Your forexlive.com ENewsletter

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• EURUSD orders
• GBPUSD orders
• EURJPY orders
• Japan money starting to flow
• Talk of M&A interest boosting cable
• USDJPY orders
• Cable marches ever higher
• USD/JPY tech levels
• Italian industrial orders s/a feb: m/m EUR-2.5 bln vs -1.4 bln prev
• Eurozone current account ns/a feb: + EUR12.1 bln vs -4.5bln prev
• Cable tests 1.5350 as GBPJPY buying continues
• Yen sellers return. USDJPY posts 99.13
• European equities open higher
• Rallies running out of steam but buyers expected in dips still
• Cable breaks up through 1.5300
• USDJPY posts new recent highs of 98.80
• Gold showing early gains to USD1419
• Nikkei 225 closes up 0.73% at 13,316.48
• German PPI march: m/m -0.2% vs 0.0% exp
• Carney plays down his BOE role and says UK still a crisis economy

EURUSD orders Posted: 19 Apr 2013 01:48 AM PDT sellers 1.3100, 1.3120,1.3150, 1.3175, 1.3200 buyers 1.3045,1.3020, 1.3000, 1.2970

GBPUSD orders Posted: 19 Apr 2013 01:44 AM PDT After taking out a lot of sell orders already this morning, here’s what’s left sellers 1.5375, 1.5400, 1.5425, 1.5450 buyers 1.5330, 1.5300,1.5280,1.5250

EURJPY orders Posted: 19 Apr 2013 01:40 AM PDT sellers at  130,00, 130.40, 130.50, 131.00 buyers at 129.30,129.00,128.80,128.50, 128.00

Japan money starting to flow Posted: 19 Apr 2013 01:36 AM PDT Japans 6th largest life insurer increases foreign purchases   May well be part of the reason were so bid today. Taiyo life insurance increased it’s foreign bond holdings by Y200bn in 2012/13 financial year. Nearly half went into Canadian bonds. In contrast it reduced Japanese bond holdings by Y120bn. Added Dutch bonds in 2012/13 Adding Belgian bonds 2013/14 Yen bond holdings to stay steady or fall 2013/14 Looking to increase foreign holdings but not as much as last year

Talk of M&A interest boosting cable Posted: 19 Apr 2013 01:28 AM PDT Hearing talk that cable demand due to accelerated by merger/acquisition interest possibly relating to Verizon/Vodafone deal

USDJPY orders Posted: 19 Apr 2013 01:21 AM PDT Following on from Ryan’s t/a Sellers at 99.40, 99.50, 99.70, 100.00 ( stop loss buying if 100.10 breached) Buyers 99.00, 98.80, 98.50. 98.20

Cable marches ever higher Posted: 19 Apr 2013 01:16 AM PDT Stops triggered through 1.5350 as I suggested and now we’re at 1.5368. A case of a short squeeze on the back of GBPJPY demand.

USD/JPY tech levels Posted: 19 Apr 2013 01:13 AM PDT USD/JPY tech levels 19 April Good morning all, hope you’re all well? Looks like we’re off to the races again in this pair. After finally blowing 98.50 it’s been a one way street. Not much tech wise out there. The H4 55 ma got smoked at 98.50 the H1 200 ma was taken out as well at 98.56. Look for these to come back into play should we sell of that far. We’ve got a short term trendline underpinning things on the downside. At current money that’s down at 98.30. To the upside we’ve got fairly strong resistance at 99.48/50. No doubt as the morning progresses we’ll hear of options and sell orders coming in at 99.50. A break through there and the big ton has another bullseye on it. Update: That didn’t take long. In addition to Mike’s option board earlier I’m hearing that the 99.50 option for the US cut is $1bn.

