Your forexlive.com ENewsletter |  |
- Germany FinMin: No GDP Growth Over 2% In Coming Yrs: Press
- EUR/USD: Failure to Bounce
- UK Analysis: Unemployment Posts Sharp Fall In March
- GBP/USD: Jumps on Bigger than Exp. UK Claimant Count Fall
- Goldman Sachs Goes on the Offensive
- The “Magnetar Trade”
- Out Today
- Russia C/Bank Intervenes Buying $700mln
- ECB: E47.583 Bln Covered Bond Purchases Settled Apr 20
- EUR/USD: Moderate Recovery Off 1.3397 Low
- AUD/USD: Ready for another Push Higher
- CAD still gaining, AUD held up by sell order
- GBP showing early strength into Europe
- Japan Feb Coincident Index Revised +0.2 Pt, Up 11th Mo In Row
- Japan Average Regular Gasoline Price Up 7th Week In Row
- ForexLive Asian market wrap: EUR still under pressure
- UK newspapers looking relatively timid for a change
- EUR/USD technicals: momentum is the most important factor in my mind
- BoJ Nishimura: some signs that Japan is escaping deflation
- Goldman Sachs says fraud case involves one employee
| Germany FinMin: No GDP Growth Over 2% In Coming Yrs: Press Posted: FRANKFURT (MNI) - Germany's economic growth cannot be expected to exceed 2% per year in the coming years, the country's finance minister, Wolfgang Schaeuble, said in an interview pre-released Wednesday. The country's constitutionally mandated debt limit must be honored, the ...    |
| Posted: I can't say I would be happy if I was long EUR/USD today. It appears to have the weight of the world on its back at the moment. It is getting clobbered from all sides. EUR/GBP, EUR/AUD, EUR/CAD etc etc. If you like to sweat on your trades the Euro ...  |
| UK Analysis: Unemployment Posts Sharp Fall In March Posted: --Mar claimant count unemployment -32,900; rate 4.8% --Dec-Feb ILO unemployment +43,000 q/q; rate 8% --Feb total weekly earnings +2.3% 3m y/y vs +0.8% in Jan --Feb regular weekly earnings +1.7% 3m y/y vs +1.5% in Jan LONDON (MNI) - Claimant count unemployment posted a sharp decline for ...  |
| GBP/USD: Jumps on Bigger than Exp. UK Claimant Count Fall Posted: GBP/USD traded up to 1.5426 on the better than expected UK claimant count fall then fell back quickly to below the figure on the BOE minutes - all up the price is unchanged.  |
| Goldman Sachs Goes on the Offensive Posted: Goldman Sachs got the PR machine running at full pace overnight blaming the whole infamous Abacus structure on just one person Fabrice Tourre. To see how Mr Tourre fits into the Abacus structure follow this link to the Clusterstock Chart of the Day  |
| Posted: As recanted on Monday the Magnetar trade is coming back into focus in the wake of the Goldman Sachs fraud charge. The Magnetar trade, of course, is the same trade as the Goldman Sachs/Paulson trade but done with nine other banks! In a WSJ article out late yesterdays, Magnetar apparently ...  |
| Posted: BOE Minutes out at 0830GMT UK Unemployment rate 0830GMT Portugal to auction Eur0.5bln 3 & 9-mth T-bills 1050GMT German FinMin Schaeuble to speak to German lawmakers on the Greek crisis  |
| Russia C/Bank Intervenes Buying $700mln Posted: Reuters has reported that the Russian C/Bank had shifted down its intervention level to 33.55 Roubles/Basket from 33.60 after buying around $700mln quoting dealers. If Asia is anything to go buy those US Dollars will fall into the unwanted category (reserves already contain too many US Dollars) and as such ...  |
| ECB: E47.583 Bln Covered Bond Purchases Settled Apr 20 Posted: FRANKFURT (MNI) - The European Central Bank said Wednesday that a total of E47.583 billion Eurosystem covered bond purchases had settled as of April 20. As of April 19, settled acquisitions had totaled E47.377 billion, the ECB said Tuesday. The ...  |
| EUR/USD: Moderate Recovery Off 1.3397 Low Posted: EUR/USD has recovered 50 points off its Asian lowin early Europe perhaps on a combination of buying interest around the figure and as Sean points out, no really bad news in the London newspapers this morning. Asia mostly targeted the downside with Euro bond redemption's out of Tokyo weighing plus ...  |
| AUD/USD: Ready for another Push Higher Posted: AUD/USD retains its strength this morning rebuking a couple of attempts at the downside only to run into strong buying interest posted at the hourly support (0.9290-95). The pair got hit last night in NY on the hawkish BOC language which saw players reset exposures between the commodity groupings. AUD/USD ...  |
| CAD still gaining, AUD held up by sell order Posted: USD/CAD is down at .9950 and hasn't rallied at all since turning aggressively lower during the NY session. The AUD/USD is lagging as dealers report some decent sell orders in the .9330's.  |
| GBP showing early strength into Europe Posted: Cable will never go anywhere in a straight line but when it starts to move, it can really get some serious momentum going and moves of 5 or 6 big figures in 2 sessions are not unknown. At the moment the danger would seem to be that the pound can continue ...  |
| Japan Feb Coincident Index Revised +0.2 Pt, Up 11th Mo In Row Posted: -- Japan Feb Leading CI Revised +1.2 Pt M/M, Up 12 Months In Row -- Cabinet Office Repeats CI Shows Japan Economy Improving TOKYO (MNI) - Japan's coincident composite index (CI), which reflects current business conditions, rose a revised 0.2 point to 100.5 in February, its 11th ...  |
| Japan Average Regular Gasoline Price Up 7th Week In Row Posted: TOKYO (MNI) - The average price of regular gasoline in Japan this week rose to Y135.2 ($1.45) per liter, or $5.51 per gallon, from Y133.2 last week, posting the seventh weekly rise in a row, according to data released by the Oil Information Center on ...  |
| ForexLive Asian market wrap: EUR still under pressure Posted: Outlook for Australian economy remains strong with latest leading indicators showing continued positive signs BoJ sees signs that Japan may exit deflation Goldman Sachs say fraud case only involves one individual Regional equity markets gain over 1% on average Ranges have again been very quiet during the Asian session but the EUR has continued to ...  |
| UK newspapers looking relatively timid for a change Posted: Apart from the usual ash and election stuff, I can find no end-of-UK-economy-as-we-know-it articles to unsettle sterling traders. I think they will as usual ignore all that happens in Asia and take up where NY left of, with the pound fairly well supported. Cable has support and resistance at yesterdays ...  |
| EUR/USD technicals: momentum is the most important factor in my mind Posted: In choppy markets, technical indicators do not work particularly well. Fibonacci's are obviously redundant as there is no dominant trend, trend lines get broken and re-established on a daily basis, and formations form and dissolve on an annoyingly frequent basis. This is the type of market we've experienced in the ...  |
| BoJ Nishimura: some signs that Japan is escaping deflation Posted: Public enemy number one in Japan is deflation and the BoJ are working on a 10 year plan to defeat it. Deputy Governor Nishimura says that there is a 1 year lag between changes in the economy and changes in inflation. Economic signs are starting to emerge indicating that some ...  |
| Goldman Sachs says fraud case involves one employee Posted: The hub of Goldman's defence case will be that the fraud case against it is based on the actions of one employee whom it has now placed on paid leave. Here is the latest Bloomberg report.  |
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