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- ForexLive US wrap: Euro extends rally
- It’s the least wonderful time of the year…
- EUR/USD ain’t done yet
- Canadian budget to be presented in March: Flaherty
- California Treasurer Says No Way States Enter Bankruptcy
- Ireland may be liable for emergency loans, Citi says
- US corporate latest cable buyer
- China buys a bunch a beans
- Real money steady buyer of EUR/USD at the highs
- EPFR: Investors Flee US Muni and EMU Bond Funds;Buy US Stks
- Take that, Hosers!
- Closer, but no cigar
- France and Spain in complete agreement on no need for convergence of European economic government
- Offers on rallies seen in USD/CAD
- Cable knocking up against short-term resistance level
- US DATA: BLS released union data earlier – “In 2010,.
- ECB Update: Not Overly Hawkish But Infl Concerns Are Serious
- Close, but no cigar
- EUR/USD reaches 1.3591
- BOE Posen: Sees Inflation Going ‘Well Below’ 2% – Bloomberg
| ForexLive US wrap: Euro extends rally Posted: EUR/USD overcomes and closes above 50% retracement of the November/January slide at 1.3570. Canadian retail sales rise 1.3% in November BOE's Posen: Inflation spike temporary, to fall well below target Canada's Flaherty: We're done with the Canadian Peso... S&P 500 rises 0.2% to 1283 US 10-yr note yields fall 5 bp to 3.40%. EUR/USD opened firm ... |
| It’s the least wonderful time of the year… Posted: Coming up at the end of next week is my least favorite event of the calendar year: The World Economic Forum at Davos, Switzerland... Unspeakably rich pricks opining on poverty, climate change and all manner of blather...endless headlines but little substance. In other words, a market-watchers nightmare. Finance ministers have increasingly attending ... |
| Posted: EUR/USD got a lift to session highs just as the pits in Chicago closed for the week. Coincidence? Maybe, or it could indicates specs are still short this pair. We trades as high as 1.3614 on this latest move. 1.3630/35 and 1.3660/65 are hourly resistance levels dating back to late November... |
| Canadian budget to be presented in March: Flaherty Posted: The finance minister says the budget will come in March. It is sure to prompt yet another battle with Liberals, who will threaten to bring down the minority government (again). Confidence in the economy and in commodities is reflected in the price of the CAD, he says, while adding "We're done ... |
| California Treasurer Says No Way States Enter Bankruptcy Posted: By Ian McKendry WASHINGTON (MNI) - State municipalities declaring bankruptcy would be dangerous and could ultimately end up being devastating Bill Lockyer, the California state treasurer, said in a statement Friday. A story in the New ... |
| Ireland may be liable for emergency loans, Citi says Posted: Bloomberg reports that Citigroup says that Ireland may be responsible fro the billions in loans it has made to its banking system, loans it has extended out of thin air... You would think that's the case, no? |
| US corporate latest cable buyer Posted: Cable is back above 1.6000 as a big US multinational corporation buys. EUR/USD finally clearing the 1.3600 level, now at 1.3602. |
| Posted: While in Chicago, Chinese President Hu did what any tourist would do. He signed contracts to buy $6.7 bln worth of soy beans. At this rate we'll have a trade surplus by February... |
| Real money steady buyer of EUR/USD at the highs Posted: Traders report US real money accounts are steady buyers of EUR/USD this afternoon, keeping dips from ahead of 1.3600 very shallow. I suspect the cooling of sovereign debt concerns is prompting money managers to put some money back to work in the euro zone. 1.3599 dealt on this latest push higher but ... |
| EPFR: Investors Flee US Muni and EMU Bond Funds;Buy US Stks Posted: By Yali N'Diaye WASHINGTON (MNI) - State and local budget troubles, fears of default combined with the extension of the Bush-ear tax cuts are reducing demand for municipal securities, fund flow data provider EPFR reported Friday. In fact, they are even ... |
| Posted: US says it wins an arbitration case against Canada in softwood lumber case. USD/CAD little changed around 0.9946. |
| Posted: 1.3598 the high on this latest push.,, Cable made a probe above its resistance line in the last few minutes but was unable to hold its gains, proving once again it is to be trader only by masochists... |
| France and Spain in complete agreement on no need for convergence of European economic government Posted: In other words, they both think Germany should pick up the tab... |
| Offers on rallies seen in USD/CAD Posted: Traders report solid buying in the last few minutes in USD/CAD, the kind that is hard to pull off on a Friday afternoon without moving the market... What happened. It moved lower...Suggests to me their are sellers on rallies now in that pair. We trade now at 0.9945. |
| Cable knocking up against short-term resistance level Posted: Cable is testing a resistance line drawn off recent highs at the 1.6060 area as we begin the US afternoon. A sustained break of that resistance level suggest a move of about a 150 pips to the topside. |
| US DATA: BLS released union data earlier – “In 2010,. Posted: US DATA: BLS released union data earlier - "In 2010, the union membership rate--the percent of wage and salary workers who were members of a union--was 11.9 percent, down from 12.3 percent a year earlier, the U.S. Bureau of Labor Statistics reported today. The number of wage and salary workers ... |
| ECB Update: Not Overly Hawkish But Infl Concerns Are Serious Posted: FRANKFURT (MNI) - European Central Bank Governing Council members continued to offer assurances that they were not overly alarmed about inflation prospects yet, after the ECB spooked markets last week by ratcheting up of the anti-inflation rhetoric. Nevertheless, comments by ... |
| Posted: We got as high as 1.3593 but stalled below the reported soon-to-expire (Monday at 15:00 GMT) barrier at 1.3600. EUR/USD has dipped back into the 1.3570s... |
| Posted: No murmurs yet of protective sales ahead of 1.3600... |
| BOE Posen: Sees Inflation Going ‘Well Below’ 2% – Bloomberg Posted: ... |
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