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Your Source for Daily FOREX Market News and Analysis Thursday, March 11, 2010 @ 11:25PM*These rates are ONLY indicative and do not include the difference in the bid-ask and should not be used as a benchmark for foreign exchange forward rates.
Forex: NZD/USD mixed and trading below 0.7000 Thursday, March 11, 2010 @ 11:16PMFXstreet.com (Sydney) – The NZD has had mixed fortunes against the dollar and is currently trading at 0.6998. The Kiwi had earlier opened on 0.7003 and had been as high as 0.7010. The pair finds support at 0.6978, resistance at 0.7024 and is considered slightly bullish.
(AFX UK Focus) 2010-03-12 05:07 Indian shares rise, autos lead; factory data eyed Thursday, March 11, 2010 @ 11:11PMMUMBAI, March 12 (Reuters) - Indian shares were trading 0.3 percent higher on Friday, helped by gains in Asian and U.S. stocks, with automakers racing ahead.
EUR/USD: seller at 1.3700, stops above Thursday, March 11, 2010 @ 10:46PMLots of stops sitting just above 1.3700 which the market is trying it's best to get at but first there's the small matter of a 1.3700 offer which needs to be chewed through. There are also some heavy offers at 1.3750 so store that information away for later.
Japan revised January industrial output +2.7% Thursday, March 11, 2010 @ 10:46PMThe 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.
Watch the yen for Bank of Japan policy cues Thursday, March 11, 2010 @ 10:44PMWatch the yen for Bank of Japan policy cuesWatch the yen for Bank of Japan policy cues
Rupee gains 17 paise against dollar in early trade Thursday, March 11, 2010 @ 10:37PMThe Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade on Friday in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
Rupee gains 17 paise against dollar in early trade Thursday, March 11, 2010 @ 10:22PMMumbai, Mar 12 (PTI) The Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade today in line with other firming Asian currencies amid increased capital inflows by foreign funds into equities.
Forex: AUD/USD largely unchanged and trading at 0.9150 Thursday, March 11, 2010 @ 10:16PMFXstreet.com (Sydney) – The Aussie is largely unchanged against the dollar and is trading at 0.9150. The AUD has traded within a narrow margin after opening on 0.9150 and posting an intraday high of 0.9167. The pair maintains support at 0.9126, resistance at 0.9181 and is considered slightly bullish.
(AFX UK Focus) 2010-03-12 03:30 Indian shares may open flat; factory data eyed Thursday, March 11, 2010 @ 9:57PMMUMBAI, March 12 (Reuters) - Indian shares are set to open largely unchanged on Friday on muted cues from its Asian peers, while industrial output data for January to be released by 0630 GMT is expected to provide some direction.
Forex: EUR/USD testing 1.3620/25 support area Thursday, March 11, 2010 @ 2:38AMFXstreet.com (Barcelona)- The Euro is weakening at European opening times and, after having remained trading in range from 1.3625 to 1.3650 during Asian session, the pair has tried to extend decline from 1.3680 high on Wednesdfay, to levels below 1.3620/25 session low.
(AFX UK Focus) 2010-03-11 08:05 Glance-European Factors-Shares seen down on China overheating fears Thursday, March 11, 2010 @ 2:27AMLONDON, March 11 (Reuters) - European equities are set to open lower on Thursday, with heavyweight commodity stocks likely to be affected by weaker raw material prices after another set of strong Chinese economic data raised further concerns over monetary tightening.
Regulators smack money managers Wednesday, March 10, 2010 @ 9:13PMAn industry group questioned their firms' dealings with a man accused of running a Ponzi scheme.
(AFX UK Focus) 2010-03-10 06:44 Glance-European Factors-Shares seen mixed after two-day dip Wednesday, March 10, 2010 @ 12:57AMPARIS, March 10 (Reuters) - European stocks were seen mixed on Wednesday, following a two-session dip, reined in by Europe's fiscal worries, but resource-related shares could benefit from strong imports and exports data from China.
