tag:blogger.com,1999:blog-74292735307115696712024-09-04T17:26:27.772-07:00Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-7429273530711569671.post-21940222293777631012012-02-26T00:25:00.000-08:002012-02-26T00:25:00.283-08:00 <P>2012-02-22 07:15:59 – <B>After a successful introduction and contrast duration of a forex options with some comparison and active traders worldwide, Goldwater Global Management, a heading use provider of commodity futures and unfamiliar sell options trade services, has finally announced a central rising of a newest forex options trade height to tellurian clients.</B> </P><P>The opening also covers a grave introduction of and risk government and trade strategies of trade mark and forex options in a joined accounts to all clients of Goldwater Global Management. </P><P>Powered by a best forex- driven trade technology, Goldwater Global Management’s forex options height has a absolute and manly displaying apparatus with an wholly variable interface facilitating trade activities directly from charts, finish reporting, and finish risk government trade tools. In this new trade services, forex options pricing will be supposing from tip partners and liquidity providers, generally on some-more than 20 banking pairs. </P><P>“We are really most anxious to declare such as good response to this newly determined trade beginning as good as unapproachable to be one of </P><P>a initial few in a over-the-counter forex brokers to yield mark and unfamiliar sell trade regulating a singular domain account. This opening exhibits another tactic pierce by a organisation in not usually in a United States marketplaces though also in a adjacent countries as it continues to strengthen a position in presenting rarely grown and innovative products and services,” pronounced Mr. Richard Miles, Goldwater Global Management’s Global Head for FX options Trading and Sales Division. <P>“As we continue to urge a tellurian services, we continue to explain supremacy since we trust that we can offer not usually a best workforce for a tellurian clients though a experts in a industry. For a final few months, we already have started a trade activities connected to unfamiliar sell options trade and we are unapproachable that some-more and some-more traders and investors are entrance to us, interrogation how they would advantage from this new use offering,” combined Richard Miles. </P><P>At Goldwater Global Management, brokers know that options offer some-more trade and risk government strategies that that of a mark trading. These options trade and risk manegenemt strategies can be custom-made for high and low volatility, neutral, bullish or bearish during any marketplace conditions. The new forex options trade use also offers discerning and fit vanilla options trade strategies.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/CxV1iWOW5PY/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-37240399603132308872012-02-25T20:09:00.000-08:002012-02-25T20:09:00.426-08:00 Sorry, I could not read the content fromt this page.<br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/qmxz_Z-lcGQ/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-76565851756571251882012-02-25T16:20:00.000-08:002012-02-25T16:20:00.706-08:00 <P><!–TITOL: <P>FITITOL–></P><P>FXstreet.com (Barcelona) – The European event plunge, tighten to 50 pips, triggered by suddenly diseased Germany and EMU PMI information found support around 1.3216 area. <P>February’s PMI combination in a EMU forsaken to contractionary 49.7 from 50.4, when analysts approaching total during 50.6. However, recently expelled industrial new orders information prove montly expansion of 1.9% in December, above 0.7% consensus. Not so bad news.</P><P>Mataf.net analysts indicate to resistances during 1.3280, 1.3320 and 1.3500. On a downside, supports competence be found during 1.3205, followed by 1.3115 and 1.3030.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/dcss3AJeUi4/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-46048716366518170002012-02-25T12:31:00.000-08:002012-02-25T12:31:00.183-08:00 <P><!–TITOL: <P>FITITOL–></P><P>FXstreet.com (Barcelona) – The European event plunge, tighten to 50 pips, triggered by suddenly diseased Germany and EMU PMI information found support around 1.3216 area. <P>February’s PMI combination in a EMU forsaken to contractionary 49.7 from 50.4, when analysts approaching total during 50.6. However, recently expelled industrial new orders information prove montly expansion of 1.9% in December, above 0.7% consensus. Not so bad news.</P><P>Mataf.net analysts indicate to resistances during 1.3280, 1.3320 and 1.3500. On a downside, supports competence be found during 1.3205, followed by 1.3115 and 1.3030.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/dcss3AJeUi4/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-8018693202614482462012-02-25T08:13:00.000-08:002012-02-25T08:13:00.372-08:00 <BODY readability="27"><P>* Euro backs off previous day's high</P><P>* Markets take profits on recent gains following Greek bailout deal</P><P>* Dollar/yen stays firm, touches fresh 6-month high (Updates prices, adds comments) </P><P>SINGAPORE, Feb 22 (Reuters) - The euro struggled to make headway on Wednesday, having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal quickly gave way to concerns about economic growth and implementation risks. </P><P>The yen dipped against the dollar and touched a fresh six-month low, staying on the defensive after the Bank of Japan (EUREX: FMJP.EX - news) 's surprise monetary easing last week. </P><P>The euro held steady from late U.S. trade on Tuesday at $1.3232, down from Tuesday's high of $1.3293, which was the euro's highest level since Feb. 9. It faces resistance at $1.3308, the 100-day moving average. </P><P>"The euro had priced in a lot of the good news, in the sense that it had priced in already some form of agreement," said Mitul Kotecha, head of global foreign exchange strategy for Credit Agricole (Milan: ACA.MI - news) in Hong Kong. </P><P>"It's not surprising to see it struggling to break higher," Kotecha added. </P><P>While Greece's aid package helped ease fears of an immediate default, the country's economic outlook remained anything but rosy, a problem that could yet derail its efforts to meet tough cost-cutting measures. </P><P>Parliaments in three countries that have been most critical of bailouts - Germany, the Netherlands and Finland - must now approve the package. German Finance Minister Wolfgang Schaeuble, who caused an outcry by suggesting that Greece was a "bottomless pit", said he was confident it would be passed. </P><P>The dollar index edged up 0.1 percent to 79.136 as the euro floundered. </P><P>Against the yen, the dollar rose 0.3 percent to 79.961 yen at one point, its highest level since early August 2011. </P><P>The dollar has rallied roughly 5 percent from lows around 76.00 yen hit in early February, spurred in part by yen-weakness after the Bank of Japan's surprise easing last week. </P><P>"The pace of the yen's move in recent days looks unsustainable. But the yen has the ability to weaken further, although it's not going to do so in a straight line," analysts at Societe Generale (Paris: FR0000130809 - news) wrote in a note. </P><P>A trader for a Japanese bank in Tokyo said dollar offers were lined up at levels above 80 yen, while dollar buyers such as Japanese importers were placing bids at levels around 79 yen. </P><P>The dollar is now testing strong technical resistance from a cloud on the weekly Ichimoku chart. </P><P>The dollar has not managed to stay above the weekly cloud for any sustained period since mid-2007, and a breach of that resistance could give the dollar additional momentum against the yen. </P><P>The dollar has clawed above the bottom of the cloud at 79.73 yen, and faces more resistance at the cloud top, which comes in at 80.94 this week.