Nov 27, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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The game is up!

Posted:

"And it's pretty clear that none of you have learned anything. When you yourself Mr. Van Rompuy say that the euro has brought us stability, I suppose I could applaud you for having a sense of humor, but isn't this really just the bunker mentality?"

Repeat:Analysis:US Retail Econ Recovers;’Policy Economy’Gasps

Posted:

--Retransmitting Updated Story Published 11:41 ET Friday By Denny Gulino WASHINGTON (MNI) - On a day when overnight shoppers and highly-promoted super bargains rev up the retail economy, the nation's capital faces a collapse of the "policy economy." Government is days away ...

ForexLive US wrap: Dollar demand endures

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Irish banks downgraded by S&P, bondholders may take haircuts Rehn welcomes Portuguese budget approval French jobless rate total falls 0.8% in October German HICP rises 1.6%; firmer than expected S&P 500 falls 0.75%, DXY rises 0.9% , closes above 100-day average US 10-yr note yield falls 0.4% EUR/USD tested support at 1.3200 in early US ...

Portuguese PM: Portugal able to finance itself in markets

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Budget approval should boost market confidence Europe has to quickly find strategy for stability Europe should not encourage any kind of speculation Sounds very much like what the Irish PM was saying little more than a week ago...

Canada Data Preview: Sluggish GDP Repeating; Trade Blamed

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By Akhil Shah OTTAWA (MNI) - Monday's GDP report is expected to show Canadian economic growth was at an anemic 1.5% annual rate in the third quarter. The main reason for Canadian growth continuing at such a sluggish pace comes from the ...

EU Rehn: Portugal 2011 Budget Plan Will Restore Confidence

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Down the stretch they come…

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The holiday shortened week is about to come to a merciful end. Stocks head into the close down about 0.6%, weighed down by a firmer dollar and lower commodities amid the usual Korean concerns and the impending bailout (or two) expected from Europe this weekend. Should Irish banks give bond ...

Just how crappy is liquidity in EUR/USD?

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A 50 mln euro order just moved it 9 pips... I'd be very reluctant to have anything but a small core position in this market as it is only going to get whippier....

FRANCE DATA: Jobseekers registered in October more…

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FRANCE DATA: Jobseekers registered in October dropped more than expected by 20,300 or 0.8% after a net rise of 6,100 in 3Q.

Analysis: US Retail Econ Recovers While ‘Policy Economy’Gasps

Posted:

By Denny Gulino WASHINGTON (MNI) - On a day when overnight shoppers and highly-promoted super bargains rev up the retail economy, the nation's capital faces a collapse of the "policy economy." Government is days away from running out of money, the ...

100 day averages dropping like flies these days

Posted:

First it was EUR/USD slicing through its 100-day average of Wednesday. Today it is cable which fell below that average this morning (1.5703) and looks set to close a mile below that level. We've fallen through very important support at 1.5650 and even nudged below 1.5600 so far. 1.5503, the September ...

EU’s Rehn welcomes Portuguese budget

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Budget approval will reinforce confidence in Portuguese economy Must implement fiscal policy strictly, pursue ambitious structural reforms

EUR/USD rally fizzles

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I guess there are still too many dip buyers choking on long EUR/USD positions to allow prices to rebound much. The Double bottom on the intraday charts looks to have fizzled well below the target of 1.3390/00 and we've eased back into the 1.3330s. Given there is probably only about ...

I thought it was the rotation of the Earth

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After reading this dispatch from South Korea this morning, I now learn otherwise... Many houses were blackened, half-collapsed or flattened, the streets littered with shattered windows, bent metal and other charred wreckage. Several stray dogs barked as they sat near destroyed houses. A group of South Korean ...

Risk aversion easing…

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US equities are well off earlier lows in the cash market and even stronger relative to lows seen in the futures markets. S&P futures were down over 15 points overnight on renewed tensions on the Korean peninsula but are now down just 5 points as a busy "Black Friday" shopping day ...

EUR/USD lengthening rebound gains

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Looks like we could bounce toward 1.32900/3300 technically after double bottoming near 1.3200. USD/JPY is rallying as well, breaking 84.00 with relative ease and trading up to 84.08 so far. 84.20 stops are rumored.

EUR/USD rebounding as 1.3200 defended

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A second test of the 1.3200 area failed to trigger a barrier at that level and we've rebounded to the 1.3240s. A move above 1.3245/50 suggest we rebound toward 1.33 before all is said and done.

A time to give thanks…

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If you'd like to give thanks for the gift that keeps on giving, ForexLive, hit the link and open an account with our sponsor FXDD. The more business ForexLive brings to FXDD, the more resources we can devote to ForexLive.

AUD/USD seeing corporate buying

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Having seen levels above 1.00 in the last month, Aussie corporates are taking advantage of today's weakness to do some repatriation. They've been buyers in the high 0.9620-low 96.30s in recent trade. Asian central banks have been buyers in the 0.96-teens, perhaps defending at 0.9600 barrier.

Heavy exporter offers at 84.00

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USD/JPY is chipping away at offers in the high 83.90s as the dollar melt-up continues. Large stop-loss buy orders are seen in the 84.20 region, traders report.
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