Boston eFX 23:49 GMT September 1, 2011
Subject: UBS: Watch Hours Worked Data In US Jobs Report
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(Dow Jones via eFXnews) There's more info about how workers are faring in Friday's report than just the headline nonfarm payrolls.
Economists at UBS, who expect an August gain of....
UBS: Watch Hours Worked Data In US Jobs Report (Full Story)
Boston eFX 22:19 GMT September 1, 2011
Subject: 2011 Could Be Deja Vu For ECB, Euro -Citi
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(Dow Jones via eFXnews) The euro could be in for the great unwind if the global economy continues to weaken and the ECB is forced to take back a rate hike from earlier this year (mirroring the scenario that took place on the European continent during the massive financial crisis of 2008), say Citi FX analysts.
In a bit of irony, if the ......
Inside Goldman's Secretive Trading World (Full Story)
Boston eFX 20:28 GMT September 1, 2011
Subject: Goldman Cuts Aug Payroll View
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(Dow Jones via eFXnews) Citing signs of weak hiring in late July and early August, economists at Goldman Sachs cut their forecast for tomorrow's nonfarm payroll number to a gain of just......
Goldman Cuts Aug Payroll View (Full Story)
Boston eFX 19:37 GMT September 1, 2011
Subject: QE3 Good for Gold? (Video)
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Tom Price, Commodity Analyst at UBS says looks into how far QE3 could push gold price
Watch: QE3 Good for Gold?
BostCurrency Traders Paring 'Stale' Long-Euro Posion eFX 17:55 GMT September 1, 2011
Subject: Currency Traders Paring 'Stale' Long-Euro Positions
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(Dow Jones via eFXnews) August was about paring positions, and that's what the first day of September is about, also, said Robert Sinche of RBS. "There are a lot of stale positions that are still long the euro," and a...
Currency Traders Paring 'Stale' Long-Euro Positions (Full Story)
Boston eFX 17:12 GMT September 1, 2011
Subject: Euroview: Non-Stick Euro May Be No More (Vid)
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After months of resilience, the euro is looking more vulnerable as key support from Germany is put in doubt, Greece's deficit still rises and bank contagion remains a risk.
Watch: Euroview: Non-Stick Euro May Be No More
Boston eFX 16:20 GMT September 1, 2011
Subject: BOJ WATCH: Policy Board To Discuss Steps Vs Strong Yen
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(Dow Jones via eFXnews) The Bank of Japan will likely discuss the need for additional steps to mitigate the negative impact of the high yen when its policy board meets next week, as it sees a rise in overseas risks to the nation's economy.
Concerns over the global economy have pushed the yen--regarded as a safe-haven currency--to record highs, and the central bank believes that worries such as Europe's sovereign debt problem and signs of a slowdown in the U.S. economy are increasing, people familiar with the central bank's thinking said.
In a sign of increasing alarm, BOJ.....
BOJ WATCH: Policy Board To Discuss Steps Vs Strong Yen (Full Story)
Boston eFX 13:37 GMT September 1, 2011
Subject: FOREX FOCUS: Euro Loses Position On Privileged Perch
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(Dow Jones via eFXnews) This is the point at which the euro should lose its bounce.
After spending much of this summer deflecting the barrage of bad news about the euro-zone debt crisis, the single currency is starting to look more vulnerable.
And there are three good reasons for this.........
FOREX FOCUS: Euro Loses Position On Privileged Perch (Full Story)
Boston eFX 10:38 GMT September 1, 2011
Subject: Investors May Test SNB's Resolve - UBS
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(Dow Jones via eFXnews) Investors may test SNB's resolve, says UBS, noting the Swiss central bank's silence.
Says it is likely that the SNB......
Investors May Test SNB's Resolve - UBS (Full tory)
Boston eFX 09:46 GMT September 1, 2011
Subject: Sustained Japan FX Intervention Difficult -Daiwa
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(Dow Jones via eFXnews) Despite Japanese manufacturers' calls for sustained intervention to weaken the JPY, it remains difficult for Japanese authorities to frequently conduct FX interventions, says Yuji Kameoka, managing director of foreign exchange at Daiwa Securities.