</P><P>The Australian dollar held steady at $1.0658, more than a full cent lower from this week's high of $1.0817. </P><P>The Aussie dollar showed limited reaction to data showing that China's manufacturing sector contracted in February for the fourth straight month as new export orders dropped sharply in the face of the euro area debt crisis. </P><P>The HSBC flash purchasing managers index, the earliest indicator of China's industrial activity, rose to a four-month-high at 49.7 in February. The PMI has been below 50, which demarcates expansion from contraction, for most of the last eight months. </P><P>China's economic outlook is a focal point for market players, who fret that risk sentiment could take a hit if the country's economic growth were to slow down too sharply. (Additional reporting by Ian Chua in Sydney and Hideyuki Sano in Tokyo; Editing by Ramya Venugopal) </P><br /><p><a href="http://uk.finance.yahoo.com/news/forex-euro-relief-proves-fleeting-042257108.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-49821317507030477542012-02-25T04:54:00.000-08:002012-02-25T04:54:00.060-08:00 <P><!–TITOL: <P>FITITOL–></P><P>FXstreet.com (San Francisco) – The USD/JPY unsuccessful again to mangle above a psychological 80.00 turn on Tuesday, handling between 79.54 and 79.84 before finale a American event during 79.73, gaining 0.16% on a day. <P>According to Valeria Bednarik, Chief Analyst during FXstreet.com, “The hourly draft shows a clever miss of definitions with indicators prosaic around their midlines, while in bigger time frames, new innate bullish trend stays intact: in a 4 hours chart, indicators conduct north, RSI enclosed notwithstanding in overbought territory, while 20 SMA leads a approach higher, behaving as energetic support now around 79.45.” </P><P>In early Asia, USD/JPY is probably unchanged, with support levels remarkable during 79.45, 79.20 and 78.80, while insurgency levels distortion during 80.00, 80.25 and 80.60.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/bRSMSOQcrGE/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-16846485228862148682012-02-25T00:00:00.000-08:002012-02-25T00:00:08.405-08:00 <P>Wed, Feb 22, 2012, 11:18 AM EST - U.S. Markets close in 4 hrs 42 mins</P>Sorry, I could not read the content fromt this page.<br /><p><a href="http://finance.yahoo.com/news/e-trade-launches-retail-forex-130500154.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-81161339709175462922012-02-24T20:14:00.000-08:002012-02-24T20:14:00.295-08:00 <P>Are there lessons to be learnt from the tortuous steps to agree a second Greek bail-out? Or simply another series of questions?</P><P>The crisis has been averted for now but no one is pretending that the danger of an entire country going bankrupt has been resolved. The truth may be that all this agreement has done is to buy time. </P><P>Many commentators are doubtful that it will go through. Michael Derks, chief strategist at FxPro , thinks this latest deal to provide another €130 billion (£110 billion) will unravel very quickly. </P><P>And Chris Towner of HiFX says: "The risks from here are three-fold. Firstly, the private investors start to rebel to prevent the bail-out from going through. Secondly, the Greeks need another bail-out sooner than expected and this starts to erode the patience of the EU leaders. Finally, let’s not forget that there is not much meat left on the bone in the Greek economy."</P><P>If it turns out that Greece still ends up leaving the euro by the end of the year, this rescue package will have cost more than £10 billion a month. But shoring up Greece was always about finding a way to make the other nations within the single currency strong enough to survive if it defaulted. </P><P>“The truth is that there is no quick fix or magic cure; otherwise the crisis would have been solved long ago,” says Trevor Williams, economic adviser at Lloyds TSB International . </P><P>One major issue is how the eurozone deals with its varying levels of economic strengths, with the northern countries generally weathering the tough conditions far better than the southern states. The difficulty is that it’s a collection of different nations, not a single country. </P><P>Look (Munich: 867225 - news) at how Britain deals with its north-south divide. London generates more income than the Government spends in the capital, allowing the surplus to be spent in poorer regions of the UK, thus preventing the economy diverging too widely. </P><P>“The same sort of stabilisation system is absent from the plumbing of the euro and is a major reason why the north-south divide became so pronounced in the first place,” says Alistair Cotton of Currencies Direct . “The EU needs to find a system to channel funds from richer, more productive countries to those countries struggling in a way that is politically acceptable.”</P><P>That’s why the International Monetary Fund (IMF (Berlin: MXG1.BE - news) ) is being set up as a middle man to channel funds to debtor countries. The sting is taken out of it by the fact that a wide range of countries contribute to the fund. </P><P>Cotton adds: “It is politically impossible for Germany to transfer the required amounts to offset the differences in productivity that now exist within the euro. If German politicians tried, they would be kicked out of office quicker than you can say ' auf wiedersehen '.” </P><P>Naturally, Germany has played a key role throughout, but it has not made it popular with those that most need its help. It’s more than just a case of envy at its relatively comfortable economic position. </P><P>“Nobody likes the person with the whip and the rulebook,” comments Jeremy Cook, chief economist at World First (Berlin: FC0.BE - news) ."That’s the role that Germany is performing in Greece at the moment, and there will be more unrest to come.”</P><P>Worryingly, there are signs of anti-German sentiment rising to the fore. </P><P>Daniel Abrahams of MyCurrencyTransfer.com says: ‘‘Anti-German rhetoric solidifying across Athens is deeply destabilising both economically and politically. The general feeling of ‘kick a man when he is down’ and shocking imagery in a populist newspaper of Merkel in Nazi uniform is a clear warning sign that economic tensions are spilling into civil unrest.”</P><P>Whether or not the Greeks can make their austerity plans work, the next few months will be used to legislate for greater fiscal union, believes Charles Purdy of Smart (Jakarta: SMAR.JK - news) Currency Exchange , “and perhaps to determine a mechanism for countries that do not or are unable to meet the new budgetary disciplines to leave the euro.”</P><P>Cook believes that both Greece and Portugal will leave the euro in the coming years, while Richard Driver of Caxton FX thinks Ireland’s example should be followed by others if the eurozone is to survive. </P><P>“Ireland (Xetra: A0Q8L3 - news) is the shining example of austerity cuts and reforms actually working and returning a country back to competitiveness. This needs to be replicated in Italy and Spain." </P><P>What will this mean for Britons with homes in the Club Med (Paris: FR0000121568 - news) countries? </P><P>Currency broker HiFX has seen a 155 per cent increase in euro sales compared to 12 months ago. </P><P>“And this is with a headwind of a weakening currency ie the law of economics suggest that if the price lowers, demand should increase, stimulating more euro buyers,” says Towner. </P><P>Those selling up may have to lower their price but the euro is still stronger than it was a few years ago, despite the sovereign debt crisis. </P><P>It’s trickier for those living in or owning second homes in countries that could leave the euro. </P><P>“There are significant risks that will arise,” says Cotton. “Redenomination would be the greatest risk, which is when existing contracts in euros like a mortgage may be converted (or not) into the new currency.”</P><P>However, the outlook is perhaps more positive for expat pensioners on a UK pension or those with euro mortgages. “We are confident sterling will appreciate significantly against the euro in 2012," predicts Driver. "We are looking for an end of year GBP/EUR rate towards €1.30 (77p).”</P><P>Since the UK is not part of the single currency, we are seen as a relatively safe haven. This has helped the pound, as Williams explains: “Flows into sterling have supported the currency, and helped keep down long-term borrowing costs.” Forex focus is sponsored by</P><br /><p><a href="http://uk.finance.yahoo.com/news/forex-focus-greek-bail-only-093823355.