Apr 8, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

AUD/USD gives ground during European trade

Posted:

AUD/USD down at .9235 from early .9275 with talk a US custody bank (custodial) has been a notable seller.

BIS buys EUR/USD

Posted:

EUR/USD up slightly at 1.3295 from session low 1.3282 with BIS (Bank for International Settlements) reportedly seen buying.

UK Analysis: Manufacturing Output Bounces Back Sharply In Feb

Posted:

--Feb manufacturing output +1.3% m/m; +1.4% y/y --Feb industrial production +1% m/m; -0.1% y/y LONDON (MNI) - Manufacturing output bounced back sharply in February, taking annual growth to its highest level for two years, according to figures released by National Statistics Thursday. ...

Update: Halifax: UK House Prices Rebound In March

Posted:

--Update: Adds Detail To Version Transmitted At 0812 GMT --House Prices Up 1.1% m/m In Mar; Up 5.2% 3m y/y --UK Q1 House Prices Up 0.6% q/q ...

UK February manufacturing/industrial output better than expected

Posted:

UK February manufacturing output +1.3% m/m, demonstrably stronger than median forecast +0.7%. Industrial output +0.8% m/m, stronger than median forecast +0.5% Cable rallies, presently at 1.5190.

Halifax: UK House Prices Rebound In March

Posted:

--House Prices Up 1.1% m/m In Mar; Up 5.2% 3m y/y --UK Q1 House Prices Up 0.6% q/q ...

Portuguese/German 10-year government bond yield spread hits 132 bps

Posted:

Widest since early March. Elsewhere Greek bank stocks down 5%. EUR/USD at session low 1.3283. Now hearing buy orders lined up at 1.3275/80.  And in an update, talk of stops through 1.3270.

Cable bounces. Coupla bits of good data

Posted:

UK halifax house price index up +1.1% m/m in March, above market median forecast of +0.6% Also UK new car registrations +26.6% y/y in March. Cable at 1.5172 from session low 1.5149.

EUR/USD lower as 1.3300 gives out

Posted:

EUR/USD sits at 1.3293 having been as low as 1.3286, option interest at 1.3300 having been duly dispatched. Talk is that a German bank did alot of the heavy lifting (selling) in getting through 1.3300. Coincidently there is talk that another German bank (different one to above EUR/USD seller) has pulled repo lines ...

Cable extends sell off

Posted:

Sterling struggling. Cable has extended sell-off as low as 1.5151 so far, presently at 1.5158.  EUR/GBP is up at .8776 from early .8755.  Latest poll news suggests we could be headed toward a hung parliament while BIS has helped highlight parlous state of Uk public finances. Talk of stops through 1.5130.

Greek/German 10-year bond yield spread hits 416 bps

Posted:

Widest in euro lifetime. EUR/USD sits at 1.3310 having been as low as 1.3302 as the battle of the 1.3300 option interest continues.

Latest from AEP

Posted:

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britian and most of Western Europe threatening to set-off a bond crisis at the heart of the global economy.

ECB: E45.279 Bln Covered Bond Purchases Settled Apr 7

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E45.279 billion Eurosystem covered bond purchases had settled as of April 7. As of April 6, settled acquisitions had totaled E44.890 billion, the ECB said Wednesday. The ...

Japan Mar Economy Watchers’ Index Rises To 47.4 Vs Feb 42.1

Posted:

-- Japan Mar Econ Watchers' Index Up For 4 Months In Row -- Japan ...

Latest Populus poll for The Times shows Conservative lead 7%

Posted:

That be hung parliament territory. Bummer.

USD/JPY retains heavy feel in early Europe

Posted:

No respite yet for USD/JPY, presently at 93.20.  Seem to be alot of sell stops parked not very far away. Im hearing through 93.10, through 92.90 and through 92.70.  Crikey.

China should gradually widen yuan trading band as regional use of yuan expands

Posted:

Says PBOC advisor.

Repeat: Japan Feb Core Machine Orders -5.4% M/M Vs Jan -3.7%

Posted:

-- Japan Feb Core Machinery Orders -7.1% Y/Y Vs Jan -1.1% -- Japan Feb Core Machinery Orders Post 20th Y/Y Drop In Row -- Japan Govt Repeats: Machine Orders Downtrend Nearing End TOKYO (MNI) - Japan's core private-sector machinery orders unexpectedly fell a seasonally adjusted ...

BOJ April Report: Low-Rated Corp Bonds Show Sign of Recovery

Posted:

TOKYO (MNI) - The Bank of Japan sounded slightly more positive about the effects of its very stimulative credit policy on Thursday, a day after its board decided to continue fighting deflation with a practically zero interest rate and ample liquidity injections. ...

Cable little easier ahead of Old Lady’s rate decision

Posted:

Cable down at 1.5225, marginally easier from North American close Wednesday up around 1.5250.  Article in the Telegraph with attention grabbing headline "UK needs drastic measures to prevent debt explosion" will have been duly noted.  Highlights BIS 's stark warning on UK debt. Data/events today: 08:00 GMT:  Halifax March house price index 08:00 GMT:  SMMT ...

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