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• Euro zone economic sentiment rises to 89.2 in January
• EUR/USD extends rally
• ECB’s Nowotny: EUR/USD still in range of long-term band
• UK December mortgage approvals 55,785
• Italy also goes to the market today
• EUR/GBP extends rally
• Italian Jan Mfg business confidence falls to 88.2 from 88.9 in Dec
• Cyprus President says has assurances from Russia over bailout assistance
• It’s all gone rather quiet……..
• Latest fix rumour
• USD/JPY heading towards fresh week’s highs
• How low can the yen go?
• Swiss KOF leading growth indicator falls to 1.05 in January
• Spain’s prelim Q4 GDP -0.7% q/q, -1.8% y/y
• Cable stops looming
• Germany goes to the market today…
• Why everyone hates the pound
• AUD/JPY on its way to 100?
• Pop goes the weasel; Barrier at 1.3500 blown up
• Today’s orderboard

Euro zone economic sentiment rises to 89.2 in January Posted: 30 Jan 2013 02:01 AM PST From 87.8 in December,  better than Reuters’ median forecast of 88.2.

EUR/USD extends rally Posted: 30 Jan 2013 01:48 AM PST I’m calling it the Jamie Coleman affect We’ve been as high as 1,3537, presently 1.3533. Next hurdle for euro bulls obviously the barrier option interest at 1.3550.  Sell orders noted just ahead of said interest. Not that 1.3500, 1.3505 and 1.3525 barriers proved much of a problem.  Mere speed bumps along the way…..

ECB’s Nowotny: EUR/USD still in range of long-term band Posted: 30 Jan 2013 01:46 AM PST Euro is rising on the back of  an improved economic outlook Real economic indicators  such as IFO, show an upward trend Growth rates remain weak See upwards revisions for German and Austrian GDPs

UK December mortgage approvals 55,785 Posted: 30 Jan 2013 01:35 AM PST Up from 54,011 in November and better than Reuters’ median forecast of 54,500. Highest since September 2012. December mortgage lending +£1.036 bln, better than Reuters’ median forecast of +£0.5 bln. Highest since April 2012. December consumer credit +£0.649 bln, better than Reuters’ median forecast of +£0.2 bln.

Italy also goes to the market today Posted: 30 Jan 2013 01:28 AM PST Looking to sell a total of   Eur 4.5-6.5 bln of  5 and 10 yr BTP’s Results expected around 1010GMT

EUR/GBP extends rally Posted: 30 Jan 2013 01:21 AM PST To session high .8589 amid talk European sovereign has been in buying the cross. Sounds like usual month end demand innit.

Italian Jan Mfg business confidence falls to 88.2 from 88.9 in Dec Posted: 30 Jan 2013 01:01 AM PST Also below analysts forecasts of 89.5 , but overall business confidence index rises to 79.9 from  a revised 75.6 in December

Cyprus President says has assurances from Russia over bailout assistance Posted: 30 Jan 2013 01:00 AM PST Hopes for a positive conclusion soon Reuters reporting

It’s all gone rather quiet…….. Posted: 30 Jan 2013 12:50 AM PST Quick flurry of action in EUR/USD and now we’ve gone back to sleep. From session high 1.3516 we’re back at 1.3505.  Talk real money selling helping curtail further gains. Personally, as I went for 1.3555 in the latest poll, I’m hoping it’s only temporary  Just being selfish as usual

Latest fix rumour Posted: 30 Jan 2013 12:35 AM PST Talk of 11:00 GMT fix demand for cable, apparently related to dividend payments. Take it for what you will.  Just soe’s you know it’s out there. If you’re going to take a possie on this rumour I’d keep your stop real close. At the end of the day we are talking about cable here Cable sitting quietly at 1.5750.

USD/JPY heading towards fresh week’s highs Posted: 30 Jan 2013 12:20 AM PST Recent rally’s stuttered at 91.20,with the move assisted by further gains in AUD/JPY and EUR/JPY, which stalled at 95.40 (earlier mentioned fibo level) and 123.22 respectively. EUR/JPY took out some buy stops through 123.00/10, and more now lie in wait up through 123.35. USD/JPY has resistance up towards 91.30 with some reported buy stops just above through 91.35. Above there are barriers at 91.50 and 92.00 with sizeable buy stops above each .