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-47748241247747040112012-02-24T16:39:00.000-08:002012-02-24T16:39:00.489-08:00 <P>Tue Feb 21, 2012 4:12am EST </P><P>* Euro’s swell fizzles out on doubts about implementation</P><P>* Stops above $1.3300 still intact</P><P>* Dollar/yen hovering nearby 6-1/2 mth highs</P><P>By Anirban Nag</P><P>LONDON, Feb 21 (Reuters) – The euro reason onto gains on<BR>Tuesday due to service over Greece’s securing of a rescue understanding to<BR>avoid a pell-mell default, yet distrustful investors were looking to<BR>sell into a rebound on doubts either it creates a country’s debt<BR>burden any some-more manageable.</P><P>With many of a good news labelled in for a moment, traders<BR>said chances that a euro will arise above a pivotal resistance<BR>level of around $1.3307 were small. Still, with many speculators<BR>already using bearish positions a pointy dump was unlikely.</P><P>The euro was marginally aloft on a day during $1.3250, coming<BR>under vigour early in a European event on offered by<BR>Middle-eastern investors and pulling behind from a event high of<BR>$1.3293 reached after a success of a talks overnight.</P><P>A garland of involuntary buy orders to extent waste above<BR>$1.3300 for those betting on euro debility were intact, with<BR>near tenure insurgency during a 100-day relocating normal of $1.3307.<BR>On a downside, bids were cited during $1.3220-30 and around<BR>$1.3200, with stops next a event low during $1.3185.</P><P>“It has been a service convene for a euro, yet there are so<BR>many caveats, so many risks to implementation,” pronounced Jeremy<BR>Stretch, conduct of banking plan a CIBC World Markets.</P><P>“One jump has been cleared, yet many some-more left to be<BR>cleared and for now it looks like a euro will trade next that<BR>100-day relocating average.”</P><P>After 13 hours of talks, euro section financial ministers sealed<BR>a 130-billion euro understanding and finalised measures to cut Greece’s<BR>debt to 120.5 percent of sum domestic product by 2020. But the<BR>measures are unpopular among a Greeks and might emanate social<BR>unrest in a nation that is due to reason an choosing in April.</P><P>Also, each supervision in a banking kinship will also have<BR>to approve a package. Given Greece is in a low recession, the<BR>tough measures also usually devalue a broader mercantile woes and<BR>the nation could still need some-more supports to cut a debt.</P><P>Overall, analysts were disturbed that Europe still faces an<BR>uphill conflict to understanding with mercantile problems that are expected<BR>to expostulate a euro section into retrogression during a start of this year.</P><P>That stands in contrariety to a U.S. economy, that has<BR>regained some strength in new months.</P><P>“When we demeanour during a mercantile fundamentals, a dollar is<BR>in a enlightened position. we consider a euro is expected to tumble to<BR>around $1.30,” pronounced Koji Fukaya, arch banking strategist at<BR>Credit Suisse in Tokyo.</P><P>YEN AT MULTI-MONTH LOWS</P><P>The euro was adult 0.3 percent contra a yen, carrying strike a<BR>fresh three-month high of 106.01 yen.</P><P>The yen hovered nearby multi-month lows opposite many other<BR>major currencies as final week’s warn easing by a Bank of<BR>Japan stirred speculators to step adult offered of a yen.</P><P>The dollar fetched 79.74 yen, not distant from a 6<BR>1/2-month high of 79.89 yen strike on Monday.</P><P>But a U.S. banking now faces clever technical resistance<BR>from a cloud on weekly Ichimoku charts, that it has not managed<BR>to stay above for any postulated duration given mid-2007. The<BR>bottom of a cloud stands during 79.73 while a tip is during 80.94<BR>this week.</P><P>Meanwhile, a growth-linked Australian dollar fell 0.4<BR>percent to $1.0708 as European bonds took a strike and<BR>appetite for higher-yielding currencies took a breather.</P><P>It extended waste quickly after a mins from the<BR>Reserve Bank of Australia’s Feb 7 assembly were initially<BR>perceived as dovish, yet they showed house members merely<BR>reiterated that a soft acceleration opinion meant that it could<BR>cut rates if necessary.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/ZW1cB3OlQGM/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-43177324781567760872012-02-24T13:34:00.000-08:002012-02-24T13:34:00.147-08:00 <P><!–TITOL: <P>FITITOL–></P><P>FXstreet.com (Barcelona) – After climbing around a 200-day MA, during 0.9984, a USD/CAD didn’t conflict to offered vigour and incited to red on a daily draft during a Asian session. Held during 0.9954 low, a span has been rising behind adult consistently, during a same time as wanton oil loses momentum. <P>Asian expansion (also with improving China’s production PMI) and augmenting tensions with Iran are spurring a arise of wanton oil prices, carrying traded above 106.00 today, during nine-month highs.</P><P>Reports contend that Iran didn’t accept IAE ask to revisit a suspected nuclear-related troops base. “Oil prices increasing to a nine-month high on Iran supply worries progressing in a session, though afterwards declined half a percent on concerns that high commodity prices will quell tellurian demand”, wrote Danske Bank comparison economist Frank Øland Hansen.</P><P>Mataf.net analysts indicate to resistances during 0.9985, 1.0040 and 1.0065. On a downside, supports competence act during 0.9945, 0.9910 and 0.9900.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/kLTfhYCkG7U/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-84865524609458830352012-02-24T09:25:00.000-08:002012-02-24T09:25:00.671-08:00 <P>Fri Feb 17, 2012 2:03am EST </P><P>* Dollar/yen rises on stops, Japan importer bids</P><P>* Nears Oct. 31 post-intervention arise of 79.553 yen</P><P>* Aussie/yen hits 6-1/2 mth high, concentration on toushin launch</P><P>* Greek bailout hopes, upbeat U.S. information lift risk appetite</P><P>By Hideyuki Sano and Masayuki Kitano</P><P>TOKYO/SINGAPORE, Feb 17 (Reuters) – The dollar strike a<BR>3-1/2 month high contra a yen on Friday as upbeat U.S.<BR>economic information combined fuel to a convene sparked by a Bank of<BR>Japan’s financial easing progressing in a week.</P><P>The dollar’s arise also gained steam on stop-loss buying, and<BR>active bids from Japanese importers who have been held off<BR>guard by a new strength, traders said.</P><P>The yen fell broadly, attack a 6-1/2 month low contra the<BR>Australian dollar and a two-month tray opposite a euro, as<BR>the Japanese banking extended a waste after a BOJ<BR>surprised markets this week by boosting a item shopping scheme<BR>by $130 billion and environment an acceleration idea of 1 percent.</P><P>“The near-term seems extremely expected to take dollar/yen<BR>higher,” pronounced Ray Farris, arch Asia strategist for Credit<BR>Suisse in Singapore.</P><P>The dollar will substantially conduct aloft opposite a yen, with<BR>yield spreads commencement to pierce aloft in a favour, Farris<BR>said, adding that a focal indicate in entrance months will be whether<BR>the BOJ conducts serve easing if indispensable to grasp its<BR>inflation goal.</P><P>The dollar rose to a high of 79.18 yen on trading<BR>platform EBS during one point. That was a dollar’s top level<BR>against a yen given Oct. 31, when Japan sole a record 8.07<BR>trillion yen in banking involvement after a dollar strike a<BR>post-World War Two record low of 75.311 yen.</P><P>The dollar final stood during 79.14 yen, adult 0.3 percent from late<BR>U.S. trade on Thursday.</P><P>The dollar is adult about 2 percent so distant this week against<BR>the Japanese currency, on lane for a biggest weekly gain<BR>since a week travelling a finish of Oct and early November,<BR>when Japan conducted a large yen-selling intervention.</P><P>“Buying by suppositional accounts has been a categorical motorist of<BR>this pierce higher,” pronounced a merchant for a vital Japanese bank in<BR>Singapore, referring to a dollar’s new rise.</P><P>“Sizeable dollar/yen shopping flows from (offshore)<BR>real income investors who had formerly been prolonged yen, have also<BR>been spotted,” a merchant said.</P><P>The dollar, that breached a 200-day relocating average<BR>earlier this week, is now contrast a 55-week relocating normal at<BR>79.12 yen. Above that, a dollar’s post-intervention high on<BR>Oct. 31 lies during 79.553 yen.</P><P>“We are relocating above some flattering engaging technical<BR>levels that support this longhorn run,” pronounced a U.S.-based FX trader.<BR>One indicate to watch is either a dollar manages to tighten the<BR>week above a 55-week average, he said.</P><P>Higher up, a dollar faces vital insurgency in a 79.73 to<BR>80.94 yen area, a operation shaped by a cloud on a weekly<BR>Ichimoku chart, a renouned technical research tool.