GVI Forex john -- Inner Circle 21:52 GMT September 3, 2013
Calendar
Reply
September 3. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, September 4.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: AU- GDP, EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP, US- Trade. Service PMI, Beige
Book, CA- BOC decision.
- Far East: AU- GDP.
- Europe: EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP.
- North America: US-Weekly Motrgages, Trade. Service PMI, Beige Book, CA- Trade, BOC decision.
Direct links to primary data sources
GVI Forex Blog 21:26 GMT September 3, 2013
Reply
A data-led positive vibe gave way to risk aversion as Syria re-entered the frame. US ISM manufacturing and construction spending beat consensus, boosting US interest rates and the US dollar. However, later news that
NZ Morning Thoughts - FX & IR
GVI Forex john -- Inner Circle 20:24 GMT September 3, 2013
PMI data from the U.S. mixed. Syria uncertainties persist
Reply
- HIGH
IMPACT ITEMS: AU- GDP, EZ/DE/FR/GB- Service PMIs, EZ- Retail
Sales, GDP, US- Trade. Service PMI, Beige Book, CA- BOC decision
- Early reports of
missile launches in the eastern Mediterranean were quickly dismissed as
inaccurate. Additional market rumors would not be surprising and should
be teared with a heavy dose of skepticism. Mid-morning in the U.S.,
Republican House Speaker Boehner endorsed action by Obama in Syria and
his comment weighed on stocks..
- The Reserve Bank of Australia
kept policy steady as widely expected. The Bank took a less
dovish tone from a month ago, but continued to suggest a weaker AUD
could help the economy. Australia holds national elections on
Saturday. The central bank wants
to stay above the fray.
- Monday saw a slew of
manufacturing PMI reports, and
in general they pointed to improving economic performances almost
everywhere. U.S. Manufacturing PMI data TUESDAY were mixed. See
the FOREX FORUM
for latest key data and charts
- President Obama
backing down from his threat of military action vs.Syria gave
equity markets a boost..Obama will attend the G20in
St. Petersburg in Russia later this week. We don't expect much from the
meeting.
- More PMI reports will be
released
daily through Thursday. There are also central Bank decisions are
still due this week from, Canada, the U.K. and the ECB. In addition to
a slew of other
reports. Friday features key U.S. employment data. Thursday and
Friday are Jewish holidays which could limit dealer participation. On
Saturday Australia holds national elections.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar and see the FOREX FORUM
for latest key data and charts as they are released.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3318
|
JGB
0.75% +1bp
|
Asia
Close Higher
|
USDJPY
97.78
|
Bund
1.95% +5bp
|
Europe
Mixed
|
EURJPY
130.23
|
U.S.
2.85% +7bp
|
North
America: Higher
|
GVI Forex Blog 20:23 GMT September 3, 2013
Reply
HIGH IMPACT ITEMS: AU- GDP, EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP, US- Trade. Service PMI, Beige Book, CA- BOC decision
Early reports of missile launches in the eastern Mediterranean were quickly dismissed as inaccurate. Additional market rumors would not be surprising and should be teared with a heavy dose of skepticism. Mid-morning in the U.S., Republican House Speaker Boehner endorsed action by Obama in Syria and his comment weighed on stocks..
PMI data from the U.S. mixed. Syria uncertainties persist
dc CB 20:03 GMT September 3, 2013
Now war looks more likely a done deal.
Buy Silver
it's an industrial metal
each cruise missle contains 15KG of silver
all missles require silver for electronic components
time to think like an arms dealer
GVI Forex john -- Inner Circle 19:51 GMT September 3, 2013
Chart Points
Reply
UPDATED. Global-View Free FX Database. High-Low-Close data
for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.
Acropolys Zorba 19:45 GMT September 3, 2013
Watershed Moment in Financial History
Buy Gold
Entry: Target: Stop:
the Greek drachma had a value when entering the Euro and still held some value after getting bankrupt under the EUR umbrella.
