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Thursday, 1 August 2013

2013.07.31 21:58:33 U.S. wheat up 1.4 pct; weather outlook blunts corn, soy gains

  • U.S. wheat futures rose for the fourth day in a row on Wednesday. The benchmark Chicago Board of Trade September soft red winter wheat futures contract gained 1.4 percent, its biggest daily rally since July 9.
  • Soybeans dropped 12.2 percent this month -- their biggest monthly drop since September 2011 -- and wheat was up 2.4 percent.
  • CBOT September wheat settled up 9 cents at $6.64-1/4 a bushel at 10:38 a.m. CDT (1538 GMT). The contract settled above a key technical resistance point at its 20-day moving average for the first time since July 12.
  • CBOT August soybeans were 24 cents higher at $13.74, but volume was thin as the contract was in the delivery period. The new-crop November contract was up 3-1/4 cents at $12.06-1/4 a bushel, bouncing slightly after hitting its lowest in more than three months early in the day.
  • CBOT September corn was up 3-1/2 cents at $4.99 a bushel and new-crop December up 1-1/2 cents at $4.79 a bushel.

2013.07.31 21:58:33 U.S. wheat up 1.4 pct; weather outlook blunts corn, soy gains

  • U.S. wheat futures rose for the fourth day in a row on Wednesday. The benchmark Chicago Board of Trade September soft red winter wheat futures contract gained 1.4 percent, its biggest daily rally since July 9.
  • Soybeans dropped 12.2 percent this month -- their biggest monthly drop since September 2011 -- and wheat was up 2.4 percent.
  • CBOT September wheat settled up 9 cents at $6.64-1/4 a bushel at 10:38 a.m. CDT (1538 GMT). The contract settled above a key technical resistance point at its 20-day moving average for the first time since July 12.
  • CBOT August soybeans were 24 cents higher at $13.74, but volume was thin as the contract was in the delivery period. The new-crop November contract was up 3-1/4 cents at $12.06-1/4 a bushel, bouncing slightly after hitting its lowest in more than three months early in the day.
  • CBOT September corn was up 3-1/2 cents at $4.99 a bushel and new-crop December up 1-1/2 cents at $4.79 a bushel.

2013.07.31 21:26:30 U.S SHORT-TERM INTEREST-RATE FUTURES TURN POSITIVE; TRADERS NOW SEE FIRST FED RATE HIKE IN JAN 2015

U.S SHORT-TERM INTEREST-RATE FUTURES TURN POSITIVE; TRADERS NOW SEE FIRST FED RATE HIKE IN JAN 2015

2013.07.31 21:05:30 FED SAYS HOUSING SECTOR HAS BEEN STRENGTHENING, BUT MORTGAGE RATES HAVE RISEN SOMEWHAT, FISCAL POLICY IS RESTRAINING GROWTH

FED SAYS HOUSING SECTOR HAS BEEN STRENGTHENING, BUT MORTGAGE RATES HAVE RISEN SOMEWHAT, FISCAL POLICY IS RESTRAINING GROWTH

Monday, 29 July 2013

2013.07.29 14:01:02 JPY - 97.64 IS 50% FIBO, 97.49 IS CLOUD TOP - STOPS BELOW, HUGE 97.00 OPTION EXPIRY TODAY MAY DRAW IF SUPPORT BREAKS, MORE OPTION EXPIRIES ALL AROUND CURRENT SPOT

  • As the bull trend persists, indicated by the trending and momentum indicators pointing higher, focus is on further upside.

  • Key resistance is at $1.3417.

  • Support is at $1.3253 ahead of $1.3166.

