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FOREX-Dollar little changed vs euro in volatile trade Thursday, March 11, 2010 @ 10:31AM* U.S. trade deficit narrower than expected * SNB says would act "decisively" on Swiss franc * Aussie recovers; NZ dollar falls after RBNZ holds rates NEW YORK, March 11 - The dollar barely budgedagainst the euro on Thursday, with trading volatile after a smaller-than-expected U.S. trade deficit failed to give investors clear direction, leaving the euro in recent ranges. The U.S. trade deficit ...
Forex: EUR/GBP reversal from 0.9135 extends to 0.9060 low Thursday, March 11, 2010 @ 5:46AMFXstreet.com (Barcelona) - The Euro is suffering under widespread Pound strength and Euro reversal from 0.9135 high on Wednesday has extended below 0.9100 to hit session low at 0.9060 and breking the upward-trending support line from Mar 5 low at 0.8980.
Forex: GBP/USD extends rally to 1.5065 session high Thursday, March 11, 2010 @ 5:31AMFXstreet.com (Barcelona) - The Pound is attempting to regain the upside on European trade, and rebound from 1.4945 low has broken above 1.5030 level and rallied more than 100 pips during the day so far, reaching session high at 1.5065.
Forex: AUD/USD bounces from 0.9110 reaches 0.9170 session high Thursday, March 11, 2010 @ 5:01AMFXstreet.com (Barcelona) - The Aussie continues trading on an upward trend, and pullback from Wednesday's high at 0.9195 has found support at 0.9110 ahead of the European session opening, and the pair has strengthened since, reaching session high at 0.9170 so far.
Russian rouble rally goes on; no extra c.bank moves Thursday, March 11, 2010 @ 5:00AM* Rouble firms vs dollar, euro
(AFX UK Focus) 2010-03-10 06:24 Australia dlr firm as China trade underscores strength Wednesday, March 10, 2010 @ 12:43AMSYDNEY, March 10 (Reuters) - The Australian dollar hit highs against a range of currencies on Wednesday, including record peaks on the euro, burnished by a sturdy domestic economy that is benefitting from solid Chinese demand.
(AFX UK Focus) 2010-03-07 21:52 Australia dlr record vs euro, risk in vogue on US jobs Sunday, March 7, 2010 @ 4:13PM-------------(Snapshot at 8:20 a.m./2120 GMT)----------------- FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.9067 (0.9004) 90-DAY (MAR) 95.72 (95.73) 0.6651 (0.6624) 3-YR (MAR) 95.10 (95.16) 81.90 (80.38) 10-YR (MAR) 94.485(94.54) 1.3040 (1.3083) US10-YR 3.69 (3.61)
USD/JPY: intervention talk could be a ‘game-changer’ Sunday, March 7, 2010 @ 4:01PMAs JR rightly points out, the increased war-chest for intervention that the Japanese government announced last week might well be a game changer.
AUD/USD techs: bullish close above the 100-day MA Sunday, March 7, 2010 @ 3:16PMFriday's close at .9082 was the first close above the 100-day MA in 6 weeks and although far from convincing, it is certainly another bullish factor to go along with the strong up-trend.
Rupee to rise further on FII inflows Sunday, March 7, 2010 @ 2:32PMThe rupee, which touched 45.61 on Friday, more than a six-week high appreciating by nearly 1.1% during the week, is expected to strengthen further.
Measures will be announced very soon to curb CDS speculators Sunday, March 7, 2010 @ 2:31PMThe Greek PM was in a meeting with President Sarkozy and was seemingly quite upbeat afterwards, saying that France, Germany and Greece would announce measures tomorrow (European Monday) to deal with the abuse of Credit Default Swaps by speculators intent on damaging Greece.
Greek PM: not certain that any help needed Sunday, March 7, 2010 @ 2:16PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.
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Greek cutbacks help world markets rally Friday, March 5, 2010 @ 11:03PMWorld markets pushed higher Wednesday as investors cheered the latest batch of Greek budget cuts as well as upbeat U.S. economic surveys on the jobs market and services sector.
Dollar weakens as US jobs data fuels risk taking Friday, March 5, 2010 @ 9:18PMNEW YORK – The dollar weakened against most other major currencies after a key US monthly jobs report beat expectations, raising hopes for a sustained economic recovery that fueled risk taking.
US dollar weakens Friday, March 5, 2010 @ 8:41PMThe US dollar has weakened against most other major currencies after a key US monthly jobs report beat expectations, raising hopes for a sustained economic recovery that fuelled risk-taking.
British Pound / US Dollar 03-04 Thursday, March 4, 2010 @ 9:26AMThe GBPUSD continues to crawl higher and the next level of resistance is former support at 15151 and the 50% of the decline from 15581, at 15181. I am still looking for a turn lower in a 5 th wave. Price should not come close to 15346. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday ...