Italian industrial orders s/a feb: m/m EUR-2.5 bln vs -1.4 bln prev Posted: 19 Apr 2013 01:09 AM PDT y/y -7.9 bln vs -3.3 bln prev

Eurozone current account ns/a feb: + EUR12.1 bln vs -4.5bln prev Posted: 19 Apr 2013 01:03 AM PDT sa+ 16.3 bln vs +15 bln exp  +14.8 bln prev net investment flow -10.6 bln vs +21.8 bln prev EURUSD a little higher at 1.3077 since the news. currently 1.3070 Apologies, I did post this at the time but it didn’t come up on the main page

Cable tests 1.5350 as GBPJPY buying continues Posted: 19 Apr 2013 12:52 AM PDT High posted 1.5444 in a rush having triggered stops through 1.5335 Larger sell interest at 1.5350 as I’ve mentioned previously. Expect more s/l buying if breached. Currently back down to 1.5333 GBPJPY 152.20 from 152.35

Yen sellers return. USDJPY posts 99.13 Posted: 19 Apr 2013 12:31 AM PDT What was I saying about demand in the dips still ?!! We’re now seeing a further wave of yen sales with USDJPY and GBPJPY leading the way at 99.13 and 151.90. ADD:  Asian sovereign demand seen in last wave of USDJPY buying, triggering stop-losses. Euro still looks soggy, possibly weighed down by Italian presidential election uncertainty. EURUSD failing to rally and EURGBP now down through good support at 0.8530 to post 0.8522 lows.

European equities open higher Posted: 19 Apr 2013 12:23 AM PDT FTSE+0.4% DAX +0.2% CAC40 +0.8% IBEX +0.9% FTMIB +1.1%

Rallies running out of steam but buyers expected in dips still Posted: 19 Apr 2013 12:18 AM PDT The first wave of yen sales has capped for the moment with good  USDJPY selling interest at 99.00 providing enough reason for caution across the board Cable posted highs of 1.5331 but sell orders have capped the move, as well as good demand on EURGBP at 0.8530. Buyers now lining up at 1.5300. EURUSD never looked overkeen to go up and although we’ve seen highs of 1.3084 we’re now back at 1.3065. AUDUSD posted highs of 1.0357 but with USDJPY stalling as well as gold falling back to USD1415 from highs of USD1425 we’re now back at 1.0339. Price action will hang on JPY pairs again and traders still look keen to buy on the dips hoping for greater momentum higher once the G20 statement is out the way and confirms that Japan will not be brought to task.

Cable breaks up through 1.5300 Posted: 18 Apr 2013 11:39 PM PDT The sell orders at 1.5300 have been finally attacked and absorbed and we’re now at 1.5308. Small sell interest at 1.5320 and larger at 1.5330 and 1.5350. Support now seen at 1.5275 and 1.5250.

USDJPY posts new recent highs of 98.80 Posted: 18 Apr 2013 11:26 PM PDT European traders are picking up the pace on yen sales, following Aso’s comments that the G20 are onside with their monetary easing, and we’ve just seen new recent highs posted of 98.80 from the 98.51 opening. JPY pairs are higher too understandably, but EURUSD and GBPUSD both struggling to go higher, giving USDJPY additional support. Sell interest still seen at 99.00

Gold showing early gains to USD1419 Posted: 18 Apr 2013 11:08 PM PDT Up from USD 1397 when I sat down two hours ago Giving AUDUSD a lift to 1.0342 and AUDJPY to 102.00

Nikkei 225 closes up 0.73% at 13,316.48 Posted: 18 Apr 2013 11:02 PM PDT up 96.41 points

German PPI march: m/m -0.2% vs 0.0% exp Posted: 18 Apr 2013 11:00 PM PDT -0.1% prev y/y  +0.4%  vs +0.7% exp  +1.2%prev Weaker than expected. EURUSD 1.3066 from 1.3072

Carney plays down his BOE role and says UK still a crisis economy Posted: 18 Apr 2013 10:04 PM PDT Following on from Adam’s post yesterday here’s a little more of BOC and incoming BOE governor Carney’s comments made last night at fringe meeting in Washington Courtesy of the The Telegraph Perhaps he’s deliberately playing down expectations, but to me he’s just saying it as it is. “The US is breaking out of the pack of crisis economies that include the eurozone, the UK and Japan."

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