Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Feb 13, 2010

Your forexlive.com ENewsletter

Greece tired of being the whipping boy
North American Economic Market Wrap-Up from Forex Live
Cable breaks 1.5700
A very quiet afternoon ahead of the long US weekend
Euro and sterling higher on the European close
US Federal Monthly Budget Statement for January
German Finance Minister Wolfgang Schaeuble reported quoted in the press
“No Comment” says the SNB
SNB perhaps?
Natural Gas stocks lower
Nakheel CDs fall to a record low of 86.5
Philadelphia Fed revises its forecast for Q2 GDP growth
US Business Inventories for December -0.2 %
University of Michigan Economic Sentiment (prelim) for Feb 73.7
US Stock Indexes open the last session of the week lower by 1%
EU support of Greece is positive but …….
Retail Sales …….
S & P upgrade Latvia
Euro 30 pips higher
Dollar Yen on the rise again now at 90.33/36

Greece tired of being the whipping boy

Posted:

The EU shold have known the books were cooked years ago, the PM alleges.

North American Economic Market Wrap-Up from Forex Live

Posted:

Economic Data US Retail Sales for Jan +0.5 % m/m from -0.1 % (revised from -0.3 %) expectations +0.3 % US Retail Sales (ex autos) for Jan. +0.6 % m/m from -0.2 % expectations +0.4 ...

Cable breaks 1.5700

Posted:

reacting to news of a Nato offensive against the Taliban, led by US troops, taking place in the Helmand Province in Afghanistan.

A very quiet afternoon ahead of the long US weekend

Posted:

Currencies trading in a narrow band as the market slows down. Talking to traders they tell me liquidity is poor with traders taking off early. Current rates Euro 1.3622/25 Cable 1.5680/84 dollar-Yen 90.0/04 and dollar Swiss 1.0766/70

Euro and sterling higher on the European close

Posted:

As Europe wind down for the week the Euro slightly higher at 1.3630 sterling has crept up to 1.5670. Dollar-yen now at 90.05 and against the Euro 122.78 with the Swiss leveling off at 1.0765 against the dollar and 1.4670 against the Euro following its moves earlier. Dollar Index around noon 80.34 ...

US Federal Monthly Budget Statement for January

Posted:

originally due to be released on Wednesday then rescheduled for today at 2.00 p.m. has now been rescheduled again until next Wednesday barring any further Government closures, weather related or otherwise.

German Finance Minister Wolfgang Schaeuble reported quoted in the press

Posted:

as saying the effect of the situation in Greece on the stability of the Euro is limited, but the EU must be concerned since the Financial Markets in general will speculate against the Euro because of Greece.

“No Comment” says the SNB

Posted:

on the rumoured intervention a few moments ago.

SNB perhaps?

Posted:

Euro-Swiss jumps to session high of 1.4700 from 1.4642 and Dollar Swiss higher from 1.0740 to 1.0790 rumour has it that it might have been the SNB.

Natural Gas stocks lower

Posted:

Natural gas in storage fell 191 billion cubic feet in the Feb. 5 week against forecasts of 180 BCF

Nakheel CDs fall to a record low of 86.5

Posted:

Dubai Department of Finance 2014 Islamic Bond falls 2 points to record low. Euro yen fell from 122.80 to 121.90 on the news and has since bounced back to 122.60/63. Dollar yen falling from 90.35 to 89.85 but making very little correction, now trading at 89.95/98.

Philadelphia Fed revises its forecast for Q2 GDP growth

Posted:

Q2 GDP growth now seen at +2.7 % from it's previous forecast of +2.4 % CPI Inflation in Q1 +1.3 % from previous forecast +1.2 % Core PCE Inflation in Q1 +1.2 % from previous forecast +1.0 %

US Business Inventories for December -0.2 %

Posted:

from a revised +0.5 % in November (originally +0.4%) Market expectations +0.4 %

University of Michigan Economic Sentiment (prelim) for Feb 73.7

Posted:

from 74.4 in January. Euro breaks through 1.3600 after the data to 1.3620

US Stock Indexes open the last session of the week lower by 1%

Posted:

Dow Jones falls over 120 points on the open, S & P falls 12 and the Nasdaq falls by over 20 ticks. The main reason behind the move being China's decision to raise their Reserve Requirement for the second time in a month.

EU support of Greece is positive but …….

Posted:

that's not the complete solution to the problem. Many risks are still ahead, according to an S & P analyst, in the "implementation of the consolidation programme".

Retail Sales …….

Posted:

January Retail sales figures, despite flat auto sales, encouragingly higher perhaps indicating people are loosening their belts a notch. The data in both November and December were also revised higher although part of that could be due to the holiday season.