Aug 24, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

I know you lot like bank recommendations, so here’s two for the price of one

Posted:

Yes it's good old Cititechs; Gone short EUR/USD at 1.2656 targetting a move towards 1.2150-1.2225 with stop loss at 1.2745 and Gone long USD/CAD at 1.0525 target 1.0800, stop 1.0440 The first reader to disparage bank recommendations gets banned for life.  Don't all rush at once.

Update: UK BBA: Mortgage Approvals Decline In July

Posted:

--Adds Detail To Version Transmitted At 0830 GMT --UK BBA: Jul sa Mortgage Approvals 33,698 vs 34,575 Jun --UK BBA: Jul sa Remortgage Approvals 22,790 vs 21,365 Jun --UK BBA: Jul Value of Loans for House Purchase stg4.975 bln --UK ...

UK BBA: Mortgage Approvals Decline In July, Demand Subdued

Posted:

--UK BBA: Jul sa Mortgage Approvals 33,698 vs 34,575 Jun --UK BBA: Jul sa Remortgage Approvals 22,790 vs 21,365 Jun --UK BBA: Jul Value of Loans for House Purchase stg4.975 bln --UK BBA Director: Mortgage Demand "Continues to be ...

UK July s.a mortgage approvals 33,698

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Down from 34,575 in June. Further evidence of slowdown in UK housing market.

Sorry make that two Asian sovereigns buying USD/JPY

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You're not going to believe this; talk BOJ going round checking market conditions, order books and banks' views on where USD/JPY is going. Same as it ever was. Sometimes I just have to laugh out loud.

Asian sovereign buys USD/JPY

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We're at 84.35 from session low 84.17.

Not really sure it’s worth mentioning, but……

Posted:

Barrier option interest down at 84.00. We're presently at 84.20. Oh and at 106.00 in EUR/JPY.  Bugger missed a "pop goes the weasel" back up at 107.00 Drat.

Update: MPC Weale: Comfortable With Policy Stance – Times

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--Adds Quotes, Detail From Full Interview Transcript --Weale: "Comfortable" with Current Monetary Policy Stance --Arguments in Favour Of Easing, Tightening "Finely Balanced" LONDON - Britain faces a "significant" risk of a double-dip recession, according to Martin Weale, the newest member of the Bank of ...

Noda: Recent currency moves clearly one-sided

Posted:

Excessive, disorderly currency moves could harm economy, financial system Watching fx moves very carefully with great interest Yada yada yada. USD/JPY hits session low 84.48 before recovering to 84.60 at writing. Need to communicate closely with BOJ, act appropriately, flexibly No comment on currency intervention Pairing hit by another wave of selling, presently at 84.40. ...

Australia cross-bench MPs say expect talks with major parties to run into late next week

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Do not want to rush process of forming minority government

Noda’s press conference put back till 08:00 GMT

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Germany’s Econ Min: Upswing Broad-Based, Soon Self-Sustaining

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FRANKFURT (MNI) - Germany's economic recovery became broad-based in the second quarter and should continue even as stimulus programs expire, Economics Minister Rainer Bruederle said Tuesday. "The recovery has reached the German economy in full breadth," Bruederle said following the ...

Japan FinMin Noda to brief press at 07:40 GMT

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USD/JPY has been as low as 84.64 so far, presently at 84.72.

BIS seen buying EUR/USD

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Around session low 1.2615.  We're presently at 1.2622.

AUD/USD lower; notable buyer at current levels though

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AUD/USD down at .8858 from early .8875.  Just getting reports Russia buying at current levels. Maybe they're building up a huge GBP/AUD possie :)

Cable having a bit of a struggle

Posted:

Stops have been tripped through 1.5400 and we've been as low as 1.5387 so far.  Presently at 1.5394. Russia has been notable seller of cable this morning. Them and alot of others, as realisation dawns that the UK could be in for a rough old time going forward.  Go figure. Some supports ...

Greece to start monthly t-bill auctions from Sept for better cash management – Debt agency official

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In line with EU/IMF updated memorandum

BOE MPC’s Weale: UK Faces Sig Risk Of Double-Dip – The Times

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--"comfortable" with current rates LONDON - Britain faces a "significant" risk of a double-dip recession, according to Dr Martin Weale, the ...

EUR/JPY lower; talk of barrier option interest/stops

Posted:

EUR/JPY down at 107.37 from North American close Monday up around 108.00. Talk of decent-sized barrier option interest at 107.00. Stops seen below there.

EUR/CHF mutterings

Posted:

Mutterings (no more than that) of SNB/BIS interest down at 1.3155 in EUR/CHF. We're presently at 1.3170.

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