Eurogroup’s Juncker: Greece cannot be forced out of the euro, has no doubt Greece will fulfill its duties

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• ECB funding to Italian banks at 202.6 bln in January
• Few yen levels for anyone who’s interested..
• EUR/CHF trades at session high
• AUD meets with real money sales above 1.0800
• EUR/USD steadies after early flurry of excitement
• Papademos seeks Greek consensus on cuts
• Talk China sells 1.3160+ in EUR/USD
• Poll time!!!!!!!
• MNI Survey: Japan Q4 GDP Seen -1.3%, 1st Fall In 2 Qtrs
• FRANCE DATA: December sa trade deficit widened to….
• French December trade balance -5.0 bln
• EUR/USD ticks higher
• Eurogroup’s Juncker: Greece cannot be forced out of the euro, has no doubt Greece will fulfill its duties
• Thanks a bundle……
• Shanghai shipping slump as IMF warns China on euro slump
• European stocks seen opening pretty flat
• Ideas Corner/February 7th
• EUR/USD bids very solid near 1.3060
• Japan Dec Key Index Rebounds, Points To Economic Pickup
• ForexLive Asian market wrap: RBA holds rates steady at 4.25%

ECB funding to Italian banks at 202.6 bln in January Posted: Down from 209.995 bln in December. Down’s alot better than up I guess

Few yen levels for anyone who’s interested.. Posted: EUR/JPY : Offers  100.90/00, with buy stops  on a break , but should be  a bit sticky round there as the 55day MA comes into play around 101.09. Tech support is around 100.35/40. Bids below at 99.95/05 with sell stops  down through 99.85, 99.50 and 99.25 USD/JPY: Semi officials bids towards 76.50, sell stops down through [...]

EUR/CHF trades at session high Posted: Presently 1.2075 from early 1.2060. Just a reminder SNB’s Jordan to speak 10:45 GMT. Talk of sell orders clustered 1.2090 through 1.2110. Given 1.2108 was recent January 25th high,  both Joe and I would expect there to be buy stops through 1.2110 (ain’t got no confirmation of that though, we’re just using our near 60 [...]

AUD meets with real money sales above 1.0800 Posted: Talk that they have been sporadic sellers around the 1.0810/20 level earlier after we hit highs of 1.0823 in early Europe. There was talk of buy stops up through 1.0820 which Sean meantioned on the Asian shift, but these were either small or matched with some decent selling interest There are larger offers starting from 1.0870 [...]

EUR/USD steadies after early flurry of excitement Posted: Sit presently at 1.3145. Market remains on tenderhooks, awaiting the outcome of matters Greek.  Bit of a crap shoot at the moment. Thinking out loud I’d really like to see us up through 1.3200, if for no other reason than to stick it to China UPDATE:  1.3130 offered. Bollox.  Some people just got too much [...]

Papademos seeks Greek consensus on cuts Posted: Bloomberg article

Talk China sells 1.3160+ in EUR/USD Posted: We’re at  1.3148 from session high 1.3167. Deja vu all over again….. Remember this

Poll time!!!!!!! Posted: But let’s make it a little different. We sit at 1.3150.  What will we see first 1.3000 or 1.3300? Reasoning good, but not obligatory. Reason for me to do these polls is to see people’s reasoning (what factors they’re focused on) And it’s a little bit of fun. Nothing like a bit of audience participation [...]

MNI Survey: Japan Q4 GDP Seen -1.3%, 1st Fall In 2 Qtrs Posted: – Updates Initial Survey Released on Feb. 3 – See Separate Tables For Details Of Individual Forecasts TOKYO (MNI) – Japan’s gross domestic product in October-December is expected to have posted the first fall in two quarters, down a real 0.3% q/q, or an annualized -1.3%, due mainly to deterioration in net exports, following +1.4% [...]

FRANCE DATA: December sa trade deficit widened to…. Posted: FRANCE DATA: December sa trade deficit widened to E4.993 bln from E4.140 bln in November (revised from -E4.412 bln). –Deficit smaller than expected; MNI survey median forecast -E5.1 bln –December sa exports -2.7% m/m; sa imports -0.4% m/m –2011 trade deficit E69.592 bln; 2010 E51.527 bln

French December trade balance -5.0 bln Posted: Slightly better than Reuter’s median forecast of -5.3 bln. November data revised upward to -4.1 bln from previous -4.4 bln.

EUR/USD ticks higher Posted: We’re at 1.3135.  Hearing good demand for 1 week 1.3230 eur/usd calls. Only another 100 pips to go. UPDATE  “US names” notable buyers in latest leg higher. We’re up at 1.3150.  Must be time for another poll.  The 4 Musketeers need to redeem themselves

Eurogroup’s Juncker: Greece cannot be forced out of the euro, has no doubt Greece will fulfill its duties Posted: Drat, not even seven o’clock yet and they’ve started with the drivel already Even if Greece exited euro other countries would still have to invest “unimaginable” sums (that’s reassuring) UPDATE:  That last comment tweaked my interest, so here it is: “If we force them out or push them so much that they resign, we would still [...]

Thanks a bundle…… Posted: Record readership yesterday on ForexLive.  And on a dreary Monday, I’m surprised. Thank you all for your kind patronage. Without you, there’s simply no us. If you haven’t already, please take some time out today to complete the survey to the right (third column/pink border).  In doing so, you’ll be helping us help you.

Shanghai shipping slump as IMF warns China on euro slump Posted: Love him or loathe him, latest from AEP at The Telegraph.

European stocks seen opening pretty flat Posted: FTSE seen down around -0.1%,  Dax and CAC 40 down around -0.2%.

Ideas Corner/February 7th Posted: Got any ideas you’d like to share with your fellow readers, then here’s where to stick ‘em.

EUR/USD bids very solid near 1.3060 Posted: Just a bit more info on those EUR/USD bids, which are said to be very solid near 1.3060. I’m sure Tick-Tock will keep us fully appraised when he clocks in!!

Japan Dec Key Index Rebounds, Points To Economic Pickup Posted: – Japan Dec Prelim Coincident CI +2.9 Pt M/M; MNI Fcast +2.4 – Japan Govt Ups View: Econ at Turning Point for Upward Move – Japan Dec Prelim Leading CI +0.6 Pt M/M; MNI Fcast +0.7 Pt TOKYO (MNI) – Japan’s coincident composite index (CI), which reflects current business conditions, rebounded by 2.9 points to [...]

ForexLive Asian market wrap: RBA holds rates steady at 4.25% Posted: RBA surprised the market by keeping rates steady at 4.25% They gave significant weight to the recent upbeat US data and the continued strength of commodity prices UK January retail sales -0.3% MoM Japan’s FX reserves at new record high Japan’s MOF confirm stealth intervention at end of 2011 Regional stocks fall by around 0.25% [...]