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Wednesday, February 27, 2013

Your forexlive.com ENewsletter

Link to ForexLive

Euro higher after better than expected EZ economic sentiment data

Posted: 27 Feb 2013 02:06 AM PST

  • as just posted euro getting a boost from the economic sentiment idex essentially
  • sell orders seen on eurusd between 1.3110-20

Eurozone economic sentiment 91.1 vs 89.8 exp

Posted: 27 Feb 2013 02:01 AM PST

  • previously 89.2
  • EZ industrial sentiment -11.2 vs -13.2 exp
  • EZ services sentiment -5.4 vs -8.5 exp
  • euro higher on the overall news
  • eurusd 1.3106

Eurozone Business Climate feb 0.73% vs -1.04% exp

Posted: 27 Feb 2013 02:00 AM PST

  • previously -1.09 jan

Order board: USDJPY

Posted: 27 Feb 2013 01:50 AM PST

  • offers 91.90, 92.00, 92.20, 92.50 ( stop loss buying if breached ), 92.70-75, 92.85, 93.00
  • bids 91.50, 91.40, 91.20, 91.00-05, 90.85, 90.75-80

BOE MPC member Bean – sensible to review UK inflation target

Posted: 27 Feb 2013 01:44 AM PST

  • just out on the wires
  • not helping gbp currently either

add:

  • should check that the target remit is ” fit for purpose “
  • on other options the hurdle for change ” should be high”
  • speaking at Institute for Economic Affairs, London

GBP after UK GDP 2012 revised higher

Posted: 27 Feb 2013 01:39 AM PST

  • Q1 and Q3 both revised higher
  • net impact on 2012 0.2% vs 0.0% prev
  • gbpusd still around 1.5132
  • eur/gbp  still 0.8642

the upward revision for 2012 may well have been the basis of the gbp buying prior , believing it was an upwards revision to the current Q4 reading

but given it’s old news, it really isn’t so great

add: hey presto !   gbpusd lower at 1.5112  eurgbp up to 8653

 

UK GDP : as expected Q4 unrevised at -0.3%, revised up to +0.3% Y/Y

Posted: 27 Feb 2013 01:30 AM PST

  • UK Dec Services Output -0.4% Y/Y
  • Q4 Industrial Output -1.9% Q/Q, Manufacturing Output -1.3%
  • both the above steepest falls since Q1 2009
  • Q1 and Q3 revised higher: net 0.2% vs previous flat print

GBP strength 2 – better GDP cited

Posted: 27 Feb 2013 01:21 AM PST

  • you can take your pick !

GBP strength – vodafone stalling cited

Posted: 27 Feb 2013 01:19 AM PST

  • sources telling me talk of Vodafone putting their bid for Germany’s Kabel on hold reason behind this

add: cable will be running into offers between 1.5140-50

EURJPY: pressure for a continued reversal ?

Posted: 27 Feb 2013 01:15 AM PST

EURJPY Daily

Having broken the down channel at 121.00 the last couple of sessions have seen EURJPY consolidate somewhat. That level was coincidentally (?) the 0.236 from last October’s move up to last week’s high.

However the pair is breaking through the support of the 30m as I type which could start a move targeting 117.00 which I mentioned yesterday.

EURJPY 30m

I have to say that if we have the wild dip towards that 117.00 target area I believe it will attract good buyers (plus me !)

 

AUDUSD – 1.0200 barrier option popped

Posted: 27 Feb 2013 01:15 AM PST

  • 1.0191 low posted
  • currently 1.0194

Cable higher – 1.5137 posted

Posted: 27 Feb 2013 01:13 AM PST

  • eur/gbp lower  0.8638
  • i’m trying to find out more

Italian Business Confidence feb 88.5 vs 88.2 exp

Posted: 27 Feb 2013 01:05 AM PST

surely not polled this week !

Eurozone M3 money supply jan +3.5% y/y vs 3.1%

Posted: 27 Feb 2013 01:03 AM PST

add:

  • EZ private loan growth -0.9% vs -0.6 exp

 

Japan Govt upgrades economic assessment in February

Posted: 27 Feb 2013 12:55 AM PST

  • factory output stabilising
  • weakness still to remain but economy has bottomed out
  • BOJ expected to take bold steps to meet 2% inflation target
  • sentiment will improve with improving exports, economic stimulus and the impact of monetary policy

ECB’s Praet on the wires

Posted: 27 Feb 2013 12:42 AM PST

  • the longer the ECB conducts highly accomodative monetary policy the less effective such policy will be if no reforms done
  • non-standard policy measures are temporary, we can reverse current situation of abundant liquidity
  • if CB buys time with crisis action, risk that reforms will be delayed or postponed
  • sees ‘green shoots’ of a nascent recovery

Trading Ideas – if you have any !

Posted: 27 Feb 2013 12:34 AM PST

Why not share with your comrades in arms ? Post them on this thread.

Order board: GBPUSD

Posted: 27 Feb 2013 12:28 AM PST

  • offers  1.5120, 1.5135, 1.5145-50, 1.5180, 1.5220, 1.523o-35, 1.5250
  • bids  1.5080, 1.5050 ( barrier option ), 1.5020, 1.5000-10, 1.4980 ( stop loss selling below )

Not sure what they’re all waiting for…

Posted: 27 Feb 2013 12:20 AM PST

What a painfully slow start.

Who wants me to wake it all up by posting the ” it’s all gone quiet” headline ?!

or are you all happy to have a breather after the fun and games of the last few days ?

Order board: EURUSD

Posted: 27 Feb 2013 12:16 AM PST

what i’m hearing so far

  • offers  1.3100, 1.3110, 1.3120-25, 1.3150
  • bids  1.3050, 1.3040,1.3030, 1.3000-10, 1.2985-90 ( stop loss selling if breached )

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