Your forexlive.com ENewsletter

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• Order board: EURGBP
• Order board: GBPUSD
• Cyprus: Sarris says he “thinks” the banks will re-open on Thursday
• Order board: AUDUSD
• Order board: EURUSD
• French consumer confidence march: 84 vs 85 exp
• Cyprus: ECB’s Couere says cyprus not a new model for europe
• N Korea says it will enter combat posture to target US mainland bases
• Cyprus: Piraeus banks says it expects to sign deal to take over cypriot banks in Greece by noon today
• Nikkei closes down 0.6% at 12471.62
• US Fed’s Fisher: confident that US growth will continue at 2-3%
• UK press: Cyprus,King and a teenage millionaire
• Option expiries10am NY cut
• Japan March small business confidence 49.7 (vs. prior of 46.0)
• ForexLive Asia wrap: BOJ head Kuroda spoke in the Diet today ahead of the April 3 & 4 BOJ policy meeting
• RBA’s Stevens: Comments so far of little direct relevance to FX
• Kuroda to appear before Japan parliament upper house on March 28
• RBNZ: Monetary policy cannot influence real exchange rate
• RBA’s Glenn Stevens speaking at 0445GMT
• Incoming data at 0400GMT: Japan March small business confidence

Order board: EURGBP Posted: 26 Mar 2013 02:00 AM PDT offers 0.8485, 0.8495-00, 0.8535,0.8560,0.8570,0.8600 bids 0.8440-50,0.8410

Order board: GBPUSD Posted: 26 Mar 2013 01:53 AM PDT offers 1.5200-10, 1.5220,1.5250,1.5280,1.5300,1.5320,1.5350 bids 1.5160, 1.5140,1.51235,1.5100,1.5050

Cyprus: Sarris says he “thinks” the banks will re-open on Thursday Posted: 26 Mar 2013 01:48 AM PDT thanks for that insight quoted in bbc radio interview just now also says losses on bank deposits could be ” around” 40%

Order board: AUDUSD Posted: 26 Mar 2013 01:41 AM PDT This pair has just posted a 2 month high of 1.0481 after failing to break up through 1.0480 yesterday.. Good size selling interest at 1.0490-00 still curbing the enthusiasm for the moment but plenty of support in the dips still. offers 1.0490-00, 1.0520-30, 1.0550, 1.0590-00 bids 1.0450, 1.0435, 1.0420,1.0400,1.0385, 1.0365

Order board: EURUSD Posted: 26 Mar 2013 01:18 AM PDT As sellers start to dominate again at 1.2845 from 1.2885 here’s what’s out there with the banks offers 1.2890-1.2900, 1.2920, 1.2950,1.3000,1.3020,1.3050,1.3075 bids 1.2825, 1.2800, ( both barrier option related), 1.2750,( large option expiry at 14.00 gmt here) 1.2725

French consumer confidence march: 84 vs 85 exp Posted: 26 Mar 2013 12:46 AM PDT 86 previously

Cyprus: ECB’s Couere says cyprus not a new model for europe Posted: 26 Mar 2013 12:27 AM PDT says Dijsselbloem was wrong sees no risk of new turbulence in eurozone no reason to think french banks have same problems as cyprus better to keep cyprus banks closed while work is being done says the cyprus problem shows the need for ecb to be independent supervisor of banks in europe EUR a little firmer at 1.2882 and 121.48

N Korea says it will enter combat posture to target US mainland bases Posted: 26 Mar 2013 12:04 AM PDT just in case we didn’t have enough to worry about. Posture may well be the appropriate word here but it’s not a pretty backdrop to world events the move is in retaliation for alleged US bomber sorties US targets will include mainland bases on Hawaii and Guam ( lets hope it’s just posturing as our valued reader Colin is currently on vacation there ) China urges restraint

Cyprus: Piraeus banks says it expects to sign deal to take over cypriot banks in Greece by noon today Posted: 25 Mar 2013 11:21 PM PDT

Nikkei closes down 0.6% at 12471.62 Posted: 25 Mar 2013 11:06 PM PDT

US Fed’s Fisher: confident that US growth will continue at 2-3% Posted: 25 Mar 2013 10:51 PM PDT speaking in Abu Dhabi repeats call for reduced bond buying says US economy slowly starting to move forward but not accelerate says businesses are strong,balance sheets restructured. now need sense of clarity and direction sees enormous amount of acquisition activity by US companies in europe and emerging markets Cyprus case is unique.was a depository for hot money the difficulty in Cyprus rescue is what it signals to other depositors around the world as depositors run economies real problem in us economy is fiscal, not monetary, policy.

