ForexLive US Wrap: Monti may run

View Comments

  • Canadian housing starts rise 196.1k annualized rate in November from 204.1k in October
  • Belgium cuts GDP forecast to 0-1.4% in 2013; 2012 GDP to fall 0.2%
  • France’s Hollande: Italy will chose the best government
  • Monti: Not considering running for PM at this time; market reaction to early departure should not be dramatized
  • ¬†Multiple reports: BOJ to raises asset purchases another JPY 5-10 trln
  • Italian shares fall 2.2%; France and Germany up 0.1-0.2%, respectively
  • Eurogroup to hold conference call on Greece on Tuesday
  • ¬†BOE’s King: Durable global recovery remains elusive
  • NZ FinMin English: Kiwi exchange rate too high, grinding recovery ahead
  • FT: Monti considering running for PM, being courted by centrists

Pretty much a non-event in the US today. EUR/USD and GBP/USD recovered ground lost overnight on the Monti announcement but stalled early in the day. EUR/USD continues to respect the 1.2880/1.2950 consolidation range it has been in since late Friday.

USD/JPY perked up in its range as sources told the wires that the BOJ will ease slightly at next week’s policy meeting, adding another JPY 5-10 trln to its QE program. 82.435 was the rebound high and we spent the balance of the session within 10-pips.

Short-covering in EUR/AUD kept AUD/USD under wraps for much of the U session. We dipped a slow as 1.0481 before stabilizing.


All|Americas|Forex Headlines|Regions

Forex Headlines

Jamie Coleman

One Comment

  1. And, AAPL continues its death cross march – downward:


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.