Dollar Mixed, Consolidates Vs. Euro

[at TheStreet.com] - The U.S. dollar was mixed Thursday as it consolidates against the euro and Swiss franc, remains heavy against the yen and is performing best against sterling.

UK trade deficit widens to record high

Rising imports have widened the UK deficit to a new record, dashing hopes that a pick-up in exports might help the economy avoid a renewed slowdown

Sterling falls after UK trade deficit hits record

[at Financial Times] - Sterling lost ground on Thursday after figures showed the UK s goods trade deficit widened to a record high in July.

Sterling falls after UK trade deficit hits record

Hopes of an export-led recovery are dealt a blow by news of a record high goods trade deficit, while the total trade gap also widens more than forecast, pressuring the pound

Bank of England holds course on rates and QE

The Bank of England leaves interest rates and the level of quantitative easing unchanged in an almost universally anticipated decision after recent signs have pointed to a relatively robust recovery

Ireland sells 400 mln euros of Treasury bills

[at MarketWatch] - Ireland on Thursday sold 400 million euros of six- and eight-month Treasury bills at auction, news reports said. Ireland sold 150 million euros of six-month bills at an average yield of 1.925%, down from 1.978% in an auction held on Aug. 26, Dow Jones Newswires reported.

FOREX-Yen near 15-yr highs; euro hurt by bank woes

[at Reuters] - * Dollar near 15-year lows vs yen , seen vulnerable * Euro hits low of 105.97 yen, in sight of 9-yr low

Will the Strong Swiss Franc Hurt Banks?

[at CNBC] - The Swiss franc s safe-haven reputation helped it hit a new high against the euro, but the currency s strength risks hurting those who have relied on its vigor.

Euro slides to $1.2693

[AP] - The euro has slipped back below $1.27, giving up slight gains it made thanks to a relatively successful bond auction in Portugal.

Forex & Commodities: Aussie Jumps on Strong Jobs Report

[at CNBC] - The Australian dollar jumped on Thursday, as a solid domestic jobs report lifted expectations of a rate hike down the road.

Australian Dollar and Japanese Yen Rise as Data Supports

[DailyFX] - Established trends are maintained in the Asia session, ahead of the Bank of England rate decision. The Aussie-Dollar has attempted to breakout on strong economic data, but tomorrow’s risk trends will need to reinforce the move.

Tokyo shares rebound on exporters as yen weakens

[at MarketWatch] - Japanese shares rebounded early Thursday after dropping in the previous two sessions, paced by electronics exporters and real estate companies on a weakened yen and a strong overnight finish on Wall Street.

Canada's dollar lifted by hawkish bank statement

Canadian dollar advances after the Bank of Canada raises interest rates, striking a more hawkish tone than expected

Currency Crosses: Technical Outlook 09-08

[DailyFX] - The euro is weak across the board. In fact, the EURAUD is trading at a 19 year low and an objective is 1300 pips lower.

Yen/Dollar: Take Your Shorts Off

[at CNBC] - The expression new 15-year high is getting to be old hat for the yen s strength against the dollar, but the strong Japanese currency trade could still have some legs.

CANADA FX DEBT-C$ ends almost a penny higher after rate hike

Dollar just above 15-year low vs Japanese yen

[AP] - The dollar fell against the euro and most other currencies after a relatively successful bond auction in Europe helped investors shrug off some concerns about the stability of the European banking sector.

Latin American Markets: Chile central bank ups 2010 growth view, peso up

[at MarketWatch] - Chilean equities rise Wednesday, outperforming their regional rivals after the country s central bank raised its outlook for gross domestic product growth this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras.

Japanese Yen Forex Options Sentiment Suggests Major Reversal Near

[DailyFX] - Intensely choppy forex market price action has made short-term US Dollar forecasts especially difficult, but evidence of sentiment extremes in the Japanese Yen suggests that the USDJPY may soon reverse.

Summary Box: Dollar stays at low level against yen

[AP] - THE TREND: The U.S. dollar is trading near a 15-year low against the yen as investors continue to see the Japanese currency as a safe haven for their money amid worries about the U.S. economy.

Currencies: Dollar pares losses after Fed s Beige Book

[at MarketWatch] - The U.S. dollar slightly pares losses after the Federal Reserve s Beige Book cites a slowing economy and limited inflation pressure.

GBP/USD: Trading the Bank of England Interest Rate Decision

[DailyFX] - The Bank of England is widely expected to maintain its current policy in September, and the British Pound could face increased volatility following the rate decision as investors weigh the prospects for future policy.

Currencies: Dollar weaker after Fed s Beige Book

[at MarketWatch] - The U.S. dollar weakened versus most major rivals on Wednesday on better news out of Canada, U.K. and U.S. stocks heading higher.

ECB steps up eurozone bond buying

[at Financial Times] - The European Central Bank has stepped in to shore up the eurozone government bond markets in what appears to be its biggest such intervention since early July. The ECB has bought between €100m and €300m of Greek, Irish and Portuguese bonds so far this week, traders said on Wednesday, as worries over the health of some highly indebted eurozone economies resurfaced.

