Jan 27, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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BOE’s Sentance: Difficult to keep CPI on target if high services inflation, rising import prices persist

Posted:

Cable moves higher. Cannot rely on goods deflation to hold down CPI while sterling fall feeding through Large range of uncertainty around CPI outlook at present Business surveys suggest margin of spare capacity not as high as expected There may be less labour slack than in equivalent stage in early 80s, 90s recoveries If headwinds ...

Cable seeing choppy trade, up marginally on day

Posted:

Cable has seen choppy trade within a fairly confined range (well confined for cable) We're presently at 1.6145.  Talk UK oil company (seen buying yesterday) in again buying cable on dips today.

AUD will Fly to 0.87…????

Posted:

Wahh, todays trade really scary if u aggressive, AUD move aside from 0.9045 slightly drop to 0.8949 as China limitation on credit fears market even supported by Rate Hawkish gonnabe and uptrend in Aussie cpi. I guess we'll see AUD moving on 0.9040 for resistance and supported on at 0.8940, ...

Greek Finance Ministry: No deal to sell Greek bonds to China

Posted:

Greek Finance Ministry says no mandate to Goldman Sachs to negotiate Greek bond deal with China Figures on reported Greece-China bond deal are not true

ECB’s Weber: This year the economy is going to be better

Posted:

Growth of maybe 1.5% We have to discuss how to phase out support measures one by one in orderly manner We have to do monetary policy for whole of euro zone, not for certain parts Greece has promised to reduce deficit to 3%, they have to meet it Euro zone break up talk is ...

DAVOS: PBOC Dep Gov; China will continue current fiscal and monetary policy, is accomodative

Posted:

Guess we're going to be having rather alot of comments eminating from Davos. Time to take a few days off I think.

EUR/USD touch easier but its slow going; notable buyer seen

Posted:

EUR/USD sits at 1.4035. Talk Russia has been buying around 1.4030/35.

Reuters Feeds and Brokers

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Curious - now that I'm hooked onto information overload from the institutional workstations... does anybody have any ideas what products are available to individual traders that pump out the live market news/analysis? I've been to the product sites but their terribly vague and it's generally understood that the costs range ...

BIS seen selling EUR/USD

Posted:

No levels mentioned, but seems to be 1.4050/60 area.

USD/JPY, we gotta market…….

Posted:

Now reading comments from an fx analyst at Daiwa Institute of Research.  Feels USD/JPY will hold above 88.00 through end of February. Feels China tightening fears overblown. Sees 93.00 as resistance. But, feels if signs of US economic strength emerge in weeks ahead, rekindling speculation of Fed rate hike, then USD/JPY could ...

USD/CHF touch firmer; sell, stop orders noted

Posted:

USD/CHF has tagged on about 20 pips so far today, presently at 1.0480.  Talk of sell orders lined up at 1.0490/00, with stops seen just above there.

French January consumer confidence better than expected

Posted:

French January consumer confidence indicator has come in at -29 from a revised -30 in December, better than median forecast of -31. French industry demand at -2% in January from -14% in October.

EUR/USD touch easier in listless trade

Posted:

EUR/USD is off about 20 pips in listless European trade, presently at 1.4050.  Earlier reports had sovereign buy interest lined up at 1.4040 down to 1.4000, and that seems to be negating accelerated losses, at least for now. Stops seem to be well-documented through 1.4030, as is hefty 1.4000 option interest.

EUR/CHF steady as a rock, but………..

Posted:

UBS feels there could be a little volatility on the way, citing the possibility of comments from Swiss central bankers at the World Economic Forum in Davos.  Here's hoping.

USD/JPY steady at lower levels in quite trade

Posted:

USD/JPY sits at 89.25, steady at lower levels in quiet early European trade. Just been reading a Dow Jones piece. Chief fx analyst at BOT Mitsubishi feels USD/JPY may fall to 88.00 next month on it's way to the 14 year low at 84.82 in March. Main driver being ongoing risk ...

Even cable isn’t doing much of anything!!!

Posted:

Right that should ensure it goes ballistic. Cable at 1.6135 is pretty much where North America closed out Tuesday. Asian and Middle Eastern sovereign purchases at various levels below 1.6130 have helped stop the  Q4 GDP-induced rot, well at least for now. Cupboard is almost bare on data front 11:00 GMT: UK CBI distributive ...

EUR/USD suffering bad case of gridlock

Posted:

EUR/USD has seen quiet overnight trade in Asia. Sits presently at 1.4055, marginally easier from a North American close Tuesday up around 1.4070. Saw a number of bounces over 1.4100 yesterday which seemed to keep running into model fund sales (well at least it seemed that way to me during the ...

Real money bids in cable; option protection in EUR/USD

Posted:

There are a number of substantial bids from real money players in the cable around 1.6000 Stops below 1.4030 in the EUR/USD, with option protection at 1.4000 and more stops below. Good bids again 1.3970 and stops below 1.3950

Asian FX market wrap: JPY crosses continue to slide

Posted:

Australian CPI rose by slightly more than expected, increasing the chances of a rate rise next month Japan's December trade balance +545 billion JPY South Korean December current account surplus surges North and South Korea reportedly involved in artillery skirmish China's ICBC says lending surge has eased Regional stockmarkets generally lower Gold very steady around $1100/oz The ...

JPY crosses halt slide for now but momentum remains bearish

Posted:

EUR/JPY has traded at a low of 125.52 and GBP/JPY at 143.75 thus far and the bearish momentum is showing no sign of abating. Let's hope that the old adage "the market always looks worst right at the bottom" is true in this case.
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