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MNI Survey: Japan Mar Core CPI Seen -0.2% Y/Y Vs Feb -0.3%

Posted:

-- See Separate Table For Details Of Individual Economist Forecasts TOKYO (MNI) - Japan's core consumer price index is expected to have declined 0.2% on year in March, smaller drop than the 0.3% decline in February but matching the drop in January, due mainly to ...

MNI Survey: Japan Mar Output Seen -11.0% M/M, Record Drop

Posted:

-- See Separate Table For Details of Individual Forecasts TOKYO (MNI) - Japanese industrial production is expected to have plunged a record 11.0% month-on-month last month after the March 11 earthquake wreaked havoc on the northeastern Pacific coast, according to the median forecast of ...

FRANCE DATA: April mfg sentiment 110 vs March 110….

Posted:

FRANCE DATA: April mfg sentiment 110 vs March 110 (109) -- Above expected; MNI analysts survey median forecast 108 -- Execs' own-company outlook 19 vs March 27 (25) -- Sector production outlook 20 vs March 20 (21) -- For more information, please see MNI MainWire

FX market staying quiet:Happy Easter to all

Posted:

I will take my leave for the weekend as the market is quiet and with many financial centres closed for the long holiday weekend, I consider it unlikely that there will be now any movement pre-NY later tonight. I doubt if Gerry will be on later as there will be ...

Japan Yosano:BOJ Head Says Fixing Supply Curbs To Spur Demand

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TOKYO (MNI) - Economic and Fiscal Policy Minister Kaoru Yosano on Friday quoted Bank of Japan Governor Masaaki Shirakawa as saying that demand will be revived when supply restrictions caused by the March 11 earthquake disaster are repaired. Shirakawa, who ...

USD/CNY set at new record low

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The PBOC has been allowing the Yuan to appreciate at a quicker pace as the USD has slipped lower against the major tradeable currencies. The latest mid-point at 6.5156 is again a new record low.

USD/CHF: Trailing stops now above .8920

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It seems quite a few interbank prop traders (those that are left) are short USD/CHF amid talk of fresh rounds of selling hitting the market. Trailing stops now above .8920, just in case the selling dries up.

EUR/USD Techs: Strong uptrends usually don’t retrace very far

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The upmove starting from 1.4155 was very strong and its possible that such a steep upmove will only retrace the minimum 24% before restarting. 1.4530 is that level now and we've got two hourly lows now at that level so it must be respected. A clean break below targets the ...

Nikkei opens -0.65%, Kospi opens +0.2%

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Not much happening in the FX market and with HK closed today, as is all of Europe I believe, the market will be hard pushed to generate some momentum. Let's see what the next few hours bring.

Japan Govt Drafts 1st FY2011 Extra Budget Worth Y4 Trln

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-- Japan Govt To Issue No New Bonds To Finance Extra Budget ...

USD/JPY orders

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Buy orders near 81.50, supposedly quite large (around 1 billion I'm guessing) More bids seen 81.00/10 but other reports of sizeable stops near same levels, below 81.30 and 81.10. Light offers seen 82.30 and 82.60; heavier offers starting above 83.10

AUD/USD overnight flows

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As Gerry reported yesterday during the London session, there were supposedly offers of around AUD 2billion between 1.0780/1.0800, protecting a knockout option. The big German bank who bought aggressively from 1.0550 was also a notable seller. Option players remain big buyers as the market got caught by surprise by the sharp ...

Don’t expect much movement this morning

Posted:

Australia and New Zealand are closed today for the Easter holiday so the next couple of hours will probably be very quiet until Japan and Korea open up. Silver continued with its upward charge and rumours persist that some big institutional players are having to cover large short positions. With gains ...

ForexLive Asian market open

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The USD selling binge which continued from Asia into Europe last night finally eased a bit but the greenback is still looking very vulnerable. I managed to sell a small portion of my long term cable position at the overnight highs, which has me feeling quite clever. I'm expecting some ...

ForexLive US wrap

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US weekly jobless claims fall 13,000 to 403,000 Philly Fed falls from Generational high; down to 18.5 from 43.4 US Leading indicators up 0.4% in March S&P 500 rises 0.5% to 1337 US 10 year note falls 1 bp in yield to 3.39% Oil rises 0$.78 to $112.22 Coverage will be extremely abbreviated on Friday with ...

Next Wk/US: Bernanke/FOMC, GDP, Durables, Chi PMI

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By Theresa Sheehan PRINCETON (MNI) - The data calendar for the week ahead is packed. As the month comes to a close, the numbers will include the last of the important data for March housing market conditions, the April regional manufacturing indexes, and the preliminary ...

I don’t like to brag…

Posted:

...but the once feeble dollar has done nothing but rally since my amble buttocks hit the rich, Corinthian leather of my office chair here at ForexLive global HQ. EUR/USD has slipped to 1.4535 from 1.4575 and cable is down to 1.6520 from 1.6575. The damn Aussie hasn't budged...I'm gonna have to ...

Obama targets evil oil speculators

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Obama has just tasked the US Justice department with rooting out fraud and manipulation in the oil markets. First thing he should do is arrest the jackass that launched a with Libya. Oil prices were $85 before that...Closes at $112.00 today... These investigations inevitably lead nowhere.

Japan considers jumbo tax hike

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A tax panel is considering raising the national sales tax from 5% to 15%. Tough to grow in that environment.

Once a dealmaker, always a dealmaker

Posted:

I get called back from vacation because my fill-in has done a distressed real estate deal from beyond the grave...You can't make this stuff up...Just when I started to relax... Looks like the race to the bottom has gotten a bit uglier in my absence with Greek credit default swaps now ...

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