Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Apr 22, 2010

Your forexlive.com ENewsletter

GBP/USD: Trades Higher on Back of Retail Sales February Revision
TABLE: BOE Loan Survey Data For March
UK Analysis: Retail Sales Volumes Show Steady Rise In March
GBP Stronger on Strong Retail Sales Data
BOE Data: Mar Mortgage Approvals Up; M4 Lowest Since Feb 2000
Norges Bank:Household Cred Standards Tightened Somewhat In Q1
EUR/GBP: Witnessing Some Short Covering
EZ April Flash Composite PMI 57.3; f’cast 56.1
BA/ML’s Levy, Barclays Maki, MS’ Greenlaw Differ On Fed
Do you get the feeling data is irrelevant in the current environment?
ECB: E47.937 Bln Covered Bond Purchases Settled Apr 21
USD/CNY: Where there is smoke, there is fire
GBP/USD: In Focus this Morning
Trying to Stage a Recovery of Sorts
Germany FinMin:1Q Fed’l Rev -11.1% Y/Y,Expenditures +4.9% Y/Y
Japan Mar Supermarket Sales -6.6% Y/Y, Down 16 Months In Row
Spate of EU data should ensure some volatility
EMU Data: MNI Survey Of Econ Data Forecasts, April 23
Germany Data: MNI Survey Of Econ Data Forecasts, April 23

GBP/USD: Trades Higher on Back of Retail Sales February Revision

Posted:

Whilst March retail sales rose only 0.4% players took heart with the upward revision by 0.4% to 2.5% in February's data. GBP/USD looks like it wants to have another stab of at its earlier 1.5473 high but is struggling a little at the moment to get back above 1.5450. I think ...

TABLE: BOE Loan Survey Data For March

Posted:

London (MNI) - The following table shows the key mortgage lending results of the BOE Trends in Lending survey: Major UK Lenders (Lending Panel) ...

UK Analysis: Retail Sales Volumes Show Steady Rise In March

Posted:

--Value-Based Sales Show Stronger Growth Surge --Mar retail sales +0.4% m/m; +2.2% y/y - Below MNI Median: 0.7%; 2.5% --Mar retail sales ex auto fuel +0.2% m/m; +4.0% y/y LONDON (MNI) - Retail sales volumes grew moderately in March as retailers raised prices, according to data ...

GBP Stronger on Strong Retail Sales Data

Posted:

GBP/USD is up whilst EUR/GBP is down on strong retail sales data. Sorry for the correction.

BOE Data: Mar Mortgage Approvals Up; M4 Lowest Since Feb 2000

Posted:

London (MNI) - Mortgage approvals picked up in March but broad money growth was at its lowest level for a decade, according to Bank of England data. M4 rose 0.1% on the month in March to stand up 3.5% on ...

Norges Bank:Household Cred Standards Tightened Somewhat In Q1

Posted:

FRANKFURT (MNI) - Credit standards for households in Norway tightened somewhat in the first quarter of 2010 while easing for businesses, the Norges Bank reported Thursday in its Bank Lending Survey. There was also falling demand for household credit in ...

EUR/GBP: Witnessing Some Short Covering

Posted:

EUR/GBP is currently trading around the highs (0.8694) of the day with traders saying a little short covering taking place before tonight's (2nd) political debate - how American! Other traders say GBP/USD buyers were put off by talk of sovereign selling interest above 1.5470 which has since eased back to 1.5430 ...

EZ April Flash Composite PMI 57.3; f’cast 56.1

Posted:

BA/ML’s Levy, Barclays Maki, MS’ Greenlaw Differ On Fed

Posted:

--Barclays Maki: Is the New Natural Unemployment Rate at 7%? --MS Greenlaw: Cant Say Fed Won't Hike Until Jobless Rate Below 9% --BA/ML's Levy: Fed Should Be Proactive In Removing Accommodation --Market News International Hosts Panel of Fedwatchers By Sheila Mullan NEW YORK (MNI) - David Greenlaw, Morgan Stanley chief ...

Do you get the feeling data is irrelevant in the current environment?

Posted:

As Sean mentioned earlier there is a truckload of data releases scheduled in Europe today. German PMI was just out at 61.3 better than expected. The market didn't blink with Greece holding more sway at the moment. Reuters are already putting headlines out that the German/Greek 5-yr bond spread has ...

ECB: E47.937 Bln Covered Bond Purchases Settled Apr 21

Posted:

FRANKFURT (MNI) - The European Central Bank said Thursday that a total of E47.937 billion Eurosystem covered bond purchases had settled as of April 21. As of April 20, settled acquisitions had totaled E47.583 billion, the ECB said Wednesday. The ...

USD/CNY: Where there is smoke, there is fire

Posted:

China has surprisingly gone quiet on Yuan appreciation talk this week but selling pressure through both the onshore and offshore forwards is starting to intensify. This may be just due to the upcoming G20 meeting but some very good judges say they are ready to go. We might not see ...

GBP/USD: In Focus this Morning

Posted:

The heavy EUR/GBP selling this week appears to be making an impact on GBP/USD. The topside in GBP/USD this morning appears to be in play with stops the main driver. The first batch have been done above 1.5450 driving the pair to an intraday high of 1.5476 but traders in ...

Trying to Stage a Recovery of Sorts

Posted:

It was very much a risk off morning in Asia but by Tokyo lunch the mood started to change. The Nikkei down 2.0% started to recover with dealers reporting that Japanese names started putting in bids at 134.00 in EUR/JPY. The recover since has been modest with GBP/USD leading the ...

Germany FinMin:1Q Fed’l Rev -11.1% Y/Y,Expenditures +4.9% Y/Y

Posted:

BERLIN (MNI) - German federal revenue in the first quarter of the year is markedly below the full-year trend, yet expenditures are also trending way below it, according to data released by the Finance Ministry on Thursday in its latest monthly report. ...

Japan Mar Supermarket Sales -6.6% Y/Y, Down 16 Months In Row

Posted:

TOKYO (MNI) - Sales at supermarkets in Japan open for at least a year fell 6.6% in March from a year earlier to Y976.1 billion as consumers remained frugal amid flat wages and a slow recovery in job creation, an industry group said on Thursday. ...