</P><P>The euro clung to a prior day’s gains, upheld by<BR>hopes that Greece was tighten to clinching a second bailout<BR>package. The singular banking was small altered during $1.3124<BR>.</P><P>Against a yen, a euro strike a two-month high during 104.04 yen<BR>during one point, and final stood during 103.84 yen, adult 0.2<BR>percent from late U.S. trade on Thursday.</P><P>The Australian dollar strike a 6-1/2 month high of 85.48 yen<BR>during one point, and was final changing hands during 85.20<BR>yen, adult 0.4 percent on a day.</P><P>Helping support a Aussie dollar were a launches of<BR>Japanese investment trusts, or toushin, targetting investment in<BR>Australian dollar bonds, traders said.</P><P>Nomura Asset Management is due to launch dual Aussie bond<BR>funds on Friday with top subscription boundary of 200 billion<BR>yen each. The supports devise to sell Aussie/yen call options to<BR>enhance returns, according to a handbill of a funds.</P><P>One premonition is that tangible launch sizes of Japanese<BR>investment trusts mostly tend to be many reduce than their<BR>subscription limits.</P><P>BENEFIT OF THE DOUBT</P><P>A collection of upbeat U.S. mercantile information on Thursday helped lift<BR>the dollar opposite a yen and helped support risk sentiment.</P><P>The series of Americans filing for new stagnation benefits<BR>unexpectedly fell to a nearby four-year low final week, while<BR>factory activity in a Mid-Atlantic area stretched in February.</P><P>The strength of a U.S. liberation suggests U.S. yields could<BR>head aloft and assistance support ceiling movement in dollar/yen in<BR>the nearby term, though a some-more essential cause is a BOJ’s monetary<BR>policy, pronounced Credit Suisse’s Farris.</P><P>“What will eventually be many critical is either a BOJ,<BR>over a subsequent several months, continues to behind up, to convince<BR>the markets around a actions that something unequivocally has altered in<BR>this change in denunciation on inflation,” Farris said.</P><P>A concentration will be either a BOJ, for example, continues to<BR>expand a distance of a item shopping intrigue if it judges that<BR>inflation expectations are not relocating enough, he said.</P><P>“Right now a marketplace is giving them a bit of advantage of the<BR>doubt,” Farris said, adding that a miss of a bearish<BR>steepening in Japanese supervision holds this week suggests that<BR>it still has some convincing to do.</P><P>“It will substantially take some time and some bid from the<BR>BOJ to build credit on a ability to grasp this idea of<BR>1 percent inflation,” he said, adding that Credit Suisse now<BR>sees a dollar during 80 yen in three-months’ time and 83 yen in 12<BR>months.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/EON7MMNXRV4/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-30443809392084867562012-02-24T06:24:00.000-08:002012-02-24T06:24:00.035-08:00 <P><!–TITOL: <P>FITITOL–></P><P>FXstreet.com (Barcelona) – More unsatisfactory news for a euro section as German and EMU services (52.6 and 49.4 resp.) and production (50.1 and 49.0 resp.) PMI were both subsequent expectations and behind to contraction levels in a box of a pan-European prints. <P>Later on a BoE mins are due as good as a EMU industrial orders (+0.7%MoM and -2.8%YoY exp.).</P><P>The span is losing 0.06% during 0.8383 as of writing, with a subsequent insurgency during 0.8410 (high Jan.27) forward of 0.8417 (Upper Bollinger) afterwards 0.8426 (high Dec.15) and 0.8481 (high Dec.13).<BR>On a flip side, a dump over 0.8348 (MA21d) would display 0.8338 (prev daily res now sup) afterwards 0.8315 (low Feb.20) and 0.8288 (low Feb.17).</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/EErxWsaZ-DI/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-34638942805749172252012-02-24T01:24:00.000-08:002012-02-24T01:24:00.582-08:00 <P>Tue Feb 21, 2012 10:50pm GMT </P><P>* Euro off highs, commodity currencies on a defensive</P><P>* Markets take increase on new gains following Greek<BR>bailout deal</P><P>* HSBC’s peep PMI for China subsequent in focus </P><P>By Ian Chua </P><P>SYDNEY, Feb 22 (Reuters) – The euro struggled to make<BR>any advance in Asia on Wednesday, carrying retreated from near<BR>two-week highs as confidence over a long-awaited Greek bailout<BR>deal fast gave approach to concerns about mercantile expansion and<BR>implementation risks. </P><P>Traders pronounced a Asian event will be destined by HSBC’s<BR>flash production activity news on China. Any disappointment<BR>could import on risk appetite, nonetheless it could also bolster<BR>expectations of some-more impulse from Chinese authorities. </P><P>The euro stood during $1.3235, down from Tuesday’s high<BR>of $1.3293. It is seen capped during $1.3306, a 100-day moving<BR>average, and during final week’s arise of $1.3321. </P><P>While Greece’s assist package helped palliate fears of an immediate<BR>default, a country’s mercantile opinion remained anything but<BR>rosy, a problem that could nonetheless derail a efforts to accommodate tough<BR>cost-cutting measures to secure a bailout. </P><P>“At a finish of a day, deliberation how ideally in place<BR>the pieces will need to tumble for this bailout and pronounced reforms<BR>to make a required changes to assistance reanimate a Greek<BR>economy, we do not trust that a Greek default is off the<BR>table,” pronounced Christopher Vecchio, banking researcher during DailyFX. </P><P>The dollar index edged off a 1-1/2 week low of 78.797<BR>to 79.094 as a euro floundered. Against a yen, a greenback<BR>eased to 79.70, recoiling from a six-month high around<BR>79.90 set on Monday. </P><P>The dollar has rallied some 5 percent from lows around 76.00<BR>yen given a start of a month, spurred in partial by<BR>yen-weakness after a Bank of Japan’s warn easing last<BR>week. </P><P>“The gait of a yen’s pierce in new days looks<BR>unsustainable. But a yen has a ability to break further,<BR>although it’s not going to do so in a true line,” analysts<BR>at Societe Generale wrote in a note. </P><P>Among a biggest casualties overnight were commodity<BR>currencies as they suffered what traders pronounced was a classic<BR>buy-the-rumour-sell-the-fact pierce following a Greek deal. </P><P>The Australian dollar was during $1.0657, some-more than a<BR>full cent reduce from Monday’s arise of $1.0817. It is contrast the<BR>bottom of an uptrend channel shaped from Dec and a break<BR>below a Feb. 14 tray during $1.0629 was seen paving a approach for<BR>further losses. </P><P>The evident concentration for a Aussie is salary cost information due at<BR>0030 GMT. Analysts generally design a soft arise of 0.8 percent<BR>on a quarter, an outcome that would support a Reserve Bank<BR>of Australia’s loose opinion for inflation. </P><P>(Editing by Wayne Cole) </P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/zKekuZMjxWE/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-37349805295277581232012-02-23T20:25:00.000-08:002012-02-23T20:25:00.406-08:00 <BODY readability="27"><P>(Updates prices, adds quotes) </P><P>* Euro gains despite doubts about Greek bailout implementation</P><P>* Resistance just above $1.33 seen capping euro gains</P><P>* Euro zone consumer confidence rises in February</P><P>* Dollar/yen hovering near 6-1/2-month high </P><P>NEW YORK (Frankfurt: A0DKRK - news) , Feb 21 (Reuters) - The euro rose against the dollar on Tuesday as an overnight bailout deal for Greece prompted investors to pare positions against the currency despite doubts about the deal's implementation. </P><P>Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. </P><P>The euro hit a session high of $1.3292 after the successful talks overnight. In midday trade, the euro was 0.1 percent higher at $1.3254, with near-term support at the day's low of $1.3184. </P><P>"Being short the euro is a stale position right now," said Douglas Borthwick, managing director, head of trading, at Faros Trading in Stamford, Connecticut. "Many had questioned whether or not Greece would stay in the EUR, but last night's decisions were a resounding vote of yes." </P><P>Currency speculators' bets in favor of the U.S. dollar soared in the latest week, according to data from the Commodity (Euronext: COMIN.NX - news) Futures Trading Commission released on Friday. Euro shorts rose as negotiations