Apr 15, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EUR/USD: bids below 1.3550 but EUR/JPY still heavy

Posted:

An interbank source has said there are some big stop-loss sell orders below 125.70 in EUR/JPY and if they come into focus then the reported bids in EUR/USD below 1.3550 are likely to be tested. USD/JPY bids at 92.50 are also thought to be sizeable. Hedge funds have been very ...

ECB: M3 Growth May Be Negative Or Very Modest For Some Time

Posted:

FRANKFURT (MNI) - M3 developments in the Eurozone may be negative or at least very modest for some time to come, the European Central Bank said in its Monthly Bulletin on Thursday. However, the central bank cautioned that given ...

The Singapore Move will Pressure China to Change Yuan Policy

Posted:

As the dust settles on the decision by the MAS in Singapore yesterday in tightening monetary policy by effectively revaluing the Sing Dollar, analysts are warming to the idea that this will be a precursor to China returning to their previous policy of gradual Yuan appreciation. Analysts say China sticks ...

ECB Bini Smaghi: crisis turning point

Posted:

ECB board member sees the Greek crisis at a turning point but the credit markets disagree with the Greek 10 year bond premium to German bunds rising above 400 basis points (thanks Tajul).

ECB Bini Smaghi: Greece Agreement Marks Crisis Turning Point

Posted:

FRANKFURT (MNI) - The agreement reached among Eurozone members last weekend regarding assistance for Greece marks a "key turning point" in the crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi said. "This announcement makes it clear what the euro area authorities have said ...

Investment banks selling EUR/JPY

Posted:

Two of the bigger investment houses have been selling EUR/JPY quite heavily for the last 15 minutes which might mean that they've been 'hit' by one of the bigger hedge funds. EUR/JPY has fallen 60 pips in very quick time so they must have sold plenty.

ECB: E46.440 Bln Covered Bond Purchases Settled Apr 14

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E46.440 billion Eurosystem covered bond purchases had settled as of April 14. As of April 13, settled acquisitions had totaled E46.390 billion, the ECB said Wednesday. The ...

Update 2: BOJ Repeats Japan Regional Econ Up But Gaps Remain

Posted:

-- Adds Comments By Osaka Branch Manager At Bottom TOKYO (MNI) - The Bank of Japan on Thursday left its overview of regional economies for April from three months ago, based on reports from its branch managers who met here for a one-day quarterly ...

EU’s Rehn: no reason to doubt German commitment to Greek aid

Posted:

Despite a potential legal challenge. It's the rider which is encouraging the EUR bears to reemerge from their short hibernation. The EU economic and monetary affairs commissioner is being quoted over the newswires. EUR/USD has been stalled by the earlier reported bids below 1.3620 but more stops are tipped below ...

Early London interbank eyeing EUR/GBP

Posted:

Some selling interest around in early interbank trade and dealers tell me that closing the gap between last Monday's opening and last Friday's NY close is first on the agenda. That level is at .8775. A break below there should open the way for a move to .8710 technicians tell me.

“Nice Little Earner”

Posted:

The US government is now sitting on a "nice little earner - as Arthur would say" as it prepares to sell down its holding in Citigroup. The plan is to sell its common stock holding which represented a $25bln investment back in late 2008 at the height of the global ...

Japan Feb Industrial Output Revised To -0.6% M/M Vs Unch

Posted:

TOKYO (MNI) - Japanese industrial production fell 0.6% in February from the previous month, revised ...

Update: BOJ Repeats Japan Regional Econ Up But Gaps Remain

Posted:

-- Adds Details From 13th Paragraph TOKYO (MNI) - The Bank of Japan on Thursday left its overview of regional economies for April from three months ago, based on reports from its branch managers who met here for a one-day quarterly meeting. ...

Sellers in AUD/USD Parked above 0.9375 Protecting an Option Barrier at 0.9400

Posted:

AUD/USD struggled a little on the topside in Asia after running into a truck load of selling interests above 0.9360. The pair topped out at 0.9366 then drifted off to a low of 0.9330; last at 0.9340. Traders say option related sell orders above 0.9375 are reportedly protecting an option ...

BOJ Repeats Japan Regional Econ Picking Up But Gaps Remain

Posted:

TOKYO (MNI) - The Bank of Japan on Thursday left its overview of regional economies for April from three months ago, based on reports from its branch managers who met here for a one-day quarterly meeting. "All of the nine ...

Cable remains well bid; talk of Sovereign sellers above

Posted:

The market is getting closer to its 1.5550 breakdown level and there is talk of Asian Sovereign names selling cable between 1.5540/70. The amounts are not huge and will not be enough to stem the tide if another stop-loss frenzy hits the cable. The stops are said to be quite ...

EMU Data: MNI Survey Of Econ Data Forecasts, April 15

Posted:

...

ForexLive Asian market wrap: Chinese data exactly as leaked

Posted:

Chinese Q1 GDP +11.9% YoY China's March CPI slips to +2.4% from 2.7% in February, Industrial production +18%, Retail sales +18% UK March consumer confidence falls sharply Reuters Tankan survey sees improvement in Japanese corporate sentiment Australian inflation expectations rise over 4% Regional stock markets rise by 0.5% on average The market had been relying on ...

EUR/GBP falls despite poor UK consumer confidence data

Posted:

This pair has fallen 30 pips during the Asian session which is a reasonably big move for a pair that does very little in this timezone. The heavy technical resistance that we have been talking about around the .8870/.8900 area has remained untested and there are many (myself included) who ...

Australian inflation expectations at 18 month highs

Posted:

Households surveyed in the Melbourne Institute survey expect prices to increase by 4.1% over the next 12 months compared with a 3.2% expectation last month.

No comments:

Post a Comment