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Euro-Zone Optimism Pushes EURUSD into Solid Resistance
News of the Euro-zone resolution simply pushed EURUSD into a zone for a selling opportunity.
EUR/CHF Tests Resistance During 6760 Pip Downtrend
EUR/CHF to Move on 6760 Pip Trend

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Top Forex News

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Top Forex News

GBP/USD Lower, GBP/JPY Higher
US Dollar Rises on Safe Haven Demand
Bank of Japan Intervenes, Sending Yen Lower

GBP/USD Lower, GBP/JPY Higher

Posted: 31 Oct 2011 08:52 AM PDT

The Great Britain pound dropped today as the outlook for the nation’s economy was pessimistic today, damping demand for the sterling.(...)
Read the rest of GBP/USD Lower, GBP/JPY Higher (70 words)

Posted on Forex News.

US Dollar Rises on Safe Haven Demand

Posted: 31 Oct 2011 06:50 AM PDT

US dollar is rising today against major currencies as a safe haven. Concerns about what’s next for the global economy are causing Forex traders to look for safety — and the US dollar is the best choice.

(...)
Read the rest of US Dollar Rises on Safe Haven Demand (144 words)

Posted on Forex News.

Bank of Japan Intervenes, Sending Yen Lower

Posted: 31 Oct 2011 05:51 AM PDT

Last week, the Japanese yen continued to strengthen at a rate uncomfortable to leaders. As a result, earlier today, the Bank of Japan decided to directly intervene in order to keep the yen lower.

(...)
Read the rest of Bank of Japan Intervenes, Sending Yen Lower (140 words)

Posted on Forex News.

Your forexlive.com ENewsletter

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Your forexlive.com ENewsletter

ECB seen buying Italian bonds
I’m losing the will to live……BOJ back on the bid
ECB’s Weidmann: Future Shape Of Eurozone Remains Unclear
China in buying EUR/USD
10 year Italian govt bond yields match highest since August at 6.1%
ECB’s Paramo: ECB in principle is against unilateral intervention
BOJ Gov Shirakawa: Yen rise has both merits and demerits for Japan economy
FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y -….
Well they’re giving it a go; latest on BOJ
French September producer prices +0.2% m/m
Kuwait Central Bank head: Euro zone debt crisis still overshadowing economic recovery
This will give you some idea of the amounts going through in USD/JPY
BOJ’s Shirakawa: Strongly hope MOF intervention leads to stable fx
Germany Retail Sales Recover Less Than Expected In September
GERMANY DATA: September real sa retail sales +0.4%…
German Sept retail sales +0.4% m/m, +0.3% y/y
BOJ seen buying USD/JPY at 78.90
Bank of Korea may have bought at least $300 mln to smooth won’s gains Monday – Traders
Honda CFO: It would help if DLR/YEN stayed at 79 yen
SNB says is reporting a consolidated profit of CHF 5.8 bln for the first three quarters of 2011

ECB seen buying Italian bonds

Posted:

I’m losing the will to live……BOJ back on the bid

Posted:

Having pulled all their bids just after Shirakawa’s ill-judged comments hit the wires, sources now reporting BOJ back on the bid at 78.00. We’re at 78.10 presently. Is it nearly home time?

ECB’s Weidmann: Future Shape Of Eurozone Remains Unclear

Posted:

BERLIN (MNI) – A lasting solution to the Eurozone’s debt crisis can be reached only through more budget consolidation and structural reforms, in the view of European Central Bank Governing Council member Jens Weidmann. While Eurozone leaders pledged at their latest summit to undertake such measures, “this must now be proven by actions,” the president [...]

China in buying EUR/USD

Posted:

In recent trade. We’re back up at 1.4020 in horribly choppy trade.

10 year Italian govt bond yields match highest since August at 6.1%

Posted:

Up 8 bps on day – Reuters.

ECB’s Paramo: ECB in principle is against unilateral intervention

Posted:

Solo interventions not good for global stability Japan is free to intervene as it sees fit

BOJ Gov Shirakawa: Yen rise has both merits and demerits for Japan economy

Posted:

Why would you come out and say THAT!!!!!!!! IS HE NUTS!!! USD/JPY down at 78.75. On nominal basis, yen levels not necessarily strong (is this a bloody imposter, I cannot believe what I’m hearing) BOJ does not conduct policy based on daily fx moves Yen rises have big impact on exports, corporate revenues Focusing on [...]

FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y -….

Posted:

FRANCE DATA: September PPI +0.2% m/m, +6.1% y/y – INSEE – France Sep manufacturing PPI +0.2% m/m, +5.9% y/y – France Sep food and tobacco prices -0.2% m/m, +5.8% y/y – France Sep oil product prices +2.2% m/m, +28.7% y/y – France Sep ind import prices +0.8% m/m, +8.1% y/y – See MNI MainWire for [...]

Well they’re giving it a go; latest on BOJ

Posted:

On the bid at 78.90, good for $4 billion. Battle well and truly joined. UPDATE: BOJ still on the bid. Down at 78.80 for around another $4.o bln. Them against the world seemingly. UPDATE: 78.96 BID!!!! Should they take their priofit now? UPDATE: 79.05 BID!!!! Ahhhhhh, bless their little cotton socks….. Well they won that [...]

French September producer prices +0.2% m/m

Posted:

Pretty much in line with median forecast of +0.1% m/m.

Kuwait Central Bank head: Euro zone debt crisis still overshadowing economic recovery

Posted:

European deal on Greece only small relief Concerned over prolonged US recession As reported by Dow Jones.

This will give you some idea of the amounts going through in USD/JPY

Posted:

At writing, being told 1 billion dollars on the bid in USD/JPY at 78.89 on EBS.

BOJ’s Shirakawa: Strongly hope MOF intervention leads to stable fx

Posted:

Need to carefully watch global market moves Yen’s relative value at quite high level compared with prior to Lehman crisis Will not say there is nothing more monetary policy can do Need to do utmost to prevent euro debt woes from triggering global financial crisis BOJ always thinking what more it can do to achieve [...]

Germany Retail Sales Recover Less Than Expected In September

Posted:

Real, seasonally adjusted retail sales: September: +0.4% m/m, +0.3% y/y MNI survey median: +1.0% m/m, +1.0% y/y MNI survey range: +0.3% to +1.5% m/m August: -2.7% m/m, -0.8% y/y (revised from +2.5% y/y) – FRANKFURT (MNI) – German retail sales came in weaker than expected in September, lifting turnover only modestly on the quarter, the [...]

GERMANY DATA: September real sa retail sales +0.4%…

Posted:

GERMANY DATA: September real sa retail sales +0.4% m/m, nsa +0.3% y/y – Germany September m/m retail sls below MNI median fcst (+1.0%) – Germany August m/m retail sales revised up to -2.7% (-2.9%) – Germany 3q sa retail sales +0.5% q/q, 2q -0.4%, 1q +1.0%) – Germany September sales 3mma (July-September:June-August) -0.7%, August +0.4% [...]

German Sept retail sales +0.4% m/m, +0.3% y/y

Posted:

Weaker than Reuters’ median forecasts +1.0%, +0.9% respectively. Not bothering the single currency any, EUR/USD recovering to 1.4030 as European trading gets underway.