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Forex: Pound plagued, upside capped Thursday, March 11, 2010 @ 12:01PMFXstreet.com (London) - GBP/USD has traded most of this session above the 1.5 mark, at time extending up to 50 pips clear.
Treasury Yield Curve Near Record Before $13 Billion Bond Sale Thursday, March 11, 2010 @ 11:24AMMarch 11 (Bloomberg) -- The difference in yields between 2- and 30-year Treasuries was near the highest on record as the U.S. prepares to sell $13 billion of bonds amid signs the global recovery is gaining momentum.
Dollar Rises as Trade Report Deters Demand for Higher Yields Thursday, March 11, 2010 @ 11:09AMMarch 11 (Bloomberg) -- The dollar rose against most of its major counterparts after a report on U.S. trade indicated the global economic recovery may be slowing, reducing demand for higher-yielding assets.
Forex: CAD down on Greenback mini-rally Thursday, March 11, 2010 @ 11:01AMFXstreet.com (London) - USD/CAD gained earlier today, as Greenback was boosted by a move to safety after jobs data came in slightly worse than expected.
RPT-FOREX-Dollar little changed vs euro in volatile trade Thursday, March 11, 2010 @ 10:55AM(Repeats to insert space after 'budged' in paragraph 1)
Forex: Euro flits between highs and lows, settling in range Thursday, March 11, 2010 @ 10:31AMFXstreet.com (London) - EUR/USD has fallen back into its range prior to the jobs release this lunchtime. The US macro data forced some big flows and volatility followed for the currency immediately following the release.
Forex: NZD/USD falls to 0.6989 Wednesday, March 10, 2010 @ 9:01PMFXstreet.com (Sydney) – The NZD has lost ground against the dollar and is currently trading at 0.6989. The Kiwi earlier opened on 0.7018 and had been as high as 0.7025. The pair finds support at 0.6976, resistance at 0.7020 and is considered strongly bearish.
(AFX UK Focus) 2010-03-11 02:26 Australia dlr shrugs off flat jobs; ponders China data Wednesday, March 10, 2010 @ 9:00PMSYDNEY, March 11 (Reuters) - The Australian dollar steadied above the day's lows on Thursday as investors took in their stride a flat jobs report that ended five consecutive months of strong performances.
Chinese banks extended RMB700 billion new loans in February Wednesday, March 10, 2010 @ 8:46PMThis is slightly more than was forecast. The oft neglected M2 measure of money supply has risen by over 25% in the last 12 months. Consistent rises in M2 will eventually lead to inflationary pressures.
Chinese inflation increases to 2.7% p.a. Wednesday, March 10, 2010 @ 8:46PMThe full set of data can be viewed here. Seems just a matter of time before interest rates rise and the stimulus spending ends. Interested in forex trading? forex brokerage firms!
AUD/USD looks ready to test a little lower Wednesday, March 10, 2010 @ 8:46PMThere are bids at .9100 and just below. There are lots of stops below that again and particularly below .9060. I think the market may try again to get at these stops, now that we are back close to the .9115 session lows.
(AFX UK Focus) 2010-03-10 06:25 Nikkei flat; machine stocks gain but Toyota falls Wednesday, March 10, 2010 @ 12:42AMTOKYO, March 10 (Reuters) - Japan's Nikkei average was flat on Wednesday, with gains for machine stocks after better-than-expected machinery orders helping to offset a drop for recall-hit Toyota Motor Corp after an incident involving a Prius in the United States.
(AFX UK Focus) 2010-03-10 01:45 Hong Kong stocks seen easier, Cathay Pacific eyed Tuesday, March 9, 2010 @ 8:12PMHONG KONG, March 10 (Reuters) - Hong Kong shares are expected to open slightly easier on Wednesday as the market takes a breather after recent strength, but demand for insurance and China property stocks will lend support as worries about measures to curb prices ease.
Cocktail of assets may be the right cure Tuesday, March 9, 2010 @ 8:09PMRecently a debate has sparked domestically about whether it is wise for China, which has a massive amount of foreign exchange reserves, to continue purchasing United States Treasury bonds.
(AFX UK Focus) 2010-03-10 01:30 Nikkei inches higher on exporters, Toyota falls Tuesday, March 9, 2010 @ 7:57PMBy Aiko Hayashi
(AFX UK Focus) 2010-03-10 01:21 Taiwan stocks open higher as UMC leads gains Tuesday, March 9, 2010 @ 7:42PMTAIPEI, March 10 (Reuters) - Taiwan stocks rose 0.35 percent on Wednesday, with UMC leading the way after the chipmaker's solid February sales raised optimism over demand for technology products.
Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains Tuesday, March 9, 2010 @ 7:41PM• Dollar Avoids a Trend Once Again after Retracing Risk Aversion Gains • Euro Stumbles as Policy Officials Voice Their Doubts over Greece and an EMF Solution • British Pound Hit by Data and Credit Rating Warnings • Japanese Yen Benefits from Carry Unwinding and Strong Signs of Economic Recovery
Pound still falling as more GBP/JPY selling emerges Tuesday, March 9, 2010 @ 7:16PMThe thing is that in Asia, GBP100 million can be enough to move the market whereas in the London market it would hardly cause a ripple. Some renewed selling of GBP/JPY by Japanese accounts has driven the pair 50 pips lower in the last hour and this might be happening on quite low volume.
Lukman: Deregulate or Face Worse Fuel Crisis Tuesday, March 9, 2010 @ 7:14PMMinister of Petroleum Resources, Dr Rilwan Lukman yesterday said the lingering shortage of petroleum products and the embarrassing queues at fuel stations across the country may worsen in the coming years if Nigeria failed to adopt the proposed deregulation policy and establish a new legal framework to guide the operations in the oil and gas industry.
China's forex reserve investment yields "relatively good," official Tuesday, March 9, 2010 @ 7:13PMInvestment of China's foreign exchange reserve has seen "relatively good" yields despite global economic woes, while asset safety remains the base line for the country's foreign reserve investment. "Risk prevention and management is always our priority," Yi Gang, director of the State Administration of Foreign Exchange (SAFE), said Tuesday on the sidelines of the annual session of the National ...
Int’l reserves slightly up in February Sunday, March 7, 2010 @ 8:32AMThe Bangko Sentral ng Pilipinas (BSP) over-the-weekend said that the country’s dollar reserves slightly went up in February on inflows from forex operations revaluation gains due to the increase in the price of gold.
Bikers snatch bag with Rs 10 L from forex firm employee Sunday, March 7, 2010 @ 6:36AMNew Delhi, Mar 7 (PTI) Two unidentified motorcycle-borne men snatched Rs ten lakh from the employee of a forex firm in central Delhi with police today saying they were investigating the role of the latter in the crime.
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Boswell chairs subcommittee hearing on Commodity Exchange Act in 2008 farm bill Sunday, March 7, 2010 @ 2:37AMOn March 3, Congressman Leonard Boswell chaired a hearing of the Subcommittee on General Farm Commodities and Risk Management to review changes to the Commodity Exchange Act included in the 2008 farm bill and new proposed rules by the Commodity Futures Trading Commission. CFTC Chairman Gary Genseler provided witness testimony. "Our job in Congress and on this Subcommittee is to bring greater ...
South Africa's gold, forex reserves decline Sunday, March 7, 2010 @ 1:24AMSouth Africa's gold, forex reserves decline
TABLE-Bangladesh key economic indicators - March 7 Saturday, March 6, 2010 @ 9:26PMMarch 7 ------------------------------------------------------- DAILY INDICATORS
Forex reserves shrink $375 mn Saturday, March 6, 2010 @ 9:22AMAgencies Mumbai, Mar 6: Foreign exchange reserve dipped $375 million during the week ended February 26 to touch $278.4 billion. This was partly on account of revaluation of non-dollar assets and partly on account of dip in the value of gold in reserves.
Market Report: Weaker sterling gives strength to ARM Thursday, March 4, 2010 @ 6:36PMThe semiconductors group Arm received a boost last night as traders eyed the benefits of the recent weakness in the pound.
China’s Premier Wen: will improve exchange rate mechanism Thursday, March 4, 2010 @ 6:16PMHeadlines flying over newswires but no effect as of yet on the FX market. The economic turnaround has strengthened but still lacks the internal driver. Resource price reform will be strengthened. China wants to keep the Yuan stable but will improve the exchange rate mechanism.
Nikkei +1%, Kospi +0.5% Thursday, March 4, 2010 @ 6:16PMThe 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.
Forex: GBP/USD approaching to 1.5000 Thursday, March 4, 2010 @ 6:01PMFXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5020. Having lost previous bullish momentum pair extended the downside consolidating now in a tight range barely above 1.5000. Capped by 20 SMA and with momentum indicator retreating from the 100 line, bias for the pair is bearish ahead of Nikkei opening.
China’s National People’s Congress starts today Thursday, March 4, 2010 @ 5:16PMThe congress opens with a marathon speech from Premier Wen Jiabao and we can expect the quotes to be coming thick and fast. The AUD may well be influenced by this later in the session.
EUR/GBP: expect more volatility inside wide ranges Thursday, March 4, 2010 @ 5:01PMThe sharp rally off .8660 looks to have found an interim top at .9150 and the market is currently in retracement mode.
Taiwan Struck by Magnitude-6.4 Quake; 64 Injured (Update5) Thursday, March 4, 2010 @ 5:00PMMarch 4 (Bloomberg) -- A magnitude-6.4 earthquake struck southern Taiwan, injuring 64 people and disrupting production at two of the island’s largest technology companies.
