Your forexlive.com ENewsletter

---

• Eurozone producer prices feb: m/m +0.2% vs +0.1% exp
• Spanish auction results: EUR 4.3 bln take-up vs 3-4 bln target
• Trading Ideas
• UK Services PMI march: 52.4 vs 51.5 exp
• Stand by for UK services PMI at 08.28 gmt
• USD Index posts 8-month highs of 83.36
• Cable takes out the 1.5050 buy-orders to post new lows
• EUR lower again after weak services PMI data
• Order board: AUDUSD
• Eurozone Services PMI march: 46.4 vs 46.5 exp
• German Services PMI march: 50.9 vs 51.6 exp
• French Services PMI march: 41.3 vs 41.9 exp
• Italian Services PMI march: 45.5 vs 43.5 exp
• BOJ ‘s Kuroda: no concern over asset or JGB bubble
• Spanish Services PMI march: 42.5 vs 40.1 prev
• Cable breaks down through 1.5070 support
• European equities open mostly higher
• Also coming up in this session
• Japan fin min says appropriate to call BOJ measures quantative and qualitative
• USDJPY up through 95.25 triggering EURJPY stop-loss buying

Eurozone producer prices feb: m/m +0.2% vs +0.1% exp Posted: 04 Apr 2013 02:00 AM PDT +0.6% prev y/y +1.3% vs +1.5% exp +1.9% prev

Spanish auction results: EUR 4.3 bln take-up vs 3-4 bln target Posted: 04 Apr 2013 01:54 AM PDT Euro picking up a few buyers, but yields on bonds lower again so not gettin too excited

Trading Ideas Posted: 04 Apr 2013 01:41 AM PDT Ok, while I step away for 5 minutes to make a tea let’s be having your trading ideas in this thread. Reasons useful as always

UK Services PMI march: 52.4 vs 51.5 exp Posted: 04 Apr 2013 01:28 AM PDT 51.8 prev This is the one that generally bails the UK out of the mire Cable up 15 ticks to 1.5080 but muted reaction really suggesting the pair still has selling interest Markit says this week’s PMI data should produce +0.1% uk GDP and avoid triple dip recession.. hardly going to move us forward though.. since when has 0.1% growth been a wow factor ?

Stand by for UK services PMI at 08.28 gmt Posted: 04 Apr 2013 01:26 AM PDT

USD Index posts 8-month highs of 83.36 Posted: 04 Apr 2013 01:17 AM PDT This basket seems to be leading the way

Cable takes out the 1.5050 buy-orders to post new lows Posted: 04 Apr 2013 01:12 AM PDT This pair continues its downward path.. new lows since the budget day dip. now posted 1.5035. Strong buying interest at 1.5000

EUR lower again after weak services PMI data Posted: 04 Apr 2013 01:09 AM PDT Weaker data has undermined the euro in the past 30 mins EURUSD down to 1.2784 from 1.2820.  1.2750 still holds the key to further losses. EURGBP 0.8502 from 0.8518.. EURJPY also lower at 122.16 Can’t expect too much more ahead of ECB but we’ll see continuing volatility.

Order board: AUDUSD Posted: 04 Apr 2013 01:05 AM PDT This pair has come in for a sell this morning despite AUDJPY demand. Here’s what’s out there now with strong demand right here at 1.0400-10 offers  1.0445, 1.0475,1.0490, 1.0500, 1.0520, 1.0550 bids  1.0400, 1.0385,1.0365, 1.0350

Eurozone Services PMI march: 46.4 vs 46.5 exp Posted: 04 Apr 2013 12:58 AM PDT 46.5 prev composit 46.5 vs 46.5 prev

German Services PMI march: 50.9 vs 51.6 exp Posted: 04 Apr 2013 12:53 AM PDT 51.6 prev composite 50.6 vs 52.7 prev

French Services PMI march: 41.3 vs 41.9 exp Posted: 04 Apr 2013 12:48 AM PDT 43.7 prev revised up from 42.1 composite 41.9  vs 43.1   prev revised up from 42.1

Italian Services PMI march: 45.5 vs 43.5 exp Posted: 04 Apr 2013 12:44 AM PDT 43.6 prev

BOJ ‘s Kuroda: no concern over asset or JGB bubble Posted: 04 Apr 2013 12:39 AM PDT press conference was embargoed again.. details coming out now no concern over a surge in long-term interest rates now JGB buying aimed at hitting 2% inflation target hopes inflation expectations to rise will change policy steps without hesitation if needed BOJ has changed policy framework no intention to help govt financing accepts that monetary easing tends to weaken currency ( shock! )

Spanish Services PMI march: 42.5 vs 40.1 prev Posted: 04 Apr 2013 12:28 AM PDT highest since december

Cable breaks down through 1.5070 support Posted: 04 Apr 2013 12:24 AM PDT EURGBP demand with stop-loss buying through 0.8510 giving weight to further GBPUSD selling and the growing feeling that the BOE might actually add some QE today. Low posted 1.5058.. currently 1.5068.. bids seen at 1.5050

European equities open mostly higher Posted: 04 Apr 2013 12:05 AM PDT FTSE  flat DAX + 0.4% CAC40 +0.4% IBEX +0.8% FTMIB +0.5%

Also coming up in this session Posted: 03 Apr 2013 11:56 PM PDT Lest we forget we have some rather important announcements ahead

Japan fin min says appropriate to call BOJ measures quantative and qualitative Posted: 03 Apr 2013 11:49 PM PDT I got it right this time, it is the fin min Aso now on the wires! welcomes BOJ’s swift action time -frame will continue to work on fiscal discipline BOJ took bold steps taking policy to a new dimension

USDJPY up through 95.25 triggering EURJPY stop-loss buying Posted: 03 Apr 2013 11:33 PM PDT No end in sight to this as a fresh wave of yen weakness dominates USDJPY laughing at all the sell orders on the way up at the moment triggering stop-loss buying in EURJPY once 122.00 was breached Currently 95.50 and 122.48

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