A Japanese government.....
Sustained Japan FX Intervention Difficult -Daiwa (Full Story)
Boston eFX 03:00 GMT September 1, 2011
Subject: Nymex Crude Biased Up N/T If $87.67 Support Holds
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(Dow Jones via eFXnews) Nymex crude is likely to trade with risks skewed to the upside after hitting a four-week high of $89.54/bbl Wednesday, as long as the price can hold above Wednesday's low of $87.67, Dow Jones technical analysis shows.
The daily continuation chart is.....
Nymex Crude Biased Up N/T If $87.67 Support Holds (Full Story)
Boston eFX 01:35 GMT September 1, 2011
Subject: EUR/USD Daily Asia Outlook 09/01
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(Dow Jones via eFXnews) EUR/USD - to trade with risks skewed lower. Undermined by improved USD sentiment, Financial Times report IMF said that European banks' balance sheets suffered serious damage from their holdings of troubled euro zone sovereign debt and impact could be increased substantially, perhaps doubled, by knock-on effects of European banks holding assets in other banks. EUR/USD also weighed by increased expectations ECB may keep rates unchanged at its meeting next week after euro-zone inflation held steady at 2.5% in August and unemployed people in euro-zone increased by 61,000 in July to 15.8 million; Italy yesterday backtracking on some of its austerity measures, scrapping its plan to delay the pension retirement age. But EUR/USD losses tempered by positive risk sentiment, sovereign demand for euro, expectations of ECB's bond-buying intervention.
Data focus: 0600 GMT German 2Q revised GDP, 0755 GMT German August manufacturing PMI, 0800 GMT euro-zone August manufacturing PMI.
EUR/USD daily chart ......
EUR/USD Daily Asia Outlook 09/01 (Full Story)
Boston eFX 01:33 GMT September 1, 2011
Subject: USD/CHF Daily Asia Outlook 09/01
Reply
(Dow Jones via eFXnews) USD/CHF - to trade with risks skewed lower. Undermined by reduced expectations that Swiss National Bank will intervene to cap CHF strength; worries over euro-zone sovereign debt crisis. But USD/CHF losses tempered by improved USD sentiment.
Data focus: 0545 GMT Swiss 2Q GDP, 0715 GMT July retail sales, 0730 GMT August PMI.
Daily chart.....
USD/CHF Daily Asia Outlook 09/01 (Full Story)
Boston eFX 01:31 GMT September 1, 2011
Subject: USD/CAD Daily Asia Outlook 09/01
Reply
(Dow Jones via eFXnews) USD/CAD - to consolidate with risks skewed higher. Underpinned by improved USD sentiment, surprise 0.4% annual contraction in Canada 2Q GDP (vs flat forecast); worries over euro-zone economic growth and sovereign debt crisis. But USD/CAD gains tempered by positive risk sentiment, buoyant commodity & oil prices (Nymex crude hit 4-week high of $89.54/bbl yesterday); USD-CAD interest rate differential.
Data focus: 1330 GMT Canada August manufacturing PMI.
USD/CAD daily chart....
USD/CAD Daily Asia Outlook 09/01 (Full Story)
Boston eFX 01:30 GMT September 1, 2011
Subject: GBP/USD Daily Asia Outlook 09/01
Reply
(Dow Jones via eFXnews) GBP/USD - to trade with bearish bias. Undermined by improved USD sentiment, worries over euro-zone economic growth and sovereign debt crisis. But GBP/USD losses tempered by positive investor risk sentiment.
Data focus: 0600 GMT UK August Nationwide house price index, 0830 GMT UK August CIPS manufacturing PMI.
Daily chart....
GBP/USD Daily Asia Outlook 09/01 (Full Story)
Boston eFX 00:24 GMT September 1, 2011
Subject: AUD/USD Won't Push Much Beyond 1.1000 - NAB
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(Dow Jones via eFXnews) If Australian retail sales or capex due at 0130 GMT are better than expected, this could prompt an easing in RBA rate cut bets, which would help the AUD/USD, but the pair will run.....
AUD/USD Won't Push Much Beyond 1.1000 - NAB (Full Story)
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