Jan 14, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Euro zone November industrial output stronger than expected

Posted:

Euro zone November industrial output has come in at +1.0% m/m, -7.1% y/y, stronger than median forecasts of +0.5%, -8.5% respectively. To compound the good news, Octobers data has been upwardly revised to -0.3% m/m, -10.9% y/y from previous -0.6%, -11.1% respectively.

EUR/USD slightly easier in subdued trade

Posted:

EUR/USD is slightly easier in subdued trade, presently at 1.4518. Earlier we had talk of BIS sales up around 1.4535/40 and now reports have US custodial sales adding further weight to the pairing.  Interestingly enough a US custody bank was a strong seller yesterday as well.

ACB United 1 – Rest of the World X1 0

Posted:

With 20 minutes of the game gone ACB United hold a slender one goal advantage in this intriguing Cable Cup Final, but the game is well-balanced and it's probably a little early to start writing off the Rest of the World X1. We've another 70 minutes to go and anything can happen.

Greek stability plan sees 2010 deficit cut by 4% points – FinMin

Posted:

2011 deficit cut to 5.6% of GDP 2012 deficit cut to 2.8% of GDP

Well…….

Posted:

As I mentioned earlier I've been off scouting around for evidence of stops just above the 1.6305/10 resistance in cable, and surprise surprise (best cilla black impersonation) I've found it. That's the good news. The bad news...... I'm also hearing there was talk in Asia overnight that an ACB was lined up with ...

AUD/USD settles back after earlier spurt higher

Posted:

AUD/USD is presently at .9305 having earlier extended its rally to test technical resistance up at .9330.  A UK clearer and US investment bank were a couple of names mentioned behind the advance to .9330. Still sell orders touted .9330/50, with stops just above there.

German BDI industry association expects 1.5-2.0% 2010 GDP growth

Posted:

Germany's BDI industry association expects German economy to grow between 1.5-2.0% in 2010, but still consider's firms' financing conditions to be at risk.

UK manufacturing forecast hits recovery hopes

Posted:

UK manufacturers face a long, slow haul to recovery, a leading employers' organisation warns, forecasting a muted comeback for the sector this year.

EUR/USD steady; BIS interest noted

Posted:

EUR/USD sits at 1.4535 little or no net change in last three hours trading.  Talk the BIS has already been in selling this morning.

EUR/CHF on the move

Posted:

EUR/CHF is heading higher, presently at 1.4805 from an early 1.4785.  Talk yesterday of BIS buy interest (unsubstantiated) and we can expect more talk to emerge any second.

Cable steady early

Posted:

Cable at 1.6285 is exactly where it stood around 2 1/2 hours ago. Resistance lies up at 1.6305/10 (100 dma) which has so far proven a durable barrier to further upside.  Would think there'll be stops placed just above there. Will try and get confirmation of that.

German December CPI revised upward

Posted:

German final December CPI has been revised upward to +0.8% m/m, +0.9% y/y from preliminary estimates of +0.7%, +0.8% respectively. Meanwhile German 2009 CPI came in at +0.4%, the lowest level since reunification.

AUD/USD firmer after jobs report, sell orders noted

Posted:

AUD/USD trades up around .9310 having closed out in North American Wednesday down around .9240, the aussie bolstered by the release of the better than expected jobs report. Talk of sell orders now layered up to .9350 with RBA interest mentioned.  Could make for tougher sledding ahead, we'll see.  Also talk of ...

China says its internet is open and encourages development of internet

Posted:

China says it opposes cyber-hacking Welcomes foreign firms participating in internet development "according to the law" Any complaints of hacking will be dealt with according to the law by its authorities And all said with a straight face. Gotta love it.

Cadbury braced for Hershey bid after Ferrero talks end

Posted:

Hershey has been forced to accelerate plans to go it alone with an attempt to gatecrash Kraft's £10.5 bln hostile offer for Cadbury after a club deal that included Italy's Ferrero fell through.

USD/JPY opens touch firmer as yen sees general weakness on improved risk sentiment

Posted:

The yen has seen some general weakness overnight against the backdrop of improved risk sentiment, USD/JPY is up at 91.70 from a North American close Wednesday around 91.40 while EUR/JPY up at 133.20 from around 132.65. From here, talk of Japanese exporter sell interest lined up at 92.00 with stops through 92.10. ...

EUR/USD opens marginally firmer

Posted:

EUR/USD has opened marginally firmer, presently at 1.4545 compared to a North American close Wednesday down around 1.4510. The move comes with general risk sentiment having been bolstered by the release of a stronger than expected Australian jobs report. Elsewhere Fed's Dudley made some dovish monetary policy comments, opining that we need to ...

Forex Live Asian Session Wrap Up

Posted:

Economic Data New Zealand Building Consents for November + 1.2 % from + 10.7 % in October Japans Core Machinery Orders in November - 11.3 % m/m (expectations + 0.2 %) from - 4.5% the previous month ...

Did anyone see the dip in Aussie on the charts seconds before the employment data was released?

Posted:

I didn't until now. If you look at the charts you will notice a sharp downward spike to 0.9215 when the market had been quite comfortably trading around 0.9250. The story behind that rate is that someone (a bank trader) had intended to put an offer into the market at ...

Dollar Yen takes a run at the topside

Posted:

Interest to buy dollar Yen has it making a session high of 91.78 but the move is short lived as it comes right back down to 91.70/73. Euro and cable both lower at 1.4537/40 and 1.6290/94 but all is comparatively quiet in the wonderful world of foreign exchange.
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