One-offs impact profits Sunday, March 7, 2010 @ 12:32PMAn improving order backlog and economic climate should help ABB do better this year.
ForexLive US wrap-up: EUR slides despite Greek bond sale Thursday, March 4, 2010 @ 3:38PMUS weekly jobless claims fall to 469,000 from 498,000 Greece closes books on EUR 5 bln 10-year bond issue at mid-swaps plus 300 bp Trichet backs Greek austerity measures; economic recovery uneven, inflation contained; liquidity programs trimmed; No IMF bailout for Greece Japan adds funds to intervention pool US non-farm productivity revised up to +6.9% in Q4, unit labor costs fall 5.9% US ...
(AFX UK Focus) 2010-03-04 20:54 Canada to auction C$3 bln bonds due 2012 Thursday, March 4, 2010 @ 3:13PMTORONTO, March 4 (Reuters) - The Bank of Canada said on Thursday it plans to auction on March 10 a total of C$3 billion ($2.9 billion) of new two-year government of Canada bonds maturing on June 1, 2012.
CFTC 10:1 Leverage Proposal - Reminder to Submit your Comments Thursday, March 4, 2010 @ 2:56PMCFTC public comment period for proposed new rules for off-exchange retail foreign exchange is almost over. In early January, the Commodity Futures Trading Commission —the U.S. government agency responsible for the regulation of retail foreign exchange—proposed new rules for off-exchange retail foreign exchange.
Forex: EUR/USD off 60pips, range trading ahead of NFP Thursday, March 4, 2010 @ 2:23PMFXstreet.com (London) - Euro is trading a tight band, and seems to have hit a support around it current level. Asian doubts over the speed and form of Greeces recover spread into European and American markets today forcing Euro to 2-day lows against the Greenback.
Disney, PetSmart, Dendreon, Take-Two Thursday, March 4, 2010 @ 1:57PMDIS ) to buy from neutral on Mar. 4. "At current levels, we believe [the] risk/reward [on Disney shares] is skewed highly positive", the analyst wrote in a Mar. 4 note. Disney represents "one of ...
Forex: AUD/USD down on stronger Greenback Thursday, March 4, 2010 @ 11:38AMFXstreet.com (London) - The Aussie moved down today as weaker gold prices weighed on the currency, only compounded by a strengthening Dollar. American and European players followed Asias lead last night as the mood flipped from risk appetite to one of caution.
Stock Picks: Disney, PetSmart, Dendreon, Take-Two Thursday, March 4, 2010 @ 11:35AMWall Street analyst opinions on stocks making headlines in Thursday's market
(AFX UK Focus) 2010-03-02 02:45 Nikkei flat in thin trade, Astellas and Toyota down Monday, March 1, 2010 @ 9:12PMBy Elaine Lies
Forex: GBP/USD maintains downward tendencies; trades at 1.4945 Monday, March 1, 2010 @ 9:02PMFXstreet.com (Sydney) – The GBP/USD continues to lose ground against the dollar and is trading at 1.4945. The pair had opened on 1.49908, and set an intraday high of 1.49994. The GBP/USD finds support at 1.4895, resistance at 1.4981 and is considered slightly bearish.
(AFX UK Focus) 2010-03-02 02:30 Taiwan stocks at 5-wk intraday high; Compal, Fubon up Monday, March 1, 2010 @ 8:57PMTAIPEI, March 2 (Reuters) - Taiwan stocks rose 0.9 percent to their highest intraday level in almost five weeks on Tuesday, led by gains in Compal Electronics and other tech shares, as gains on Wall Street raised hopes of growing demand in a major export market.
Your Source for Daily FOREX Market News and Analysis Monday, March 1, 2010 @ 8:54PMJapan’s Unemployment Rate fell to 4.9% in January from a revised 5.2% in the previous month.
