May 6, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

UK CIPS Services Activity Growth Slows; April 55.3 V Mar 56.5

Posted:

--One-Off Temporary Factors Seen Hurting Services Sector In April --Impact Ash Cloud, Election Uncertainty, Easter Timing Cited As Factors LONDON (MNI) - Activity growth in the UK's service sector slowed unexpectedly in April, hit by uncertainty over the election outcome and the volcanic ash cloud, ...

EU’s Barroso: Sees negative impact on whole euro zone if no unanimous decision on Greek aid

Posted:

Don't even go there pumpkin.  No way Jose!!!, is what we say.  Just doesn't bear thinking about.

German Vice Chancellor Westerwelle: Germany on track for broad majority in Bundestag Lower House on Greece aid

Posted:

Hooray.  EUR/USD sits at 1.2810.

EUR/USD back above 1.2800 in increasingly nervy trade

Posted:

Trade is becoming increasingly choppy, EUR/USD back above 1.2800 again.  Obviously close proximity of ECB rate decision/Trichet press conference will be playing their part in unsettling market.  You just never know, they might just pull a giant-sized rabbit out the hat.  Maybe as big as Desmond!!  Personally wouldn't hold out too ...

UK Election Daily: Voting Starts; Conservative Lead Firms

Posted:

...

ACB interest also seen in cable. PMI data disappoints

Posted:

Asian sovereign buy interest reported "around 20" in cable.  Having been as low as 1.5021 so far, presently back at 1.5030. Will they stop the rot?  Might be touch and go peeps. April services PMI has come in at 55.3, down from 56.5 in March,  some way below median forecast of ...

Greek 5 year cds 873 bps vs 844 bps at NYK close Wednesday – CMA datavision

Posted:

Implies 50% probability of default say CMA. EUR/USD had a peek over 1.2800 and promptly ran into renewed selling.  We're presently back down at 1.2785.

EU Trade Commissioner: Euro FX ‘In No Way A Concern’: Press

Posted:

FRANKFURT (MNI) - The fact that the euro has fallen somewhat versus the dollar recently is "in no way a concern," EU Trade Commissioner Karel De Gucht said in an interview published Thursday. De Gucht told German daily Sueddeutsche Zeitung ...

ACB also buying AUD/JPY

Posted:

Asian sovereign buying AUD/USD also said to be buying AUD/JPY cross. USD/JPY recovering off 93.30 session low, back up at 93.60.

ACB seen buying AUD/USD

Posted:

I have an inkling could be an old furry friend of ours.  AUD/USD back up at .9035 having earlier dipped briefly below .9000 to .8993 session low.  Large  Japanese bank reported notable seller in earlier sell-off.

Hoooooray, I knew they’d turn up

Posted:

ACB reported buying EUR/USD in 1.2770/75 area in recent trade. We're presently at 1.2780.   Talk of first batch of sell orders up at 1.2790/00.  Wouldn't be surprised if short term spec stops just above there. What about that well-respected fund buying earlier. Guess they really are respected given subsequent price action, ...

ECB: E50.913 Bln Covered Bond Purchases Settled May 5

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E50.913 billion Eurosystem covered bond purchases had settled as of May 5. As of May 4, settled acquisitions had totaled E50.772 billion, the ECB said Wednesday. The ...

Swiss April CPI little stronger than expected

Posted:

Has come in at +0.9% m/m, +1.4% y/y, compared to median  forecasts of +0.7%,  +1.3%  respectively. EUR/CHF sits  at 1.4325. Who would have thunk it?

EUR/USD comes of lows

Posted:

Having been as low as 1.2738, EUR/USD back up at 1.2760. Sources note a well-respected fund has been buying in recent trade.  Maybe they're taking some profit.

Finland FinMin: No Reason Estonia Can’t Join EMU 2011: Press

Posted:

FRANKFURT (MNI) - There is no reason why the Baltic country of Estonia shouldn't be able to join the Eurozone as planned in 2011, Finnish Finance Minister Jyrki Katainen said in an interview published Thursday. Katainen told German daily Frankfurter Allgemeine Zeitung that "all states must be ...

Cable stops

Posted:

Noted through 1.5030.

EU’s Barnier: Does not fear risk of contagion from Greece

Posted:

Ummmm.

Another leg lower for EUR/USD

Posted:

EUR/USD down at 1.2760,  hedge fund and Russian selling notable. I await reports of ACB and BIS buying emerging, or maybe even they've given up.  As we know we tend to get pockets of buying interest usually in 50/60 area.  Will be interesting to see if we follow usual pattern. ...

Rpt: Japan Apr New Vehicle Sales +33.5% Y/Y, Up 9 Mths In Row

Posted:

-- Repeating Story Sent At 0125 ET Due To Technical Difficulties TOKYO (MNI) - New vehicle sales in ...

Cable gives ground early

Posted:

Cable has given up a quick half cent or so, presently at 1.5070.   Hedge funds said to be notable sellers. UK bookies still favouring hung parliament. Ladbrokes  Conservative majority 5/4        No overall majority  4/6

No comments:

Post a Comment