Apr 27, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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We got it surrounded…..

Posted:

EUR/USD sits at 1.3360.  Talk of buy orders including ACB interest at 1.3330/50.  On the flip side, sell orders lined up 1.3370/80.  Talk German name has been strong seller of EUR/USD this morning. Cable having ralie back to 1.5400 area has run into another wave of selling pressure and is currently ...

ECB Papademos: Looks To Strengthen Growth And Stability Pact

Posted:

FRANKFURT (MNI) - The Eurozone has come to the end of its banking crisis, but further challenges remain, including improving economic surveillance and strengthening the Growth and Stability Pact, European Central Bank Vice-President Lucas Papademos said before Parliament. "I would ...

German Coalition Member: At Present Would Say No To Greece Aid

Posted:

BERLIN (MNI) - A senior member of German Chancellor Angela Merkel's CDU/CSU-FDP government coalition said in a radio interview Tuesday that at present he intends to oppose financial aid to Greece. Germany will help Greece only if the euro is ...

UK March Mortgage Approvals Rise 4.6% On Month – BBA

Posted:

--UK BBA: Mar sa Mortgage Approvals 34,905 vs 33,360 Feb --UK BBA: Mar sa Remortgage Approvals 24,116 vs 22,314 Feb --Approvals Come In Well Below MNI Median Fcast For 38,000 LONDON (MNI) - UK mortgage approvals rose 4.6% on the month in March, climbing to a seasonally ...

UK Election Daily: Polls Show Tories Maintaining Narrow Lead

Posted:

--Three New Polls Show LibDems Hanging On To 2nd Place --Labour Continues To Languish In Third Place ...

EUR/USD extends sell-off, but ACB interest being noted

Posted:

EUR/USD is down at 1.3350, just above session low 1.3347.  There is talk however of buy orders, including Asian central bank interest, now lined up at 1.3330/50.  The reports of ACB interest aren't overly surprising given heavy intervention by South Korea overnight to try and arrest won's burgeoning strength.  They're said ...

Cable trying to steady

Posted:

Cable is trying to steady after a fairly heavy sell-off.  We're presently at 1.5385 from session low 1.5375.  Source earlier noted buy orders lined up at 1.5360/80.  Cable hasn't been helped by generally heightened risk aversion, european stocks following their Asian counterparts lower with oil, gold trading easier etc etc. Reports ...

ECB Text: Statement By VP Papademos To European Parliament-2

Posted:

FRANKFURT (MNI) - The following is the second part of a verbatim text of ECB Vice President Lucas Papademos's opening statement to the European Parliament's committee on Economic and Monetary Affairs: Let me now to turn to fiscal policies. ...

Talk Kampo on the bid at 93.70 in USD/JPY

Posted:

We''re presently at .93.80.

ECB Text: Statement By VP Papademos To European Parliament-1

Posted:

FRANKFURT (MNI) - The following is the first part of verbatim text of ECB Vice President Lucas Papademos's opening statement to the European Parliament's committee on Economic and Monetary Affairs: Dear Madam Chair, Dear honourable Members of the Committee on Economic ...

Italian April consumer confidence better than expected

Posted:

Has come in at 107.9, up from 106.3 in March, and better than median forecast of 106.60.

Cable extends sell off, stops tripped. EUR/GBP rallies

Posted:

Cable has extended sell off despite Middle Eastern sovereign buying up around 1.5425/35.  Stops have been tripped through 1.5410 accelerating decline and we're presently down at 1.5395.  The move comes as EUR/GBP rallies. Yesterday defence of .8600 barrier option interest  provided robust support and we're up at .8680 from early .8655. There is now ...

ECB: E48.912 Bln Covered Bond Purchases Settled Apr 26

Posted:

FRANKFURT (MNI) - The European Central Bank said Tuesday that a total of E48.912 billion Eurosystem covered bond purchases had settled as of April 26. As of April 25, settled acquisitions had totaled E48.546 billion, the ECB said Monday. The ...

Greek/German 10-year government bond yield spread widens to 687 bps

Posted:

New 12 year high.

French grain farmers invade Paris…..

Posted:

Some 5,000 French grain farmers, many on tractors, have taken to the streets of Paris.  They're demanding urgent government action to boost prices to counter sharp falls in income in past two years.

French April consumer confidence worse than expected

Posted:

Has come in at -37, down from -34 in March and worse than median forecast of -33.  Not hurting EUR/USD though, which has extended recovery to 1.3375 at writing.

Mutterings……..

Posted:

Possible Kampo interest to buy USD/JPY.  We sit presently at 93.83.

German FDP budget expert says NO to Greek aid still possible if conditions are not met – Radio

Posted:

And so it goes............

SKorea buys estimated $1.5 bln in fx market Tuesday to curb won’s strength – traders

Posted:

Chunky.  And some it's going to get diversified into euros.  EUR/USD up at 1.3371 from session low 1.3358.

Talk Middle Eastern sovereign buys cable

Posted:

Cable under a little pressure this morning. Presently down at 1.5435 from early 1.5450.  Talk Middle Eastern sovereign has been buying in recent trade. So far sell orders up at 1.5490/00 have managed to cap cable rally attempts.  Talk of buy stops gathered up around 1.5505. Data due today: 08:30 GMT;  UK ...
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