Christine
04-16-2012, 11:36 AM
Japanese Vice FinMin:* In final stages of discussion with IMF.* Undecided when to announce IMF assistance. Must consult partners before IMF decision
New Zealand FinMin: Wider yuan band beneficial for New Zealand (http://www.forexlive.com/blog/2012/04/16/new-zealand-finance-minister-wider-yuan-band-beneficial-for-new-zealand/)
New Zealand PM: New Zealand govt is considering ways to resist currency appreciation (http://www.forexlive.com/blog/2012/04/16/nzdusd-dives-back-down-through-0-8200/)
BOJ’s Shirakawa (http://www.forexlive.com/blog/2012/04/16/bojs-shirakawa-global-economy-hasnt-fully-recovered-from-slump/): Global economy hasn’t fully recovered from slump
Dutch auction results (http://www.forexlive.com/blog/2012/04/16/dutch-auction-result-sold-eur-2-130bln-of-july-31-and-oct-31-dtc-bonds/)
EU’s Rehn: ECB’s LTRO had ‘initial positive impact.’ Conditions being set for inter-bank improvement. Weaker banks need significant restructuring
Eurozone February trade surplus 2.8 bln, slightly below median forecast of 3.0 bln
Swimming naked in Brazil’s bubbly waters (http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9205775/Swimming-naked-in-Brazils-bubbly-waters.html)- AEP at The Telegraph
You know you’re struggling when two of your wrap*headlines come from New Zealand officials. Don’t get me wrong I’ve never met a New Zealander I didn’t like, *but the country’s hardly a global powerhouse.
EUR/USD sits at 1.3030, about 8 pips from where it was when I first sat down.* European stocks opened lower and periphery/german govt bond yield spreads widened fairly sharply early.* This was enough to enable the euro bears to take out the well-documented 1.3000 barrier opption interest.
But as we’ve seen on so many occassions of late,*there just wasn’t any followthrough in Europe.* We were quickly back above 1.3000 and as European stocks have recovered, and as periphery/German govt bond yield spreads have stopped widening, so the single curency has recovered.
USD/JPY effectively unchanged at 80.75, steadying after brief dip to 80.45.* Sell stops seen clustered now through 80.30.
Cable very marginally firmer at 1.5840 from early 1.5825.* A 15 pip net change in cable tells you what kind of market its been.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=go7KuFbYp1A:eON0cy42dtE:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:qj6IDK7rITs)
Read more... (http://feedproxy.google.com/~r/forexlive-rss/~3/go7KuFbYp1A/)
New Zealand FinMin: Wider yuan band beneficial for New Zealand (http://www.forexlive.com/blog/2012/04/16/new-zealand-finance-minister-wider-yuan-band-beneficial-for-new-zealand/)
New Zealand PM: New Zealand govt is considering ways to resist currency appreciation (http://www.forexlive.com/blog/2012/04/16/nzdusd-dives-back-down-through-0-8200/)
BOJ’s Shirakawa (http://www.forexlive.com/blog/2012/04/16/bojs-shirakawa-global-economy-hasnt-fully-recovered-from-slump/): Global economy hasn’t fully recovered from slump
Dutch auction results (http://www.forexlive.com/blog/2012/04/16/dutch-auction-result-sold-eur-2-130bln-of-july-31-and-oct-31-dtc-bonds/)
EU’s Rehn: ECB’s LTRO had ‘initial positive impact.’ Conditions being set for inter-bank improvement. Weaker banks need significant restructuring
Eurozone February trade surplus 2.8 bln, slightly below median forecast of 3.0 bln
Swimming naked in Brazil’s bubbly waters (http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9205775/Swimming-naked-in-Brazils-bubbly-waters.html)- AEP at The Telegraph
You know you’re struggling when two of your wrap*headlines come from New Zealand officials. Don’t get me wrong I’ve never met a New Zealander I didn’t like, *but the country’s hardly a global powerhouse.
EUR/USD sits at 1.3030, about 8 pips from where it was when I first sat down.* European stocks opened lower and periphery/german govt bond yield spreads widened fairly sharply early.* This was enough to enable the euro bears to take out the well-documented 1.3000 barrier opption interest.
But as we’ve seen on so many occassions of late,*there just wasn’t any followthrough in Europe.* We were quickly back above 1.3000 and as European stocks have recovered, and as periphery/German govt bond yield spreads have stopped widening, so the single curency has recovered.
USD/JPY effectively unchanged at 80.75, steadying after brief dip to 80.45.* Sell stops seen clustered now through 80.30.
Cable very marginally firmer at 1.5840 from early 1.5825.* A 15 pip net change in cable tells you what kind of market its been.
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=go7KuFbYp1A:eON0cy42dtE:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=go7KuFbYp1A:eON0cy42dtE:qj6IDK7rITs)
Read more... (http://feedproxy.google.com/~r/forexlive-rss/~3/go7KuFbYp1A/)