Author: Eamonn Sheridan

Bloomberg with a report of Bank of Japan Governor Kuroda in an interview with Japanese newspaper Yomiuri.

Says

  • There is no immediate need for additional monetary easing
  • But, the BOJ will adjust policy if the need arises
  • Japan's inflation trend is improving steadily
  • Inflation will pick up quickly in the latter half of this fiscal year

A weekend article in the Yomiuri

Nothing of much surprise from Kuroda in these comments. They may serve to strengthen the yen on the Monday open, but, like I said .... not much of a surprise so there should be only a small impact, if any.

We'll soon find out - stay tuned for the 'early indications' post in a few hours (one more sleep to go!).

Kuroda explaining bids and offers

View More

View Full Article with Comments

Author: Ryan Littlestone
1

The Chinese Way

The Chinese government's struggle with market liberalisation ForexLive stalwart Lilac has been around since time began (the site's inception ;-) ). She's part of the woodwork, as we say. We're constantly bugging her to share some of her vast wisdom with us and now and again she'll drop a little gem on us

View More

Author: Ryan Littlestone
1

ForexLive Americas wrap: Crime doesn't pay and neither does hard work

Forex trading news and economic data headlines 31 July 2015 -   -   Bing Crosby singing "Busy Doing Nothing" sprang to mind as we rolled into the 12.30gmt data. To be honest my main focus was on the Canadian GDP number ahead of the US quarterly wage and costs numbers. It's not often a big market mover but today it blew the socks off of everyone. The slowest wage numbers since records began in 1982 immediately sunk dollar yen 40 odd pips to just under 124.00. No big surprise until it headed lower to 123.52. The real shock was the near instant 100 pip jump in the euro and pound

View More

Author: Ryan Littlestone
1

Treasuries find a late bid into the close

US stock market close 31 July 2015 - S&P flat at 2104 +1.18% on the week - Dow -51pts to 17694 -0.29% on the day +0.71 on the week - Nasdaq +2pts to 5130 flat on the day, +0.78% on the week US 10 year yields 2.18% -7bp

View More

Author: Ryan Littlestone
10

EURUSD completes the round trip while USDJPY lags

This time we went up in the elevator and down the stairs We've just hit the support that was in play before the US wage data around 1.0960 It might be enough to see things out for the evening. If it does og then we'll see more around 1.0945/50 and 1.0920

View More

Author: Ryan Littlestone
2

Fed's Bullard: GDP data backs the rate rise case

Bully Bullard with some comments from Dow Jones cited by CNBC - US in good shape for Sep hike - 25bp rise still leaves rates highly accommodative - 25bp rise likely to be a non-event for the economy I'm trying to find the link to the article so am just picking up the pieces as they come out

View More

Author: Ryan Littlestone
2

Baker Hughes total rig count 874 vs 876 prior

Latest Baker Hughes rig count report 31 July 2015 Just awaiting the breakdown Here we go - Oil rig count 664 vs 659 prior - Gas rigs 209 vs 216 prior It sure looks like a bottom is forming to me

View More

Author: Ryan Littlestone
12

The Fed trade is the biggest squeeze

The market hype is rising over the Fed When we usually talk about squeezes we talk about one side of a trade squeezing the other. It's normal market dynamics that when the buyers or the sellers damage one or the other there's a point at which they the pain becomes too much and that side breaks

View More

Author: Ryan Littlestone
1

Greek markets will reopen with restrictions

Greek ministerial decree says the ASE will be back in business There's no data attached to this nor further details on what the restrictions are Update: ASE will open on Monday

View More

Author: Ryan Littlestone

European stock market close

European stock market close 31 July 2015 - FTSE +0.5% - Cac +0.7% - Dax +0.4% - Ibex +0.1% - FTSE Mib +0.6% European bonds - Italy 1.77% -5bp - Spain 1.84% -6bp

View More

Author: Ryan Littlestone
5

Michigan's Curtin says Fed should better communicate rate view

Comments from the Michigan survey director - Keeps consumer spending view of 3% - Very few consumers are borrowing before hike - Fed needs to be careful not to hurt housing The comments couldn't have come at a more apt time after the employment cost data

View More

Author: Ryan Littlestone
8

July 2015 Michigan consumer sentiment final 93.1 vs 94.0 exp

July 2015 University of Michigan consumer sentiment survey final 31 July 2015 - Flash 93.3. June 96.1 - Current conditions 107.2 vs 106.3 exp. Flash 106.0. Jun 108.9 Sentiment takes a dip but is still at multi year highs. It was enough to knock a few pips off the dollar but for now the big drop is either over or taking a moment to catch its breath

View More

Author: Ryan Littlestone
12

July 2015 Chicago PMI 54.7 vs 50.5 exp

July 2015 Chicago PMI data report 31 July 2015 - Prior 49.4 Back into expansion with all components higher USD takes a few pips back from the falls but this number is unlikely to change the tide unless the bigger move is done anyway

View More

Author: Ryan Littlestone
8

All eyes on twitter for the Chicago PMI at 13.45 GMT

Let the games begin on the Chicago PMI leaks The PMI is released to paid subscribers 2 minutes before we mugs get it. It's usually out on twitter within moments and you'll know by the price action whether it's good, bad or meh

View More

Author: Ryan Littlestone
16

EURUSD breaks 1.1100 as dollar rout continues

We're not done yet as the buck takes another kick in the shins It's all about the levels people 1.1080 was strong and now its gone in EURUSD. We've tested the short term down trend and a re holding for now. If we move lower look for 1.1080 to become support. If it holds then we could see another push higher. I got out of my short on the 1.11 break as I didn't like the PA

View More

;