Jun 10, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Greek Unemployment Falls

Posted:

Obviously a few Greeks have got the hint - anyway very old data just out......Greek March unemployment falls to 11.6% vs. 12.1% in February.

World “ganging” up on Goldman’s

Posted:

The firm that says it was only doing "gods work" remains under instense pressure. The SEC has opened a second probe into the Hudson Mezzanine CDOs. Bloomberg reports that the inquiry may not lead to any additional charges -  it could of course pave the way for  a civil suit. Speaking ...

New Intraday Highs for EUR/USD and AUD/USD

Posted:

The early London easing in both EUR/USD and AUD/USD appears to be over with both pairs making fresh intraday highs a few moments ago. Not sure what was the trigger but bond spreads between the peripherals and Germany are easing whilst Spain got away a good 3-yr auction a short ...

Spain sells 3.9bln Euros of 3 -yr bonds

Posted:

Spain has successfully got away the sale of EUR3.9bln benchmark bonds this morning. Target amount was EUR3-4bln - bid/cover ratio 2.1,

Jim Rogers says Now May be the Time to Buy Euro

Posted:

Jim Rogers over CNBC says everybody is so bearish about the Euro that it looks like now is a good time to buy! Very contrarian view of course but then this man has a track record second to none.

AUD/USD Remains Firm

Posted:

AUD/USD has been the star performer today. Once again all the overpaid analysts underestimated the strength of the domestic job market with unemployment falling to a cycle low of 5.2%. What would the US (10%) or for that matter Spain (20%) give for that unemployment rate. Yet despite the strong ...

Analysis: BOE MPC Doubts In Face Of Resilient Inflation

Posted:

--BOE MPC Wrestles With Uncertainty Over Spare Capacity Levels --Policy On Hold Facing Downside Growth Risks; Upside Inflation Risks ...

Stop Run over in GBP/USD

Posted:

The stops have been taken out above 1.4600 with the pair running to 1.4618. It looks like the move was all hot air as the pair quickly returned to 1.4580. Looks like it was the clean out we had to have.

ECB: Opportunity to Underwhelm Again

Posted:

I think we all know what the ECB should do today - cut rates 50bps and bring in QE to take the peripherals sovereign debt off bank balance sheets. What they WILL do however is an entirely different question. One suspects we will see some liquidity measures; re-institute the 12 month ...

EUR/USD above 1.20 but its a Struggle

Posted:

EUR/USD surged back above 1.20 in Asia today following comment from China's pension chief indicating that they were still concerned with their FX reserves and would continue to diversify. Whether this was just a cheap shot across the bows at the Yanks it is hard to tell. All up it was ...

ECB: E56.347 Bln Covered Bond Purchases Settled Jun 9

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E56.347 billion Eurosystem covered bond purchases had settled as of June 9. As of June 8, settled acquisitions had totaled E56.162 billion, the ECB said Wednesday. The ...

Cable: not yet affected by BP/US fall-out

Posted:

BP is public enemy number one in America as can be seen in this NY Times Op-Ed piece and the big question is whether the fall-out from the big leak will have any effect on the cable. Personally I don't think so and the market seems to be of the same ...

AUD/USD: still hanging around just below the 20-day MA

Posted:

The 20-day MA has forever been a favourite technical indicator for AUD/USD traders. I have it coming in at .8390 today and a clean break above would usually set off a spate of trailing stops especially in such a strong trending market.

USD/JPY: if anyone’s got a strong handle on it, then please…

Posted:

Most of my trading circle is bullish USD/JPY and I am perhaps the only perennial bear. That said, I can see lots of reasons at the moment why it should be trading somewhat higher- but it's not. The really overwhelming factor was the masses of sell orders every 5 or ...

Apologies, forgot Gerry’s on late shift

Posted:

Jamie is off today and Gerry will cover the NY shift. I'll try and keep things ticking until cover arrives.

Update: Japan May Cons Confidence Index Up 5th Month In Row

Posted:

-- Adds Background, Inflation Expectations From 22nd Paragraph -- Japan May Consumer Confidence Index 42.8 Vs Apr 42.0 -- Japan May Index Hits Highest Level In 31 Months -- Japan Consumer Confidence Posts 13th Y/Y Rise In Row -- Japan Govt Keeps View: Consumer Conf Continues Picking Up TOKYO (MNI) ...

Analysis: Germany’s Inflation Accelerated In May As Expected

Posted:

Final HICP May: +0.1% m/m, +1.2% y/y (unrevised) April: -0.1% m/m, +1.0% y/y Final CPI May: +0.1% m/m, +1.2% y/y (unrevised) April: -0.1% m/m, +1.0% y/y --- FRANKFURT (MNI) - The preliminary estimates of German consumer price inflation were confirmed for May, as higher ...

Japan May Consumer Confidence Index Up 5th Month In Row

Posted:

-- Japan May Consumer Confidence Index 42.8 Vs Apr 42.0 -- Japan May Index Hits Highest Level In 31 Months -- Japan Consumer Confidence Posts 13th Y/Y Rise In Row -- Japan Govt Keeps View: Consumer Conf Continues Picking Up TOKYO (MNI) - Japan's Consumer Confidence Survey index posted ...

Repeat: Japan Q1 GDP Unrevised +1.2% Q/Q, Annualized +5.0%

Posted:

-- Repeating Story Published at 2136 ET Wednesday TOKYO (MNI) - Japan's economy expanded a solid 1.2% in real terms in January-March from the previous quarter, unrevised from the initial reading released last month and posting the fourth straight quarter of growth, the Cabinet Office said ...

South Korean pension fund buys Australian treasury bonds

Posted:

Interesting to see this article over Reuters which reports that the world's 5th largest pension fund is buying Australian treasuries in order to benefit from the strong fundamentals and reduce it's exposure to US Treasuries.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)