Aug 4, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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UK July CIPS/Markit Services PMI Lowest Since June 2009

Posted:

--UK July CIPS Services PMI 53.1 Vs June 54.4 - Reuters --UK July CIPS Services Much Weaker Than Median 54.5 Forecast --CIPS/Markit: Public Sector Spending Cuts Hitting New Business ...

EUR/USD tryng to steady

Posted:

Back up at 1.3195 from session low 1.3184.  Stops safe for now. Talk another Swiss commercial bank (different from earlier one) decent buyer around the lows.

EUR/USD extends sell-off

Posted:

Down to 1.3187.  Major French bank seen notable seller in recent trade.  Talk of stops in 1.3175/80 area,  before buy orders noted at 1.3150/60.  Talk these include interest from an Asian sovereign. Could well be Bank of Korea.

UK July services PMI index falls to 53.1 from previous 54.4

Posted:

Weaker than median forecast of 54.5 and lowest read since June 2009.  Cable slips back to session low 1.5906. Talk of stops through 1.5880.

Japan FinMin Noda: Excessive, disorderly fx moves undesireable for economic stability – JIJI

Posted:

FX market moves somewhat one-sided No comment on fx intervention Long-term rate fall is sign that private fund demand is weak

EUR/GBP smidgeon easier

Posted:

Cross down at .8275 from early .8290.  Talk Spanish bank recent seller of the cross. Said to be related to their acquisition of UK banking interests. Talk of stops through .8250.

Eurozone July final services PMI revised down

Posted:

To 55.8 from flash 56.0. EUR/USD slips slightly. Presently at 1.3193.  Recent reports have had stops gathered down in 1.3175/80 area.

And now BIS seen on bid in EUR/USD

Posted:

Hopefully something will give before long.

EUR/USD: Seems to be a bit of a Swiss flavour to proceedings

Posted:

Selling by BIS has helped pressure EUR/USD this morning. Now getting reports a major Swiss commerical bank has been notable buyer around the lows.  We've been down to session low 1.3203 so far, presently at 1.3207. Anyone still awake?

You just can’t ever get enough aussie info

Posted:

Yer right. Talk Asian sovereign has been seller in recent trade.  We're at .9135.  Also talk of further barrier option interest at .9180.  I guess that explains the decent offers said to be lying up at .9160/80.

BOE Allots Usd 13 Mln in 7-Day Repo

Posted:

LONDON (MNI) - The Bank of England allotted Usd 13 million in 7-day money Tuessday at a rate 1.13%. 7-day Repo Val 11/12//09 Amount on Offer: USD unlimited Total Bids recieved: ...

AUD/USD stuff……

Posted:

Talk of .9150 barrier option interest. Stops just above there, but also getting reports decent-sized sell orders 9160/80.  We sit at .9130.  Could be in for some fun and games if we get above .9150.

Cable ticking higher

Posted:

Cable back up to where it closed out Tuesday in North America, namely 1.5950.  Technical resistance 1.5968, stops seen though 1.5970.  Barrier option interest 1.6000. Oh and I nearly forgot; decent-sized sell orders just ahead of 1.6000. Summertime and the living is easy, fish are jumpin and the cotton is high.............................

BIS seen selling EUR/USD this morning

Posted:

Presently at 1.3220.  Trading very slow so far. Guess they'll be speculation they're maybe selling for the Swiss National Bank.

Update 2: Halifax: UK House Prices See Surprise Rise In July

Posted:

--Adds Detail To Version Transmitted At 0626 GMT Wednesday --House Prices Up 0.6% m/m In July; Up 4.9% 3m y/y ...

Update: Halifax: UK House Prices See Surprise Rise In July

Posted:

--Adds Detail To Version Transmitted At 0614 GMT Wednesday --House Prices Up 0.6% m/m In July; Up 4.9% 3m y/y ...

Halifax: UK House Prices See Surprise Rise In July

Posted:

--House Prices Up 0.6% m/m In July; Up 4.9% 3m y/y ...

UK Halifax July house price index +0.6% m/m

Posted:

Better than median forecast of -0.3%.  +4.9% in 3 months to July vs year earlier, better than median forecast of +4.6%. Halifax seeing mixed pattern consistent with slowing market. Sees 2010 prices broadly unchanged. Cable so far failing to ellicit any notable lift from the data, steady around 1.5920.

Italy’s Tremonti: 2010 GDP growth seen confirmed at +1.1% – Newspaper

Posted:

No need for further budgetary adjustments in Autumn

USD/JPY lower again

Posted:

USD/JPY down at 85.40 from North American close Tuesday up around 85.85.  Worries surrounding US economy, lower US yields, speculation Fed could soon move to implement further QE continue to weigh on pairing.  Pick up in general risk aversion overnight has also not helped matters. Talk of 85.00 barrier option interest. Anticipation they'll be ...
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