(AFX UK Focus) 2010-03-02 01:59 Australia dlr firm before RBA decision; rate rise eyed Monday, March 1, 2010 @ 8:27PMSYDNEY, March 2 (Reuters) - The Australian dollar was steady on Tuesday as investors hunkered down before the Reserve Bank of Australia decides its latest policy move, which markets reckon could be a 25-basis-point interest rate rise.
Your Source for Daily FOREX Market News and Analysis Monday, March 1, 2010 @ 8:24PMDollar Rally Fed by Flight to Safety Flows Away from Euro and Pound Was investor sentiment rising or falling Monday?
(AFX UK Focus) 2010-03-02 01:49 HK stocks seen lower after HSBC earnings Monday, March 1, 2010 @ 8:12PMHONG KONG, March 2 (Reuters) - Hong Kong shares are set to open lower on Tuesday, with selling triggered by disappointing HSBC earnings dominating trade, but bargain hunters may snap up Chinese banks on hopes China's loose monetary policy will stay in place.
Your Source for Daily FOREX Market News and Analysis Monday, March 1, 2010 @ 8:10PMAustralia’s Retail Sales added 1.2 percent in January – topping economists’ forecasts for a more modest 0.5 percent increase – with Department Store and Apparel sales driving receipts higher with impressive gains of 7.4 and 2.9 percent, respectively.
Dollar Rally Fed by Flight to Safety Flows Away from Euro and Pound Monday, March 1, 2010 @ 8:05PM• Dollar Rally Fed by Flight to Safety Flows Away from Euro and Pound • Euro Looks at Losses as Confidence in Greek Turnaround Shaky • Pound Suffers its Steepest Selloff in Over a Year as Deficit Fears Gain Traction • Australian Dollar Poised for Volatility as the RBA Prepares to Deliver Rates
Japan’s unemployment rate drops more than expected to 4.9% Monday, March 1, 2010 @ 8:01PMThe 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.
(AFX UK Focus) 2010-03-01 07:47 Slovakia - Factors To Watch on March 1 Monday, March 1, 2010 @ 2:13AMBRATISLAVA, March 1 (Reuters) - Here are news stories, press reports and events to watch which may affect Slovak financial markets on Monday.
FOREX: Ringgit To Trade Higher Against US Dollar Next Week Friday, February 26, 2010 @ 10:31PMKUALA LUMPUR, Feb 27 (Bernama) -- The ringgit is expected to trade higher against the US dollar next week on steadier demand, dealers said.
(AFX UK Focus) 2010-02-26 06:01 Taiwan stocks rise on export orders boost; AU up Friday, February 26, 2010 @ 12:27AMTAIPEI, Feb 26 (Reuters) - Taiwan stocks edged up 0.12 percent on Friday, helped by data the previous day showing solid export orders for January, but investor caution over the global recovery kept a lid on gains.
Forex: NZD/USD recovers as negative sentiment wanes; trades at 0.6937 Friday, February 26, 2010 @ 12:01AMFXstreet.com (Sydney) – The NZD recoverd earlier losses against the dollar and is trading at 0.6937. Earlier, the pair had opened at 0.6916 and posted an intraday high of 0.6960. The pair finds support at 0.6918, resistance at 0.6964 and is considered strongly bullish.
Indian economic growth slowed to 6% in Q4 Friday, February 26, 2010 @ 12:01AMNot much attention was paid to the Indian economy in years past but that is all changing as the big emerging markets take on more importance. GDP was +6% in Q4 down from +7.9% in Q3. Have a great weekend.
(AFX UK Focus) 2010-02-26 05:16 Indian shares rise 0.3 pct; budget awaited Thursday, February 25, 2010 @ 11:42PMMUMBAI, Feb 26 (Reuters) - Indian shares were trading 0.3 percent higher on Friday, tracking strong Asian markets, but all eyes were on the national budget scheduled for release at 11 a.m. (0530 GMT).
Rupee recovers by ten paise to 46.30 per USD Thursday, February 25, 2010 @ 11:27PMMumbai, Feb 26 : Snapping negative trend of last three days, the Rupee today recovered by ten paise to 46.30 against US Dollar in the opening trade, as against its previous close of 46.40 per USD, on heavy selling of the greenback by bankers, traders at Interbank Foreign Exchange (FOREX) said here.