2013.07.29 12:14:02 MARKET LOOKS FOR GUIDANCE ON INTERVENTION TO WEAKEN CZK, BUT CNB EXPECTED TO KEEP USING RHETORIC TO CAP CZK

MARKET LOOKS FOR GUIDANCE ON INTERVENTION TO WEAKEN CZK, BUT CNB EXPECTED TO KEEP USING RHETORIC TO CAP CZK

2013.07.29 12:11:02 CONSOLIDATION AFTER 20+ RAND FALL GIVES WAY TO CAPITULATION OF USD/ZAR SHORTS, 55-DMA AT 9.8683 IS NEXT PIVOT ABOVE; A BREAK OPENS 21-DMA 9.9167, DAILY ICHI CLOUD TOP AT 9.9733, DAILY KINSEN AT 9.9568 OFFER RESISTANCE

CONSOLIDATION AFTER 20+ RAND FALL GIVES WAY TO CAPITULATION OF USD/ZAR SHORTS, 55-DMA AT 9.8683 IS NEXT PIVOT ABOVE; A BREAK OPENS 21-DMA 9.9167, DAILY ICHI CLOUD TOP AT 9.9733, DAILY KINSEN AT 9.9568 OFFER RESISTANCE

Friday, 26 July 2013

2013.07.26 11:54:58 INDIA CBANK SETS MINIMUM UNDERWRITING COMMISSION OF 0.98 RUPEE PER 100 RUPEES FOR 1.44 PCT 2023 INFLATION-INDEXED GOVT BONDS

INDIA CBANK SETS MINIMUM UNDERWRITING COMMISSION OF 0.98 RUPEE PER 100 RUPEES FOR 1.44 PCT 2023 INFLATION-INDEXED GOVT BONDS

2013.07.25 23:33:07 FED DISCOUNT PRIMARY BORROWING AVERAGES $10 MLN/DAY IN WEEK VS $13 MLN/DAY PREVIOUS WEEK

FED DISCOUNT PRIMARY BORROWING AVERAGES $10 MLN/DAY IN WEEK VS $13 MLN/DAY PREVIOUS WEEK

2013.07.25 23:32:07 FOREIGN CENBANK HOLDINGS OF US AGENCY DEBT ROSE $15.28 BLN TO $312.18 BLN IN JULY 24 WEEK

FOREIGN CENBANK HOLDINGS OF US AGENCY DEBT ROSE $15.28 BLN TO $312.18 BLN IN JULY 24 WEEK

Thursday, 25 July 2013

2013.07.25 15:55:07 RESEARCH: Sterling will outperform euro and the yen

Quotes from Societe Generale Cross Asset Research:

-BoE Governor Carney expressed his preference for forward guidance. The latest PMI readings confirm the broad-based vigour in the UK economy following a weak first quarter.

-Sterling will fall against the dollar, and we see cable at 1.43 by year-end. But we believe sterling will outperform euro and the yen, as monetary policy continues to ease in Japan and the EA.

2013.07.25 14:59:07 DEUTSCHE BANK: WE THINK WE'LL SEE 75 BASIS POINTS OF TIGHTENING BY THE RBNZ NEXT YEAR BEGINNING AROUND MARCH AND THERE'S NOTHING IN THIS STATEMENT TO MAKE ME CHANGE THAT VIEW

DEUTSCHE BANK: WE THINK WE'LL SEE 75 BASIS POINTS OF TIGHTENING BY THE RBNZ NEXT YEAR BEGINNING AROUND MARCH AND THERE'S NOTHING IN THIS STATEMENT TO MAKE ME CHANGE THAT VIEW

2013.07.25 13:51:07 INDIA CBANK RECEIVES 88 BIDS FOR 123.49 BLN RUPEES AT 56-DAY CASH MANAGEMENT BILLS AUCTION

INDIA CBANK RECEIVES 88 BIDS FOR 123.49 BLN RUPEES AT 56-DAY CASH MANAGEMENT BILLS AUCTION

2013.07.25 07:40:07 AUD/NZD- RBNZ STATEMENT NO SHOCK BUT MAINTAINED HAWKISH BIAS, BEARISH OUTSIDE DAY KEEPS DOWNTREND IN PLAY - 5, 10 & 20 DMA'S TREND SOUTH

