North American wrap: Spain takes over troubled bank
Written by Adam Button
May 9, 2012 at 20:14 GMT
Spain takes steps to nationalize Bankia
Spanish CDS hit record high
Spain to miss deficit targets
SYRIZA unable to form Greek coalition
EFSF holds back 1B euros in Greek aid payment
Rajoy confirms more Spanish bank decision to be taken Friday
IMF “reluctant” to lend to Italy or Spain
US wholesale inventories and sales below estimates, GDP estimates trimmed
Kocherlakota: Fed should begin considering tightening in 6-9 months
Pianalto: expects 2.5% growth this year
Merkel: “Still” wants Greek in eurozone
US sells 10-years at record low yield
S&P 500 down 0.7% to 1354
The euro hit the skids at the ECB fixing, falling to 1.2930 in the first down-leg and to 1.2910 afterwards. Barriers ahead of 1.2900 braced the fall and EUR/USD bounced 60 pips before drifting back to 1.2946 last. Offers are at 1.2960/65.
Cable ran through stops below 1.61 in early North American trading and hit more below 1.6075 but rebounded shortly afterwards to 1.6130 in late European trading and then above 1.6150 in the US. Offers remain in the 1.6160/70 area.
USD/JPY fell as US 10s came perilously close to breaking support at 1.79% but the level held, risk sentiment improved and the pair rebounded to 1.7973 from 1.7943.
USD/CAD hit a 3-month high abvoe the 1.0052 range-top but it was unable to make further headway and drifted back to parity suggesting it’s too soon to call it a breakout.
Oil and gold also bounced after carving out recent lows; at $96.52 and $1590, respectively
Z nedzy do pieniedzy ..:)
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...
Option's today
For the 1000 NY cut (1400GMT)
EUR/USD: 1.2850, 1.2900, 1.2950, 1.29751.3000, 1,.3085,
USD/JPY: 79.05, 79.50, 79.75, 80,00 and 80.25, 81.00
EUR/JPY: 103.00
GBP/USD: 1.6060, 1.6100, 1.6200
EUR/GBP: 0.8025
AUD/USD 1.0000, 1.0050, 1.0080, 1.0100, 1.0195, 1.0200
AUD/JPY: 83.00
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...
North American wrap: Rising hopes for Greek government
Written by Adam Button
May 10, 2012 at 20:17 GMT
Greece’s Democratic Left renews hopes of coalition government
Syriza surges in latest Greek poll
US initial jobless claims 367K vs 368K exp
US GDP forecasts revised lower after larger trade deficit
Bernanke says choppy recovery keeping credit sluggish
NIESR estimates UK contracted 0.2% in Q1 vs +0.1% prior estimate
EU ministers to meet Monday, will discuss Greece
S&P: Spanish moves on banks positive
Spain to get more time to deliver deficit goals
Japan could intervene if it sees excessive speculation
US monthly budget surplus largest since 2008
S&P 500 gains 0.2% to 1358
AUD leads, JPY lags
Ho-hum session for the euro in a 40 pip range and closing at 1.2946. Positive comments about the potential for a Greek coalition pushed EUR/USD to a session high at 1.2979 but the move quickly stalled out.
The momentum from the BOE decision continued two hours into US trading, sending cable above 1.6180 but the move stalled out after options expiration and briefly traded below 1.6150 late in the day.
Rising US bond yields boosted USD/JPY despite a strong 30-year Treasury auction. The pair flirted with 80.00 throughout the day but has not been able to break higher.
The commodity bloc had some momentum in the early going but it was short-lived as USD/CAD rebounded above parity and AUD/USD below 1.01.
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...
S/L zadzialal 1.29356 pozycja zamknieta zysk +15pipek
wykres h1
cena odbila sie od linii trendu (09.05 1.29110, 10.05.1.29236, 11.05 1.29294)
czy ta linia trendu wytrzyma i popchnie cene w gore.? okaze sie na sesji azjatyckiej..., poziom 1.29276 jest poziomem z ktorgo cena w ciagu ostatnich dni odbijala sie wielokrotnie...czy teraz tez tak bedzie..?
wykres h1
cena odbila sie od linii trendu (09.05 1.29110, 10.05.1.29236, 11.05 1.29294)
czy ta linia trendu wytrzyma i popchnie cene w gore.? okaze sie na sesji azjatyckiej..., poziom 1.29276 jest poziomem z ktorgo cena w ciagu ostatnich dni odbijala sie wielokrotnie...czy teraz tez tak bedzie..?
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...
JP Morgan losses encourage even more risk aversion
Written by Sean Lee
May 10, 2012 at 21:57 GMT
We will need to wait on the open of the Asian stock markets to see how the JPM news is being taken. The amounts are relatively small in the overall scheme of things but it’s the fact that it occurred at all which may spook the markets.
In the case of a full on risk aversion move, the AUD, CAD, NZD will usually fall, the USD, JPY and CHF will usually gain, and the EUR and GBP will tend to stay steady (but choppy).
"...wyniki z przeszlosci wcale nie daja gwarancji zyskow w przyszlosci"...