UK press: Cyprus,King and a teenage millionaire Posted: 25 Mar 2013 10:46 PM PDT All courtesy of the london commuter freebie

Option expiries10am NY cut Posted: 25 Mar 2013 10:31 PM PDT Good day everyone Whilst I recover from the delightful shock of our cricketers forcing a test and series draw against the Kiwis here’s the option expiries for later As always, just use them as you wish. They are not meant to design your strategy, merely colour it. USDJPY  94.30,94.50,94.70,95.00,95.20,95.50,96.00,97.00,97.00 EURUSD 1.2750,1.2800,1.2805,1.2810,1.2815,1.2950,1.3000,1.3030 GBPUSD 1.5000,1.5130,1.5175,1.5200 AUDUSD 1.0225,1.0300,1.0400,1.0450,1.0475 NZDUSD 0.8280 EURJPY 119.60,120.20 AUDJPY 98.00 GBPJPY 144.50

Japan March small business confidence 49.7 (vs. prior of 46.0) Posted: 25 Mar 2013 10:04 PM PDT

ForexLive Asia wrap: BOJ head Kuroda spoke in the Diet today ahead of the April 3 & 4 BOJ policy meeting Posted: 25 Mar 2013 10:01 PM PDT The forex trading headlines for Asia trading today New BOJ head Kuroda spoke before the Japanese parliament today. He did not say anything of surprise to the markets, reiterating various points: BOJ will do whatever it takes to end deflation BOJ has not been buying enough in terms of size, type of asset Will consider extending bond maturities – increasing purchases of long term bonds Will consider scrapping banknote rule Hard to set nominal GDP as policy target Wants to Achieve BOJ's 2% Price Target in Two Years Kuroda will now appear before Japan parliament's upper house on March 28 South Korea Q4 GDP revised lower to +0.3% q/q (vs. +0.4% expected) Cyprus banks to remain closed until Thursday (28 March) New Zealand February trade balance came in much above expectations at +414m (vs. -12m expected) New Zealand February exports 3.91bn (vs. 3.55bn expected) New Zealand February imports 3.49bn (vs. 3.58bn expected) RBNZ said it is reviewing housing loan capital adequacy requirements RBA Governor Glenn Stevens gave a speech today: “Financial Regulation:Australia in the Global Landscape”; there was nothing of relevance to monetary policy or FX EUR/USD traded in a dead range today after all the activity in European and American markets. GBP/USD, too had a nothing range. AUD and NZD were both very quiet – trading a few points lower as the Shanghai composite came off a little in the morning session (there was a rumour of a Chinese rate hike doing the rounds but the source was not the most credible, seemed to be just chatter) USD/JPY was the mover today – it initially fell a little as Kuroda began his testimony and Q&A before parliament, but found support just below 94.00 and traded as high as 94.46 before settling sideways for the rest of the day.

RBA’s Stevens: Comments so far of little direct relevance to FX Posted: 25 Mar 2013 09:48 PM PDT Steven’s comments so far are about Australia taking on responsibility for reform processes as G20 chair. There may be more relevant comments to come, maybe in a Q&A,  staying tuned.

Kuroda to appear before Japan parliament upper house on March 28 Posted: 25 Mar 2013 09:17 PM PDT To discuss the BOJ’s semi-annual report

RBNZ: Monetary policy cannot influence real exchange rate Posted: 25 Mar 2013 09:13 PM PDT From the RBNZ cheif economist McDermott in a paper on its website. Comment reported on newswires. Also: Policy may take out the worst of the peaks and troughs Non-monetary polices could reduce the exchange rate

RBA’s Glenn Stevens speaking at 0445GMT Posted: 25 Mar 2013 09:08 PM PDT The speech, like so many of Stevens’ utterings, will be closely examined by the market for signs of the next move on interest rates over the next 12 months.

Incoming data at 0400GMT: Japan March small business confidence Posted: 25 Mar 2013 08:37 PM PDT Prior was 46.0 Source Bloomberg

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