May 19, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Germany SPD To Back EU Aid If Govt Moves On Fin Mkt Regulat’n

Posted:

BERLIN (MNI) - Germany strongest opposition party, the center-left SPD, will vote for the euro rescue bill if the government backs its demands for tougher financial market regulation, SPD parliamentary managing secretary Thomas Oppermann told German ZDF television on Wednesday. ...

EUR/GBP extends sell-off

Posted:

Presently down at .8505 from early .8535.  Talk large European corporate buying around current levels. Will be interesting to see how long their buying can hold cross above psychological .8500 line. (Answer, not long)

Talk China buyer EUR/USD

Posted:

Down around 1.2185/90. We're presently at 1.2220.

Germany Drafting Tougher Stability Plan For EMU: Press

Posted:

FRANKFURT (MNI) - The German government is drafting a plan to stabilize the single-currency area, the business daily Handelsblatt reported Wednesday, citing an internal government document. The highlights of the program include drastically tougher sanctions than those currently in force ...

BOE Offers Unltd Usd In 7-Day Repo, Fixed Rate TBA

Posted:

LONDON ((MNI) - The Bank Of England said Tuesday it was offering an unlimited supply of U.S. dollars in a 7-day repo operation, settlement date May 20, maturing May 27 2010. The Bank said the repo would be at a fixed-rate, with the ...

For those wondering………

Posted:

Where sell stops might be in EUR/CHF, just incase the SNB decides to relinguish it's support of 1.4000 line.  Talk of decent-sized stops down at 1.3975.

Cable edges higher in early European trade

Posted:

Cable has tacked on about half a cent in early European trade, presently at 1.4335.  Would expect some sell orders lined up at 1.4340/50 with maybe smallish stops just above there.  I 've found watching cable this week quite fascinating, the 1.4400 level (where huge May 20 option expiry lies) ...

EUR/USD off to very cagey start

Posted:

EUR/USD has given a little ground in early European trade, presently at 1.2185 with sources noting real money selling.  Market conditions are described as "very thin" which is hardly surprising given yesterday's mayhem. Alot of attention being paid to 50% retracement level of all time highs/lows seen at 1.2135 (although I've ...

Riksbank’s Ingves: Debt Problems Come Back To Haunt You: FT

Posted:

FRANKFURT (MNI) - One of the lessons of recent years is that too much debt, whether it be in the household, corporate or public sector comes back to haunt you, Riksbank Governor Stefan Ingves told the Financial Times in an interview published Wednesday. ...

Ex BOJ board member Mizuno: Expect German short selling ban to increase euro selling

Posted:

There is risk of further rise in yen Do not think Japan authorities will act on yen rise vs euro EUR/JPY falling, not helped by last comment, presently at 111.85.

German FinMin: We haven’t convinced the markets yet, we must reduce deficits

Posted:

We expect Greece to pay back its debts Could do financial transaction tax if could get global deal, but chances of that slim Not planning VAT rise in this parliament

EUR/USD closing out Asian session little changed

Posted:

EUR/USD sits at 1.2200 as European trade gets underway, pretty much where North America closed out Tuesday with Asia consolidating recent euro losses.  Watching developments yesterday was akin to watching a train wreck.  Germany's move to ban naked short sales of euro-denominated government bonds, credit default swaps based on those ...

Japan Average Regular Gasoline Price Up 11th Week In Row

Posted:

TOKYO (MNI) - The average price of regular gasoline in Japan this week rose to Y139.5 ($1.52) per liter, or $5.78 per gallon, from Y139.0 last week, posting the 11th weekly rise in a row, according to data released by the Oil Information Center on ...

Japan Mar Industrial Output Revised Up To +1.2% M/M Vs +0.3%

Posted:

TOKYO (MNI) - Japanese industrial production rose 1.2% in March from the previous month, revised ...

ForexLive Asian market wrap: AUD suffers on the crosses

Posted:

German ban on short-selling of certain financial instruments caused new waves of risk-aversion overnight and drove Asian stockmarkets lower Australian consumer confidence falls in May Paul Volcker was prominent on the newswires talking up the EUR Regional stockmarkets fall by 1.6% Oil falls over 1%, Gold steady The increasing talk of financial market reform and ...

Back to where we started, except for the AUD

Posted:

I think all of the majors are pretty much where they were when we started the day, with the exception of the AUD/USD which is almost 100 pips lower. European traders are going to walk in to news of proposed financial market reforms and I suspect that the GBP might ...

AUD/USD back above .8580

Posted:

Dealers say that some of those who sold the .8575 break earlier are now covering their positions. Selling rallies is still the preferred strategy but when is a rally a rally? I prefer to play the short AUD through EUR/AUD for the moment.

Around the markets: regional stockmarkets 1.6% lower

Posted:

Pretty uniform falls on sharemarkets around the region with the Nikkei -1.6%, HK -1.6%, the Kospi -1.7% and Sydney -1.6%. Gold is trading at $1213/oz, unchanged on the session and oil is over 1% lower at $68.60/bbl.

EUR squeezes higher; short covering on the crosses

Posted:

The EUR has now started to make some small gains on the session against the JPY and the USD after making earlier moves against the GBP and particularly the AUD. Some talk earlier of sell orders at 1.2250 in the EUR/USD and as that was the previous low, that would ...

Volcker: serious questions on long-term fiscal challenges for US

Posted:

Yes Paul, the fact that the US can never repay its debt is somewhat of a challenge. Mr Volcker who is an economic adviser to President Obama says that the European debt crisis shows the risk to the US of uncontrolled borrowing. What he doesn't say is that the recent ...
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)