European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 08 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 07 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 07 Aug 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Italian’s Job: Premier Talks Tough in Bid to Save Euro.-WSJ

Bond buying plan heightens ECB dilemma.-FT

German opposition backs fiscal union.-FT

Pimco’s Gross to Investors: Stay Away From Europe.-CNBC

Standard Chartered Faces N.Y. Suspension Over Iran Deals.-Bloomberg

Assad Isolation Grows as Rebels Claim Syria PM Defected.-Bloomberg

Gold Trove Found At Israel Castle Reveals Crusaders’ Forex Moves.-Bloomberg

America’s wrap up:

Federal Reserve says U.S. bank lending conditions easing.-Reuters

Despite Signs of Recovery, Many Struggling: Bernanke.-CNBC

As Elections Loom, Fed’s Fisher Sees Policy Minefield.-CNBC

Fed’s Rosengren favors more bond purchases.-Reuters

Knight Capital gets $400 million rescue, shares tumble 06 Aug 2012.-Reuters

Goldman’s MIST Topping BRICs as Smaller Markets Outperform.-Bloomberg

Apple Ties to Samsung in Sharp Contrast to Courtoom Clash.-Bloomberg

Strong peso hits Colombia’s exporters.-FT

Peru Sol Gains on Speculation Central Banks May Take More Steps.-Bloomberg

Asia-Pacific summary:

Most Asia Stocks Climb; Won Rises; Yen Gains Before BOJ Meet.-Bloomberg

Tokyo Bourse Suffers Glitch, Halts Derivatives Trading.-CNBC

RBA Holds Rate as Household Spending, Currency Surge.-Bloomberg

Australian dollar hits 4-1/2 mth high; RBA holds fire.-Reuters

India pledges to boost investment.-FT

European news:

Is Spain Stumbling Towards a Full Bailout?.-CNBC

Monti Warns of Euro Breakup as Disagreements Harden Over ECB Aid for Spain.-Bloomberg

Greece’s bond auction to test resolve.-FT

U.K. Retail Sales Increase on Olympic Boost for Food and Drink, BRC Says.-Bloomberg

A Rift Emerges in U.K. Coalition.-WSJ

Ruble Strengthens Versus Dollar, Bond Yields Drop After Oil Gain.-Bloomberg

Romania steps in to strengthen leu.-FT

FOREX action

EUR: The euro crosses are moving sideways following recent gains. Spain and Italy´s debt woes continue and there is renewed talk of a sovereign bailout after the summer. EUR-USD is in the middle of the 1.2340-1.2440 range. EUR-JPY is a bit below 97.00.

GBP: The sterling crosses are giving up some of their recent gains. Industrial production figures are scheduled for release today. The cable is now a bit below 1.5600, while GBP-JPY is trading near 122.00. EUR-GBP is consolidating after breaching the 0.7900 resistance zone. It should pause before testing the 0.80 threshold.

CHF: The Swiss franc is easing versus the dollar and the euro. The USD-CHF cross rate is consolidating below 0.97. Meanwhile, EUR-CHF rallied a bit yesterday, to 1.2080. There are two possibilities, SNB intervention to weaken the franc or a supposed trading error. The pair is now close to its familiar trading range close to 1.2000.

Nordics: Both the NOK and the SEK are rising versus the dollar and the euro. Brent gains help the NOK.

USD & JPY: The greenback and the yen are losing ground. Yet, a ‘risk on-risk off’ summer context could help them. Yesterday’s speech by Ben Bernanke held hints of further monetary stimulus. Our guess is that QE3 could arrive as early as September. It could also be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY is now moving close to 78.32.

CAD, AUD & NZD: The three dollars are advancing in synch. Australia’s RBA has kept its interest rate al 3.5% while acknowledging that China’s growth has moderated to a more sustainable pace, but does not appear to be slowing further. AUD-USD has broken the 1.06 resistance level on an intraday basis.

