News Headline Summary

RANsquawk - Today's Trading Edge

NEWS: EU's Juncker says EUR exchange rate is dangerously high
REACTION: EUR/USD moved 27 pips to the downside in immediate reaction to this comment to 1.3311 from 1.3338 as EU members do not normally comment on exchange rates. In the following minutes, EUR/USD continued to move lower to trade 1.3296, down 42 pips from the initial comment. EUR/USD continued to move lower in the next 7 minutes, moving to session lows at 1.3264.

NEWS: LinkedIn (LNKD) shares are seeing weakness following the announcement that Facebook's (FB) new search allows users to search for jobs
REACTION: LNKD shares are down 1.37% from USD 117.92 to USD 116.30 following this news.

NEWS: Private equity firm Silver Lake and major investment partner, in advanced discussions with Dell (DELL)
REACTION: In an immediate reaction, Dell shares move 2.40% higher from USD 12.59 to USD 12.89.

NEWS: Fitch says the risks of Britain losing it AAA status are clearly increasing
REACTION: In reaction to these comments GBP/USD moved lower by 15 pips going from 1.6084 to 1.6069.

NEWS: BoJ to commit to 2% inflation target according to Jiji
REACTION: USD/JPY moved 18 pips higher in reaction to this news, going from 88.51 to 88.69.

NEWS: MBIA (MBI) NYSDFS denies it's request to make a Jan 15th interest payment
REACTION: Co. shares fell 6.6% immediately to a low of USD 7.79 before bouncing

NEWS: SAP (SAP GY) announces record FY and Q4 2012 non-IFRS software and software related service revenues increases 17% to EUR 13.2bln
REACTION: Co. shares moved up 2.30% in immediate reaction, traded last EUR 62.143. In a delayed reaction, company shares have now moved 8.87% lower, weighing on the Dax futures which moved `9 points lower as SAP missed estimates on various revenue readings.

NEWS: Norway Central Bank Deputy Governor says if NOK continues to be as strong as it now, that will affect interest rates
REACTION: EUR/NOK moved 139 pips higher in reaction to this news, going from 7.3593 to 7.3731.

15 Jan 2013 - 21:28 - Forex - Source: RANsquawk

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