GVI Forex Inner Circle 08:08 GMT May 23, 2013
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Eurozone:
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EZ Services PMI better expected, Still sub-50.
GVI Forex Inner Circle 08:07 GMT May 23, 2013
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Eurozone:
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EZ Mfg PMI better than expected. Still sub-50.
GVI Forex Inner Circle 07:33 GMT May 23, 2013
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Germany:
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Mixed German PMI data as well but on balance a touch better as in the case of France. EURUSD is higher.
Amman wfakhoury 07:30 GMT May 23, 2013
AUD:
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Syd 07:23 GMT May 23, 2013
Aud: Reply
About 2,500 jobs are under threat
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Do you have their names ?
GVI Forex Inner Circle 07:04 GMT May 23, 2013
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Fixed Income:
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Prices in prime fixed income market mixed. Some catch -up from Wednesday Peripherals weaker.
Syd 06:58 GMT May 23, 2013
Source TradeTheNews.com:
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(JP) Japan Econ Min Amari to hold press conference at 04:00 ET (08:00 GMT) - Source TradeTheNews.com
Cambridge Joe 06:44 GMT May 23, 2013
USDCAD:
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USDCAD softer here IMO. GL
Syd 06:36 GMT May 23, 2013
Aud Source TradeTheNews.com:
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AU) Foreign investors may start to pull out of Australian real estate assets if AUD continues to fall - AFR - Source TradeTheNews.com
dc CB 06:36 GMT May 23, 2013
United States:
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THE NAME OF THE GAME...tis Joined...and it's not personal...it's just the current game
+++++++++++++++++++++++++
Israel Dil 18:28 GMT May 22, 2013
SELL EVERYTHING
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11111
dc CB 01:22 GMT May 23, 2013
United States: Reply
continuing with POMO After the 3 day Weekend
Tues $1.25 - $1.75 billion
Wed $2.75 - $3.50 billion
Thurs $1.25 - $1.75 billion
Fri to End the New Highs Month $4.25 - $5.25 billion
If Stox sell off in the face of this? Which would include the 20th in a Row Up Tuesday(if it does occur...it will)
Cambridge Joe 06:33 GMT May 23, 2013
Cable:
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Buying Cable abt half an hour from here
Singapore SGFXTrader 06:29 GMT May 23, 2013
Massive selloffs in AUDJPY:
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Yeah, AUDUSD touch 0.9607 just now. Every market is doing a mad sell into AUD. I reckon that there might have a mini-AUD ejaculation soon.
Haifa ac 06:22 GMT May 23, 2013 - My Profile
Massive selloffs in AUDJPY: Reply
Sorry. THat was reference to AUD/USD, not the yen spread.
london red 06:21 GMT May 23, 2013
JPY
:
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Jpy safe haven effect during risk off. Also its a smaller point but during last week of available data japanese investors completely reversed 3 weeks of foreign bond buying and became net sellers.
dc CB 06:18 GMT May 23, 2013
United States:
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one way to get the 10Y yield back down below 2%
Cut their f*&king throats
Oh excuse me it's just Justice where Pirates(Terrorists) are concerned. Specutlator HedgeFunds Shites.
Haifa ac 06:08 GMT May 23, 2013
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JPY
:
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"any news for JPY rise? nikki is dropping 5%"
yes
They discovered Gravity.
Central Kwun 05:42 GMT May 23, 2013
JPY
:
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USDJPY
Entry: Target: Stop:
any news for JPY rise? nikki is dropping 5%
SaR KaL 05:00 GMT May 23, 2013
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KaL's Trend and Level:
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Kw/
AUDJPY now bullish for next week
from 97 and lower seems ok for 101 area
nzdjpy will still short above 83 this week
for tgt 81
bullish from 81 into next week to possible 84
reall bullish is gbpjpy (Here) and eurjpy (<131)
USDJPY will buy 102.2 to 102 for 108 tgt
Blore RKG 04:42 GMT May 23, 2013
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Japan:
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For all Abenomics fans, this would serve as a caution.. a very nice presentation in terms of content and logic
http://www.planbeconomics.com/2013/05/must-watch-christine-hughes-of.html
ed kw 04:29 GMT May 23, 2013
KaL's Trend and Level:
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nikkei is still looking for support its following the s/p pos see where support is get a good entory
Sydney ACC 04:06 GMT May 23, 2013
Aud:
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Just like old times.
