April 7th, 2011 18:18:44 GMT

Not much to look forward to tomorrow


German trade data, UK PPI, US wholesale inventories…Not much to stir animal spirits. EU central bankers and finance ministers meet in Budapest tomorrow, so the wires will be moving, if nothing else. We should hear from the participants in the … Continue reading

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April 7th, 2011 17:14:10 GMT

No war for Chinese oil!


Can you imagine the screaming if a Republican administration went to war in a Muslim country so that the rebels could sell oil to China? Oil, by the way, just broke $110…


April 7th, 2011 16:07:01 GMT

USD/JPY rebounds after running stops


USD/JPY has rebounded to 85.00 after running stops in the 84.70/75 area. Offers were scarce below 84.75, a source at a US bank relays. Offers are seen now on rebounds in the 85.00/10 area. Stops in AUD/USD were triggered below … Continue reading

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April 7th, 2011 15:36:44 GMT

AUD/USD finally takes a breather


AUD/USD has been in profit0taking mode since the options cut at 14:00 GMT. It trades as though someone pushed it up to trigger a digital option (pays out if above a certain level at expiry) and now we are falling … Continue reading

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