Your forexlive.com ENewsletter

---

• European February PPI: 0.6% and 1.1% y/y
• GBPUSD: not a pretty picture
• EURUSD failing to bounce too far
• Order board : USDJPY
• BOE – UK lenders have reduced lending by a net £1.502bn
• EURUSD dips below 1.3000 again after weak Sentix survey
• UK Construction PMI: 46.8 Cable drops 20 points
• Eurozone Sentix Investor Confidence March -10.6 vs -5.2 exp
• EURUSD tech perspective
• Coming up : UK Construction PMI at 09.30 GMT
• Order board : European update
• Hong Kong Annual Retail Sales: up 10.5% by value, 10.4% by volume
• Apols for short absence – tech issue back asap, Mike is here !
• European equities – company news
• I almost forgot…
• London calling it ? seems no direction as the opens comes and goes
• Stock markets update
• Iwata continued: closing output gap will spur job creation…
• Spanish February Unemployment: rises 1.2%, by 59,444 hitting 5m in total
• Iwata again: if inflation expectations rise this will increase capex, weaken the yen and help exports…

European February PPI: 0.6% and 1.1% y/y Posted: 04 Mar 2013 02:00 AM PST expected 0.5% last month (january) was  - 0.2% EURUSD trading at 1.2988 after a low of 1.2982 after the Sentix data

GBPUSD: not a pretty picture Posted: 04 Mar 2013 01:50 AM PST More bad news for the UK and the initial drop of 20 points quickly became 50 to put Cable back on the rack at 1.5000. The H4 show that the recent down channel is being approached and the weekly will give you an idea where could go ! A weekly close below 1.4940 leaves some clear air with the odd hiccup down to the 1.4550 low Cable H4 Cable weekly

EURUSD failing to bounce too far Posted: 04 Mar 2013 01:49 AM PST the 1.2985 buyers are holding the fall for the moment but it’s not exactly bouncing back higher in a rush the weaker sentix survey will add weight to the argument for an ecb interest rate cut on thursday EURJPY also getting sold putting a cap on USDJPY

Order board : USDJPY Posted: 04 Mar 2013 01:42 AM PST USDJPY   bids 93.25, 93.00, 92.90 ( stop loss selling if breached ) 92.70, 92.50:   offers 93.75, 94.00 ( stop loss buying if breached ), 94.50, 95.00 ( stop loss buying if breached)

BOE – UK lenders have reduced lending by a net £1.502bn Posted: 04 Mar 2013 01:36 AM PST … since FLS’s August 2012 launch

EURUSD dips below 1.3000 again after weak Sentix survey Posted: 04 Mar 2013 01:33 AM PST EURUSD currently from 1.2996 from 1.3015 prior Buyers still reported to be waiting at 1.2985

UK Construction PMI: 46.8 Cable drops 20 points Posted: 04 Mar 2013 01:30 AM PST expected 49.0 last at 48.7 lowest print since october 2009 another nail in the sterling coffin

Eurozone Sentix Investor Confidence March -10.6 vs -5.2 exp Posted: 04 Mar 2013 01:30 AM PST previously  -3.9

EURUSD tech perspective Posted: 04 Mar 2013 01:17 AM PST Break of the 1.3000 on friday looks constructive to potentially test the 1.2840-70 region if we get further bearish impetus with comments from the european politicos. On the topside we have the break down areas of 1.3050 and 1.3150 to limit upward excitement. eurgbp h4 EURUSD Daily

Coming up : UK Construction PMI at 09.30 GMT Posted: 04 Mar 2013 01:15 AM PST Just a reminder that we have UK Construction PMI coming along at 09.30 gmt. Expecting 49.00 vs 48.7 previously Given Friday’s awful Manufacturing number, and the subsequent mayhem that ensued, it would be wise to be poised!

Order board : European update Posted: 04 Mar 2013 01:04 AM PST Here’s what I’m getting so far GBPUSD  bids 1.5000, 1.4985, 1.4965, 1.4950:   offers 1.5060, 1.5080, 1.5100 EURUSD  bids 1.2985, 1.2965, 1.2950, 1.2920, 1.2900-10, 1.2880:  offers 1.3025, 1.3040-50, 1.3080, 1.3090-1.3100. stop loss buying above 1.3110 EURJPY  bids 121.25, 121.00, 120.80, 120.25, 120.00:  offers 122.00, stop loss buying above 122.10, 122.30, 122.50, 123.00 123.20 AUDUSD bids 1.0100-10, 1.0080, 1.0070:  offers 1.0150, 1.0180, 1.0200, 1.0220, 1.0250

Hong Kong Annual Retail Sales: up 10.5% by value, 10.4% by volume Posted: 04 Mar 2013 12:55 AM PST expectation 8.6% previous 8.8%, looking for marginal slowing better than expected

Apols for short absence – tech issue back asap, Mike is here ! Posted: 04 Mar 2013 12:46 AM PST

European equities – company news Posted: 04 Mar 2013 12:33 AM PST Good morning everyone. A later start for me today as I’ll be covering into the afternoon session. I see Mr Horton has been keeping you royally entertained on what appears to have been a quiet start, so all good First up from me here’s some company news that my london equity market sources are looking at. Linde: CEO Reitzle to step down May 2014 Eads: to replace NOKIA in Euro Stoxx 50 Index on March 18th Hochtie: see €170mln from sale of services division VW: CFO says SEAT may not yet be profitable in 2013 Centrica: want partners to build £2bn Race Bank wind farm Aviva: set to post £3bn loss, cut div at Mar 6 meeting D. Tel: CEO says share px won’t return to early 2000 levels Telecom Italia: TIM likely to be sold to Cairo

I almost forgot… Posted: 04 Mar 2013 12:22 AM PST

London calling it ? seems no direction as the opens comes and goes Posted: 04 Mar 2013 12:19 AM PST The open has brought no early direction and the morning remains calm…famous last words ? GBPJPY is a tad firmer with the USDJPY 10-15 points higher than when I started, currently 140.72. GBPJPY H4 One of my favourites – a nice little channel to trade ? the 0.236 seems to be providing some support at the moment for a test of the 0.38% ? food for thought…

Stock markets update Posted: 04 Mar 2013 12:06 AM PST DAX down 0.7% CAC down 0.5% FTSE 100 down 0.4% Italy’s FTSE MIB down 0.9% Hong Kong’s Hang Seng closed down  1.5%

Iwata continued: closing output gap will spur job creation… Posted: 04 Mar 2013 12:03 AM PST …and lead to gains in wages

Spanish February Unemployment: rises 1.2%, by 59,444 hitting 5m in total Posted: 04 Mar 2013 12:00 AM PST expectation was for a change of 77.5k last month 132.1k worse than expected but not affecting the euro, EURUSD trades back above 1.30 at 1.3009

Iwata again: if inflation expectations rise this will increase capex, weaken the yen and help exports… Posted: 03 Mar 2013 11:47 PM PST and that’s why we are here ! (that bit is mine just in case you wondered…)

You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610