Dec 25, 2009

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Merry Christmas to all, and to all a goodnight!

Posted:

Have a great holiday season everyone! See you back here next week...

ForexLive US wrap-up: Firm data, rates revive greenback

Posted:

Weekly US jobless claims fall 28,000 to 452,000, lowest since September 2008 US durable goods orders rise 0.2%; non-defense capital goods ex-aircraft +2.9% US debt limited raised $290 bln, another hike scheduled in 2 months US yields extend rise, 10-year yield brushes 3.80% Oil and gold rally further; Oil up $0.57 to 77.25. Gold ...

Coverage schedule over the holiday weekend

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I'll probably post a bit over the weekend, but regular coverage will not resume until the US opening on Monday. Sam and Gerry will be enjoying Boxing Day... We'll be here, in one form or another, through New Years eve. Feel free to use the site to chat amongst yourselves.

Bernie takes a beating

Posted:

Convicted Ponzi-schemer Bernie Madoff got a prison beat-down, looks like...

US rates continue to move higher

Posted:

Here's a little holiday trivia: Where were US yields a month ago? 2-year notes boasted a gaudy 61 bp yield. Today? 97 bp. 10-year notes? 3.15% at Thanksgiving, 3.78%  today. No wonder the greenback is enjoying a somewhat brighter outlook these days...

Looks like he’s putting some USD/JPY on board

Posted:

Santa's sled includes some nice USD/JPY for some good girls and boys at a US custody bank. The dollar trades near session highs of 91.74. For those keen track the progress of the jolly elf, here is the official North American Air Defense site.

S&P makes new 2009 highs as Santa loads his sled

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The Santa Claus rally is underway as the S&P 500 makes a new 15 month high at the 1124 level. We're a fraction of a percent above the 50% Fibo I've been righting about for a month, so for the sake of my kids college fund and my pitiful retirement ...

US yields edging higher

Posted:

The die-hards are giving the dollar a boost, pushing EUR/USD down toward the minor support area at 1.4370. Rising US bond yields are a support for the greenback, rising to 3.77% after the big drop in jobless claims and rise in capital spending as captured by the durable goods orders.

It’s all about supply and demand now

Posted:

Markets will be very thin for the balance of the session. Market makers will be providing minimal liquidity to the market so any orders of reasonable size will have out-sized influence today. Get it done and get square is the ethos. It's not a day for punting as movement will likely ...

This voting thing is complicated

Posted:

Health care legislation has dominated the legislative calendar for the second half of 2009. It's complicated stuff. So complicated, that the Senate Majority leader voted against his own bill by mistake...

Jobless claims fall to 452k, down 28k; durables rise 0.2%

Posted:

Very strong jobless claims data though durables were a bit weaker than expected. Core durable goods, which consist of non-defense capital goods orders excluding aircraft, rose 2.9%. That's a very solid number. EUR/USD is dipping back after the data, now at 1.4390. Support comes in around 1.4370.

That didn’t take long

Posted:

Just months after taking office, calls for the Japanese prime minister's resignation have gone out after a fund-raising scandal. This really shouldn't come as a surprise as Hatoyama was a stand-in candidate for the DPJ leader after he was implicated in an earlier campaign-finance scandal. USD/JPY is near US closing levels ...

Happy Christmas!

Posted:

Well it's that time again - when you've left the things you knew you didn't want to do until you know you aren't going to get them done anyway. So while the day before Christmas clock is still ticking, I'd like to wish everyone the very best of festive fun and relaxation amongst family and ...

Schwarzenegger seeks Obama’s help as budget gap defies solution

Posted:

California Governor Schwarzenegger wants President Obama to help ease large-scale cuts to the most populus U.S. state's already diminished social programs amid a $21 billion anticipated deficit.

US Senate backs $290 bln debt-limit increase, sends to Obama to sign into law

Posted:

US Senate vote to increase US debt limit reaches needed 60 votes to pass, voting continues. EUR/USD has caught a bid, presently back up at 1.4415, just shy of session high 1.4418.

ForexLive: European Morning Wrap; USD sees further weakness

Posted:

BOJ Gov Shirakawa:  Weak demand root cause of deflation.  BOJ to maintain easy policy to beat deflation. Yen's rise one factor behind Japan economy's big dip after global crisis Shanghai share index ends up provisional 2.6%, biggest daily gain this month Greek parliament approves government's 2010 austerity budget Japan PM Hatoyama says won't ...

EUR/JPY trading firmer; 131.50 eyed

Posted:

EUR/JPY is trading firmer on the day. Having started out around 131.05 in Europe the cross has advanced to 131.45 at writing.  There is talk of barrier option interest up at 131.50. Will be interesting to see how strong the defence of said level is given this talk. Probably stops gathered not ...

Cable rally stalls as EUR/GBP moves higher

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Cable's rally has stalled out at 1.6022, just shy of aforementioned resistance at 1.6025/30, and we're presently back down at 1.6002.  Cable's fortunes aren't being helped by a move in EUR/GBP which has seen the psychological .9000 level give out. The cross is presently at 9005. Sterling's cause isn't being helped ...

EUR/USD extends rally, trips stops, sell orders noted

Posted:

EUR/USD has tripped stops through 1.4375 and been as high as 1.4399 so far. Talk of sell orders now at 1.4400 up through 1.4420.  Will be interesting to see whether these can cap this latest rally extension in what are very-much thinned out/illiquid holiday markets. EDIT: US bank has been notable ...
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