Mar 31, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Cable bounces over 1.5100

Posted:

Cable has seen a decent rally, back over 1.5100, presently at 1.5110. Talk is that a major Swiss bank was a  notable buyer of the pairing. A clearer (not the one reported buying EUR/GBP earlier, which figures I guess) was also seen buying decent amounts. Infact the clearer buying cable today ...

Germany’s SA March Unemployment Slides On Statistical Effect

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--SA Unemployment: -31,000k (pan),-20,000k (west), -11,000k (east) MNI survey median: +5k m/m MNI survey range: +unchanged to +20k m/m FRANKFURT (MNI) - Germany's seasonally adjusted unemployment once again surprised on the downside, falling by 31,000 to 3.382 million and pushing down the unemployment rate to ...

German March jobless better than expected

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German March jobless total nice surprise, down -31k compared to median forecast of +8k.

Japan Feb Construction Orders -20.3% Y/Y, 1st Drop In 3 Mths

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TOKYO (MNI) - The value of construction orders received in February by the 50 largest contractors in Japan fell 20.3% from a year earlier to Y730.3 billion, marking the first year-on-year drop in three months, the Ministry of Land, Infrastructure, Transport and Tourism said on ...

EUR/USD extends rally

Posted:

Well talk of buy interest at 07:00 GMT fixing seems to have been pretty much on the mark.  We're up at 1.3433.  Obviously we're likely to hear ongoing talk of fixing interest as day progresses.  The interest is being front run to some extent, which isn't too much of a shock. Worth ...

ECB: E44.058 Bln Covered Bond Purchases Settled Mar 30

Posted:

FRANKFURT (MNI) - The European Central Bank said Wednesday that a total of E44.058 billion Eurosystem covered bond purchases had settled as of March 30. As of March 29, settled acquisitions had totaled E43.782 billion, the ECB said Tuesday. The ...

USD/JPY touch easier in early European trade

Posted:

USD/JPY, having made good ground overnight in Asia, has eased back slightly in early European trade.  Presently sits at 93.20 having gotten as high as 93.59 overnight.  Talk of buy stops building up through 93.80 (93.78 2010 high) and also stops through 125.50 in EUR/JPY.

EUR/GBP holding up

Posted:

EUR/GBP holding up, presently at .8910, with UK clearer notable buyer in recent trade. One to tuck away; talk of cable stops gathering through 1.5030.

BIS buys EUR/USD. Talk of buy interest for 07:00 GMT fix

Posted:

EUR/USD is up at 1.3420. Talk BIS has been a buyer in recent trade.  Not surprisingly also talk of EUR/USD buy interest lined up for 07:00 GMT fix (one of the more minor fixings)

Cable lower as EUR/GBP rallies

Posted:

Cable has given up a quick 25 points or so as European trading gets underway, presently down at 1.5055.  The move comes as EUR/GBP rallies, presently at .8903 from early .8885.  Obviously it's month end and there is anticipation of usual EUR/GBP buying from European central bank related to UK ...

Germany’s Feb SA ILO Employment Rises For Third Month

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--Previous Results: Feb +16k, Jan +20k, Dec +35k, Nov -1k, Oct -21k FRANKFURT (MNI) - The number of employed in Germany rose by 16,000 in February in seasonally adjusted terms, the Federal Statistical Office reported on Wednesday. The rise brings the ...

Japan Feb Housing Starts -9.3%, 15th Straight Y/Y Drop

Posted:

TOKYO (MNI) - Housing starts in Japan fell 9.3% in February from a year earlier to 56,527 units, posting the 15th straight y/y drop, the Ministry of Land, Infrastructure, Transport and Tourism said on Wednesday. The pace of decline accelerated ...

SNB’s Danthine: SNB has the resources to counter any excessive rise of the swiss franc

Posted:

EUR/CHF up very slightly at 1.4310 from early 1.4295. The official also says expansionary monetary policy is appropriate at the present time.

Many EU countries need “brutal” budget adjustments in coming years to avoid debt explosion – Moody’s

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Italy rating depends on ability to generate large primary surplus, cut debt financing costs Low growth scenario is challenge for Italy to cut public debt EUR/USD slips to 1.3398.

Japan Average Regular Gasoline Price Up 4th Week In Row

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TOKYO (MNI) - The average price of regular gasoline in Japan this week rose to Y131.3 ($1.41) per liter, or $5.36 per gallon, from Y131.0 last week, posting the fourth weekly rise in a row, according to data released by the Oil Information Center on ...

EUR/USD little changed overnight, but could be interesting day

Posted:

EUR/USD sits at 1.3408, pretty much where it closed out in North America Tuesday, with price confined to 1.3385-1.3437 range in Asia.  Sentiment remains pretty much negative toward the euro given ongoing worries surrounding PIGS in general and Greece in particular.  That said, it'll be interesting to see whether the ...

EMU Data: MNI Survey Of Econ Data Forecasts, March 31

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Germany Data: MNI Survey Of Econ Data Forecasts, Mar 31

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ForexLive Asian market wrap: USD makes gains across the board

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Australian retail sales, worse than expected at -1.4% Building approvals -3.3% against expected +2% UK consumer confidence index slips slightly Japanese wages continue to fall Fed's Fisher: Won't act to hold down rates Nikkei hits 18 month high but other regional bourses slip back Fairly interesting session led by the JPY and the AUD. The AUD/USD and ...

USD/JPY strength continues late into session

Posted:

Since the stop-loss run above 93.10, there has been very little pullback in USD/JPY. It is unusual for the Asian session to continue almost uninteruppted in one direction which shows the strength of the emerging bull trend. We can expect to see more stops above 93.75 and it would not ...
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