FOREX-Euro hits 3-week high, pares gains; sterling falls

[at Reuters] - * Euro hits 3-wk high vs dlr but capped around $1.2920 * Risk currencies supported after U.S. payrolls data * Sterling falls on large flows in euro/sterling

Forex Strategy Outlook: Breakout Strategies Favored on Indecisive Currency Price Action

[DailyFX] - A drop in forex market volatility expectations suggests that currency moves may slow in the week ahead, limiting optimism on volatility-friendly Breakout and Momentum strategies. Yet a continued slide in the safe-haven US Dollar shows few signs of slowing amidst a major improvement in financial market risk sentiment.

Dollar Mixed in Light Holiday Trading

[at TheStreet.com] - The dollar is mixed against major currency rivals in quiet holiday trading and has given up much of its Friday gains against the yen.

Fears of further QE weigh on pound

Sterling came under pressure on Monday, failing to benefit from the upturn in risk appetite that was sparked by better-than-expected US and Chinese economic data last week

MONEY MARKETS-Euro rates drop after liquidity extended

Currencies: Dollar slips as risk appetite rises in quiet trade

[at MarketWatch] - The dollar consolidated versus major rivals in quiet trade Monday, as investor appetite for riskier assets remained buoyed by a stronger-than-expected round of U.S. labor data last week.

Will German Growth Push Euro Interest Rate Up?

[at CNBC] - How much longer will Germany want or need to be a member of the euro zone is a question that s been increasingly asked since the start of this financial crisis.

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

Euro rises against dollar to $1.2900

[AP] - The euro is up against the dollar ahead of expected light trading as U.S. markets were closed for a national holiday. The 16-nation euro rose to $1.2900 in early Monday trading, up from $1.2882 late Friday in New York.

US Dollar, Japanese Yen Sold as Risky Assets Rise in Thin Holiday Trade

[DailyFX] - The US Dollar and Japanese Yen declined as risk appetite carried over from Friday’s trade pushed shares higher in Asian hours, sapping demand for the safety-linked currencies.

FOREX-Dollar vulnerable, hovering near 15-yr low vs yen

[at Reuters] - * Risk currencies firm after positive U.S. payrolls * Dollar looks vulnerable against yen, near 15-yr low * Kiwi inches up after earthquake

Forex & Commodities: Dollar Slips as Risk Appetite Improves

[at CNBC] - The dollar edged lower on Monday as last week s positive U.S. payrolls data offered some relief to markets jittery about another recession in the world s largest economy.

Forex Fundamental Trends Monitor 09.06.2010

[DailyFX] - Forex markets are seemingly poised to extend last week’s forceful recovery in stocks-correlated currencies but seasonal factors may complicate the sentiment landscape, opening the door for a return to risk aversion.

FOREX-Dollar on defensive after solid U.S. payrolls

[at Reuters] - * Risk currencies firm after positive U.S. payrolls * Dollar looks vulnerable against yen, near 15-yr low * Kiwi flat after earthquake

FxPro eyes Aim listing

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

Trichet says a Greek exit from euro worst option

[AP] - European Central Bank chief Jean-Claude Trichet said Saturday that if Greece were to leave the eurozone and revert to the drachma, that would be the worst possible option.

Weekly Fundamental Forecast - 09.06.10

[DailyFX] - Dollar on the Verge of a Bearish Reversal as Support, Liquidity Dry Up Euro Forecast Turns Bullish on S&P 500 Rallies – Test of 1.30 Likely Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision British Pound May Rise With Stocks But Seasonal Factors, BOE Threaten Canadian Dollar Looks to BoC Rate Decision for Next Moves Australian Dollar May Gain Further on RBA Expectations, S&P Strength New Zealand Dollar Tracks Risk as Seasonal Forces Complicate Rebound Gold[…]

British Pound May Rise With Stocks but Seasonal Factors, BOE Threaten

Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility

[DailyFX] - Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls report, risk appetite would start climbing before the US exchanges came online.

British Pound May Rise With Risky Assets But Seasonal Factors, BOE Threaten

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

Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision

CANADA FX DEBT-C$ hits two-week high on U.S. jobs surprise

FOREX-Dollar falls vs euro, higher-yielding currencies

[at Reuters] - * Risk appetite increases; yen, Swiss franc under pressure * U.S. payrolls fall less than expected in August * U.S. service sector activity slows in August

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

SNB is backed into a forex corner

The Swiss franc might be hovering near record highs against the euro, but the Swiss National Bank is unlikely to revert to direct intervention

Growth provides fillip for Australian dollar

The Australian dollar makes rapid progress as forecast-beating growth data dents expectations that the Reserve Bank of Australia will cut interest rates

Emerging market dollar issues soar

Companies and governments in emerging markets borrow more cheaply in the dollar than in their currencies for the first time in two years

May cause side FX

The continuing and increasing popularity of forex trading may be relatively easy to explain, but it is much harder to justify

Demonised 'algos' push the surge in FX trading

High-frequency traders are a fast-increasing force in FX markets, which is sparking a fierce debate as to their value to the market

Swiss franc jumps to high against euro

The Swiss franc rose to a high against the euro on Tuesday and a seven-month peak against the dollar

Backlash prompts rethink on forex leverage

The Commodity Futures Trading Commission softens proposals on the use of borrowed money in retail foreign exchange trades in the face of an unprecedented pushback from dealers and small traders

Renminbi deposits jump at HK banks

Hong Kong's bankis accumulated renminbi deposits at the fastest pace in more than two years in July as China boosted the international use of its currency

Retail brokers win US leverage battle

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

Yen undaunted as BoJ announcement disappoints

The yen continued to climb despite the Bank of Japan's announcement that it was expanding its special loan programme

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.

German August IFO Index

German IFO business climate for the month of August rose to 106.7 from 106.2, higher than projections of 105.7. IFO Current Assessment rose to 108.2 from 106.8 and median estimates of 107.5, while IFO expectations ticked down to 105.2 from the prior 105.5, yet better than forecasts of 104.3.

S&P downgrades Ireland credit rating

Standards & Poor's Rating Services downgraded on Tuesday the Irish government long-term bond rating by one step, to "AA-" from "AA", while keeping the short-term rating at "A1+". The outlook is negative, reflecting S&P's view that a possible downgrade for government bonds might be witnessed in the n...