Japanese lessons on ill-timed fiscal tightening

Double-dip recessions are rare. Is the current growth scare different? Sushil Wadhwani warns against delaying policy action, which cost Japan dear

Fall in German exports signals slower growth

German exports fell 1.5 per cent in July in the latest sign that growth in Europe's largest economy is slowing

Japan finance minister fails to curb yen

The Japanese yen hit another 15-year high on Wednesday despite fresh comments from the Japanese finance minister about the possibility of currency intervention

Worries about German banks stalk euro

The single currency suffers after the German Banking Association says the country's 10 biggest lenders may need another €105bn of additional capital

Resurgent Swiss franc seems unstoppable

Investors are said to regard the currency as the new Deutschmark, marking an important change in sentiment

Eurozone fears send investors to havens

Revival of concerns that stress tests in July understated lenders' holdings of risky government debt

Chinese banks push non-resident accounts in reaction to HK remninbi challenge

Risk.net Move by financial institutions on the mainland may blunt efforts by Hong Kong banks to establish the special administrative region as a pre-eminent centre for offshore renminbi trading

Quantitative easing fears dent sterling

Sterling failed to benefit from the upturn in risk appetite that was sparked by better-than-expected US and Chinese economic data last week

CFTC retail FX rules fail to curb offshore trading

Risk.net New US Commodity and Futures Trading Commission rules will hasten flow of retail foreign exchange business abroad

FxPro eyes Aim listing

Cyprus-based foreign exchange broker aimed at retail investors expected to announce its intention to float on London junior market

Swiss franc benefits from haven status as doubts spread

Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand

Renminbi dispute looks set to haunt Sino-US economic talks

President Barack Obama's top economic adviser will arrive for talks in Beijing this weekend, just as the simmering argument about the Chinese currency and global imbalances threatens to heat up again.

Swedish krona hits high against euro

The Swedish krona rises to a two-year high against the euro after the Swedish central bank raises interest rates and delivers an upbeat economic assessment

Retail brokers win US leverage battle

Risk.net The US CFTC leverage rules on retail foreign exchange transactions less harsh

EIA Report…

The EIA report showed that U.S. commercial crude oil inventories increased by 4.1 million barrels from the previous week. At 358.3 million barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year.Whereas total motor gasoline inventories increased by 2....

The Nemenoff Report - Bonds Higher, S&P's Lower, Silver Higher

Sept. Bonds are currently 23 higher at 136'15. The long 10 Yr. Note/ short Bond spread is now at 9'24 premium the Bonds. To say that I am currently on the wrong side of this market would be an understatement given the current losses. However, I feel that I will be right for the long term. Yesterday a disappointing Existing Home Sales report showed a decline of 27.2% which caused the market to rally to new recent highs. This mornings[…]

US New Home Sales of July

The US economy released this morning its New Home Sales Figure during July, where it fell by 12.4% to reach 276 Thousand which is worse than the expected flat rate no change at 330 Thousand, and worse than the previous 23.6% climb.

The Energy Report for Wednesday, August 25, 2010

Still we look to find a reason to believe. If I listened long enough to you, a bullish case I guess you could make do, knowing that supplies are high worldwide. Still I look to find a reason to believe. The bulls need something to believe in as a plunge in existing homes sales is another dagger in the heart of the bullish case. The drop caught many by surprise as the existing home sales hit the lowest level since[…]

US stimulus program supported growth and eased the recession depth…

Just recently congressional analysts proclaimed that the $814 billion that enacted by the Obama administration at the start of the year 2009 boosts the world's leading economy by almost 4.5 percent in the second quarter of this year and kept the jobless levels across the country below 10 percent, in...

Barnes bows out of RBS

Risk.net Royal Bank of Scotland suffers two senior departures in its foreign exchange business

US Durable Goods Orders

The US economy released this morning its Durable Goods Orders report for the month of July, where the report showed that Durable Goods Orders grew by 0.3% which is less and worse than the forecasted 3.0% climb yet better than the previous fall of 1.0%.Durable Goods Orders Ex Transportation fell by 3...

India leads global gold surge

India's love affair with the yellow metal is gaining strength every year with the 2010 first half showing a 94 per cent rise in demand for gold in India as compared to the 2009 first six months.

Oil Rebounds with U.S. Durable Goods Data Ahead

Crude Oil prices bounced from a 7 week low on Wednesday as investors looked for relief in U.S. durable goods and oil inventory reports due later in the day, after fears of a double-dip recession intensified with dismal housing data.

Ireland Downgrade Shakes Forex Markets

A downgrade of Ireland's sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales.

Fundamental Oil Report (2010-08-25)

Crude today continued to trade below $72 per barrel due to ongoing global economic fears gripping markets, alongside stock markets plunging at an alarming rate yesterday.

World Markets Tumble. Data and Influential Comments Deepen Growth Worries

The broad-based selloff yesterday began in Asia yesterday and accelerated in European and US sessions as economic data released was disappointing and policymakers' comments about outlook were bearish. Wall Street tumbled with DJIA and S&P 500 Indices plunging -1.32% and -1.45% respectively.