Feb 11, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Bad news for you, really bad news for me!!!!

Posted:

Jamie's going to be a little late in today, got a errand to run.  Will be in around 14:00-14:30 GMT.  Well he sure as hell better be!!!

No agreement yet on Greek aid – Dow Jones

Posted:

Dow Jones is quoting an anonymous German Government official as saying "There hasn't been any agreement and no decision" adding "The Chancellor (Merkel) has so far not agreed a solution." More of the same happy horse....... (no mustn't swear)  EUR/USD down at 1.3755.

EUR/GBP retains bid tone amid fix talk

Posted:

EUR/GBP is holding up, presently at .8835.  There is talk of fix buy interest in the cross today.  Cable has extended slippage, presently at 1.5570.  As mentioned earlier buy orders seen layered from 1.5550 down to 1.5500.

Spain’s Economy Minister: Short-term speculative attacks must be resisted

Posted:

Markets will return to economic fundamentals Will need time to see if current fiscal measures enough to meet targets

Iran has produced first consignment of 20% enriched uranium – Ahmadinejad

Posted:

Has capability to enrich uranium to much higher levels at Natanz.  Iran will in the near future treble production of higher grade Uranium. Oh dear oh dear. Makes you wonder how much longer Israel will hold off.

Swiss CPI stronger than expected

Posted:

Swiss January CPI has come in at -0.1% m/m, +1.0% y/y, stronger than median forecasts of -0.5%, +0.6% respectively.

EU FinMins agreed Greek aid package to be contingent on additional Greek measures to overcome fiscal problems- EU Govt Source

Posted:

Greek aid to "draw on expertise of ECB and IMF."  Aid won't involve drawing on IMF funds. "Euro area member states will take determined and coordinated action."

And we’re off!!!!!!

Posted:

Austrian Chancellor says expects Greek package to involve some form of IMF involvement and loans by EU countries. IMF involvement, interesting.  EUR/USD touch lower at 1.3775 with ACB having sold up at 1.3785/90.

Cable gives ground early

Posted:

Cable has given up ground in early European trade, presently at 1.5605.  Talk of buy orders lined up at 1.5550 down through 1.5500, where barrier option interest is tipped. EUR/GBP firmer, up at .8830 fom early .8810. Good old Barclays Capital get their first target met. Three cheers for good old Barclays!!!!! Sterling still ...

EU summit meeting delayed due to snow – Bloomberg

Posted:

 Avinash has alerted me to fact Bloomberg is carrying report that EU summit has been delayed due to snow. Apparently now due to start at 11:00 GMT.  I haven't got a Bloomberg (haven't got enough pennies, ahhhhh), so heads up very much appreciated.

ACB seen selling EUR/USD

Posted:

Talk an Asian sovereign has been selling EUR/USD in recent trade in 1.3785/90 area.  No lower though as yet, presently 1.3787/90.

German wholesale prices stronger than expected

Posted:

German January wholesale prices have come in at +1.3% m/m, +1.9% y/y compared to +0.2% both m/m and y/y in December. The data is demonstrably stronger than the median forecast which had been calling for a +0.1% m/m. EUR/USD steady at 1.3785.

EU leaders on verge of deal to rescue Greece and save euro

Posted:

How The Times sees it.

EUR/USD steady early

Posted:

A sense of nervous anticipation hangs over the markets this morning, EUR/USD not doing much of anything so far, presently at 1.3785. EU summit meeting in Brussels comes to an end later this morning, followed by a seres of national press briefings (don't know timings). Later at 15:35 GMT European Council ...

Britian may be forced to bail out Greece

Posted:

Britain could be forced to help bail-out some of Europe's crisis-hit economies with tens of billions of pounds, it is feared.

EUR/USD opens firmer, news from EU meeting awaited

Posted:

EUR/USD trading firmer, presently at 1.3790 from a North American close Wednesday down around 1.3730.  The pairing has garnered support from the release of much better than expected Australian unemployment data which saw AUD/USD rally strongly overnight. All eyes on the EU meeting today. Looks likely some assistance for Greece will be ...

fundamentals

Posted:

Hey Jamie, just finished Tech Analysis by John J Murphy. Do you have any more recommendations to help in the forex market?

Asian FX market wrap: AUD comes roaring back

Posted:

Much better than expected Australian unemployment rate sees the AUD/USD jump 1.5% Chinese economic data more or less as expected Lower Chinese CPI will lessen the chances of sharp rate hikes South Korea leaves rates unchanged at 2% Japanese markets were closed for a national holiday Regional stockmarkets +1% on average Gold slightly higher as EUR ...

EUR will be very nervous awaiting signals from EU

Posted:

I thought we might have a bit more volatility in Asia today but the absence of the Japanese market probably ensured a quiet day. The fact that the region's biggest players, the Chinese, are off on holiday from tomorrow for the best part of a week also didn't help. The ...

AUD finally losing steam, EUR/JPY off highs also

Posted:

The AUD/USD topped out at .8891, which was an impressive 140 pip rally for the session. There has been a lot of turnover between .8850/90 with plenty of corporate selling interest being filled. Shorts had no chance to cover their positions any lower as the market gapped immediately from .8770 ...
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