Central banks great investors diversifying out of USD into and at:
Gold - USD 1,600
AUD - USD 1.05
EUR - USD 1.45
ed kw 04:01 GMT May 23, 2013
Aud:
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aud/usd monthly chart indicates a lot of stops under .9500 can send aud to a herded rush for the small door
Syd 03:11 GMT May 23, 2013
Aud:
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AMP Capital Revises End-2013 Australian Dollar Forecast to US$0.95 from US$1.00
Westpac sees further declines in NZD/USD, AUD/USD
NZD/USD, AUD/USD are likely to see further fallout during the session from Bernanke's remarks about potentially tapering QE, says Westpac currency strategist Imre Speizer. And with Fed policy being data-dependent, there's extra onus on incoming US data, which includes jobless claims and manufacturing gauges on deck. NZD/USD last at 0.8077 vs. 0.8155 late Wednesday. Speizer says fallout from Bernanke could take the pair below 0.8060. AUD/USD last at 0.9701 vs. 0.9780 late Wednesday in Sydney. Speizer sees pair to break below 0.9660.
Syd 03:05 GMT May 23, 2013
HEARD ON THE STREET: China's Not Hiring:
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China's labor market has been a bright spot amid economic gloom. Strong jobs data over the past year has helped offset concerns about slowing growth. But there are signs employment is beginning to weaken too.
The official job numbers in China are irregular and, in some cases, inaccurate. But other sources of data fill in the blanks. For instance, the number of new jobs advertised on leading recruitment website Zhaopin.com fell sharply in April. With the first-quarter peak hiring season, some falling off in April is expected. But a 22% drop in new job postings from the previous month was the steepest decline since Zhaopin started collecting data in 2010.
Business surveys suggest the downturn is broad-based across manufacturing and services too. The preliminary reading for the HSBC China Manufacturing Purchasing Managers' Index in May showed factories trimming their workforce for a second month. Worryingly, the HSBC Markit services PMI also points to job losses.
If labor markets are turning down, they are at least doing so from a position of strength. China's private sector wages rose 14% in real terms in 2012, according the National Bureau of Statistics. Demand for workers outstripped supply by a record amount in the first quarter. The drop in new job adverts on Zhaopin came after a record high in March.
Demographic shifts means there is less need to create jobs. China's workforce is ageing and shrinking. But strong labor markets are still critically important for Beijing. Low unemployment and rising wages are the basis of social stability. Strong employment is also a crucial precondition for rebalancing the economy so that households are a bigger driver of growth. Data released by the National Bureau of Statistics this week showed that process has stalled, with the private consumption share of gross domestic product flat at 35.7% in 2012.
For now, the job indicators are flashing amber rather than red. Premier Li Keqiang has signaled that there is little scope for a stimulus. But if hiring continues to deteriorate, leaders will find it difficult to turn off the lending taps.
Syd 02:50 GMT May 23, 2013
Aud:
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AMP Capital Says Australian Dollar Likely at US$0.90 by End-2014
Hong Kong AceTrader 02:08 GMT May 23, 2013
Dollar rallies broadly on Bernanke's hawkish comments : May 23, 2013:
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Market Review - 22/05/2013 23:02GMT
Dollar rallies broadly on Bernanke's hawkish comments
The greenback surged against majority of its peers on Wednesday after Fed Chairman Ben Bernanke hinted at possibilities of the central bank slowing its bond purchases. Initially, dollar briefly dropped across the board after Bernanke said monetary stimulus is helping the U.S. economy recovery.
Fed's Bernanke testified on Capitol Hill and said 'U.S. monetary policy providing significant benefits, premature tightening would carry substantial risk; Fed will gradually reduce the flow of asset purchases if labor market improves in a real and sustainable way; Fed paying close attention to risk of financial instability; risks of financial instability does factor in to Fed thinking on the appropriate amount of monetary stimulus and exit strategy.'
