Feb 22, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Greeks say belt tightening in right direction – poll

Posted:

A poll for Marc for Sunday's Ethnos newspaper shows that 57.6% of those polled consider belt-tightening goes in the right direction.  74.2% think the government was too slow to react.  75.8% think there should be no strike action until the crisis has passed. Meanwhile public and private sector unions will stage ...

EUR/USD lower, BIS sells

Posted:

EUR/USD is trading lower, presently at 1.3595. Talk is that BIS sold up in 1.3625/30 area.  Russia has also been notable seller this morning. EUR/GBP trading lower, presently at .8793 from early .8810. French name notable seller here.

Dutch consumers not feeling very confident

Posted:

Dutch February adj consumer confidence -13 pts from -10 in January.

China’s top leadership says to maintain appropriately loose monetary policy in 2010 – Xinhua

Posted:

To balance objectives of growth and managing inflation expectations.

EUR/USD little changed early

Posted:

EUR/USD sits at 1.3625, little changed in early European trade.  Price action so far being confined by buy interest down 1.3600/05 and sell interest up at 1.3650. Stops seen through 1.3580, although I suspect they'll be some just below 1.3600. On topside stops seen through 1.3660.  And its raining.

UK businesses “blinkered” on state of the economy after the recession

Posted:

The UK's business environment will "never return to pre-recession normality" and weak economic growth is likely to continue until 2015, according to some of the UK's top economists.

USD/JPY

Posted:

Good morning, Gerry, There appears to be some confusion on where (and why) the USD/JPY is headed. If you look at an "H4" chart of this pair, you will note that since the beginning of this year, it has made a nice inverted head and shoulders formation and is now cruising ...

Talk BOK bought USD/KRW

Posted:

Around 1,147 overnight.  Amount tipped at $300-400 mln.  At some  juncture portion of those dollars likely to be diversified into euros. EUR/USD has slipped slightly in early European trade, presently at 1.3620.  European stocks look headed to open marginally lower.

Cable seeing steady trade at start of new week

Posted:

Cable very little changed from where it closed out last week, marginally firmer at 1.5480.  So far resistance at 1.550o has held the recovery from the recent 1.5345 low. I have to admit I thought the weekend press, with Labour cutting into Tories poll lead and Heseltine tipping hung parliament, would ...

Europe’s monetary union an instrument of deflation torture

Posted:

Latest from AEP at The Telegraph.

EUR/USD opens marginally firmer

Posted:

EUR/USD is opening marginally firmer from where North America closed out last week, presently at 1.3635. Interesting to note George Soros op-ed piece in the FT entitled "The euro will face bigger test than Greece." I'm sure most would probably agree with that sentiment.  Anyways, that's by the by. For today the ...

Asian FX market wrap: modest recovery in EUR continues

Posted:

Featureless Asian session with no important developments Nikkei, Hang Seng gain over 2.5% BoJ and Japanese FinMin continue to spar over deflation issue Chinese markets re-open after week off Yuan continues to strengthen on speculation of 'flexibility' in exchange rate But China increasingly worried over speculative capital inflows Latest research in FX positioning suggets that commodity ...

A bucket list: 10 things you want to see before euro dies…

Posted:

1/ I wish that the FED "faces the consequences of their actions". That's what my mum used to tell me when I was six years old. The discount rate was one the fist tool the FED turned to in august 2008 with a 0.50% rate cut. An unexpected hike, outside ...

USD/JPY: technicals and fundamentals of little use

Posted:

The market totally ignores all economic data out of Japan. The economic situation in Japan isn't improving very quickly but when the alternative to buying JPY is buying EUR, GBP or USD, then it's just another ugly contest. The technical picture for USD/JPY isn't any clearer with the long term downtrend still ...

EUR/GBP: .8850/60 again the level to watch

Posted:

Not much in the way of overly bearish articles in the UK press (for a pleasant change) so we should see a fairly quiet open in Europe for the GBP. Cable broke below it's seemingly pivotal 1.5500/50 level with ease on Friday and at times looked like it was about ...

EUR woes far from over

Posted:

That is according to this report from Bloomberg. EUR/USD is still struggling to break above short term technical resistance at 1.3650.

CAD the big mover in FX positioning

Posted:

Two CAD mentions in one day, and the match isn't even over yet (4:2 to the US at the moment). I've just been reading through the latest bank research on overall speculative positioning in the FX market. Sharp rise in net overall CAD longs Slight rise in EUR shorts to almost 60k contracts, ...

For once in my life, I agree with Soros

Posted:

The euro is a flawed construct, he writes in the FT.

Shanghai opens flat after 1 week holiday

Posted:

The Nikkei is up by almost 3% at this stage and that is very encouraging for all those so-called risk trades out there. The Shanghai market has just opened after a 1 week break and it is dead flat in very early trade.

Gold above $1130/oz

Posted:

News that the IMF were selling out of their last reserves might normally be expected to drive the price lower. Not in this market though, with central banks like India and China buying on dips and the latter at least with very large reserves of cash to spend. The spot ...
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)