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- GBP/USD above 1.6070
- Meridith Whitney Continues to Shine the Spotlight on State Finances
- Swiss Sept Retail Sales +3.8% y/y
- Spain’s Registered Jobless Rises 1.7% in Oct
- 10 point range in USD/JPY So Far
- EUR/USD Up 40 Pips from the Lows
- AUD/NZD Heading lower in Early London
- UPDATE: US Repubs Capture House; Dems Cling To Senate
- EUR/USD Drifting a Little Lower
- Countdown to QE2
- US Republicans Capture Control of House; Dems Cling To Senate
- All Quiet Ahead of the Fed
- US DATA: MBA refis -6.4%, the third consecutive wk…
- US elections: Reps unlikely to take Senate
- KPMG/REC: UK Oct Temporary, Permanent Jobs Growth Slows
- UK Shop Price Inflation Up; Food Prices At 17-Month High: BRC
- UK DATA: KPMG/REC: UK Oct Temporary, Permanent Jobs..
- Quick look at the order board
- If the reward fits, then I’ll take the risk
- US Tsy Offl:Aim for G20 Progress on Concrete Imbal Guidelines
| Posted: GBP/USD has just charged to 1.6074 in thin dealings with traders saying yesterdays moves were overdone. Whilst there are sell orders seen in the lead into 1.6100 there are stops above up to 1.6130. Nothing large but anything is possible in a market that has no interest in fresh positioning.    |
| Meridith Whitney Continues to Shine the Spotlight on State Finances Posted: Meridith Whitney gets a lot of airplay these days (ever since she said Citigroup could not pay a dividend back in late 2007 - which was TRUE) . Her latest focus is the financial mess US state governments finds themselves in. From the WSJ.  |
| Swiss Sept Retail Sales +3.8% y/y Posted: Looks good on the surface but no reaction in FX prices.  |
| Spain’s Registered Jobless Rises 1.7% in Oct Posted: Reuters say the number of registered jobless in Spain rose 1.7% in Oct from a month earlier. The unemployment rate is calculated on a quarterly basis - Q3 was 19.8%. Ouch!  |
| 10 point range in USD/JPY So Far Posted: USD/JPY has been contained to a minute 10 pip range (80.59-69) today. Of course Japan is off celebrating some obscure public holiday but not everyone is enjoying the break.I understand Tokyo banks remained manned (albeit skeleton staff) on public holidays since the BOJ/MOF intervened back on Sept 15. Whilst this ...  |
| EUR/USD Up 40 Pips from the Lows Posted: EUR/USD is back above 1.4030 after having touched 1.3991 in late Asia trade. There appears to be no news driving the price action other than last minute position squaring. There is talk of minor sell orders around 1.4050 with bigger ones placed at 1.4100.  |
| AUD/NZD Heading lower in Early London Posted: AUD/NZD has been a big mover in the last week dragging in a lot of players not keen to have a US Dollar component ahead of tonights FOMC meeting. Most of course have been left battered and bruised and whilst I offer no firm view on the direction of this ...  |
| UPDATE: US Repubs Capture House; Dems Cling To Senate Posted: --Retransmitting 1:04 ET Story, Adding Sen. Reid Comments --Republicans Ride Wave of Discontent, Capture Control of House --Rep. John Boehner of Ohio To Become New Speaker --Rep. Boehner: 'This Is A Time To Roll Up Our Sleeves' --Democrats Retain Control of Senate; Era of Divided Government Returns By John Shaw WASHINGTON ...  |
| EUR/USD Drifting a Little Lower Posted: EUR/USD has just made fresh lows for the day at 1.3991 but there is not a lot in it. The Tokyo holiday played a role today but I guess it would have quiet regardless. Orders are miles away as one would expect given the event risk. A few central banks ...  |
| Posted: With the markets in a total slumber today it might be a good time to set a plan for what to do in the post QE environment. It seems from where I sit that the markets expectations on the size and extent of QE2 are too big and disappointment looms. ...  |
| US Republicans Capture Control of House; Dems Cling To Senate Posted: --Republicans Ride Wave of Discontent, Capture Control of House --Rep. John Boehner of Ohio To Become New Speaker --Rep. Boehner: 'This Is A Time To Roll Up Our Sleeves' --Democrats Retain Control of Senate; Era of Divided Government Returns By John Shaw WASHINGTON (MNI) - Congressional Republicans, riding the wave ...  |
| Posted: Asia remains sidelined ahead of tonights all important and long awaited FOMC meeting. Todays highlight has been the much worse than expected building approvals data out of Australia which knocked AUD/USD off its lofty perch as parity. The sell-off however was mild with the pair only getting down to 0.9959 ...  |
| US DATA: MBA refis -6.4%, the third consecutive wk… Posted: US DATA: MBA refis -6.4%, the third consecutive wk of decline, and the purchase index was +1.4%, making the Mtg Bankers Assoc Market Composite -5.0% adjusted in the wk ended Oct. 29. The 4-wk moving ave was +0.1% with refis 81.3% of total apps. The ave 30-yr mtg rate was ...  |
| US elections: Reps unlikely to take Senate Posted: Republicans still look likely to take control of the House of Representatives, but they are unlikely to grab control of the Senate. The Democrats held on to the the seat in West Virginia which means Republicans would have to win every contested race left on the board, including in California ...  |
| KPMG/REC: UK Oct Temporary, Permanent Jobs Growth Slows Posted: --KPMG/REC: Oct Permanent Placements 52.6 vs 54.6 In Sep --KPMG/REC: Oct Temporary Placements 51.6 vs 52.8 In Sep --KPMG/REC: Oct Vacancies Index 53.3 vs 54.0 In Sep --KPMG/REC: Permanent Salaries Index 54.5 vs 52.2 in Sep --KPMG/REC: UK Permanent Places Growth Falls To 14-Month Low LONDON ...  |
| UK Shop Price Inflation Up; Food Prices At 17-Month High: BRC Posted: --UK BRC Oct Shop Prices Up 2.2% y/y vs Up 1.9% y/y Sep --UK BRC Oct Shop Prices Up 0.3% m/m vs Up 0.2% m/m in Sep --UK BRC Oct Food Prices Up 4.4% y/y; Non-Food Up 1.1% y/y --UK ...  |
| UK DATA: KPMG/REC: UK Oct Temporary, Permanent Jobs.. Posted: UK DATA: KPMG/REC: UK Oct Temporary, Permanent Jobs Growth Slows --KPMG/REC: Oct Permanent Placements 52.6 vs 54.6 In Sep --KPMG/REC: ...  |
| Posted: Just before I go, I'm getting some emails coming through with order levels: EUR/USD: Sovereign names reportedly selling at regular levels above 1.4060 AUD/USD: Corporate bids starting at .9930; talk of barrier options with stop-losses above 1.0050 USD/JPY: Solid bids 80.00/20 with stops below  |
| If the reward fits, then I’ll take the risk Posted: The jetlag is starting to hit me so I'm going to head off for a really early night and get ready for what should be a hugely volatile afternoon tomorrow. I'm expecting some serious volatility and when the potential reward is big enough then I'm willing to take the risk on. ...  |
| US Tsy Offl:Aim for G20 Progress on Concrete Imbal Guidelines Posted: By Heather Scott WASHINGTON (MNI) - The United States is aiming to build on the progress of the most recent Group of 20 meeting to push towards setting concrete guidelines on economic imbalances that will protect the world economy from a repeat of the current crisis, ...  |
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