Oct 19, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

Link to ForexLive

Basel Committee Announces Progress In Reform Program – Text

Posted:

PARIS (MNI) - The Basel Committee Tuesday said it had taken a series of steps towards finalizing its banking reform program, including agreement on "key details" of the liquidity coverage ratio. The Committee said it had published a report, prepared ...

This is interesting…….

Posted:

Well I think so, but then again I should probably get out more. Talk China buying USD/JPY. On the flip side Tokyo names seen selling.  As Sean mentioned earlier, stops seen through 80.70 and 81.70 respectively. We sit at 81.35 in comatose trade, effectively unchanged on the day.

EMU DATA: Eurozone seasonally adjusted current fell..

Posted:

EMU DATA: Eurozone seasonally adjusted current account fell to -E7.5 billion in August from July's downwardly revised -E4.1-billion level, the European Central Bank reported. The ECB also reported that the goods trade surplus slipped to E0.9 billion in August from July's downwardly revised E2.9-billion level. -- *!EMU August direct+portfolio outflow E0.8bn; ...

EUR/GBP holding up

Posted:

EUR/GBP little firmer, presently at .8787 from early .8765.  Talk of stops through .8795.  Not where I'd put my stops, but there we go.  Sterling not being helped by speculation Old Lady will move early on additional QE.  Personally don't think they're that close. Merve the Swerve to address Black Country Chamber ...

European stocks improve a little

Posted:

EUR/USD back over 1.3900, presently at 1.3915.  Pretty much where we were 3 hours ago. Ho hum.....

EUR/USD dips early, real money buys

Posted:

EUR/USD has dipped below 1.3900 to session low 1.3886.  Reports of real money buying around the lows and we're back up at 1.3897. Talk of stops through 1.3880. No idea what sort of size.

Keep those cards and letters coming

Posted:

http://www.forexlive.com/140155/all/keep-those-cards-and-letters-coming

Japan EconMin Kaieda: If yen strength persists, could have negative impact on economy

Posted:

Stoxx Europe 50 futures down 0.3%

Posted:

Oh no!!!, it's started ;) Dax futures off 0.1%, CAC 40 futures off 0.3%

EUR/USD struggling for clear direction

Posted:

"Choppy" is probably a good word to describe the price action we've seen in EUR/USD over the past 24 hours.  We're presently down at 1.3905, Treasury Secretary Geithner's robust defence of the dollar catching the EUR/USD bulls somewhat on the wrong foot. There have been reports of ACB buying in the ...

JAPAN DATA: The Japanese government on Tuesday down..

Posted:

JAPAN DATA: The Japanese government on Tuesday revised down its overall assessment of the economy for the first time in 20 months since February 2009, saying it is "pausing" after recent improvement as slower global growth is denting demand for electronics exported via Asian countries. The last time the government ...

Japan Govt Downgrades View: Econ Pausing, Outlook Uncertain

Posted:

-- Cabinet Office: Exports, Production Weaker TOKYO (MNI) - The Japanese government on Tuesday revised down its overall assessment of the economy for the first time in 20 months since February 2009, saying it is "pausing" after recent improvement as slower global growth is denting demand ...

Happy 23rd Anniversary!!!

Posted:

Monday 19th October 1987 - Black Monday Dow plunged 508 points or 22.6% from peak to bottom Let's hope we don't get a repeat  :)

Japan govt cuts economic assessment, says economy at a standstill

Posted:

Exports, industrial output weakening Some weakness expected for now but economy likely to pick up on overseas, policy factors Downside risks exist such as slowdown in overseas economies, swings in share prices, fx Wants BOJ to support economy through appropriate, flexible monetary policy

ForexLive Asian market wrap: Geithner and Fed on different wavelengths

Posted:

Treasury Secretary Geithner: Can't devalue way to competitiveness Japan's August wages +0.4% YoY FinMin Noda: Comments on China and South Korea were misunderstood World Bank raises East Asian GDP forecast RBA releases latest meeting minutes Regional bourses mixed, Gold steady at $1370/oz There was a volatile opening to the session as comments from Tim Geithner sent ...

Around the markets

Posted:

Nikkei +0.5%, Sydney +0.4%, Seoul -0.1%, Shanghai -0.2%. Gold steady at $1370/oz.

Volatility done for the day

Posted:

I expect that we've seen all the volatility that we are going to see from the majors for this session at least and it really has been a case of lots of ups-and-downs but ultimately little change. This type of volatility is only likely to increase over the next few weeks as ...

Japan Aug Avg Wage Revised +0.4% Y/Y, 6th Straight Rise

Posted:

-- Japan Aug Average Wage Revised From Unchanged; July +1.4% -- Japan Aug Special Pay Revised -4.2% Y/Y Vs -10.7%; July +3.8% -- Japan Aug Avg Base Wage Revised -0.2% Y/Y Vs -0.1%; July -0.3% -- Japan Average Base Wage Posts 24th Y/Y Drop In Row -- Japan Aug Real Avg Wage Revised +1.2% ...

World Bank raises East Asian GDP forecast

Posted:

2010 East Asian GDP growth forecast raised to 8.9% Capital inflows, inflation pressures and rising asset prices are main risks Currency intervention without coordination only adds to liquidity seeking higher yields

Cross plays support the AUD

Posted:

I'm hearing that a couple of local banks made some sizeable AUD purchases over the last 24 hours. Both deals were against Asian currencies rather than against the USD. This might help explain why the AUD/USD bounced back so strongly after the big profit-taking binge.

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