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- ForexLive US wrap-up: Quiet consolidation
- Banks worry that Volcker Rule might become a Volcker Law
- AUD/USD heads into weekend well supported
- USD/CAD at lows; ACB bids at 1.0200
- In case you were wondering…
- TGIF
- Stocks edging into the red
- Analysis: FOMC Not Likely to Change Guidance at Mid-Yr -3
- Analysis: FOMC Not Likely to Change Guidance at Mid-Yr -2
- Analysis: FOMC Not Likely to Change Policy Guidance at Mid-Yr
- EUR can’t hold gains; support near 1.2360
- US to update currency report after G20- White House
- Correct:ECB Update:Bond Buying Effective;Welcome Stress Tests
- Correction: Gonzalez Paramo: ECB Won’t Aid Individual Banks
- US corporate sells into bounce
- Reuters “outs” Germans as source of Spanish rumors
- Next Wk/US: All Eyes On Two-Day FOMC Meeting
- US API Text: Lower May Gasoline Demand Reflects Sluggish Recov
- US API Text: Lower May Gasoline Demand Reflects Sluggish Econ
- ECB Update: Bond Buys Show Results; Welcome Bank Stress Tests
| ForexLive US wrap-up: Quiet consolidation Posted: Reuters: German officials spread rumors that Spain was set to tap rescue fund Zapatero: Not contemplating new austerity measures Strauss-Kahn: Worries about euro area growth White House: US to update currency report after G-20 meeting; to label China currency manipulator? US equities close up 0.1% at 1116 IMM offloads huge chuck of dollar longs, Euro ...    |
| Banks worry that Volcker Rule might become a Volcker Law Posted: Although, it is still unclear what role the Volcker rule will play in the final financial regulation bill, banks are beginning to face the idea that the Volcker rule might become the Volcker law. The Volcker rule, named after former Federal Reserve Chairman Paul Volcker, has been advocating an aggressive ...  |
| AUD/USD heads into weekend well supported Posted: Gold's extended rally into the weekend has the commodity currencies headed into the close in well-supported fashion. It looks like it will end the week within a quarter of its highs for the week as fears of a global double-dip recede a bit. European growth is less of a concern this ...  |
| USD/CAD at lows; ACB bids at 1.0200 Posted: USD/CAD has dipped to fresh lows for the move at 1.0214 but traders note very strong bids at 1.0200 and above from an Asian central bank. The bids are from a different bank than the panda-shaped one that has been accumulating CAD on rallies.  |
| Posted: Looks like even the algos are watching the World Cup...  |
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| Posted: At the halfway point of the US trading day, US equities are trading very slightly i the red, shedding modest early gains. EUR/USD is a shade softer as well, trading around 1.2360. Bids are seen in the 1.2350/55 regions with small stops seen on a break of 1.2350.  |
| Analysis: FOMC Not Likely to Change Guidance at Mid-Yr -3 Posted: By Steven K. Beckner On the other hand, Bullard said Monday in Tokyo that the European crisis has not affected the timing of Fed rate hikes, which he suggested are still some way off. Bullard went so far as to say ...  |
| Analysis: FOMC Not Likely to Change Guidance at Mid-Yr -2 Posted: By Steven K. Beckner Chicago Fed President Charles Evans said "we still need to experience a good deal of growth before we return to the more normal pace of economic activity and levels of unemployment that we enjoyed in late 2007." ...  |
| Analysis: FOMC Not Likely to Change Policy Guidance at Mid-Yr Posted: By Steven K. Beckner (MNI) - The Federal Reserve's mid-year Federal Open Market Committee meeting is nearly at hand, and while it can hardly be called a non-event, it is very unlikely to result in any movement away from the Fed's highly stimulative monetary policy. ...  |
| EUR can’t hold gains; support near 1.2360 Posted: EUR/USD's rally after the news that Berlin was the one who did Spain dirty in spreading rumors of an impending aid request from Spain has faltered and prices have ebbed to the lower end of the tight NY range. Small bids are seen toward 1.2355/60 but stops are eyed in ...  |
| US to update currency report after G20- White House Posted: Looks like the US will use the G20 summit to pressure China to allow the Yuan to strengthen despite efforts by China to preempt such actions. The White House says that the Treasury will update its semi-annual currency report after the G20 summit. Treasury postponed the report in April, hoping talks ...  |
| Correct:ECB Update:Bond Buying Effective;Welcome Stress Tests Posted: --Deletes Erroneous Comments on Eventual Systemic Support To Banks FRANKFURT (MNI) - The European Central Bank's government bond-buying program has produced results and not gone beyond the aim of restoring the transmission of monetary policy, ECB policy-makers said. Governing Council ...  |
| Correction: Gonzalez Paramo: ECB Won’t Aid Individual Banks Posted: MALAGA, Spain (MNI) - In a story that ran at 1023 GMT and was updated at 1223 GMT, Market News International erroneously reported that European Central Bank Executive Board member Jose Manuel Gonzalez Paramo had said the ECB would provide aid to the banking system ...  |
| US corporate sells into bounce Posted: EUR/USD rallied as high as 1.2395 on receding concerns that Spain will need an immediate bailout. Traders report that a US corporate was a strong seller into strength, sending the euro back down to 1.2385. Now that the US trails Slovenia 2-0, perhaps traders will turn back to the markets...  |
| Reuters “outs” Germans as source of Spanish rumors Posted: German officials planted rumors that Spain was set to take a bailout in order to get them to intensify austerity measures, Reuters reports. Now that they've been proven false (for the moment), the euro should find support... Make you wonder what's going through the German government's mind, however, a distinct euro negative. ...  |
| Next Wk/US: All Eyes On Two-Day FOMC Meeting Posted: By Theresa Sheehan PRINCETON (SMRA) - Although there is a variety of economic data over the course of the week-ahead, markets' attention will probably most focused on the Federal Open Market Committee meeting Tuesday and Wednesday. The two-day FOMC meeting in ...  |
| US API Text: Lower May Gasoline Demand Reflects Sluggish Recov Posted: WASHINGTON (MNI) - The following is the text of the summary of the monthly statistical report for FMay by the American Petroleum Institute Friday, on domestic petroleum deliveries, crude oil production as well as gasoline deliveries: ...  |
| US API Text: Lower May Gasoline Demand Reflects Sluggish Econ Posted: WASHINGTON (MNI) - The following is the text of the summary of the monthly statistical report for FMay by the American Petroleum Institute Friday, on domestic petroleum deliveries, crude oil production as well as gasoline deliveries: ...  |
| ECB Update: Bond Buys Show Results; Welcome Bank Stress Tests Posted: FRANKFURT (MNI) - The European Central Bank's government bond-buying program has produced results and not gone beyond the aim of restoring the transmission of monetary policy, ECB policy-makers said. Governing Council members also welcomed the decision by governments to release ...  |
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