Rupee gains 9 paise against dollar in early trade Thursday, February 25, 2010 @ 11:06PMThe rupee appreciated against the dollar by 9 paise to 46.31 in early trade today, tracking other firming Asian currencies.
Ranbaxy makes a smart turnaround Thursday, February 25, 2010 @ 4:21PMNEW DELHI: Boosted by growth in the U.S. market and forex gains, Ranbaxy Laboratories on Thursday reported a consolidated profit after tax of Rs. 262 crore for the quarter ended on December 31, 2009. The company had registered a loss of Rs. 679.80 crore in the same quarter a year ago.
Dollar up vs. euro, down vs. yen on market jitters Wednesday, February 24, 2010 @ 7:26PMNEW YORK, Feb 22 (Reuters) The dollar edged higher against the euro on Monday but fell against the yen as markets worried about fiscal strains in Europe and weighed the possibility of higher U.S. interest rates later this year.
(AFX UK Focus) 2010-02-25 00:52 Philippines-Market factors to watch - Feb 25 Wednesday, February 24, 2010 @ 7:12PMMANILA, Feb 25 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday.
Centro narrows loss on forex gains Wednesday, February 24, 2010 @ 6:44PMCENTRO today sharply narrowed its half-year net loss to $63.2 million, and its shares rose 2 per cent amid signs of market stability.
(AFX UK Focus) 2010-02-25 00:01 Nikkei set to rise on Fed rate comments, Toyota eyed Wednesday, February 24, 2010 @ 6:27PMTOKYO, Feb 25 (Reuters) - Japan's Nikkei average is likely to gain on Thursday after U.S. Federal Reserve Chairman Ben Bernanke said interest rates would remain at very low levels for a long time, boosting global stocks.
Selling U.S. debt is a choice based on risk evaluations: expert (3) Saturday, February 20, 2010 @ 9:05PM&$ &$Risk evaluations&$ &$ Tan Yaling, head of the China Forex Investment Research Institute, said that China's cutting of its holdings was not only a choice made after evaluating market risk, but it was also related to the structural adjustment of China's overseas investment portfolios. Presently, China's cutting its holdings does not mean that it will no longer invest in U.S. dollar assets. On ...
'Bond vigilantes' offload gilts as UK plunges into the red Saturday, February 20, 2010 @ 8:07AM• Investors spooked by £4.3bn rise in UK borrowing • Fears of runaway budget deficit push bonds yield to 4.1% The financial community punished the pound and the gilt market after figures published today showed Britain had plunged further into the red by borrowing £4.3bn last month . Investors took fright at the prospect of a runaway budget deficit and sold government bonds, or gilts, pushing the ...
Fed seeks to calm markets after discount rate rise Saturday, February 20, 2010 @ 2:25AMNEW YORK/SAN JUAN, Puerto Rico: The Federal Reserve on Friday poured more cold water on speculation that a surprise rise in its emergency lending rate signaled it was moving faster to rein in its easy money policies, according to Reuters.
(AFX UK Focus) 2010-02-19 06:34 UK at a Glance-UK Stocks -- Factors to watch on Feb 19 Friday, February 19, 2010 @ 12:57AMLONDON, Feb 19 (Reuters) - Britain's FTSE 100 index is seen opening down 16-18 points, or as much as 0.3 percent, on Friday, according to financial bookmakers, retreating from a one-month closing high on Thursday in tandem with Asian markets following a surprise monetary tightening in the U.S.
(AFX UK Focus) 2010-02-19 05:47 HK dollar edges up on possible inflow of funds Friday, February 19, 2010 @ 12:13AMHONG KONG, Feb 19 (Reuters) - The following is a snapshot of the Hong Kong foreign exchange and money market on Friday. Latest Previous Day At 0330 GMT At 0350 GMT