European session FX preopen
Posted on: 20 Jul 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

World braced for new food crisis.-FT

Global economy hobbled by Europe, 2013 promises more.-Reuters

German lawmakers approve Spanish rescue.-FT

Spain Struggles to Sell Debt as French Yields Fall to Record.-Bloomberg

Brussels Beat: ECB Sees Less Risk in Changing Course.-WSJ

China Corporate Profits Sinking May Pressure Wen to Reduce Taxes.-Bloomberg

No Inflation With Record-Low Yields Boosting Emerging Bonds.-Bloomberg

Violence in Syria Escalates as Russia Again Shields Assad.-Bloomberg

Russia, China veto U.N. Security Council resolution on Syria.-Reuters

Days are Numbered for Syrian Regime: Expert.-CNBC

South Africa Unexpectedly Cuts Benchmark Lending Rate.-Bloomberg

America’s wrap up:

US earnings push stocks to two-month highs.-FT

Factory, jobs data show economy mired in weakness.-Reuters

US Home Sales to Factories Point to Second-Half Weakness.-Bloomberg

Manufacturing in Philadelphia Area Falls for Third Month.-Bloomberg

Fed can control long-term rates, top official argues in paper.-Reuters

GOP Takes Aim at Federal Reserve and Bernanke.-CNBC

Tea Party Race for Compromise on Fiscal Cliff.-CNBC

Obama eyes Florida on rising economic angst.-Reuters

Reagan Praised Entrepreneurs, Obama Trashes Them.-CNBC

U.S. banks haunted by mortgage demons that won’t go away.-Reuters

Apple’s latest iPad makes low-key debut in China.-Reuters

Microsoft Swings to Loss.-WSJ

Mayer gets $70 million pay package to lead Yahoo.-Reuters

Canadian Dollar Reaches Two-Month High Amid Bets on Stimulus by Fed, China.-Bloomberg

Asia-Pacific summary:

Asia Stocks Drop With Euro on Global Concern

BOJ Shirakawa: Europe crisis risks further yen rise.-Reuters

Sinking China Profits May Pressure Wen on Taxes.-Bloomberg

Zuma warns on Africa’s ties to China.-FT

Weakest Monsoon Since 2009 Seen Shrinking India’s Rice Harvest This Year

Indian premier faces economic challenge.-FT

Thaksin Calls for Talks Over His Return to Thailand.-Bloomberg

European news:

German Lawmakers Back Aid for Spain.-WSJ

Greeks Brace for Pain on Wages.-WSJ

Spain Insists $15 Billion Aid for Regions Won’t Swell Guindos Debt Plans.-Bloomberg

Spain Bond Sale Sends Chill.-WSJ

Ireland Bulldozes Ghost Estate in Glimpse of Life Following Housing Bubble.-Bloomberg

Euro slips on Spain worries, near record low vs Aussie.-Reuters

Warm glow of Sweden’s ‘all weather’ currency.-FT

Regulator gears up wider Libor inquiry.-FT

Peugeot case reflects Hollande’s dilemma.-FT

Edmund Phelps Germany is right to ask for austerity.-FT

FOREX action

EUR: The euro crosses are consolidating following yesterday’s losses which were acute versus the GBP, JPY, AUD and other pairs. Spain’s debt auction reminded the market that the European crisis is entrenched and there is renewed talk of a sovereign bailout after the summer. EUR-USD is moving in the middle of the 1.22-1.23 range. All eyes are set on the 1.21627 support level. EUR-JPY is holding above 96.00. Below that level Japanese authorities are prone to intervene to avoid yen appreciation.

GBP: The sterling crosses give up some of their recent gains. Eurozone risk aversion buttresses the pound. Public sector net borrowing figures are scheduled to be released today. The cable is now a bit below 1.5700, while GBP-JPY trades near 123.32. EUR-GBP breached yesterday the 0.7800 support zone but it is now above that threshold.

CHF: The Swiss franc is firmer against the dollar. The USD-CHF cross rate is consolidating after reaching a one and a half year high at 0.98731. In a wide sense the franc is considered to be a euro related play. Meanwhile, EUR-CHF is in its familiar trading range close to 1.2000. No change ahead expected as the SNB is still determined to defend that ‘Maginot’ line.

Nordics: Both the NOK and the SEK are moving sideways versus the dollar and the euro. They may finish the week with an upside bias that is specially acute in the SEK. The hawkish Riksbank minutes released this week show that the strong economic performance of Sweden could see he country avoid a rate cut below the current 1.50% level.

