AceTrader Market Moving News

22 Oct 2009   07:44 GMT

Gbp/usd - 1.6543 ... Bank of England Deputy Governor Pail Tucker said it may be difficult to gauge the strength of Britain's economy recovery for some time to come. The British pound weakened on active profit-taking together with renewed cross selling in sterling (eur/gbp rebounded fm y'day's low of 0.8998 to 0.9050). Offers are now tipped at 1.6600/10 n 1.6630/35 with stops seen abv 1.6650. On the downside, bids are located at 1.6535 n 1.6500 with stops seen below 1.6490.

22 Oct 2009   06:45 GMT

Eur/usd - 1.4983 ... Although the single currency has edged lower fm y'day's fresh 14-month high of 1.5047 on active profit-taking, renewed buying interest by Asian names is located at 1.4970 n further out at 1.4950 with stops only seen below 1.4900 n 1.4880. On the upside, offers are tipped at 1.5010/20, 1.5040/45 with option-related stops located abv 1.5050 barrier.

22 Oct 2009   05:41 GMT

Gbp/usd - 1.6608 ... Cable was unable to penetrate y'day's high at 1.6638 in Asia n retreated with some traders seen on the sidelines ahead of the release of U.K. September retail sales data at 08:30GMT (forecast to increase by 0.5% m/m). Offers remain at 1.6660 n 1.6690/00 (for profit taking purposes) while on the downside, bids are located fm 1.6580 down to 1.6550. European equity markets are likely to open slightly lower following y'day's 92-point delcine in the Dow...

22 Oct 2009   05:36 GMT

Eur/usd - 1.5000 ... Despite y'day's rally to a fresh 14-month high at 1.5047, euro has retreated fm there to 1.4978 on profit taking after this morning's China GDP data did provide any surprises (the 8.9% figure matched economists' expectations but there were rumours of a reading of 9.0% or higher). Stops at 1.4980 have been hit n buying interest is tipped at 1.4940/50 n also 1.4900/10. On the upside, offers are noted at 1.5050 with stops abv there. Option-related offers are found further out at 1.5090/00...

22 Oct 2009   05:30 GMT

Usd/jpy - 91.15 ... Active cross selling in yen has given support to the dlr in Asia n offers at 91.30/40 are in focus with stops placed abv there. More selling interest (orders are likely to be for profit taking orders) is noted further out around the 92.00 lvl. On the downside, bids are located at 90.50/60 n also at 90.20/30 (incl. Asian n European names). There was little reaction to the release of Japan all industry index, which rose 0.9% compared to the consensus forecast of 0.4%

22 Oct 2009   02:11 GMT

Gbp/usd - 1.6625 ... BOE Governor Mervyn King's comments on interest rates (he said that rates 'at some point will return to normal levels') n the unanimous vote to keep the size of the quantitative easing program unchanged were the reasons behind y'day's cross-inspired rally to 1.6638 n cable has traded with a firm undertone in Asia this morning on renewed buying fm st specs. Bids are reported in the region of 1.6580-1.6600 while offers are tipped at 1.6660 (for profit taking purposes) n also 1.6690/00 with stops likely to emerge abv there...

22 Oct 2009   02:04 GMT

Eur/usd - 1.5026 ... Euro breached the 1.5000 lvl at NY opening (the option barrier placed there was taken out) n hit a fresh 14-month high at 1.5047 b4 easing to around 1.4992, however, Asian traders have come in n bought the single currency this morning, with some players encouraged by the robust China GDP n retail sales data. Fresh buying interest is tipped at 1.5000 with bids also located at 1.4960/70. A mixture of bids n stops is tipped at 1.5050 n offers are also found at 1.5090/00...

22 Oct 2009   02:01 GMT

Usd/jpy - 91.00 ... Although dlr dipped briefly to 90.77 following the release of Japan trade data, price has rebounded on cross selling in yen with st specs seen selling yen esp vs euro. Offers are noted in batches fm 91.10 up to 91.40 with stops placed below latter lvl. More offers are tipped further out around 92.00 (some orders are for profit taking purposes). On the downside, bids fm various accounts (includ. model funds) are lined up at 90.20/30. Nikkei-225 has ended the morning session down around 122 points...

21 Oct 2009   15:49 GMT

Gbp/usd - 1.6605 ... The British pound extended intra-day rally to 1.6636 on renewed dollar's weakness across the board (euro rallied to fresh 14-month high of 1.5020) due to the firmness in global stock markets (Dow Jones index rose by 24 points to 10065). Bids are located at 1.6560, 1.6540 n further out at 1.6510/20 with some stops seen below 1.6500. On the upside, profit-taking offers are tipped at 1.6630/40 with stops seen abv 1.6650.

21 Oct 2009   14:16 GMT

Eur/usd - 1.4997 ... The single currency rallied to a fresh 14-month high of 1.5005 (triggered the mentioned 1.5000 one-touch option) due to renewed risk appetites on expectations that the Federal Reserve would hold U.S. interest rates very low for some time. Bids are located at 1.4965/70, 1.4940 n further out at 1.4910/20 with stops seen below 1.4900. On the upside, offers are tipped at 1.5020/30 with stops are located abv 1.5050.

