Jan 3, 2011

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Germany’s Labor Min: Wages To Rise Markedly This Year – Press

Posted:

BERLIN (MNI) - German wages will rise significantly this year, as there are already bottlenecks in the labor market, Labor Minister Ursula von der Leyen predicted in a newspaper interview published Monday. "I'm firmly convinced that the wage level will ...

EMU DATA: Dec Manufacturing PMI for the EMU region…

Posted:

EMU DATA: Dec Manufacturing PMI for the EMU region comes in at 57.1 after the flash reading of 56.8 - Reuters

GERMANY DATA: Dec Manufacturing PMI comes in at 60.7.

Posted:

GERMANY DATA: Dec Manufacturing PMI comes in at 60.7 vs the flash reading of 60.9 - Reuters

FRANCE DATA: Dec Manufacturing PMI comes in at 57.2..

Posted:

FRANCE DATA: Dec Manufacturing PMI comes in at 57.2 after the preliminary reading of 56.3 - Reuters

ITALY DATA: Final Manufacturing PMI comes in at 54.7.

Posted:

ITALY DATA: Final Manufacturing PMI comes in at 54.7 vs MNI median of 52.5 and vs 52.0 in Nov - Reuters

Europe mainly closed today

Posted:

As far as I'm aware, most of the big European financial centres are closed today so there will probably be little or no activity during the session.

AUD/USD: Solid bids reported 1.0175/80

Posted:

The low earlier was 1.0181 and I'm hearing that there was some solid buying interest just below that level.

EUR/USD: Trailing stops the driver today

Posted:

Afternoon all. It seems that trailing stop-losses are to blame for today's sell-off in the EUR/USD, with the pair losing 100 pips compared with it's NY close on Friday. The pair went up in very thin conditions and now has fallen in similarly thin conditions, which is a sort of ...

USD/JPY, USD/CHF remain heavy

Posted:

USD/CHF has led the way lower in recent times and now it has dragged USD/JPY onto a similar bearish trend. The big support for the latter is around 79.80/80.00 and it's very probable that we get a test of this level in the next few days. I have no idea ...

Who is that masked man (or woman) going by the name of Jan

Posted:

My straw poll to gauge EUR/USD sentiment at the end of November showed that our cross-section of the market was bearish and expected the EUR/USD to finish the year at 1.3100. It did in fact close the year out at 1.3380 which is exactly where Jan told us it would finish. I ...

China, Japan, Australia closed today

Posted:

We will probably have very little action at all today with most of the major centres closed and with Europe also closed. If nothing happens in the first few hours then I would expect a very quiet day.

China’s November PMI fell to 53.9 from 55.2

Posted:

No big surprise in these numbers released over the weekend, Bloomberg reports.

ForexLive Asian market open: Welcome to 2011

Posted:

Friday night saw some fixing flows drive the USD lower in very thin holiday markets and even though many markets are closed today, we should start to see a return to some semblance of normal liquidity by tomorrow at least. EUR/USD is currently trading at 1.3340 in early interbank fare, USD/JPY ...

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