Euro Support Below 13600 Thursday, March 4, 2010 @ 9:24AMA larger EURUSD rally, probably a 4th wave, to 13870-14030 is likely underway. Near term, I am looking for a dip below 13600 in order to get long.
Forex: AUD/USD bounce from 0.8980, capped at 0.9030 resistance Thursday, March 4, 2010 @ 8:38AMFXstreet.com (Barcelona) - Australian Dollar's retreat from Wednesday's high at 0.9085 has been contained at 0.8970 low at European session opening and the pair attempted to bounce up but, capped at 0.9030 resistance, Aussie has eased to 0.9010 at the moment of writing.
Forex: EUR/USD remains steady within day range after Trichet's conference Thursday, March 4, 2010 @ 8:23AMFXstreet.com (Barcelona) - The Euro remains trading between 1.3635 and 1.3710 within the day's range, little moved around 1.3660 as ECB President, Jean Claude Trichet offers its first Press release after the Release of ECB's decision to maintain its benchmark rate at 1.0%.
Forex: USD/JPY advances after US data, testing 88.55/65 resistance Thursday, March 4, 2010 @ 7:53AMFXstreet.com (Barcelona) - The Dollar has jumped about 25 pips from 88.35 to test session highs at 88.55/65 area, under bullish pressure at the moment, after the release of better than expected US jobless claims and Non-Farm Productivity figures.
Grain News Thursday, March 4, 2010 @ 7:41AMThe Subcommittee heard testimony from the Commissioner of the U.S. Commodity Futures Trading Commission Gary Gensler .
Obama on hunt for Fed lieutenant Tuesday, March 2, 2010 @ 8:52PMWASHINGTON -Barack Obama's hunt for a new number two at the US Federal Reserve has begun, a pick that will help the president decide the future role of the world's most important central bank. Read more...
More short covering in sterling Tuesday, March 2, 2010 @ 8:16PMCable has jumped again, now above 1.5050, and GBP/JPY is back at 133.50 (resistance levels at 133.75 and 134.00). This is all short covering on the news that the Prudential deal might yet be scuppered which would then involve significant un-hedging (if that's a word!). Cable resistance is at 1.5100.
Forex: AUD/USD bounces at 0.8950 and re-tests 0.9000 level Monday, March 1, 2010 @ 4:23AMFXstreet.com (Barcelona) - Australian Dollar's upmove from 0.8800 area on February 25 continues active as retreat from 0.9000 resistance on Asian session has found support at 0.8950, and the pair bounced up on early European session to set another assault to the 0.9000 area.
Forex: GBP/USD halts recovery from 1.5100 after M4 figures Monday, March 1, 2010 @ 4:08AMFXstreet.com (Barcelona) - The Pound had taken back about 85 pips on early European session bouncing on 1.5100 area to reach 1.5185, although the Pair dipped back about 40 pips after UK M4 and consumer lending data, which showed that Banks lending remains at low levels.
(AFX UK Focus) 2010-03-01 09:39 HK, China shares at 5-week high; banks, miners lead Monday, March 1, 2010 @ 3:41AMBy Donny Kwok and Lu Jianxin
FOREX-Euro steady as Greece news eyed; sterling falls Monday, March 1, 2010 @ 3:09AM* Possible Greece deal helps euro, but uncertainties remain
Forex: EUR/USD bounces back above 1.3600 on hopes of bailout to Greece Monday, March 1, 2010 @ 3:08AMFXstreet.com (Barcelona) - Euro pullback seen on Asian session has found support at 1.3585 session low, and the common currency has bounced up to 1.3635 area on early European session on rumours of a bailout to Greece.
Forex: EUR/GBP rally extended to 0.9000 resistance Monday, March 1, 2010 @ 2:53AMFXstreet.com (Barcelona) - The Euro remains moving on a steady upward path against the Pound and current rally from 0.8750 low on Feb 23 and 24 has extended higher during Asian session to launch two attempts to break 0.9000 resistance, which, so far, remains intact.
Last year marked twenty years of bureau de change operation in Nigeria. What has been the contribution of the sector ... Monday, March 1, 2010 @ 2:27AMFirst and foremost, I would like to thank the Federal Government of Nigeria for making the policy which established bureau de change in 1989 (BOFIA ACT). Before now, anything in bureau de change outside the banking industry is considered an illegality.
Forex: GBP/USD on course to 1.5000, no sign of reversal - Commerzbank Monday, March 1, 2010 @ 2:23AMFXstreet.com (Barcelona) - Sterling continues under heavy selling pressure at the week's opening, after losing more than 400 pips last week, and, according to Karen Jones, technical analyst at Commerzbank, aiming to 1.5000 area with no sign of reversal.
Forex: USD/JPY bounces at 88.70, back above 89.00 Monday, March 1, 2010 @ 2:08AMFXstreet.com (Barcelona) - The Dollar is trying to set a base at 88.70/80 area to contain its decline from 92.10 area on Feb 18/19. The pair hit 3-weeks low at 88.70 at Asian session opening and picked up to reach session highs at 89.30 session high at European opening times.
