Jul 21, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Bet you though I’d forgotten. BOE minutes!!!! zzzzzzzzzzzzzzzzzzzzz

Posted:

MPC voted 7-1 in July meeting to keep rates at 0.5%, Sentance voted for 25 bps Voted 8-0 to keep QE at 200 bln Considered arguements in favour of both "modest easing" and "modest tightening" of policy stance Growth likely to weaker than previously expected but inflation higher for a while at least Prospects ...

BOE Agents: “Upward Creep” In Wage Settlements Continuing

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...

This is turning out worse than yesterday morning

Posted:

Chop, chop, choppy. EUR/USD has extended slide to 1.2846 at writing.  Earlier heard talk of buy orders 1.2830/50. Will they be enough to soak up the renewed selling pressure. Hell if I know.  (that's my best impression of someone.  Half a forexlive tshirt to first person to guess who) Stops noted ...

Cable all over the shop; Middle Eastern central bank sells into strength

Posted:

Cable continues to see erratic price action.  We've been as high as 1.5334 in recent trade. Talk Middle Eastern central bank sold above 1.5320.

Talk BIS sold EUR/USD

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Above 1.2900. We're presently at 1.2895. Also talk U.S. bank sold decent amounts at 1.2900/10, apparently on behalf of real money. Speculation BIS could be acting on behalf of SNB.

Well that was fun, or possibly not…..

Posted:

Cable's recent movement has certainly got the market talking.  Talk Im hearing is that it was a Dutch bank responsible.  Talk of algo box throwing a wobbly. Talk 1.5200 being struck instead of 1.5300.  I have no idea about algo's. We're back at 1.5310 as though nothing ever happened.

Germany FinMin: Seek Accord With France On Stronger Stab Pact

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PARIS (MNI) - The EU's fiscal Stability Pact must be reinforced and eventually modified to ensure greater budget responsibility within the Eurozone, German Finance Minister Wolfgang Schaeuble said in an interview published Wednesday. Ahead of today's Franco-German financial summit here, ...

I don’t like to blow my own trumpet, but……

Posted:

Where did ForexLive indicate cable sell orders clustered. Yes 1.5320. Where did it top out? Talk Dutch name came in and clobbered cable.  Must have been my old mate Johann. We're presently back at 1.5260. Have a nice day y'all.

BOJ Dep Gov Nishmura: Recent yen gains reflect concerns about Europe, U.S economic outlook

Posted:

I'm confused now. Does the BOJ have more than one deputy governor? Ill have to investigate later. Expect euro worries to recede Expect U.S. economy to stabilise after adjustment phase Yen gains could be drag on Japan economy

Update: Japan Repeats Econ Picking Up But Cautious On Outlook

Posted:

-- Cabinet Office: Self-Sustained Recovery Not Yet In Place -- Adds Export Details In Paragraphs 15-16 TOKYO (MNI) - The Japanese government on Wednesday repeated its overall assessment of the economy, saying it has been "picking up steadily," but remained cautious about how soon the economy could ...

Double dip in the Baltic

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Latest from our mate AEP at The Telegraph.

Congratulations and jubilations!!!

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We've over 500 Facebook friends.  I just can't contain my joy. To have sooo many friends is fulfillment indeed.

USD/JPY steady in early European trade

Posted:

Sits at 87.10, where it was when I turned up about two hours ago. Two hours!!, how time flies when you're enjoying yourself.  No wonder it feels like I've been here 6 hours...... Anyways, doesn't sound like we should expect to see official intervention in USD/JPY anytime soon. Talk of  trailing stops ...

BOJ dep gov Yamaguchi: Watching forex moves carefully

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Won't decide policy with fx level in mind Yen rise affects exports Sees recent fx moves as yen strengthening No comment on mkt speculation of forex intervention Forex policy is under jurisdiction of government Understand Japanese firms are sensitive about fx moves Need more time to guage yen rise impact on corporate mood Yen rise impact on ...

Japan Govt Repeats Economy Picking Up But Cautious On Outlook

Posted:

-- Cabinet Office: Self-Sustained Recovery Not Yet In Place TOKYO (MNI) - The Japanese government on Wednesday repeated its overall assessment of the economy, saying it has been "picking up steadily," but remained cautious about how soon the economy could return to a self-sustained growth track. ...

Japan government keeps economic assessment unchanged in July report

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Economy picking up, laying foundation for self-sustaining recovery There is a possibility Japan's economy may enter a lull Beating deflation a top priority, to continue working with BOJ Caution needed on risk of possible slowdown in overseas economies, market fluctuations

Swiss National Bank expects half-yearly loss of around 4 bln francs

Posted:

SNB increased its foreign currency investments by some 132 bln francs in first half of 2010 Sharp appreciation of franc, in particular against the euro, resulted in exchange rate losses of over 14 bln francs (and you think you have bad days!!!)

Wish I was a “well-informed Russian”

Posted:

Guess it's time to change my name to Ivan or maybe Boris.  Cable trading marginally firmer, up at 1.5286 from North American close Tuesday around 1.5265.  Yesterday was hearing talk of 1.5320 and 1.5350 sell orders. No reason to suppose they won't still be in situ. Market will be eager to ...

EUR/USD steady at lower levels

Posted:

EUR/USD sits at 1.2885, effectively where it closed out Tuesday in North America Tuesday, with Asian trade seeing price action in the pairing confined to narrow 1.2876-1.2907 range. No major euro zone economic data release scheduled for today. European stocks set to open appreciably firmer. Talk of buy orders down at 1.2830/50, including ...

China to let renminbi fall if exports drop

Posted:

They ain't silly.
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