USD has value, and for sure it will have (some) value when entering the new age of differently formed currency as sole for the US or together with others.
WW3 will make all logic options to vanish, are we on the road to WW3?
each chocolate, the way to heaven on earth or doom and gloom is reality to win?
who cares when it's a sweet feeling in your mouth and you are fully aware to your risks :-)))
HK RF@ 19:15 GMT September 3, 2013
Now war looks more likely a done deal.
Reply
Who cares about:
Protester from group code Pink interrupts Senate hearing on Syria just before it is due to begin, yelling 'We can't afford to have another war' - @NBCNews
Because the oil lobby is stronger.
Obama Has Bipartisan Support for Syria Strike.
JERUSALEM kb 18:15 GMT September 3, 2013
Pipshunter
Buy Gold
Entry: 1435 Target: 1470 Stop: 1427
buy stop 2nd position
Paris ib 17:41 GMT September 3, 2013
Watershed Moment in Financial History
Reply
We are at a watershed moment, although most people don't know that. Here is another link which makes some interesting points:
"And there is of course the euro, which, make no mistake, is in great shape." "But the euro crisis is purely for internal consumption, to sucker the nations into surrendering budget responsibility to Brussels. This is the final frontier for a full blown EU federalist Super State."
So we have Syria.... and I can't help but think Nixon, Vietnam and the U.S. delinking from Gold. De Gaulle asking for his GOLD back (like Germany recently did)..... starting to look very d�j� vu.
The dying dollar
Mtl JP 17:01 GMT September 3, 2013
U.S. Treasuries getting belted
AL those Primary Dealers BETTER call the Fed AND have a commitment from the FED else they gonna be selling to themselves
Paris ib 17:01 GMT September 3, 2013
Petrodollars and Syria
Reply
This guy believes that the Syrian rebellion was a U.S. invention.... I'm not sure of the dynamics here. Something like: a crisis to prevent the U.S. dollar's reserve currency status from ending abruptly. I don't follow that reasoning completely but nevertheless it's an interesting read:
"The dollar is entirely reliant on its own world reserve status in order to hold its value on the global market. As is evident, countries like China are already dumping the greenback in trade with particular nations. It is utterly foolish to assume this trend is somehow �random� rather than deliberate. Foreign countries would not be initiating the process of a dollar dump today if they did not mean to follow through with it tomorrow.
All that is left is for a cover crisis to be conjured."
Syria and all that
Paris ib 16:24 GMT September 3, 2013
U.S. Treasuries getting belted
nh I disagree with you on both points. Odds on, the economic recovery in the United States has already peaked. At any rate we shall see.
Paris ib 16:22 GMT September 3, 2013
U.S. Treasuries getting belted
Pay attention JP they are slicing and dicing and selling rental backed titles for the 'yield'. So they are selling to pension funds etc. as part of a new and exciting 'package'. Not sub-price this time round. What they are not doing is buying residential housing. Which means the U.S. housing market may have already peaked, like the entire U.S. economy.
I was reading an interesting story about this last night but can't find the link right now. Nevertheless here is some more detail from (my not favourite site by a large margin): ZeroHedge.
Housing.
Livingston nh 16:21 GMT September 3, 2013
U.S. Treasuries getting belted
Two Things --
The real estate market follows the job market -- it is NOT the main source of historical GDP expansion
The Trade deficit has been with the US for 40 years -capital inflows ARE not a problem - See chart of Current Account deficit over the last 10 years
GVI Forex john -- Inner Circle 16:03 GMT September 3, 2013
Fixed Income
Late in Europe, prices in prime fixed income markets are mostly lower after data. Peripheral bond prices ae lower.
