Your forexlive.com ENewsletter |  |
- ECB Nowotny Opposes Attempts To Make EFSF Permanent: Press
- Gold, Gold, Gold
- Rpt: UK MPC Sentance: UK Should Look To Raise Rates Soon
- AUD/USD May be Getting a Little Ahead of Itself
- UK MPC Hawk Sentence: UK Should Look To Raise Rates Soon
- ECB Tumpel-Gugerell: ECB Will Work To Further Improve FinStab
- Majors Bouncing a Little
- ECB Trichet: ESRB Will In No Way Alter The Mandate Of The ECB
- USD/JPY Looking a Little Sick
- CHF crosses the only movers
- EUR/USD order board
- Japanese PM orders extra budget to help economy
- USD/CHF: Large expiry on Thursday at 1.0000
- Germany FinMin Backs New EU Sanctions for Debt Violators: FT
- China vice-commerce minister: US move on Yuan redundant
- ForexLive Asian market wrap: JPY gains slightly on month-end flows
- Sideways trading continues
- China economy: Industrial profits +55% YoY
- Around the markets: stocks make strong gains
- EUR/USD order board
| ECB Nowotny Opposes Attempts To Make EFSF Permanent: Press Posted: BERLIN (MNI) - ECB Governing Council member Ewald Nowotny opposes any attempt to make the European Financial Stability Facility (EFSF) permanent, he told German weekly Wirtschaftswoche in an interview published Monday. The E440 billion EFSF was created earlier this year ...    |
| Posted: More accustomed to hearing those words at the Olympic Games but the FT story saying that European central banks have halted gold sales after a decade is hardly surprising. Whether this is the sign you get from the Taxi driver when we are at the top of the market remains ...  |
| Rpt: UK MPC Sentance: UK Should Look To Raise Rates Soon Posted: ...  |
| AUD/USD May be Getting a Little Ahead of Itself Posted: Whilst AUD/USD remains as strong as twelve men, interest rate hike talk may be a little overdone. The market is now building in a 64% chance of a rate hike next week from less than a 10% chance a week ago. It seems the market is forgetting that CPI is ...  |
| UK MPC Hawk Sentence: UK Should Look To Raise Rates Soon Posted: LONDON (MNI) - Interest rates in the U.K. should rise soon, although at a gradual pace, a leading Bank of England policymaker said in an interview published late last week. Speaking to the Grantham Journal, Andrew Sentence said: "We should be thinking to ...  |
| ECB Tumpel-Gugerell: ECB Will Work To Further Improve FinStab Posted: FRANKFURT (MNI) - The European Central Bank will be actively involved in addressing the remaining challenges to improve financial stability, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Monday. The central bank will "will continue to play an active role in safeguarding financial ...  |
| Posted: USD/JPY is back above 84.20 on the Shirakawa comments (not sure that he actually said anything useful) whilst D/FinMin Sakurai "washed his hands" of questioning saying the BOJ knows what it is doing - OH REALLY. Elsewhere GBP/USD is a little heavy finding it hard to get away from its 1.5806 ...  |
| ECB Trichet: ESRB Will In No Way Alter The Mandate Of The ECB Posted: FRANKFURT (MNI) - The newly-created European Systemic Risk Board, which is to begin operations in January, will not change the mandate of the European Central Bank in any way, even though the central bank is entrusted with the responsibility of overseeing it, ECB President Jean-Claude ...  |
| Posted: The post mortem of Fridays suspected round of BOJ intervention is now being regarded as a spoof byTokyo banks which worked to great effect back in 2004 when the BOJ previously intervened. USD/JPY has matched its Friday low of 84.12 this morning but there has been no bounce. A break ...  |
| Posted: GBP/CHF and AUD/CHF are moving slowly higher in early trade and the CHF crosses are the only pairs that are moving in early trade. Have a good evening and I'll catch you again tomorrow. Good luck out there.  |
| Posted: Light bids 1.3435, stops directly below More bids 1.3400-10, again with stop-loss sell orders directly below Solid bids reported around 1.3350 including Asian Central Banks Option barrier at 1.3500  |
| Japanese PM orders extra budget to help economy Posted: EconMin Kaieda says a new bond issuance is one option for funding the new budget spending He thinks BOJ can do more to stimulate the economy Government and BOJ need to work together to fight rising Yen Revision in BOJ law not immediately needed (Across Reuters newswires)  |
| USD/CHF: Large expiry on Thursday at 1.0000 Posted: I'm told that there is a sizeable option expiry in USD/CHF on Thursday of this week with a strike at 1.00. The market can tend to gravitate towards these levels if there are no other major factors at play in the market. Gerry will be starting a little later today but ...  |
| Germany FinMin Backs New EU Sanctions for Debt Violators: FT Posted: FRANKFURT (MNI) - Germany's Finance Minister Wolfgang Schaeuble "chiefly supports" proposals by the European Commission for new sanctions to keep EU member states' debt levels under control, the Financial Times reported on Monday. In a letter obtained by the business ...  |
| China vice-commerce minister: US move on Yuan redundant Posted: Higher Yuan will impact on Chinese exporters Exports will recover in long run Chinese authorities fixed the Yuan at a provocatively weak level today despite the USD/CNY market trading at 17 year lows. This allied with the very strong industrial profits figures out of China would seem to suggest that the odds ...  |
| ForexLive Asian market wrap: JPY gains slightly on month-end flows Posted: Fiscal half-year end in Japan has seen exporters active in hedging plays Latest Japanese trade surplus much lower than expected as strong JPY weighs Japan's CSPI posts 23rd consecutive monthly drop Japan's 3rd biggest consumer lender may be headed into bankruptcy UK Hometrack house prices -0.4% MoM IMF sees German GDP growth at +3.3% in ...  |
| Posted: It's been a very quiet few hours with all of the majors trading in tight 10 pip ranges. European trade should be getting under way in the next hour or so. EUR/USD is still being capped by an option barrier at 1.3500 and USD/CHF has been experiencing some light profit taking since midway ...  |
| China economy: Industrial profits +55% YoY Posted: The latest data on Chinese industrial profits for the period January to August show a strong increase on last year, 55%. I'm sure the US congress committee will note these figures with interest.  |
| Around the markets: stocks make strong gains Posted: The Nikkei is +1.25% despite the problems for Takefuji, Shanghai has opened +0.4% after the long holiday last week, and Sydney is leading the way highr, now +1.4%. Gold is steady at $1297/oz. The FX market has been very uninspiring with any risk-trade JPY-selling being more than offset by end-of-month, end-of-half-year, JPY-buying.  |
| Posted: Light bids 1.3435, stops directly below More bids 1.3400-10, again with stop-loss sell orders directly below Solid bids reported around 1.3350 including Asian Central Banks  |
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