Aug 20, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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10-year Gilt yields fall to 17-month low

Posted:

Sterling has gotten a slight lift in the last few minutes after the 10-year yield fell below 2.99%. This is a positive for GBP sentiment. Cable remains heavy but EUR/GBP has fallen back to .8230 from its session high at .8246.

Major levels to watch in EUR/USD and Cable

Posted:

EUR/USD has significant technical support at 1.2735 and I suspect that there will be a lot of stop-loss sell orders parked just below there Cable has seen a lot of buying by Sovereign names around the 200-day MA which is at 1.5481 today. Once again we can expect to see lots ...

EU Commission: Fears Of Greece Debt Restructuring Unfounded

Posted:

--Report Says Markets Overestimating Risk Of Greek Default BRUSSELS (MNI) - Fears that Greece will have to restructure its debt are unfounded and the market is overestimating the risk, the European Commission said Friday. Greece's budget deficit was almost 14% of ...

JPY crosses take a turn to the left on risk-off Friday

Posted:

European shares are not falling as hard as the Japanese market which fell almost 2% but they are around 0.25% lower in early trade and the JPY crosses are looking soggy. There was some talk earlier today of Kampo buying EUR/JPY at 109.00 but I have seen or read no confirmation ...

ECB’s Honohan: FX Rates Not Key Concern of Monetary Policy

Posted:

TOKYO (MNI) - Foreign exchange rates are "not a central concern" for monetary policy-making, European Central Bank Governing Council member and Central Bank of Ireland Governor Patrick Honohan said on Friday. He also told reporters here that the weak euro ...

Germany Seeks Bids On E4 Bln New 12-Mon Bubills; Sale Aug 23

Posted:

FRANKFURT (MNI) - The German federal government is seeking bids for a E4 billion sale of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 0900 GMT on Monday, August 23. The announcement of the auction results will ...

USD/CHF: Talk of large stops below the market

Posted:

I heard some interbank chatter this morning regarding large stop-loss sell orders below 1.0220. As I said then, I don't get this whole CHF buying thing, I just report on it.

EU Commission Highlights Risks Ahead For Greece, Lacking Data

Posted:

--Says Govt Should Be Ready To Act If Targets Not Met BRUSSELS (MNI) - The European Commission on Friday spelled out the risks facing Greece as it implements strict austerity measures and said the government should be ready to take more action if needed. ...

USD/JPY: Snore-fest won’t last

Posted:

In my experience these types of lulls are often followed by fairly large moves. With the pair in such a strong downtrend and the 100-day and 200-day MAs having undergone a negative cross, the signs would seem to be pointing to more downside. If USD/JPY breaks below 84.50 late on ...

EUR/GBP back towards resistance levels

Posted:

Yesterday's high was at .8249, which is more or less where the neckline of the .8282 double-top sits. That seems like a good reason to me to try a quick short play and see if .8250 holds again.

Well that’s me for the week…

Posted:

Thanks for your company, I am afraid we have had a few dreary sessions on my watch this week. Sean will be here in a few minutes. Trade well and see you next time my services are required

Early Europe eyeing the support levels

Posted:

Eur has been sold a couple of times below 1.2800 and Cable has traded down to 1.5543; At the moment I am not convinced the momentum is there to carry on and the pairs have corrected a small amount so far Think we need a catalyst to test the resolve; meantime ...

Current Bourse Update

Posted:

Nikkei closing down 1.93%, Hang Seng down 0.70%, Shanghai Composite down 1.27%,  Kospi  closing down 0.23%,  AllOrds down 1.0%

Greeks earn their way to the next installment…loan-wise

Posted:

AEP's latest on the Greece scenario, from the UK Telegraph; not really new news but it's a day with a distinct lack of anything new to jump on !

Fresh US recovery fears hit risky assets

Posted:

This is an overview of yesterday's markets from the Financial Times for those who can't access it

Post lunch Nikkei falls to 2% down, crosses follow

Posted:

AUD, AUD/JPY and EUR/JPY all popped doen th threaten earlier day lows

ForexLive Asian Session Wrap – No news, no flows of substance and little interest

Posted:

US Markets: Stocks and Oil fall, Treasuries gain - a Bloomberg review of the preceding session; the Asian market was destined for quiet things China Broadens Scope for Foreign Investors – State Council The overnight market left us near key support levels; it was only a matter of time for the Japanese ...

Japan Econ Minister Arai’s turn…

Posted:

Yen's rise posing downside risk to economy cannot rule out the possibility of the economy entering a lull will co-operate with BOJ in supporting the economy Yen's rise seems a little too rapid

RBA Deputy Governor Battelino……via Reuters’ wires

Posted:

expects strong growth at home in the next couple of years disciplined policies neede to keep inflation in check economy operating close to capacity; needs productivity improvement to sustain growth sees steady underlying inflation for a year or so but must be alert to inflation risks business investment growth to outweigh cuts in government ...

FinMin Noda – Can’t say when government would compile stimulus measures

Posted:

don't think Japan economy is in a lull economic recovery is continuing but the pace has slowed don't know when PM Kan and Shirakawa will meet - seems no-one does must look at economy to decide if new bond issuance is needed for any stimulus measures watching the currency market with 'utmost interest' won't comment on ...
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