Oct 14, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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For all you Cititech fans………

Posted:

Just been told they have squared up their long EUR/USD and short USD/CAD positions.  I'd forgotten they were long EUR/USD and didn't even know about the USD/CAD.  Got no other details.  Oh well, guess it's of interest to someone out there.

ECB: Inflation Expectations Remain Firmly In Line W/Target

Posted:

FRANKFURT (MNI) - The European Central Bank reiterated its expectation that inflation will hover around current levels over the next few months before moderating in 2011, and it reaffirmed that inflation expectations remained firmly anchored in line with the central bank's definition of price stability. ...

China fx regulator: Euro rise added $80 bln to China’s fx reserves in Q3

Posted:

China faces relatively big pressure of capital inflows Will further improve yuan formation mechanism to avoid hot-money inflows Challenge in managing inflationary expectations

ECB: Non-Standard Measures To Be Gradually Phased Out

Posted:

FRANKFURT (MNI) - The European Central Bank's non-standard monetary policy measures are "temporary in nature" and "will be gradually phased out in line with improvements in financial markets and economic activity," the ECB reiterated in its October Monthly Bulletin. The ...

EUR/USD trips stops

Posted:

Stops in EUR/USD been tripped through 1.4110 and we've been to 1.4116 so far.  Talk of Middle Eastern name selling USD/CHF aggressively.  Could well have been buying EUR/USD as well I guess. UPDATE:  Reports Middle Eastern entity sold around 1/2 a yard of USD/CHF.

Update: ECB Noyer:FX System Must Change; Pace Is The Question

Posted:

--Adds Comments On Global Recovery, French Deficit Cuts, Pension Reform PARIS (MNI) - World leaders agree that the global exchange rate system must change, and what is under discussion is the pace of that change, European Central Bank Governing Council member Christian Noyer said in ...

German exporters taking advantage of strong euro

Posted:

German exporters have been taking advantage of the strong euro. They've been notable sellers of the EUR/USD pairing this morning apparently. We're presently at 1.4087 having been as high as 1.4103.  Stops thru 1.4050 and 1.4110 respectively.

Japan FinMin: Confirmed at G7 that emerging countries, including China, should have flexible currencies

Posted:

Want to deepen debate on currency cooperation at future G7, G20 meetings

BOJ’s Shirakawa: Long-term rates have fallen after BOJ’s latest easing

Posted:

It usually takes 1-2 years for monetary policy to have effect Companies' borrowing costs have fallen after BOJ's latest easing

BIS sells EUR/USD

Posted:

Not sure exact levels, probably around 1.4100. We're presently at 1.4090.  Maybe they're just taking their profit. Talk smallish downside stops through 1.4050.

BOE’s Tucker: Global, domestic macroeconomy not on sure footing yet

Posted:

The commerical property market in many parts of the world still a source of risk

ECB Noyer: FX System Must Change; Pace Is The Question

Posted:

PARIS (MNI) - World leaders agree that the global exchange rate system must change, and what is under discussion is the pace of that change, European Central Bank Governing Council member Christian Noyer said in a radio interview Thursday. Noyer ...

Roubini sees 35-40% odds of U.S. double-dip recession

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Bloomberg article

Fed’s Lacker says making jobs an “imperative” risks inflation

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Bloomberg article

Stops noted in EUR/JPY

Posted:

Talk of stops through 114.75 and 115.00 in EUR/JPY.

BIS buys EUR/USD

Posted:

Below 1.4070. We're at 1.4080.

Eurostoxx 50 futures up 0.1% early

Posted:

DAX futures up 0.3%, CAC 40 futures up 0.2% Not as high as I would have thought.

Japan Average Regular Gasoline Price Flat After 19-Week Drop

Posted:

TOKYO (MNI) - The average price of regular gasoline in Japan this ...

EUR/USD sees strong gains in Asian trade

Posted:

MAS move to steepen and widen Singapore dollar's' currency trading band plus  generally robust risk appetite (Asian stocks posting strong gains, oil up nearly another buck etc) have conspired to place further pressure on the greenback. EUR/USD up at 1.4080 from North American close Wednesday down around 1.3960, with stops tripped ...

EUR/USD: More stops topside

Posted:

I'm hearing that the next layer of stops is above 1.4110. The market stalled earlier just ahead of 1.4100 so I'm guessing that there are decent sized offers at 1.4100 and traders are happy to sell ahead of there with fairly tight stops.

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