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• EZ unemployment 11.9% vs 11.8 exp
• Cable: a contrarian view: beware the bounce
• Coming up – Eurozone Unemployment 11.8% exp
• 1.5050 cable barrier broken. Next target 1.5000
• EURGBP en route to 0.8810 retest
• Cable falls again. 1.5050 the next target
• UK news drives the dollar north – the catalyst we needed !
• 10 Year Gilt lowest since Jan 2nd at 1.919
• Cable buyers lining up between 1.5070-80
• German Bund futures up 13 ticks at 145.12 after UK data
• Cable bids at 1.5150 trashed after weak PMI data. sub 1.5100 now
• UK Mortgage approvals Jan 54.7 vs 56k exp
• UK M4 Money Supply +0.9% and Manufacturing PMI 47.9
• Range bound across the board it seems…
• Italian Unemployment rate Jan m/m 11.7 vs 11.3% exp
• Eurozone Manufacturing PMI Feb m/m 47.9 vs 47.8 exp
• German Manufacturing PMI Feb 50.3 VS 50.1 exp
• French Manufacturing PMI 43.9 vs 43.6 exp
• EURUSD fails to hold gains to 1.3100
• Italian Manufacturing PMI 45.8 vs 47.6 exp

EZ unemployment 11.9% vs 11.8 exp Posted: 01 Mar 2013 02:00 AM PST

Cable: a contrarian view: beware the bounce Posted: 01 Mar 2013 01:57 AM PST I am not suggesting the news was anything other than bad for the UK outlook; however the 1.5000 barrier is expected to be large and the first time attempt may struggle. Those liking a contrarian opinion may have an opportunity to buy with an obvious stop/reverse This does not suggest a major reversal just a quick opportunity

Coming up – Eurozone Unemployment 11.8% exp Posted: 01 Mar 2013 01:54 AM PST 10.am gmt just to add some fuel to the fire

1.5050 cable barrier broken. Next target 1.5000 Posted: 01 Mar 2013 01:53 AM PST this is getting ugly, unless you’re short of course 1.5033 low posted next target 1.5000 barrier option also

EURGBP en route to 0.8810 retest Posted: 01 Mar 2013 01:51 AM PST EURGBP H1 As Cable hits 2 1/2 yr low at 1.5053 the EURGBP is breaking midweek highs and looks to retest the 0.8800 level. Looks as if the market may have not been so short after all

Cable falls again. 1.5050 the next target Posted: 01 Mar 2013 01:45 AM PST so much for the buyers barrier option at 1.5050 now looms ever large this may have gone too far too fast but you can’t argue with what’s out there

UK news drives the dollar north – the catalyst we needed ! Posted: 01 Mar 2013 01:45 AM PST EURUSD takes out 1.3050, next stop to tests bids down from 20 to 00 USDCHF AT 0.9380 6 week high

10 Year Gilt lowest since Jan 2nd at 1.919 Posted: 01 Mar 2013 01:41 AM PST

Cable buyers lining up between 1.5070-80 Posted: 01 Mar 2013 01:39 AM PST Looks like there’s a few  out there prepared to catch that knife on its low point Im hearing talk of good bids down between 1.5070-80 low posted 1.5080

German Bund futures up 13 ticks at 145.12 after UK data Posted: 01 Mar 2013 01:35 AM PST Cable whacked to 1.5080 low and EURGBP 0.8650 USD Index at 6 moonth high at 82.00 FTSE up 0.2%

Cable bids at 1.5150 trashed after weak PMI data. sub 1.5100 now Posted: 01 Mar 2013 01:34 AM PST After holding the fall for so long one piece of bad data was enough for a real kicking. and its still going down as  1.5100 cleaned out now too stop loss selling being triggered dont try and catch a falling knife

UK Mortgage approvals Jan 54.7 vs 56k exp Posted: 01 Mar 2013 01:31 AM PST previously 56k Net lending to individuals 0.6 bln  vs 1.1 bln exp. previously 1.7 bln Mortgage lending 0.1 bln   vs 0.8 bln exp.    previously  1.04 bln BOE Consumer credit  0.4 bln   vs 0.2 bln exp.

UK M4 Money Supply +0.9% and Manufacturing PMI 47.9 Posted: 01 Mar 2013 01:30 AM PST Mfg PMI 47.9 vs revised 50.5 in Jan New Orders 46.6 vs 49.7 M4 expectation was 0.3% and last print was 0.7%; biggest rise since august ’12 Manufacturing PMI expectation was 51.0 against last 50.8 gilt futures gain 10 tics cable down on uk data M4 excluding intermediate other financial companies + 0.9% m/m

Range bound across the board it seems… Posted: 01 Mar 2013 01:19 AM PST with little enthusiasm so far in early europe. Yet again the market awaits a catalyst to get something to work with. Perhaps it’s the end of a week where many are still reeling from the moves on monday. All ideas welcome.

Italian Unemployment rate Jan m/m 11.7 vs 11.3% exp Posted: 01 Mar 2013 01:04 AM PST previously  m/m  11.2% highest level since 1992

Eurozone Manufacturing PMI Feb m/m 47.9 vs 47.8 exp Posted: 01 Mar 2013 01:00 AM PST previously  47.9 output 47.8

German Manufacturing PMI Feb 50.3 VS 50.1 exp Posted: 01 Mar 2013 12:57 AM PST previously 50.1

French Manufacturing PMI 43.9 vs 43.6 exp Posted: 01 Mar 2013 12:50 AM PST previously 43.6

EURUSD fails to hold gains to 1.3100 Posted: 01 Mar 2013 12:47 AM PST The offers up there that I mentioned have done the holding job so far after those two spikes and now the weak Italian Manufacturing PMI has given it another kick lower currently 1.3070

Italian Manufacturing PMI 45.8 vs 47.6 exp Posted: 01 Mar 2013 12:44 AM PST previously 47.8 lowest in 3 months output

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