How low can the yen go? Posted: 30 Jan 2013 12:14 AM PST Barclays still bearish

Swiss KOF leading growth indicator falls to 1.05 in January Posted: 30 Jan 2013 12:06 AM PST From revised 1.29 in December (prev 1.28), weaker than median forecast of 1.20

Spain’s prelim Q4 GDP -0.7% q/q, -1.8% y/y Posted: 30 Jan 2013 12:01 AM PST Touch weaker than Reuters’ median forecasts of -0.6%, -1.7% respectively.

Cable stops looming Posted: 29 Jan 2013 11:57 PM PST Now being told from a reliable source that buy stops are building on a break of 1.5770. Day’s high so far has been 1.5766. Offers lie above in the 1.5790/00 zone Cable trades around 1.5764

Germany goes to the market today… Posted: 29 Jan 2013 11:52 PM PST They’re looking to sell up to Eur 2 bln of  2.5% benchmark July 2044 bunds ( p/o a total of Eur 8 bln targeted for this year) Results should be known around 1030 GMT

Why everyone hates the pound Posted: 29 Jan 2013 11:48 PM PST Business Insider. ‘The result could be to take EUR/GBP close to 0.90 before the long-term downtrend resumes’ I wonder if Kit Juckes of Soc Gen is going to be right?  I personally wouldn’t rule it out. The cross is a touch firmer this morning, up at .8575 from the .8561 which greeted me. Talk of sell orders now clustered up at .8585/00 ahead of .8600 barrier option interest.

AUD/JPY on its way to 100? Posted: 29 Jan 2013 11:33 PM PST Hard to bet against it  with an Asian high this morning of around 95.34, but some resistance seen just above at  a 76.4% retracement of the 2007-2008 (107.85-55.11) drop  around 95.40. There’s tech resistance above coming in around the 96.50 highs of  mid Aug 2008, but beyond there’s little in the way for a move to 100 seen earlier that month. That said the move does look a little overstretched at the moment so be wary of a sharp retracement at some stage Cross currently trades around 95.20

Pop goes the weasel; Barrier at 1.3500 blown up Posted: 29 Jan 2013 11:24 PM PST We sit at 1.3505 having been as high as 1.3508. Barrier at 1.3500 is history. If there was barrier interest at 1.3505 as rumoured, then it’s history too. Short fat American guy 1 – People’s Republic of China 0 Sell orders now seen clustered 1.3510/25 ahead of 1.3525 barrier option interest.

Today’s orderboard Posted: 29 Jan 2013 11:03 PM PST EUR/USD:  Bids 1.3450/60, sell stops below ahead of more bids 1.3400/20) sell stops below, Offers 1.3490/00 (1.3500 barrier, 1.3491  50% of May 2011-July 2012 fall) buy stops above through 1.3505/10, ahead of offers in front of barriers 1.3525, 1.3550 and larger at 1.3600. GBP/USD:  Bids 1.5725/35, 1.5700/10, sell stops below ahead of bids 1.5670/80. Possible sell stops below ahead of tech support /bids 1.5630/40(15 Aug low 1.5636). Offers 1.5760/75 and 1.5790/00 EUR/GBP:  Offers 0.8585/00 (0.8600 barrier?), bids 0.8525/35 and 0.8500/10 USD/JPY:   Bids 90.70/80, 90.40/50 and more 90. 00/10 Sell stops below. Offers from 91.00 layered up to 91.30, buy stops up through 91.35 ahead of offers 91.40/50 (barrier 91.50) and again ahead of a 92.00 barrier. Buy stops just above both EUR/JPY: Bids 122.20/30, 121.90/00 and 121.55/65 sell stops through 121.50, ahead of bids 120.90/00. Offers 122.90/00 (123 barrier), reported large buy stops above through 123.10 ahead of tech res 123.30/35 (2011 highs) with more buy stops above. AUD/JPY:  Bids 94.40/50, tech supp 94.10/20 sell stops through 94.00 (tenkan support at 94.04).  Offers/tech res 95.30/40 and tech res95.80/00, and 96.40/50, possible buy stops above AUD/USD:   Bids 1.0455/65 (1.0462 daily cloud top), 1.0400/20 (1.0419- 100 day MA,daily cloud base 1.0411,) sell stops through 1.0400 ahead of  bids 1.0370/85. Tch res Tenkan line 1.0481 ahead of offers 1.0490/10, buy stops above ahead of stronger offers 1.0540/50

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