Paris ib 15:55 GMT September 3, 2013
U.S. Treasuries getting belted
It seems JP that Hedge Funds raised cash to buy into rental property (residential rental property). The proportion of cash buying in the States was enormous in this last run up in property prices. Now those funds are repacking those properties and selling them off to 'yield hungry' investors. Mr Joe Average never got involved, but there was a bubble II anyhow. That's over. Hedge funds are selling (well slicing and dicing anyhow).
Cash buyers
Mtl JP 15:48 GMT September 3, 2013
U.S. Treasuries getting belted
Paris ib 15:42 / makes sense. cheap money sees folks take on more debt. more debt means its quality is reduced. factor in the prospect of having to re-finance a higher priced house at higher rate with approx same income: what is the hedge funds logical conclusion when they see that ? dump it on someone else.
Tallinn viies 15:44 GMT September 3, 2013
eurusd
Reply
heard sovereign bids at 1,3120
this should contain downmove
london red 15:35 GMT September 3, 2013
cable
Reply
has just given up fibo support at 15530, next at 200 day ma, then trendline (15460). will be worth buying those dips ahead of services tomorrow, which are expected to have dipped slightly to 59 but the whisper number is going to higher gien recent beats so market i would expect buys cable dips in set for number.
Paris ib 15:33 GMT September 3, 2013
U.S. Treasuries getting belted
I think the U.S. economic recovery and possibly the U.K. economic recovery are both head fakes. The housing market in the States had been supported almost entirely by cash buyers (hedge funds etc.) who are now selling out (slicing and dicing again). The U.S. is not getting offshore capital to fund growth and it can't fund growth with a trade deficit. Anyway we will see. Mostly what we have seen is a whole lot of hype. The absolutely extraordinary sell off in U.S. Treasuries is the canary in the coal mine. We were told to expect a sell off in JGBs (which have remained absolutely rock steady) and a wall of money exit from Japan (into U.S. Treasuries). Facts on the ground have seen a massive sell off in U.S. Treasuries and Japanese repatriation. If it weren't so serious it would be hilarious.
london red 15:28 GMT September 3, 2013
U.S. Treasuries getting belted
numbers, growth numbers, are often fine. but you need to look at the real economy and businesses to get a feel of whats going on. trade individual companies are seeing regularly runs well ahead of regional economic data. recoveries in certain regions of the world are taking hold and are getting broader as each month passes. i dont have access to on the ground info in the US but i know its a global economy where everyone is linked, which is enough to point me in the right direction.
JERUSALEM kb 15:23 GMT September 3, 2013
Pipshunter
JERUSALEM kb 14:31 GMT September 3, 2013 - My Profile
Pipshunter: Reply
Buy Gold
Entry: 1402 Target: 1472 Stop: 1390
this time what goes up should continue go up
GVI Forex Blog 15:09 GMT September 3, 2013
Reply
September 3. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, September 4. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: AU- GDP, EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP, US- Trade. Service PMI, Beige Book, CA- BOC decision.
GVI Forex Data Outlook for September 4, 2013
GVI Forex john -- Inner Circle 15:07 GMT September 3, 2013
Calendar
Reply
September 3. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, September 4.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: AU- GDP, EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP, US- Trade. Service PMI, Beige
Book, CA- BOC decision.
- Far East: AU- GDP.
- Europe: EZ/DE/FR/GB- Service PMIs, EZ- Retail Sales, GDP.
- North America: US-Weekly Motrgages, Trade. Service PMI, Beige Book, CA- Trade, BOC decision.
Direct links to primary data sources
HK RF@ 15:07 GMT September 3, 2013
short aud/usd
Indeed 0.9060, is regarded by many as a pivot point.
The only problem is that sometimes after bad news the AUD behaves in reverse to the expectations.
london red 15:06 GMT September 3, 2013
eurusd
after ism, market is setting itself up for a stronger nfp, but tomorrow services pmi for europe and uk due which may offer the usual bounce of the 200 day ma which has just started. however i cant see anything but selling blips taking place on good european numbers given the close proximity of the nfp friday.
perversely, think dollar strength may shortly after taper is started, whether that means first 1.30 or lower remains to be seen.