AUD/NZD- RBNZ STATEMENT NO SHOCK BUT MAINTAINED HAWKISH BIAS, BEARISH OUTSIDE DAY KEEPS DOWNTREND IN PLAY - 5, 10 & 20 DMA'S TREND SOUTH

2013.07.24 19:00:59 FRENCH JOBLESS TOTAL RISES TO NEW RECORD IN JUNE, UP 0.5 PCT M/M TO 3,279,400 - LABOUR MINISTRY

FRENCH JOBLESS TOTAL RISES TO NEW RECORD IN JUNE, UP 0.5 PCT M/M TO 3,279,400 - LABOUR MINISTRY

Wednesday, 24 July 2013

2013.07.24 13:31:59 RESEARCH: China will see a bumpy landing over the medium term

Quotes from Societe Generale Cross Asset Research:

-Our core scenario is that China will see a bumpy landing over the medium term, with growth grinding persistently lower from 7. 4 % in 2013 to 6% in 2017. However, there is still a non-negligible risk that China could land hard, with growth of less than 6% in 2013.

-In an extreme hard landing scenario, we estimate base metals could drop 40%, while the US dollar rallies and treasuries outperform other debt markets and global equity markets.

2013.07.24 11:46:59 CABLE BELOW DAILY ICHI BASE 1.5381; HOURLY CLOUD 1.5307-47 SUPPORTS, SPECS LIKELY TO BUY DIPS ON BACK OF EUR/USD

CABLE BELOW DAILY ICHI BASE 1.5381; HOURLY CLOUD 1.5307-47 SUPPORTS, SPECS LIKELY TO BUY DIPS ON BACK OF EUR/USD

2013.07.24 09:35:59 POLISH C.BANK VOTED TO CUT RATES BY 25 BPS IN JUNE IN 5-5 VOTE, GOVERNOR'S VOTE ALLOWED FOR THE CUT -OFFICIAL VOTING RECORDS

POLISH C.BANK VOTED TO CUT RATES BY 25 BPS IN JUNE IN 5-5 VOTE, GOVERNOR'S VOTE ALLOWED FOR THE CUT -OFFICIAL VOTING RECORDS

2013.07.24 05:05:46 China Media Roundup

CHINA SECURITIES JOURNAL

  • China Merchants Bank said its application for a 3.1 billion rights share issue has been approved by the China Securities Regulatory Commission. 
  • According to first-half figures published by the China Insurance Regulatory Commission on Tuesday, total assets of the insurance industry totalled 7.88 trillion yuan ($1.28 trillion) as of end-June, an increase of 7.2 percent from the beginning of the year. 
  • The China Financial Futures Exchange will conduct the first full test run for the launch of government bond futures on Saturday.

2013.07.23 23:04:38 Today in Washington - July 24

(ALL TIMES IN EDT/GMT)

  • 0700/1100: The USDA issues weekly world rice price.
  • 1000/1400: The Commerce Dept. issues single-family home sales for June.
  • 1030/1430: The Energy Information Administration issues weekly petroleum stocks and output data.
  • 1300/1700: The Treasury Dept. sells 5-year notes.

2013.07.23 18:17:38 TENTATIVE TENDER OF NON-COMPS, FIMA FOR 4-WEEK BILLS TOTAL $268.7 MLN; COMPETITIVE REMAINING $39.7 BLN

TENTATIVE TENDER OF NON-COMPS, FIMA FOR 4-WEEK BILLS TOTAL $268.7 MLN; COMPETITIVE REMAINING $39.7 BLN

Tuesday, 23 July 2013

2013.07.23 08:43:38 ECONOMISTS: IF TURKEY DOES LIFT RATES, IT WOULD FOLLOW OTHER EMERGING MARKETS TO PREVENT A ROUT OF ITS CURRENCY