Versus the Japanese yen, although the greenback rebounded to 102.65 at Asian open, price retreated to 102.35. However, dollar found renewed buying there and strengthened throughout European session after BoJ Governor Kuroda said he will maintain his loose monetary policy and rose to 103.18 at New York open. Despite brief pullback to 102.68 after Bernanke's initial comments, dollar rallied above last Friday's 103.32 high to a fresh 4-1/2 year high at 103.74 on dollar's broad-based strength.
Later, price pared intra-day gains and fell sharply to 102.73 in New York afternoon as minutes from the Fed's latest FOMC meeting showed policymakers were waiting for progress in labor market before altering the pace of their bond buying.
Although the single currency remained under pressure in Asia and retreated to 1.2904 at European open, price rose again in European morning and gained to 1.2959 in New York morning ahead of Bernanke's testimony in Congress. Despite a brief but sharp rise to an intra-day high at 1.2998 immediately after Bernanke's initial comments, euro swiftly pared intra-day gains and tanked after the chairman hinted at possibilities of the Fed slowing the pace of its bond purchases. Price eventually slumped to an session low of 1.2834 in New York afternoon.
The British pound remained under pressure in Asia and resumed recent decline to 1.5075 in European morning after a government report showed U.K. retail sales unexpectedly declined and as minutes of the Bank of England showed Governor Mervyn King was defeated for a fourth month in his bid to expand bond buying. Cable also rebounded swiftly to 1.5157 in New York morning before tumbling to a 7-week low at 1.5020 at New York midday before stabilising.
BoE minutes stated 'QE in May would have surprised markets, some members feared it could have created doubts about commitment to price stability; for others, case for more QE based on labour market slack, risk that euro zone weakness could push up sterling.'
U.K. April retail sales came in at -1.3% m/m 0.5% y/y versus forecasts of 0.0% n 2.0% respectively.
In other news, Fed's FOMC minutes stated ''many Fed participants felt continued labor market gains, more confidence in outlook, diminished risks needed b4 slowing bond buying; a number of participants expressed willingness to reduce pace of bond buying as early as June if economic growth strong, sustained; most participants emphasized importance of being prepared to adjust bond purchases up or down depending on incoming data.'
Data to be released on Thursday :
China HSCB flash manufacturing PMI, France manufacturing PMI, Germany manufacturing PMI, services PMI, EU manufacturing PMI, services PMI, UK retail sales, GDP, U.S. jobless claims, manufacturing PMI, house price index and new home sales.
GVI Forex 01:48 GMT May 23, 2013
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China:
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HSBC CHINA MAY FLASH PMI 49.6 VS APR FINAL 50.4
dc CB 01:22 GMT May 23, 2013
United States:
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continuing with POMO After the 3 day Weekend
Tues $1.25 - $1.75 billion
Wed $2.75 - $3.50 billion
Thurs $1.25 - $1.75 billion
Fri to End the New Highs Month $4.25 - $5.25 billion
If Stox sell off in the face of this? Which would include the 20th in a Row Up Tuesday(if it does occur...it will)
dc CB 01:15 GMT May 23, 2013
FOMC minutes takeaway :
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Whenever any market experiences a daily price greater than the high of the previous period’s price and a low below the low of the previous period—you’ve got an outside day or reversal. But this ain’t your daddy’s stock market anymore my friend.
First, Bernanke’s congressional testimony was critical to an early rally given his assertion to maintain QE at current levels. But, he also suggested concerns about how markets would react should QE be tapered or (gasp!) removed.
Fed Minutes were released which noted various Fed governors wanting to halt QE in June and that certain “financial markets were becoming too buoyant”. BOOM! Stocks reversed. Is there a “Mutiny on the QE Bounty?
The hint of a halt to QE from the Fed Minutes trumped Bernanke’s QEinity congressional testimony.
You can be sure all this will be walked back Thursday. After all, Jobless Claims may beat, PMI Flash Mfg Index, Home Price Index and New Home Sales could bring the bulls quickly back to the fore.
Let’s see what happens.
A REVERSAL DAY FOR MARKETS
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