InstaForex

Your forexlive.com ENewsletter

Thursday, November 1, 2012

Your forexlive.com ENewsletter

Link to ForexLive

Greek October Mfg PMI falls to 41.0 from 42.2 in September

Posted: 01 Nov 2012 02:01 AM PDT

Lowest reading for  4 months :(

Swiss October Mfg PMI rises to 46.1

Posted: 01 Nov 2012 01:31 AM PDT

Above market consensus of 44.5 and last month’s reading of 43.6,  but still showing contraction with the 7th consecutive month under 50

Swiss September retail sales 5.4% y/y

Posted: 01 Nov 2012 01:18 AM PDT

Down from a revised 6% y/y  in August

Option expiries (updated)

Posted: 01 Nov 2012 01:14 AM PDT

For the 1000 NY cut

EUR/USD: 1.2875, 1.2900, 1.2915, 1.2965, 1.3000, 1.3100

GBP/USD: 1.6100, 1.6120

EUR/GBP: 0.8000, 0.8150

USD/JPY: 79.25, 79.30, 79.50, 80.00

EUR/JPY: 104.00, 104.10

AUD/JPY: 82.20, 82.60

AUD/USD: 1.0275, 1.0300, 1.0330, 1.0350, 1.0400, 1.0450

Lloyds banking Group pre-tax loss £144 mio for last quarter

Posted: 01 Nov 2012 12:54 AM PDT

£1 billion of it was down to another charge on its mis-sold loan insurance, still not as bad as a year ago when the reported loss was £607 mio .

I’m getting sick and tired of the endless call- centre calls asking me if i’m a victim,

Mutterings of sovereign bids in EUR/USD

Posted: 01 Nov 2012 12:45 AM PDT

Below 1.2930, but larger interest is apparently just under 1.2900.

(Day’s low 1.29265 on the EBS)

Swedish PMI falls to 43.1 in October

Posted: 01 Nov 2012 12:42 AM PDT

A 3 year low apparently.

Bank analysts  were looking for 45.0. EUR/SEK jumps up to 8.6250 on the poor reading, from 8.5910

Can’t trade this pair its a mad mover….

Today’s orderboard

Posted: 01 Nov 2012 12:30 AM PDT

EUR/USD:   Offers 1.2970/80 and 1.3000/20 suggested buy stops through 1.3025. Bids 1.2930/40 sell stops below ahead of more bids 1.2915/25. Sell stops below ahead of larger bids 1.2880/00 (sovereigns) and more stops through 1.2875

GBP/USD:   Bids 1.6100/10, possible sell stops through 1.6095 ahead of more bids 1.6065/75. Larger down at 1.6000/20 with sell stops below and through 1.5975. Offers 1.6140/50 and from 1.6180 up to 1.6200

EUR/GBP:  Offers 0.8070/75, tech res/offers 0.8090/00 (0.8099- 200 day MA) likely buy stops just above, and more offers 0.8135/45. Bids 0.8000 /10 (cloud top 0.8010, 55 day MA 0.8004) and tech support 0.7968 (100 day MA)

USD/JPY:  Bids 79.80/90, 79.40/50, large bids 79.00/20 and large sell stops below through 78.95. Offers 80.10/20 and above at 80.40/50 (80.50 possible barrier) buy stops above both.

EUR/JPY:  Bids 103.40/50 and 103.00/10 sell stops just below. Offers 103.80/00 and 104.30/40

AUD/JPY: Bids 82.75/85 and 82.40/50 (tankan line 82.50), sell stops through 82.30 ahead of tech supp 82.20/25 (200 day MA 82.20), sell stops through 82.00  Offers83.10/20 possible  buy stops up through 83.25 ahead of offers 83.50/60 (Aug 21 high 83.57)

AUD/USD:  Strong offers 1.0390/00 from hedge funds, real money, RBA commercial (1.0395 daily cloud base, 1.0400 possible barrier) with buy stops through 1.0410.  Further offers 1.0440/50 (61.8% of 14 Sept-8 Oct fall around 1.0444). Bids 1.0340/50 (200 day MA 1.0339),  sell stops below ahead of bids 1.0300/10 sell stops down through 1.0280 ahead of stronger bids 1.0230/50  and 1.0200/10 (barrier 1.0200) .