Forex: EUR/USD falls below 1.3600 Thursday, March 4, 2010 @ 4:46PMFXstreet.com (Sydney) – The EUR reversed recent gains against the dollar, falling below 1.3600. The pair is currently trading at 1.3580. The pair had opened on 1.3695 and posted an intraday high of 1.3713. Since then the pair has operated within a narrow margin.
Euro May Extend Decline as Trichet Opposes IMF Aid to Greece Thursday, March 4, 2010 @ 4:33PMMarch 5 (Bloomberg) -- The euro may fall for a second day against the dollar after European Central Bank President Jean- Claude Trichet said that it would not be “appropriate” for the International Monetary Fund to aid Greece.
OSK Research upgrades Wilmar to Buy Monday, March 1, 2010 @ 9:56PMKUALA LUMPUR: OSK Research has upgraded Singapore-listed Wilmar International to a buy at S$6.67 with a raised target price of S$7.35 (from S$7 previously) after its results came in within expectations and the possibility of moving into the sugar business.
Forex: AUD/USD eases gains from day highs and trades at 0.8996 Monday, March 1, 2010 @ 9:53PMFXstreet.com (Sydney) – The Aussie opened higher though eased slightly against the dollar and is currently trading at 0.8996. The pair had earlier opened on 0.9007 and rose to post an intraday high of 0.9019. The pair maintains support at 0.8935, resistance at 0.9011 and is considered slightly bullish.
Around the markets: mixed results in the region Monday, March 1, 2010 @ 8:53PMThe Kospi is +1%, HK is -0.8% and the Nikkei is flat. Gold has been very steady over the last few days at $1118/oz.
(AFX UK Focus) 2010-03-02 02:14 HK stocks to open down 0.64 pct on HSBC; CM Bank up Monday, March 1, 2010 @ 8:42PMHONG KONG, March 2 (Reuters) - Hong Kong shares are set to open down 0.64 percent on Tuesday with selling triggered by disappointing HSBC earnings.
FOREX: Ringgit Remains Firm Against US Dollar Monday, March 1, 2010 @ 4:08AMKUALA LUMPUR, March 1 (Bernama) -- The ringgit remained firm at close on Monday on the back of a weaker US dollar, a dealer said. At 5pm, the local currency was higher against the greenback at 3.3855/3885 from 3.4045/4075 at last Thursday's close.
Pound hits 1 1/2-month low vs euro on data Monday, March 1, 2010 @ 3:45AMThe pound hit its weakest against the euro in 1-1/2 months on Monday on the back of data showing a fall in mortgage approvals.
Vietnam to allow interest rates on negotiable basis Sunday, February 28, 2010 @ 2:46AMThe central bank will soon allow lenders to negotiate with clients on interest rates for medium to long term loans, an official said.
Dong devaluation sets off consumer price hikes Sunday, February 28, 2010 @ 2:44AMThe recent devaluation of the dong by more than 3 percent has triggered price hikes on a wide range of imported products, with more rises expected next month.
TABLE-Bangladesh key economic indicators - Feb 28 Saturday, February 27, 2010 @ 9:41PMFeb 28 -------------------------------------------------------- DAILY INDICATORS
Rabbis: Forex is like violating Sabbath Saturday, February 27, 2010 @ 6:41PMLeaders of the extremist ultra-Orthodox Eda Haredit strongly denounced the practice of home foreign currency trading, saying they take the matter as seriously as violations of the Sabbath.
Euro declines for third month amid debt crisis Saturday, February 27, 2010 @ 10:20AMThe euro fell for a third straight month against the US dollar, its longest losing streak since November 2008, as Greece’s debt woes weighed on the region’s economic outlook.
India's forex reserves fall to $278.67 bn Saturday, February 27, 2010 @ 6:36AMThe country's foreign exchange reserves fell by $528 million for the week ended February 19 to $278.672 billion compared to $279.2 billion in the previous week. Foreign Currency Assets (FCA), during the week, declined to $254.203 billion from $254.7 billion a week ago, the RBI said in its weekly report.
Forex reserves decline to USD 278.672 billion Saturday, February 27, 2010 @ 4:37AMMumbai, Feb 19 (PTI) Country's foreign exchange reserves fell by USD 528 million for the week ended February 19 to USD 278.672 billion compared to USD 279.2 billion in the previous week.
(AFX UK Focus) 2010-02-26 08:04 Glance-European Factors-Shares seen rebounding; focus on data Friday, February 26, 2010 @ 2:27AMLONDON, Feb 26 (Reuters) - Leading European share indexes are expected to bounce back on Friday after steep losses in the previous session, with a rebound by commodity prices expected to help mining and energy stocks.