USD & JPY: The greenback and the yen are still preferred in a ‘risk on-risk off’ context. As previously thought, Bernanke’s two day testimony in Congress, while acknowledging the slowdown of the US economy, gave no hint of further monetary stimulus. Our guess is for the arrival of QE3 as early as September. It could be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. USD-JPY dropped yesterday from the 78.50 zone and is now moving close to 78.58.

CAD, AUD & NZD: The three dollars take a much needed pause against their peers after their strong weekly behavior. USD-CAD finally broke the important support found in the 1.0100 area and fell towards parity. AUD-USD is still trading above 1.04.

European session FX preopen
Posted on: 19 Jul 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Post Bernanke, Focus Turns to Jobless Claims, Earnings.-CNBC

Eurozone banking union is a priority, says IMF

China boosts Africa ties with $20 billion in loans.-Reuters

When It Comes to Demography—It’s India 1, China 0.-CNBC

Spain Sells Bonds in Market Test as Street Protests Loom.-Bloomberg

Buyers Betting Wen Can’t Keep Lid on Prices as China’s Home Sales Rebound.-Bloomberg

Act now to avert new great depression, economist Duncan says.-Reuters

No sign of Assad after bomb kills kin, rebels close in.-Reuters

America’s wrap up:

Fed’s Beige Book: Growth, Hiring Slowed in Parts of US.-CNBC

Bernanke: ‘We Don’t See a Double-Dip Recession’.-CNBC

Balanced mix of reforms needed: Geithner.-Reuters

Former Treasury Official: QEs ‘Are Like Morphine’.-CNBC

Home Starts in U.S. Rise to Highest Level Since 2008.-Bloomberg

Romney accuses Obama of demonizing success.-Reuters

Israel remains wild card amid US bluster.-FT

US utilities fear approach of fiscal cliff.-FT

Apple Must State Samsung Didn’t Copy IPad.-Bloomberg

Bill Gross return to form as flagship ETF doubles.-FT

Canadian Currency Advances on Global Growth Outlook as Stock Prices Rally.-Bloomberg

HSBC’s Mexico nightmare on money laundering.-FT

Asia-Pacific summary:

China to buy US assets via GM pension.-FT

Inflows point the way to intervention by Tokyo.-FT

Yen Advances Versus Peers Before German Vote on Spain Aid; Aussie Climbs.-Bloomberg

Australia Business Outlook Dims as RBA Rate-Cut Predictions Mount.-Bloomberg

Japan Billionaire Mori Bets $202M on China.-Bloomberg

Huawei’s Cheap Deals Pressure Samsung.-Bloomberg

India Tries to Curb Hoarding Amid Weak Monsoon.-Bloomberg

Temasek Said to Invest in GTI’s Singapore IP.-Bloomberg

India Lawmakers Vote for Next President.-Bloomberg

Hong Kong Jobless Rate May Rise on Europe Crisis.-Bloomberg

European news:

Europe Stocks Seen Higher, Germany Votes on Spain Aid.-CNBC

Spain Economy Shows More Strains.-WSJ

Greek Coalition Sets Austerity Plan.-WSJ

Why One Small German Town is Owed Trillions.-CNBC

EU Scolds Romania on Political Moves.-WSJ

Fund Supports Easing Irish Bank-Rescue Costs.-WSJ

U.K. Housing-Market Confidence Falls as Economic Outlook Weakens.-Bloomberg

King to Gather Central Bankers in September to Talk About Future of Libor.-Bloomberg

Rate probe turns to four major banks.-FT

Deutsche, HSBC Traders Investigated in Libor Probe.-Bloomberg

Israel Blames Iran in Bulgaria Strike.-WSJ

Novartis: Strong Dollar Could Hurt More Than Expected.-CNBC

FOREX action

EUR: The euro crosses are showing some upside potential. Bernanke’s two day testimony in Congress gave no hint of further monetary measures to stimulate the sputtering US economy. We stick to our call for the arrival of QE3 in September which may be preannounced in the mid-August annual Fed meeting to be held in Jackson Hole, Wyoming. EUR-USD is again above 1.23 and is breaking its way through resistance at 1.23165. EUR-JPY continues to trade above 96.50.