EUR/AUD:  Bids 1.2450/60 likely sell stops below ahead of tech support bids 1.2420/30 (Oct 2 lows) and 200 day MA at 1.2411.  Offers 1.2500/10, 1.2540/50 and 1.2590/00

NZD/USD:  Offers 0.8225/35 likely buy stops above ahead of tech res 0.8260/70 (Oct 5 high 0.8266). Bids 0.8195/05 (cloud top 0.8197), 0.8180/90 (38.2% retracement of 5-28 Sept rise around 0.8188) possible sell stops through 0.8165 (55 day MA 0.8168)

 

EUR/USD slipping in early Europe

Posted: 01 Nov 2012 12:19 AM PDT

No doubt a reaction to the  the headline on DJ that Spain intends to extend its short selling ban on securities for another 3 months.

EUR/USD’s just off day’s lows of 1.2942

Shanghai Composite closes up 1.7%

Posted: 01 Nov 2012 12:11 AM PDT

Good start to the new month , boosted by the PMI data and local Chinese governments easing property restrictions

UK Nationwide: October House Prices Show 0.6% Rise On Month

Posted: 01 Nov 2012 12:10 AM PDT

-Oct House Prices Up 0.6% m/m; Fall 0.9% y/y

LONDON (MNI) – House prices rose 0.6% in October after having
fallen 0.4% in September, according to the latest House Price Index from
Nationwide.

The Nationwide data show moderate levels of house price deflation,
with October prices down 0.9% on the year compared to down 1.4% in
September and a 0.7% drop in August.

Analysts had expected only a slight bounceback from the September
monthly fall, with the median forecast for a 0.2% rise on the month in
October.

The average UK house price stood at stg164,153 in October, up
from the stg162,228 trough seen in January but below the 2012 peak of
stg165,738 seen in June.

The Nationwide data, showing modest price deflation on the year,
contrast with data from Land Registry which showed there was still
modest house price inflation in England and Wales in September, with
London property price gains far outstripping those in other regions.
Overall, house price surveys for 2012 have shown monthly movements in
both directions with, at worst, modest price deflation on the year.

Commenting on the data, Robert Gardner, Nationwide’s chief
economist, said:

“The annual pace of change continues to display a picture of
relative stability, with house prices down just 0.9% compared to October
2011. This maintains the pattern that has been evident since late 2010,
with annual price growth remaining in a narrow band between +1.5% and
-1.5% on all but two occasions over the past two years.”

-London newsroom: +4420 7862 7491; e-mail: wwilkes@marketnews.com

[TOPICS: M$B$$$,MABDS$]

UK October Nationwide House prices rise 0.6% m/m -0.9% y/y

Posted: 01 Nov 2012 12:06 AM PDT

Showing further rises from readings of -0.4%m/m and -1.4% y/y in September and above Reuters forecasts of +0.2%, -1.2%

Irish October Mfg PMI rises to 52.1 from 51.8 in September

Posted: 01 Nov 2012 12:05 AM PDT

Another improvement and the 8th successive rise

New PMI export orders jump to 51.8 from 48.4 in Sept

AUD/USD remains rangebound

Posted: 31 Oct 2012 11:44 PM PDT

For now at least…

1.0400 is proving to be a stumbling block for the bulls with talk of hedge funds and possible RBA commercial interest capping, and the 200 day MA down at  1.0339 is proving to be supportive.

There’s also some suggestion of a barrier up there at 1.0400, but larger offers also lurk above in the 1.0440/50 region which also includes a 61.8% fibo retracement at 1.0444.

