Sign up for our Free Weekly Forex Strategy...

Forex - EUR/USD, USD/JPY Flows: USD looking wanted after in line data


 14:23 (GMT) 13 Jan

  [Forex Flows]

Sample Premium Content
EUR/USD, USD/JPY Flows: USD looking wanted after in line data (0100-KPHL-C01)

A bit of thranging about around the US data which was pretty much on point. The upshot is USD looks a little better bid than it did this morning especially against JPY and GBP. US Treasury yields running most of the USD moves at the moment and JPY most sensitive, while GBP is seen as a soft target due to the politics. It's a New York holiday on Monday so enthusiasm might be a little bit tempered but with USD a trifle wanted I could see 1.0600 EUR/USD where there is a big option expiry at 15.00 GMT as an obvious magnet, as always the price action after expiry should be revealing. IJ.


Forex - EUR/USD, USD/JPY Flows: Germany's Finance Minister Wolfgang Schaeuble believes the euro region is prepared to support Greece even without IMF


 01:17 (GMT) 13 Jan

 [Forex Flows]

BBG: Germany's Finance Minister Wolfgang Schaeuble believes the euro region is prepared to support Greece even without International Monetary Fund participation, Sueddeutsche Zeitung reports, citing an interview. If for any reason IMF decides not to participate, Europeans can envision a separate solution within the European monetary system. In that case, Europeans would have to significantly improve the conditions set. Would have to assign program to ESM and would first have to be approved by Germany's Bundestag.

The run above 1.0650 in EURUSD yesterday found only limited stops yesterday with only a high of 1.0685 printed. Movements in EURUSD and indeed the other majors yesterday showed that fresh USD longs were simply waiting for better levels to come in, and are not in short supply. Tactical USD longs can still be entered at >1.0600 levels, with medium term stops not seen till at >1.1000 levels. Small bids at 1.0600 are not expected to last.


Forex - EUR/USD Flows: Lockhart on the newswires


 15:10 (GMT) 12 Jan

 [Forex Flows]

Fed's Lockhart says, "if inflation overshoots too much there may be demands to raise rates in a pre-emptive manner." For me the biggest word in that statement is 'if'. Fed speakers everywhere you look today and something for everyone as EUR/USD thrangs around in a rough 1.0630/80 range. More choppy range trading probably the order of the day although fading a break higher appeals more than fading a break lower. IJ.


Forex - EUR/USD, USD/JPY Flows: Hawkish Harker gives USD a lift, but there's more to come on the Fed calendar


 14:05 (GMT) 12 Jan

 [Forex Flows]

Please view the story for more information...


Forex - EUR/USD, GBP/USD Flows: Bullard on the newswires


 12:24 (GMT) 12 Jan

 [Forex Flows]

Fed's Jamie Bullard on the newswires saying no reason to dramatically move rates now. USD is responding with another minor leg lower for EUR/USD to trade as high as 1.0670s, although it's noticeable that Cable is less enthusiastic. I always like to hear what Bullard has to say as he changes his opinion as circumstances change, instead of spouting the same old line all the time. There's one drawback though, he's no longer a voting member. IJ.