Mtl JP 14:51 GMT September 3, 2013
short aud/usd
gv's econ calendar says
AU GDP qq 2Q13 n/a 0.60%
so IF it comes say at 0.50%, u might have something there
gl
tokyo ginko 14:41 GMT September 3, 2013
short aud/usd
market betting good GDP, that's the runup to here...and stops triggered above 9050 just now...probably after the GDP, reverse..just my 2 cents worth
Mtl JP 14:39 GMT September 3, 2013
short aud/usd
ginko 14:14 is that a bet on the aussi GDP release later today ?
JERUSALEM kb 14:31 GMT September 3, 2013
Pipshunter
Buy Gold
Entry: 1402 Target: 1472 Stop: 1390
bought
to dk 14:29 GMT September 3, 2013
eurusd
..
Tallinn viies 14:16 GMT September 3, 2013
eurusd
Reply
so far my stop at 1,3138 still alive.
was close.
taking it off and will sell at market if NYC close today under 1,3140 (200 day moving average).
limit sell order to 1,3240.
tokyo ginko 14:14 GMT September 3, 2013
short aud/usd
Reply
short aud/usd 9071, stop 9085 bid
GVI Forex john -- Inner Circle 14:08 GMT September 3, 2013
United States
U.S./Eurozone PMIs. U.S. PMI much better than forecast. Up slightly from July.
GVI Forex john -- Inner Circle 13:37 GMT September 3, 2013
Canada
Canadian PMIs (Ivey and RBC-Markit). Markit mfg PMI up slightly.
GVI Forex john -- Inner Circle 13:02 GMT September 3, 2013
United States
U.S. final Markit Mfg PMI. Revised down significantly from the flash 53.9 estimate.
Mtl JP 13:02 GMT September 3, 2013
United States
approx 0 reaction
maybe bit more reaction to ISM Manufacturing 54 expectation in an hour
GVI Forex john -- Inner Circle 12:42 GMT September 3, 2013
United States
Reply
HEADS-UP: U.S. Data Due shortly.
Details at top of the page
(Manually refresh forum to update)
EURUSD= 1.3170
GBPUSD= 1.5554
USDJPY= 99.54
U.S. 10-yr=2.84%
(Manually refresh forum to update Calendar)
Direct links to primary data sources
HK RF@ 12:27 GMT September 3, 2013
Missiles
The Israelis can pulverize the Syrian army, just by using aircrafts and drones.
Syria will not even think about attacking Israel because of the clear consequences.
So why these missiles show now?
Purposely, as an internal propaganda for installing confidence in The scared and demoralized Israeli population.
So just don't mind it.
It is not intended for the markets.
Livingston nh 12:16 GMT September 3, 2013
bit of history
An old chestnut - "Markets despise uncertainty" - this month should have a bucketful
PAR 12:14 GMT September 3, 2013
Missiles
Reply
Israel says it conducts joint missile test with US over Mediterranean
JERUSALEM � Israel and the U.S. conducted a joint missile test over the Mediterranean on Tuesday, an apparent display of military prowess as the Obama administration seeks congressional support for strikes against the regime of Syrian President Bashar Assad.
Any U.S. strikes, in retaliation for alleged chemical weapons use by the Assad regime, are not expected before next week when Congress gets back from summer recess
Plovdiv Gotin 11:40 GMT September 3, 2013
E/$
Reply
EURUSD
Entry: Target: Stop:
If everything is OK EUR/USD will drop under 1.2661 to the end of month. GTay.
HK RF@ 11:04 GMT September 3, 2013
Take your money out of the bank B4 they will bail you in, but don't do a Christie:)
Reply
Tennessee woman hospitalized after hiding $5,000 in her rectum
Read more: http://www.nydailynews.com/news/crime/woman-hospitalized-hiding-5-000-rectum-article-1.1442950#ixzz2dpIe4ryQ
Christie Black, 43, was �bleeding severely� following her attempt to remove the wad of stolen money with a toilet brush and tongs, according to a Hawkins County Sheriff's Office report.
