Your forexlive.com ENewsletter |  |
- ForexLive N.American Wrap: Week ends with a whimper
- Italy’s Berlusconi confident would have more than 50% support if elections were held soon
- EUR/USD regains a little lost ground on short covering
- Japan PM Kan to postpone meeting with BOJ Governor Shirakawa – JIJI
- US stocks extend losses
- USD/JPY gently ticks higher
- Lawsuit against Madoff-related Feeder Fund Survives
- ECRI US leading economic index falls to 120.8 in August 13 wk
- Next Wk/US: 2nd US GDP Estimate, Housing Data In the Spotlight
- US API Text:Slowing US Recov Reflected In July Gasoline Demand
- Mexico central bank leaves benchmark interest rate unchanged at 4.5%
- Bonds, stocks can’t both be right
- Jobs crisis grows as Greece falters
- Belgian consumer sentiment rises to -4 in August vs -7 in July
- EU Commission: Greece on track to reach 2010 deficit target if it sticks to already made commitment to keep spending 4 bln euros below plan
- Ruling Labor party set for narrow Australia election victory on Saturday – New Poll
- Weber says ECB should plot out exit in first quarter
- AUD/USD lower but bounces from noted technical level
- France’s Sarkozy’s Office: Will meet or beat 2010 1.4% economic growth target
- EUR/USD opens appreciably lower after lively European session
| ForexLive N.American Wrap: Week ends with a whimper Posted: Ruling Labor party set for narrow Australian election victory on Saturday - Latest poll ECRI US leading economic index fell to 120.8 in Aug 13 wk from revised 122.0 prior week US July oil demand up 3.8% or 701,000 bpd from year ago Mexico central bank leaves benchmark interest rate unchanged at 4.5% Sarkozy's ...    |
| Italy’s Berlusconi confident would have more than 50% support if elections were held soon Posted: Italy without Berlusconi at the helm doesn't seem right some how. But then I don't live there, unfortunately. Maybe I should move to Florence. What a cool place that is. Berlusconi says if confidence motion defeated in parliament, expects election by December  |
| EUR/USD regains a little lost ground on short covering Posted: We're back above 1.27, presently at 1.2705. The fact that EUR/USD didn't move lower when US stocks saw accelerated losses, prompted some EUR/USD shorts to book profits. I guess the euro bears are also going to be a smidgeon wary of running into renewed Asian sovereign buying interest when Asia opens Monday. Just ...  |
| Japan PM Kan to postpone meeting with BOJ Governor Shirakawa – JIJI Posted: There had been talk the PM was to meet with the BOJ Governor next week. Infact recent talk was of a meeting Monday.  |
| Posted: S&P down 1%. But EUR/USD extremely steady in comatose trade, presently at 1.2680. Seems as though some shorts happy to book a few profits. Or maybe everyone's just fallen asleep. It's Friday, it's 5 o'clock. it's Crackerjack. It's five o'clock somewhere. What a jolly good idea. UPDATE: There you go. The give away was EUR/USD ...  |
| Posted: USD/JPY up at 85.78, catching a bit of a bid as we head into the weekend. Caution surrounding possible Japanese stimulus measures is helping to underpin the pairing. And we haven't got any US economic data today to drive US yields lower. Yesterday was getting reports of sell orders clustered up at 85.80/00 ...  |
| Lawsuit against Madoff-related Feeder Fund Survives Posted: A federal judge refused to dismiss an investor lawsuit against Fairfield Greenwich Group, a hedge fund firm accused of channeling money to the Madoff's Ponzi scheme. U.S. District Judge Victor Marrero in Manhattan allowed most of the claims to stand against Fairfield and other firms that provided administrative, custodial and accounting ...  |
| ECRI US leading economic index falls to 120.8 in August 13 wk Posted: From revised 122.0 previous week. EUR/USD sits at 1.2682, doing little. Traders moaning about lack of flows. Normally Ill pick up where orders clustered. Today, nada.  |
| Next Wk/US: 2nd US GDP Estimate, Housing Data In the Spotlight Posted: By Theresa Sheehan PRINCETON (SMRA) - The week ahead has a steady stream of data releases, but the overall sense of the week is a slow one, with little data that is pertinent to the upcoming employment report. Federal Reserve officials will largely be out of ...  |
| US API Text:Slowing US Recov Reflected In July Gasoline Demand Posted: WASHINGTON (MNI) - The following is the text of the summary of the American Petroleum Institute's monthly report on domestic petroleum deliveries, gasoline deliveries and crude oil production for July released Friday: July's total petroleum demand, as measured by domestic deliveries, ...  |
| Mexico central bank leaves benchmark interest rate unchanged at 4.5% Posted: Bank says manufacturing output could moderate due to US outlook Private domestic demand starting to show favourable trend Inflation likely to rise toward end of year Inflation in Q3 likely to remain beneath central bank forecast Takes me back to when I used to work for a subscription service and started coverage of the ...  |
| Bonds, stocks can’t both be right Posted: WSJ The Source.  |
| Jobs crisis grows as Greece falters Posted: WSJ article. EUR/USD languishes close to session low, presently at 1.2683 having been as low as 1.2678. US stocks slipping lower in early trade, S&P off around 0.75%  |
| Belgian consumer sentiment rises to -4 in August vs -7 in July Posted:  |
| Posted: Greek expenditure was already 5.6 bln euros below plan in H1 Not requesting Greek spending cuts this year beyond those already pledged  |
| Ruling Labor party set for narrow Australia election victory on Saturday – New Poll Posted: New poll by Sydney Morning Herald and The Age newspapers suggests Australia's Labor government is set for a narrow victory on Saturday. Nielsen poll to be published Saturday has Labour on 52%, the opposition on 48%.  |
| Weber says ECB should plot out exit in first quarter Posted: Part of the EUR/USD sell off due to "Weber's comments suggested the ECB will support the region's banks for longer than some investors expected." Bloomberg article.  |
| AUD/USD lower but bounces from noted technical level Posted: Down at .8880 from North American close Thursday up around .8915. Interesting to see where the pairing bottomed out earlier, namely .8843. I'm reliably informed .8840 is the 100 dma. Could well be further sell stops placed not far below said level, although I haven't got confirmation of such as ...  |
| France’s Sarkozy’s Office: Will meet or beat 2010 1.4% economic growth target Posted: Economic conditions suggest 2011 economic growth will be 2% Public spending cuts must have priority in deficit reduction There will be no increases to corporate, income or VAT taxes 10 bln euros of tax breaks to be eliminated in the Autumn  |
| EUR/USD opens appreciably lower after lively European session Posted: EUR/USD down at 1.2710 from a North American close Thursday up around 1.2820, having been as low as 1.2686 in active European trade. The sell off accelerated when well-noted stops through 1.2735 were finally tripped. There are reports the Swiss Nationa Bank was a notable seller of EUR/USD today. Real money, proprietary purchases below ...  |
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