ForexLive European Wrap: Dollar generally little firmer

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German December manufacturing orders -3.4% m/m, demonstrably weaker than median forecast of -1.5% m/m German Sentix euro zone investor morale index rises to 16.7 in February, up from 10.6 in January, stronger than median forecast of 12.5.  Highest read since September 2007 Einstein was right - honeybee collapse threatens global food security - Latest from AEP at The Telegraph Europe's not playing ball with Merkel - Irwin Stelzer at WSJ Dollar is generally firmer, although gains against commodity currencies negligible. EUR/USD down at 1.3545 from early 1.3605 having been as low as 1.3534.  Real money notable sellers this morning.  BIS/Asian sovereign buying in 1.3585/95 area slowed the descent for quite awhile. But we had already tripped light stops through 1.3570 when much weaker than expected German manufacturing orders (see above) accelerated the slide. Limited stops have been tripped below 1.3540 but there's been no  real followthrough as yet.  Talk of buy orders down at 1.3500/10, stops below there. USD/JPY up at 82.35 from early 82.20.  US yields ticked higher in early European trade helping us get to session high 82.46. But then they retreated somewhat and so did USD/JPY. Japanese bank notable seller around the highs, offloading in region of half a yard.  Cable down at 1.6105 from early 1.6135.  Inbetween though we got as high as 1.6185 as gilt yields rose smartly in early trade.  An Asian sovereign was seen selling around the highs and we then retreated rather quickly. AUD/USD at 1.0140 from early 1.0150.  Hedge fund selling was seen early, but it didn't make much of a lasting dent in bullish sentiment. Overnight in Asia, Australian exporters were seen strong buyers down around 1.0105/15. USD/CAD unchanged at .9870
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