A Tennessee woman had to be taken to the hospital Tuesday after she allegedly stole $5,000 from her boyfriend and stored the cash in an unusual hiding spot.
According to a police report, Bobby Gulley was under the suspicion that his girlfriend, 43-year-old Christie Black of Bulls Gap, was stealing from him. He told police he "set a trap" for the woman by placing one envelope with $4,000 in $100 bills and another with $1,000 in $100 bills in an old medicine bag along with undisclosed amounts of drugs including morphine and oxycodone.
Mtl JP 10:51 GMT September 3, 2013
eurusd
RF@ 10:28 Claims Senate Armed Services Committee Ranking Member James Inhofe, R-Okla.,: "Our military has no money left" - defensenews
blame FED tapering & sequestration
HK RF@ 10:28 GMT September 3, 2013
eurusd
No doubt they have coordinated the missile test with the bankers.
It is obvious!!!
A rip off. Hey censored don't forget to give some bribes to the generals.
Tallinn viies 10:25 GMT September 3, 2013
eurusd
Reply
13:22 03Sep13 RTRS-ISRAEL SAYS CARRIED OUT JOINT MISSILE TEST WITH U.S. IN THE MEDITERRANEAN
GVI Forex john -- Inner Circle 09:58 GMT September 3, 2013
Report missiles launched in eastern Med denied. RBA unch
Reply
- HIGH
IMPACT ITEMS: US/CA PMI
- There are reports of
missile launches in the eastern Mediterranean Details are
sketchy. Speculation the launches might have been tests. Report
apparently untrue.
- The Reserve Bank of Australia
kept policy steady today as widely expected. The Bank took a less
dovish tone from a month ago, but continued to suggest a weaker AUD
could help the economy. Australia holds national elections on
Saturday. It was expected that the central bank would want
to remain above the fray.
- Monday saw a slew of
manufacturing PMI reports, and
in general they pointed to improving economic performances almost
everywhere. U.S. Manufacturing PMI is due today. See the FOREX FORUM
for latest key data and charts
- President Obama
backing down from his threat of military action vs.Syria gave
equity markets a boost..Obama will attend the G20in
St. Petersburg in Russia later this week. We don't expect much from the
meeting.
- More PMI reports will be
released
daily through Thursday. There are also central Bank decisions are
still due this week from, Canada, the U.K. and the ECB. In addition to
a slew of other
reports. Friday features key U.S. employment data. Thursday and
Friday are Jewish holidays which could limit dealer participation. On
Saturday Australia holds national elections.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar and see the FOREX FORUM
for latest key data and charts as they are released.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3325
|
JGB
0.74% 0bp
|
Asia
Close Higher
|
USDJPY
97.69
|
Bund
1.90% 0bp
|
Europe
Higher
|
EURJPY
130.17
|
U.S.
2.83% +5bp
|
North
America: Higher
|
HK RF@ 09:55 GMT September 3, 2013
Russia
Why only the Russians detected those missiles.
Possibly coming down at 7 Mach, and the news were split into:
1) Detection
2) No hit, or sea landing.
Sound a big big big bullsh!t.
HK RF@ 09:49 GMT September 3, 2013
Russia
Possibly in full coordination with the banksters:)
GVI Forex john -- Inner Circle 09:41 GMT September 3, 2013
Russia
Russian source now says two ballistic objects landed in the sea.
HK RF@ 09:26 GMT September 3, 2013
Obama sold his gold
Reply
@BreakingNews : No sign of missile attack or explosions in Damascus after detection of Mediterranean Sea ballistic launches - ITAR TASS via @Reuters 3 minutes ago
Paris ib 09:26 GMT September 3, 2013
Russia
What a complete farce.
