National bank announces 2.8 bln euros capital increase
2010-09-07 19:30:00
Source: XE Forex News Edit
Greece's largest lender National Bank announced a 2.8 capital increase on Tuesday to better deal with the economic crisis and position for further expansion in Turkey and Eastern Europe, the bank said.
UPDATE 1-US Justice Dept probing Google/ITA deal - sources
2010-09-07 19:27:00
Source: XE Forex News Edit
The U.S. Justice Department is looking into allegations that Google Inc's purchase of airline ticketing firm ITA Software Inc will cost rivals access to data they need to compete with the search giant as it moves into the travel market, sources...
Ranging or Trending
2010-09-07 19:24:00
Source: XE Forex News Edit
Student's Question:If we are looking at the chart, surely it's nothing too difficult to identify whether the market is in range or trending condition since the chart...
Euro Re-couples with Risk as Banking Concerns Drive Broader Markets
2010-09-07 19:24:00
Source: XE Forex News Edit
The EUR/USD sunk nearly 200 pips overnight as concerns that European banks are at risk as they hold more potential toxic sovereign debt than reported in the recently performed stress tests. As Europeans rebel against austerity...
UPDATE 2-Ireland extends bank guarantee; spot 'manageable'
2010-09-07 19:24:00
Source: XE Forex News Edit
Ireland on Tuesday extended its guarantee for short-term bank liabilities, including corporate and interbank deposits, as expected as the government sought to reassure investors.
UPDATE 2-PE firm to buy ResCare in sweetened $390 mln deal
2010-09-07 19:23:00
Source: XE Forex News Edit
ResCare Inc agreed to be bought by Canadian private-equity firm Onex Corp in a sweetened cash deal that values the U.S. home care provider at $390 million, adding to a growing list of mid-sized PE acquisitions in the healthcare space.
Net $720 mln U.S. securities stripped in August
2010-09-07 19:15:00
Source: XE Forex News Edit
WASHINGTON, Sept 7 (Reuters) The U.S. Treasury Department on Tuesday said a net $720 million of government securities were stripped in August.
Medco launches $1 billion two-part debt sale - IFR
2010-09-07 19:11:00
Source: XE Forex News Edit
Medco Health Solutions Inc on Tuesday launched a $1 billion debt sale in two parts, according to IFR, a Thomson Reuters service.
Lithuania issues $750 mln 7-yr bond - fin ministry
2010-09-07 19:10:00
Source: XE Forex News Edit
Lithuania sold $750 million of 7-year paper on Tuesday, the second dollar bond this year, the finance ministry said on Tuesday.
TREASURIES-Bonds up on weak stocks, strong auction
2010-09-07 19:04:00
Source: XE Forex News Edit
Treasuries rebounded on
XE Forex Rates at 2010-09-07 19:00 UTC
2010-09-07 19:00:00
Source: XE Forex News Edit
XE hourly rates at 2010-09-07 19:00 UTC
UPDATE 2-Venezuela inflation 1.6 pct in August
2010-09-07 18:56:00
Source: XE Forex News Edit
Venezuelan consumer prices rose 1.6 percent in August, a relatively slow increase for the import-dependent OPEC member country that aims to recover from a recession by the end of the year.
UPDATE 1-Swiss judge orders searches in l'Oreal saga
2010-09-07 18:56:00
Source: XE Forex News Edit
Switzerland is cooperating with a French investigation into whether financial assets of Europe's wealthiest woman, l'Oreal heiress Liliane Bettencourt, have been misused, a magistrate said on Tuesday.
UPDATE 1-Swiss judge orders searches in l'Oreal saga
2010-09-07 18:55:00
Source: XE Forex News Edit
Switzerland is cooperating with a French investigation into whether financial assets of Europe's wealthiest woman, l'Oreal heiress Liliane Bettencourt, have been misused, a magistrate said on Tuesday.