about Greece's second rescue package dragged on. </P><P>To be short a currency is to bet it will decline in value, while being long is a view its value will rise. </P><P>Borthwick said there is market talk that finance ministers are discussing an International Monetary Fund firewall and while nothing has been announced, he believes there is one coming, with expected donors including Japan (EUREX: FMJP.EX - news) , China and Mexico to name a few. </P><P>"An announcement of some sort will likely come out of the upcoming G20 meeting and that could move the euro sharply higher," he said. "The euro has also yet to catch up with Italian and Spanish bond yields, which have dropped to levels last seen at the start of September of last year." </P><P>A break of $1.3320 is seen likely and after that, he said momentum should take over, with the euro possibly reaching $1.40. </P><P>"A lot of uncertainty has been removed, with regards to Greece as well as the euro zone's economy," Borthwick added. </P><P>Euro zone consumer confidence rose for the second consecutive month in February as Europeans showed timid signs of increased spending after last year's collapse in morale. </P><P>The International Monetary Fund forecasts a 0.5 percent contraction in the euro zone economy in 2012. </P><P>Investors remain concerned about how Greece would implement the harsh austerity measures demanded of it, while some also saw longer-term risks to the euro following an expected second injection of cheap funds by the European Central Bank next week. </P><P>"While the Greece deal removed a temporary risk, the good news was largely priced in ahead of the weekend, " said Camilla Sutton, chief currency strategist at Scotia Capital in Toronto. </P><P>"The deal was pretty much expected and the real surprise would have been if no deal was reached," she said. "There are still many hurdles to jump before Greece becomes a non-issue for markets and broader European problems should keep the euro weighed to the downside over the near term." </P><P>Sutton said her first-quarter forecast for the euro is $1.29 with a year-end target of $1.25. </P><P>The euro may get a lift if euro zone provisional purchasing managers' surveys on manufacturing and services activity on Wednesday and Thursday's German Ifo sentiment survey show some improvement. </P><P>YEN AT MULTIMONTH LOWS </P><P>Approval of the Greek deal saw the euro hit a fresh three-month high against the yen. It pulled back from that high of 106.00 yen and in New York trade, was last up 0.1 percent at 105.58 yen. </P><P>The yen hovered near multimonth lows against most other major currencies as last week's surprise easing by the Bank of Japan prompted speculators to step up selling of the yen. </P><P>"Our end-year forecast of 80 yen has almost been hit already," said Mansoor Mohi-uddin, strategist at UBS (NYSEArca: DJCI - news) . "The risks are now to the upside to this forecast with dollar/yen likely to trade in a 75-85 range in future compared to 75-80 previously." </P><P>The dollar was last up 0.1 percent at 79.72 yen, not far from 79.89 yen hit on Monday, a 6-1/2-month high. (Additional reporting by Jessica Mortimer, Editing by Gary Crosse) </P><br /><p><a href="http://uk.finance.yahoo.com/news/forex-euro-greek-deal-provides-172640087.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-23940835398093726362012-02-23T16:54:00.000-08:002012-02-23T16:54:00.514-08:00 Vote for the Best Content and Contributors of 2011! Our users decide who wins the Forex Best Awards 2012! (approx 4 min.) Yes | No, Thanks! <P>Tue, Feb 21 2012, 03:50 GMT | FXstreet.com FXstreet.com (San Francisco) - The euro has popped higher against its Japanese counterpart after EU officials reached a deal on a second Greek bailout, sending EUR/JPY to a fresh 3-month high of 105.95 from an earlier low of 105.02, seen capped by the 200-daily EMA. <P>At time of writing, the paring is back near its daily open, last at 105.55, around 10 pips above its opening price. Should EUR/JPY push above the mentioned resistance in the session ahead, it could encounter selling interest at 106.40 (1 Nov 2011 low), 106.80 (10 Jan 2011 low) then at the 107.00 handle, which is also the 38.2% retracement of the drop from 123.31 to 97.01. To the downside, support is noted at 105.03 (1 Dec high), 104.88 and 104.37. </P>Trend Index [?]<ACRONYM title=Overbought/Oversold>OB/OS Index [?]Data updated on Feb 22 a 16:00 GMT (15-minute timeframe) <B>View tech. studies EUR/JPY</B> <IMG alt=FXstreet.com src="/fxstreet-provider-logo1-en.gif"><BR>© 2012 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.<BR>Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.<BR>Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. <B class="float-l icon i-tradertools-forexstudies-l"></B>Forex Studies Monitor the markets with our customizable FX studies. </P><P></P><br /><p><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=2b16b296-e716-4a73-8af6-af8e189856ad" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-17820882717970253452012-02-23T13:48:00.000-08:002012-02-23T13:48:00.134-08:00 <BODY readability="32">FXstreet.com (Barcelona) - The Japanese Yen keeps weakening as days go by, allowing the USD/JPY to breach above 80.00. The cross has reached as high as 80.36 right before the American opening, and after news of the downgrade from CCC to C of the Greek sovereign debt by Fitch. <P>Currently, the pair is trading around 80.23. UBS analysts report that a “senior official said there is nothing strange about USDJPY at 80, and the JPY weakening is due to the BoJ's timely easing and a better risk environment”.</P><P>“While we could see some corrective activity to unwind the recent advance the underlying tone remains positive following settlement above the 200 day MA, and we look for the 78.00/79.00 zone to act as support for further gains towards 82.23 (May 2011 high) ahead of 83.30”, writes MIG Bank analyst Ron William.</P><br /><p><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b66b4a95-6271-4868-8662-1ea6dd46ce3d" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-73472269912949858662012-02-23T09:58:00.000-08:002012-02-23T09:58:00.117-08:00 Vote for the Best Content and Contributors of 2011! Our users decide who wins the Forex Best Awards 2012! (approx 4 min.) Yes | No, Thanks! <P>Wed, Feb 22 2012, 11:45 GMT | FXstreet.com FXstreet.com (Barcelona) - The EUR/GBP breached above 0.8400 level ahead of German and EMU PMI, which turned out to decline against expectations. However, the BoE minutes let the market know about members Miles and Posen dovishness, wanting a £75bn increase in QE instead of the decided £50bn. This news weakened the Pound Sterling, which in the case of the EUR/GBP means strength of the pair. <P>Printed on London session, 0.8433 is currently the 2012 high. The cross is now quoting around 0.8421. </P><P>The upside momentum could tempt the market to test the 100-day MA, currently at 0.8476, before targeting 0.8500 psychological level. On the downside, Dec-29 high, at 0.8421, might hold the pair. After that, support could be found at 0.8400 sentiment level and 0.8378, yesterday’s low.</P>Trend Index [?]<ACRONYM title=Overbought/Oversold>OB/OS Index [?]Data updated on Feb 22 a 16:00 GMT (15-minute timeframe) <B>View tech. studies EUR/GBP</B> <IMG alt=FXstreet.com src="/fxstreet-provider-logo1-en.gif"><BR>© 2012 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.<BR>Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.<BR>Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. <B class="float-l icon i-tradertools-forexstudies-l"></B>Forex Studies Monitor the markets with our customizable FX studies. </P><P></P><br /><p><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=5569f34f-d26e-4390-8efa-82d1a796e7a3" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-62929500409557957682012-02-23T05:20:00.000-08:002012-02-23T05:20:00.258-08:00 <P>(Updates prices, adds detail) </P><P>* Yen falls to 7-month low versus dollar of 80.37 yen</P><P>* Dollar resistance around 80.40 yen seen as key</P><P>* Euro zone PMI disappoints, Greece concerns persist</P><P>* Sterling falls after BoE minutes </P><P>LONDON, Feb 22 (Reuters) - The yen hit a seven-month low against the dollar on Wednesday and looked set to stay under pressure after recent monetary easing in Japan (EUREX: FMJP.EX - news) , while the euro struggled against the greenback as markets assessed implications of Greece's bailout deal. </P><P>The dollar hit a peak of 80.37 yen, its highest level since mid-July, with traders citing buying by Japanese importers and offshore players. This took it beyond highs hit in October and August after Japanese authorities took steps to curb yen gains. </P><P>The yen has been on the defensive since the Bank of Japan's surprise move to boost its asset buying programme last week. Some analysts said the move could mark the end of the yen's long-term uptrend that prompted Japan to intervene in the currency market three times last year. </P><P>Comments from a Japanese Ministry of Finance official that there was still a risk of the yen rising, and that Japan would continue to monitor currency moves carefully and would respond as needed, added to broad yen weakness.