Jun 2, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Talk 2 (The Sequel)

Posted:

Sovereign buyer seen in EUR/USD in recent trade.  No big impact. We're presently at 1.2217 in slow trade.

France Lagarde:Must Combine Fiscal Consolidation,Econ Support

Posted:

PARIS (MNI) - Fiscal austerity measures must not undermine the still fragile recovery of the Eurozone economy, French Finance Minister Christine Lagarde warned on Wednesday. Nonetheless, the consolidation of public finances is an "imperative that must be pursued," the minister ...

Talk….

Posted:

UK clearer has been buying EUR/GBP in recent trade, but it hasn't really shifted the price much so far.  We're presently at .8320.

ECB: New VP Constancio To Lead Administration, Financial Stab

Posted:

FRANKFURT (MNI) - New European Central Bank Vice President Vitor Constancio will be responsible for administration and financial stability, the bank said in a press release Wednesday. "In addition to his statutory duties as deputy to the President, the Vice-President, ...

TABLE: BOE Mortgage, M4 ex-IOFCs Data For April

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UK Data: BOE’s Favoured M4 Measure Hits Series High

Posted:

--BOE: Apr M4 Ex-Intermediate OFCS +0.3% m/m; +6.6% 3m Annualised --BOE: UK Apr House Purchase Approvals 49,871 vs 49,008 March --BOE: Apr M4 Ex-IOFCs 3m Annualised Highest in Data Series --BOE: UK Apr Net mortgage Lending stg490mn vs stg168mn March --BOE: UK Apr Net Consumer Credit -stg136mln vs ...

Germany Govt Okays Bill On Widening Naked Short Selling Ban

Posted:

BERLIN (MNI) - The German government cabinet on Wednesday adopted a bill that widens the government's recent temporary ban on uncovered short selling of certain assets and makes them permanent. The draft foresees a ban of naked short selling on ...

EUR/GBP pops back above .8300

Posted:

Having been as low as .8281, the cross has popped back above .8300, presently at .8312.   Talk of sell orders now lined up at .8320 up to .8340.  Would be interesting to know where buy stops gathering. Anyone finds out let me know. Toodle pip.

Japan FinMin Kan likely to run for ruling party head – TV

Posted:

No surprise there. Meanwhile S&P says Japanese regional banks face falling core profitability. USD/JPY retains bid tone, presently at 91.60.  Talk of stops through 91.85.

Central banks in Brazil, India, Japan, South Korea won’t stop investing in euro – Govt sources say in seperate interviews

Posted:

Brazil, India, Japan. S.Korea, Russian sources say few alternatives to euro, U.S. dollar despite fiscal outlook. Story being run on Reuters will have helped give EUR/USD a boost. We're presently up at 1.2245. Unnamed sources have told Reuters in a series of interviews that some of  the world's richest central banks will ...

ECB: E55.095 Bln Covered Bond Purchases Settled Jun 1

Posted:

FRANKFURT (MNI) - The European Central Bank said Wednesday that a total of E55.095 billion Eurosystem covered bond purchases had settled as of Jun 1. As of May 31, settled acquisitions had totaled E54.770 billion, the ECB said Tuesday. The ...

Life is seldom easy

Posted:

Cable sits at 1.4722 at writing, holding up pretty well so far. Earlier I mentioned talk of decent-sized stops above 1.4750 (as Sean had reported overnight.) I'm now getting reports of sell orders at 1.4755/65 and again at 1.4790/00.

Talk BIS sold EUR/USD

Posted:

Up around 1.2220/25.  We sit at 1.2222, so their impact has been limited.

EUR/GBP continues lower

Posted:

EUR/GBP has continued it's journey south, presently at .8290.  Talk of decent-sized stops below .8280.

Cable on decent run; talk of stops not far away

Posted:

Cable up best part of a big figure from where it closed out in North America, presently at 1.4743.  Sean mentioned talk of stops above 1.4750 overnight. The collapse of the Pru/AIA deal has been the trigger and perception this means hedge has to be unwound. For today a few data ...

Japan Average Regular Gasoline Price Posts 1st Drop in 13 Wks

Posted:

TOKYO (MNI) - The average price of regular gasoline in Japan this week fell to ...

EU’s Barroso: Euro is strong and credible currency

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You gotta give it to Jose Manuel, he's a trier.

EUR/USD very marginally easier in Asian trade

Posted:

Not too much change in Asia overnight, EUR/USD very marginally easier at 1.2200 presently, having closed out around 1.2225 in North America Tuesday. Talk of China 1.2100-1.2500 dnt in place.  This will be helping contain price activity to some extent. Little or nothing in way of euro zone data today: 09:00 GMT: Euro ...

EMU Data: MNI Survey Of Econ Data Forecasts, June 2

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ForexLive Asian market wrap: JPY falls as Japanese PM resigns

Posted:

Japanese PM Hatoyama resigns Australian Q1 GDP +0.5% Increasing talk of an agreement between Australian government and mining companies Threat of a criminal probe and possible corporate break-up saw BP drag Wall Street 1% lower late in session BP has been trying to reassure investors regarding future costs and this helped Asian stockmarkets rebound Regional markets ...

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