TAKE-A-LOOK-Congress Republicans wary of Obama economy plan
2010-09-07 18:54:00
Source: XE Forex News Edit
Republicans in the U.S. Congress show little willingness to help
International CCE launches $1 bln debt sale-IFR
2010-09-07 18:53:00
Source: XE Forex News Edit
International CCE Inc on Tuesday launched a $1 billion two-part debt sale, according to IFR, a Thomson Reuters service.
USD/CAD: Trading the Bank of Canada Interest Rate Decision
2010-09-07 18:50:00
Source: XE Forex News Edit
Market participants speculate the Bank of Canada to deliver another 25bp rate this month as the economic recovery gathers pace, and hawkish comments following the interest rate decision are likely to spark a...
TREASURIES-Bonds up on weak stocks, strong auction
2010-09-07 18:50:00
Source: XE Forex News Edit
Treasuries rebounded on Tuesday after three straight losing sessions, as waning confidence in the U.S. stock market lifted safe-haven bonds and helped produce a strong auction of three-year notes.
UPDATE 1-Congress Republicans wary of Obama economy plan
2010-09-07 18:47:00
Source: XE Forex News Edit
Republicans in the U.S. Congress showed little willingness to help President Barack Obama approve $350 billion worth of measures to boost the economy with midterm elections less than two months away.
BRIEF-Nasdaq CEO: market debate evolution not revolution
2010-09-07 18:45:00
Source: XE Forex News Edit
NASDAQ OMX Group Inc CEO Robert Greifeld, talking to reporters on sidelines of Economic Club of New York luncheon:
GBP/USD Continues Downtrend with Fresh 6-Week Low
FX Path 2010-09-07 15:41:39
Source: 
MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30089 GBP/USD (a 4-hour chart of which is shown) as of Tuesday (9/07/2010) has tentatively broken down below the previous major low of 1.5325 hit in late August to establish a new 6-week low just below 1.5300. This occurs within the context of a new potential downtrend extending back to mid-August. For more GBP/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Afternoon Forex Overview
dukascopy@tradersjournal.com (Dukascopy Swiss FX Group) 2010-09-07 15:30:58
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Previous session overview The euro lost ground against both the dollar and the yen Tuesday as market concerns about the financial health of European banks came back to the fore. The euro was at USD1.2807 and JPY107.67 as of 0450 GMT, from USD1.2879 and JPY108.51 in late London trading on Monday (New York was closed for a holiday). Elsewhere, the Australian dollar fell against the yen and U.S. dollar on a dovish statement from the Reserve Bank of Australia, and confirmation that Julia Gillard's Labor government will remain in power.
The Risk to Mere Consolidation: Euro
blacks@tradersjournal.com ( Black Swan Capital ) 2010-09-07 15:29:13
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Currency Currents Quotable "Even if the US savings rate stabilises at 7pc, and all of it is used to pay down debt, it will still take nine years for households to reduce debt/income ratios to the safe levels of the 1980s." Ambrose Evans-Pritchard
What will happen to Gold in a very slow Recovery?
julianp@tradersjournal.com (Julian Philips ) 2010-09-07 14:52:58
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The present situation The’ better-than-expected’ poor employment figures of last week were generally taken as a sign that the recovery is there, but L-shaped with a slightly rising bias. The new stimuli from government will be positive and hitting where they should. Tax breaks on new equipment and infrastructural development tastes the same as digging holes and filling them in did in the 1930’s. We have to wait and see if the economy will respond. We sincerely hope it will. But do investors even in the U.S. believe that a recovery will see a fall in the gold price? We think not!
Nearby Maturities Signal Liquidity Fears as Red Flags Raised Over European Stress Tests
ib@tradersjournal.com (Interactive Brokers ) 2010-09-07 14:51:16
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Risk aversion took a step forward following analysis by Wall Street Journal staffers, claiming flaws in the methodology of the July stress-testing process across 91 European banks. The contention is that banks have understated the value of government paper they are holding, which underestimates maximum potential losses in the event that a government defaults. The story unleashed yesterday also claims that certain banks failed to include paper issued by specific nations, which might help explain why so many Eurozone analysts missed the mark at the time. Yields across the globe have claimed back much of last week's losses as data ...
