Aug 13, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Japan ruling party lawmaker group: wants Govt and BoJ to move quickly on FX

Posted:

They want 'appropriate' FX levels to be maintained. EUR/JPY pops 20 pips.

Germany Confirms To Sell E4 Bln New 12-Month Bubills Aug 23

Posted:

FRANKFURT (MNI) - Germany will sell E4 billion new 12-month bubills August 23, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, August 20. Bids are due by 0900 GMT on Monday, August 23, with results ...

Germany Seeks Bids On E2 Bln May2011 Bubill Tap; Sale Aug 16

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids for its E2 billion top up of its May-2011 maturity bubill, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, August 16. The announcement of the auction ...

Quick look at the order book

Posted:

USD/JPY: Corporate sell orders starting at 86.20; more offers between 86.60/90 but some stops also above 86.70. Intraday bids at 85.70. EUR/USD: Light stops above 1.2935; solid offers towards 1.3000. Solid bids including Sovereigns 1.2750/70. AUD/USD: Corporate offers .9070. Cable: Sovereign bids 1.5550/60 but heavy stops also reported yesterday below 1.5550.

EUR longs bail after strong German GDP fails to add momentum

Posted:

EUR/CHF and EUR/JPY are falling back again as frustrated longs give up the fight. Very strong German GDP wasn't enough to drive the EUR higher so the logic is, what can't go up must go down. EUR/JPY should find initial support around this mornings 110.05 lows.

Cable: Sovereigns show us the base yet again

Posted:

Last night we reported on the Asian Central Banks buying cable around 1.5580/90. Ok, they missed the base by 15 pips but they seem to have a happy knack of getting in at the right levels.

Spain Q2 GDP +0.2% QoQ as expected

Posted:

The EUR has not really taken advantage of the excellent GDP data out of Germany. Perhaps the logic is that Germany is expected to perform well but it is the weaker links of the EU chain which are of more concern. On the order front, light stops are reported above the ...

Interbank market positioning itself for higher JPY crosses

Posted:

The buzz in the interbank market is that the BoJ is about to get more serious about it's market intentions and the next time it goes to the market it will be with hard cash, not rate checks and verbal intervention. This is certainly possible but why then are Japanese corporates ...

French Q2 non-farm payrolls +0.2% QoQ

Posted:

This is the same as last time. Elsewhere the Shanghai stockmarket has finished the day 1.2% higher, ending the week almost 2% lower.

French Q2 GDP +0.6% QoQ, slightly better than forecast

Posted:

G'day all. Should be a fairly volatile session, let's hope so at least. Oh I see Dave knew these numbers 30 minutes ago.

France’s Lagarde….

Posted:

France must be extremely disciplined in spending

German Econ Minister on the wires…

Posted:

Q2 GDP figures support state exit from economic crisis support measures  Figures show that growth of over 2% for 2010 is possible figures support continuation of budget consolidation

French Q2 GDP +0.6% exp 0.4% per Lagarde

Posted:

QI GDP revised to + 0.2% French Consumer Spending +0.4% in Q2  Investment +1.1% To Come French Non-farm Payrolls      Prelim Q/Q  expected 0.30%  last 0.20%

German Prelim Q2 Seas Adj GDP +2.2 Q/Q – Fastest pace growth since reunification

Posted:

expected 1.3% last at 0.2% 4.1% Y/Y vs expected 2.4% Q1 was revised up to 0.5% from 0.2% Prelim Workday Adj Q2 GDP Growth  +3.7% Y/Y vs Q1 revised + 0.2% positive growth impulses in Q2 came from abroad and domestic economy investment and exports were biggest contributor, helped by private ans state consumption EUR bolstered ...

UK – John Lewis Department Store Weekly Sales up 15.5%

Posted:

Sounds promising, it's not major data I just thought I would pop it up !! It probably would average out as an indicator with the BA strikes .....you can always rely on a good strike to mess up the summer travel plans

Irish Banks Rattling Nerves Again

Posted:

Less than a month after stress tests calmed concerns about the health of European banks, new problems in the Irish banking sector are making investors nervous once again I told Sean he should have paid up before he left the country...

ForexLive Asian Session Wrap – The Heat is Off For The Moment

Posted:

There are two views required to make a market; Mizuho Bank believes we will reverse from here and is forecasting 90 towards year-end Worries about JPY intervention fuel further CHF rally - if you're going to sell Yen, you gotta but something ! NZ Retail Sales up 0.9% M/M vs exp 0.6% ...

Nikkei reverses back to +0.2% and short covering continues

Posted:

It looks like this trend for the day will continue when Europe show a face; watch for stops in EUR/USD above 1.2900 and more 1.2930 and 111.00 EUR/JPY

Who needs bank debt…buy some Johnson & Johnson and others…

Posted:

Johnson & Johnson sold $1.1 billion of bonds at the lowest interest rates on record for 10-year and 30-year securities amid surging investor demand for the highest- rated corporate debt This article from Bloomberg

Around the bourses……..

Posted:

Nikkei down 0.28% Hang Seng down 0.05% Shanghai Comp up 0.16% Kospi up 0.46% All Ords up 0.36% Currencies seeing a lunchtime flurry with AUD/JPY 77.45  USD/JPY 86.12 EUR/USD 1.2849  EUR/JPY 110.68 CABLE 1.5612 USD/CHF 1.0495
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