Jan 20, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Germany’s Merkel: The crisis is not over

Posted:

Credit supply to small and mid-sized firms one of the most important issues in Germany this year.

BIS active again in EUR/USD

Posted:

BIS has been selling EUR/USD this morning. Sounds like up around 1.4200. We're presently down at 1.4185.

Cable having opened lower, falls further in early European trade

Posted:

Cable is down at 1.6275 having closed out Tuesday in North America up around 1.6370. Sean mentioned talk in Asia of stops placed just below 1.6270. Support below there comes at 1.6250. 09:30 GMT we have Bank of England minutes. Expected to show MPC voted unanimously to leave rates/QE unchanged at least ...

EUR/JPY extends sell-off

Posted:

EUR/JPY having opened demonstrably lower, has continued its tumble in early European trade. It's presently down at 129.10 having closed out Tuesday in North America up around 130.20. Talk of buy orders now just ahead of 129.00. Trendline support 128.80. Probably stops just below there.

MOF’s Ogushi: Not mulling extra budget for next fiscal year at present

Posted:

No plan to take policy steps recklessly and pour out government debt Fiscal prudence is most important challenge Wants BOJ to act appropriately to beat deflation, but operations up to BOJ Japan forex stance in line with G7 statement, no change under new finance minister Nothing like a bit of fiscal prudence. Comments helping ...

No respite for EUR/USD in early European trade; sovereign interest, buy/sell/stop orders noted

Posted:

EUR/USD sits at 1.4195. Talk of "sovereign" buying under 1.4200 has lent some tenuous support. Buy orders noted down at 1.4150/60 with stops gathered just below 1.4150. On topside, sell orders noted up at 1.4230/50. Probably stops not far north of 1.4250, but no confirmation of that as yet. Talk of 1.4150 barrier option ...

Risk of economy suffering double-dip has not gone yet -Japanese FinMin Kan

Posted:

Will continue efforts to beat deflation Hard to raise government economic view unless employment conditions recover

China CPI growth has accelerated significantly in December – Govt economist

Posted:

China CPI forecast to rise 3.0% in 2010, PBOC might raise rates mid-year

Japan Govt says Japan economy picking up, keeps assessment unchanged in January report

Posted:

Keeps assessment on capex unchanged Will work with BOJ to beat deflation, ensure economic recovery

Speakers of note this morning

Posted:

07;45 GMT: ECB's Nowotny due to speak in Vienna on "Central and Eastern Europe; Policy making in a new environment." 08:00 GMT: German Chancellor Merkel due to deliver speech at budget debate in German parliament 08;15 GMT: ECB's Stark to deliver speech at University of Leipzig 10:00 GMT: BUBA board member Fabritius due ...

EUR/USD experiences sharp sell-off in Asia

Posted:

EUR/USD has seen a sharp sell off in Asia, presently down at 1.4190 from  a North American close Tuesday up around 1.4300. Reports Chinese authorities have instructed some banks to limit lending have ratcheted up fears China is in the process of reining things in, which could well result in lower growth ...

Majors break lower again as Europe sells EUR/USD

Posted:

The latest low has been 1.4168 and this trend is becoming entrenched. I think that EUR/USD will now struggle to get back above 1.4250/75. Cable has also triggered the first wave of stops below 1.6290.

Real money bids in cable at 1.6300

Posted:

Now we know why the cable is holding up and why there are stops below 1.6290 and 1.6270. I'm hearing of some solid real money bids at 1.6300 and just below.

Asian forex market wrap: wild gapping moves see EUR/USD break lower

Posted:

A lack of liquidity on a break below 1.4250 saw the EUR/USD gap sharply lower in a matter of seconds New lows below 1.4200 were seen before stability returned President Obama's Health Reform Bill is in doubt after the Republicans win Teddy Kennedys old seat China orders some major banks to limit lending ...

Cable: heavy stops on downside

Posted:

Just hearing some talk of fairly heavy stops in the cable below 1.6290 and again below 1.6270. Despite the big fall in EUR/GBP, I've heard a lot of talk in the interbank market of significant buying close to current levels between .8700/20. This buying was not option related I'm told.

Food for thought for the European market

Posted:

With the Republican victory in Massachusetts, the Chinese curb on bank lending and further optimistic assessments of global growth in 2010, the European market will have lots to think about today. The bearish sentiment for the EUR is now well entrenched so selling EUR/USD rallies continues to look like the ...

AUD/USD recovers slightly; bids at .9120/30

Posted:

Apologies for the slight break in transmission, my internet decided to play up. Bids are reportedly quite strong in the AUD/USD towards .9120 but any move towards .9250 should also meet solid resistance. This could well be our next s/t range.

AUD/USD breaks support level

Posted:

Reports emerging that the Chinese authorities have instructed some banks to completely stop any new lending until the end of the month. This is adding to the bearish risk-averse tone of the market. AUD/USD is trading at .9160 with talk of some bids around .9125 to provide the next support ...

Risk averse plays starting to emerge

Posted:

When the market doesn't quite understand what's going on then it tends to start liquidating existing positions. AUD/JPY and NZD/JPY are becoming a victim of this with both falling quite heavily in reaction to the big fall in the EUR/USD. AUD/USD is nearing the .9170 support level again with heavy ...

EUR/USD bouncing back towards 1.4250 breakdown level

Posted:

If you're still caught with stale longs it might be worthwhile lightening up as we approach the big sell-off level.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)