Mar 18, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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EUR/USD steadies

Posted:

EUR/USD sits at 1.3675.  Source relates selling decent amount down at 1.3650 and running into virtual wall of buy interest.

Working for a living

Posted:

A surprise fall in unemployment is good news but the labour market trends are worrying.  Millions of people in Britain are not in work who could be. Oh-eh.

SPAIN DATA: Spain Jan services sector sales -4.1%….

Posted:

SPAIN DATA: Spain Jan services sector sales -4.1% y/y; Dec -1.9% y/y -- Spain Jan services sector employment -3.4% y/y; Dec -4.0% y/y

ECB: ECB says banks deposited E162.8bln with it and..

Posted:

ECB: ECB says banks deposited E162.8bln with it overnight and banks also borrowed E54mln at the marginal rate. ECB also added that Eurosystem has purchased E42.361bln in covered bonds as of Mar 17.

Japan MOF’s Noda: BOJ has taken appropriate

Posted:

Hopes they'll take appropriate policy from now on Policy steps up to BOJ Wants China to understand global calls for flexible yuan Would be wrong for US to take sanctions against China on yuan issue

JAPAN: Japan MOF official Noda adds it would be for..

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JAPAN: Japan MOF official Noda adds it would be wrong for US to take sanctions against China over yuan issue.

JAPAN: Japan MOF official Noda says wants China to…

Posted:

JAPAN: Japan MOF official Noda says wants China to understand global calls for a flexible yuan. (Rtrs)

Russia central bank moves floating rouble band boundary to 34.0 vs basket

Posted:

You guessed it, after buying $700 mln.

EUR/USD slips little further

Posted:

EUR/USD is down at 1.3669.   Sovereign buy interest tipped down at 1.3650/60.  If this zone doesn't hold then stops seen just below 1.3650 and again through 1.3630.

CHINA: The Shanghai Composite Index ended down 0.14%.

Posted:

CHINA: The Shanghai Composite Index ended down 0.14% at 3,046.09.

CHINA: US demands on yuan are “unfair and harmful”,..

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CHINA: US demands on yuan are "unfair and harmful", China's foreign minister is reported saying, adding a calm and rational approach is needed to FX dispute. He says he is seeking a mutually beneficial solution.

China says “calm and rational” approach needed to fx dispute, seeks mutually beneficial solution

Posted:

I was listening to Goldman's Jim O'Neil on Bloomberg yesterday.  What a clever chap he is, somewhat surprisingly given his football allegiance. If I remember rightly he was saying a move to reval the yuan could be just weeks away.

Cable lower. Public finances data due

Posted:

Cable has given back a chunk of yesterday's gains, down about a full cent from recent high, presently at 1.5290. Some event risk for sterling today in form of February public finances data.  Will also be interesting to see mortgage approvals given the recent slowdown in the UK housing sector. Release calender ...

UK: UK data at 0930GMT sees Trends In Lending data…

Posted:

UK: UK data at 0930GMT sees Trends In Lending data from the Bank of England and also CML Gross Mortgage Lending data, while at the same time, Provisional M4 Lending and Money Supply data is due along with the public finances data, where PSNB is expected to grow to stg13.4 billion and ...

EUROPE: Events start at 0700GMT when the Riksbank….

Posted:

EUROPE: Events start at 0700GMT when the Riksbank Deputy Governor Lars Svensson is due to deliver a speech on "Evaluating Monetary Policy in Sweden 2009", in Stockholm. In Europe today, the European Parliament have a hearing on European economic governance and EU tools for economic recovery, while the ECB also ...

EUR/USD opens lower, Greek worries never far from the surface

Posted:

EUR/USD sits at 1.3676, down from a North American close Wednesday up around 1.3735.   Comments from Angela Merkel's chief finance spokesman will have been noted, Michael Meister opining that Greece should turn to the IMF if it's needs aid. Some see this as signalling a rift between Germany and other European ...

UK PRESS: Nissan’s Sunderland site in northeastern…

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UK PRESS: Nissan's Sunderland site in northeastern England is to manufacture the Leaf, an electric vehicle described by the company as the world's first affordable, mass produced zero-emission car, the company said on Thursday, the FT reports. The decision by Nissan to make Sunderland its third global manufacturing location for ...

UK PRESS: The eurozones united front against the…..

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UK PRESS: The eurozones united front against involving the International Monetary Fund in a rescue operation for Greece is cracking, with at least three of the area's 16 nations open to calling in the IMF if needed, the FT reports. EU officials said Finland, the Netherlands and Italy were all ...

Selling of JPY crosses catches second wind

Posted:

Typical, within seconds of my pressing submit on my session ranges, the JPY crosses get hit by another wave of selling. EUR/USD has made a new intraday low at 1.3690, cable at 1.5280 and EUR/JPY at 123.45.

US PRESS: The NY Times says that across Europe, from.

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US PRESS: The NY Times says that across Europe, from profligate Greece to newly strait-laced Ireland, countries are promising deep, painful cuts in public spending even as they face the likelihood of a new recession. To protect the value of the euro, satisfy investors and appease Europe's economic taskmaster, Germany, ...
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