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- Well……………
- DAVOS/Greek FinMin: Will do whatever it takes to bring budget deficit down
- USD/JPY scuttlebutt…….
- EUR/USD extends rally; sell interest noted
- Cable extends rally; talk of sell orders
- Cable ticks higher
- Swedish CBanker Oberg: Some uncertainty exists regarding the extent of as yet unrealised loan losses, particularly in European banks
- DAVOS/Almunia: No risk of Greece default
- USD/JPY ticks higher
- German FinMin: Economic data point to continuation of recovery, but slower pace than in mid-2009
- UK house prices +1.2% m/m in January, +8.6% y/y – Nationwide
- John Lewis week to Jan 23 dept store sales up 15.7%
- Funds flee Greece as Germany warns of “fatal” eurzone crisis
- More of the same for EUR/USD
- More artillery fire on Korean peninsula
- Lets discuss EUR/JPY
- Asian forex market wrap: AUD pairs break support but quiet overall
- South Korean December industrial output +3.5% vs November
- What’s going on in Davos?
- Deflation still a major concern for Japan
| Posted: Ding Dong. Aforementioned sell orders in EUR/USD up at 1.3980/00 and in cable up at 1.6180 have managed to negate upside acceleration, at least for now, the pairings back down at 1.3965 and 1.6140 respectively. Maybe things will calm down now ahead of this afternoon's US GDP release. Or maybe that's just wishful ...    |
| DAVOS/Greek FinMin: Will do whatever it takes to bring budget deficit down Posted: They seem determined, I'll give them that. But I guess it's easy to talk a good book. EUR/USD has made it as high as 1.3989, presently at 1.3980. Battle joined in the 1.3980/00 area, as aforementioned sell orders confront the euro bulls. .  |
| Posted: Talk in the market of month-end USD/JPY buy interest lined up for todays fix. Presently at 90.25.  |
| EUR/USD extends rally; sell interest noted Posted: EUR/USD has made it up to 1.3978 so far, presently at 1.3975. Talk of sell orders layered from 1.3980 upto 1.4000, which may at least slow the rally if not stop it. Gotta think stops reside not far north of 1.4000, but need to get some confirmation.  |
| Cable extends rally; talk of sell orders Posted: Cable has extended it's rally to 1.6177, amid talk of UK oil company and Middle Eastern purchases. Talk of sell orders lined up at 1.6180 and again around 1 .6200. We'll have to see whether they're enough to cap rally. Talk is the amount BP needs to do is £400/500 mln each day. Will ...  |
| Posted: Cable up at 1.6155. Talk UK oil company BP has been in buying.  |
| Posted: Not a particularly helpful comment for the euro, EUR/USD back down at 1.3945.  |
| DAVOS/Almunia: No risk of Greece default Posted: There is no chance Greece will leave euro zone There is no plan B for Greece debt, only plan A which is fiscal adjustment No special plans for Greece, but will make regular recommendations on fiscal imbalances next week Comments from the European Economic and Monetary Affairs Commissioner have seen EUR/USD rally to 1.3965 ...  |
| Posted: USD/JPY has ticked higher in early European trade, presently at 90.20. Doesn't appear to be news driven. Rather it appears to be bout of general short covering. Personally I wouldn't like to be short USD/JPY going into this afternoons US GDP release, just incase we get an upside surprise, which would boost expectations ...  |
| German FinMin: Economic data point to continuation of recovery, but slower pace than in mid-2009 Posted: Rising global demand will lead to significant expansion in German exports Expansion of investment activity should lead to firmer domestic demand Does not expect private consumption to buoy economy in 2010  |
| UK house prices +1.2% m/m in January, +8.6% y/y – Nationwide Posted: Much stronger than expected. Median forecasts had called for +0.3%, +7.3% respectively.  |
| John Lewis week to Jan 23 dept store sales up 15.7% Posted: Good old John Lewis. Cable sits at 1.6125, steady at lower levels Can expect more cable purchases from BP today. Against that we should see usual month end EUR/GBP purchases related to UK contributions to EU. Wish I had a fix on what sort amounts we're talking about, but I don't. I'll have ...  |
| Funds flee Greece as Germany warns of “fatal” eurzone crisis Posted: Latest from AEP at The Telegraph.  |
| Posted: EUR/USD sits at 1.3935, down from a North American close Thursday around 1.3970, but off 1.3913 session low. There are ongoing worries surrounding budget deficits of various euro zone countries, Greece to the fore. In an interview with the WSJ Greek PM Papandreou says "These six months are going to be ...  |
| More artillery fire on Korean peninsula Posted: Reuters are reporting that the North are again firing on the South. The Kospi continues to fall, now down almost 2.5%. The AUD/USD is bearing the brunt of risk aversion sentiment, currently on its session lows at .8890.  |
| Posted: what will be the prospect of this pair is down from 128.50 to 124.8 from 26th June what will be next  |
| Asian forex market wrap: AUD pairs break support but quiet overall Posted: Japanese industrial production rose and unemployment fell Japan's CPI continues to fall South Korean industrial output +34% on the year Bernanke confirmed by Senate for second term Microsoft and Amazon show good numbers after the bell Regional stockmarkets fall by nearly 2% on average A quiet day on the FX markets by recent standards with some ...  |
| South Korean December industrial output +3.5% vs November Posted: The emerging economic powerhouse and Asia's fourth biggest economy showed an increase of almost 34% in industrial output compared with a year earlier.  |
| Posted: If that's the question on the tip of your tongue, then happy days, because here is the UK Telegraph site with all the relevant answers.  |
| Deflation still a major concern for Japan Posted: Falling unemployment will have been a welcome surprise but deflation remains public enemy number one for the Japanese economy, as highlighted by todays' economic data.  |
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