| | | | By Mike Paterson on Aug 29, 2013 04:55 am
Currently 0.8935 Sellers 0.8955 0.8970 0.8980 0.9000 0.9010 0.9020 0.9050 Buyers 0.8930 0.8920 0.8900 0.8880 0.8865 0.8850 0.8830 0.8800
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By Mike Paterson on Aug 29, 2013 04:49 am
Currently 1.5511 Sellers 1.5530 1.5550 1.5570 1.5590 1.5600 1.5610 1.5620 1.5650 Buyers 1.5500 1.5485 1.5465 1.5450 1.5425 1.5400
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By Mike Paterson on Aug 29, 2013 04:37 am
Currently 98.12 Sellers 98.35 98.40 98.55 98.80 99.00 99.15 99.30 99.50 Buyers 98.00 97.85 97.65 97.50 97.25 97.00 96.50
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By Mike Paterson on Aug 29, 2013 04:30 am
Apols for the delay this morning but hopefully my other posts have been equally as informative, and have, after all, been order related ! And my little typing fingers are on fire. Let's hope we get no more news out while I put up all the orders Currently 1.3266 Sellers 1.3280 1.3300 1.3310 1.3330 1.3350 1.3380 1.3390 1.3400 1.3410 1.3420 Buyers 1.3250 ( option related as posted earlier. stop loss selling if breached) 1.3230 1.3210 1.3200 1.3185 1.3160
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By Mike Paterson on Aug 29, 2013 04:21 am
Out just now on Reuters * says central banks have shown they can act reasonably if required * says large amount of deposits at ECB reflects uncertainty but money markets starting to work * seeing trend for market paticipants to hold more liquidity lasting for some time More of the same No impact EURUSD 1.3265
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By Mike Paterson on Aug 29, 2013 04:17 am
* 97.4 prev revised up from 97.3
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By Mike Paterson on Aug 29, 2013 04:13 am
* 2.9 mln prev * unemployment rate remains at 6.8% Out just now but I'm sure you've all seen it anyhow EURUSD still holding above 1.3250 and a little higher now at 1.3264
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By Mike Paterson on Aug 29, 2013 04:04 am
Further to my earlier options expiry post (http://www.forexlive.com/blog/2013/08/29/option-expiries-10am-ny-cut-29-august/) ( which I have now updated ) I'm now hearing talk that the EURUSD expiry at 10 am NY for 1.3250 could be worth at least USD 500 mln It's a vanilla option so will still be in play regardless, but judging by the current price action someone seems keen to defend it as a barrier too Low post 1.3254 before a weak rally to 1.3258
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By Mike Paterson on Aug 29, 2013 03:57 am
Vodafone shares have this morning jumped on confirmation that they're in talks to sell their 45% stake in US operator Verizon. Shares have posted a 12year high of 205.31 up 8% on the day This has been a widely talked about deal for some time and has attracted the obvious connection of a demand for pounds if the deal goes through. Final cash amount/impact still to be revealed but traders once again citing the potential demand as a reason for the perky pound this morning Add: My wise and learned friend who heads a major London equities desks tells me the stake is worth c. USD 130 bln GBPUSD holding onto 1.5500 still at the moment EURGBP has taken out bids at 0.8550 to post 0.8546
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By Mike Paterson on Aug 29, 2013 03:40 am
At least not yet, and not without UN support This is the background to my recent posts on the reduced safe-haven demand President Obama has scaled back his rhetoric (http://www.forexlive.com/blog/2013/08/28/obama-syria-strike-chemical-weapons-29-august-2013/) in the face of increasing opposition, and UK PM Cameron has to contain his gung-ho approach as the danger of losing a parliamentary vote becomes more apparent. Today the UK's House of Commons will debate the Syrian crisis but not vote on any motion to intervene with military action, in the face of losing support of the opposition parties as well as many within his own ranks. The memory of Iraq rings ever louder and justifably so. The BBC here carries more on today's UK parliamentary debate (http://www.bbc.co.uk/news/uk-politics-23862114)
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By Mike Paterson on Aug 29, 2013 03:28 am
USDCHF unchanged at 0.9270 EURCHF 1.2300
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By Mike Paterson on Aug 29, 2013 03:23 am
Further to my previous post talking about the reduced safe haven demand we're naturally seeing a fall in the shiny stuff this morning after its recent surge higher With US and UK lawmakers now unlikely to approve any immediate strikes on Syria despite govt wishes gold has fallen to USD1405 before finding a few bids to rally to 1409 On Wednesday gold posted 3 1/2 month highs of 1433.31, 21% higher than the 3 year lows of 1180.71 posted in June. http://www.forexlive.com/wp-content/uploads/2013/08/Gold-H1-29-August.gif XAUUSD H1 29 August
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By Mike Paterson on Aug 29, 2013 03:07 am
* FTSE +0.1% * DAX +0.4% * CAC 40 +0.3% * IBEX +0.3% * FTMIB +0.5%
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By Mike Paterson on Aug 29, 2013 03:02 am
EURUSD stops through 1.3290-00 triggering general USD move higher as fears of imminent strike in Syria subside,reducing safe haven demand USDJPY has taken out offers at 98.00 with stop loss buying to 98.19 so far USDCHF up to 0.9279 GBPUSD clinging onto bids around 1.5500
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By Mike Paterson on Aug 29, 2013 02:49 am
* 95 prev Better than expected but not helping the euro EURUSD now down at 1.3372
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By Mike Paterson on Aug 29, 2013 02:46 am
* premature to say crisis is over * banking union in coming months is key to making progress EU Commission's chief economist speaking at a conference at Alpbach Let's be clear, especially in view of the dramatic levels on unemployment in many parts of Europe there is no room for complacency.Pronouncements that the crisis is over are premature to say the least Euro lower on the dovish/cautious talk EURUSD triggered stops below 1.3300 Currently 1.3286 EURGBP slapped through bids at 0.8565 to post 0.8557. currently 0.8560 EURJPY took out bids at 130.00 to post 129.97.. currently 130.16 Thin markets exacerbating the moves
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By Mike Paterson on Aug 29, 2013 02:05 am
* DAX futures down 0.1% * CAC40 futures down 0.2% Bund futures down 2 at 140.28
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By Mike Paterson on Aug 29, 2013 02:02 am
* +121.25 * high 13,463.14 * low 13,364.82 * USDJPY 97.80
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By Mike Paterson on Aug 29, 2013 01:58 am
Out on reuters Also * Indian trade minister denies he has said that India should mortgage or auction gold I doubt whether either comment will have any immediate impact Let's see if they announce any new measures tomorrow. Unlikely though.
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By Mike Paterson on Aug 29, 2013 01:52 am
The dep gov's reply when asked if BOJ needed to ease more to cushion effect of prompt sales tax hike * will scrutinize capex, household income data to determine whether Japan's economy is recovering * global economic outlook remains biggest threat to domestic recovery More of the same from Mr Morimoto USDJPY a little higher at 97.80 as Nikkei pushes up toward the close
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