Bank Of Japan Ready To Act If Needed, Says Shirakawa
rtt@tradersjournal.com (RTT News) 2010-09-07 09:29:25
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(RTTNews) - Bank of Japan Governor Maasaki Shirakawa on Tuesday said the bank was assessing more policy options and assured that it was ready to act in an appropriate way if necessary. The central bank chief expressed concern over the strong yen, adding that the BOJ was keeping a close eye on exchange rates. "We are aware that Japanese exporters have been greatly affected by the yen's strength," reports quoted him as saying.
Euro Slides To Multi-day Lows Against Majors
rtt@tradersjournal.com (RTT News) 2010-09-07 09:27:08
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(RTTNews) - The euro declined against its major rivals in early trading on Tuesday as European stocks slumped on fresh worries of the health of European Banking systems on doubts over Europe's "stress tests" on major banks. In July, the results of the stress tests showed all but seven European lenders out of 91 banks were strong enough to withstand future financial crises. But a report in the Wall Street Journal on Tuesday showed the "stress tests" of the strength of major banks understated some lenders' holdings of potentially risky government debt.
GBP/JPY Classical
joelk@tradersjournal.com (Joel Kruger ) 2010-09-07 09:24:11
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GBP/JPY: The market remains locked in a choppy multi-day consolidation with the latest moves resulting in a test and break of the multi-day range lows. Nevertheless, we are not quite ready to adopt a bearish outlook and instead favor taking to the sidelines until a clearer opportunity presents. Key levels to watch above and below come in by 133.65 and 128.65 respectively. A close back below 128.65 directly exposes a retest of the yearly low by 126.80 further down.
EUR/JPY Classical
joelk@tradersjournal.com (Joel Kruger ) 2010-09-07 09:23:03
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EUR/JPY: The market is in the process of consolidating following the break to fresh multi-year lows by 105.40 in the previous week. However, while the price holds below the 20-Day SMA on a close basis, the overriding trend is still intensely bearish and rallies should be used as an opportunity to sell back into the trend. Only a close back above the 20-Day would negate and give reason for concern. At this point, we can not rule out the possibility for a test of 100.00 should the 105 handle be taken out.
NZD/USD Classical
joelk@tradersjournal.com (Joel Kruger ) 2010-09-07 09:22:05
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NZD/USD: The latest rally above 0.7200 is classed as corrective, and although overall price action remains quite choppy, we retain a bearish bias and recommend looking for opportunities to sell into rallies. The market has been very well capped ahead of 0.7400 over the past several weeks, and as such, any additional rallies beyond 0.7300 are not seen as sustainable with the greater risk for a bearish reversal. In the interim, key levels to watch above and below come in by 0.7300 and 0.7175 respectively.
USD/CAD Classical
joelk@tradersjournal.com (Joel Kruger ) 2010-09-07 09:20:57
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USD/CAD: Price action remains quite choppy, although our overall outlook is highly constructive and favors additional upside towards 1.1000 over the coming weeks. For now, the latest rallies have stalled out in familiar territory by recent range highs in the 1.0600’s and we would look to take advantage of the current dip back into the 1.0300-1.0400 area to build on long positions. Back below 1.0245 would delay outlook, while a close above 1.0700 should accelerate gains.
UPDATE 1-Connaught suspends shares as funding dries up
2010-09-07 07:44:00
Source: XE Forex News Edit
British social housing maintenance firm Connaught suspended trading in its shares on Tuesday as it said it was unlikely to secure the funding it needs to rescue it from its financial problems.
Barroso says EU economic recovery gathering pace
2010-09-07 07:44:00
Source: XE Forex News Edit
Economic recovery is gathering pace in the European Union and growth this year will be higher than initially forecast, European Commission President Jose Manuel Barroso said on Tuesday.
