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- UK January CPI -0.2% m/m, +3.5% y/y
- What a load of cack
- Eurogroup’s Juncker: Concerned about irrational behaviour in financial markets
- Spanish FinMin: Greece has full support, but no details on aid
- To our UK readers
- JP Morgan Chase nears $1.7 billion purchase of RBS Sempra unit
- Eurogroup’s Juncker: Greece must make more effort on its deficit – Radio
- Cable touch firmer early
- Britain and the PIGS
- UK house prices “to slump as credit crunch returns”
- Inflation expected to rise above Bank of England target
- EUR/USD opens marginally firmer
- USD/JPY slides lower
- Asian FX market wrap: AUD breaks higher again
- Stops win the day in AUD/USD, more stops in EUR/USD above 1.3650
- USD nudging lower across the board
- EUR shorts could be in Limbo for 30 days
- Option sellers stalling further AUD/USD gains
- Around the markets: bourses generally higher by 0.5%-1%
- AUD and GBP trying to generate some momentum
| UK January CPI -0.2% m/m, +3.5% y/y Posted: UK January CPI has come in at -0.2% m/m, +3.5% y/y. The +3.5% y/y rate is the highest since November 2008 and Merve the Swerve will have to write his letter to the Chancellor explaining why. Not as bad as some had feared though. And anyways it's going to come down ... |
| Posted: It's been officially confirmed, this market is "a load of cack." Well not really "officially" confirmed, but that's what my mate Desmond just said and I agree wholeheartedly. EUR/USD sits at 1.3662, little firmer on day, but market doesn't seem interested in taking on aforementioned sell orders up at 1.3690/00. Cable sits at 1.5700, unchanged ... |
| Eurogroup’s Juncker: Concerned about irrational behaviour in financial markets Posted: Just get over it. EU Commission decision clear, if Greece does not attain targets will have to take new steps We should not accept ourselves as targets for financial markets Does not see need to enlarge Greek plan to other countries |
| Spanish FinMin: Greece has full support, but no details on aid Posted: Confident Greece will meet fiscal obligations French FinMin Implementation of Greek deficit cutting plan now most important thing Austrian FinMin Will not let up pressure on Greece Swedish FinMin We are not satisfied with Greek steps so far. Not satisfied with Greek steps on taxes. Does not think it would be correct to rule out aid ... |
| Posted: Happy Pancake Day to all you tossers out there!! I like mine kinda plain, splash of lemon with a sprinkle of sugar. |
| JP Morgan Chase nears $1.7 billion purchase of RBS Sempra unit Posted: Guess they'll be some anticipation of positive M&A flows for cable at some juncture |
| Eurogroup’s Juncker: Greece must make more effort on its deficit – Radio Posted: We discussed issue of aid in Greece Greece must understand other EU citizens not prepared to pay for their mistakes Sanctions for Greece could be looked at, but Greece must act Hopes euro weakness will be positive for exports Germany must fight for Weber to succeeed Trichet as ECB Chief |
| Posted: Cable having opened firmer has edged higher still in early European trade, presently at 1.5720. Talk of sell orders up at 1.5740/50, which is no great surprise. Not sure where stops are, but could be lumpy. Either just above 50 or through 60 I'd guess. UK data today: 09:30 GMT: UK CPI ... |
| Posted: Latest from AEP in The Telegraph. |
| UK house prices “to slump as credit crunch returns” Posted: Interesting. I have to admit the recovery in UK house prices has surprised me a little bit and I expect we'll see another swoon, possibly a sharp one, down the road. |
| Inflation expected to rise above Bank of England target Posted: Merve the Swerve will be writing yet another letter to the Chancellor explaining why inflation has again surpassed the official target. |
| EUR/USD opens marginally firmer Posted: EUR/USD has opened marginally firmer, presently at 1.3645. The pairing will have garnered some support from the rally in AUD/USD. RBA assistant govenor Guy Debelle has suggested further Australian rate hike may come sooner than generally expected. The market is mulling over latest developments regarding Greece. Euro zone states have given Greece 30 days ... |
| Posted: The USD has continued falling and now even USD/JPY is joining in. No new news that I'm aware of, simply some disillusioned longs getting out. New low on the session at 89.72 and EUR/USD just eked out enough momentum to take out stops above 50, the new high there 1.5654. |
| Asian FX market wrap: AUD breaks higher again Posted: RBA minutes from last meeting released; rates to rise gradually but with close watch on global events Australian business confidence index rose to +15 from +8 Australian business conditions index fell to +3 from +10 Regional stockmarkets gain around 0.5% on average Gold maintains gains above $1100, +$6 on the session Another exceedingly quiet session ... |
| Stops win the day in AUD/USD, more stops in EUR/USD above 1.3650 Posted: Remarkable, nothing happens all day and then suddenly we get a run of activity. Firstly the AUD/USD takes out stops above .8930 and that is dragging the other pairs higher also. The next major level to watch is 1.3650 in the EUR/USD as there are supposed to be lots of ... |
| USD nudging lower across the board Posted: Interest remains very muted in Asian markets but the USD is on it's session lows across the board as we head into the close. The AUD/USD has been the most volatile pair, in a 35 pip range, and the market is focussed on the pivotal .8930 level with option interest ... |
| EUR shorts could be in Limbo for 30 days Posted: Reports overnight that the Eurozone has given Greece 30 days to come up with a deficit-control plan is, in my opinion, moderately bullish for the EUR in the short term. The market is quite short already as judged by the CFTC figures which show record EUR shorts of over 57k ... |
| Option sellers stalling further AUD/USD gains Posted: The high so far in the AUD/USD has been .8913 and I'm hearing from the interbank market that option related sellers are capping ahead of .8920. We think as I said earlier that a short dated option structure is in place over the Chinese New Year period when lower volumes ... |
| Around the markets: bourses generally higher by 0.5%-1% Posted: The Nikkei is +0.4%, Kospi +0.5% and Sydney is +1%. Gold has added another $5 to sit at $1106/oz. (The $1050 level has now gained added importance and the bulls are now calling for a fresh leg higher). |
| AUD and GBP trying to generate some momentum Posted: I'm wary about trying to jump on moves on these really quiet days but my short AUD/USD intraday play is looking wrong at this stage. Cable and EUR/USD have also jumped 20 pips with USD/JPY pretty much unchanged at 90.00. I don't think there's any important news out, just the usual ... |
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