ECONOMISTS: IF TURKEY DOES LIFT RATES, IT WOULD FOLLOW OTHER EMERGING MARKETS TO PREVENT A ROUT OF ITS CURRENCY

2013.07.23 07:03:38 TOTAL ASSETS MANAGED BY SINGAPORE-BASED FUND MANAGERS ROSE 22 PCT TO S$1.63 TRLN LAST YEAR - C.BANK

TOTAL ASSETS MANAGED BY SINGAPORE-BASED FUND MANAGERS ROSE 22 PCT TO S$1.63 TRLN LAST YEAR - C.BANK

2013.07.23 04:32:38 CHINA'S 7-DAY WEIGHTED-AVERAGE REPO RATE OPENS AT 3.9385 PCT VS 3.9369 PCT AT PREVIOUS CLOSE

CHINA'S 7-DAY WEIGHTED-AVERAGE REPO RATE OPENS AT 3.9385 PCT VS 3.9369 PCT AT PREVIOUS CLOSE

2013.07.22 18:36:55 Copper up nearly 2 pct on Chinese data, weaker dollar

ECONOMISTS : EXPECT U.S. FEDERAL RESERVE TO START REDUCING ITS BOND PURCHASES BY SEPTEMBER

Monday, 22 July 2013

2013.07.22 14:52:54 CHART FOCUS: AUD/USD STOP TIGHT BUT RISK FREE

Source: Thomson Reuters
  • short at 0.9250 for a bearish resumption towards July 15 0.9122 low

  • Spot seems to be building for a reversal higher

  • Daily momentum could well finish positive at today's close

  • A daily close above the 30-dma at 0.9255 needed to defer

2013.07.22 12:25:54 CHINA VICE PREMIER ZHANG SAYS CHINA MUST ENSURE IT COMPLETES ECONOMIC DEVELOPMENT TASKS THIS YEAR

CHINA VICE PREMIER ZHANG SAYS CHINA MUST ENSURE IT COMPLETES ECONOMIC DEVELOPMENT TASKS THIS YEAR

2013.07.22 07:35:51 USD/IDR- BI CUTS DOWN OFFERS LAST WEEK TO AROUND 50MLN, ALLOWING THE PAIR TO TRADE ABOVE 10000, NDFS STAYS BID ON HEDGING

USD/IDR- BI CUTS DOWN OFFERS LAST WEEK TO AROUND 50MLN, ALLOWING THE PAIR TO TRADE ABOVE 10000, NDFS STAYS BID ON HEDGING

Saturday, 20 July 2013

2013.07.19 23:16:07 U.S. PUBLISHES ACTION PLAN OUTLINING STEPS FOR BANGLADESH TO FOLLOW TO RESTORE RECENTLY SUSPENDED TRADE BENEFITS

U.S. PUBLISHES ACTION PLAN OUTLINING STEPS FOR BANGLADESH TO FOLLOW TO RESTORE RECENTLY SUSPENDED TRADE BENEFITS

2013.07.19 18:53:07 FINAL G20 DRAFT COMMUNIQUE TEXT PLEDGES "TO MOVE DECISIVELY" TOWARDS A BANKING UNION IN EUROPE

FINAL G20 DRAFT COMMUNIQUE TEXT PLEDGES "TO MOVE DECISIVELY" TOWARDS A BANKING UNION IN EUROPE

2013.07.19 18:16:07 ITALY ECONOMY MINSTER SACCOMANNI SAYS VARIOUS OPTIONS FOR REDUCING PUBLIC DEBT, SAYS HAS NOT SPOKEN OF SPECIFIC PLANS TO SELL STATE SHAREHOLDINGS

ITALY ECONOMY MINSTER SACCOMANNI SAYS VARIOUS OPTIONS FOR REDUCING PUBLIC DEBT, SAYS HAS NOT SPOKEN OF SPECIFIC PLANS TO SELL STATE SHAREHOLDINGS