</P><P>"The initial rebound in our view is a position adjustment following the BoJ's announcement of their shift in policy," said Ian Stannard, head of European FX strategy at Morgan Stanley (EUREX: DWDF.EX - news) . </P><P>"The sustainability of that move is a function of whether we see a change in the behaviour of Japanese investors. A rise in U.S. rate expectations would be a trigger point for another sharp move higher." </P><P>Further gains could be hard-won, with exporters looking to sell into a stronger dollar. The dollar faced resistance around 80.38 yen, the July 12 high, with traders reporting demand to sell around that level and ahead of an options barrier at 80.50 yen. </P><P>Morgan Stanley recommended selling the dollar at 80.40, targeting 77.75, but with a tight stop loss order at 80.65 yen. </P><P>"If we start to move above that level we will probably switch to bullish strategies," said Stannard. </P><P>The dollar has risen roughly 5 percent against the yen so far in February, putting it on track for its biggest monthly percentage gain since March 2010. </P><P>In addition to the BOJ's monetary easing, the yen has come under pressure after data showed that Japan's current account surplus -- a major and constant support for the yen -- fell to a 15-year low last year. </P><P>GREECE CONCERNS PERSIST </P><P>The euro rose to a three-month peak against the Japanese currency of 106.33 yen, its highest since mid-November (Stuttgart: A0Z24E - news) , and was last up 0.55 percent at 106.13 yen. </P><P>But it retreated from near two-week highs against the dollar hit the previous day as optimism over the long-awaited Greek bailout deal reached early on Tuesday gave way to concerns about economic growth and implementation risks. </P><P>The euro was steady at $1.3241, below Tuesday's high of $1.3293, its highest level since Feb. 9. It faced resistance at $1.3306, the 100-day moving average. Since late January the euro has traded in a range roughly between $1.30 and $1.33. </P><P>The euro also came under pressure from surveys showing the euro zone economy in danger of falling into recession as services sector activity shrank along with manufacturing. </P><P>But it rose to a two-month high against sterling of 84.42 pence as the UK currency fell after Bank of England minutes showed two votes for larger asset purchases this month, increasing the risk of more easing later this year. </P><P>Market attention was also focused on the European Central Bank's next long-term refinancing operation next week. The ECB is expected to lend nearly 500 billion euros to banks, although some forecasts were as high as 1 trillion. </P><P>"If the take-up is higher I think the euro goes up on that, it plays on more liquidity being positive for risk appetite. We could see it the other side of $1.35, " said Adam Cole, global head of FX at RBC Capital Markets. </P><P>"But there's an equally large camp that believes LTROs are close enough to quantitative easing to be more currency-negative the larger they are." (Additional reporting by Jessica Mortimer; Editing by John Stonestreet) </P><br /><p><a href="http://uk.finance.yahoo.com/news/forex-yen-hits-7-mth-114848287.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-32262780830152165862012-02-23T00:47:00.000-08:002012-02-23T00:47:00.267-08:00 <BODY readability="27">FXstreet.com (Córdoba) - The Loonie weakened against the Greenback on Wednesday as appetite for risk remained undermined after weak economic data from the euro zone and China and amid lingering concerns about Greece. <P>USD/CAD rose to 1.0012, its highest since Feb 16 early American session and currently is quoting around 1.0005/10 recording a 0.4% gain since opening.</P><P>As for technical levels, next resistances could be found at 1.0015, the 1.0040/50 area and 1.0070, while supports are seen at 0.9985, 0.9955 and 0.9920.</P><br /><p><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f87a7568-c302-487c-96e4-c31bc36b6547" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-91899085789394873002012-02-22T21:12:00.000-08:002012-02-22T21:13:18.829-08:00 <P>(Updates prices, adds quotes, links and graphics; changes dateline, previous LONDON; changes byline) </P><P>* Yen falls to 7-month low versus dollar of 80.37 yen</P><P>* Dollar resistance around 80.40 yen seen as key</P><P>* Euro zone services PMI disappoints, Greece concerns persist</P><P>* Sterling falls after BoE minutes </P><P>NEW YORK (Frankfurt: A0DKRK - news) , Feb 22 (Reuters) - The yen skidded to a seven-month low against the dollar on Wednesday, with more weakness expected as recent monetary easing in Japan (EUREX: FMJP.EX - news) , a rise in oil prices and interest rate differentials weigh on the currency. </P><P>The euro was flat against the greenback as market participants continued to weigh the implications of Greece's bailout deal and a euro zone economy that is teetering on the brink of a recession. </P><P>The yen has been on the defensive since the Bank of Japan's surprise move to boost its asset buying program last week. Some analysts said the move could mark the end of the yen's long-term uptrend that prompted Japan to intervene in the currency market three times last year. </P><P>"We are looking at a sea change in the strength of the yen," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey. </P><P>"Japanese life insurers have been removing their hedges since last week and that is putting pressure on the yen," he said. "The Bank of Japan's movement to inject additional QE (quantitative easing) has been weighing and its setting of an inflation target sets the stage for even more QE." </P><P>The drop in the yen has also been mirroring rising yields in U.S. Treasury securities, at the short end in particular. Oil prices were at a 9-month high and also weighed on the yen. </P><P>"Japan lost a great deal of nuclear power after last year's earthquake, so the rise in oil prices is also a factor." </P><P>The dollar hit a peak of 80.37 yen, its highest since mid-July, with traders citing buying by Japanese importers and offshore players. This took it beyond highs hit in October and August after Japanese authorities acted to curb yen gains. </P><P>Comments from a Japanese Ministry of Finance official that there was still a risk of the yen rising, and that Japan would continue to monitor currency moves carefully and would respond as needed, added to broad yen weakness.</P><P>The dollar faced resistance around 80.38 yen, the July 12 high, with traders reporting demand to sell around that level and ahead of an options barrier at 80.50 yen. </P><P>The dollar has risen roughly 5 percent against the yen so far in February, putting it on track for its biggest monthly percentage gain since March 2010. The euro rose to a three-month peak of 106.32 yen, its highest since mid-November (Stuttgart: A0Z24E - news) , and was last up 0.7 percent at 106.26 yen. </P><P>DANGER OF EURO ZONE RECESSION </P><P>But the euro retreated from near two-week highs against the dollar hit the previous day as optimism over the long-awaited Greek bailout deal reached early on Tuesday gave way to concerns about economic growth and implementation risks. </P><P>Data on Wednesday indicated the euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing. </P><P>Surveys of purchasing managers showed unexpectedly weak activity in the region's most powerful economy, Germany, and in France. </P><P>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ </P><P>Euro zone PMI & GDP growth: http://link.reuters.com/rud84s </P><P>France PMI & GDP growth: http://link.reuters.com/vuv26s </P><P>German PMI, IFO & GDP growth: http://link.reuters.com/puq93S </P><P>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> </P><P>The euro was steady at $1.3232, below Tuesday's high of $1.3293, its highest level since Feb. 9. Since late January the euro has traded in a range roughly between $1.30 and $1.33. </P><P>But the euro rose to a two-month high against sterling as the UK currency fell after Bank of England minutes showed two votes for larger asset purchases this month, increasing the risk of more easing later this year. </P><P>Market attention was also focused on the European Central Bank's next long-term refinancing operation next week. The ECB is expected to lend nearly 500 billion euros to banks, although some forecasts were as high as 1 trillion.