Jan 8, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Sterling extends gains

Posted:

Cable has advanced to a session high 1.6034 at writing.  EUR/GBP is down at session low .8937. As well as QE speculation, sterling is garnering support from the latest opinion poll in The Sun which shows the Conservatives extending their lead over Labour after the plot to remove Brown. This decreases the possibility of ...

Japan PM Hatoyama: Desireable for forex rates to move in stable manner

Posted:

USD/JPY has slipped below 93.00, presently at 92.95.

Cable extends rally, trips stops

Posted:

Cable breezed through sell orders at 1.5995/00 tripping stops just above 1.6000.  There is a growing feeling that the Bank of England could be done as far as quantitative ease is concerned and this is lending sterling general support. Resistances now at 1.6020/25 and 1.6050.

USD/JPY seeing calm trade; buy orders, stops noted

Posted:

USD/JPY sits at 93.15, seeing fairly calm trade early on in Europe. Talk of buy orders down at 93.00/10 with stops seen through 92.90. Japanese PM Hatoyama says "the government, at least as far as I am concerned, basically has no need to coment on currencies." Meanwhile FinanceMinister Kan says it's his job ...

Bank set to close the £200 bn printing press

Posted:

Bank's MPC likely to suspend QE in February, reports The Independent. There seems to be a growing feeling that the Old Lady is just about done with quantitative easing and this is giving sterling a lift.  EUR/GBP is down at .8950 from early .8975,  while cable is edging toward 1.6000.

Japan braves bond markets with high-risk plans, talks down the yen

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Latest from AEP.

Cable ticks higher

Posted:

Cable has ticked a little higher in orderly early European trade, presently at 1.5970.  Talk of sell orders up at 1.5995/00 with stops probably parked not far north of there, although i haven't confirmation of that as yet. Data due at 09:30 GMT:  December PPI. Input prices expected -0.2% m/m, +6.5% ...

EUR/USD moves….

Posted:

Well sort of. We're presently up at 1.4320. Talk has it that the BIS bought on the dip below 1.4300 earlier. Also talk of "sovereign" buyers re-emerging on the dip. I think the UK really is running out of energy. I'd swear my crap low energy light bulb is even more low energy ...

German trade better than expected

Posted:

German November trade surplus has come in at s.a 17.2 bln versus 12.7 bln in October, and demonstrably better than the median forecast of 12.4 bln. Exports up +1.6% m/m, imports down -5.9% EUR/USD comatose at 1.4310. Current account surplus for November 18.1 bln.

The train now departing from platform 1……

Posted:

is the non-farm payroll express. Couldn't be a British train, cos if it was  it wouldn't be going anywhere.  We've got half an inch of snow so the country has ground to a halt. http://www.forexlive.com/75075/all/payrolls-pool-open-for-business Give it a go, you know you want to. And do me a favour, have a quick look ...

Greek FinMin says EU wants Greece to cut spending as much as possible

Posted:

Who'd have thunk it.   Greece's plan to cut deficit to 3% EU limit in 3 years was Government's own decision Greece not thinking of raising retirement age EUR/USD having dipped briefly to 1.4288 is back up at 1.4310 in very quiet trade.

Swiss December unemployment 4.2%

Posted:

Swiss December unemployment seasonally adjusted has come in at 4.2%, as expected.  Unadjusted rate 4.4%, also as expected.

EUR/USD steady ahead of US jobs report

Posted:

EUR/USD presently at 1.4310 is showing no real change overnight, with Asian trade having been very narrow rangebound. The market now awaits the latest US jobs report, with the market seemingly looking for a non farm payroll number around flat. Before that we have a fair few euro zone data releases; 07:00 GMT: German ...

Asian Session Market Wrap-Up

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Economic News Australian Industry Group Construction Index for December 49.3 from 47.6. News Canadian Prime Minister Harper optimistic about the Canadian economic recovery Revelations in emails from the Fed concerning an AIG bailout cover up? South Korea ...

Japanese Leading Indicator Index in November +1.8

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Leading indicator +1.8 m/m in November from 2.2 in October Coincident leading indicator +1.6 m/m in November from 1.1 in October Dollar - Yen trading unchanged at 93.15/18

Dollar continues to weaken

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testing the session lows against the Yen around 93.15

Naoto Kan, Japanese Finance Minister, defends his comments

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by saying it is his job to respond to currency moves but it is the markets that dictate the rates. Dollar Yen responds by moving lower currently trading at 93.26/29

What the UK press had to say on Friday morning

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The Bank of England and UK interest rates Gordon Brown makes concessions to stay in charge. It's :snow joke in the UK as gas is rationed as they suffer the worst winter in 100 years

Aussie stops lurk lower down

Posted:

I'm hearing stops on the way down in the Aussie every 10 pips from 0.9150

Range Trading seems to be the name of the game ahead of Non Farms

Posted:

Euro 1.4302 - 1.4322 range Sterling 1.5930 - 1.5950 Swiss 1.0330 - 1.0350 Aussie 0.9160 - 0.9180 Kiwi 0.7310 - 0.7330 Dollar Yen the more volatile of the majors trading between 93.18 and 93.68 as the market continues to weigh the pros & cons of the new Finance Minister
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