Dollar dips on US economic data, easing Greece fears Saturday, February 27, 2010 @ 5:05AMFebruary 27, 2010 The dollar weakened against other major currencies on mixed US economic data and easing fears about Greece's fiscal crisis. The euro traded at 1.3626 dollars at 2200 GMT in New Yo...
Dollar dips on US economic data, easing Greece fears Saturday, February 27, 2010 @ 1:40AMThe dollar weakened against other major currencies on mixed US economic data and easing fears about Greece's fiscal crisis.
Japanese January retail sales +2.6% Thursday, February 25, 2010 @ 6:16PMThe JPY is as usual pretty much unchanged after the latest Japanese economic data which shows a surprising increase in retail sales of 2.6% when most predictions expected no change. Industrial output in January was +2.5%, again better than the expected 1%.
Nikkei opens flat, USD/JPY; early demand out of Tokyo Thursday, February 25, 2010 @ 6:16PMBit of early profit taking out of Tokyo and USD/JPY has popped up 15 pips in fairly quick time (for such a generally slow mover). EUR/JPY is also now joining in with a swift 25 pip rally which I put down to the usual Tokyo bout of profit taking.
AUD: I still think that longs should be nervous Thursday, February 25, 2010 @ 6:01PMSupport in AUD/USD at .8800 held nicely overnight and the fundamental story still looks compelling what with the commodity market still looking ok and with rates set to rise again next week.
Dollar Attempts to forge a New 8-Month High but Risk Trends Wouldn’t Follow Through Thursday, February 25, 2010 @ 5:49PM• Euro: Declines in Employment and Confidence Data Adds Weight to Greece Anxieties • Pound Plunges though the Catalyst and Response Seem Disproportionate • Japanese Yen May Struggle to Keep its Favorable Risk Bearing as Data Flow Begins
Forex: GBP/USD; tumbles and trades at 1.5257 Thursday, February 25, 2010 @ 5:46PMFXstreet.com (Sydney) – The GBP/USD has extended falls against the dollar and is trading at 1.5257. The pair had opened on 1.52626, and set an intraday high of 1.5267 before falling sharply. Since then, the pair has operated within a narrow range.
Dollar down slightly against euro, yen Thursday, February 25, 2010 @ 5:40PMNEW YORK - The dollar was slightly lower Thursday against the euro as concerns over the Greek debt crisis continued to dog the single European currency.
Forex: USD/CAD hits 2-week high and holds above 1.0600 Thursday, February 25, 2010 @ 5:16PMFXstreet.com (Córdoba) – The Canadian Dollar traded at its highest level in 2 weeks against the Dollar. USD/CAD bottomed at 1.0510 earlier but then gained strength and started to rise, reaching a 2-week high at 1.0680 during the American session.
Australian dollar opens lower Thursday, February 25, 2010 @ 5:09PMAustralian dollar opens lower after a rise in US jobless claims.
Forex: EUR/USD higher and trading at 1.3550 Thursday, February 25, 2010 @ 4:46PMFXstreet.com (Sydney) – The EUR has reversed recent losses against the dollar and trades at 1.3550. The pair had opened on 1.3540 and posted an intraday high of 1.3571. Since then the pair has operated within a narrow margin.
JPY crosses getting smashed Wednesday, February 24, 2010 @ 7:31PMEUR/JPY is now 100 pips lower and cable is approaching the aforementioned 1.5345 support as GBP/JPY selling continues. USD/JPY is back below 90.00 and flows are to blame for the moves I'm told.
GBP/JPY flow drives pair lower Wednesday, February 24, 2010 @ 7:16PMDealers tell me that a GBP/JPY selling flow hit the market at 139.00 and the pair has fallen 40 pips very quickly. GBP sentiment remains quiet bearish. Important cable support at last Friday's 1.5345 low.
Australian Q4 new Capex +5.5% QoQ Wednesday, February 24, 2010 @ 6:46PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.
Forex: GBP/USD; falls and is trading at 1.54091 Wednesday, February 24, 2010 @ 6:31PMFXstreet.com (Sydney) – The GBP/USD has continued to fall against the dollar and is trading at 1.54091. The pair had opened on 1.54018, and set an intraday high of 1.54129 before falling slightly. Since then, the pair has operated within a narrow range.
Stops triggered in AUD/JPY Wednesday, February 24, 2010 @ 6:16PMThe previous hourly high at 80.65/70 has now been breached, 80.77 the high so far. There is a 38.2% retracement level at 80.86 and a prior pivot and 61.8% at 81.60.
George Soros and his views on China Wednesday, February 24, 2010 @ 6:16PMWhatever you may think of Mr Soros, he certainly is right at the coal face of the financial markets and knows exactly what is going on. Here is an interview he had with the Chinese Caixin magazine where he gives us his views on China.