Jan 18, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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EUR/GBP trips stops

Posted:

EUR/GBP has duly tripped stops through .8800, presently at 8793. Technical supports now .8785/90 and then .8735/40.

Cable extends rally, runs into sell orders

Posted:

Cable extended its rally, duly running into aforementioned sell orders up at 1.6345/65. We went as high as 1.6355, presently back slightly at 1.6343. Slightly conflicting talk of where stops placed.  Either through 1.6365 or 1.6370.

IMF Europe Chief: Says fiscal monetary stimulative policies should continue as economic recovery fragile

Posted:

Yes they should, and yes it is.

Something has to stop the Orient express and its cargo of trade imbalances

Posted:

Either Chinese policy is going to change or we are heading for a major bust-up, says Roger Bootle.

Cable edges higher in early trade; sell orders noted

Posted:

Cable has edged higher in early European trade, presently at 1.6330 from around 1.6305. Technical resistance next at 1.6345/50.  Talk of sell orders up at 1.6345/65. One thing underpinning sterling will be the possibility of lumpy positive M&A flows. Obviously we have Kraft, possibly Hershey, interest in Cadbury, while France's GDF Suez is sniffing ...

USD/JPY is a right old steady eddie

Posted:

USD/JPY sits at 90.92, all but unchanged on the day. That inturn is little changed from the 90.75 seen at the end of last week in North America. Talk buys orders lined up at 90.50/60, apparently including Kampo interest.  On topside Japanese exporters seen at 91.20 up through 91.50.

Well we didn’t have to wait long

Posted:

Talk BIS sold EUR/USD up at 1.4390/95. We're presently at 1.4376.

Hearing…..

Posted:

UBS has a sell recommendation on EUR/GBP. Initial target .8600.  Stop .8930. They expect MPC will pause QE next month, helping lend sterling support. EUR/GBP presently sits at .8815.

Cadbury “could soon be worth £10 a share”, says chief executive Todd Stitzer

Posted:

Cadbury pump up the pressure on Kraft.

ECB prepares legal ground for euro rupture as Greek crisis escalates

Posted:

Just incase you missed Sean posting it overnight. Latest from AEP.

EUR/USD ticks higher; sell orders, stops noted

Posted:

EUR/USD marginally firmer in early European trade, presently at 1.4390. As aforementioned, talk of sell orders up at 1.4400. Hearing stops through 1.4420. There was talk of BIS selling up at 1.4385/90 last week, so market will be on the look-out for renewed interest on any move up through 1.4400.

Slow start to week for EUR/USD

Posted:

EUR/USD sits at 1.4375, all but unchanged from where North America closed out last Friday, with Asian trade being restricted to a fairly uninspired 1.4336-1.4388 range. General risk appetite has been a little fragile of late with worries over Greece, Dubai, possible slowing in China never far from the surface. Not much ...

Asian forex market wrap; GBP the star performer

Posted:

A quiet trading day in Asia, encouraged by the public holiday in the US, has seen the pound strengthen against all the other majors. Latest measures of Australian inflation show a continued rise, increasing the chances of a rate rise early next month UK January house prices +0.4% and search activity on ...

AUD/USD and EUR/USD back to NY closing levels

Posted:

If I had a quid for every time I've said that after an Asian trading session. Much ado about nothing and then back to NY closing levels. Support is now confirmed at .9170 in the Oz so we can expect lots of stops below there next time. The major levels ...

Sterling making gains across the board

Posted:

The pound is up against all the other major currencies today and sentiment is starting to turn significantly in it's favour. Dip buyers emerged earlier today in the GBP/JPY and EUR/GBP has also broken through some significant support levels, all of which generates strong support for the pound. The Rightmove ...

IMF chief warns that double-dip recession still possible

Posted:

Dominique Strauss-Kahn is in Tokyo this week and he is being quoted on the newswires as saying that a worldwide double-dip recession is still possible if countries exit their easy monetary policies too soon.

US holiday tonight should ensure quiet markets

Posted:

Thanks to Tajul for the reminder; the US has a public holiday on Monday. Financial markets will be closed for Martin Luther King day.

EUR/GBP orders: watch for big bids at .8720ish

Posted:

Further to the technical picture I outlined below, I am hearing from the interbank market of strong buying interest in the EUR/GBP cross, roughly around the .8720 level. Just another piece of information to store away for future reference, although the way the EUR looks at the moment the future might be ...

EUR/GBP technicals: prefer shorts for move to .8450

Posted:

After a period of consolidation, this market has now broken lower with a daily close below it's 200-day MA at .8843 and a break below the previous low at .8829. Further losses are likely but the market is getting quite oversold (already over 100 pips below it's 15-day MA) so ...

Solid bids at .9170 in AUD/USD

Posted:

Dealers had a go at tripping suspected stops below .9170 in the AUD/USD but they only got as far as .9172 before being frightened off by some very solid bids at .9170 and just above. The market is now bouncing as the shorts try to cover. Not sure just yet ...

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