Jul 27, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EUR/JPY firmer; sell orders, stops noted

Posted:

EUR/JPY has been as high as 113.65 having tripped stops through 113.50. Not much of a pop so far given all the talk of decent stops around said level. Talk now has sell orders layered from 113.80 through 114.10, with more stops above there.  Talk has model funds good buyers of the ...

Talk Asian sovereign seen buying EUR/USD in recent trade

Posted:

We're at 1.2980 from 1.2973 session low.

Update: German Banks To Reveal Sovereign Debt Holding Details

Posted:

--Adds Comments By Bundesbank Vice President Franz-Christoph Zeitler PARIS/BERLIN (MNI) - German Banks that participated in the recent stress tests have bowed to criticism from European regulators and agreed to publish the full details of their European sovereign debt holdings, Germany's business daily Handelsblatt reported Tuesday. ...

EUR/USD sell-off accelerates (blimey my spelling just gets worse)

Posted:

We're down at 1.2973.  Euro bulls in retreat having run into a veritable cornucopia of sovereign selling interest. Earlier this morning heard talk of buy orders down at 1.2950/70 with stops below there. Will they be enough to hold the line. We're about to find out.

German Banks To Publish European Sovereign Debt Holdings

Posted:

--Deutsche Bank Reports Gross Peripheral Debt Holdings Of E14.8 Bln PARIS/BERLIN (MNI) - German Banks that participated in the recent stress tests have bowed to criticism from European regulators and agreed to publish the full details of their European sovereign debt holdings, Germany's business daily Handelsblatt ...

Germany Export Assn Head:German Exports To Peak In 2010:Press

Posted:

BERLIN (MNI) - The President of the German Export and Wholesale Association (BGA), Anton Boerner, does not expect the current strong export momentum to continue into next year. "The strong export growth will reach its peak this year," Boerner told ...

Oh my golly gosh!!!

Posted:

Here's the latest I'm hearing.  Not only have we got the Swiss National Bank on the offer up at 1.3020/25, but their chums at the BIS have joined them too apparently. And just to add to the roadblock, talk China is up there too!!! Not really surprising we're currently down at 1.2995.

They’re baaaaaaaaaaaack

Posted:

Talk Swiss National Bank sitting on the offer at 1.3020/25.  Also talk China sold around 1.3010/15. We're presently at 1.3005.

S.Korean fx authorities said to have bought dollars to curb won’s rise

Posted:

Thought to have bought around 300-500 mln dollars.  Some of those dollars likely destined to be turned into euros in near future.  Meanwhile EUR/USD at 1.3005, recovering from brief dip below 1.3000.

Analysis: Germany’s June Import Prices Surprise to the Upside

Posted:

June: +0.9% m/m, +9.1% y/y MNI survey median: +0.5% m/m, +8.6% y/y May: +0.6% m/m, +8.5% y/y -- FRANKFURT (MNI) - ...

Euro stoxx 50 futures turn negative, down 0.1%

Posted:

EUR/USD slips back a touch, presently at 1.3000. Slow start to European session.  Would have been better off going to Glorious Goodwood.

Cable ticks higher in early trade

Posted:

As we suspected yesterday cable's rally has turned into a grind rather than a spurt.  Cable has edged higher in early European trade, presently up at 1.5510. Talk of stops through 1.5525 yesterday and I've no reason to suspect they're not still there. Only problem is that Sean overnight mentioned sell ...

EUR/USD very steady during Asian session

Posted:

EUR/USD sits at 1.2995, effectively unchanged from where it closed out Monday in North America, trading during the Asian session confined to an uninspired 1.2980-1.3017 range.  Today Deutsche Bank  to publish full  details of its sovereign debt holdings, after earlier withholding their publication as part of the recent stress tests. Some euro ...

ForexLive Asian market wrap: FX market motionless in Asia

Posted:

Japan's corporate services prices continue to fall FT reports that Chinese banks are facing serious default risks Regional stockmarkets slightly higher China had been reportedly selling EUR/USD during the NY session close to 1.3000 and as Asia opened just below there, we did initially hope that there may be some action but we ...

Time for some Marc Faber too

Posted:

Pandu, your wish is my command. Mr. Faber definitely has some quite extreme views although I must admit that I am also an admirer of the Austrian school. This article is from Zero Hedge.

It’s quiet, time for some AEP

Posted:

The latest from Mr Evans-Pritchard at the UK Telegraph.

Around the markets: equities slightly higher

Posted:

There is no way of putting any gloss on what has been a very quiet session in the FX markets. Most of the major pairings are oscillating inside tight 25 pip ranges. The Nikkei is +0.15% and HK, Sydney and Seoul are all around 0.35% higher. Gold is steady close to ...

EUR/USD: No sign of China so far

Posted:

China was seen selling above 1.3000 last night but no sign of them so far today. Stops are seen close by, above 1.3030, and I'm sure that by the European open at the latest, these stops will be triggered.

Quick look at the order books

Posted:

USD/CAD: Sovereign bids seen below 1.0250 EUR/JPY: Large stops seen above 113.50 and 114.00 EUR/USD: China seen selling close to overnight highs around 1.3000; stops building above 1.3030; very solid offers reported between 1.3110/40 including real money funds. Cable: Heavy offers reported between 1.5520/70.

Chinese banks facing serious default risks

Posted:

This lead story in the FT online might undermine the AUD somewhat as the session progresses. The article contends that Chinese banks are facing default risks on 1/5th of the CNY7.7 billion loans that they have made to local governments.
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