EUR/USD extends sell-off


Link to ForexLive

EUR/USD extends sell-off

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US investment bank notable seller in recent trade (you know the one) Greece’s central bank has activated an emergency liquidity assitance scheme so that it is available if banks need to draw on it. Oh eh. Trouble at mill.

Talk of another earthquake near Washington

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Swiss ZEW investor sentiment -71.4 in August

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Crikey!! Down from -58.9 in July.

Do you think they know something?

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Japanese names seen loading up with USD/JPY in recent trade. Not that we’re really any higher, presently at 77.05 in slow trade. Probably got something to do with that gotobi stuff Sean was talking about overnight So in conclusion: the answer to my question is probably “No”

Oh my, look where EUR/USD topped out!!!

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Yes that’s bloody right………1.4474 (well at least for now) Anyone would have thought there were “US leveraged investors with interest to sell up around 1.4475″ I’d like to take this opportunity to thank my sources. Good show chaps. You know who you are We’re presently down at 1.4455. Happy Dayz are here again……… 20 odd pips better [...]

Bundesbank said to be buying EUR/GBP

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This morning. Cross up at .8825 from around .8800 when I parked my bum. Getting their month-end shopping done early I guess. I have to say I’m a little surprised. UPDATE: I thought Monday was last day of the month, didnt realise it wasn’t until Wednesday. Very strange. But hey, that’s life!!

ECB buying euro zone bonds

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Which ones, don’t really know. I’ll go out on a limb here and go with Italy for starters EUR/USD sits at 1.4472. Hearing buy stops through 1.4485.

BIS selling EUR/USD

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In recent trade. We’re presently at 1.4470 having been as high as 1.4474. I haven’t had confirmation, but I’d hazard a guess that if Middle Eastern sovereigns been selling USD/CHF this morning there’s a good chance they’ve been buying EUR/USD.

Nice bit of info from Sean…..

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Overnight Sean reported corporate sell interest in USD/JPY AT 77.20+. We got as high as 77.22 and are presently back down at 77.00. Good show that man Nice 15 pips or so in the bin. Not to be sniffed at in the hard bitten world of USD/JPY.

EUR/USD extends rally, sell orders noted

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Been up as high as 1.4469, presently at 1.4460. Sources report US leveraged investors with interest to sell up around 1.4475.

Dutch August business confidence -3.3 pts

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After -2.2 pts in July.

Middle East selling USD/CHF

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Middle Eastern sovereign selling being seen in USD/CHF this morning from around the .7960 level. We’re down at .7935 presently. Buy stops seen gathering at various levels up in the .8010/50 area.

European stocks seeing accelerated gains out of the gate

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DAX up +1.2%. CAC 40 up +1.0%. EUR/USD has tacked on about 20 pips, presently at 1.4435. Elsewhere in Asia, the Shanghai share index ends up provisional 2.9%, largest single-day rise in 10 months. Oh-eh.

Bernanke signaling no QE backed by data – Bloomberg

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Told you Monday I thought it unlikely Bernanke would signal further QE tomorrow. Glad to see the majority are finally coming round to my way of thinking Tomorrow’s conventional wisdom today

Greek/German 10 year govt bond yield spread continues to widen

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Presently at a new euro life time record of 1,624 bps!!!

Eurostoxx 50 futures up +0.5%

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DAX futures up +0.4%, CAC 40 futures up +0.5%.

Is Japan accepting yen reality?

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WSJ’s The Source.

German Gfk September consumer confidence 5.2

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Versus 5.3 in August, in line with median forecast of 5.2. Lowest read since November 2010.

Greek-Finnish collateral accord ‘off table’ – Handelsblatt

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Handelsblatt, citing people familiar with the matter, report that Finland’s agreement with Greece on collateral won’t be accepted by other euro zone members. Ummmm, I think we’d kinda gathered that already. EUR/USD sits at 1.4412, to the pip where I had it closing out Wednesday in North America. Market seemingly becalmed awaiting Fed’s Bernanke tomorrow. [...]

Germany fires cannon shot across Europe’s bows

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Latest from AEP at The Telegraph.

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