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- EUR/GBP touch firmer, stops noted
- USD/CHF lower; notable seller
- EUR/USD recovers poise, but BIS seen selling
- Bit of M&A confusion
- Cable comes under pressure
- Market rumour helping pressure EUR/USD
- EUR/USD slips slightly in early European trade
- Barclays H1 pre tax profit £3.95 bln
- Cable touch firmer in early European trade
- USD/JPY rebound stalls
- Analysts: Japan Q2 GDP Seen Up But Slower Pace Than In Q1
- EUR/USD sees narrow range trade in Asia
- Don’t forget to post your NFP tips
- ForexLive Asian market wrap: USD/JPY falls despite verbal intervention and higher Nikkei
- Some sobering analysis for EUR and GBP bulls
- JPY crosses continue to grind lower
- Japan trade minister: Concerned about Yen rise, may need to take action
- China tightens mortgage rules again
- USD/JPY slides despite almost 2% rise in Nikkei
- Japanese retail accounts continue to buy USD/JPY
| EUR/GBP touch firmer, stops noted Posted: EUR/GBP up at .8295 from early .8275. Reports of stop loss buy orders gathering up around .8320. |
| Posted: USD/CHF down at 1.0505 from early 1.0530. Talk US custodial has been notable seller of this pairing this morning. |
| EUR/USD recovers poise, but BIS seen selling Posted: EUR/USD back up at 1.3153, helped by decent buying from large US commercial bank. However, just getting reports BIS selling in recent trade. |
| Posted: Talk Royal Dutch Shell is looking at buying Canadian oil/gas co Encana is also being given as part reason for the fairly sharp sell-off in cable this morning. I guess the confusion comes from the fact company head quartered in the Hague, Netherlands, but incorporated in the UK. Anyways, both EUR/USD and GBP/USD ... |
| Posted: Cable has come under some concerted pressure. Apparently sizeable stops were tripped on the move through 1.5860 accelerating the decline. The continued failure to penetrate the 1.5968 resistance has seemingly convinced some cable bulls to book profits. Obviously yesterdays stronger than expected US data, dampening speculation of further Fed monetary ease, has ... |
| Market rumour helping pressure EUR/USD Posted: There is talk that Royal Dutch Shell is looking at Canadian oil/gas co Encana (market cap cad 23 bln). The potential of very large EUR/CAD M&A flows is said to be helping pressure EUR/USD. EUR/CAD down at 1.3315 from early 1.3375. USD/CAD meanwhile is down at 1.0142 from early 1.0170. |
| EUR/USD slips slightly in early European trade Posted: EUR/USD has slipped slightly in relatively listless start to European trade, presently at 1.3140. Earlier was getting reports of buy orders 1.3130/40 with stops parked just below. Sell orders seen clustered up at 1.3190/00. The USD has been on a better footing, ever since the release of stronger than expected US data ... |
| Barclays H1 pre tax profit £3.95 bln Posted: Better than median forecast of £3.4 bln. Bank says first half performance establishes foundation to deliver another year of substantial profitability. |
| Cable touch firmer in early European trade Posted: Presently at 1.5900 from around 1.5885 when I arrived. Bank of England rate decsion day. MPC highly likely to vote to keep rates, QE steady at 0.5% and £200 bln respectively. Andrew Sentance will vote for a rate hike. Will anybody else join him? You never know. 1.5968 remains topside hurdle. Stops as ... |
| Posted: USD/JPY has seen its recent rebound stall somewhat. Having posted a session high 86.49 in Asia the pairing is presently down at 86.15. More verbal intervention. Japanese trade minister is concerned about yen rise and says may need to take action to address situation. Personally can't see Japanese authorities sanctioning official ... |
| Analysts: Japan Q2 GDP Seen Up But Slower Pace Than In Q1 Posted: TOKYO (MNI) - Japan's economy has likely continued expanding in the April-June period from the previous quarter for the fifth consecutive quarterly gain, thanks to the growth of exports and capital investment during the period, economists and analysts say. GDP ... |
| EUR/USD sees narrow range trade in Asia Posted: EUR/USD sits at 1.3155, effectively unchanged from where North America closed out Wednesday. Trading has been confined to a narrow 1.3146-1.3177 range as the market settles back to await the latest ECB interest rate decision. The bank is widely expected to again leave rates on hold. Cupboard almost bare when it comes ... |
| Don’t forget to post your NFP tips Posted: Click on Jamie's link and follow the instructions. You will certainly look resplendent in a magnificent ForexLive T-shirt. |
| ForexLive Asian market wrap: USD/JPY falls despite verbal intervention and higher Nikkei Posted: China tightens mortgage rules again and introduces more stringent stress tests for banks Japanese PM and Trade Minister both try their hand at some verbal intervention Latest data shows Japanese retail accounts to be long USD/JPY at close to record levels New Zealand unemployment rate jumps to 6.8% Nikkei +1% but was almost 2% ... |
| Some sobering analysis for EUR and GBP bulls Posted: I'm just reading through some analysis from a major European investment bank who conduct a very thorough examination of all factors that affect the major currencies. Their conclusion; in three months time EUR/USD will be trading towards 1.15 and GBP/USD towards 1.3500. I have no idea whether they are right or ... |
| JPY crosses continue to grind lower Posted: This is what I call a typical trading day in Asia. Overnight momentum is ignored and the market grinds slowly in one direction. Despite the verbal intervention and the higher Nikkei, this way has been down for USD/JPY and the JPY crosses. I know there's logic somewhere, I just got ... |
| Japan trade minister: Concerned about Yen rise, may need to take action Posted: More verbal intervention which has had the stupendous effect of lifting USD/JPY 3 pips. |
| China tightens mortgage rules again Posted: Banks must stop lending to 3rd-home buyers in 4 cities including Beijing and Shanghai Banks must demand 60% downpayment on 3rd homes in other cities This is coming on top of the increased stress tests mentioned earlier. |
| USD/JPY slides despite almost 2% rise in Nikkei Posted: Movements have again been quite small but it is nonetheless interesting that USD/JPY is having trouble rising despite the strong performance of the Nikkei. I guess the short-term market is long and happy to get out. I still think that anybody who sold yesterday will be happy to cover somewhere ... |
| Japanese retail accounts continue to buy USD/JPY Posted: Latest data from the Japanese retail trading market (over Reuters) shows that the market is net long to the tune of 155,000 contracts, which is almost a record. The change in leverage obviously hasn't changed the size of positions. AUD longs stand at 130,000 contracts which is only half of ... |
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