengthen from here ?
Given their own ties to the EU, the Swiss released their own bank stress test results for their own largest banks. Test criteria & results supposed to be better. We havent seen details, though they could hardly be worse.
Given the paucity of CHF specific events, the Swissies continues to move with higher with risk aversion, thus the dubious EU banks stress tests should ultimately benefit the CHF, though it would likely lose ground to the safer, less EU-sensitive JPY and USD.
Support for the USDCHF holding above 1.0479, for the EURCHF above 1.3255