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• German IFO business climate march: 106.7 vs 107.6 exp
• USDJPY still grinding lower at 94.27
• Order board: EURGBP
• ECB’s Kranjec: says Slovenia can still avoid bail-out
• Cyprus: Merkel says she wants them to stay in eurozone
• Order board: GBPUSD
• Cyprus: Merkel tells her parliament that Cyprus is a matter of credibility
• Order board: EURUSD
• European equities open lower
• French business climate march: 90 vs 91 exp
• Cyprus: russian fin min says they did not discuss providing a new loan
• Trading ideas
• OECD forecasts China’s gdp to rise 8.5% in 2013
• Cyprus: fin min flying home after failed talks
• Cyprus: talk that fin min says russia deal has collapsed
• Nikkei closes lower by 2.35% at 12,338.53
• UK press: a little light reading while we wait
• Option expiries 10 am NY cut
• ForexLive Asia wrap: No news out of Europe today so the Asian timezone sat on its hands
• 3 Australian government ministers resign/sacked

German IFO business climate march: 106.7 vs 107.6 exp Posted: 22 Mar 2013 02:00 AM PDT 107.4 previously IFO current conditions  109.9  vs 110.4  exp    110.2 prev IFO expectations  103.6 vs 104.9 exp  104.60 prev EURUSD lower at 1.2895 on the weaker reading

USDJPY still grinding lower at 94.27 Posted: 22 Mar 2013 01:58 AM PDT This pair has featured a lot in the chat room this morning, and I said earlier that the risk was to the downside Strong support and bids between 94.30-40 have been breached. More bids at 94.00

Order board: EURGBP Posted: 22 Mar 2013 01:53 AM PDT offers  0.8530, 0.8570, 0.8600, 0.8620, 0.8650,0.8680, 0.8700 bids  0.8480, 0.8450, 0.8400-10

ECB’s Kranjec: says Slovenia can still avoid bail-out Posted: 22 Mar 2013 01:41 AM PDT very sure they will not get into a situation like Cyprus Let’s hope not

Cyprus: Merkel says she wants them to stay in eurozone Posted: 22 Mar 2013 01:32 AM PDT but Cyprus must realise its current business model is dead more from reuters sources

Order board: GBPUSD Posted: 22 Mar 2013 01:29 AM PDT offers  1.5195,1.5200, 1.5210,1.5220,1.5245-55,1.5280,1.5300 bids  1.5160, 1.5125, 1.5100, 1.5045,1.5025,1.5000-10

Cyprus: Merkel tells her parliament that Cyprus is a matter of credibility Posted: 22 Mar 2013 01:17 AM PDT says she can not accept cypriot nationalisation of pension funds debt sustainability and bank restructuring must be key elements of bail-out deal

Order board: EURUSD Posted: 22 Mar 2013 01:12 AM PDT offers  1.2925,1.2950,1.2970-80,1.2995-00,(stop loss buying if 1.3010 breached), 1.3050, 1.3075 bids  1.2880,( stop loss selling if 1.2870 breached), 1.2850, 1.2825

European equities open lower Posted: 22 Mar 2013 01:08 AM PDT FTSE  -0.1% DAX -0.2% CAC40 -0.1% IBEX -0.2% FTMIB -0.3%

French business climate march: 90 vs 91 exp Posted: 22 Mar 2013 12:47 AM PDT 90 previously

Cyprus: russian fin min says they did not discuss providing a new loan Posted: 22 Mar 2013 12:24 AM PDT on reuters… he’s kidding right ? says talks with Cyprus “have finished” Russian investors were not interested in cypriot proposal to invest in gas reserves Russia will wait on EU/Troika deal before considering how it might participate

Trading ideas Posted: 22 Mar 2013 12:19 AM PDT Ok, I know you’re all bursting to tell us what you got planned for today ( apart from an early trip to the pub) so why not post them here. The Cypriot parliament vote ( if it happens ) and the on-going farce all considered, please feel free to give your strategy reasons but, as usual, it’s not obligatory

OECD forecasts China’s gdp to rise 8.5% in 2013 Posted: 22 Mar 2013 12:12 AM PDT 8.9% in 2014

Cyprus: fin min flying home after failed talks Posted: 22 Mar 2013 12:04 AM PDT so says reuters now Cypriot Finance Minister Michael Sarris was due to fly home from Moscow on Friday after failing to win fresh support in two days of crisis talks with Russia on prolonging a bailout loan and a possible new financing package. Talks with Russian Finance Minister Anton Siluanov broke up overnight without even an agreement to extend an existing 2.5 billion euro ($3.2 billion) Russian loan to the Mediterranean island, said two sources familiar with the talks.

Cyprus: talk that fin min says russia deal has collapsed Posted: 21 Mar 2013 11:17 PM PDT I’m not seeing it on my newswires but there are a few places ( and links from the chat room) reporting that Sarris has said his talks with russia have failed, and that was the reason for EUR dip just now I’ll keep loooking around and report back

Nikkei closes lower by 2.35% at 12,338.53 Posted: 21 Mar 2013 11:04 PM PDT down 297.16 points

UK press: a little light reading while we wait Posted: 21 Mar 2013 10:56 PM PDT Good day everyone Well, it’s been a week and a half eh? and it’s not over yet by a long way but while we wait for the markets to crank up here’s a little light reading Have a good day’s trading and good luck!

Option expiries 10 am NY cut Posted: 21 Mar 2013 10:43 PM PDT USDJPY 94.75,95.00,95.50,95.60,96.00,97.00,98.00, EURUSD 1.2850,1.2900, 1.2950, 1.2960, 1.3000 GBPUSD 1.5100, 1.5200,1.5300 USDCHF 0.9500 AUDUSD 1.0250,1.0265,1.0325,1.0390,1.0400,1.0420 AUDNZD 1.2500 USDCAD 1.0200,1.0250 EURGBP 0.8550 GBPCHF 1.4350 EURJPY 123.00

ForexLive Asia wrap: No news out of Europe today so the Asian timezone sat on its hands Posted: 21 Mar 2013 10:01 PM PDT The forex trading headlines for Asia trading today ANZ NZ Job Ads (February) +1.0% m/m (vs. -0.6% prior) Conference Board Australia Leading Index +0.2% for January (vs. -0.1% prior) Japan's finance Minister Aso was reported as saying "It will take time for prices to rise", more or less reiterating what he said yesterday. On the other hand, Japan's economy minister Amari said he hopes the 2% inflation goal will be achieved in 2 years Japan PM Abe said he is not bound by 44 Tln yen cap on new bond issuance MNI Flash China Business Sentiment Indicator for March 58.39 (vs. 60.98 prior) It was the quietest day of a quiet week in the Asian timezone. EUR/USD had a 20 point range, drifting a little higher as we awaited further developments in Europe on the Cyprus situation. There was no new news from the Americas session. GBP/USD, AUD/USD and NZD/USD all very, very quiet in tight ranges. Yen crosses, too, failed to move; USD/JPY straddled 94.95 for pretty much the entire day.

3 Australian government ministers resign/sacked Posted: 21 Mar 2013 09:04 PM PDT After yesterday’s leadership nonevent 3 4 Australian government ministers have each spit the dummy and either resigned or been sacked. AUD/USD yawns and says “Tell someone who cares”. 1.0424/27, barely changed on the session. ADDED 0438GMT: Its up to 4 now. AUD/USD still doesn’t care.

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