2013.07.19 17:53:07 ITALY COURT ASKS PROSECUTORS TO INVESTIGATE WHETHER BERLUSCONI GAVE FALSE TESTIMONY IN TRIAL OF ASSOCIATES CONVICTED OVER UNDERAGED PROSTITUTION

ITALY COURT ASKS PROSECUTORS TO INVESTIGATE WHETHER BERLUSCONI GAVE FALSE TESTIMONY IN TRIAL OF ASSOCIATES CONVICTED OVER UNDERAGED PROSTITUTION

Friday, 19 July 2013

2013.07.19 11:46:07 USD/JPY SELLS OFF BEFORE JAPAN'S WEEKEND ELECTIONS, MACROS AGGRESSIVELY PAY UP IN NY, THEN DUMP LONGS IN TOKYO

USD/JPY SELLS OFF BEFORE JAPAN'S WEEKEND ELECTIONS, MACROS AGGRESSIVELY PAY UP IN NY, THEN DUMP LONGS IN TOKYO

2013.07.18 20:57:40 BIDEN SAYS U.S. READY TO ENGAGE IN DIALOGUE WITH NORTH KOREA, BUT ONLY IF PYONGYANG PREPARED FOR "GENUINE" NEGOTIATIONS

BIDEN SAYS U.S. READY TO ENGAGE IN DIALOGUE WITH NORTH KOREA, BUT ONLY IF PYONGYANG PREPARED FOR "GENUINE" NEGOTIATIONS

2013.07.18 18:43:40 BERNANKE SAYS DATA SINCE JUNE FOMC MEETING HAVE BEEN MIXED, BUT WAY TOO EARLY TO MAKE A JUDGMENT ON IMPACT FOR FED FORECASTS

BERNANKE SAYS DATA SINCE JUNE FOMC MEETING HAVE BEEN MIXED, BUT WAY TOO EARLY TO MAKE A JUDGMENT ON IMPACT FOR FED FORECASTS

Thursday, 18 July 2013

2013.07.18 09:05:40 USD/SGD - SIGNS OF RALLY EMERGE FROM LONG TERM TRENDLINE SUPPORT CIRCA 1.2580/90, FAILURE TO HOLD PRICE BELOW THE TRENDLINE SHOWS BULLS DEFENDING

2013.07.18 09:05:40    USD/SGD - SIGNS OF RALLY EMERGE FROM LONG TERM TRENDLINE SUPPORT CIRCA 1.2580/90, FAILURE TO HOLD PRICE BELOW THE TRENDLINE SHOWS BULLS DEFENDING

2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES, YIELDING 8.2282 PCT IN OMO-POLL

2013.07.18 09:04:40    INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES,  YIELDING 8.2282 PCT IN OMO-POLL

2013.07.18 09:06:40 USD/SGD UP 50 PIPS FROM LOWS WHILST USD/KRW UP NEARLY SEVEN WON, MAJORS STEADY EXCEPT FOR COMMODITY CURRENCIES WITH AUD/USD DOWN 0.6%

2013.07.18 09:06:40    USD/SGD UP 50 PIPS FROM LOWS WHILST USD/KRW UP NEARLY SEVEN WON, MAJORS STEADY EXCEPT FOR COMMODITY CURRENCIES WITH AUD/USD DOWN 0.6%

2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.07 PCT 2017 BOND AT 98.57 RUPEES, YIELDING 8.5012 PCT IN OPEN MARKET OPERATION-POLL

2013.07.18 09:04:40    INDIA CBANK EXPECTED TO SELL 8.07 PCT 2017 BOND AT 98.57 RUPEES,  YIELDING 8.5012 PCT IN OPEN MARKET OPERATION-POLL

2013.07.18 09:09:40 RESEARCH: Investors should sell 2M 25-delta USD-JPY strangles