RBA & BoJ Keep Rates On Hold
acm@tradersjournal.com (AC-Markets) 2010-09-07 07:41:28
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Market Brief The Reserve Bank of Australia (RBA) kept their benchmark interest rate unchanged at 4.50% this morning. Amidst the rather healthy data releasing from Australia (the recent Q2 GDP), the fourth straight pause was largely expected. Growth down under has been close to trend, the inflation level is close to target and with the global growth recovery still shaky, policymakers from down under don't want to be too aggressive in tightening monetary policy. The Aussie has been weaker across the board this morning, with the AUDUSD shedding 50 pips since market opening to hit an intraday low of 0.9124. ...
HIGHLIGHTS-Barroso's policy speech to the European Parliament
2010-09-07 07:41:00
Source: XE Forex News Edit
Following are highlights of European Commission President Jose Manuel Barroso's policy speech to the European Parliament on Tuesday.
HIGHLIGHTS-Comments by European Union finance ministers
2010-09-07 07:40:00
Source: XE Forex News Edit
Following are comments by European Union finance ministers and other officials who met on Tuesday for a second day of talks on EU budget reforms.
GLOBAL MARKETS-Stocks off 1-month high; euro dips on bank report
2010-09-07 07:39:00
Source: XE Forex News Edit
Asian and European stocks eased on Tuesday as caution over the global economy persuaded investors took profits on recent gains, while the euro fell after a newspaper report rekindled fears about the vulnerability of European banks.
BOJ Shirakawa: always mull options, to act as need
2010-09-07 07:39:00
Source: XE Forex News Edit
Bank of Japan Governor Masaaki Shirakawa said on Tuesday the central bank is always considering various policy options and will act in a timely and appropriate way when necessary.
Czech Republic - Factors To Watch on Sept 7
2010-09-07 07:38:00
Source: XE Forex News Edit
Here are news stories, press
Dutch provinces plan new nuclear plant - paper
2010-09-07 07:36:00
Source: XE Forex News Edit
Dutch provinces will lodge a plan with the Dutch government for the construction of a new nuclear power plant, sparking a head-to-head battle with utility Delta which has similar plans, a Dutch daily reported.
PREVIEW-Malaysia July factory output seen up 5.7 pct on yr
2010-09-07 07:31:00
Source: XE Forex News Edit
* WHAT: Malaysia July industrial production index
Seoul shares slip 0.3 pct; POSCO rallies
2010-09-07 07:30:00
Source: XE Forex News Edit
Seoul shares slipped on Tuesday
UPDATE 1-S.Africa's reserves point to muted cbank intervention
2010-09-07 07:28:00
Source: XE Forex News Edit
South Africa's international reserves edged higher in August, mainly driven by a rise in the forward position and suggesting the central bank had not sold currencies aggressively to ease the rand's gains.
JGBs take respite from slide, volume stays high
2010-09-07 07:25:00
Source: XE Forex News Edit
Lead 10-year Japanese government
JGBs take respite from slide, volume stays high
2010-09-07 07:25:00
Source: XE Forex News Edit
Lead 10-year Japanese government bond futures rose on Tuesday, drawing support from a dip in Tokyo share prices and regaining some ground after sliding to a two-month low the previous day.
Australia dlr stoic as RBA on hold, Labor govt wins
2010-09-07 07:21:00
Source: XE Forex News Edit
The Australian dollar
BRIEF-Yingli Green Energy signs PV sales deal with Cegelec
2010-09-07 07:18:00
Source: XE Forex News Edit
Yingli Green Energy:
UPDATE 2-More China steelmakers told to cut or shut output
2010-09-07 07:12:00
Source: XE Forex News Edit
Orders by Beijing to Chinese steel mills to trim output, which analysts say could remove as much as 25 million tonnes annually, will do little to address the nation's massive steel glut even if fully enforced.
S.Africa's rand weaker vs dollar, stock futures lower
2010-09-07 07:11:00
Source: XE Forex News Edit
South Africa's rand weakened against the dollar in early trade on Tuesday as investors priced in a rate cut later in the week, and risk aversion weighed, while stock futures pointed to a lower open.
Philippine July bank lending growth at 7-mth high
2010-09-07 07:09:00
Source: XE Forex News Edit
The Philippine central bank