Euro zone needs poltical will power, support of people, realistic work-out programme (I hear pilates is very good)

Through to a low of  0.8882 as the EUR/USD broke higher. Now hearing fund related sell stops are  in place on a break down through 0.8875 CHF’s bounced to 0.8904

Private sector will discuss Greek deal only as part of “open, transparent discussion” on Greek economy, debt

Not sure of the exact level but a good guess would be the 1.3905/10 level. Also now hearing real money sellers around 1.3900. We’re back around 1.3895

As Gerry mentioned earlier stops just taken out up through 1.3905 to a high of 1.3915. Above here lie more offers from 1.3940 up to another barrier at 1.3950, with doubless stops above there ahead of another barrier at 1.4000 We’re back down around 1.3904 now

Cor blimey USD/JPY is moving.  We’re up at 77.40 having been as high as 77.45, US investment bank and model funds notable buyers in this latest rally attempt.   Much talk of 77.50 barrier option interest. In fact talk of 76-77.50 dnt in play. Elsewhere EUR/USD trades through 1.3900. That’s one pop goes the weasel. I [...]

AUD/USD up at 1.0345 from around 1.0295 when I sat down, underpinned by the general ‘risk on’ backdrop. Sources report that a couple of sovereigns have turned up selling in recent trade and we’re marginally off the 1.0354 session high.  “Black box” sellers also noted in recent trade.

EC must be given a strong, independent role to assess euro zone economies Proposes that reform of euro zone economies should not be voluntary Countries with high debt should be able to be put under administration with support conditional on economic reform

I think we  can put that in the no shit sherlock category. EUR/USD touch firmer as European stocks build slightly on early gains.  We’re at 1.3878. Well-documented barrier option interest at 1.3900 looms large.

Yen staying higher than assumed by companies, puts drag on corporate revenue, exports (c’mon then, let’s do something about it!!!) Need to pay full attention to overseas economies, forex moves USD/JPY sits at 77.15, very steady as usual  Talk of sell orders layered from 77.30 upto 77.50 where barrier option interest is said to lie.  [...]

Euro’s steady around 1.3865 as Europe wakes up,  bids are  apparently sitting down at 1.3820 with sell stops set on a break and more down through 1.3800. Offers are as stated by Gerry just now.. There’s nothing on the data front this morning but German Fin Min Schaueble is speaking at  0745GMT in Dusseldorf followed by [...]

Love him or loathe him, latest from AEP at The Telegraph.  Sean overnight posted another article AEP did yesterday. Busy chap. Elswhere in the markets EUR/USD off to a steady start, presently unchanged from when I sat down at 1.3853 having recovered from slight early dip. Eurostoxx 50 futures rise 1.1%, DAX futures rise 1.2%, CAC [...]

–Retransmitting Story Published 17:00 ET Sunday PARIS (MNI) – European finance officials promised a “decisive” solution to the two-year-old Eurozone debt crisis on Saturday as European leaders prepared for a crucial meeting in Brussels on Oct. 23. Following two days of talks here by finance ministers and central bankers from the Group of 20 leading [...]

TOKYO (MNI) – The Japanese government on Monday revised down its overall economic assessment for the first time in six months in its monthly report for October, stating that the export-led recovery is losing some steam in the face of slower global growth. The government also warned that the Asian stock market slump triggered by [...]

JAPAN DATA: The Japanese government on Monday revised down its overall economic assessment for the first time in six months in its monthly report for October, stating that the export-led recovery is losing some steam in the face of slower global growth. The government also warned that the Asian stock market slump triggered by the [...]

Economy still picking up but pace decelerating, remains in severe state after earthquake Govt cuts view on factory output, exports, private consumption for first time in 6 months

FTSE by as much as 1%,  DAX by as much as 0.9% and CAC 40 by as much as 1%. EUR/USD very marginally easier during slow Asian trade, presently at 1.3855. Topside orders pretty well documented. Barrier option interest at 1.3900 before buy stops through 1.3905. Sell orders then seen clustered up at 1.3940/50 ahead of 1.3950 [...]

TOKYO (MNI) – Japanese industrial production rose a revised 0.6% month-on-month in August, lower than the preliminary reading of +0.8%, data from the Ministry of Economy, Trade and Industry showed on Monday. Despite the downward revision, industrial output posted a fifth straight monthly rise. Last month, METI’s survey of firms’ forecasts showed that overall production [...]

Quiet consolidation in Asia with no major developments over the weekend FinMin meeting ended with pressure now on EZ officials to come up with a decisive solution in very near future German FinMin reiterates that private sector should have more involvement in Greek rescue package Greek parliament to vote on austerity measures on Thursday; large [...]

Not hearing of any particular reason behind the slow drift lower in EUR/USD this afternoon. We are already 50 pips below the NY closing levels and I’m guessing that modest profit on EUR/JPY is the likeliest cause. A report across Reuters citing a WSJ article that Man Financial Global Holdings were told by the US [...]