Oct 15, 2010

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Your forexlive.com ENewsletter

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Greek/German 10-year government bond yield spread widens to 702 bps

Posted:

Up 28 bps on the day.

Sovereign seller seen in cable

Posted:

The Reserve Bank of India is said to have sold cable in recent trade. We're presently at 1.6050. Elsewhere, EUR/USD has edged past 1.4100, presently at 1.4105.  Talk Asian sovereign buyer of  both EUR/USD and AUD/USD. Just what I need Asian sovereigns on both sides of the ball.

Germany Confirms To Sell E3 Bln New 12-Month Bubills Oct 25

Posted:

FRANKFURT (MNI) - Germany will sell E3 billion new 12-month bubills on October 25, the Bundesbank confirmed Friday. The formal tender offer will be announced next Friday, October 22. Bids are due by 0900 GMT on Monday, October 25, with ...

Mumbai: U.S’s Summers: Protectionism a rising threat to world economy

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I can now put a name to one of those ACB sellers up around 1.4100

Posted:

Apparently Korea notable seller EUR/USD around the highs.  We're presently at 1.4077 having been to 1.4097.

EUR/CHF and EUR/GBP edge higher

Posted:

EUR/CHF up at 1.3445 from around 1.3410 when I arrived with a UK clearer said to have been notable buyer of the cross in this latest leg higher. EUR/GBP up at .8785 from early .8765.  Talk of sell orders up at .8800. I'd like to know where buy stops are. Anyone ...

Update: BOJ Report: 3 Japan Regions Cut View: Recovery Slower

Posted:

-- Adds Osaka Branch Manager Remarks In 18th-25th Paragraph TOKYO (MNI) - The Bank of Japan on Friday said that three out of the nine regions downgraded their regional economic assessment from three months ago, noting that the pace of recovery has slowed. ...

EUR/USD extends rally; ACB offers seen above

Posted:

EUR/USD has extended it's rally having paused briefly as BIS stepped in selling around 1.4070/75.  We've been up to session high of 1.4097 so far.  There is talk of Asian sovereign offers lined up around 1.4100, which will be next hurdle for euro bulls.  Not hearing any specific names attached to ...

ECB Stark: Fatal To Start Currency Race To Bottom: Press

Posted:

FRANKFURT (MNI) - It would be "fatal" for countries to enter into a race to the bottom on currencies, European Central Bank Executive Board member Juergen Stark said Friday in an interview with Germany's Handelsblatt. Asked about the renmimbi, he ...

USD/JPY slips slightly

Posted:

Down at 81.15 from around 81.30 when I arrived amid talk of macro funds selling. Earlier had reports of buy orders clustered at 81.00/10.  Anyone's guess as to whether they'll be enough to hold the line.

BOJ Report: 3 Japan Regions Cut View, Recovery Pace Slower

Posted:

TOKYO (MNI) - The Bank of Japan on Friday said that three out of the nine regions downgraded their regional economic assessment from three months ago, noting that the pace of recovery has slowed. The latest assessment is based on ...

Stoxx Europe 50 futures rise 0.1%

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DAX futures rise 0.2%, CAC 40 futures up 0.1%

ACEA: EMU 14 Car Regs Drop In Sep For 6th Straight Month Y/Y

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FRANKFURT (MNI) - New passenger car registrations in the Eurozone, excluding Cyprus and Malta, fell for the sixth straight month in September on an annual basis, data from the sector group ACEA showed Friday. The 12.4% annual drop in September ...

Japan FinMin Noda: Won’t comment on currency levels

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Will contiinue to take decisive steps on fx if needed And so it goes...............

ECB’s Stark: Would be fatal if currency wars evolved in to race to devalue

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Inappropriate currency movements damaging to economic and financial stability There are good reasons to assume Chinese yuan will gain in value going forward Currency volatility cannot be avoided without better coordination of fiscal, monetary and economic policy Appeals for better coordination of government budget deficit levels on global level, similar to euro zone Process of ...

EUR/USD touch easier during Asian trade

Posted:

EUR/USD down at 1.4040 from North American close Thursday up around 1.4080.  Some trimming of long positions ahead of Bernanke's speech at the Boston Fed conference at 12;15 GMT.  Market will be looking for some QE pointers from the Fed Governor. Ahead of that we have some euro zone data, but it's unlikely ...

Japan Aug Industrial Output Revised To -0.5% M/M From -0.3%

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-- Japan Industrial Output Posts 3rd Drop In Row; July -0.2%, June -1.1% TOKYO (MNI) - Japanese industrial production fell 0.5% in August from July, revised down from a preliminary 0.3% drop and marking the third straight monthly decline after ...

ECB Stark: Banks Can’t Always Depend on ECB For Refi Needs

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FRANKFURT (MNI) - Banks should not assume the European Central Bank will meet their refinancing needs, ECB Executive Board member Juergen Stark said in a newspaper interview published Friday. Stark told German business daily Handelsblatt that "individual banks or bank ...

ForexLive Asian market wrap: Mild profit taking ahead of big risk events later tonight

Posted:

The USD makes some early gains then consolidates ahead of Bernanke, economic data, and Treasury report later tonight China MOFCOM: US and Japan wrong to criticise China China FDI +16.6% YoY Fed's Kocherlakota: Effect of QE2 likely muted Regional stockmarkets down 0.3% on average Gold steady at $1381/oz There was an early flurry of activity as ...
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