UK Industrial Production (MoM) for JUL out at 0.3% vs. 0.4% expected and -0.5% prior. UK Manufacturing Production (MoM) for JUL out at 0.3% vs. 0.3% expected and 0.3% prior.
UK Industrial Production (MoM) for JUL out at 0.3% vs. 0.4% expected and -0.5% prior. UK Manufacturing Production (MoM) for JUL out at 0.3% vs. 0.3% expected and 0.3% prior.
Alakul :)
Ezt a forgolódást vazze! EURUSD-t elkaptam shorttal (2718 és 2706)
GBPUSD-re én is tettem egy lapáttal 5473-on...GBPJPY-re még nem mertem, szvsz mehet még följebb, meg az a shortom nem oly vészes..
enegem 4ben
kabel, jen, chf, cad
lkegalabb eurfont shortom ok es
Én ráadtam GBPUSD (5463) és GBPCAD-re (6185) is. Nem értem mire ez a nagy öröm...
Ha feljebb megy kap még :)
Kis öröm ez.
UK Halifax House Prices sa (MoM) for AUG out at 0.2% vs. -0.5% expected and 0.6% prior.
ezek aztan hianyoztak.
jon meg kesobb arra meg kivancsi leszek
$ index et nezve vszinu neked lesz igazad
ez q....a index mar sokadjara szivat meg teljes pályan
Jóregg!
Én is nyitottam egyet, nem szép, de az 1,542-es higítást megpróbálom én is! :)
szerk...usdx jön lefelé...megint mindent fordít...
ejjel en mar dobtam ra egyet
nem nez ki tul jol
nem igazan ertem miez a font felhuzas
sztem csak speki felhuzas a likvid szuke idoben, de ki tudja.......
10 ora utan eldol remelem merre az arra
Morning Adviser Europe 9/8/2010 6:03:00 AM
Euro Steadies After Fall
By Gareth Berry
Dollar performance was mixed during the Asia session. The euro stabilised against the dollar after yesterday's fall given the absence of further negative news, but the dollar continued to lose ground against the yen, despite increased rhetoric out of Japan. US equities closed 1% lower and the stronger yen has pushed the Nikkei-225 -2% lower at the time of writing. EURUSD traded 1.2676-1.2732, USDJPY 83.35-83.88. Today the Fed's Beige Book is unlikely to provide many surprises and we are likely to see choppy dollar price action unless we get better clarity on the US recovery or should credit indicators signal growing contagion fears.
Key Events 8 September 2010 Source: UBS Global Economics Country GMT Release/Event Frequency UBS Prev/Revised Consensus Actual Sweden 07:30 GDP sa (Q2 F) q-o-q 1.20% 1.20% 1.20% UK 08:30 Industrial Production (July) m-o-m 0.50% -0.50% 0.40% Germany 10:00 Industrial Production sa (July) m-o-m 0.80% -0.60% 1.00% Canada 13:00 Bank of Canada Rate % 0.75% 0.75% 1.00% Canada 14:00 Ivey PMI (Aug) index 56.0 54.0 55.5 United States 18:00 Fed's Beige Book United States 18:30 Fed's Kocherlakota Speaks United States 19:00 Consumer Credit (July) USD bn -4.0 -1.3 -4.3 UK NIESR GDP Estimate (Aug) m-o-m n/a 0.90% n/a
Research Spotlight "Euro Worries Resurface" UBS Global Economics Despite last week's better-than-expected US ISM and payrolls releases, most of the data disappointments of recent weeks have been concentrated in the US. Growth outcomes in Europe, by contrast, have continued to surprise on the upside, while survey and trade data from export-oriented Asian economies such as Taiwan, Singapore, and Korea, have recently turned downward. Data flow is likely to remain uneven, and a source of continued uncertainty for financial markets. Please see the "Data Very Much A Matter" note on www.ubs.com/fx for details.
