by redbarron
on 07. Sep, 2010
in Market Insights
ForexLive European Wrap: Risk off. Euro hit hard
By Gerry Davies || September 7, 2010 at 10:32 GMT
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Stress tests missed debt at EU lenders – WSJ
Australian PM Gillard says Labor prepared for stable govt as Abott concedes defeat
BOJ Gov Shirakawa: Monetary policy...
by redbarron
on 06. Sep, 2010
in Market Insights
EUR fell across the board on newspaper reports that some European banks under-reported their exposure to risky Sovereign debt
Widening German/Belgian spreads also undermined EUR confidence
BoJ keeps monetary policy unchanged
UK economy: BRC August retail sales edge higher
President Obama propose...
by redbarron
on 06. Sep, 2010
in Market Insights
ForexLive European Wrap: Bad morning for sterling
By Gerry Davies || September 6, 2010 at 11:49 GMT
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Japan Ozawa campaign aide: BOJ not doing enough, but BOJ alone cannot end deflation
IMF Chief Econmoist Blanchard: Growth will likely remain weak both in Euope and...
by redbarron
on 06. Sep, 2010
in Market Insights
EUR/GBP shoots higher, cable lower
By Gerry Davies || September 6, 2010 at 08:55 GMT
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EUR/GBP presently at .8380. Rumour doing rounds that UK clearer needs to buy large amount of the cross for the agricultural department. Talk is it could be upwards of 1 yard and c...
by redbarron
on 05. Sep, 2010
in Market Insights
EUR/USD touch firmer; mixture sell orders/stops noted
By Gerry Davies || September 6, 2010 at 06:28 GMT
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EUR/USD up at 1.2910.
Jamie reported talk of China leaving sell orders starting at 1.2925 on Friday. Can’t confirm that they’re still in situ , but am hearin...
by redbarron
on 05. Sep, 2010
in Market Insights
Cable and Wireless Worldwide in SingTel’s sights
Written by Gerry Davies
September 6, 2010 at 06:03 GMT
Something to keep an eye on. Could result in some decent positive sterling flows down the road
by redbarron
on 03. Sep, 2010
in Market Insights
* Non-farm payrolls fall 54,000; unemployment rate edges up to 5.6%; private sector adds 67,000 jobs; large upward revisions to prior months. Better than expected
* Japan’s Ozawa: Japan can use strong Yen to make overseas resource investments
* ISM non-manufacturing PMI falls to 51.5 in A...
by redbarron
on 03. Sep, 2010
in Market Insights
Traders report a US bank in London sold about $750 mln USD/JPY into the rally for a macro hedge-fund. It is worth noting that two high-profile funds were big buyers late last week and early this week. Perhaps they are offloading a position that had gone a bit stale after the BOJ rate move Monday did...
by redbarron
on 03. Sep, 2010
in Market Insights
Gold is the anti-currency. It rises when the market senses that paper currencies are being debased. Today’s data severely crimps the odds of the Fed switching on the printing presses in the near-term and s promoting a repricing of assets linked to that notion.
Bonds are falling and so are metals....
by redbarron
on 03. Sep, 2010
in Market Insights
EUR/USD: 1.2840/50 offers; stops at 1.2860 and 1.2875/80
Bids at 1.27775/85; stop loss sellers 1.2765/70 and 1.2730
AUD/USD sellers at 0.9110 through 0.9130; 0.9150 barrier being protected
Bids 0.9040/50; large stops below 0.9040.