Your forexlive.com ENewsletter

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• Euro dips on lower inflation reading
• Italian April CPI 0.3% vs 0.6% exp m/m. 1.3% vs 1.6% y/y
• Eurozone unemployment rate march: 12.1% vs 12.1% exp
• Italian April consumer prices 0.1% vs 0.2% exp m/m
• Eurozone inflation flash april: y/y 1.2% vs 1.6% exp
• EURGBP orders
• Italian minister: Not feasible to seek new deficit limit from EU
• Gold taking a pop. Up $17 in quick time
• UK mortgage approvals march:53.5k vs 52.5k exp
• UK March consumer credit +0.50bn vs +0.50bn exp
• UK mortgage lending march: +0.40 bln vs 0.60 bln exp
• UK March money supply -0.9% vs -0.50% prior
• GBPUSD orders
• EURJPY orders
• Italian unemployment rate march: 11.5% vs 11.7% exp
• German unemployment total april: nsa 3.020 mln vs 3.00 mln exp
• German unemployment rate april: 6.9% vs 6.9% exp
• German unemployment change april: sa +4k vs +2k exp
• Trading Ideas
• EURUSD orders

Euro dips on lower inflation reading Posted: 30 Apr 2013 02:04 AM PDT Adding to the case for an ECB rate cut on Thursday EURUSD dipped to 1.3054 but ran into good support again.Now 1.3065 EURGBP  and EURJPY lower at 0.8430 and 127.60 but off the 0.8425 and 127.45 lows

Italian April CPI 0.3% vs 0.6% exp m/m. 1.3% vs 1.6% y/y Posted: 30 Apr 2013 02:00 AM PDT m/m prior 2.3% y/y prior 1.8% Another eurozone member posting lower inflation. The case for a rate cut  increases. The decision the ECB has is that in light of falling inflation do they cut rates before or after their target is met? EUR/USD posts a low of 1.3053 before recovering to 1.3068

Eurozone unemployment rate march: 12.1% vs 12.1% exp Posted: 30 Apr 2013 02:00 AM PDT 12% prev

Italian April consumer prices 0.1% vs 0.2% exp m/m Posted: 30 Apr 2013 02:00 AM PDT Prior 0.2% y/y 1.2% vs 1.4% exp. Prior 1.6%

Eurozone inflation flash april: y/y 1.2% vs 1.6% exp Posted: 30 Apr 2013 02:00 AM PDT 1.7% prev

EURGBP orders Posted: 30 Apr 2013 01:49 AM PDT Option expiry today at 0.8475 which has raised some interest but it’s not large so I think the rally has been more month-end buying related. Currently back down to 0.8437 Sellers 0.8480,08500,0.8525,0.8550,0.8580,0.8600 Buyers 0.8430,0.8410, 0.8400.0.8390 ( stop loss selling if breached)

Italian minister: Not feasible to seek new deficit limit from EU Posted: 30 Apr 2013 01:46 AM PDT Especially after your new PM stated they will meet all their commitments to Europe.

Gold taking a pop. Up $17 in quick time Posted: 30 Apr 2013 01:40 AM PDT Looking for reason for the move but coming up blank at the moment. We could have some end of month position adjustment.

UK mortgage approvals march:53.5k vs 52.5k exp Posted: 30 Apr 2013 01:30 AM PDT 51.7k prev Slightly better but still at low levels GBPUSD little changed at 1.5496

UK March consumer credit +0.50bn vs +0.50bn exp Posted: 30 Apr 2013 01:30 AM PDT Prior 0.60bn

UK mortgage lending march: +0.40 bln vs 0.60 bln exp Posted: 30 Apr 2013 01:30 AM PDT 0.80 bln prev revised down from 0.90 bln

UK March money supply -0.9% vs -0.50% prior Posted: 30 Apr 2013 01:30 AM PDT Excluding intermediate other financial companies +0.3% from -0.2% prior. Lending to individuals  +0.9% from +1.3% prior Lending to non financial businesses -0.6% from -2.0% A drop in lending to individuals is countered by an increase in lending to non financial business although business lending is still in negative territory.

GBPUSD orders Posted: 30 Apr 2013 01:22 AM PDT UK lending data coming up at the bottom of the hour.. Here’s whats out there Sellers 1.5515,1.5550,1.5575,1.5600 Buyers 1.5470,1.5450,1.5425,1.5415,1.5400

EURJPY orders Posted: 30 Apr 2013 01:14 AM PDT Sellers 128.25,128.50,128.75,129.00,129.50,130.00 Buyers 127.50,127.30,127.00, 126.50

Italian unemployment rate march: 11.5% vs 11.7% exp Posted: 30 Apr 2013 01:00 AM PDT 11.6% prev

German unemployment total april: nsa 3.020 mln vs 3.00 mln exp Posted: 30 Apr 2013 12:56 AM PDT 3.1 mln prev sa total  2.938 mln vs 2.935 mln

German unemployment rate april: 6.9% vs 6.9% exp Posted: 30 Apr 2013 12:56 AM PDT 6.9% prev

German unemployment change april: sa +4k vs +2k exp Posted: 30 Apr 2013 12:55 AM PDT +13k prev Slightly worse than forecast but EURUSD little changed at 1.3078. Eurozone unemployment awaited at 09.00 GMT

Trading Ideas Posted: 30 Apr 2013 12:40 AM PDT As we head into the next hour of data releases here’s a thread for your trading thoughts and ideas given the early European moves Reasons welcome as always

EURUSD orders Posted: 30 Apr 2013 12:25 AM PDT The sell interest between 1.3120-30 that I mentioned earlier has capped the rally once again. EURUSD now down to 1.3070. Buyers seen at 1.3050-60 Sellers 1.3110, 1.3120,1.3130, 1.3150,1.3170,1.3200 Buyers 1.3060,1.3050, 1.3030, 1.3015,1.3000,1.2980,1.2950

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