21 Oct 2009   13:24 GMT

Usd/jpy - 91.15 ... The greenback maintained a firm undertone ahead of U.S. opening although Dow Jones index is expected to open lower. Bids are located at 90.80/85 with stop seen below 90.70 n 90.50. On the upside, offers are tipped at 91.25/30 with stops are located abv 91.50. Investors are focusing on the release of Fed's Beige book at 18:00GMT.

21 Oct 2009   12:15 GMT

Gbp/usd - 1.6578 ... UK's Darling said it is better to take fiscal support off too late than too soon but indicated that UK should only remove the support when it is clear recovery has established. The British pound maintained a firm undertone after rising to 1.6592. Bids are reported at 1.6535/40 n 1.6500/10 with stops seen below 1.6490. On the upside, offers are tipped at 1.6590/95 with stops are located at 1.6600.

21 Oct 2009   10:06 GMT

Gbp/usd - 1.6543 ... Despite early cross-inspired rally to a high of 1.6592 after the release of BOE minutes, cable has retreated fm there on profit-taking on the weaker-than-expected CBI manufacturing data (-51 versus the expectation of -45 n previous month's reading of -48.0). Offers are located at 1.6570 n 1.6590 with some stops seen abv 1.6600. On the downside bids are reported at 1.6500/10 n 1.6460/70.

21 Oct 2009   09:29 GMT

Usd/jpy - 90.90 ... The greenback rebounded on active cross selling in jpy especially versus euro n sterling (eur/jpy n gbp/jpy rose fm 135.19 to 135.93 n fm 148.48 to 150.81 respectively). Bids are reported at 90.65/70 n 90.50 with stops only seen below 90.00. On the upside, offers are tipped at 91.05/10 n 91.25/30 with stops are located abv 91.50.

21 Oct 2009   08:33 GMT

Gbp/usd - 1.6525 ... The Bank of England October policy meeting minutes showed that policymakers voted unanimously this month to leave the size of its asset purchase programme unchanged at 175 billion pounds. The MPC also said recent economic developments had generally been positive n inflation is likely to rise in short-term. The British pound jumped to 1.6544 n bids are located at 1.6465/70 n further out at 1.6440 with stops seen below 1.6400. On the upside, profit-taking offers are tipped at 1.6545/50 n 1.6575/80 with stops building up abv 1.6600.

21 Oct 2009   07:29 GMT

Eur/usd - 1.4955 ... The single currency rebounded strongly in European morning due to active buying fm various accounts. Traders are watching the 1.5000 option barrier with talks of a one-touch barrier n a digital option expiry with an 8 million euro payout. Bids are located at 1.4940, 1.4920/25 n further out at 1.4900. On the upside, offers are tipped at 1.4990/95 with stops seen abv 1.5000 but more selling interest (profit-taking) is located at 1.5020/30 n 1.5050.

21 Oct 2009   05:41 GMT

Eur/usd - 1.4926 ... Euro was unable to penetrate sup at 1.4883 (y'day's NY low) in Asia this morning n rebounded fm there in line with the dlr's fall across the board. Offers are reported at 1.4950/60 with option-defensive offers noted abv y'day's fresh 14-month high at 1.4994. On the downside, bids have now been moved up to 1.4880 with buying interest also tipped at 1.4850/60. Data to be released in European morning include BOE meeting minutes n CBI industrial trends survey...

21 Oct 2009   05:37 GMT

Usd/jpy - 90.69 ... Despite y'day's rebound fm 90.07 to 91.08, dlr has retreated in Asian morning in line with the greenback's broad-based weakness. Bids at 90.40/50 are in focus with more buying interest reported at 90.00/10 while on the upside, offers remain at 91.00/10 with stops placed abv there. More offers fm various accounts (incl. exporters) are tipped fm 91.50 up to 91.70 n also further out at 92.00...

21 Oct 2009   05:24 GMT

Gbp/usd - 1.6426 ... Cable has risen in part due to comments fm BOE Governor Mervyn King, who was quoted as saying that U.K. interest rates 'at some point will return to normal lvls'. Offers have been placed abv y'day's high at 1.6490 to protect an option barrier at 1.6500 (stops are building up abv this lvl) while on the downside, bids are likely to emerge at 1.6350/60 n further out fm 1.6320 down to 1.6300. Dow futures are currently down around 10 points...

21 Oct 2009   02:17 GMT

Eur/usd - 1.4897 ... Option-defensive sellers were able to cap euro at 1.4994 y'day n the single currency fell sharply fm there as traders liquidated some of their early long positions. Despite the o/n recovery to around 1.4952, euro has fallen again in Asia this morning in line with the dlr's broad-based firmness. Fresh offers are tipped at 1.4950/60 n selling interest still remains at 1.5000. On the downside, bids are likely to emerge at 1.4810/20