Jan 7, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Euro zone economic confidence stronger than expected

Posted:

Euro zone economic confidence for December has come in at 91.3, up from 88.8 in November, and better than the median forecast of  90.0.

EUR/USD ensconsed in nice little range, USD/JPY firm

Posted:

EUR/USD sits at 1.4370 ensconsed for the time being in a nice little range with its parameters 1.4350-1.4400.  Reports have the BIS selling earlier up around 1.4400, while Asian sovereign buying has been noted down around 1.4355/65. We've got some euro zone data due at 10:00 GMT, so we might just see ...

EUR/USD lower on day; usual suspects in the vicinity

Posted:

EUR/USD is down at 1.4362 from an early 1.4400, the Dubai situation helping pressure the pairing. There are reports BIS has been seller up around highs, while Asian sovereign buying has been seen around the lows.

Cable lower on day

Posted:

Cable is trading down at 1.5950 from an early 1.6000. The pairing hasn't been helped by the latest news from Dubai (see 06:49 GMT update) BOE interest rate decision day.  Announcment due 12:00 GMT. Shouldn't provide any fireworks. Old Lady to leave rates unchanged at 0.5% QE £200 bln. Supports 1.5930/35, 1.5900, ...

Swiss CPI weaker than expected

Posted:

Swiss DecEmber CPI has come in at -0.2% m/m, +0.3% y/y, weaker than the median forecasts of +0.1%, +0.5% respectively. EUR/CHF trades at 1.4815, having been as low as 1.4767 overnight.  Question on everyone's lips is; where's the SNB?

USD/JPY steadies post Kan, but holding up fairly well

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Although off session high 92.86, USD/JPY is holding up fairly well, presently at 92.65.  Talk now of bids lining up down at 92.50.  Stops through 93.00. The new Japanese Finance Minister has certainly given the JPY bulls alot to think about.

Payrolls pool open for business

Posted:

http://www.forexlive.com/75075/all/payrolls-pool-open-for-business Come along Ladies and Gentlemen, don't be shy. Give it your best shot and give yourself a chance to win a fabulous forexlive t-shirt (yes, i do believe we've actually got some at long last)

Japanese FinMin Kan: Wants yen to weaken more

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Japan fiscal reform basically depends on boosting demand Should review budget in view of fact cash reserves in special accounts are limited Must work with BOJ to bring yen to appropriate levels Many Japanese firms in favour of USD/JPY at around 95 yen Never believed fiscal austerity good Japan has barely won market confidence by ...

Dubai concerns back on front burner

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Nikkei reports that a consortium of 4 Japanese and 1 Turkish general contractors will suspend construction of the Dubai metro as early as today because of a delay in payments from the Dubai government.

Fed’s Bullard: U.S. housing prices are stabilising

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U.S. housing starts likely to stabilise, to cease to be drag on GDP U.S. labour market improving, close to time when employment rate will start falling Inflation risk for U.S. is not next year, more a 2-5 year horizon

Sun’s General Election poll

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The YouGov poll for The Sun.  First poll of the New Year.

China guides bill yields higher, targets inflation

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China's central bank sold three month bills at higher interest rate for the first time in 19 weeks.

USD/JPY touch lower; new FinMin awaited

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New Japanese Finance Minister Kan is to give a press conference at 06:30 GMT.

EUR/USD opens little easier

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EUR/USD is opening a little easier in Europe, presently at 1.4385 compared to a North American close Wednesday around 1.4410. A few interesting pieces of euro zone data this morning: 10:00 GMT: Euro zone retail sales for November expected flat m/m, -1.9% y/y 10:00 GMT: Euro zone economic confidence for December expected 90.0 from ...

Jugular Balls?

Posted:

It isn't today's leadership challenge ruck that's at stake here, from where I'm sat sitting snuggled in from the snow. What's more, it all ended as quickly the way the last rebellion did, some six months back, presumably after Baron Munchtrousers once again threatened the rest of the revolting crew with whatever dirt or ...

Asian Market Wrap

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Economic Data New Zealand Trade Balance for November –NZD 269 million from –NZD 487.00 million in October (expectations –NZD 400 million). Imports NZD 3.34 billion, expectations NZD 3.4 billion. Exports NZD 3.07 billion, ...

Dollar attempting another move higher

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in quiet markets in what one trader out of Australia calls the  "New Year Blues". His perception of the market is that everyone is waiting for Europe and the shopping list of economic data there, followed by the Bank of England's decision on UK interest rates and then the US ...

New Japanese Finance Minister Naoto Kan

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to hold a press conference at 06.30 GMT

Dollar Yen moving lower testing the lows of the session

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trading around the 92.15 level rumours have it that it's another round of selling by exporters.

Oooops I spoke too soon

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Upward and onward goes the dollar. Euro sub 1.4400 and cable breaking 1.6000. Dollar Swiss at 1.0290 targeting 1.0300? Dollar Index higher on the day by 0.095 at 77.750

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