EUR Targets: EURUSD 1m 1.2800, 3m 1.1500 Eurozone peripheral sovereign bond spreads remain at or near record wides as concerns mount over Eurozone banks and associated sovereign risks. The Irish Finance Minister revealed that he is seeking approval from the EU Commission to extend the government bank guarantee scheme for another 3 months. It was due to expire at the end of September but now, subject to the necessary EU approvals, it will be extended until the end of the year. The scheme offers state guarantees on corporate deposits held at Irish financial institutions, as well as guarantees on interbank lending. Today, Portugal is due to sell up to ?1.25bn in Sept 2013 and April 2021 bonds. Given the spread widening we have seen, and the euro's sensitivity to it, the auction will likely be a key driver of euro direction today. ECB Executive Board member Stark was on the wires as he discussed the euro and while he did not say anything particularly new, his tone seemed a touch more downbeat than ECB President Trichet's comments last week. Stark reiterated that Eurozone growth will moderate in 2H 2010 and there are economic growth risks beyond 2010. Elsewhere, ECB Executive Board member Quaden said that the prospect of deflation in the Eurozone is just as unlikely as the prospect of high inflation. At -2.25 (cons. 0.5%, prev. 3.2%) German industrial orders for July came in well below expectations. In particular falling foreign demand drove industrial activity lower. According to the German Economy Ministry in particular below average volume of big orders dampened the overall result. We remain skeptical of any rallies in EURUSD and look for more euro downside over the medium-term.
JPY Targets: USDJPY 1m 85.00, 3m 95.00 USDJPY dropped to a new 15-year low of 83.35. but we do not think intervention is likely yet. There is still more room before the 79.75 1995 low in USDJPY and until investors either get more clarity on the US outlook and potential Fed actions or Japanese officials ratchet up their rhetoric in concert with approval from other nations, we could see the pair continue to drift lower on global growth uncertainty. There was more rhetoric from Finance Minister Noda overnight. He revealed he is watching currency movements with great interest and that he is willing to take decisive steps on FX, including intervention, when needed. He said he is cooperating with other G20 nations on the forex issue, but did not elaborate. BoJ Governor Shirakawa said that the yen's rise on Tuesday reflected doubts about the credibility of European bank stress tests. He said he was watching out for downside risks to the Japanese economy arising from the yen's strength, and that the BoJ is poised to take additional steps if these downside risks materialise. This is Shirakawa's clearest statement yet that further easing could be on the cards. Like Noda, Shirakawa revealed he is also closely communicating with G20 counterparts.
CAD Targets: USDCAD 1m 1.0200, 3m 1.0200 Consensus estimate is for a 25bp hike from the BoC but it is not a clear consensus as only 13 out of 20 economists surveyed voted for 25bp. Investors seem split as well as they are only pricing in 17bp. Our Canadian economic team does not expect a rate hike and even if the BoC does hike it may issue a dovish policy statement, similar to its two previous ones issued during the June and July hikes. Should that occur, near-term CAD gains may be short-lived.
FX Technicals
USDJPY clears 83.60 EURUSD BEARISH Recovery held below 1.2933 thus bringing our focus back on 1.2588. Break of the level would expose next support lying at 1.2434 Fibonacci level. USDJPY BEARISH With the clearance of 83.60 bearish trend remains intact. Next support is at 79.75 key level. Short-term resistance is defined at 85.23 GBPUSD BEARISH Push below 1.5324 exposes 1.5125 next. Near-term resistance lies at 1.5584 ahead of 1.5742 USDCHF BEARISH Momentum is negative; expect extension of bearish trend towards 0.9918 ahead of 0.9786. On the upside resistance holds at 1.0265 ahead of 1.0466 AUDUSD BULLISH The gains are expected to move towards 0.9222 with scope for 0.9389 next. Only a move below 0.8856 would hurt the positive tone. USDCAD NEUTRAL Model has turned neutral with 1.0680 and 1.0108 defining the next bull and bear trigger respectively. EURCHF BEARISH The push below 1.2852 exposes 1.2501 and then 1.2403. Resistance at 1.3163 EURGBP BEARISH Following the sharp decline yesterday, model has turned bearish. Holds support at 0.8249 ahead of 0.8142. Near-term resistance is defined at 0.8390 ahead of 0.8532 EURJPY BEARISH Bearish pressure eyes 105.44, scope for next support at 100 psychological level. Resistance is at 111.19 *NOTE: The trend for each currency pair as defined in the table is determined by our proprietary model and is independent of our discretionary interpretation of price action
GBPUSD kap tőlem egy shortot, ugyan ott ahol tegnap 1,54200-nál.
nekem mind1 hogy adjak elo csak ilyen 2-3szaz p-es hajnali intervenciotol kimeljenek meg
es ha lehet 80.5 ig engedjek
Na mostmár tényleg tört a 83,6-os támasz...
