Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Mar 17, 2010

Your forexlive.com ENewsletter

USD/JPY touch firmer; interesting buyer noted
Cable seeing choppy trade
EUR/USD lower, but BIS seen on the bid
SPAIN: 4Q09 monthly labour costs +2.5% y/y; 3Q09 y/y.
BOJ’s Shirakawa: Latest step is additional monetary easing
Japan Strategy Minister Sengoku: Positively welcome BOJ decision
Russia CBank moves rouble floating trading band to 34.15 vs basket after buying $700 mln- Dealers
EUR/USD 1.3800 barrier gives out early
US: US data starts at 1100GMT with the weekly MBA….
EUROPE: (2) At 1000GMT, EMU data sees Q4 labour is…
JAPAN: Commments from Strategy minister Sengoku……
UK: Also at 0930GMT, UK labour market data is due….
Cable slips back after impressive rally
EUROPE: At 0815GMT, ECB Governing Council member is..
EUR/USD opens little changed, barrier option protection capping rally so far
US PRESS: Fed up with the tight supply of credit,….
Asian FX market wrap: BoJ expands credit program
JAPAN: Comments from Japan Banking Minister Kamei,…
SOUTH KOREA: South Korean Feb S/adj unemployment at..
JAPAN: Comments from ADB President and former MOF….

USD/JPY touch firmer; interesting buyer noted

Posted:

USD/JPY has ticked up to 90.65 at writing. Reports have the Japan Post Bank buying the pairing. No doubt linked to purchases of US treasuries.

Cable seeing choppy trade

Posted:

Choppy trade so far in cable. We've seen overnight range extended out to 1.5210-1.5269. Buying by a US investment house in the 1.5210/20 area has limited cable slippage, so far at least.

EUR/USD lower, but BIS seen on the bid

Posted:

EUR/USD presently at 1.3785. Talk BIS on bid in low 80's.

SPAIN: 4Q09 monthly labour costs +2.5% y/y; 3Q09 y/y.

Posted:

SPAIN: 4Q09 monthly labour costs +2.5% y/y; 3Q09 +3.3% y/y - 4Q09 hourly labour costs +5.1% y/y; 3Q09 +4.2% y/y

BOJ’s Shirakawa: Latest step is additional monetary easing

Posted:

Is not QE BOJ aims to support private demand by pushing down long-term rates Wants broad understanding of BOJ's easy stance to boost economy Japan economy somewhat overshooting BOJ's forecasts BOJ's step aimed at ensuring economic, price recovery Will take time for prices to return to desireable level. No miracle step that would lift prices Will ...

Japan Strategy Minister Sengoku: Positively welcome BOJ decision

Posted:

BOJ decision reflects BOJ caution on global financial developments USD/JPY sits at 90.45, still stuck in 90-91 range.

Russia CBank moves rouble floating trading band to 34.15 vs basket after buying $700 mln- Dealers

Posted:

Another day, another $700 mln.

EUR/USD 1.3800 barrier gives out early

Posted:

Didn't take long. Normal scenario is for those that pushed to blow up interest then turning round and booking some profits on their long possies. We're presently at 1.3802. Sovereign sell orders tipped up at 1.3825/50.

US: US data starts at 1100GMT with the weekly MBA….

Posted:

US: US data starts at 1100GMT with the weekly MBA Mortgage Application Index. At 1230GMT, the US Producer Price Index is expected to fall 0.2% in February on a reversal in energy prices after the January spike. Gasoline pump prices and ETI oil prices were both lower in the month. Core PPI growth ...

EUROPE: (2) At 1000GMT, EMU data sees Q4 labour is…

Posted:

EUROPE: (2) At 1000GMT, EMU data sees Q4 labour costs data, which is seen coming in at 2.5% y/y, released along with January construction production.

JAPAN: Commments from Strategy minister Sengoku……

Posted:

JAPAN: Commments from Strategy minister Sengoku -- Positively welcome BOJ decision -- BOJ decision reflects BOJ caution on global financial developments.

UK: Also at 0930GMT, UK labour market data is due….

Posted:

UK: Also at 0930GMT, UK labour market data is due. Last month's UK claimant count data confounded expectations to post its largest rise since July 2009, more than wiping out the declines seen in the previous two months. Up until Jan, claimant count had generally been rising at a slower ...

Cable slips back after impressive rally

Posted:

Cable has slipped back a little during Asian overnight session, presently at 1.5220 from North American close Tuesday up around 1.5255. UK data due today: 09:30 GMT: Latest Bank of England minutes 09:30 GMT: UK jobs report for February; jobless claims change expected 6k, claimant count rate expected unchanged at 5%, ILO unemployment (3m Jan) expected 7.9% ...

EUROPE: At 0815GMT, ECB Governing Council member is..

Posted:

EUROPE: At 0815GMT, ECB Governing Council member Mario Draghi is due to speak at a European Parliament Committee on Economic and Monetary Affairs, in Brussels, while at 0900GMT, ECB Governing Council member Axel Weber appears on a panel discussion on "The Aftermath of the Crisis. A Newly Structured World?", in ...

EUR/USD opens little changed, barrier option protection capping rally so far

Posted:

EUR/USD sits at 1,3780, hardly changed from North American close Tuesday around 1.3770, Asian trade confined to uninspired 1.3764-1.3788 range. So far protection of barrier option interest up at 1.3800 is capping recent rally. Euro zone data today is thin on the ground: 10:00 GMT: Euro zone labour costs Q4 expected 2.7% ...

US PRESS: Fed up with the tight supply of credit,….

Posted:

US PRESS: Fed up with the tight supply of credit, state and local governments across the U.S. are starting to punish big banks, the WSJ reports. State lawmakers in Maryland, Massachusetts, Minnesota and New Mexico have introduced legislation that would funnel more money into small financial institutions, which generally have ...

Asian FX market wrap: BoJ expands credit program

Posted:

Not unexpectedy, the BoJ keeps rates at 0.1% and boosts it's credit program to JPY20 trillion USD/JPY dipped after the anouncement in a case of buy the rumour, sell the fact RBA assistant governor says rates to rise further Way forward for Greece remains unclear as Germany would possibly be unable to ratify ...