GBP: The sterling crosses are moving in synch with the euro trades. Pay close attention to today’s retail sales figures in the UK, which may affect the pound. Cable is now close to 1.5700, while GBP-JPY trades near 123.30. EUR-GBP is still pivoting in the 0.7850 area.

CHF: The Swiss franc is rallying against the dollar. The USD-CHF cross has been heavily exposed to abnormal volatility this week. Ben Bernanke’s calculated speeches are to blame. The pair is now trading close to 0.9755 after breaching the 0.9750 support area. Meantime, EUR-CHF is in its familiar trading range close to 1.2000.

Nordics: As the rest of the European currency pairs, both the NOK and the SEK are rising versus the dollar while staying more neutral against the euro. Brent prices above $105 are buoying NOK. EUR-SEK is consolidating after recent gains helped by recent strong economic indicators in Sweden and the hawkish Riksbank minutes.

USD & JPY: The greenback and the yen are sold across the board in a less risk averse context. The Fed and the BOJ are both expected to increase their monetary stimulus in the near future. That is another factor to bear in mind for perma-bear investors looking for heaven assets. USD-JPY dropped yesterday from the 79.00 zone and is now moving close to 78.50. There are rumors of Japanese authorities intervening again to stop yen appreciation.

CAD, AUD & NZD: The three dollars are moving up against their peers. USD-CAD has finally fallen through the important support zone found in the 1.0100 area.

European session FX preopen
Posted on: 18 Jun 2012 by Louise Newman

This is a FOREX market update at the european session preopen.

Main headlines:

Euro Gains as Greeks Back Pro-Bailout Parties.-Bloomberg

Pro-Bailout Parties to Forge Coalition.-CNBC

Euro, shares jump as Greece avoids ‘Drachmageddon’.-Reuters

America’s wrap up:

Fed-Not Greece-could Boost the Euro This Week.-CNBC

Dollar Shortage Seen in $2 Trillion Mismatch Uncovered by Morgan Stanley.-Bloomberg

Asia’s wrap up:

Asia Stocks, Euro Gain on Greek Pro-Bailout Vote.-Bloomberg

India Stuns Markets By Holding, Not Cutting, Rates.-CNBC

Nuclear-Restart Plans Divide Japan.-WSJ

HKEx’s Purchase of LME May Clear Regulator.-Bloomberg

China’s Economy Will Bottom Out This Quarter.-Bloomberg

Mining boom is creating a two-speed Australia.-FT

China Home Prices Fall in Record No. of Cities.-Bloomberg

European preview:

G20 to press Europe for lasting fix for debt crisis.-Reuters

French Socialists Win Absolute Majority.-Bloomberg

Denmark warns over pressure on krone.-FT

Real Question for Greece Is What Now, Says Wilbur Ross.-CNBC

FOREX action

EUR: The euro crosses have opened another week in Asia with a bullish gap. This time Greek election results with a pro-euro outcome gave a boost to European assets. For the time being there is no need for coordinated action from central banks on a global scale. The EUR-USD is moving above the 1.2650 resistance level at 1.2700 and the EUR-JPY has again breached the 100 psychological area.

GBP: Sterling crosses are moving in synch with the euro. Cable has broken the recent range and is moving close to 1.57. We can see bullish gaps in this pair as well as in the GBP-JPY and the EUR-GBP, with the latter moving close to but below 0.8100.

CHF: After the relief in Greece the Swiss franc is giving up some of its recent gains due to demand for safe-haven assets. The EUR-CHF is moving closer to the 1.20 threshold. The USD-CHF is moving close to 0.9450.

Nordics: The SEK and the NOK are losing ground against the EUR and advancing versus the USD. Safe-haven demand linked to peripheral woes has pushed them up recently.

USD: After the Greek elections and the Eurogroup meeting the US economy is going to be closely monitored due to the upcoming FOMC. Poor industrial production numbers on Friday show a worsening bias in the US economic indicators. The USD-JPY has opened the week with a half figure gap and is moving above 79.00.

CAD, AUD & NZD: The three other dollar crosses are showing strength against the greenback and the yen, thanks to reduced risk aversion after Greek elections results. The AUD-USD moves well above the parity zone and the USD-CAD is still stuck at the 1.02 support area.