The HSBC PMI rose to 49.5 from  49.1 ( 8 month high), but this hasn’t manage to spark another run up. Downside sell stops are noted through the 200 day MA ahead of strong bids sitting down at 1.0300/10 ahead of further stops on a break, and again through 1.0280

AUD’s presently sitting around 1.0365

 

Today’s option expiries

Posted: 31 Oct 2012 11:14 PM PDT

For the 1000 NY/1400 GMT cut:

EUR/USD: 1.2875, 1.2900, 1.2915. 1.3000, 1.3100

GBP/USD: 1.6100, 1.6120

EUR/GBP: 0.8000, 0.8150

USD/JPY: 79.25, 79.30, 79.50

EUR/JPY: 104.00:

AUD/JPY: 82.20

AUD/USD: 1.0275

Feels like a Groundhog day…

Posted: 31 Oct 2012 11:01 PM PDT

Wasn’t this where we were yesterday morning….

EUR/USD’s back around 1.2955/60 after a little excursion up through 1.3000 yesterday, but it does seem to be handcuffed into the same old range.  Slightly mixed  Chinese PMI data has failed to spark a significant reaction and little’s really changing on the order front this morning.

Offers are lined up from 1.3000 and through to 1.3020 with probable stops sitting above 1.3025. Downside bids await in the 1.2940/50 with some sell stops below ahead of further bids at 1.2920/30 and 1.2880/00 (sovereigns).

(Gerry taking a couple of days out , as i’m doing the same next week)

‘The demands of foreign lenders are unfair. I will not vote for this austerity’

Posted: 31 Oct 2012 10:41 PM PDT

That’ll be Fotis Kouvelis,  leader of Greece’s Democratic Left, who refuses to take the harsh medicine being demanded by the Troika.

His party would ‘in no way’ back an austerity bill that included controversial labour reforms, which will likely result in further delays before the next tranche of bailout funds is paid and risks plunging the Eurozone  back into a crisis.

More... ekathimerini

 

 

 

Japan Oct New Vehicle Sales Post 2nd Straight Y/Y Fall

Posted: 31 Oct 2012 10:30 PM PDT

– Japan Oct New Vehicle Sales -9.0% Y/Y Vs Sep -8.1%
– Japan Oct New Vehicle Sales Post 2nd Straight Decline
– Japan Oct New Mini-Vehicle Sales +0.5% Y/Y Vs Sep +6.6%
– Japan Oct New Mini-Vehicle Sales Post 13th Straight Y/Y Rise

TOKYO (MNI) – New vehicle sales in Japan fell for a second straight month
in October as the effects of government stimulus measures waned, data released
by the Japan Automobile Dealers Association on Thursday showed.

New vehicle sales declined by 9.0% year-on-year to 225,543 units in
October, and followed a 8.1% fall in September, the latter being the first y/y
fall in new vehicle sales in 13 months.

In December last year, the government revived subsidies for buying
low-emission vehicles, a program that had initially ended in September 2010 and
caused a year-long stagnation in domestic vehicle sales. But the latest round of
subsidies was also terminated in September this year.

Separately, the Japan Mini Vehicle Association reported that domestic sales
of new small vehicles (with engine displacement of less than 660 cc) rose 0.5%
y/y to 133,790 in October, the 13th straight year-on-year rise, following a 6.6%
rise in September.

–email: yseki@mni-news.com

[TOPICS: MAJDS$,M$J$$$]

JAPAN DATA: From monthly car sales data: — Japan….

Posted: 31 Oct 2012 10:30 PM PDT

JAPAN DATA: From monthly car sales data:
– Japan Oct New Vehicle Sales -9.0% Y/Y Vs Sep -8.1%
– Japan Oct New Vehicle Sales Post 2nd Straight Decline
– Japan Oct New Mini-Vehicle Sales +0.5% Y/Y Vs Sep +6.6%
– Japan Oct New Mini-Vehicle Sales Post 13th Straight Y/Y Rise

The German bloc will have to take its bitter medicine in Greece

Posted: 31 Oct 2012 10:20 PM PDT

A thinning parliamentary majority and  a budget that forecasts debt ratio to GDP of 189% leaves Greece in a perilous position, and isn’t going to look good for Angela Merkel either ….

More….AEP in the UK Telegraph


at 5:05 PM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)