btw: There are news about Fonterra's Reuters-reported disclosure that it will miss forecast milk production growth this season because of drought. This should weight on NZD. Personally I took first NZDUSD short two weeks ago and Im taking second today.
BERLIN (Dow Jones)--Financial aid for Greece from the euro zone would violate the currency bloc's founding treaty, a group of leading German think tanks said Thursday. In their biannual report on the German and world economies, the institutes said that if euro-zone countries decide to implement their EUR30 billion aid plan, the International Monetary Fund must play an important role in supervising the distribution of the funds. "However, such aid contradicts the spirit of the Maastricht treaty," the institutes said, referring to the 1991 pact that serves as a foundation for the 16-nation currency bloc.
... they suddenly found out after weeks of talking... muhahaha ... no jokes, this is ridiculous.
Telegraph: The Conservatives are on course for a convincing election victory after a new poll for Telegraph showed the party is leading Labour by 12pts in crucial marginal constituencies. On the eve of first ever leaders' television debate, the most comprehensive survey of swing seats since the campaign began showed David Cameron comfortably ahead. 43% of voters questioned said they would vote Conservative, 31% Labour and 20 Lib Dem. On FX, speculation of options barriers at 1.5500 handle, but talks Asian sovereign have been good buyers, bids 1.5400, stops above.
@redstone: a moment ago I wrote in the JPY thread in similar vien. The dollar is weak third week now. It started right at the moment we thought it's all roses again. I have a really ugly shorts on GBPUSD and Im not sure my nervous system is strong enough to hold it much longer. If this is a 700pips pullback then the next leg down will be more than impressive. The problem here is the 'IF'. And Im afraid that nobody has any idea right now what's going to happen. Sure I'd be more than happy to see USD strength for next month or two, but ... I don't know - my head is completely empty... no idea.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
In their biannual report on the German and world economies, the institutes said that if euro-zone countries decide to implement their EUR30 billion aid plan, the International Monetary Fund must play an important role in supervising the distribution of the funds.
"However, such aid contradicts the spirit of the Maastricht treaty," the institutes said, referring to the 1991 pact that serves as a foundation for the 16-nation currency bloc.
... they suddenly found out after weeks of talking... muhahaha ... no jokes, this is ridiculous.
Telegraph: The Conservatives are on course for a convincing election victory after a new poll for Telegraph showed the party is leading Labour by 12pts in crucial marginal constituencies. On the eve of first ever leaders' television debate, the most comprehensive survey of swing seats since the campaign began showed David Cameron comfortably ahead. 43% of voters questioned said they would vote Conservative, 31% Labour and 20 Lib Dem. On FX, speculation of options barriers at 1.5500 handle, but talks Asian sovereign have been good buyers, bids 1.5400, stops above.
and yes, there was some modest buying in Asia