Jan 1, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

ForexLive US wrap-up: Choppy at year-end

Posted:

US weekly jobless claims fall to 432,000 from 454,000 NY NAPM dips to 59.7 in December from 62.9 in November Tear gas used on opposition protests in Tehran Chicago PMI revised lower just one day after release: now 57.9 from 60.0 US 10-year notes reach 3.88% yield intraday Oil brushes $80 on Iran, US growth ...

Here’s one to polish off 2009

Posted:

The folks at Jib-Jab send off 2009 in style.

Heavy offers in USD/JPY around 93.15

Posted:

Traders report very lumpy offers in the 93.14/15 area, with about $250 mln on offer there. Looks like we may just range trade for the balance of the session, with any luck. Markets are razor thin and taking short-term punts in this market looks to be a fools errand. I'm winding things ...

Dust settling but dollar still strong

Posted:

EUR/USD got a mild boost at the 16:00 GMT fixing but it had to rebound from session lows to get to the 1.4345/50 area. We've now eased back to the 1.4320s despite a downward revision to the Chicago ISM data released just a day ago. CNBC says there was some ...

Well that was fun…

Posted:

The fixing has come and gone and there was some decent fireworks headed into the setting. EUR/USD fixed somewhere around 1.4347, I'd guess and is now lower, at 1.4337. USD/JPY made a new high for the move at 93.10 during the 16:00-16:01 fixing period...It trades still above 93.00, at 93.05. Looks ...

A boo-boo in Chicago PMI?

Posted:

Reuters is running a headline saying the December Chicago PMI has been revised to 58.7 versus the 60 reported yesterday. No story yet, but this is the first time I've ever seen a revision a day after a release. More when it is available...

Latest chatter

Posted:

Looking for AUD/USD sellers to offset unmatched buy orders Looking for USD/JPY sellers to offset unmatched buy orders Update at 15:53: Brokers now looking for EUR/USD sellers..have unmatched buyers...

USD/JPY clears 93.00; 93.3 next resistance

Posted:

USD/JPY has broken clear of 93.00, rising to 93.05 so far. 93.30 is next resistance, a top from early September.

Fixing chatter picking up

Posted:

Brokers are looking for sellers of GBP/USD (they have more buyers than sellers) They are looking for sellers of USD/JPY They are looking for buyers of EUR/USD, belying earlier talk of EUR/USD demand at the 16:00 GMT fixing.

USD/JPY closing in on 93.00

Posted:

The greenback continues its march higher. approaching the 93.00 level. Barriers are rumored at that level and in excess of $250 mln is on the offer via EBS at that level.

Turkey in talks with IMF

Posted:

EUR/USD is sliding as the IMF says it could send a mission to Turkey "in short order" if requested. This has traders nervous about European banks' exposure to the erstwhile EU aspirant. EUR/USD has eased to 1.4342. Traders who tried to front run the fixing by hours are feeling some pain ...

Dollar recouping lost ground

Posted:

The greenback is making a modest recovery in the wake of upbeat jobless claims data which has bulls hoping for continued momentum in the US economic recovery when 2010 gets underway. US bond yields are firm, especially at the short-end of the curve. 2-year notes are up to 1.18% from 0.68% ...

Oil futures brush $80

Posted:

Signs of US economic life are helping boost oil futures. The reached a high of $80 before stalling. Earlier this month the fell to $68...

Big boys betting against Japan

Posted:

The Journal reports that some of the hedge funds that made fortunes betting on a housing bust in the US are now betting on big financial troubles in Japan. It's not just the US and UK that are in the cross-hairs in terms of sovereign debt worries among the major ...

NY NAPM 59.7 in Dec from 62.9 in Nov

Posted:

The New York City economy continued to grow in December but less robustly than in November. EUR/USD is digesting a drop in jobless claims. It trades at 1.4385 after a dip to 1.4375.

Claims fall to 432,000 from 454,000

Posted:

Could be wonky because of the holiday. Dollar is a touch firmer. EUR/USD at 1.4392.

Banks expecting dollar sales at fixing

Posted:

Several of the big banks try to model the month-end flows and they are predicting EUR  and JPY demand at 16:00 GMT. Judging by the price action so far, they may already be positioned for the expected flows. Coming soon is the weekly jobless claims data. Holidays may distort the data, ...

ForexLive European Morning Wrap; USD weak into year end

Posted:

ECB's Bini Smaghi: Unemployment expected to continue to rise in coming months. Sectors like construction, cars, finance will never return to pre-crisis growth levels French EcoMin Lagarde: Q4 will be as good or a little better than Q3 UK Nationwide house prices +0.4% m/m, +5.9% in December, stronger than median forecasts of ...

Cable extends rally

Posted:

Cable has moved higher again, presently at 1.6165. Resistances at 1.6175/80, 1.6200 and 1.6228.

EUR/CHF selling off

Posted:

EUR/CHF is down at 1.4835 from an early 1.4865, the swissy bulls happy to probe for signs of meaningful SNB interest.  Many are voicing surprise at the lack of interest being show by the Swiss National Bank to curtail the recent burgeoning swissy strength. There is talk of 1.4800 barrier option ...

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