Jun 25, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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EUR/USD lower; notable seller in recent trade

Posted:

EUR/USD has fallen below 1.2300, presently at 1.2275, with reports a large hedge fund was a notable seller in recent trade. Talk of stops below 1.2250 earlier. EUR/USD iss being weighed down by strong selling of the EUR/CHF cross which is presently down at session low 1.3510.

Cable sell-off accelerating

Posted:

Cable is coming under increasing pressure amidst strong selling interest from hedge funds this morning.  Stops were tripped though 1.4900 and we've been as low as 1.4885 so far.

Greek 5-year cds hits record high at 1131 bps vs 1127 bps at New York close Friday

Posted:

Plus ca change, plus c'est la meme chose. EUR/USD slips back, presently at 1.2315.

Germany Seeks Bids On E4 Bln New 12-Month Bubills;Sale Jun 28

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids on E4 billion of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, June 28. The announcement of the auction results will be made ...

France’s Lagarde: Don’t Have Luxury Of Time In Pension Reform

Posted:

PARIS (MNI) - France does not have the luxury of time in reforming its pension system because the country's fiscal situation requires quick action, Finance Minister Christine Lagarde said in a radio interview Friday morning. "We have the imperative of ...

ECB: E59.549 Bln Covered Bond Purchases Settled Jun 24

Posted:

FRANKFURT (MNI) - The European Central Bank said Friday that a total of E59.549 billion Eurosystem covered bond purchases had settled as of June 24. As of June 23, settled acquisitions had totaled E59.398 billion, the ECB said Thursday. The ...

Cable giving ground

Posted:

Cable down at 1.4920 from around 1.4955 when I arrived 3 hours ago.  European stocks having opened marginally firmer have fallen into negative territory and this will not be helping cable's cause.  Talk of stops through 1.4900 and more through 1.4880, the ones' at latter level said to be of bigger ...

ACB sells AUD/USD

Posted:

Asian sovereign reported to have sold AUD/USD up around .8640.  Presently at .8632.

Germany: Saxony June CPI +0.1% M/M, CPI ex-energy +0.2% M/M

Posted:

Saxony CPI June: +0.1% m/m, +1.0% y/y May: +0.1% m/m, +1.1% y/y --- BERLIN (MNI)- Consumer prices ...

USD/JPY ticks little higher; buy orders noted

Posted:

USD/JPY at 89.65, marginally firmer from early 89.45.  Getting reports of decent buy orders below the market,  lined up down at 89.20/25. UPDATE:  Sell orders 89.70/80 stops through 89.90

French Q1 GDP confirmed at +0.1% q/q

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Q4 2009 revised up marginally, to +0.6% q/q from previous +0.5%.

French EconMin: Has no reason to think that France’s AAA credit rating is at risk

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EUR/USD comatose at 1.2330.

German May import prices +0.6% m/m, +8.5% y/y

Posted:

Firmer than median forecasts of +0.2%, +8.1% respectively. Euro zone data out later: 06:45 GMT: French Q1 GDP (final) expected +0.1% q/q, +1.2% y/y 08:00 GMT: Italian hourly wages for May EUR/USD sits at 1.2325, pretty much where it closed out Thursday in North America with Asian trade confined to uninspired narrow 1.2299-1.2339 range.

Analysis: Germany’s Import Prices Continued Rising in May

Posted:

May: +0.6% m/m, +8.5% y/y MNI survey median: -0.6% m/m, +7.4% y/y MNI survey range: -0.9% m/m to +0.5% m/m April: +2.0% m/m, +7.9% y/y -- ...

Just noticed…..

Posted:

On Dow Jones, UBS analyst recommending short AUD/JPY possie at 77.30, stop 79.15, target 72.00. Analyst says weakening stocks, new regulations for banks, German elections, European bank stress tests, month end changes to portfolios/indices adding to negative tone. We sit presently at 77.16.

Germany Data: MNI Survey Of Econ Data Forecasts, June 25

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Wishing everybody a pleasant weekend

Posted:

Thanks for your patience and input this week. My AUD short positions against the EUR and the JPY are looking quite good at the moment so I can head into the weekend on a cheerful note. Until bright and early on Monday morning to see if the G20 meeting will change ...

ForexLive Asian market wrap: usual mild risk aversion pre-G20

Posted:

Japanese CPI -1.2% YoY Taiwan raises discount rate by 0.125% USD/CNY official mid-rate below 6.7900 after 6.8000 yesterday US financial regulatory reform bills become more defined Stockmarkets fall by over 1%, Gold and oil steady. Another quiet session with fairly tight ranges although there has been some risk aversion most noticeable in the selling of ...

AUD/USD breaks below .8640

Posted:

This level had been stubbornly supporting for quite a few hours but the break below should now bring the focus onto important chart points on the daily chart; former resistance at .8550 and the always relevant 20-day MA at .8515 today.

Taiwan unexpectedly raises rates, signalling economic confidence

Posted:

The Taiwanese Central Bank has confounded the experts by raising its discount rate by 0.125%, signalling confidence in regional and global growth possibilities.

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