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EURUSD finding good offers above 1.3370
Cable back to 1.5480- Middle East names buying
Asian sovereign buying – EURJPY prime mover
Euro higher – more sovereign buying cited
ECB President Draghi up later at 14.30 gmt
Eurozone December Current Account balance eur 27 b v 20.8 b in Nov
Cable steadies after stops triggered through 1.5450
Eurozone current account data coming up at 09.00 gmt
Sovereign names buying EURUSD
More GBPUSD bids lining up at 1.5420 & 1.5400
Cable pops 1.5450..
Good two-way business on GBPUSD
GBPUSD finds early sellers. Barrier option interest at 1.5450 next stop ?
USDJPY pops back up over 94.00
Ideas Corner
Order board- EURUSD
Come tell it one and all…Who’s talking today….
Little data and a US holiday but will the market take a pause for breath..?
Order board- AUDUSD
Option expiries – 10 am NY cut

EURUSD finding good offers above 1.3370

Posted: 18 Feb 2013 01:58 AM PST

I’m hearing that the SNB could be unloading a few of their many Euros again up there/here

Cable back to 1.5480- Middle East names buying

Posted: 18 Feb 2013 01:52 AM PST

GBPUSD having a decent recovery helped by some decent buying interest from Middle East names

Talk of good offers between 1.5500-10

I did say there was good two-way interest !

Asian sovereign buying – EURJPY prime mover

Posted: 18 Feb 2013 01:35 AM PST

Talk of giant panda driving this pair forcing Eur higher across the board

125.91 high posted from 125.46

Strong offers reported 125.90-00

Euro higher – more sovereign buying cited

Posted: 18 Feb 2013 01:30 AM PST

EURUSD up to 1.3375 after the buying down at 1.3320-5 from sovereign names that we reported

Asian sovereign buying again driving this higher we hear

ECB President Draghi up later at 14.30 gmt

Posted: 18 Feb 2013 01:22 AM PST

You can follow proceedings here

http://www.europarl.europa.eu/ep-live/en/committees/video?event=20130218-1530-COMMITTEE-ECON

also a few others speaking before then.. check out my earlier post for details..

http://www.forexlive.com/blog/2013/02/18/come-tell-it-one-and-all-whos-talking-today/

Eurozone December Current Account balance eur 27 b v 20.8 b in Nov

Posted: 18 Feb 2013 01:02 AM PST

EZ December Current nsa account balance for November revised up 20.8 from 19.8 in November
sa December balance + eu 13.7 b versus +13 bio ( revised up from 12.6 b )

Add: The data wasn’t expected to have much impact and so its proved

EURUSD a tad lower at 1.3334

Cable steadies after stops triggered through 1.5450

Posted: 18 Feb 2013 12:57 AM PST

Cable trading back at 1.5460 after posting 7 month lows at 1.5438.

Good two-way business still.

Eurozone current account data coming up at 09.00 gmt

Posted: 18 Feb 2013 12:49 AM PST

Coming up shortly

Plus EZ net investment flows

Last time Eur 19.8 b and 26.2 b respectively

Sovereign names buying EURUSD

Posted: 18 Feb 2013 12:33 AM PST

Talk of sovereign names on the bid just now in the 1.3320-25 buying order area I mentioned earlier.

More GBPUSD bids lining up at 1.5420 & 1.5400

Posted: 18 Feb 2013 12:30 AM PST

Hearing talk of more bids on cable at 1.5420 and another barrier option interest at 1.5400.

Seems like bids and barriers have just been a magnet so far but we’ve come a decent way already this morning.

Cable pops 1.5450..

Posted: 18 Feb 2013 12:22 AM PST

Well, I did say it looked a little heavy on that last rally……..

Good two-way business on GBPUSD

Posted: 18 Feb 2013 12:10 AM PST

Seems like those bids I mentioned between 1.5450-60 are giving a little support but it still feels heavy to me, witnessing that rally above 1.5480 just now.

I will resist the temptation to have a mini-poll of which we will see first, 1.5440 or 1.5490, but it’s a close call huh ?

GBPUSD finds early sellers. Barrier option interest at 1.5450 next stop ?

Posted: 17 Feb 2013 11:47 PM PST

Cable has seen some early sellers testing previous recent lows.

Bids reported at 1.5460 and then more ahead of reported barrier option interest at 1.5450.

USDJPY pops back up over 94.00

Posted: 17 Feb 2013 11:28 PM PST

Early buyers of USDJPY

Currently 94.09 having briefly dipped below 93.90.

Talk of good selling interest around 94.20 still.

Ideas Corner

Posted: 17 Feb 2013 11:14 PM PST

Ok, as Europe starts to open up what do our wonderful ForexLive readers and traders think ?

Post your thoughts/trade ideas here.

Order board- EURUSD

Posted: 17 Feb 2013 10:46 PM PST

Hearing the following orders in the immediate vicinity on this pair :

Offers at 1.3365-80, with some stop loss buying above if breached
Bids 1.3320-25 with stop loss selling below if breached

Will bring more to you as I hear them.

Come tell it one and all…Who’s talking today….

Posted: 17 Feb 2013 10:39 PM PST

And following on from my last post here’s a few of the EU notables uttering forth today…

GMT

09.00 -ECB’s Nowotny speaks in Vienna
10.00- Bundesnbank member Dombret speaks in Hamburg
11.00- Bundesbank scheduled to release its latest monthly report
14.30- ECB President Draghi appears before the Economic and Monetary Affairs Committee
16.30- German Chancellor Merkel speaks at the Chamber of Industry & Commerce Rheinhessen in Mainz.

Little data and a US holiday but will the market take a pause for breath..?

Posted: 17 Feb 2013 10:31 PM PST

Given the fun and games of last week, we begin this one with little in the way of data out today, and the US on holiday for President’s Day.

So we might reasonably see a quieter session, except that experience tells us always to expect the unexpected with various EU notables speaking today including Mr Draghi, and I’m sure we’ll have some post-G20 rhetoric thrown in at some point.

Plenty going on out there still to keep us on our toes………