Boston eFX 19:25 GMT March 1, 2012
Subject: Has Greece Defaulted or Not? (video)
Officials from the International Swaps and Derivatives Association have stated that Greece has not had a "credit event" and credit default swap payments will not be triggered, at least not yet. Dow Jones's Jenny Paris and Katie Martin explain why this decision is not clear cut.
Has Greece Defaulted or Not? (video)
Boston eFX 04:07 GMT March 1, 2012
Subject: EUR/USD Daily Asia Outlook 03/01
(Dow Jones via eFXnews)EUR/USD - to trade in lower range. Undermined by positive USD sentiment and narrowing EUR/USD interest rate differential after Fed chief Bernanke yesterday quashed expectations of a third round of U.S. quantitative easing and ECB offered cheap three-year lending facility to 800 banks which took out loans of EUR529.5 billion; jump in Portuguese government bond yields yesterday despite ECB's second LTRO as investors worry that Lisbon is likely to need a second bailout and is heading toward possible default on its debt; caution ahead of confirmation of agreement from private bondholders on Greece's EUR100 billion debt write-down restructuring plan as ISDA committee will hold meeting at 1100 GMT today to decide on whether a Greek CDS payout should be triggered. But EUR/USD losses tempered by sovereign demand for euro.
Data focus: 0855 GMT Germany February manufacturing PMI, 0900 GMT euro-zone February manufacturing PMI, 1000 GMT February flash estimate euro area inflation, 1000 GMT euro-zone January unemployment.
EUR/USD daily chart....
EUR/USD Daily Asia Outlook 03/01 (full story)
Boston eFX 04:05 GMT March 1, 2012
Subject: GBP/USD Daily Asia Outlook 03/01
(Dow Jones via eFXnews)GBP/USD - to trade in lower range after hitting three-month high of 1.5990 yesterday. Undermined by waning investor risk appetite; positive USD sentiment. But GBP sentiment soothed after BOE data showed UK money supply grew GBP29.0 billion in January, its fastest rate in at least 2.5 years, while lending to individuals and companies also rose sharply. GBP/USD losses also tempered by GBP demand on soft EUR/GBP cross.
Data focus: 0700 GMT UK February Nationwide house price index, 0930 GMT February CIPS manufacturing PMI.
GBP/USD Daily Asia Outlook 03/01 (full story)
Boston eFX 04:01 GMT March 1, 2012
Subject: USD/CAD Daily Asia Outlook 03/01
(Dow Jones via eFXnews) USD/CAD - to consolidate after hitting five-month low of 0.9842 yesterday. Buoyed by diminished investor risk appetite; positive USD sentiment. But USD/CAD topside limited by firmer oil prices (Nymex crude settled up 52 cents yesterday at $107.07/bbl).
Data focus: 1330 GMT Canada January industrial product & raw materials price indexes, 4Q balance of payments.
USD/CAD daily chart ....
USD/CAD Daily Asia Outlook 03/01 (full story)
Boston eFX 04:00 GMT March 1, 2012
Subject: USD/CHF Daily Asia Outlook 03/01
(Dow Jones via eFXnews)USD/CHF - to trade with risks skewed higher. Underpinned by positive USD sentiment, widening USD-CHF rate differential; broadly stronger demand for safe-haven USD amid increased investor risk aversion; expectations of Swiss National Bank's CHF-selling intervention.
Data focus: 0645 GMT Swiss 4Q GDP, 0830 GMT Swiss February PMI.
USD/CHF Daily Asia Outlook 03/01 (full story)