Apr 16, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Analysis: EMU February SA Trade Surplus As Expected

Posted:

Seasonally adjusted results: February: +E3.3 billion MNI survey median: +E3.3 billion MNI survey range: +E2.0 bln to +E4.2 bln January: +E1.9 bln December: +E3.4 bln November: +E3.7 bln October: +E3.5 bln September: +E0.8 bln Non-seasonally adjusted results: February: +E2.6 billion January: -E9.0 bln (revised from -E8.9) December: +E4.0 bln ...

Japan Govt Keeps View Unchanged: Econ Picking Up Steadily

Posted:

-- Cabinet Office Official: Long Way Before Japan Overcomes Deflation ...

Euro Zone March inflation +1.4%

Posted:

Expectations were for 1.5%. With all thats happening in Greece, nobody is paying any attention to fundamentals. After all, if you listen to some, there will be no EUR come Christmas. EUR/USD is being dragged higher by cable, currently trading around 1.3555.

EUR/CHF: sitting on support 1.4325/30

Posted:

Obviously something significant happening at this level with the market unable to break below here all week. On the other hand one can also say that bounces have been anaemic. Many traders have given up trading this pair as it hardly moves for weeks on end and then spikes violently ...

USD/JPY bids very solid around 92.50/55

Posted:

The low so far on the EBS has been 92.51 and the bids are very solid dealers say but if they get filled watch out for stops just below. EUR/JPY is also trying to bounce after putting in a low at 125.10. Technicians tell me that first resistance is at 125.70 ...

EMU Fin Mins Unlikely To Make New Greece Announcement Friday

Posted:

--Markets Continue To Pressure Greece As Fin Mins Meet MARDRID (MNI) - Those hoping for more information on a potential aid package for debt-ridden Greece are likely to be disappointed Friday, with Eurozone finance ministers rebuffing questions as they gathered for a meeting in Madrid. ...

Banks Making a Fortune in Fixed Income Trading

Posted:

Anyone wondering why banks are making big profit at the moment - this article from David Goldman will help to explain. "Give banks unlimited access to financing at close to 0% and a steep yield curve, exempt them from marking their worst assets to market, and they will earn money, even ...

ECB’s Noyer Opposes Proposals For European Bank Rescue Fund

Posted:

BERLIN (MNI) - ECB Governing Council member Christian Noyer opposes proposals by private bank CEO's that public money should flow into a European bank rescue fund, he told German business daily Handelsblatt in an interview published Friday. "Any sort of ...

ECB: E46.730 Bln Covered Bond Purchases Settled Apr 15

Posted:

FRANKFURT (MNI) - The European Central Bank said Friday that a total of E46.730 billion Eurosystem covered bond purchases had settled as of April 15. As of April 14, settled acquisitions had totaled E46.440 billion, the ECB said Thursday. The ...

EU Rehn: EU Will Join Monday Greece Talks On Aid Conditions

Posted:

MADRID (MNI) - European Economic and Monetary Affairs Commissioner Olli Rehn confirmed Friday that EU officials will participate Monday with the ECB, IMF and Greek government officials in talks intended to establish the precise terms for activating the contingency aid program for Greece. ...

GBP/USD Continues to Slide

Posted:

With London now fully up and running, GBP/USD has fallen sharply through 1.5400 to a low of 1.5366. Whilst the move looks exaggerated, traders say the pair is very illiquid with the buffeting from opinion polls keeping players on the sidelines. This is only a trade for the brave..................

Germany Seeks Bids On E2Bn Jan2011 Bubill Top Up; Sale Apr 19

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids on a E2 billion top up of its January 2011 12-month bubill, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, April 19. The announcement of the ...

Germany Confirms To Sell E4 Bln New 12-Month Bubills Apr 26

Posted:

FRANKFURT (MNI) - The German federal government will auction E4 billion in new 12-month bubills on April 26, the Bundesbank confirmed Friday. The formal tender offer will be made on Friday, April 23. Bids are due by 0900 GMT on ...

Harsh Punishment

Posted:

There was a story out today that said a manager at a Chinese bank had been sentenced to death for taking a bribe (later commuted to life imprisionment). Lets forget reintroducing Glass Steagall/Volcker rule and have all bank executives dealt with under Chinese Law the next time they unleash weapons ...

EUR/USD – Bounces Anemic

Posted:

EUR/USD remains heavy in early Europe and it looks like only a matter of time before the market has a go at 1.3500 and the stops reportedly around 1.3490. 1.3496 was last Fridays NY close. For those that think it has been a long week they are right. EUR/USD opened in ...

GBP and the Opinion Polls

Posted:

As I have been saying this week the opinion polls in the UK are mostly a sideshow. The bookmaker prices have barely budged where they have the conservatives odds on favourites to take power with a clear majority. The sell-off overnight on the back of the televised debates may have ...

CORRECTION:EMU 14 Car Regs Post Y/Y Rise In March:ACEA

Posted:

- Corrects Headline to Read Rise instead of Decline - FRANKFURT (MNI) - Passenger car registrations in the Eurozone were 6.9% higher on the year in March, more than doubling February's annual gain, the European Automobile Manufacturers' Association (ACEA) reported Friday. ...

EMU 14 Car Regs Post Y/Y Decline In March:Based On ACEA

Posted:

FRANKFURT (MNI) - Passenger car registrations in the Eurozone were 6.9% higher on the year in March, more than doubling February's annual gain, the European Automobile Manufacturers' Association (ACEA) reported Friday. In the EU15, which includes Sweden, the United Kingdom ...

“Risk Off” the Main Theme Today

Posted:

Asia reportedly not at all impressed by the ongoing Greece saga and was quick to clear their books of so-called risk trades today. Stocks swooned led by the Nikkei, EUR/JPY stops tripped whilst Greece just won't go away. Throw into the mix a weak GBP on the back of the televised ...

Singapore PM thinks China should follow MAS lead

Posted:

As Solange so eloquently pointed out earlier in the week, Singapore and China have a history of very close relations. Lee Hsien Loong said in an interview with Charlie Rose that the peg was causing a lot of angst and that China should allow the Yuan to strengthen to prevent its ...

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