0938 GMT [Dow Jones] EUR/JPY price action Tuesday suggests its corrective decline is coming to an end and that the bids are back, says Barclays Capital. Near-term the bank looks for the cross to settle in a 166.50-168.75 range and its bias is to buy dips for a test of 170.00 sometime in July. EUR/JPY now at 168.25. (GST)

Между тем, индекс цен производителей в Еврозоне вырос сильнее, чем ожидалось на фоне удорожания энергоносителей. Месячный рост составил 1.2%, тогда как в годовом исчислении рост составил 7.1%. Показатели прошлого месяца были также пересмотрены в сторону повышения. Это самый значительный рост с сентября 1982 года. Однако, данные не произвели особого впечатления на евро, который в настоящее время торгуется в области 1.5795.

DJ MARKET TALK: O/N Rates Edge Up On Trichet, ECB Tender
1014 GMT [Dow Jones] Overnight euro money market rates edge up Wednesday on more hawkish chat from Trichet, who warned of a possible price "explosion", and following Tuesday's weekly tender which saw a marginal rate of 4.15%. "For some houses it didn't make sense to take up the tender, but to refiance overnight," says one German dealer. Overnight rates now trade at 3.90%-3.95% after 3.80%-3.88% late Tuesday, but still below the ECB's main policy rate of 4%. 1-week Euribor fixed at 4.136% after 4.130% Tuesday; 3-month Euribor was set at 4.956% after 4.955%. Markets await more rate guidance from Trichet's press conference Thursday. (NMK)

Provided by: Market News International

DJ US Paulson: Regulators Need Power To Handle Non-Bank Failures

By Tom Barkley

Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--U.S. Treasury Secretary Henry Paulson will call Wednesday for an expansion of regulatory powers to ensure that the failure of a non-bank financial institution doesn't threaten the whole financial system.

Paulson, in the latest demonstration of how the near-collapse of Bear Stearns Cos. is changing the regulatory landscape, will say in a speech in London that a new resolution process is needed to deal with firms such as investment banks facing failure.

"The financial landscape has changed, and non-bank financial institutions play a significantly greater role," Paulson will say, according to prepared remarks. "We need to consider broadly the resolution regime in light of these changes."

His comments mark a further evolution of the Treasury's plan for a complete overhaul of the U.S. regulatory system. A blueprint released in March provided broad recommendations for realigning the patchwork system of supervisors to be more effective, with the Federal Reserve seen taking on the role of market stability supercop.

However, the Fed's central role in facilitating JPMorgan Chase's (JPM) rescue of Bear Stearns that month has given more urgency to the effort. Last month, Paulson pushed for rapid progress in giving the Fed greater authority over investment banks, while suggesting that the issue of how to handle a non-bank failure also needs to be resolved.

The Fed regulates depository banks, while the Securities Exchange Commission supervises investment banks. However, the Fed has been lending to investment banks through a new facility since March, so it is working with the SEC on a memorandum of understanding to formalize an information-sharing system.

While not prescribing a specific resolution process for non-banks, Paulson is for the first time laying out a broad outline that foresees a role for the executive branch.

"In my view, looking beyond the immediate market challenges of today, we need to create a resolution process that ensures the financial system can withstand the failure of a large complex financial firm," he will say. "To do this, we will need to give our regulators additional emergency authority to limit temporary disruptions."

The bar for the new powers should be high, to reinforce market discipline, and "should be an extraordinary event that requires the engagement of the executive branch," Paulson will say.

In addition, costs should be imposed on creditors and shareholders, with minimal impact on taxpayers, he will say.

Paulson's recommendations follow a similar call by Federal Deposit Insurance Corp. Chairman Sheila Bair last month to devise a system to handle the failure of investment banks. One option Bair suggested was a receivership similar to the process her agency uses in dealing with the failure of commercial banks.

-By Tom Barkley, Dow Jones Newswires; 202-862-9255; tom.barkley@dowjones.com

PS. Я об информативности (особенно последнего поста , да и перед ним смотрю тоже ).
Я тебе гарантирую, что англоязычный люд сюда почти не заходит.

Новость 26 пунктов вниз.

К сожалению передержал позицию. Движения сильного не последовало.
Было два варианта держать всю сессию или взять то что есть.
Когда надоело смотреть на откат закрыл. Итого 6п.
Видимо нужно было брать 15-20п.

На момент выхода новости цена евро 5781.

Думаю рынок не оценил.
Цена сходила вниз до 5776 и вверх до 5785.
Все.

Цена пошла вверх. Сейчас 5795.
Но не думаю что есть связь.
Просто новость отправила цену к спросу на 5775 что вызвало увеличение покупок.

$1.5775/70 Умеренный спрос/стопы
$1.5750 Умеренный спрос

Было бы разумно теперь учитывать что новость может догнать цену до уровня.
Там ставить лимитник на отскок.
Думаю как раз спрос в районе 5775 и вызвал текущее повышение.

Если учитывать движение то фактически 22 п. Если лимитник стоял бы на спросах то можно было взять 20 п. или 15п.

BULLET: EURO SUMMARY: Opened in early Europe around $1.5808..
EURO SUMMARY: Opened in early Europe around $1.5808
--Euro-dollar closed in NY Tuesday at $1.5792/95, having seen a late
rally to $1.5827 on reported US Paulson comments (after a meeting with
ECB Trichet), easing back to $1.5773 as Wall Street moved into
positive territory before closing at the mentioned level. Rate
initially dipped to $1.5787 in early Asia, reacting to CTA euro-yen
sales, bouncing back on order exhaustion, rallying up to a session
high of $1.5818 before drifting back to $1.5810/00.
--Early Europe added to the underlying bid tone, lifting the rate
through the earlier high and on to $1.5826 initially. Strong euro-yen
demand reinforced the bid tone, with the rate able to advance to a
$1.5850 high. Traders said the rate traded at 50 three times, leaving
the barrier at that level still in tact, with euro-dollar later
slipping back under $1.5800 ahead of the US open, with traders noting
Asian sovereign supply on the way down.
--Offers/barrier $1.5850, stops $1.5860, offers $1.5880, bids $1.5775/70

Provided by: Market News International