Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Jul 29, 2010

Your forexlive.com ENewsletter

TABLE: BOE Mortgage, M4 Ex-IOFCS Data For June
DJ: Moody’s Analyst US Review Seen If Debt Forecast Realised
UK June mortgage approvals 47,643
UK Data: BOE: Mortgage Approvals, Credit Fall In June
Greek Government Invokes Emergency Powers To End Truck Strike
Moody’s analyst: If US budget debt projections realized, would need to review rating
Germany’s SA Unemployment Falls Less Than Expected in July
BIS seen buying EUR/USD
French Finmin: Pension Reform Will Boost Growth As Of 2011
AUD/USD lifts off!!!
I always find this stuff very interesting
Could get lively. Battle joined at 1.3050 barrier
EUR/GBP steady; buy orders, stops noted
Battle of the sovereigns
USD/JPY trying to steady after recent run lower
Talk of sizeable month-end aussie demand
Russia seen selling EUR/USD in recent trade
Germany SA June ILO Employment Rises for Fifth Month in a Row
Europe’s 30 trillion funding headache
UK Nationwide: House Prices See First Monthly Fall Since Feb

TABLE: BOE Mortgage, M4 Ex-IOFCS Data For June

Posted:

London (MNI) - The following table shows key results of the BOE's June personal lending and broad money data, including M4 excluding intermediate other financial corporations. Approvals for Net Mortgage M4 ...

DJ: Moody’s Analyst US Review Seen If Debt Forecast Realised

Posted:

LONDON (MNI) - The credit rating of the US would need to be reviewed if the current projections for its debt are realised, an analyst Moody's Ratings has told Dow Jones. ...

UK June mortgage approvals 47,643

Posted:

Down from 49,461 in May and some way below median forecast of +49,000. Further evidence that UK housing market is looking somewhat vulnerable. EUR/GBP up at .8365 from early .8330. As Iman mentioned earlier, month end is upon us and they'll be usual anticipation of the European central bank buying interest in the ...

UK Data: BOE: Mortgage Approvals, Credit Fall In June

Posted:

--BOE: Jun M4 ex-intermediate OFCS +0.2% m/m; 1.2% y/y --BOE: UK Jun house purchase approvals 47,643 vs 49,461 May --UK Jun net Consumer Credit -98mln vs 287mln May --UK Jun net Mortgage Lending stg665mln vs stg838mln May ...

Greek Government Invokes Emergency Powers To End Truck Strike

Posted:

ATHENS (MNI) - In a very rare move, the Greek government Wednesday invoked a national emergency provision to force striking fuel-tanker drivers go back to work. The government announced it would issue the civil mobilization order, normally used in times ...

Moody’s analyst: If US budget debt projections realized, would need to review rating

Posted:

Dow Jones reporting Moody's analyst opining that US government needs to articulate credible fiscal conslidation plan. Spectre of a US ratings downgrade. Golly gosh. EUR/USD blows out 1.3050 barrier, presently at 1.3065.

Germany’s SA Unemployment Falls Less Than Expected in July

Posted:

SA Unemployment: -20k (pan), -14k (west), -6k (east) MNI survey median: -23,000 m/m MNI survey range: -40,000 to -10,000 m/m -- FRANKFURT (MNI) - The ranks of the unemployed in Germany contracted yet again in July, though by less than generally expected, as 20,000 fewer individuals than in ...

BIS seen buying EUR/USD

Posted:

In recent trade. We're presently at 1.3023. On the flip side the big German is said to have been recent seller.

French Finmin: Pension Reform Will Boost Growth As Of 2011

Posted:

--Says Reform Will Start Cutting Budget Deficit As Of 2013 LONDON (MNI) - France's plans to reform its pension system will boost growth and help cut the budget deficit, Finance Minister Christine Lagarde said today. Speaking on Bloomberg, Lagarde stressed that ...

AUD/USD lifts off!!!

Posted:

Weren't you lucky someone told you about large month end aussie demand. We're up at session high .9014. Just getting told a US investment bank (not the one doing the work of God) seen decent buyer of the pairing in this most recent rally.

I always find this stuff very interesting

Posted:

Talk has it a large Swiss player was a decent buyer of 1 week 1.3250 eur/usd calls this morning. Talk has it about a yard went through.

Could get lively. Battle joined at 1.3050 barrier

Posted:

Sources note that aforementioned Asian sovereign has continued buying EUR/USD in recent trade, taking it up to 1.3046 session high. There is talk of 1.3050 barrier option interest. There is talk our furry friend the giant panda (China) has an interest to protect this interest. Could get lively. Sizeable Asian sovereigns on ...

EUR/GBP steady; buy orders, stops noted

Posted:

EUR/GBP sits at .8343, very marginally firmer from when I got in. Talk buy orders lined up down at .8310/20, with stops just below there.

Battle of the sovereigns

Posted:

Russian sold but an Asian sovereign then stepped in and bought aggressively. The bank in question has recently been buying dollars vs it's home currency, so bit of diversification/rebalancing going on.

USD/JPY trying to steady after recent run lower

Posted:

USD/JPY up at 87.30 from recent low down at 87.11. Talk of good buying interest having surfaced from large hedge fund.

Talk of sizeable month-end aussie demand

Posted:

Hearing that there is going to be sizeable month-end demand for the aussie. AUD/USD up at .8982 from around .8965 when I got in.

Russia seen selling EUR/USD in recent trade

Posted:

We're presently at 1.3017 in slow trade.

Germany SA June ILO Employment Rises for Fifth Month in a Row

Posted:

-- Previous Results: May +52k, Apr +63k, Mar +23k, Feb +7k FRANKFURT (MNI) - Seasonally adjusted employment in Germany rose in June for the fifth consecutive month, though the pace continued to slow after peaking in April, the Federal Statistical Office reported on ...