Author: Mike Paterson

Germany's DIHK chamber of commerce out with their latest outlook

  • DIHK survey shows firms view business situation as being as good as never before, expectations stronger than last Autumn

Whaaaaaat ??? I'll have a pint of whatever they're drinking.

  • export expectations for industry are improving again, but investment plans only slightly up

A strange ol' morning so far.

EURUSD now down to 1.1263 with EURGBP giving up on 0.7800 again as European equities turn higher again after an early wobble but GBPUSD also retreating from the 1.4500 res/offers while USDJPY also in retreat at 114.70.

          


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Author: Mike Paterson

GBPUSD orders 10 Feb

Currently 1.4495 testing 1.4485-1.4500 res/supply again after bouncing from 1.4450 EURGBP once again pulling cable around. UK mftg/ind production data at 09.30 GMT

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Author: Mike Paterson

European equity markets open firmer 10 Feb

Positive tones as per the futures market for the moment - FTSE +0.3% - DAX +0.7% - CAC40 +0.7% - FTMIB +1.2% - IBEX +1.1% A pause for breath? A chance to square ahead of a potentially dovish Yellen?

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Author: Mike Paterson

France industrial production Dec mm -1.6% vs +0.3%

Latest data out a short while ago - -0.9% prev - yy -0.7% vs +1.7% exp vs 3.0% revised up from +2.8% - mftg production mm -0.8% vs +0.3% exp vs +0.6% prev revised up from +0.4% How you feeling now Msr Villory? Still thinking your French economy is doing just fine ?

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Author: Mike Paterson
1

Trading Ideas - European session 10 Feb

Here's your daily thread for a community hug. Loads going on still and with Aunty Janet strutting her stuff and testifying today at 15.30 GMT we can be assured of more to come.

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Author: Mike Paterson
6

Suga says global risk avoidance has spread to Japan

Chief cabinet secretary out on the wires - Japan won't be panicked by stock market moves - authorities closely monitoring financial markets - BOJ thoroughly considered impact on financial markets when it adopted negative rates That G7 comment is the standout. Could be just hot air but worth keeping in mind.

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Author: Mike Paterson

More from Villeroy: ECB ready to act if necessary to lift inflation

BOF gov still speaking with BFM radio - central banks can act in current environment - ECB's inflation target remains unchanged - sees no sign of financial bubbles in Eurozone We'll see as the current meltdown unravels further.

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Author: Mike Paterson
2

BOF's Villeroy says he's not worried about situation of French banks

Bank of France governor Villeroy de Galhau speaking to BFM radio - banks much more solid than in 2008 - lending to French companies is growing - French regulator watching bank exposure to oil Oh really?  Villerory in ostrich-like head-in-sand mode.

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Author: Mike Paterson
4

Option expiries 10am NY cut today 10 Feb

Here's what the DTCC have listed for today - EURUSD: 1.1000 (EUR 349m) 1.1075 (354m) 1.1100 (631m) 1.1300 (293m) 1.1370 (270m) 1.1390 (386m) - GBPUSD: 1.4300 (GBP 699m) 1.4500(417m) Nothing listed for USDJPY so far but tomorrow we have some rolling off at

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Author: Mike Paterson
4

Data coming up in this session 10 Feb

Another day and more thrills n spills to come. Data wise we have UK mftg and industrial production as the highlight this morning before we get the main event of the Yellen, then the screaming, at 15.30 GMT

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Author: Mike Paterson

Nikkei closes down -2.31% at 15713.39

A strong finish into the close but all relative USDJPY not so impressed indicating that there's a few sellers around still but nudging a little higher now to 114.64 from 114.55

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Author: Mike Paterson
15

Nikkei paring a few losses into the close 10 Feb

It's been another lively day in Japan - Nikkei currently heading back up at 15620.01 - -465.59 - -2.88% - lows of 15429.99 - USDJPY 114.51 from lows of 114.31 Anyone experiencing problems viewing our site at the moment ?

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Author: Eamonn Sheridan
5

ForexLive Asia FX news wrap: Nikkei, USD/JPY sellers again

Forex news for Asia trading Wednesday 10 February 2016 Japan: Nikkei225 The session started off with more of the same again, looking like it might have repeated yesterday when the Nikkei, yen crosses and JGBs got sold off.

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Author: Eamonn Sheridan
10

5 things to watch from Fed Head Yellen in her testimony to Congress

Yes, that's right, its time for Janet Yellen to answer questions from the US Congress - Testimony to the reps on Wednesday - Testimony to the Senate on Thursday She fronts 'em at 10am (eastern time in the US0 on Wednesday, but her prepared remarks will be published at 8.30 ET, along with the Federal Reserve's monetary policy report

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Author: Eamonn Sheridan
39

USD/JPY - BOJ does a ring around to 'check rates'

Intervention can take many forms There's 'jawboning' - talking about a currency to influence the direction There's actively going to the market and buying/selling to push the rate and stop a few speculators out (there are different ways of doing this)

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Author: Eamonn Sheridan
7

Memo for the BOJ - this is the criteria for WHEN to intervene in FX market

The RBNZ have been explicit on what they need to see before intervening in the currency market It won't be entirely applicable to the Bank of Japan, for one thing the Reserve Bank of New Zealand is managing relatively (to the BOJ) small FX reserves and don't have as many bullets.

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