The Japanese and Korean equity markets have picked up again on the negative sentiment from yesterday and are both over 1% lower in early trade.
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Nikkei and Kospi both over 1% lower in early trade
June 16 2009, 3:14am | Comments »
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Cable touch firmer early
Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political survival are other factors underpinning cable. Another factor at play is ongoing talk of positive M&A flows eminating from the proposed Barclays/Blackrock deal. Technical resistances now come at 1.6355/60 (which is being tested as I write) and then 1.6395/00.
June 10 2009, 8:50am | Comments »
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Usd/Cad reverses early rally
Here’s a good one, Canadian payroll data is worse than expected while US data massively trumps consensus, which shows us the sell USD reflation trade is still on. With commodities also enjoying a huge lift from the payrolls the Loony is a major beneficiary, currently at 1.0983 after hitting 1.0960 the lowest level since September of last year. Support is seen at 1.0950 but Bond markets are reversing some of their losses, so the low may now be in place.
June 5 2009, 3:48pm | Comments »
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