April 2011 Blog Posts (246)

Further new highs for EUR LIBORs

EUR 3 month LIBOR up to 1.2075%, next 1.25%

EUR 1 year LIBOR up 1/2bp, 2.00% target from March 2009

UK 3 month LIBOR up a fraction, new high.

US 3 month LIBOR down 0.3bp, below 0.30%

Added by César B.Leiceaga on April 5, 2011 at 10:47am — No Comments

Market Recap

Moody's downgrades Portugal from A3 to Baa1

Euro Zone PMI highest since August2007

UK Serice PMI jumps to 13 month highs to 57.1 vs 52.5

Portugal CDS wider that Ireland for the 1st time since August

PBOC raises lending and deposit rate by 25bps

EUR/GBP down 1% on cables bullish reaction to PMI data

 

 

 

Added by César B.Leiceaga on April 5, 2011 at 10:37am — No Comments

Option rumour in cable

Talk of a size buying interest in long dated cable downside - 1year 1.5000 GBP PUT, said to have been paid GBP500million at 12.35 and 12.4 with a swiss name as the buyer.

Added by César B.Leiceaga on April 5, 2011 at 10:30am — No Comments

Statement Apr.5

This is the first statement since deposit. It includes a trade taken on last week's re-entry signal from Friday, today's EURUSD trade (made a mistake & closed it earlier by accident, had to re-open it later) & a cable trade taken on a different strategy (which I'm planning to present on the blog soon as well). Currently I'm below 1% profit.
________________________________________
FXPRO Financial Services…
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Added by Mihai Marinescu on April 5, 2011 at 10:30am — 1 Comment

GBP/JPY Buying emanating from Japan

The pair continues to grind higher for a test of R3 in 136.98, currently down a few pips on profit taking. R2 now turns support in 136.55 and bullish trendline comes in at 136.10/05 area coinciding with the hourly 21EMA and daily R1.

 …

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Added by César B.Leiceaga on April 5, 2011 at 10:27am — No Comments

Starting the day

Hi all and welcome back! Leaving aside Pound, majors´prices are mostly unchanged compared to Asian opening. The Euro is slightly lower as quite negative Retail Sales data hit the euro zone, along with more Portugal jitters, sending yields back to the sky. Still, the downside remains pretty much limited: and educated guess would say buyers are not yet ready to give up or profit: we will probably remain on hold until Thursday ECB rate decision.

 

Pound soared over the last couple…

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Added by Valeria B Bednarik on April 5, 2011 at 10:05am — 9 Comments

European CDS consolidate

Portugal - Germany 5yr CDS spread 20bps wider at 600 (new record wide) while cash is a mere 5bps wider.

That means Portugal trades wider than Ireland for the first time since August.

The corrective sentiment shown on the Sector Financial Index  2.5bps wider at 132.

 

Added by César B.Leiceaga on April 5, 2011 at 9:50am — No Comments

SFO Closes WSD Investigation

Hi everyone

 

New Zealand's Serious Fraud Office (SFO) has decided to close WSD Global Markets Limited and related companies investigation after riding the company's offices last October 2010 due the lack of evidences to support the laying of criminal charges.

 

Forex - New Zealand SFO Raids Offices Of WSD Group

 

In its…

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Added by Francesc Riverola on April 5, 2011 at 9:29am — No Comments

Cable headed to multiple resistance zone

Key technical resistance zone in sterling:
1.6225 - 61.8% Fib retrace from 1.6400 - 1.5935 swing
1.6442 - March 9th high
1.6444 - Daily pivot R3
1.6456 - March 18th high

Added by César B.Leiceaga on April 5, 2011 at 8:58am — No Comments

FxPro Launches ECN Solution

FxPro Announces Launch of FxPro xTrader a Unique ECN Solution

5 April 2011, London: FxPro Financial Services Ltd (FxPro), a leading global broker in FX today announces the launch of FxPro xTrader – a unique and easy-to-use ECN solution.



