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- UK December industrial/manufacturing output stronger than expected
- Cable rallies amid talk of EUR/GBP sell interest
- Well well, I no longer need to wonder….
- Fitch: Sovereign outlook weighs on improving European investor sentiment
- Cable lacking clear direction, so far
- Greek/German 10-year government bond yield spread narrows to 276 bps, tightest since January 20
- French industry output weaker than expected
- EUR/USD extends rally; sell orders noted
- Cable seeing fairly steady trade
- Dubai World to ask for $22 bln debt freeze this month
- EUR/USD ticks higher
- USD/JPY continues to see steady trade
- EUR/USD slips back
- Asian FX market wrap: market still wary of further EUR troubles
- ACB: consistent seller of EUR/USD and AUD/USD
- Chinese military wants China to sell US Treasuries
- EUR continues to drift lower across the board
- EUR/CHF has not been below 1.4640 since Friday’s intervention
- EUR/GBP: reverting to sell-rally strategy
- JPY crosses slip lower in thin trade; orders updated
| UK December industrial/manufacturing output stronger than expected Posted: UK December industrial output +0.5% m/m, -3.6% y/y, better than median forecasts of +0.2%, -4.1% respectively. Strongest m/m rise since September 2009. Manufacturing output +0.9% m/m, -1.9% y/y, better than median forecasts +0.3%, -3.0% respectively. Also strongest m/m rise since September 2009. Data has helped lift cable through aforementione sell interest at 1.5700/10 ... |
| Cable rallies amid talk of EUR/GBP sell interest Posted: Cable up around 1.5700. There is some talk of a UK corporate, possibly pharmaceutical company, with EUR/GBP sell interest today. All a bit nebulus but we have seen some slippage in the EUR/GBP cross in recent trade giving some credence to the murmurings. EUR/GBP presently down around .8770. Just to make ... |
| Well well, I no longer need to wonder…. Posted: Earlier i said I wonder how long until we hear reports of BIS selling EUR/USD. Well I no longer need to wonder. The central banks' banker has been in selling. Exact levels unknown. We're presently at 1.3755. |
| Fitch: Sovereign outlook weighs on improving European investor sentiment Posted: These boys are GOOD!!!! I mean who would have thunk it? |
| Cable lacking clear direction, so far Posted: Talk is of 1.5650 and 1.5700 option expiries at todays New York cut and we've so far been banging around between the two levels. An early rally floundered amid talk of a UK corporate sell order going through. |
| Greek/German 10-year government bond yield spread narrows to 276 bps, tightest since January 20 Posted: Hope springs a turtle. Are the lovely people of Greece, Portugal and Spain going to be saved from the demon global speculators??? Here's hoping the German white knight rides over the horizon real soon. EUR/USD down at 1.3760. Earlier, talk of buy orders down at 1.3720/30, stops through 1.3715. |
| French industry output weaker than expected Posted: French December industry output -0.1% m/m, someway weaker than median forecast +0.5%. To make matters worse Novembers data revised down to +0.6% from initial +1.1% EUR/USD lower, presently at 1.3770, after battle was joined at what looked like the 1.3785 mark. |
| EUR/USD extends rally; sell orders noted Posted: EUR/USD up at 1.3773. Talk of sell orders 1.3775/85. This is the area where an Asian sovereign was noted selling overnight. We could well see at least a pause here. Guess stops through 1.3810 and 1.3850. Will need to confirm. |
| Cable seeing fairly steady trade Posted: Cable sits at 1.5690, not a million miles away from 1.5710 where it closed out Tuesday in North America. UK data due today: 09:30 GMT: UK industrial production for December expected +0.2% m/m, -4.1% y/y; manufacturing production expected +0.3% m/m, -3.0% y/y 10:30 GMT: UK BOE quarterly inflation report/King press conference. Initial support 1.5655 ... |
| Dubai World to ask for $22 bln debt freeze this month Posted: Newspaper reports that Dubai World intends to officially ask creditors for a standstill on $22 bln in debt this month, until it completes restructuring. Banking sources told the paper that restructuring might take six months. Hardly surprising news. |
| Posted: EUR/USD has ticked higher, presently at 1.3760. Just wonder how long till we get reports of BIS selling. |
| USD/JPY continues to see steady trade Posted: USD/JPY at 89.65 effectively unchanged from where North America closed out Tuesday. Overnight an attempted rally floundered when running into well-tipped sell orders around 90.00. On downside now, talk of buy orders at 89.50, stops just below and then more buy orders at 89.00/20. Buy stops seen through 90.10. |
| Posted: EUR/USD down at 1.3745 from North American close Tuesday around 1.3785 with decent Asian sovereign sales noted overnight. The market now awaits tomorrows EU meeting to see what is forthcoming in the way of assistance for Greece. Meanwhile protest strikes scheduled in the country today. Some initial stops seen through 1.3715. Euro zone data due ... |
| Asian FX market wrap: market still wary of further EUR troubles Posted: Chinese January exports +20% YoY Suggestions that Chinese military considering Treasury sales as Taiwan retalition Australia: December housing finance -5.5% Japan: December machinery orders +20% MoM Australia: consumer confidence index -2.6% Regional stockmarkets flat to modestly higher Gold stead at $1077/oz Another quiet session in Asia with most of the majors trading in 50 pip ranges. EUR/USD ... |
| ACB: consistent seller of EUR/USD and AUD/USD Posted: This particular Asian Central Bank operates more like a prop trader than a central bank. They were big buyers of both these pairs 150 pips lower and it looks like they're booking some profits. Easy money if you can get it. |
| Chinese military wants China to sell US Treasuries Posted: Not sure if this particular strategy has been well thought through as they would in effect be hurting themselves the most. This report suggests that China might consider such an action as retaliation for the US/Taiwan arms deals. |
| EUR continues to drift lower across the board Posted: Long positions are having a hard time getting comfortable and we have just seen another wave of EUR selling across the board but mainly against the USD and the JPY. The political and financial woes of the EU will never be far away from trader's minds and longs will remain ... |
| EUR/CHF has not been below 1.4640 since Friday’s intervention Posted: After the madness that was last Friday, 1.4560/1.4905, EUR/CHF has settled back into a 100 pip range between 1.4640 and 1.4740. Some dealers are now speculating that the SNB will again have their big stick out and will be drawing a line in the sand with it and that this ... |
| EUR/GBP: reverting to sell-rally strategy Posted: The rally off the .8595 lows looks to be running out of steam and I am reverting to the sell-rally strategy in line with the dominant medium term downtrend. The market has retraced 50% of the .9025/.8595 fall and is also capped by the 200-day MA at .8820. Whilst modest ... |
| JPY crosses slip lower in thin trade; orders updated Posted: The JPY crosses have slipped lower in the last 30 minutes and traders say that it is due to positional readjustment rather than any major news or flows. On the order front, it is interesting to note some good sized USD/JPY stops starting below 89.15 with more below 89.00. AUD/USD sees ... |
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