Your forexlive.com ENewsletter |  |
- China C.Bank advisor Xia says dollar faces long-term downward pressure
- Fed’s Evans: Much more accomodation is appropriate given high unemployment, low inflation
- Cable languishes around session lows
- ECB Nowotny: Difficult To Assess Economic Impact Of Euro Rise
- Dutch Fin Min: Currency Rates Shouldn’t Be Used To Compete
- European stocks down early
- ECB’s Nowotny: Euro is carrying main burden of drop in dollar and yuan
- Cable on the slide; sovereign buyer noted
- All France’s 12 oil refineries remain closed due to anti-pension reform strikes – CBT union official
- Estonia PM:To Show Solidarity W/Indebted EMU States If Needed
- EU’s Rehn: Aim is to restore and reinforce confidence in European economy
- Japan Sep Department Store Sales -5.2% Y/Y, 31st Fall In Row
- USD/JPY continues to struggle
- Germany’s EconMin: German 2010 GDP To Be At Least +3%
- RPT: Spending Review To Boost UK Govt Fiscal Credentials
- EUR/USD extends sell-off in Asia
- ForexLive Asian market wrap: USD bounces on news free day
- China’s Xinhua Says U.S. To Blame But It’s No ‘Currency War’
- Money invested overseas is always slightly more nervous
- All about stops as USD bounce goes on
| China C.Bank advisor Xia says dollar faces long-term downward pressure Posted: EUR/USD not hugely changed after comment hits Reuters, presently at 1.3860. China will maintain managed float for yuan but should widen trading band China should step up capital controls to stem hot-money inflows US loose policies have led to capital inflows to Asia UPDATE: Sovereign seen buying EUR/USD in recent trade. We're up at ...    |
| Fed’s Evans: Much more accomodation is appropriate given high unemployment, low inflation Posted: EUR/USD ticks up to 1.3850 as comments hit the wire. US stuck in liquidity trap; need for further easing not data dependent, not a close call Fed should consider targeting higher inflation to lower real rates, boost economy Higher inflation target would be temporary, until price stability attained Price-level targeting would be helpful complement ...  |
| Cable languishes around session lows Posted: Presently at 1.5870. Talk of stops through 1.5860 and again through 1.5840. I'd hazard a guess one's through 40 bigger than those through 60.  |
| ECB Nowotny: Difficult To Assess Economic Impact Of Euro Rise Posted: BERLIN (MNI) - ECB Governing Council member Ewald Nowotny said in a newspaper interview published Monday that it is difficult at present to assess the economic impact of the euro's rise against the dollar and the yuan. The euro is ...  |
| Dutch Fin Min: Currency Rates Shouldn’t Be Used To Compete Posted: BRUSSELS (MNI) - Countries should not use currencies as a means for competing with one another, Dutch finance minister Jan Kees de Jager told reporters as he arrived for a meeting of finance ministers in Luxembourg on Monday. Asked if ...  |
| Posted: DAX down 0.4%, FTSE down 0.3%, CAC 40 down 0.5%  |
| ECB’s Nowotny: Euro is carrying main burden of drop in dollar and yuan Posted: Currency volatility is striking Ireland will be more impacted by euro rise against dollar than Greece Ummm. Seems to be some concern there. Likelihood the ECB will do anything about it....... virtually nil.  |
| Cable on the slide; sovereign buyer noted Posted: Bad start to the week for cable, presently down at 1.5885, off a full cent from the North American close Friday. Reserve bank of India has been seen buying below 1.5900, but it is so far only slowing rather than reversing the sell-off. Sterling in general looking softer, EUR/GBP up at .8735 from early .8710, as speculation ...  |
| All France’s 12 oil refineries remain closed due to anti-pension reform strikes – CBT union official Posted:  |
| Estonia PM:To Show Solidarity W/Indebted EMU States If Needed Posted: BERLIN (MNI) - Estonia will assume its responsibilities under the European sovereign debt crisis mechanisms once it has joined the Eurozone on Jan 1, 2011, Estonian Prime Minister Andrus Ansip said in a newspaper interview published Monday. If Estonia has ...  |
| EU’s Rehn: Aim is to restore and reinforce confidence in European economy Posted: Confident in Portuguese budget moves Sees no back-tracking on economic governance reforms EUR/USD rebounding having run into the aforementioned buy orders down at 1.3850/60. Having been as low as 1.3856 we're back up at 1.3885.  |
| Japan Sep Department Store Sales -5.2% Y/Y, 31st Fall In Row Posted: TOKYO (MNI) - Department store sales fell 5.2% from a year earlier in September ...  |
| Posted: USD/JPY sits at 81.20, down from North American close Friday up around 81.45. The USD/JPY bulls will be bitterly disappointed by the pairing's inability to benefit from generally better-bid greenback. Rather it's being held hostage to aggressive selling of the EUR/JPY cross. Talk buy orders clustered at 81.10 down through to 80.90 with ...  |
| Germany’s EconMin: German 2010 GDP To Be At Least +3% Posted: BERLIN (MNI) - The German government will raise its domestic GDP forecast for this year to at least +3% from the +1.4% projected in April, Economics Minister Rainer Bruederle told German ZDF television on Monday. "There will be a 3 ...  |
| RPT: Spending Review To Boost UK Govt Fiscal Credentials Posted: --Repeats Item 1st Transmitted At 1632 Friday --Treasury Say Any 'Reprofiling' Of Cuts Will Be Just 'Tinkering' --IFS Says End Point Of Budget Plans Will Be Same As June 22 Budget LONDON (MNI) - The Spending Review to be announced by the government on October 20 will be ...  |
| EUR/USD extends sell-off in Asia Posted: EUR/USD sits at 1.3885, down from North American close Friday up around 1.3970. Some attention being paid to interview given by ECB President Trichet to Italian newspaper La Stampa. Comments made seem to highlight a worrying split between Trichet and Buba chief Weber over monetary policy. Talk of buy orders now clustered down ...  |
| ForexLive Asian market wrap: USD bounces on news free day Posted: Silver falls by over 2%, Gold 1% lower Rightmove UK house prices show sharp rise NZ CPI +1.1% QoQ Japan's tertiary industry index -0.2% MoM Regional bourses show mixed results The market breathed a large sigh of relief after the Bernanke speech and currency report deadlines passed on Friday. With the market sitting overly short ...  |
| China’s Xinhua Says U.S. To Blame But It’s No ‘Currency War’ Posted: BEIJING (MNI) - It's too much to call the current spat over exchange rates a "currency war," the official Xinhua News Agency said, though any problems in the global markets are a result of U.S. politicians, the Federal Reserve's money printers and stirring by the ...  |
| Money invested overseas is always slightly more nervous Posted: Articles such as this on the front page of the WSJ will be giving foreign investors cause for concern. The thing with a black swan event is that you cannot possibly know when or what is coming but of course there is always the possibility. That said, they do tend ...  |
| All about stops as USD bounce goes on Posted: Now cable and AUD/USD are playing catch-up to the EUR/USD as all three pairs fall on extensive USD short-covering. EUR/JPY reached exactly its support point at 112.85 and is now bouncing modestly as USD/JPY tries to sneak a bit higher.  |
| You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment