Aug 9, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

EU August Sentix Investor Confidence + 8.5 !

Posted:

The highest level since December 2007 expected  +2.1  last -1.3 Significant improvement in investor view; the market doesn't want to know

One of those days when patience must reign…

Posted:

I recall Gerry commented on a couple of days last week when there was little going on. Cable has succumbed to the inevitable witha few speccy longs being stopped below 1.5950 with little happening elsewhere; usd/jpy and eur/jpy remain in the upper ranges for the day but there is little to ...

Gloomy outlook expected from Bank of England

Posted:

Mervyn King aka Merve the Swerve will be speaking over the next couple of days and The Bank of England is expected to give a gloomy assessment of Britain's short-term prospects this week, forecasting weak growth and high inflation This has been the case viewpoint-wise for a while and while they ...

Analysis: BoF Survey Signals Slower Activity At Start Of 3Q

Posted:

PARIS (MNI) - France's economic recovery is likely to lose a little momentum in 3Q, with only modest growth in industry, the Bank of France said Monday, projecting GDP growth of 0.3% on the quarter. Last month the central ...

Bank Of France …..

Posted:

Forecasts Q3 GDP Growth of + 0.3% Industry Sentiment Index 101 in July vs Upwardly revised 101 in June Services Sentiment Index 96 in July vs unrevised 97 in June Outlook for activity indicates an upswing over the coming months

Text Of The Bank Of France July Monthly Business Survey

Posted:

PARIS (MNI) - The following is the text of the overview of the Bank of France's July monthly business survey: The business sentiment indicator in industry* stood at 101 in July, as in June. The ...

Japan July Watchers Index 49.8 Vs June 47.5, 1st Rise In 3 Mo

Posted:

-- Japan July Watchers' Forward-Looking Index 46.6 Vs June 48.3 -- Japan Watchers' Outlook Index Down For 3rd Month In Row -- Japan Govt Repeats: Econ ...

Another approach to 1.6000 for cable in early Europe

Posted:

and 1.5996 still the high; London will no doubt push it again in 45/50 minutes or so but the interest to protect the barrier seems strong so far Don't know who the seller is but if it's aggressive the likely contender must be the Panda - if it goes then watch ...

German June Trade Balance Seas Adj Eur 12.3bn

Posted:

Eur 12.4bn was expected vs Eur 10.6bn in May ( Reuters concensus was 12.5) June seas adj exports + 3.8% M/M; Seas adj imports +1.9% June seas unadjusted exports +28.5 % Y/Y; seas unadjusted imports +  31.7 % June Current Acc Surplus Eur 12.9bn vs revised Eur 1.8bn in May

Goldman Sachs Cuts Forecasts for Japan, U.S. on Waning Stimulus, Exports

Posted:

via Bloomberg

Japan July Economy Watchers’ Survey Service Workers Index up at 49.8

Posted:

Expected was 48.00 and last was 47.5 in June

Latest on Japanese Corporate Bankruptcies

Posted:

July Corporate Bankruptcy Debt - 25.7% Y/Y at JPY 275.3bn July Corporate Bankruptcies - 7.1% M/M; Bankruptcy Debt -2.9 % M/M July Corporate Bankruptcies - 23% Y/Y at 1066 cases I cannot comment as I have not followed this...infor via Reuters/Tokyo Shoko Edit - just picked up that  this fell for a twelfth straight month ...

Now He’s Gone – we can talk about him !

Posted:

Yes Folks, for those that missed it...Sean Lee was the man who tried to con us all ( at sparrow time this morning !) that cable had gapped above 1.6100;  yes he has been outed for panicking us one and all ( including yours truly who - upon seeing 1.5970 ...

ForexLive Asian market wrap: Cable fails again at 1.6000

Posted:

BoJ policy board meeting starting today Japan's June current account balance much less than expected at JPY1 trillion Australian job ads +1.3% MoM Australian owner-occupied housing finance -3.9% MoM China net buyer of JPY508 billion in Japanese Bills but net seller of JPY50 billion in longer term JGBs Japanese buying of US Treasuries increases More verbal ...

Change in routine this week on ForexLive

Posted:

Jamie has jetted off somewhere exotic on a well-earned two-week vacation so Gerry will shift forward to cover the second half of the European shift plus some of the NY session and Dave Horton and I will share the rest of the duties. Judging by what's happened so far today, we ...

Around the markets: Nikkei -1.1%, other regionals slightly higher

Posted:

HK and Seoul are flat but Sydney is 0.35% higher and Shanghai is +0.6%. Gold is slightly higher at $1206/oz and oil is at $81/bbl.

Quick look at the order board

Posted:

Not much close by on the interbank order books which is why we are seeing virtually no movement whatsoever in the FX market. Cable: Heavy selling around 1.6000 with stop-loss buy orders above 1.6010 EUR/GBP: Talk of a good-sized offer at .8340 USD/JPY: Option protection ahead of 85.00; possible BoJ/Kampo bids 84.80 with heavy ...

Big jump in short USD speculative positions

Posted:

As Jamie reported on Friday, there has been a very big jump in speculative short USD positions over the last week, almost tripling from $5.7bln to $14.9bln.  We of course know how these things always end. Personally I'm waiting for the ideal opportunity to sell AUD/USD or buy USD/CHF.

US’s Dodd: Still ‘Confident’ About Diamond’s Nomination To Fed

Posted:

--Senate Defers Action On Fed Nominations Until September --Senate GOP Uses Procedural Tactic To Force Obama To Resubmit Diamond --Senate Banking Chief Calls Manuever 'Unfortunate' By John Shaw WASHINGTON (MNI) - When the Senate Banking voted several weeks ago to approve all three of President Obama's three ...

Australian economy: Job ads rise by 1.3% MoM

Posted:

Some minor data has had little effect on the AUD/USD which is still being quoted at .9175/80. Overall job ads were +1.3% and owner-occupied housing finance fell by 3.9%, almost twice as much as the -2% which had been expected.
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