Your forexlive.com ENewsletter |  |
- China raises reserve requirements by 0.5%
- UK’s Brown: Danger for UK is if fiscal stimulus is withdrawn too quickly
- ECB’s Stark: A lot of ideas being discussed for Greece are counter-productive
- Italian Q4 GDP disappoints
- Talk SNB in market
- The trend is your friend until the end when it bends (is it bending yet?)
- USD/JPY May Be a Mystery, But…
- Cable rallies as EUR/GBP continues lower
- France’s Lagarde: French economy grew +0.6% in Q-4
- Will markets call EU bluff on Greek rescue?
- German GDP data weaker than expected
- John Lewis week to Feb 6 department store sales up 31.9%
- EUR/CHF steady
- Trichet: Will work with European Commission on proposals for additional measures
- Houston we have a problem
- EUR/USD very slightly easier after slow Asian session
- Merkel dashes Greek hopes of rescue deal
- Japanese consumer confidence index improves
- Asian FX market wrap: very quiet trade ahead of Chinese New Year
- HK based bank selling EUR/JPY
| China raises reserve requirements by 0.5% Posted: EUR/USD , GBP/USD, USD/JPY lower as risk aversion heigthened. . |
| UK’s Brown: Danger for UK is if fiscal stimulus is withdrawn too quickly Posted: UK deficit plan is clear, will halve deficit in 4 years Evidence +0.1% Q4 growth will be revised higher Average maturity of UK debt is 13 years, longer than others (just as well) Not being in euro gives UK flexibility many other EU countries do not have (that's it have a good gloat) |
| ECB’s Stark: A lot of ideas being discussed for Greece are counter-productive Posted: Euro zone bond would not solve structural problems of countries like Greece Does not see need for IMF help for Greece Greek bankruptcy "is not a scenario for me" Greece must correct it's errors |
| Posted: Italian Q4 GDP has come in at -0.2% q/q, -2.8% y/y, weaker than median forecasts +0.1%, -2.5% respectively. |
| Posted: EUR/CHF up at 1.4680. They were seen in bidding on EBS. |
| The trend is your friend until the end when it bends (is it bending yet?) Posted: What a crazy day yesterday! It all started with Oz. The magicians of the Australian bureau of unemployment made an amazing trick; unemployed people are disappearing in the statistics. From an expectation of 5.6%, a giant bunny with 5.3% printed on his giant ears popped out of the hat. That's ... |
| USD/JPY May Be a Mystery, But… Posted: It is supposedly the mystery currency, and I wouldn't call myself an expert. One thing I can count on though in this whipping boy of a pair are it's trend channels. Currently the uppermost line comes in at 90.25 and if that doesn't hold I'm seeing a downswing in not ... |
| Cable rallies as EUR/GBP continues lower Posted: Cable having a fairly good morning as the EUR/GBP cross continues it's recent sell off. EUR/GBP is down at .8670 from an early .8705 with two UK clearers seen aggressive sellers. Cable up at 1.5730. Guess we can expect some sell orders up at 1.5740/50 with stops not far above there. |
| France’s Lagarde: French economy grew +0.6% in Q-4 Posted: A touch better than median expectation of +0.5% |
| Will markets call EU bluff on Greek rescue? Posted: Latest from AEP in The Telegraph. |
| German GDP data weaker than expected Posted: Q-4 provisional German GDP came in flat m/m compared to median forecast of +0.2% q/q. wda -2.4% y/y compared to median forecast -2.2%. EUR/USD slips back, presently at 1.3673. |
| John Lewis week to Feb 6 department store sales up 31.9% Posted: The figures are flattered apparently by a very weak comparison due to snow last year. Cable steady around 1.5700 in early trade. |
| Posted: EUR/CHF steady at 1.4650. Buy orders tipped at 1.4600/20. Guess some feel 1.4600 may be the latest SNB line in the sand. Market will be alert to a sneak Friday attack should we see any further swissy appreciation today. |
| Trichet: Will work with European Commission on proposals for additional measures Posted: One can count on ECB's permanent alertness. Will work with EC in monitoring Greece Appreciates commitment of euro area members to safeguard financial stability Elsewhere European stocks look headed for a firm opening, FTSE up around 0.8%, DAX around 1.0% |
| Posted: My main computer gave up the ghost last night, so service will be a little sketchy this morning. Unfortunately I'll not be able to interact with the good readers of ForexLive today. |
| EUR/USD very slightly easier after slow Asian session Posted: EUR/USD sits at 1.3665, very slightly easier from a North American close Thursday around 1.3690. Plenty of euro zone data due today 07:00 GMT: German Q-4 GDP (prov) expected +0.2% q/q, -2.2% y/y wda, -1.6% y/y nsa 07:45 GMT: French Q-4 GDP (prov) expected +0.5% q/q, -0.3% y/y 07:45 GMT: French non-farm payrolls Q-4 ... |
| Merkel dashes Greek hopes of rescue deal Posted: That is according to the Guardian Newspaper. This will probably weigh on the EUR/USD and the EUR crosses in early European trade. |
| Japanese consumer confidence index improves Posted: The index improved to 39.0 in January from 37.6 in December. The JPY is, as with all Japanese economic data, unchanged. |
| Asian FX market wrap: very quiet trade ahead of Chinese New Year Posted: The highlight reel is empty today after a very quiet trading session. The upcoming extended holiday period for Chinese New Year was the main reason for quiet trade. Japanese January consumer confidence index 39.0, up from 37.6 in December Sino-US relations continue to cool with the Chinese calling on the US to ... |
| Posted: This looks like it is quite simply squaring up of positions before the extended Chinese New Year holiday. A bank in HK has been the notable seller of EUR/JPY over the last hour, trying to offload around the 122.60 mark. That said, the market hasn't gone too far, currently at ... |
| You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment