July 27th, 2009 14:35:36 GMT

No green shoots in Texas

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The Dallas Fed just released its Texas manufacturing output index, and it makes for grim reading, as they say. The index fell to -17.4 in July from -7.0 in June. The index of General Business activity fell to -35.5 from … Continue reading

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July 27th, 2009 12:31:17 GMT

EUR/USD dips; Latvia, S&P weigh

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EUR/USD has pulled back from highs just shy of 1.4300 as the IMF/Latvia deal runs into domestic political roadblocks within Latvia and the S&P 500 futures dip after Verizon earnings disappointed. Bids are eyed in the 1.4255/60 and 1.4230 areas … Continue reading

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July 27th, 2009 06:09:43 GMT

EUR/USD ticks higher early

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General risk sentiment remains in pretty good shape, helping to underpin EUR/USD. The pairing has ticked up to 1.4250 at writing. Technical resistances now at present 1.4250/55 and then 1.4290/00. Sources report decent demand lying in wait down at 1.4150/70, … Continue reading

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July 27th, 2009 03:03:06 GMT

EURUSD holding above 1.4200

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The EURUSD is holding above 1.4200 after an earlier bout of selling on the back of articles in the Financial Times and Nikkei that suggested that China’s meetings with US officials this week will re-affirm China’s need to buy US Treasuries. It found support … Continue reading

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