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- EUR/USD: Sellers above 1.3500 Win First Battle
- EUR/USD: Runs to 1.3515 on better than expected German Zew data
- GBP/USD: Spikes to 1.5415 on CPI Data/Stops
- Germany Source: Forex Not In Focus At G7, G20, IMF Meetings
- Germany FinMin: EMU States Won’t Purchase Greek Bonds
- GBP News: Stronger than Expected CPI Data
- EUR/USD: Dragged Higher but Greek/German Spread Widens
- USD/JPY: Well Supported this Morning
- Update: Sweden Riksbank Leaves Repo Rate, Rate Path Unchanged
- Sweden’s Riksbank Leaves Key Repo Rate On Hold At 0.25%
- Euro Cross Selling Widespread
- ECB: E47.377 Bln Covered Bond Purchases Settled Apr 19
- EUR/GBP: Targeting Stops below 0.8780
- USD/INR: RBI Raises Rates 25bps as Expected
- ECB Weber Tells Lawmakers Greece Aid Could Reach E80 Bln: WSJ
- Here We Go Again
- AUD/USD: Strong as 10 Men in Asia
- Risk-off late in session, Shanghai composite leads the way
- ForexLive Asian market wrap: AUD reverses recent losses
- Around the markets: equities +0.5%, gold steady
| EUR/USD: Sellers above 1.3500 Win First Battle Posted: EUR/USD sellers have won the first battle today with the better than expected German ZEW spike to 1.3515 short-lived. The pair looked like it was consolidating above 1.3500 for a few minutes but sellers quickly gained the upper hand and we are back around 1.3485. Round 1 to the Euro bears.    |
| EUR/USD: Runs to 1.3515 on better than expected German Zew data Posted:  |
| GBP/USD: Spikes to 1.5415 on CPI Data/Stops Posted: GBP/USD is consolidating just below 1.5400 after an earlier spike to 1.5415 on the higher than expected CPI reading and a mixture of weak stops just above the figure. After hitting 1.5192 in London yesterday, we are now up around 200 points from the lows with shorts not very happy. ...  |
| Germany Source: Forex Not In Focus At G7, G20, IMF Meetings Posted: BERLIN (MNI) - Foreign exchange rates won't be a major topic of discussion at the gathering of finance ministers and central bank governors of the G7 and G20 at the upcoming IMF/World Bank meetings in Washington, a senior German government official said Tuesday. ...  |
| Germany FinMin: EMU States Won’t Purchase Greek Bonds Posted: BERLIN (MNI) - In the event that Greece asks for financial aid, the Eurozone states will grant direct loans but won't purchase Greek bonds, the German Finance Ministry said Tuesday. "Greece will get a pooled credit" from Eurozone states, German ...  |
| GBP News: Stronger than Expected CPI Data Posted: UK March CPI +0.6% m/m, +3.4% y/y (Consensus+3.2% y/y), Highest y/y Rate Since Jan 2010 UK March RPI +0.7% m/m, +4.4% y/y (Consensus +4.2% y/y), Highest y/y Rate Since Sept 2008 UK March RPIX +0.7% m/m, +4.8% y/y (Consensus +4.5% y/y), Highest Rate since Sept 2008 UK March CPI All Goods +3.4% y/y, All Services +3.3% y/y, ...  |
| EUR/USD: Dragged Higher but Greek/German Spread Widens Posted: EUR/USD after holding 1.3450 (just) has put in a recovery of sorts helped by USD/JPY buying which has dragged EUR/JPY. This strength has come despite the Greek/German 10-year bond spread blowing out to a fresh all-time high of 483bps. EUR/USD last at 1.3480 but needs to break 1.3510 for the ...  |
| USD/JPY: Well Supported this Morning Posted: Traders in London are commenting on strong buying in USD/JPY this morning from the leveraged community. This in turn has supported EUR/USD through a bid EUR/JPY. GBP/USD after the earlier dip has roared back to life and it up a big figure off the lows. Seems short covering on in ...  |
| Update: Sweden Riksbank Leaves Repo Rate, Rate Path Unchanged Posted: --Sees Repo Rate At 1.1% By 1Q 2011, 2.8% By 1Q 2012 --Adds more forecasts, details BRUSSELS (MNI) - Sweden's central bank Tuesday left its key policy rate on hold at 0.25%, along with its repo rate forecast, but it revised down its forecasts for growth and ...  |
| Sweden’s Riksbank Leaves Key Repo Rate On Hold At 0.25% Posted: --Sees Repo Rate At 1.1% By 1Q 2011, 2.8% By 1Q 2012 BRUSSELS (MNI) - Sweden's central bank Tuesday left its key policy rate on hold at 0.25%, along with its repo rate forecast, but it revised down its forecasts for growth and inflation this year. ...  |
| Posted: It is not just EUR/GBP which has gone down the toilet this morning. EUR/AUD is down over 100 pips from its intraday high. Not sure what to make of it but these are pretty big moves in the crosses.  |
| ECB: E47.377 Bln Covered Bond Purchases Settled Apr 19 Posted: FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E47.377 billion Eurosystem covered bond purchases had settled as of April 19. As of April 18, settled acquisitions had totaled E47.215 billion, the ECB said Monday. The ...  |
| EUR/GBP: Targeting Stops below 0.8780 Posted: Hearing out of London market targeting stops below 0.8780; low so far 0.8781.  |
| USD/INR: RBI Raises Rates 25bps as Expected Posted: No surprise here with 50 or 100bps points needed. The RBI is taking a steady path but with near double digit inflation, things could be getting away from them. No impact here for other markets.  |
| ECB Weber Tells Lawmakers Greece Aid Could Reach E80 Bln: WSJ Posted: FRANKFURT (MNI) - Bundesbank President Axel Weber on Monday told a group of lawmakers behind closed doors that Greece may need far more in financial aid than the current sum of E45 billion that Eurozone states and the International Monetary Fund have recently committed to, ...  |
| Posted: EUR/USD slipped late in Asia/early Europe which is path of the course these days. The inability of EUR/USD to trip the stops above 1.3500 (even though the high was 1.3502) was a major negative with reported investment bank sales the main containing factor. Asia basically gave it up then until, you ...  |
| AUD/USD: Strong as 10 Men in Asia Posted: It has been a sterling recovery off its London lows yesterday at 0.9157 for AUD /USD. The pair was boxed into a rather contained 0.9240-75 range until late in Asia when buyers got the upper hand. Whilst the pair slipped late in the session in sympathy with EUR/USD and GBP/USD ...  |
| Risk-off late in session, Shanghai composite leads the way Posted: Cable is leading the way in the FX market, falling to a new session low of 1.5290 as losses on the Shanghai composite (now over 1% lower) scare those who had hoped for an extended period of risk-on trading. There is talk of decent sized corporate buying interest in the EUR/USD ...  |
| ForexLive Asian market wrap: AUD reverses recent losses Posted: Hawkish RBA minutes put bid tone under AUD NZ CPI at mid-range expectations, lowering chances of extreme rate rises Japan Feb tertiary index -0.2% MoM Goldman Sachs determined to clear their name, signalling a long drawn out fight Flights set to resume around Europe but more ash clouds are on the horizon Regional equity markets ...  |
| Around the markets: equities +0.5%, gold steady Posted: Regional equity markets are up by around 0.6% on average and gold is steady at $1137/oz. The AUD has been the stand-out performer in FX markets today, bouncing back after taking a beating for 3 successive sessions.  |
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