FOREX

Good morning dear traders, my favourite crosspair EUR/USD had yesterday some strength again - it did not go into the knees as I did expect in the morning.

BEIJING, April 13 (Reuters) - Chinese President Hu Jintao told U.S. President Barack Obama that Beijing would firmly stick to its own path for reforming the yuan's exchange rate, focusing on China's economic and social development needs.

Good morning dear traders, I hope you had a fine weekend and your trading was great last Friday.

Good morning dear traders, well, it was not overwhelming with yesterday´s trading day.

Yesterdays much anticipated Australian employment report had little impact on the currency with the 19.6k new jobs created during the month of March in line with the markets expectations.

The euro approached a 2010 low against the dollar on Thursday but rebounded after the chief of the European Central Bank assured markets that Greece was in no danger of defaulting on its debt. The yen relinquished earlier gains as the reassurance by ECB President Jean-Claude Trichet on Greece eased market risk aversion, while a news report fed speculation that China may be gearing up to revalue the yuan.

Euro interbank lending rates were steady on Thursday as the European Central Bank held interest rates at record lows and gave some details on how new lending rules would work. Benchmark sterling rates were also unchanged as the Bank of England kept interest rates on hold at a record low of 0.5 percent ahead of next month's general election.

The Aussie dollar managed to hold on to the previous session's gains trading within a relatively narrow range between 0.9260 and 0.9290 for the majority of the Asian day.

A top U.S. trade official said on Wednesday he will raise industry concerns about China's indigenous innovation policies that threaten U.S. intellectual property rights when he visits Beijing next week. What we're trying to do with the Chinese is address the very serious concerns that have been raised, Deputy U.S. Trade Representative Demetrios Marantis said in remarks to the Washington International Trade Association.

Nervous long AUD positions were wound down in early Asia yesterday as the local market anticipated the conclusion of the RBA meeting and the impending interest rate decision.

The euro fell on Tuesday as reports Greece wanted to amend a European Union aid deal rekindled fear about its ability to resolve its debt crisis. The surging Canadian dollar hit parity with its U.S counterpart for the first time since mid-2008 as rising commodity prices boosted the outlook for higher Canadian interest rates.

The Aussie dollar opens this morning slightly above the 92 cent level buoyed by optimism of a continued recovery in global economic growth following upbeat U.S economic data in the form of increasing employment.

The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan. The president has spoken repeatedly and recently that China's currency must be market-based, White House spokesman Robert Gibbs told reporters. With China on holiday there was no official response from Beijing to a weekend announcement that U.S. Treasury Secretary Timothy Geithner would postpone a report due out...

The dollar retreated from a seven-month high against the yen on Monday as investors booked profits following four days of gains for the U.S. currency. Higher oil and metals prices helped propel the Canadian dollar to a 20-month high against its U.S. counterpart, leaving it within striking distance of parity, while the euro slipped. A holiday-thinned market kept trading volume light, with the UK, most euro zone countries and parts of Asia closed.

U.S. Treasury Secretary Timothy Geithner will try to strengthen bilateral ties with India during talks in New Delhi this week, but his visit may be overshadowed by Washington's tense relationship with China. Both the United States and India will be simultaneously pushing trade and foreign exchange agendas with China, as they discuss cooperation on infrastructure development and financial markets.

NEW YORK, April 1 (Reuters) - The euro rallied against the dollar on Thursday, lifted by quarterly positioning and gains in the single currency against the Swiss franc as investors looked ahead to the U.S. non-farm payrolls report. Traders cited talk of intervention by the Swiss National Bank as lifting the euro against the franc, adding there was some SNB activity in the dollar/Swiss franc pair.

The Bank of Canada on Wednesday emphasized the temporary nature of February's high inflation, a figure that has raised market expectations of an interest rate increase. Paul Jenkins, senior deputy governor at the bank, warned against reading too much into a single number and said the central bank must try to understand the real forces pushing prices higher.

The U.S. economy is still in a tough spot but is gradually regaining its balance after a series of policy mistakes that made the country weaker and less secure, Treasury Secretary Timothy Geithner said on Wednesday. We are coming back, and we are coming back faster and stronger than most people predicted -- faster and stronger than Europe and Japan, Geithner said after meeting with steel executives and union leaders here.

The director of economic policy at Brazil's central bank stepped down on Wednesday, kicking off a shuffle of the bank's board that could also include its president, Henrique Meirelles. Mario Mesquita, one of the strongest advocates of the central bank's inflation-targeting regime, left for personal reasons, the bank said in a statement. His departure had been rumored for months and was widely expected.

The New Zealand dollar is currently overvalued by 10 to 25 percent, the International Monetary Fund said on Wednesday. In a statement at the end of consultations with authorities, the IMF said the overvaluation of the currency may be temporary and the exchange rate may depreciate as the interest rate differential narrows with eventual tightening by the U.S. Federal Reserve.

PITTSBURGH, March 31 (Reuters) - U.S. Treasury Secretary Timothy Geithner expressed confidence on Wednesday that China will decide it is in its interest to make its yuan currency more flexible, but did not say when that might happen.

The Aussie Dollar was shaken yesterday after a disappointing set of retail sales figures and building approvals.

The yen continues to weaken against its major counterparts, nearing its lowest levels against the US dollar in 2010. The 2010-high for the USD/JPY was made on January 8, when the pair reached 93.76. In trading today, the pair reached a high of 93.63, but has since fallen to the 93.40 level.

However „The-Trading-Coach will relax some days and we see us again next week. Nethertheless I will give you a short update for today.

The Australian dollar advanced again for the second day against the Greenback pushed on by gains in commodities.

Consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery. The data on Tuesday came a day after news of further gains in consumer spending as Americans feel more confident about the economy. Consumer participation is critical for the durability of the recovery that started in the second half of 2009.

After a range in the morning between 1.3417 and 1.3452 there was some growing into the direction of 1.3490 with a false break-out and for the rest of the day a sideways range. Reason for that might have been yesterdays not overwhelming news. EXPECTATIONS FOR TODAY´S TRADING DAY So what can we trader expect for today?

The Aussie rallied overnight after hawkish comments from RBA Governor Glenn Stevens sparked speculation that an interest rate hike may be ahead.

The euro strengthened on Monday as debt-stricken Greece sold seven-year bonds, but investors remained anxious about the country's long-term ability to finance itself at affordable rates. After hitting a 10-month low below $1.33 last week, the euro rose above $1.35 on Monday as Greece returned to capital markets for the first time since euro zone leaders agreed to extend the southern European country a financial safety net.