Feb 4, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

After Gilts, hate California bonds…

Posted:

Pimco, the world largest bond fund, already warned gilts are some kind of nitro not to be touched, now it says California might go broke again, and downgraded to junk:  http://www.bloomberg.com/apps/news?pid=20601109&sid=aMKFA.QZ_gBw&pos=12

EUR/USD Bullish divergence?

Posted:

Might be worth noting there is a significant bullish divergence with the MACD on the EUR/USD 4 hour chart.

For pity sakes just blow it up and get it over with

Posted:

Cable at 1.5855, hovering just above touted 1.5850 option interest.  Support below 1.5830/35.

China launches trade dispute at WTO over EU anti-dumping duties on footwear

Posted:

Why can't we all just be friends!!!  No wonder risk appetite looks increasingly shaky. European stocks have taken a distinct turn for the worse, oil off around 3/4's of a buck,  gold at session low. Elsewhere Portuguese 5-year CDS hits record high of 216 bps, Greek CDS widens 20 bps on day ...

UK Halifax house price index as expected in January

Posted:

Has come in at +0.6% m/m, +3.6% in3 months to January from year ago. As expected. Cable sits at 1.5870.

Everytime….

Posted:

I sit here thinking, yer USD/JPY could see a good rally from here, it goes lower.  Same this morning.  Talk about flattering to deceive.  Oh well, maybe a super duper non-farm payroll number tomorrow will do the trick.  USD/JPY presently down at 90.75 from early 90.90.  Talk of buy orders around 90.50.  ...

China Foreign Minister: China continuing to look at fx rate, we think it is at reasonable and fair level

Posted:

Of course you are. And of course you do. Same as it ever was.

Spain’s economy minister Salgardo says sees no risk to euro zone

Posted:

Says Spain's situation is very different to Greece's.

EUR/USD slips again; stops, option interest noted

Posted:

EUR/USD sits at 1.3845.  A US investment bank has been a notable buyer below 1.3850 lending the pairing tenuous support. Stops tipped next through 1.3830, ahead of aforementioned 1.3800 option interest.

Boom…

Posted:

Well didn't have to wait that long to see 1.3850 barrier option interest blown up. We've been down to 1.3844, presently back up at 1.3852.  Not overly unusual price action as those that pushed to blow option interest up book profits.  Noted sell orders remain up at 1.3895/05. Talk now switches to option interest down at ...

Greece under EU protectorate as funds shift fire to Portugal

Posted:

Latest from yer man at The Telegraph.

EUR/USD retains heavy feel; sell orders noted

Posted:

EUR/USD sits at 1.3870, pretty close to session l0w 1.3865.  Seems to be a feeling 1.3850 barrier option interest is going to get blown up, just a case of when. On the topside, sell orders noted at 1.3895/05.

Cable touch softer early

Posted:

Cable is down at 1.5870 having given a little ground early. 1.5850 looms large.  Recent talk has had barrier option interest lined up there.  With that in mind might well expect to see some defence of said level. I'd also expect to see stops lined up just below.

You know the drill

Posted:

Have a guess at tomorrows non-farm payroll number, Come on, try and prise a wonderful ForexLive t-shirt from Jamie's grubby little mitt. http://www.forexlive.com/82226/all/payrolls-contest-open-for-business

UK warned of five years of cuts in deep economic winter

Posted:

Deep joy.

Cable touch easier as BOE rate decision looms

Posted:

Cable is a touch easier as the market awaits latest Bank of England rate decision.  Sits at 1.5885, having closed out in North American  Wednesday up around 1.5900. The trading range has been a paltry 1.5882-1.5918 in Asia. UK data due: 09:00 GMT: Halifax house prices for January expected +0.7% m/m, +3.6% y/y 12:00 ...

EUR/USD steady overnight as ECB rate decision looms

Posted:

EUR/USD sits at 1.3890, hardly budged from where North America closed out Wednesday, with Asian trade confined to an uninspired 1.3868-1.3903 range.  Strong concerns surrounding the budget deficits of countries like Greece, Portugal and Spain remain, and are unlikely to go away anytime soon. They are negating any lasting recovery in ...

Revised US job losses will show 825,000 jobs disappeared

Posted:

The revised job losses from April 2008 to March 2009 will show that 825,000 more jobs were lost than was officially recognised, according to this Bloomberg report.

Asian FX market wrap: NZD volatility the only highlight

Posted:

Prospects of an imminent rate hike in New Zealand are receding after the unemployment rate rose to a 10-year high, fuelled in the main by increased migration The NZD/USD fell from .7080 to .7005 immediately after the announcement and has failed to recover as the session progressed, closing close to it's ...

Regional stockmarkets lose around 1% on average

Posted:

HK has given up a lot of the 2% gains it posted yesterday, now down just over 1.5%. The Nikkei is over 0.5% lower, with Toyota the main drag there. Shanghai and Sydney are 0.5% and 0.8% lower respectively and the Kospi has lost the least, currently 0.25% lower. Gold ...

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