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- BIS sells EUR/USD in recent trade
- ECB Trichet: Work Still Remains On European Reforms
- Weber: Global Reg Mustn’t Unnecessarily Harm National Systems
- EUR/USD ticks higher; stops noted
- Japanese chief cabinet secretary: No need to widen evacuation zone now around Fukushima plant
- European stocks lower early
- Nuclear operator Tokyo Electric confirms black smoke rising from NO3 nuclear reactor at Fukushima plant
- Japan Govt: Economy About to Pick Up But Quake Impact Feared
- Budget 2011: Little red book of calm sums up George Osborne’s aim
- Portugal leader’s fate hinges on budget vote
- Japan Govt: Quake Damage Estimated Up To Y25 Trln, Above 1995
- Cable little changed overnight; BOE minutes, Budget awaited
- EUR/USD gives ground during Asian trade
- ForexLive Asian market wrap: Stop-loss hunting the only game in Asia
- You can’t keep a good cable down
- AUD/USD recovers to 1.0100
- Around the markets
- Slow trading conditions continue
- World bank chief economist: China could be world’s biggest economy by 2030
- All about stops
| BIS sells EUR/USD in recent trade Posted: Presently at 1.4188. |
| ECB Trichet: Work Still Remains On European Reforms Posted: FRANKFURT (MNI) - Europe is about halfway through the reforms that were essential following the crisis, though "much remains to be done," European Central Bank President Jean-Claude Trichet said on Wednesday. In the text of an opening speech to be ... |
| Weber: Global Reg Mustn’t Unnecessarily Harm National Systems Posted: FRANKFURT (MNI) - Global financial market regulatory and supervisory reforms must avoid a one-size-fits-all approach that could unnecessarily harm national financial systems, European Central Bank Governing Council member Axel Weber said Wednesday. "Specific national legislation typically takes better account of ... |
| EUR/USD ticks higher; stops noted Posted: EUR/USD ticking higher amid talk of Middle Eastern buying, shock horror. We're presently at 1.4190. Reports stops gathering up in 1.4205/10 area, just above overnight high. |
| Japanese chief cabinet secretary: No need to widen evacuation zone now around Fukushima plant Posted: USD/JPY 80.83, unchanged from when I arrived. Talk buy orders clustered 80.50/60 (mutterings of Kampo interest included there), stops below. Sell orders remain clustered 81.30/50. |
| Posted: DAX and FTSE off 0.5%, CAC 40 off 0.4%. Peripherys: Portugal's PSI off 0.6%, Italy's MIB off 0.2%, Spain's IBEX off 0.2%, Ireland's ISEQ off 0.1% |
| Posted: Ordered workers to temporarily evacuate |
| Japan Govt: Economy About to Pick Up But Quake Impact Feared Posted: TOKYO (MNI) - The government said on Wednesday that Japan's economy is about to recover from what appeared to a temporary dip but also warned that the deadly mix of the recent earthquake, tsunami and radiation leaks from the quake-hit nuclear plant is feared to ... |
| Budget 2011: Little red book of calm sums up George Osborne’s aim Posted: "Keep calm and carry on. I doubt George Osbourne will sneak the Ministry of Information's wartime slogan into Wednesdays Budget speech - although it will, I suspect, neatly sum up the Chancellor's message." - Telegraph |
| Portugal leader’s fate hinges on budget vote Posted: The future of Portuguese Prime Minister Jose Socrates hangs in the balance - WSJ |
| Japan Govt: Quake Damage Estimated Up To Y25 Trln, Above 1995 Posted: TOKYO (MNI) - The government said on Wednesday that the massive damage inflicted by the March 11 earthquake on Japan's northeastern Pacific coast is estimated at up to Y25 trillion ($309 billion), the largest-ever from a disaster in the country's post-war history. ... |
| Cable little changed overnight; BOE minutes, Budget awaited Posted: Cable sits at 1.6360, effectively unchanged overnight in Asia with price action confined to conservative 1.6340-1.6382 range. Few things of interest today, latest Bank of England minutes and Budget. Well I'm probably stretching it a bit labelling the Budget interesting. Personally it always leaves me cold. Much a do about very ... |
| EUR/USD gives ground during Asian trade Posted: EUR/USD down at 1.4165 from a North American close Tuesday around 1.4200. Portugal in the spotlight today. PM Socrates will attempt to get his stability and growth programme voted through, but the opposition Social Democrat and Communist parties have both pledged to table resolutions against the plan. Failure to pass the ... |
| ForexLive Asian market wrap: Stop-loss hunting the only game in Asia Posted: Combined intervention last Friday sold Y530 billion, much less than the Y2 trillion which the market had guessed World Bank: China heading towards being world's largest economy, and Yuan a reserve currency New Zealand Q4 current account balance -$NZ 3.5 billion Nikkei -0.8% after being -2% in early trade. Shanghai +0.8%. Oil $105.25/bbl, Gold ... |
| You can’t keep a good cable down Posted: Cable is also trading very bullishly in recent days and with EUR/GBP having confirmed a long term bearish trendline, the outlook for the pound remains strong, in my biased opinion. I've read some reports of Sovereign offers in the cable at 1.6410/20 and that may slow down progress but I think ... |
| Posted: After looking quite sick at times this morning, the teflon currency has regained most of its lost ground and will end the session pretty much unchanged. I've been hearing some vague reports today of significant M&A related buying over the last 36 hours by a big British bank. I'm trying to ... |
| Posted: Nikkei -1.6%, HK and Seoul -0.3%, Shanghai +0.5%. Gold is super steady at $1428/oz. Oil continues to rise, now above $105/bbl. FX market is very quiet. |
| Slow trading conditions continue Posted: We've had a few stop-loss runs and otherwise it's been very quiet. USD/JPY looks like it doesn't want to move and that was always going to be the most likely source of liquidity. Sock drawer it is then. |
| World bank chief economist: China could be world’s biggest economy by 2030 Posted: China could maintain an 8% annual growth rate for next 20 years. Yuan likely to become a global reserve currency |
| Posted: The Asian market is doing what it does best, chasing weak stops. Firstly it was EUR/USD below 1.4170, then it was EUR/JPY below 114.50 and EUR/GBP below .8660. Next cab off the rank is cable, with trailing stops directly below 1.6340 I'm told. |
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