Sep 15, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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BIS buys EUR/USD again

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Low 1.2960's.  Earlier major German player aggressive seller from around 1.2980.

A little bird just told me….

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USD/CAD buy stops gathered through 1.0320.  We're at 1.0309.   Little bird.....loonie......get it.  Oh don't bother.

Merkel: Have Reason To Be Optimistic On Germany’s Economy

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BERLIN (MNI) - German Chancellor Angela Merkel said Wednesday there is reason to be optimistic about the country's economy, but at the same time she cautioned that the global recovery is not yet fully entrenched. "We have reason to be ...

Greek FinMin: Markets know Greece on track, want to see it can stay course

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Greek FinMin Papaconstantinou on Reuters Insider Greece on target to hit deficit target this year Rules out default Any borrowing under 5% is useful Greek public understands well what is needed Will return to intl bond markets next year, no specific time Now designing "diaspora" bonds for Greeks abroad

UK Analysis: Claimant Unemployment Posts 1st Rise Since Jan

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--Aug claimant count unemployment +2,300; rate 4.5% --May-Jul ILO unemployment -8,000 q/q; rate 7.8% --Jul total weekly earnings +1.5% 3m y/y vs +1.1% in Jun --Jul regular weekly earnings +1.8% 3m y/y vs +1.6% in Jun LONDON (MNI) - Employment rose at a record pace in the ...

UK DATA: Aug claimant count unemployment +2,300;…..

Posted:

UK DATA: Aug claimant count unemployment +2,300; rate 4.5% --May-Jul ILO unemployment -8,000 q/q; rate 7.8% --Jul total weekly earnings +1.5% 3m y/y vs +1.1% in Jun --Jul regular weekly earnings +1.8% 3m y/y vs +1.6% in Jun ------------------------------------------------------------------------ The labour market data showed a very mixed picture of the labour market. Claimant ...

UK August jobless claims +2,300

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Worse than median forecast of -3k.  First rise since January. Claimant count rate 4.5%, as expected ILO unemployment rate 7.8%, as expected.

BOJ still buying

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We're at 85.40.

EUR/GBP lower on the day

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EUR/GBP trading lower today, down at .8360 from early .8380.  Talk of buy orders clustered down at .8350.

ITALY DATA: Final August HICP rose +0.2% m/m and…..

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ITALY DATA: Final August HICP rose +0.2% m/m and +1.8% y/y, confirming preliminary readings published by ISTAT at the end of August. -- The main domestic index (NIC) was confirmed at +0.2% m/m, +1.6% y/y. -- August core NIC inflation rose +1.6% m/m vs +1.7% gain in July. -- Net of Energy stabilized at ...

For those who look at AUD/JPY

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And like technicals. Being told we're closing in on 200 dma at 80.32.  We're presently at 80.20.

BOE Miles Sees Inflation Above Target For Many Months: Press

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LONDON (MNI) - Inflation in the United Kingdom is likely to remain "stubbornly high" in coming months before moving back towards target in 2011, a leading Bank of England policymaker said Wednesday. "I am particularly concerned about inflationary pressures, since ...

BOJ seen buying at 85.25

Posted:

Model funds jumping on the bandwagon, seen buying in recent trade as well.  We've been as high as 85.37 so far. More stops noted now through 85.75 (IMM related) UPDATE:  BOJ still buying.  We've been to 85.48 so far.  Talk Japanese bank offers at 85.50.  Said to be decent size.  Will they ...

BOE’s Miles: Inflation uncomfortably above target at present

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Particularly concerned about inflationary pressures Spare capacity should help keep inflation in check, but uncertain Cable shoots back above 1.5500 on comments hitting the wires. Some seeing them raising spectre of early UK rate hike. Personally, as I've said ad nauseum, don't see any rate hike in foreseeable future. Here's link to story. ...

BIS seen buying EUR/USD

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In recent trade. We're presently at 1.2982.

Reports BOJ intervening again

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On EBS. Not that we're much higher, presently at 85.10. Japanese exporter sell orders seen layered  85.20 thru 85.50.  Get out of the way!!!!  Talk of buy stops through 85.30.

BOJ has no plans to hold emergency meeting for now – Sources

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BOJ may ease monetary policy at its next rate review in October if downside risks heighten Those hoping for  fireworks in USD/JPY to continue into European trade have been disappointed so far. USD/JPY sits at 84.96, where it was when I came on shift close to three hours ago. Sources report Japanese exporters selling ...

France’s Lagarde: New EU Fiscal Rules Hitting Obstacles:Press

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FRANKFURT (MNI) - Proposals for new rules to impose fiscal discipline within the European Union are running into "very difficult" legal obstacles from various members and are proving tricky to agree on, French Finance Minister Christine Lagarde told the Financial Times in an interview published ...

China should “appropriately” increase bank deposit rates to counter mild inflation – C.Bank advisor Li

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BOJ’s Noda: Eyes making use of intervention funds to supply ample money

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BOJ will not directly link policy to forex intervention Do not think forex intervention will directly lead to increase in BOJ balance sheet Keeping in mind policy options, including expansion of current steps BOJ to continue to supply ample funds while keeping monetary policy easy Strongly hopes forex intervention will stabilise forex market BOJ to ...
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