2013.07.18 09:09:40    RESEARCH: Investors should sell 2M 25-delta USD-JPY strangles

2013.07.18 09:05:40 RESEARCH: Fed now seems comfortable with the level of market rates

2013.07.18 09:05:40    RESEARCH: Fed now seems comfortable with the level of market rates

2013.07.18 09:04:40 INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES, YIELDING 8.2282 PCT IN OMO-POLL

2013.07.18 09:04:40    INDIA CBANK EXPECTED TO SELL 8.15 PCT 2022 BOND AT 99.50 RUPEES,  YIELDING 8.2282 PCT IN OMO-POLL

2013.07.18 09:15:40 USD/CAD - A DAILY CLOSE BELOW 61.8% FIB AT 1.032 WOULD TURN OUTLOOK BEARISH, LONG TERM RESISTANCE (GOING BACK TO 2010) ABOVE 1.06 MAY BE RETESTED

2013.07.18 09:15:40    USD/CAD -  A DAILY CLOSE BELOW 61.8% FIB AT 1.032 WOULD TURN OUTLOOK BEARISH, LONG TERM RESISTANCE (GOING BACK TO 2010) ABOVE 1.06 MAY BE RETESTED

2013.07.18 09:02:40 SOUTH KOREAN WON CLOSES ONSHORE TRADE AT 1,126.3 PER DOLLAR VS 1,121.6 AT PREVIOUS CLOSE

2013.07.18 09:02:40    SOUTH KOREAN WON CLOSES ONSHORE TRADE AT 1,126.3 PER  DOLLAR VS 1,121.6 AT PREVIOUS CLOSE

2013.07.18 09:08:40 RESEARCH: Investors looking for an imminent reduction in Fed's asset purchases may be frustrated

2013.07.18 09:08:40    RESEARCH: Investors looking for an imminent reduction in Fed's asset purchases may be frustrated

2013.07.17 21:08:33 FED SAYS RESIDENTIAL REAL ESTATE AND CONSTRUCTION ACTIVITY ADVANCING AT A MODERATE TO STRONG PACE IN ALL DISTRICTS

FED SAYS RESIDENTIAL REAL ESTATE AND CONSTRUCTION ACTIVITY ADVANCING AT A MODERATE TO STRONG PACE IN ALL DISTRICTS

2013.07.17 18:56:33 BERNANKE: CHANGE IN VALUE OF THE YEN DOES NOT OFFSET TREND OF U.S. MANUFACTURING BECOMING MORE COMPETITIVE

BERNANKE: CHANGE IN VALUE OF THE YEN DOES NOT OFFSET TREND OF U.S. MANUFACTURING BECOMING MORE COMPETITIVE

2013.07.17 18:45:33 BERNANKE: OUR INTENTION IS TO KEEP MONETARY POLICY VERY ACCOMMODATIVE FOR THE FORESEEABLE FUTURE

BERNANKE: OUR INTENTION IS TO KEEP MONETARY POLICY VERY ACCOMMODATIVE FOR THE FORESEEABLE FUTURE

Wednesday, 17 July 2013

2013.07.17 15:17:33 RESEARCH: Mild CNY appreciation trend likely to resume in 2014

Quotes from Standard Chartered:

-Local FX strength has little near-term role to play in macroeconomic rebalancing in China amid subdued domestic activity data, well-contained domestic inflation and mixed commodity prices. As global activity steadily improves into 2014 USD-AXJ more broadly may be on a downward track and China's domestic inflation outturns may deteriorate. We expect a mild CNY appreciation trend to resume in 2014. 

-We also make a modest upward adjustment to the USD-CNY profile further out, forecasting a gradual 1.9% appreciation per year between 2014 and 2017 (based on annual averages). China's productivity gains and current-account surpluses favour trend CNY appreciation, but there are also important domestic economic imbalances which create risks around this central scenario.

