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- Italian final Q1 GDP -0.6% vs -0.5% prior q/q
- EUR/USD still not confirming a breakout
- Eurozone sentix index rises to -11.6 for june
- Yen weakness again as the European session gets underway
- ECB’s Nowotny says ECB should consider staggering its takeover of banking supervision
- April Italian industrial production -0.3% vs 0.1% exp
- ECB’s Couere: there are limits to what monetary policy can do
- EURGBP orders
- EURJPY orders
- Swiss retail sales april: y/y +3.3% vs +2.4% exp
- AUDUSD orders
- USDJPY orders
- EURUSD orders
- European equity markets open lower
- GBPUSD orders
- French industrial output april: m/m +2.2% vs +0.3% exp
- AUDUSD rally stalls ahead of sell orders
- Bank of France sees Q2 growth of +0.1% q/q
- USDJPY higher on strong Nikkei showing but sell interest seen close by
- Japanese current economy watchers index may: 55.7 vs 56.5 prev
| Italian final Q1 GDP -0.6% vs -0.5% prior q/q Posted: 10 Jun 2013 02:00 AM PDT
The final numbers are down 0.1% both q/q and y/y and pushing the Italians further into the red. |
| EUR/USD still not confirming a breakout Posted: 10 Jun 2013 01:46 AM PDT The run up to 1.3300 could have led to a decent break of the two month range but we’re back down into 1.3200 and not looking overly keen at that level either.
First line support comes in at 1.3174 then 1.3135/40 is support and the 100 wma . Further down is the 100 dma at 1.3104 and strong bids at 1.3100, as pointed out on Mike’s order board. Up north resistance is at the old 50 fib at 1.3227, 1.3267, 1.3300 then the 68.1 fib from the year hi/lo at 1.3341. I would like to see 1.3200 hold if we are to make a break out of this range. I still think there are forces at play that are keeping the euro stable (Asian options) and fundamentally that might not be such a bad thing. While we can see a nice double bottom down at 1.2750/1.2800, we can also see a possible triple top at 1.3200. While we’re waiting for it to decide which way to go playing the edges is still the low risk trade. A close below 1.3200 should see us move lower while a break and close above 1.3227 should see the pair add further gains. |
| Eurozone sentix index rises to -11.6 for june Posted: 10 Jun 2013 01:36 AM PDT
EURUSD a little higher at 1.3208
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| Yen weakness again as the European session gets underway Posted: 10 Jun 2013 01:26 AM PDT USDJPY has popped up through decent sell interest at 98.50. more offers at 98.75 and larger at 99.00-20.. currently 98. EURJPY lifted through good sell interest at 130.00. next key sell area 130.50. currently 130.17 |
| ECB’s Nowotny says ECB should consider staggering its takeover of banking supervision Posted: 10 Jun 2013 01:13 AM PDT out on reuters All part of the big debate EURUSD off its lows prior to this at 1.3203 |
| April Italian industrial production -0.3% vs 0.1% exp Posted: 10 Jun 2013 01:01 AM PDT
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| ECB’s Couere: there are limits to what monetary policy can do Posted: 10 Jun 2013 12:50 AM PDT Out on the wires
EURUSD 1.3196
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| Posted: 10 Jun 2013 12:46 AM PDT Going nowhere fast around 0.8500 still. currently 0.8509 Sellers 0.8515,0.8525,0.8535,0.8550,0.8580,0.8590,0.8600 Buyers 0.8480,0.8470,0.8450,0.8435,0.8400 |
| Posted: 10 Jun 2013 12:43 AM PDT Lifted by renewed yen weakness. currently 129.76 Sellers 130.00,130.50,130.70,130.90,131.00,131.40,131.50 Buyers 129.50,129.30,129.10,129.00,128.75,128.50 |
| Swiss retail sales april: y/y +3.3% vs +2.4% exp Posted: 10 Jun 2013 12:16 AM PDT
USDCHF picking up some good buying interest this morning. currently 0.9405 EURCHF higher again at 1.2396 |
| Posted: 10 Jun 2013 12:15 AM PDT Offers at 0.9450 already reported in an earlier post. currently back down 0.9411 Sellers 0.9450,0.9480,0.9490,0.9500,0.9520,0.9550 Buyers 0.9400,0.9390,0.9360,0.9350,0.9335,0.9300 |
| Posted: 10 Jun 2013 12:12 AM PDT Further to my earlier post reporting offers at 98.50 capping the rally so far. currently 98.33 Sellers 98.50,98.75,99.00,99.10,99.20,99.35,99.50 Buyers 98.00, 97.80,97.60,97.50,97.30,97.10,97.00
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| Posted: 10 Jun 2013 12:07 AM PDT Currently on the overnight and morning lows at 1.3184 Sellers 1.3200,1.3210,1.3230,1.3250,1.3270,1.3280,1.3300,1,3320 Buyers 1.3180,1.3170,1.3150,1.3140,1.3120,1.3100,1.3090
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| European equity markets open lower Posted: 10 Jun 2013 12:04 AM PDT
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| Posted: 10 Jun 2013 12:02 AM PDT Currently going nowhere fast at 1.5515 Sellers 1.5550,1.5565,1.5590,1.5600,1.5610 Buyers 1.5500,1.5490,1.5450,1.5435,1.5400,1.5390,1.5380,
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| French industrial output april: m/m +2.2% vs +0.3% exp Posted: 09 Jun 2013 11:46 PM PDT
EURUSD 1.3195
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| AUDUSD rally stalls ahead of sell orders Posted: 09 Jun 2013 11:45 PM PDT After the gap lower in Asia following weaker than expected Chinese data the pair staged a small recovery to 0.9446 after taking out barrier option interest at 0.9400 and posting 0.9394 lows Sell interest reported at 0.9450 is capping the rally, and there’s the little matter of filling the gaping hole should we break higher Currently 0.9420
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| Bank of France sees Q2 growth of +0.1% q/q Posted: 09 Jun 2013 11:34 PM PDT
EURUSD a little lower at 1.3193
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| USDJPY higher on strong Nikkei showing but sell interest seen close by Posted: 09 Jun 2013 11:14 PM PDT I posted last night that the yen’s continuing trend would, not surprisingly given recent showing, be dependent on the Nikkei and so it’s proved. With the Nikkei closing on daily highs up almost 5% we’ve seen USDJPY rally to 98.43 earlier Currently 98.37 but good sell interest is reported at 98.50 Japanese buyers reported to be moving bids up to 98.00 from 97.50 though |
| Japanese current economy watchers index may: 55.7 vs 56.5 prev Posted: 09 Jun 2013 11:06 PM PDT
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