Paris ib 09:22 GMT September 3, 2013
Russia
No-one owning up to having fired these missiles.
I note that France is not going to let the Parliament vote on any military action against Syria.
GVI Forex john -- Inner Circle 09:21 GMT September 3, 2013
Russia
Reports of the missile launches are now being questioned. Some speculating they might have been tests three hours ago.
GVI Forex john -- Inner Circle 09:08 GMT September 3, 2013
Russia
Report a gas pipeline has been blown up in Syria,
Saar KaL 09:01 GMT September 3, 2013
KaL's Trend and Level
End of Sept P.I at 70%
GBPAUD 1.8294 1.7638
GBPCAD 1.6866 1.6456
GBPNZD 2.0467 1.9690
AUDNZD 1.1350 1.1079
NDX 3298.2 3155.2
DJI 15486.1 14957.6
GVI Forex john -- Inner Circle 08:59 GMT September 3, 2013
Fixed Income
Reply
Early in Europe, prices in prime fixed income markets are mixed. Prices in periphery are higher.
GVI Forex john -- Inner Circle 08:58 GMT September 3, 2013
Russia
Reply
Detects launch of two ballistic missiles in Eastern Med --TTN
manila tom 08:50 GMT September 3, 2013
UK Source TradeTheNews.com
cable will always be supported with this kind of data performance
london red 08:12 GMT September 3, 2013
UK Source TradeTheNews.com
yes, Britain is Great once again, of course you heard it here first a long time ago. tomorrow services pmi.
Syd 06:57 GMT September 3, 2013
UK Source TradeTheNews.com
Reply
(UK) According to former BoE inflation hawk Sentance, there are signs that the UK's recovery might be sustainable, suggests gov't GDP forecasts are conservative - London Telegraph- Expects the UK economy to grow by 1.3% in 2013 vs the March OBR forecast of 0.6% - Notes the euro zone is becoming less of a drag on UK growth. **Note: In early Aug, Sentance said that the BoE could have to raise rates by early 2014. - Source TradeTheNews.com
Syd 06:45 GMT September 3, 2013
Mass immigration has made Britain a less competitive economy
Reply
Mr Carney�s more serious point was that UK productivity, which has been trailing other major advanced economies for decades, is no higher today than it was in 2005, when Mr Bugg got his first guitar. This appears to be the longest period of stagnation in UK productivity growth on record. Economists have widely described this phenomenon as a �puzzle�, a word they tend to use for any trend that breaks with past norms.
To most of us, however, it doesn�t seem in the least bit mysterious � it�s basically about the triumph in public policy of demand management over serious supply side reform. Unfortunately, this has got worse since the financial crisis began, not better.
As we now know, trend growth ahead of the crisis wasn�t in any case as good as Labour made out; a lot of it was down simply to financial and housing market froth, now blown away by the banking implosion.
HK RF@ 04:06 GMT September 3, 2013
Sarin
Reply
Sarin is described as an odorless tasteless and colorless.
http://www.cdc.gov/niosh/ershdb/EmergencyResponseCard_29750001.html
The argument that only Assad has the means to deliver it are nonsense.
The only thing one has to do, is to load few barrels full of sarin on a vehicle, and spill it in a neighborhood.
There is no need to deliver it through using any weapon.
Thus, it is almost impossible to find out who was the sick mind behind what happened.
It needs a detailed intelligence investigation, which may even yield nothing to find out the culprits.
I may only guess, that the superpowers will have to reach to a practical agreement to prevent things like that from happening again.
Bombing Assad may yield nothing.
So make your minds.
to dk 04:01 GMT September 3, 2013
Gold
Saudis offer Russia secret oil deal if it drops Syria
Saudi Arabia has secretly offered Russia a sweeping deal to control the global oil market and safeguard Russia�s gas contracts, if the Kremlin backs away from the Assad regime in Syria.