2013.07.17 11:10:33 ADB PRESIDENT NAKAO: FED POLICY EXPECTATIONS NOT HAVING BIG IMPACT ON ASIA FOR NOW, BUT CENTRAL BANKS IN REGION ARE VIGILANT TO POTENTIAL EFFECT

ADB PRESIDENT NAKAO: FED POLICY EXPECTATIONS NOT HAVING BIG IMPACT ON ASIA FOR NOW, BUT CENTRAL BANKS IN REGION ARE VIGILANT TO POTENTIAL EFFECT

2013.07.17 00:17:56 World Bank vows to limit financing of coal-fired plants

  • The World Bank's board on Tuesday agreed to a new energy strategy that will limit financing of coal-fired power plants to "rare circumstances," as the Washington-based global lending powerhouse seeks to address the impact of climate change.
  • In its "Energy Sector Directions Paper," updated every 10 years, the Bank said it will aim to "minimize the financial and environmental costs of expanding reliable energy supply."
  • The Bank will amend its lending policies for new coal-fired power projects, restricting financial support to countries that have "no feasible alternatives" to coal.

2013.07.17 00:25:56 ASKED IF CANADA SHARES CONCERN OVER FED TAPERING PLANS, CANADIAN OFFICIAL SAYS BACKS U.S. MEASURES TO SUPPORT ITS ECONOMY AND MANAGE IT IN ITS CURRENT STATE

ASKED IF CANADA SHARES CONCERN OVER FED TAPERING PLANS, CANADIAN OFFICIAL SAYS BACKS U.S. MEASURES TO SUPPORT ITS ECONOMY AND MANAGE IT IN ITS CURRENT STATE

Tuesday, 16 July 2013

2013.07.16 12:55:53 RESEARCH: Anxiety over Fed's QE tapering will have little influence on average oil prices in the near term

Quotes from Standard Chartered:

-Oil markets have ignored any negative impact associated with China's below-trend growth, due to (1) the relative inelasticity of oil demand to GDP in the short term, (2) China accounting 'only' for about 11% of global oil demand and (3) supply issues overwhelming demand concerns.

-We believe anxiety over QE tapering will have little influence on average oil prices in the near term as fundamentals and geopolitics dominate, though QE tapering may introduce additional volatility to oil prices.

2013.07.16 12:45:50 LAGARDE: FED, ECB, BOE, BANK OF JAPAN UNCONVENTIONAL MONETARY POLICIES HAVE HAD CONSEQUENCES ON CAPITAL FLOWS

INDIA FINANCE MINISTER SAYS CONFIDENT TO KEEP CURRENT ACCOUNT DEFICIT BELOW 4.8 PCT OF GDP IN 2013/14 WITH SOME STERN MEASURES

2013.07.16 01:07:55 Japan : July 17-July 26

  • Wednesday, July 17
  • 2350 - Bank of Japan releases minutes of its June 10-11 meeting
  • 0120 - One-year discount bill auction
  • Thursday, July 18
  • 0120 - Three-month discount bill auction
  • 0300 - Petroleum Association of Japan weekly data on crude oil, kerosene, gasoline stocks, refinery run rates.
  • Friday, July 19
  • 0130 - Government bond liquidity-enhancing auction
  • Tuesday, July 23
  • Two-month discount bill auction
  • Wednesday, July 24
  • 2350 - Trade data for June 
  • 2350 - Ministry of Finance announces customs-cleared energy imports data for June
  • 0300 - Petroleum Association of Japan weekly data on crude oil, kerosene, gasoline stocks, refinery run rates
  • Thursday, July 25
  • 2350 - Weekly capital flows data
  • 0120 - Three-month discount bill auction
  • 0130 - Twenty-year Japanese government bond auction
  • 0500 - Japan Meteorological Agency announces August-October weather forecast
  • Friday, July 26
  • 2330 - June nationwide CPI
  • 2330 - July Tokyo CPI

