May 13, 2010

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Pop goes the weasel…..

Posted:

What happened to my bloody quiet day. No rest for the wicked. Buy orders at 1.2600/10 offered no decernible support whatsoever and stops just below duly tripped and session low 1.2572 posted. As mentioned earlier could probably expect to hear talk of buy orders around 1.2550 ahead of 1.2500 dnt lower parameter. Well guess ...

DCLG: UK March House Prices +0.7% M/M; +9.7% Y/Y

Posted:

LONDON (MNI) - UK house prices rose by 0.7% on the month in March and by 9.7% on March 2009, the Department of Communities and Local Government said today. The DCLG said that UK house prices rose by 2.8% in ...

ECB Forecasters Survey: EMU Recovery Continuing But Modest

Posted:

PARIS (MNI) - The Eurozone recovery continues at a modest pace, driven largely by trade with the more dynamic emerging market economies, which is expected to be boosted by the substantial recent decline of the euro's exchange rate, according to the European Central Bank's quarterly ...

EUR/USD extends sell-off

Posted:

That big German bank always has an impact, bully.  EUR/USD has extended sell-off, presently at 1.2620.  As aforementioned, buy orders noted earlier at 1.2600/10, stops below.  Will they be enough to hold the line. All will be revealed.  Drumm roll please.................

UK Analysis: March Trade Deficit Widens On Higher Imports

Posted:

--Mar global goods deficit Stg7.522bn vs Stg6.305bn in Feb --Mar global goods/services deficit Stg3.683bn vs Stg2.187bn in Feb --Mar global goods deficit ex oil/erratics Stg7.437bn vs Stg6.177bn Feb --Mar global goods deficit median forecast Stg6.5bn; total Stg2.6bn LONDON (MNI) -- The UK's goods trade deficit with the world widened ...

UK trade data disappointing

Posted:

March global goods trade balance has come in at -7.522 bln, worse than median forecast of -6.41 bln. Has added to pressure on cable which is presently at session low 1.4803.

News Flash: SNB said to be lined up at …………

Posted:

1.4005 in EUR/CHF. Hot off the presses.

EUR/CHF lower…………….again

Posted:

EUR/CHF has given up a quick 30 points, presently down at 1.4010, flirting with supposed 1.4000 barrier option interest. Also talk SNB will have lined up 1.4000 as yet another line in the sand.  Guess we'll find out fairly soon on that one. Read some comments from a Swiss bank yesterday ...

EUR/USD slips back, notable seller

Posted:

EUR/USD has slipped back to 1.2650 at writing with sources noting a major German bank an aggressive seller in recent trade. Sell orders aforementioned up at 1.2690-1.2710 were never seriously threatened during the early rally despite the better tone to global stocks. Not the first time we've seen that recently, ...

Japan Survey: Economists See Higher GDP, Slow CPI Recovery

Posted:

-- See Separate Tables For Details TOKYO (MNI) - Economists have revised up their forecasts for Japan's economic growth for the next couple of years while projecting that the pace of consumer price drops will decelerate next year but only gradually, according to the latest monthly ...

Shanghai stock index ends up provisional 2.1%

Posted:

Biggest percentage gain in 6 weeks. Reflects general better tone to global stockmarkets.  Helping to underpin (nothing more than that) EUR/USD so far this morning, presently at 1.2675. Yen continues to see weakness, USD/JPY up as high as 93.64 so far and EUR/JPY as high as 118.72, both presently off slightly at .93.52. ...

USD/JPY touch firmer, stops noted

Posted:

Well, global stockmarkets seem a little more stable and against this backdrop yen a touch easier. EUR/JPY up at 118.30 from early 117.95. USD/JPY up at 93.40 from early 93.20.  Stops said to be gathered through 93.65 and more through 94.05.

AUD/USD ticks a little higher, sell orders/stops noted

Posted:

AUD/USD has ticked up to .9015 from early .8995.  Talk sell orders lined up at .9030/40, with buy stops just above there.

EUR/USD touch firmer after slow Asian session

Posted:

I like this, yes I like this alot. Nice easy calm start to European trade, EUR/USD very narrow rangebound, slightly firmer from North American close Wednesday around 1.2620.  Maybe my fingers can get a well-earned rest. I know you 'd all like a really hectic, volatile market, but you need the slow periods ...

Japan Apr Economy Watchers’ Index Hits 3-Year High of 49.8

Posted:

-- Japan Apr Econ Watchers' Index Up For 5 Months In Row ; ...

EU imposes wage cuts on Spanish “Protectorate”, calls for budget primacy over sovereign parliaments

Posted:

Spain has followed Ireland and Greece in imposing 1930s-era wage cuts to slash the budget deficit, complying with EU demands for further austerity in exchange for the 720 bln euros "shock and awe" rescue of eurozone debtors.  Latest from AEP at The Telegraph.

ForexLive Asian market wrap: equities higher, quiet consolidation in FX market

Posted:

Australian unemployment rate 5.4%, 34k new jobs created Japan's March current account balance much greater than expected at +65% YoY UK consumer confidence slightly higher in April Germany's SAP agrees to buy US company Sybase RBA asst gov Lowe: central scenario for Australian economy still positive EU debt problems could cause postponement of CNY reval- ...

EUR/AUD: getting close to important support levels

Posted:

The low so far this session has been 1.4062 which is only 7 pips above the recent 1.4055 lows. The bounce today has been quite non-existent and if Europe opens with a bearish tone to the EUR, then we can expect this cross to follow the way of EUR/CAD in ...

Eurozone debt problems could see delay in CNY reval

Posted:

This will-they-won't-they story has been going on for months and I think the market has given up on trying to position itself for such an event as it's too difficult to predict the timing. The FT online is speculating that the debt problems inside the EU will see the Chinese ...

Quick look at the order board

Posted:

AUD/USD: trailing stops above .9040 USD/JPY: solid offers 93.35 through 93.50. Heavy stops above 93.65 and 94.05 EUR/CHF: barrier protection ahead of 1.4000; SNB expected to defend same level EUR/USD: BIS have been active seller above 1.2725, offers now rumoured to be at 1.2690/00. Plentiful bids towards 1.2600 but stops building just below.

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