Jan 13, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Further to earlier reports……

Posted:

While I didn't have a bacon buttie this morning, I did infact have some lovely light, fluffy,  smoked salmon mouse, spread over lightly toasted sunflower and pumpkin seeded toast.  Divine!!! As for forex markets, cable is presently down at 1.6245 with initial trailing support at 1.6230/35.

US bank recommending long GBP/AUD possie

Posted:

Apparently Morgan Stanley have put out a buy GBP/AUD recommendation, saying the pair offers "great risk/reward opportunity" being fairly close to its lowest level since 1985.  Bank is said to target 1.9200 with a 1.7200 stop. Meanwhile back at the ranch, cable has pierced 1.6235/45 resistance, tripped stops through 1.6250, and ...

I don’t believe it!!!!!

Posted:

There, my best Victor Meldrew impersonation. EUR/CHF steady at 1.4780.  Alot of people seem to be pouring cold water on talk that BIS entered market buying EUR/CHF.  They see the rally as just a sign of a very nervy market anticipating possible intervention. Even heard talk BIS turned round and sold up ...

Talk BIS in EUR/CHF

Posted:

Well I stand corrected. Talk BIS has entered market buying EUR/CHF, cross presently up at 1.4785 having been as high as 1.4802. (see, I felt BIS was readying to do something. Just that my radar was a little wonky and it steered me toward EUR/USD. Got a technician adjusting it with a screwdriver ...

Further fix talk

Posted:

Talk interest to buy GBP/SEK lined up for 09:00 GMT fix. Cable has recovered from brief dip below 1.6200, presently back up at 1.6215.

EUR/CHF edges higher

Posted:

EUR/CHF is trading a little higher, presently at 1.4765 from early 1.4750.  Has the SNB finally turned up? Answers on a postcard. Naw, would have spiked if they had been seen.  Worth keeping an eye on things though.

EUR/USD reverses course, Swiss seller noted

Posted:

EUR/USD is down at 1.4485 having earlier posted session high 1.4516.  A Swiss name (not the BIS), infact a Swiss private bank, was a notable seller above 1.4500. Talk of small stops through 1.4470, bigger through 1.4450. German 2009 GDP -5.0% y/y according to the statistics office, worse than median forecast of -4.8%, and ...

Cable extends rally; tests resistance, then settles back

Posted:

Cable rallied to test aforementioned resistance at 1.6235/45 (high 1.6234) before settling back, presently at 1.6210.  Talk of ACB seller up at high.  Also talk of stops through 1.6250.

Interesting bit of scuttlebutt regarding EUR/GBP

Posted:

Market a buzz (ok i exaggerate) with talk of EUR/GBP sell interest lined up for the 09:00 GMT fix. The cross is presently down at .8930 from early .8950.

EUR/USD rallies over 1.4500

Posted:

EUR/USD tripped stops on move through 1.4500 advancing to session high 1.4516, presently back at 1.4505.  European stocks look set to open firmer and this will be lending the pairing a modicum of support, nothing major though. I don't know why, but I've just got a feeling I'm going to hear ...

A global fiasco is brewing in Japan

Posted:

Latest from AEP.

Cable extends rally

Posted:

Cable has tripped stops through 1.6200 extending rally to 1.6221 session high so far, presently at 1.6210.  UK clearer, ACB sovereign buying noted early. Resistance next at 1.6235/45.

Obama emergency stimulus measures saved up to 2 million jobs last year – White House’s Romer

Posted:

How do you prove that?

Kazakh C.Bank says bought more than $1 bln on forex market this month alone to stops fast tenge appreciation

Posted:

That one's for our Kazakhstan readers.

lnflation lurks in wings as recovery gets going, warns MPC member

Posted:

Andrew Sentance declares quantitative easing a success. Interest rates may have to rise to hold back prices. Comments helping lend sterling some general support, cable up at 1.6200 from North American close down around 1.6170, while EUR/GBP is down at .8943 from around .8960.

EUR/USD opens effectively unchanged, narrow rangebound

Posted:

EUR/USD sits at 1.4485, for all intents and purposes unchanged from where North America closed out Tuesday.  Asian trade was confined to a 1.4456-1.4495 range, with an Asian sovereign turning up as a buyer on brief dip to the lower parameter. Euro zone data due today: 07:45 GMT: French CPI for December expected ...

Forex Live Asian session Market Wrap Up

Posted:

Economic Data ABC News/Washington Post Consumer Confidence Index for the week ending Jan 10 -47 from -41 the previous week (the highest level since Sept. 2008). New Zealand ANZ Commodity Price Index in December +2.6 % Japanese ...

South Korea unemployment in December unchanged at 3.5 %

Posted:

S. Korea sheds 16,000 jobs in December versus a year earlier

Japanese Bankruptcy data just released

Posted:

December Corporate Bankruptcies -0.35 % m/m December Corporate Bankruptcies -16.59 % y/y December Corporate Bankruptcy debt -57.46 % m/m December Corporate Bankruptcy Debt -53.38 % y/y at Yen 295,577 billion Dollar Yen trading at 91.05/08

At last the market showing some life

Posted:

After a quiet session Euro and Cable seem to have their tails up Euro once again trying to break through 1.4490 and then ultimately take on the oCB offers at 1.4500 trading at the moment 1.4486/86 and Cable higher at 1.6184/88. Aussie, Kiwi, gold and oil showing movement to the ...

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