</P><P>"If the take-up is higher I think the euro goes up on that, it plays on more liquidity being positive for risk appetite. We could see it the other side of $1.35, " said Adam Cole, global head of FX at RBC Capital Markets. </P><P>"But there's an equally large camp that believes LTROs are close enough to quantitative easing to be more currency-negative the larger they are." (Additional reporting by Nia Williams in London; Editing by Chizu Nomiyama) </P><br /><p><a href="http://uk.finance.yahoo.com/news/forex-yen-slips-7-mth-151811844.html" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-27882165045250281422011-12-07T08:15:00.000-08:002011-12-07T08:15:00.840-08:00 <BODY readability="0"><P><IMG title="China Watch: US Should Fail To Push RMB Higher" border=0 alt="d0b28 adview China Watch: US Should Fail To Push RMB Higher" src="C:\Program Files\ABS\Auto Blog Samurai\data\The Best Forex Trading Platform\fnf\"></P><P>Several events happened in China during a week are approaching to affect, or during slightest marketplace expectation of, a financial process for a world’s second largest economy. Earlier in a week, Central Huijin, a Chinese government’s investment arm, announced that it bought shares of 4 large banks (the Industrial Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank) yesterday and will continue ‘related marketplace operations’ when necessary. The boost in holding this time was tiny when compared with existent stake. However, a pierce by a largest shareholder directed to kindle a banking zone and to assuage concerns about China’s economy, non-performing loans, and a fortitude of financial system. Buoyant view valid to proxy as a US Senate upheld a check to retaliate China for gripping Renminbi undervalued.</P><P>While not approaching to be authorized by a House, a bill, if turn law, will concede US policymakers to find duties to recompense for ‘misaligned’ currencies. House Speaker John Boehner pronounced that it ‘poses a really critical risk of a trade fight and unintended consequences that could come as a result’. The Chinese supervision objected a bill, observant it ‘is protectionism and a critical defilement of a WTO’. The impact on RMB would be minimal and a Chinese supervision will approaching continue a regulated appreciation approach.</P><P>China’s trade over-abundance narrowed for a second uninterrupted month in September, dropping -12.4% from a same duration in 2010 to $14.5B. Exports rose +17.1%y/y to $169.7B, compared with a +24.5% boost in a before month, while imports soared +20.9% to $155.2B, moderating from a +30.2% enlargement in August. The slack in exports and imports was especially brought about by mediation in tellurian mercantile outlook. Considering exports, conveyance to a EU usually climbed 9.8% in September, neatly easing from 22.3% in a August. Shipments to modernized economies also fell though a decrease was not as most as Europe’s. For instance, exports to a US moderated to 11.6% from 12.5% while those to Japan slowed to 21.6% from 29.8%. Exports to rising markets remained clever with conveyance to ASEAN stretched 27.3%, adult from 26.8% in August. Imports generally remained strong notwithstanding a thrust in oil imports that competence have harm oil prices in a near-term. In entrance months, expansion in exports and imports will approaching delayed serve as universe economy deteriorates further. However, imports will continue to overtake exports expansion given a relations volatile expansion opinion in China.</P><IMG title="China Watch: US Should Fail To Push RMB Higher" border=0 alt="d0b28 2011101411 China Watch: US Should Fail To Push RMB Higher" src="/d0b282011101411.gif"></P><P>Headline CPI eased to 6.1% y/y in September, easing from 6.2% in a before month. While this supposing serve justification that acceleration has appearance during 6.6% in July, a reading above 6.0% suggested a supervision would not be means to change a process from commitment on cost pressures to expansion stimulus. Food prices soared 13.4% while non-food prices climbed 2.9%. PPI moderated to 6.5% y/y from 7.3% in August. The dump was some-more than expected. In entrance months, we design acceleration will continue to tumble and a reading next 5% by a finish of a year is probable given decrease in tellurian oil prices, China’s rebate of sell gasoline and diesel prices, stabilization in pig prices as good as debility in tellurian mercantile outlook. Yet, it’s doubtful that a supervision will exercise broadly formed rate cut or rebate in RRR until a transparent downtrend of acceleration is seen. </P><IMG title="China Watch: US Should Fail To Push RMB Higher" border=0 alt="d0b28 2011101412 China Watch: US Should Fail To Push RMB Higher" src="/d0b282011101412.gif"></P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/vKMMyYh-FDs/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-64143945696181945162011-12-07T04:44:00.000-08:002011-12-07T04:44:00.801-08:00 <BODY readability="0"><P>“Forex trade scams is one of a newbie issues. Although we know how to work with forex pitch trade strategies, listening advices from veteran advisors is necessary. They will assistance we avoiding scams most easier and in some-more fit way.” </P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/-kFUVFzDctY/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-89092278368378517732011-12-07T00:26:00.000-08:002011-12-07T00:26:00.605-08:00 <BODY readability="0"><P><IMG title="BOE Increases Asset Bond Purchases to 275B Pound" border=0 alt="e3549 adview BOE Increases Asset Bond Purchases to 275B Pound" src="C:\Program Files\ABS\Auto Blog Samurai\data\The Best Forex Trading Platform\fnf\"></P><P>The BOE astounded a marketplace by augmenting a bond squeeze module by +75B bruise to 275B bruise in response to a thespian decrease in tellurian mercantile outlook. The Bank rate was kept during 0.5%, though. The executive bank was in a quandary on either to tie or to palliate as a UK’s economy has been ripped between gloomy enlargement and high inflation. Reactivation of bond purchases was formed on a faith that acceleration will undershoot a 2% aim in a medium-term due to ‘the decrease in a outlook’.</P><P>Policymakers concurred that ‘the gait of tellurian enlargement has slackened, generally in a United Kingdom’s categorical trade markets’ and ‘vulnerabilities compared with a indebtedness’ in some countries in a Eurozone have resulted in ‘severe strains in bank appropriation markets and financial markets some-more generally’. UK’s GDP grew +0.6% y/y in 2Q11, tolerably neatly from +1.6% in a before quarter. Fiscal tightening in a nation is approaching to harm enlargement in a future. Moreover, purgation measures to be implemented by UK’s trade partner, a Eurozone, will put vigour on a country’s growth.</P><P>Heightening acceleration remained an issue. Headline CPI rose to +4.5% y/y in August, accelerating from +4.4% in a before month. Despite this, policymakers believed stream high acceleration has been driven by proxy factors such as VAT travel and boost in application price. It’s approaching that cost vigour will tumble and lapse next BOE’s aim amid weaker mercantile outlook.</P><P>The squeeze module will take about 4 months to complete. The BOE affianced to examination a scale of a purchases. The bruise slumped after a proclamation as a grade of easing was incomparable than expected. Expanding item purchases is disastrous for a bruise in inlet and a bigger-than-expected boost indicated that UK’s mercantile opinion would be worse than formerly anticipated.