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FOREX NEWS | CURRENCY NEWS BY FOREXLIVE
German Govt official: Sees no decision on Thursday evening in Brussels
That’s just knocked the wind out of the EUR/USD’s sails with a slump to 1.3274.
I don ‘t understand why these guys say things like this, it’s not really a surprise to any of us is it really?
For Greece a tear, for Brussels a blush
Love him or loathe him, latest from AEP at The Telegraph.
“April is the inflexion point”
Cue the jaws music 
Greece’s labour unions call for 48 strikes from tomorrow
In protest against EU/IMF austerity measures.
Bet you they don’t delay these………..
Order board.. for the curious ..
Not a lot to get excited about, but here goes…
EUR/USD: Sell stops down through 1.3270, offers 1.3320/30 ahead of 1.3334 (100 day MA) resistance and a barrier at 1.3350
GBP/USD: Offers 1.5855/65 and 1.5880/00, Bids 1.5790/00
EUR/GBP: Offers 0.8400/05 and 0.8420/25, Bids 0.8365/70, 0.8640/45 and larger at 0.8330
USD/JPY: Bids 77.00 down to 76.70, larger ones 76.60/70 (possibly semi official), Sell stops on a break of 76.50. Offers 77.25/35 and all the way up to 77.50 (50/55 day MA’s at 77.27/32)
EUR/JPY : Buy stops up through 102.89 (100 day MA) and 103.00. Bids 101.85/95 and 101.65/75, sell stops down through 101.65
AUD/USD: Bids 1.0770/80 and 1.0750/60. Sell stops down through 1.0740. Offers 1.0840/50 and 1.0880/00 (option related)
That’s it so far……
I’m outta here!!!
I’ll leave you in the immensely capable hands of Joe “The Informer” Brown.
I’ll be back on Monday morning. Got a feeling some fun and games coming down the pike between then and now. Best of Luck!!
UK Dec Global goods trade balance -£7.11 bln (cons -$8.6bln) vs rev £-8.91bln in Nov
Lowest since Feb 2010
Dec Mfg output +1.0% m/m (exp +0.2%), +0.8% y/y
Dec Industrial output +0.5%m/m (exp +0.2%), -3.3% y/y
Better Trade deficit, but only adding a small boost to cable which is up around 10 pips to 1.5855 on the release
Troika gives Greece 15 days to find pension cuts alternative
15 days to find 300 million euros of cuts.
Spain/German 10 year bond yield spread widens out
To 339 bps from the 323 bps I jotted down first thing.
Italy/German 10 year bond yield spread widens out to 370 bps from early 360 bps.
EUR/USD has seen very choppy trade in early Europe, presently around 1.3295.
BIS said to have sold above 1.3300, helping curtail the early rally.
Talk of trailing sell stops gathering through 1.3270.
Spanish FinMin: Expects worse contraction in Q1 2012 than Q4 2011
Happy Dayz
- No plans for additional tax increases (not exactly what the economy needs right now)
China January passenger car sales fall most in 7 years – Bloomberg
Chinese January passenger car sales down -23.8% y/y to 1.16 mln units, weaker than Bloomberg median forecast of 5 analysts of -18% y/y.
Down -15.2% m/m.
Data won’t exactly help soothe worries over a slowing Chinese economy.
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