FxPro xTrader is an innovative Electronic Communication Network (ECN) platform, designed specifically for FX trading. Harnessing ECN speed, multi-bank liquidity and functionality, FxPro xTrader is a powerful and user-friendly… Continue

Added by Francesc Riverola on April 5, 2011 at 8:48am — No Comments

Retail Forex Brokers: Ikon Global Markets Out, TradeStation Forex In - Forex Magnates

US Forex Brokers – Ikon GM out, Tradestation Forex in

by Michael Greenberg at Forex Magnates

And then there were thirteen… Actually twelve as CMS Forex is phasing out. Ikon GM is out (since October 2010, Francesc thanks for the tip) and Tradestation… Continue

Added by Francesc Riverola on April 5, 2011 at 8:43am — No Comments

EUR/CHF Technical View

The cross is finding it hard to maintain bullish momentum and has recently peaked since the interest rate move from the ECB may already be priced in.

But apparently swing traders are willing to buy the pair at lower levels. Bids are seen around in 1.3040/50 (trendline support) area with stops through 1.3030 to the figure.

 …

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Added by César B.Leiceaga on April 5, 2011 at 7:50am — No Comments

Reuters: March Daily Forex Trading Volumes Over $150 Bln

Reuters: March Daily Forex Trading Volumes Over $150 Bln
LONDON (Dow Jones)--Currency trading volumes handled by systems owned by Thomson Reuters PLC averaged over $150 billion a day in March, the largest monthly figure since October 2010, the company said Monday.

Added by Francesc Riverola on April 4, 2011 at 6:40pm — No Comments

Hourly perspective for US session

Quiet, almost boring Monday, the dollar seems heading for more falls in the US session; here is the technical perspective for major crosses:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/04/04/02/

Added by Valeria B Bednarik on April 4, 2011 at 1:29pm — No Comments

EUR/USD technical view

EUR/USD continues trading inside the daily ascendant channel, with a bullish bias short and long term talking; the 4 hours chart shows indicators above their midlines, yet losing momentum, while price is well above a bullish 20 SMA and capped to the downside now, by 1.4180 static support zone. Too far away, base of the channel lies today around 1.4040, and slowly increasing. Guess the line will hold at least until Thursday's rate decision, and TRichet's speech. For today, lose of mentioned…

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Added by Valeria B Bednarik on April 4, 2011 at 11:54am — 7 Comments

Forexstreet.net Closes A Dreaming Week Scraping 5,000 Visits

Outstanding week

 

Francesc

 

Unique Visitors: 2,722 - 22 percent increase from previous high of January 9th to 15th 2011

Visits: 4,920 - 42 percent increase from previous high of January 9th to 15th 2011

Page Views: 15,279 - 29 percent increase from previous high of December 26th 2010 to January 1st 2011

 …

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Added by Francesc Riverola on April 4, 2011 at 11:42am — No Comments

COT Silver explained

 

Hedge-fund managers and other large speculators increased their net-long position in New York silver futures in the week ended March 29, according to U.S. Commodity Futures Trading Commission data.



Speculative long positions outnumbered short positions by 37,139 contracts on the Comex…

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Added by César B.Leiceaga on April 4, 2011 at 11:33am — No Comments

New highs for EUR LIBORs

EUR 3month LIBOR up 1.3bp to new high at 1.203%. 1.25% next

EUR 1year LIBOR up nearly 1bp, 2.00% target from March 2009

 

Added by César B.Leiceaga on April 4, 2011 at 11:21am — No Comments

EUR/USD Intraday Technicals

Bouncing off the 38.2% Fib above the daily pivot located between 1.4180 and 1.4190. The pair is currently fighting the intraday bearish trendline that comes in at 1.4220/30. A push above this resistance area could cause a bullish rally. Note that the EUR/USD and USD/JPY are positively correlated (+0.757) on a 30… Continue

Added by César B.Leiceaga on April 4, 2011 at 11:12am — No Comments

Market Recap

EUR/USD reaches 5 month highs at 1.4269 during the Asian Session, big sized stops seen below 1.4180.

EUR/JPY hits a 20 month high at 120.05. BoJ bond buying, moves possible.

Cable gains ahead of M&A flows from Vodafone sale (French SFR) providing some weigh to sterling through EUR/GBP.

AUD/USD 29 year high in place with RBA expected to hold rates tonight.

 

 

Added by César B.Leiceaga on April 4, 2011 at 10:40am — No Comments

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