NEWS: Germany's Bundesbank cuts German 2013 GDP forecast to 0.4% from 1.6%
REACTION: Within 2 minutes of the release; EUR/USD moved lower from 1.2964 to 1.2947, Mar Bund edged higher from 145.65 to 145.73 and Dec Dax moved lower from 7545 to 7534.
NEWS: 7.8 magnitude Earthquake reported in Japan off Sanriku according to JMA.
REACTION: Upon this announcement, over the space of 5-10 minutes USD/JPY gradually moved from 82.38 down to session lows at 82.18. Then at 0830 the Pacific Tsunami Warning Centre said that there is no risk of widespread Tsunami from the quake, USD/JPY then started retracing the initial move lower, after around 30 minutes it was back to pre-announced levels of 82.38.
NEWS: ECB's Makuch says rate cut possible in 2013 and there was a very serious debate on interest rates at Thursday's policy meeting.
REACTION: EUR/USD fell to fresh lows, moving lower by 10 pips from 1.2927 to 1.2917 over a 2 minute period. Bund futures moved higher by 8 ticks over 60 seconds from 145.59 to 145.67. Mar Euribor moved 1 tick higher from 99.86 to 99.87 in a immediate reaction.
NEWS: Majority of ECB governing council said to support rate cut according to sources
REACTION: In reaction to this headline Mar Euribor immediately moved higher from 99.86+ to 99.88. EUR/USD fell from 20 pips from 1.2920 to 1.2900.Bund futures climbed 10 ticks from 145.64 to 145.74.
NEWS: Macy's board increases share repurchase authorization by USD 1.5bln
REACTION: Macy’s shares moved 0.8% higher in reaction to this announcement over a two minute period to hit a high at USD 39.26.
07 Dec 2012 - 15:03 - Forex Bank Speaker - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: