January 4th, 2011 15:44:09 GMT

Commodity currencies getting creamed…


Wasn’t it just yesterday that USD/CAD broke below 0.9900? Here we are only 24 hours later and we’re about to break 1.000. I hate getting to a party late…

AUD/USD is testing bids in the 1.0050/55 area. A break targets support just below the 1.00 level, around 0.9988.

Oil is down $2.50, gold is down about $35 to $1382.50 and the CRB is down 1.85% as the commodities bubble starts to leak.


January 4th, 2011 15:34:43 GMT

Greece not discussing debt restructuring: FinMin


In a Reuters interview, the Greek finance minister says Greece is not discussing a debt restructuring with its creditors.  Also,

  • Tax evasion laws will be toughened by February
  • Talks with China progressing on debt buying; timing not clear
  • Confident EU will agree to issue euro area bonds in the future

EUR/USD has not bounced at all on the comments, trading at 1.3342.

1 Comment

January 4th, 2011 15:15:21 GMT

US November Factory Orders Rise 0.7%; Nondurables Up 1.7%


–November Durables Goods New Orders Revised Up To -0.3% (Prev -1.3%)

By Kevin Kastner

WASHINGTON (MNI) – The value of new factory orders rose 0.7% in
November, a better-than-expected rise due to an upward revision to the
drop in durable goods orders and a solid nondurables orders increase,
data released by the Commerce Department Tuesday morning showed.

Analysts in a Market News International survey had expected factory
new orders to hold steady in November.

Durable goods orders were revised up to a 0.3% decline
for the month from the original 1.3% decline reported earlier, while
nondurable goods orders rose 1.7%.

Petroleum and coal products shipments, which are equivalent to new
orders in this data, jumped 4.2% in November, likely due to higher

Transportation orders fell 11.1% in the current report, a slightly
better result than the previously reported 11.9% decline.

Total factory orders excluding transportation rose 2.4%, with
strength in other durables components.

Overall factory shipments rose 0.8% in November. Nondefense capital
goods shipments rose only 0.1%, but were up 1.1% when aircraft shipments
were excluded.

Factory inventories rose 0.8% in November, while unfilled orders
rose 0.6%.

** Market News International Washington Bureau: 202-371-2121 **


Comments Off

January 4th, 2011 15:12:48 GMT

Euro gives up the ghost after expiry


The combination of strong US factory orders and the passing of the 15:00 expiry have seen EUR/USD edge lower in it srange. From early 1.3435 US highs, we’re now down to 1.3352.

Bids are seen in the 1.3325/35 area; stops reside below.

1 Comment

January 4th, 2011 15:06:06 GMT

US DATA: Nov factory new orders +0.7%, above the…..


US DATA: Nov factory new orders +0.7%, above the flat reading
expected, as durables orders rev up to -0.3% (prev -1.3%). Nondurables
orders +1.7%, led by a price-related jump in petroleum and coal
products. Total factory orders ex. transport +2.4%. Factory shipments
+0.8%, with nondef cap gds shipments +0.1% and +1.1% ex aircraft.
Factory inventories +0.8%, unfilled orders +0.6%. Inventory-to-shipment
ratio 1.28, unch from Oct.

Comments Off

1 11,086 11,087 11,088 11,089 11,090 11,091 11,092 11,093 11,094 11,095 11,096 15,624

About Forexlive

Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Get the latest breaking foreign exchange trade news and current updates from active traders daily. ForexLive.com blog posts feature leading edge technical analysis charting tips, forex analysis, and currency pair trading tutorials. Find out how to take advantage of swings in global foreign exchange markets and see our real-time forex news analysis and reactions to central bank news, economic indicators and world events.

Our authors have years of experience in financial markets and provide diverse, thought-provoking updates relating to news about global macro events and the worldwide forex economic calendar, with frequently updated content that is educational for traders at all levels from beginner to novice that can help traders make better decisions about forex trading. Our forex news focuses on G10 events, macroeconomic indicators, major equities indexes, treasury and bond yields from around the world, politics as it relates to forex trading and news from the FOMC as well as global central banks in, Europe and Asia.

Learn More About The Forex Live Authors Here and Follow us on Twitter, Facebook & Google+


© Copyright 2014 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.