</P><IMG title="BOE Increases Asset Bond Purchases to 275B Pound" border=0 alt="e3549 2011100631 BOE Increases Asset Bond Purchases to 275B Pound" src="/e35492011100631.gif"></P><IMG title="BOE Increases Asset Bond Purchases to 275B Pound" border=0 alt="e3549 2011100632 BOE Increases Asset Bond Purchases to 275B Pound" src="/e35492011100632.gif"></P><IMG title="BOE Increases Asset Bond Purchases to 275B Pound" border=0 alt="e3549 2011100633 BOE Increases Asset Bond Purchases to 275B Pound" src="/e35492011100633.gif"></P><IMG title="BOE Increases Asset Bond Purchases to 275B Pound" border=0 alt="e3549 2011100634 BOE Increases Asset Bond Purchases to 275B Pound" src="/e35492011100634.gif"></P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/0k1mBYfxiWc/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-47702301430872282842011-12-06T20:11:00.000-08:002011-12-06T20:11:00.705-08:00 <BODY readability="0"><P><IMG title="RBA Turns Dovish, Rate Cut Stance Looms" border=0 alt="e3549 adview RBA Turns Dovish, Rate Cut Stance Looms" src="C:\Program Files\ABS\Auto Blog Samurai\data\The Best Forex Trading Platform\fnf\"></P><P>As expected, a RBA left a money rate unvaried during 4.75%. Yet a post-meeting matter came in some-more dovish than a prior one. Governor Glenn Stevens downplayed impacts of new decrease US and European outlook. Nevertheless, it now appears some-more expected that a executive bank will cruise a rate cut in entrance months if acceleration is underneath control. We keep a perspective that a rate cut will be carried out in a fourth quarter.</P><P>In a statement, Stevens concurred that ‘conditions in tellurian financial markets have continued to be really unsettled’, ‘recent information advise a stability duration of soothing mercantile conditions in both Europe and a United States’ and ‘the doubt and financial sensitivity have reduced confidence, that could outcome in some-more discreet function by firms and households in vital countries’. Yet, he believed ‘it will take some-more time for justification of any effects of a new European and US financial turmoil on mercantile activity in other regions to emerge’. Continued enlargement in China and many of Asia should assistance support a economy.</P><P>Policymakers signaled they have incited some-more loose towards a acceleration outlook. The RBA had been struggling in handling between aloft acceleration and slower growth. As mentioned in a statement, ‘underlying acceleration stopped descending and began to boost progressing this year’ and policymakers have been endangered about ‘a serve pick-up’ in cost levels ‘over a duration ahead’. At a same time, a stagnation rate surprisingly increasing to 5.3% in Sep from 5.1% a month ago. House prices have been negligence consistently and domicile spending has been cautious. These are opposing issues inspiring a executive bank financial stance. </P><P>Yet, they also combined that ‘recently revised information uncover a pick-up to date in a underlying gait of cost rises that was reduction pointy than primarily indicated’. It’s also combined in a matter that ‘improved acceleration opinion would boost a range for financial process to yield some support to demand, should that infer necessary’. This paved a approach for financial easing in entrance months. </P><P>Now that a RBA has incited somewhat is position towards financial easing. The subsequent critical eventuality would be recover of 3Q11 CPI in late October. The pivotal doubt is either a reading is low adequate for a executive bank adopt a rate cut</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/Enx6ZtEI0iA/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0tag:blogger.com,1999:blog-7429273530711569671.post-4344429226740006302011-12-06T16:35:00.000-08:002011-12-06T16:35:00.863-08:00 <BODY readability="0">Home Special Reports Fed Favors Improving Communication, Balance Sheet Expansion Appears Unlikely Unless Deflation … <P><IMG title="Fed Favors Improving Communication, Balance Sheet Expansion Appears Unlikely Unless Deflation ..." border=0 alt="7228c adview Fed Favors Improving Communication, Balance Sheet Expansion Appears Unlikely Unless Deflation ..." src="C:\Program Files\ABS\Auto Blog Samurai\data\The Best Forex Trading Platform\fnf\"></P><P>Some new information was delivered in a Sep FOMC minutes. First, many policymakers lowered their forecasts for a rest of 2011 and 2012. Yet, retrogression is not their concerns. Second, many members saw advantages in improving communication per a goals for acceleration and unemployment. However, there were concerns about a correct resource to equivocate misunderstanding. Moreover, 3 process options for handling a distance and combination of a System Open Market Account (SOMA) were discussed during a meeting: a reinvestment majority prolongation program, a SOMA portfolio majority prolongation program, and a large-scale item squeeze program. While a second option, famous as operation twist, has been chosen, 2 members adored stronger movement while 3 members dissented to take additional accommodation’.</P><P>As indicated in a minutes, a staff ‘lowered a projection for a boost in genuine GDP in a second half of 2011 and in a middle term’. Information perceived given a final assembly suggested ‘that mercantile expansion remained delayed yet did not advise a contraction in activity’. The acceleration opinion was small changed. It’s believed that ‘upward vigour on consumer prices from increases in import and commodity prices early in a year, along with a proxy boost to engine car prices from low inventories, were approaching to incline serve in entrance quarters’. Meanwhile, ‘stable long-run acceleration expectations and substantial tardy in labor and product markets’ indicated that acceleration would sojourn resigned in entrance 2 years.</P><P>Policymakers believed improving communication with a marketplace would be helpful. ‘Most participants indicated that they adored holding stairs to boost serve clarity of financial policy, including providing some-more information about a Committee’s longer-run process objectives and about a factors that change a Committee’s process decisions’. Most of them ‘saw advantages in being some-more pure about a conditionality in a Committee’s brazen superintendence by providing some-more information about a mercantile conditions to that a superintendence refers’. However, there were debates on either a superintendence would ‘be mistaken for a matter of a longer-run objectives’. Some believed this risk of perplexity could be managed by clever communications, though.</P><P>There were also discussions per a rebate of seductiveness on pot (IOR) rate. ‘A series of participants’ suspicion that it would ‘help kindle bank lending’ and ‘several’ pronounced that it would ‘help vigilance a Committee’s goal to keep a sovereign supports rate low’. However, many of them endangered a pierce would risk ‘costly disruptions to income markets and to a intermediation of credit, and that a bulk of such effects would be formidable to envision in advance’.</P><P>Regarding a 3 options for handling a distance and combination of a SOMA, a re reinvestment majority prolongation module suggested that a Fed would reinvest deduction of group bonds exclusively in long-term Treasury securities. For a second one, a Fed would squeeze long-term Treasury bonds and concurrently sell a same volume of shorter-term Treasury securities. For a third option, a Fed would squeeze longer-term Treasury securities, augmenting a distance of a change piece and a supply of haven balances. As announced after a assembly final month, a second choice was adopted. It’s remarkable in a mins that this choice was selected as it would not enhance a Fed’s change piece or a turn of haven balances. Members also remarkable that that ‘the scale of such a module was indispensably singular by a distance of a Fed’s land of shorter-term bonds so that it could not be steady to yield serve stimulus’. While 2 members adored ‘stronger process action’, it speared that a ardour for expanding a change piece was minimal unless deflation fear returns.</P><br /><p><a href="http://feedproxy.google.com/~r/Forexnewsfeedscom/~3/WHowIzMmjkg/" target="_blank" rel="nofollow">View the original article here</a></p>Robert Connorhttp://www.blogger.com/profile/15598728437561151287noreply@blogger.com0