Jan 11, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EUR/USD steady-ish

Posted:

EUR/USD presently at 1.4518 is pretty much where it stood 4 hours ago. The pairing is garnering support from Friday's weak US jobs report (US rates aren't  going up anytime soon) and the weekend release of encouraging Chinese December trade data, which has lifted risk sentiment. On the other side of the coin, decent ACB selling ...

And a big round of applause for…………

Posted:

The Reserve Bank of India.  Having reported them buying cable in the very low 1.59's on July 7th, they've now reportedly been selling above 1.6100 this morning. Bank of Korea has also been a seller of cable this morning.

Bit of a battle going on

Posted:

Bit of a battle going on this morning.  Seems market in general fancies EUR/USD and GBP/USD higher, but ongoing ACB selling in both pairings is cramping progress. Model funds have been seen good buyers of cable today. We've been up to 1.6147, presently at 1.6130 as ACB sales persist. ACB selling being ...

Cable bounces back again; sell orders, stops noted

Posted:

Cable trading is becoming increasingly volatile.  It's back over 1.6100 again, presently at 1.6130. Talk of sell orders at 1.6135 to 1.6155, with stops seen through 1.6160. Sterling in general will be getting a lift from all the speculation surrounding Cadbury. Sounds like we're going to be seeing improved offers for the ...

S.Korea FinMin official: Worried fx market leaning excessively one way

Posted:

South Korea closely watching won, to take appropriate measures if necessary.

EUR/USD and GBP/USD lower, ACB selling seen

Posted:

EUR/USD is trading lower, presently at 1.4485, with sources reporting Asian sovereign sales. At the same time Asian sovereign selling is also being noted in cable, which is back at 1.6095 having earlier posted 1.6136 session high.

French industry output stronger than epxected

Posted:

French November industry output has come in at +1.1% m/m, stronger than the median forecast of +0.5%.  October's data has been revised upward as well, to -0.6% from initial -0.8%. Manufacturing output  +1.6% m/m, stronger than median forecast +0.5%. October's data revised to -0.5% from -0.8%.

Ferrero unwraps plan for $4.5 bln loan to join Cadbury bid party

Posted:

Ferrero moves a step closer to gatecrashing Cadbury bid party.

SNB’s Hildebrand: SNB to continue to prevent any excessive appreciation of franc vs euro

Posted:

SNB has no exchange rate target but will monitor forex market developments very closely. EUR/CHF up at 1.4775 from early 1.4750,  USD/CHF up at 1.0190 from early 1.0160.

ECB’s Nowotny: Does not think risk taking major problem in euro area, but sees signs in other regions

Posted:

In U.S. there is discussion about excessive risk taking, I see some justification Latest ECB forecasts still valid No problem of excessive liquidity in euro zone Will see euro zone growth in 2010, but recovery will be sluggish Sticks to December view of steady ECB exit from stimulus

America slides deeper into depression as Wall Street revels

Posted:

December was the worst month for US unemployment since the Great Recession began. Latest from AEP.

SKorea fx authorities buying dollars to curb won’s strength – traders

Posted:

Some of the dollars will very likely see themselves transferred into euros at some juncture

China may overheat with 16% growth, government researchers say

Posted:

China's economy may grow as much as 16% this year with accelerating inflation and the risk of property bubble unless policy makers reduce stimulus measures, government researchers said today.

EUR/USD starts week on firmer note

Posted:

EUR/USD is demonstrably firmer compared to where it closed out last week, presently up at 1.4508 from a North American close Friday around 1.4415.  The USD was already on the backfoot in the wake of the weaker than expected U.S. jobs report Friday. It's now been underminned further by the ...

Dollar weakness continues

Posted:

Just a brief respite in the dollars recovery before renewed selling interest appears. Euro back over 1.4500 and sterling straddling 1.6100 Dollar Yen 92.25/28. Aussie maintaining its bid tone at 0.9308/12

Asian Market Wrap Up

Posted:

China passes Germany to become world's number 1 exporter. Chinese Finance Minister Xie Xuren says that China will extend economic policies into 2010 to aid global recovery. An early exit could prove ...

Euro easing off below 1.45

Posted:

on profit taking as the first trading day of the week nears its close in Australia. Aussie too is lower back around 0.9300.

Euro continues to move higher targeting next resistance level at 1.4535

Posted:

Currently at 1.4530/33, market moves accentuated by thin market due to the Japanese holiday today

St. Louis Fed President James Bullards comments trigger another dollar sell-off

Posted:

Euro breaks pivotal level of 1.4500 trading to a high of 1.4520. Cable breaks 1.6100 to a high 1.6108. Aussie and Kiwi post highs of 0.9315 and 0.7412. Dollar yen on the weakening dollar trading at 92.17/20 St Louis Fed President James Bullard said in remarks on a speech he is ...

UK Prime Minister Gordon Brown making election plans

Posted:

Gordon Brown will attempt to rally his Labour Party later today following last weeks unsuccessful attempt by some party members to have a secret leadership ballot in order to oust . He will later outline his strategy for the party to win the General Election to be held later this ...
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)