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Forex Live

About Forex Live

ForexLive is geared toward foreign exchange traders, investors and enthusiasts or anyone interested in international financial markets. We bring speed, clarity and a dose of fun to our market analysis. Readers are encouraged to express their opinions and insights via the comments section that accompanies each post.

ForexLive Asian market wrap: End-of-month flows and margin calls

Post date: 05/31/2012 - 12:03am

Heavy turnover in the Tokyo market as asset managers shift funds pre month-end
Significant corporate flows were also apparent
Margin calls in AUD/JPY in retail market sent pair tumbling on Tokyo open
Regional stockmarkets fall by 1.5% on the open and consolidate those losses through the session
Gold rallied hard and fast in late NY, jumping $30 from $1535 to $1565.

ForexLive North American wrap: Not your regular 'risk off' day

Post date: 05/30/2012 - 4:16pm

US 10-year yield falls 12 basis points to record-low 1.62%
German 2-year schatz yield falls to zero, record lows across curve
UK gilt yields hit record lows
Spanish 10-year yields at highest since November
Greek polls (1, 2)
EU considering extending Spain deficit goal deadline
EU's Rehn says direct EFSF payments to banks not possible
Oil at $87.30 -- lowest since October
US pending home sa

European morning wrap: Volatile morning session has something for everyone

Post date: 05/30/2012 - 7:27am

EU willing to 'envisage' direct ESM bank recapitalizations
Bank of Spain's Ordonez: ECB cannot solve euro zone's underlying problems
Spanish/German 10 year govt bond yield spread widens sharply to 537 bps from early 508
Economy Ministry spokesman: Spain did not consult ECB on any Bankia plan
ECB says has not been consulted and has not expressed position on Spanish authoritie's plans to recap

ForexLive Asian market wrap: EUR/USD makes fresh two-year low

Post date: 05/30/2012 - 12:00am

EUR sentiment was negative on reports that the ECB would reject Bankia bailout plans
Reports on the LTRO during late NY trade also weighed on EUR sentiment
Official Chinese press reports that China had no plans for large-scale stimulus also hurt risk sentiment
Greek poll results putting the pro-austerity party slightly ahead did nothing to help the EUR
Australian retail sales fell by 0.2% MoM

ForexLive North American wrap: Euro hits lowest since July 2010

Post date: 05/29/2012 - 4:07pm

EU proposes cross-border bank rescues
May US consumer confidence 64.9 vs 70.0 exp
March Case-Shiller home price index falls 2.6% y/y
German HICP -0.2% m/m vs -0.1% exp
Portuguese bank deposits rise
Chicago Fed Midwest manufacturing index 94.2 in May from 92.0 in April
Rumor of ECB bank re-cap program; later denied
ECB's Ordonez to leave a month earlier than expected
AEP mulls pooled fund t

European morning wrap: Summertime and the livin is easy

Post date: 05/29/2012 - 6:50am

Earthquake hits Northern Italy, fatalities
European unity in trouble - Pew research center
Spanish treasury: Will raise money for Bankia in several steps
China has no intention to introduce large scale stimulus - Xinhua
German April import prices -0.5% m/m, +2.3% y/y, marginally weaker than Reuter's median forecasts -0.3%, +2.6% respectively
UK May CBI retai lsales balance +21, much stronger

ForexLive Asian market wrap: Early risk aversion gives way to boredom

Post date: 05/29/2012 - 12:00am

Japan's jobless rate rises slightly to 4.6%
Japan's household spending rises for 3rd consecutive month
Retail sales rise for 5th consecutive month
BoE Broadbent: Right amount of stimulus in place at present
US holiday ensures another illiquid early session
Regional stockmarkets fall early but rebound to be mostly positive, except Nikkei which was -0.3%
Gold $1572/oz; Oil $91/bbl

Risk aversi

European morning wrap: Busy going nowhere. Is there a holiday somewhere today?

Post date: 05/28/2012 - 6:39am

ECB's Gonzalez Paramo: Spain shouldn't have 6% interest rates
Spanish govt source: Spain's govt has informed ECB of plans to recapitalise lenders through state bonds. ECB not objecting
Spain's treasury says it is in a very strong position to repay maturing debt
Spanish/German 10 year govt bond yield spread widens out to 508 bps from early 494
Italian May business confidence 86.2, weaker than

ForexLive Asian market wrap: Risk sentiment improves on Greek polls and Spanish banking news

Post date: 05/28/2012 - 12:03am

BOJ Minutes: Must avoid policy which is seen as monetisation
Japan April CSPI +0.2% YoY, compared with -0.2% last month
EZ bank funding reports give EUR a lift
Greek weekend polls show pro-bailout parties back in lead
China industrial company profits -2.2% in April
RBA Stevens: No doubt that Chinese data is on softer side
EUR short positions seen at record levels
Regional; stockmarkets fair

ForexLive North American wrap: Euro breaks 1.25

Post date: 05/25/2012 - 4:22pm

Catalonia calls for govt financing help
Spain injects 19 billion euros into Bankia
S&P downgrades Bankia, Banco Popular to junk
Spain not considering EU help for banks
BOE's Weale: Weak GDP strengthens QE case
Dutch PM: We will never allow eurobonds
U Mich final consumer sentiment 79.3 vs 77.8 exp
Greek tourism revenues down 15.1% in Q1
Van Rompuy: Confident Greek people will make the righ