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- USD/JPY touch easier in slow trade; various interest noted
- AUD/USD firmer amidst talk of fix interest
- Euro zone to grow in 2010, but will be moderate and fragile
- Italian December business confidence better than expected
- EUR/USD rallies early, aided by stop action in EUR/JPY
- Cable touch firmer in early European trade
- Swiss consumption index highest since September 08
- U.S. economy to surge says most accurate forecaster
- UK unemployment “will peak at 2.8m” in 2010
- Russia’s Putin: United States shield plans remain biggest problem to new nuclear arms pact
- EUR/USD steady, narrow rangebound trade continues
- Asian Forex Wrap
- EUR holds 1.4350 first time
- S.Korea November Current Account $+1.17 Bln
- JAL shares tumble
- USD demand continues post fix
- Nikkei seesaws in thin conditions
- EURJPY technicals
- ASX200 up 0.8%
- Morning – Another rivetting day ahead
| USD/JPY touch easier in slow trade; various interest noted Posted: USD/JPY sits at 91.57, very marginally easier on the day. Talk of buy orders down at 91.40/50, while sell orders seen at 91.80 up to 92.00 where barrier option interest in touted. |
| AUD/USD firmer amidst talk of fix interest Posted: AUD/USD is up at .8940 from an early .8880. The move comes amidst talk of good demand for the aussie dollar lined up for today's 16:00 GMT London fix. |
| Euro zone to grow in 2010, but will be moderate and fragile Posted: The euro zone economy will continue to grow in 2010, but its recovery will be modest and fragile says ECB governing council member Yves Mersch. |
| Italian December business confidence better than expected Posted: Italian December business confidence rose to 82.6 from 79.4 in November, demonstrably better than the median forecast of 79.5 and the highest level since June 2008. EUR/USD has continued to edge higher, presently at 1.4430 having been as high as 1.4438 so far. Elsewhere cable tripped stops through 1.6055 reaching a session ... |
| EUR/USD rallies early, aided by stop action in EUR/JPY Posted: EUR/USD has seen a half-decent rally in early European trade, presently up at 1.4417 from around 1.4375. Russia was a notable buyer in this move higher, which was underpinned by stop loss buying in the EUR/JPY cross through 132.00. The cross is presently up at 132.25 from an early 131.80. |
| Cable touch firmer in early European trade Posted: Cable has put on about 25 pips in early European trade. presently at 1.6030. From here, technical resistances noted at 1.6050 (200 DMA) and 1.6055 (10 DMA) |
| Swiss consumption index highest since September 08 Posted: Swiss consumption rose to a 14-month high in November, but consumer spending will likely not recover fully until the second half of next year due to a weak job market UBS says. The UBS consumption indicator climbed to 1.28 in November, up from 0.88 in October, carrying on its improving trend ... |
| U.S. economy to surge says most accurate forecaster Posted: The U.S. economy next year will turn in its best performance since 2004 as spending perks up and companies increase investment and hiring, says Dean Maki, the most-accurate forecaster in a Bloomberg News survey. |
| UK unemployment “will peak at 2.8m” in 2010 Posted: Unemployment will peak at 2.8 million in 2010, according to the latest forecast from the Chartered Institute of Personnel and Development. |
| Russia’s Putin: United States shield plans remain biggest problem to new nuclear arms pact Posted: Russia needs to develop new offensive weapons systems to keep balance of power with Uinted States Russia needs access to more information on U.S. missile defence plans On matters financial Russia to adjust regulation to limit speculative capital inflow Too early to say what capital control measures will be, promises no revolutions Russia not yet ... |
| EUR/USD steady, narrow rangebound trade continues Posted: Well back from the Christmas break, but hard to see us getting back to anything approaching normal trading conditions ahead of next week . EUR/USD sits at 1.4370. Some euro zone data scheduled for today, but not likely to move the market much, if at all. Euro zone CPI for December (prov) expected +0.6% ... |
| Posted: Slight US dollar demand at Tokyo fix. EURUSD pulls back to 1.4350, Bids hold it up. Asian Bourses mixed, ASX200 up 1.4% as it plays catch up after the long weekend,Nikkei down 0.1% as profit taking and JAL shares weigh on market. Kospi down 0.8%, Shanghai down 0.4%. South Korea November current account surplus ... |
| Posted: Talk of standing bids from US names ahead of 1.4350 has stopped the any further pull back for now, with the EUR seeing a small bounce up 20 pips. Its still a 1.4350 - 1.4400 range until either side breaks. |
| S.Korea November Current Account $+1.17 Bln Posted: South Korea's current account surplus fell to $1.17 Bln s/adj in November from a revised $3.25 Bln in October. Before seasonal adjustments it came in at $4.28 Bln in Novemebr compared with a revised $4.76 Bln in October. It was the 10th consecutive month of surplus. |
| Posted: Shares of Japan Airlines have fallen nearly 10% today amid talk that it maybe put through bankruptcy court as part of a state bailout similar to Chapter 11 in the US. |
| Posted: The demand for USDJPY heading into the fix a couple of hours, has continued as we head into the afternoon. USDJPY saw an initial spike from 91.60 to 91.75 with no retracement back under 91.60. Look for 91.50 area to continue to hold this afternoon as we look to test ... |
| Nikkei seesaws in thin conditions Posted: The Nikkei opened down 0.2%, but after holding the 10600 level it put in a fresh 4 months high at 10683 before returning to opening levels. Traders say conditions are thin and choppy. Trading houses are supporting the index, while exporter stocks are finding profit takers are leaning on them. No effect ... |
| Posted: Rising bottoms over the last week or so lends support, with the 131.30 area the level to watch on the day. Topside, we see both the 100 day and 200 day MA come in around 133.00, which makes the level the one to watch on the topside. However, EURJPY has ... |
| Posted: Good start to the Australian stockmarket, trading up 0.8% as traders come back from the Xmas break. Still conditions are thin and volumes low. Resource stocks are up as are bank stocks. BHP up 0.7%, ANZ up 1%. The Nikkei is also likely to extend gains today after US stocks hit ... |
| Morning – Another rivetting day ahead Posted: Morning all, hope everyone enjoyed the holidays. We find ourselves a touch higher from where we left it last Thursday in Sydney. EUR seems to be struggling to regain the 1.44 handle since the option expired at that level about 10 hours ago. Look for immediate support here at 1.4370 then 1.4350. Topside, 1.4400-20 ... |
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