Forex technikal and fundamental analysis: Your forexlive.com ENewsletter

Sep 1, 2010

Your forexlive.com ENewsletter

UK August manufacturing PMI 54.3
Euro zone August final manufacturing PMI 55.1
EUR/USD extends rally in orderly trade
EUR/CHF rumour
Decent EUR/USD demand surfaces at 08:00 GMT fix
German August final manufacturing PMI 58.2
French August final manufacturing PMI rises to 55.1
Italian August manufacturing PMI 52.8
USD/JPY slips lower
Swiss PMI for August 61.4
EUR/USD slips back
Spain August manufacturing PMI 51.2
EUR/USD ticks higher; sell orders, stops noted
More good news from China
Cable ticks higher in early European trade
Analysis: Germany July Retail Sales Unexpectedly Fall Further
Stoxx Europe 50 futures rise 0.6%
German July retail sales weaker than expected
Currency trading growth slowed amid crisis, BIS says
Japan Aug New Vehicle Sales +46.7% Y/Y Vs July +15.0%

Posted:

Much lower than median forecast of 57.0. Lowest read since last November. Cable down at 1.5360, EUR/GBP up at .8287. But I thought everything was going so well. Yer right. Reality starting to bite.

Euro zone August final manufacturing PMI 55.1

Posted:

Fractionally firmer from 55.0 flash estimate but down from 56.7 in July and lowest read since February.

EUR/USD extends rally in orderly trade

Posted:

EUR/USD has hit 1.2738 session high, presently at 1.2735. I earlier mentioned stops above 1.2750. I'm now hearing however that there are real money sell orders lined up 1.2750/70. This would suggest we'll not be seeing spike rally through 1.2750. Additional gains likely to be more a grind. Also talk of large ...

EUR/CHF rumour

Posted:

I'd put this one in the "hard to believe" category, but just to let you know. Talk a major Swiss commerical bank has been asking their clients to take back shorts in EUR/CHF. Sounds like a load of old cobblers to me. A source infact tells me, that only yesterday said bank was opining that ...

Decent EUR/USD demand surfaces at 08:00 GMT fix

Posted:

We've been as high as 1.2735, presently at 1.2730.

German August final manufacturing PMI 58.2

Posted:

Unchanged from flash estimate. Down from 61.2 in July and lowest read since February.

French August final manufacturing PMI rises to 55.1

Posted:

From flash 54.7 and 53.9 in July. So much for my trend.

Italian August manufacturing PMI 52.8

Posted:

Down from 54.4 in July and worse than median forecast of 55.0. Lowest read since February. I think I'm spotting a bit of a trend with these European PMI's.

USD/JPY slips lower

Posted:

Presently at 84.15 from early 84.35. Talk of sell orders clustered 84.50/60 and more at .8480/00. Buy orders? Not hearing dick.

Swiss PMI for August 61.4

Posted:

Demonstrably weaker than median forecast of 66.0.

EUR/USD slips back

Posted:

Presently at 1.2707. Sources report two French banks notable sellers. Interesting. Maybe they're executing sizeable order.

Spain August manufacturing PMI 51.2

Posted:

Very slightly better than median forecast of 51.0, but still down from July's 51.6.

EUR/USD ticks higher; sell orders, stops noted

Posted:

Been up to session high 1.2726 so far, presently at 1.2720. China car data gave pairing further little boost. As aforementioned, sell orders now seen clustered 1.2730/50. And having scoured the corners of the universe I can now confirm buy stops noted above 1.2750. Well I'm exaggerating a smidgeon there. ...

More good news from China

Posted:

China's passenger car sales rose 59.3% y/y in August, a marked improvement from the 15.4% y/y rise seen in July.

Cable ticks higher in early European trade

Posted:

Tacked on about 20/25 pips, presently at 1.5410. The move comes against a backdrop of generally improved risk sentiment. Talk sell orders gathered up at 1.5415/25. That's the first hurdle for cable bulls to overcome.

Analysis: Germany July Retail Sales Unexpectedly Fall Further

Posted:

Seasonally adjusted real sales: July: -0.3% m/m, +0.8% y/y MNI survey median: +0.5% m/m MNI survey range: -0.2% to +1.4% m/m June: -0.3% m/m, +4.7% y/y -- ...