Monday, 15 July 2013

2013.07.15 08:24:55 USD/JPY- CONSOLIDATION SET TO EXTEND OFFSHORE, 99.05/50 OUTSIDE ASIAN RANGE - 99.17/35 FO 90% OF THE DAY, CLOUD TOP HELD - NOW SUPPORT AT 98.15 - 99.87 TENKAN LINE CAPS, STRIKES & 98.50/99.00 & 99.50 SHOULD CONTAIN OFFSHORE

USD/JPY- CONSOLIDATION SET TO EXTEND OFFSHORE, 99.05/50 OUTSIDE ASIAN RANGE - 99.17/35 FO 90% OF THE DAY, CLOUD TOP HELD - NOW SUPPORT AT 98.15 - 99.87 TENKAN LINE CAPS, STRIKES & 98.50/99.00 & 99.50 SHOULD CONTAIN OFFSHORE

2013.07.15 08:24:55 INR UNDER PRESSURE AFTER FRIDAY'S POOR IP, INFLATION, EXPORTS, USD/INR ABOVE 60 AGAIN AFTER TALK OF CHUNKY RBI INTERVENTION FRIDAY

INR UNDER PRESSURE AFTER FRIDAY'S POOR IP, INFLATION, EXPORTS, USD/INR ABOVE 60 AGAIN AFTER TALK OF CHUNKY RBI INTERVENTION FRIDAY

2013.07.15 06:42:55 USD/KRW- POSSIBLE TEST OF 61.8% FIB AT 1,115 IN DAYS TO COME - BEARS IN CONTROL, HOLDING BELOW JUNE 7 LOW AT 1,108.65 WILL TARGET MAY LOW AT 1,082.5

USD/KRW- POSSIBLE TEST OF 61.8% FIB AT 1,115 IN DAYS TO COME - BEARS IN CONTROL, HOLDING BELOW JUNE 7 LOW AT 1,108.65 WILL TARGET MAY LOW AT 1,082.5

2013.07.15 06:35:55 AUD/USD- SHORT-COVERING HAS PUSHED THE PAIR BACK RESISTANCE AROUND 0.9090, MARKET SOLD PAIR HARD ON FRIDAY DUE TO CHINA GROWTH CONCERNS

AUD/USD- SHORT-COVERING HAS PUSHED THE PAIR BACK RESISTANCE AROUND 0.9090, MARKET SOLD PAIR HARD ON FRIDAY DUE TO CHINA GROWTH CONCERNS

2013.07.12 12:37:34 SEK HIGHER ON SPECULATION OF A BID FOR SEK 50 BILLION VALUED SWEDISH MATCH, HIGHER OIL MAY AID NOK. FAILURE AT 8.0000 LEAVES PLAYERS SITTING LONG EUR/NOK, STRONG TECH SUPPORTS DRAW OUT DIP BUYERS EUR/SEK AND USD/SEK

2013.07.12 12:37:34    SEK HIGHER ON SPECULATION OF A BID FOR SEK 50 BILLION VALUED SWEDISH MATCH, HIGHER OIL MAY AID NOK. FAILURE AT 8.0000 LEAVES PLAYERS SITTING LONG EUR/NOK, STRONG TECH SUPPORTS DRAW OUT DIP BUYERS EUR/SEK AND USD/SEK

2013.07.12 12:36:34 TRADERS: COST OF DOLLARS IN PESOS, PUSHED BACK BELOW THE PSYCHOLOGICAL 13-PER-DOLLAR LEVEL, COULD CRIMP EXPORTERS' PROFITS AND SLOW GROWTH

2013.07.12 12:36:34    TRADERS: COST OF DOLLARS IN PESOS, PUSHED BACK BELOW THE PSYCHOLOGICAL 13-PER-DOLLAR LEVEL, COULD CRIMP EXPORTERS' PROFITS AND SLOW GROWTH