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- ForexLive US wrap-up: Market prepares for Eurogroup meeting Sunday
- EUR shorts hit new record, 89,000 contracts
- More bad news for Goldman Sachs
- US yields tumbling in thin trade; USD/JPY vulnerable
- Stocks pare losses, euro too
- You asked for it, you got it
- US stocks getting croaked; risk aversion rising
- US Budget Recap:Obama Says’Everything On The Table’For Def Fix
- Summers: US’s glass half-full
- Fed Amends Reg D to Let Banks Earn Int on Term Deps at Fed-2-
- Fed Amends Reg D to Let Banks Earn Int on Term Deps at Fed
- Bids seen at 1.3230/50;stops below
- Reuters: More than half of Greeks polled will protest austerity
- Battle of the titans: “Other” US investment bank buying USD/JPY
- EUR/USD recovering lost gound after Eurogroup meeting confirmed
- Text:Ny Fed Posts Reverse Repo Progrm Form Master Repo Agrmnt
- Finance ministers to meet in Brussels Sunday afternoon
- EUR/USD falls after fixing
- Fixing flows convoluted
- You’d never know it from the price action…
| ForexLive US wrap-up: Market prepares for Eurogroup meeting Sunday Posted: Eurogroup finance ministers to meet in Brussels Sunday afternoon to finalize details of Greek aid package US GDP rises 3.1% in Q1, consumer spending improves, inflation low Canadian GDP rises 0.3% m/m in Feb Chicago PMI rises to 63.1 in April from 60.5 in March University of Michigan consumer sentiment 72.2 in April from ...    |
| EUR shorts hit new record, 89,000 contracts Posted: Dollar longs across the currency futures complex hit their highest levels since August 2008, according to CFTC data. Details to follow.  |
| More bad news for Goldman Sachs Posted: Federal prosecutors in New York have launched a criminal investigation into Goldman's structuring and marketing of a collateralized debt obligation that cost investors $1 billion. For the time being, the criminal probe involves only the U.S. Attorney's Office in Manhattan, and not the Federal Bureau of Investigation or other federal ...  |
| US yields tumbling in thin trade; USD/JPY vulnerable Posted: USD/JPY has repeatedly found support on pullbacks to the 93.85 level in recent session. A late Friday afternoon stock swoon could make it a bit vulnerable though. Stops have to be piling up from short-term specs just below that level, it stands to reason. As stocks fall, US yields fall and ...  |
| Posted: EUR/USD has clawed its way back above the 1.3400 level and trades now toward 1.3310. The S&P has rallied about 0.5% off its lows 1192 in the cash and oil has bounced back, again above the $86.00. Look for more choppy, thin trade into the close with rallies capped by central ...  |
| Posted: Thanks to Ryan for the suggestion! For a coveted ForexLive tee shirt, guess the opening level of EUR/USD on Sunday afternoon/Monday morning in Asia. EBS will be official data source. Closest to the opening rate wins. UPDATE: Just to four decimal places, kids... No need to amend earlier entries... UPDATE 2: Entries close at ...  |
| US stocks getting croaked; risk aversion rising Posted: The S&P is down 15 points in early afternoon trade, helping prompt some risk aversion. AUD is the main victim, tumbling to session lows at 0.9255. Minor support is at 0.9240 and 0.9220 on further weakness.  |
| US Budget Recap:Obama Says’Everything On The Table’For Def Fix Posted: --President Instructs Deficit Panel To Consider All Options --Fed's Bernanke Says 'Significant Changes' Needed To Fiscal Policy --Republicans Focus On Spending Cuts, Dems Seek To Protect Key Programs By John Shaw WASHINGTON (MNI) - Whatever else may have been lacking in Washington this week, it wasn't words about the ...  |
| Posted: Obama economic adviser Larry Summers is on the wires with some fairly downbeat comments. Even by optimistic standards, there will be substantial unused capacity in the economy near-term. The economy has made progress but work to ensure a robust recovery is incomplete, he says. I feel better already...  |
| Fed Amends Reg D to Let Banks Earn Int on Term Deps at Fed-2- Posted: By Steven K. Beckner (MNI) - In its Federal Register notice, the Fed expounds on the TDF purpose and anticipated operations at considerable length. "Term deposits are intended to facilitate the conduct of monetary policy by providing a tool for managing ...  |
| Fed Amends Reg D to Let Banks Earn Int on Term Deps at Fed Posted: By Steven K. Beckner (MNI) - In preparation for eventual reserve draining operations to help withdraw monetary stimulus, the Federal Reserve Board moved Friday to create a new facility which would enable financial firms with reserve holdings at the Fed to convert those reserves into interest-earning ...  |
| Bids seen at 1.3230/50;stops below Posted: Looks like it is going to be a very thin, whippy month-end Friday afternoon. We've been chopping around in volatile fashion all morning and it doesn't look likely to settle down soon. Bids are seen in the 1.3230/50 area on dips near-term while stop-loss sell orders are eyed around 1.3225. A pretty ...  |
| Reuters: More than half of Greeks polled will protest austerity Posted: It won't do them much good, as the process is pretty much out of the control of Greek politicians and in the hands of the creditors. Another interesting nugget in the poll, only 28% of Greeks favor the return of the drachma, showing most have no idea what is going on, ...  |
| Battle of the titans: “Other” US investment bank buying USD/JPY Posted: USD/JPY was knocked down earlier in the session on big selling from a dastardly US investment bank. It is now being bough back up by the other big US investment bank left standing. We've bounced to the 94.20s from earlier lows at 93.86 ahead of the fixing. The fixing took ...  |
| EUR/USD recovering lost gound after Eurogroup meeting confirmed Posted: EUR/USD is on the mend, rebounding from 1.3255 lows after a volatile month-end fixing. Word that European finance ministers will meet on Sunday suggests to the market that the Greek bailout package will be finalized this weekend. 1.3315 offers are seen now on rallies with more toward 1.3340, where central banks are ...  |
| Text:Ny Fed Posts Reverse Repo Progrm Form Master Repo Agrmnt Posted: WASHINGTON (MNI) - The following is a text released Friday by the New York Federal Reserve: FRBNY Reverse Repurchase Program Form Master Repurchase Agreement (MRA) for Money Market Mutual Funds, including Applicable Annexes This agreement ...  |
| Finance ministers to meet in Brussels Sunday afternoon Posted: The eurogroup finance ministers will in fact meet at 14:00 GMT in Brussels on Sunday to announce details of the EU-IMF bailout and have a press conference after the meeting. The news should be a modest plus for the euro, though it is not entirely unexpected. EUR/USD trades at 1.3275.  |
| Posted: Looks like the market got itself a bit long ahead of the fixing amid earlier rumors of 4 yards of demand for month-end. Looks like they bought a wee bit more than that and now need to get back to square ahead of the weekend. EUR/USD triggered stops below the 1.3280 ...  |
| Posted: One minute the interbank brokers are looking for buy orders to offset their sell orders, the next minute the imbalance goes the other way. Could be a very sloppy month-end fixing. In USD/CAD, they are now see selling after having more buyers than sellers just minutes ago...  |
| You’d never know it from the price action… Posted: ...but dealers continue to note demand for AUD at the upcoming 15:00 GMT fixing. AUD dipped to 0.9080 a short while ago before rebound to the present 0.9300 level. Demand is rumored in USD/CAD as well. USD/JPY selling is rumored at the fixing, traders say.  |
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