Hyderabad Krishna 03:28 GMT September 3, 2013
Gold
HK RF : Thanks..
HK RF@ 03:26 GMT September 3, 2013
Gold
Hyderabad Krishna
It all depends on the political situation with Syria, and the tapering threat.
The pressure on O. and the congress not to pass a war action is enormous.
I don't believe Putin would have supported Assad had there really been clear evidence of gassing citizens by the Syrian army.
The potential for gold to go up is big, as well as for dropping down.
So if you are for a casino trading, you may guess and choose.
I suggest for gold to wait more, as it has lost already it's luster and momentum too.
To reduce your exposure to a risk in case of war, I think the AUD/CHF, is in more clear situation.
Where AUD/USD is bound anyway eventually to drop to 0.8100, which I called for long ago.
Hyderabad Krishna 03:16 GMT September 3, 2013
Gold
Reply
HK RF: Your comments on Gold Plz....
HK RF@ 03:04 GMT September 3, 2013
AUD/NZD
Reply
Sell AUDNZD
Entry: Anytime/ or 1.1550 Target: 1.0950 Stop: 1.1650
/
For position trading.
Price is trending to 1.0950 it may take few weeks, but seems a winning bet.
Hong Kong AceTrader 02:18 GMT September 3, 2013
Sept 3 : Yen weakens broadly as worries on Syriaeases
Reply
Market Review - 02/09/2013 22:15GMT
Yen weakens broadly as worries on Syria eases
The Japanese yen fell sharply against other currencies on Monday as worries over recent military actions in Syria are diminishing. The yen was also pressured on improved risk appetite after release of upbeat manufacturing PMIs in China and Europe.
Versus the Japanese yen, the greenback climbed above last Thursday's top at 98.52 to 98.68 in Asia due to the rise in Japanese equities. The pair rallied to a 4-week high at 99.42 in European morning on active cross selling of yen on diminishing worries about the imminent military actions in Syria but then retreated to 99.12 in thin American session as U.S. and Canadian markets were closed for Labour Day holiday.
Despite euro's brief fall to 1.3192 in Asian morning, the pair edged higher in tandem with sterling to 1.3227 in European morning but only to retreat to 1.3183 near European close on dollar's renewed broad-based strength in thin trading condition.
The British pound opened higher at 1.5544 in New Zealand but then dropped briefly to 1.5507 in Asia. Later, price rose to 1.5569 in European morning on cross buying of sterling versus other currencies and then climbed to intra-day high of 1.5594 after the release of better-than-expected U.K. manufacturing PMI, the index climbed to a 2-1/2 year peak (57.2 versus the forecast of 55.0) before retreating to 1.5531 ahead of European close.
On the data front, U.K. Hometrack housing survey was released at 0.4% m/m and 1.8%, higher than the previous readings of 0.3% and 1.3% respectively. China HSBC manufacturing PMI came in at 50.1, versus the forecast of 50.2 and the previous 47.7. Swiss PMI in Aug came in at 54.6, worse than the forecast of 55.9. German and eurozone manufacturing PMI in August came in at 51.8 and 51.4, versus the forecast of 52.0 and 51.3.
In other news, a Germany's CDU lawmaker said
'German Finance Minister Schaeuble clearly ruled out retroactive recapitalization of Greek banks during German budget committee session; Schaeuble estimated financing hole in current Greek programme at 4 billion to 4.5 billion euros.'
Data to be released on Tuesday :
Australia retail sales, RBA rate decision, China non-manufacturing PMI, U.K. retail sales, PMI construction, Swiss GDP, EU PPI, U.S. manufacturing PMI, construction spending, ISM manufacturing.
Dillon AL 01:10 GMT September 3, 2013
USDJPY
Todays break is perhaps significant
Brock Thor 00:02 GMT September 3, 2013
DXY- dollarindex
Reply
82.31-Market watch
Strong 5day long
How long will that continue...
Interesting.
many more chart points
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