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- Germany says G8 summit will compare Japan’s economic policy with others
- That’s some profit taking
- Japan’s Suga: Kuroda says profit taking is a reason for stock market falls
- EURGBP orders
- Swiss producer import prices may: m/m -0.3% vs +0.1% exp
- EURJPY orders
- European equity markets open lower
- USDJPY orders
- GBPUSD orders
- AUDUSD orders
- USDJPY lower again
- EURUSD orders
- Deja vu time as USD finds sellers again
- Nikkei closes down 6.35% at 12,445.38
- German wholesale price index may: m/m -0.4 % vs +0.3% exp
- EURCHF bouncing from 1.2250 support
- BOJ’s Shirai: Watching forex moves closely
- USDJPY posts new 3 month lows
- ECB’s Asmussen: reiterates that monetary policy alone can not solve Eurozone problems
- Nikkei continues move lower
| Germany says G8 summit will compare Japan’s economic policy with others Posted: 13 Jun 2013 01:45 AM PDT Good luck with that. Who are they going to compare it with? 1930′s America?
Noises coming from a German government source via Reuters |
| Posted: 13 Jun 2013 01:29 AM PDT Nikkei down over 6%? Profit taking? If that’s how the Abe and his mob think then maybe we should be worried about their ability to pull the Japanese rabbit out of the hat. USD/JPY has made it to one of the fib levels from the 2012 lows.
This one is taken from the Sep 2012 swing up and comes in at 93.56 (blue). The next is the 38.2 all time low to high at 92.97 (white). Support (for what it’s worth at the moment) is at 93.20 with stronger at 92.00. Since the first break down through 95, the big figure has acted as resistance an we’ve pushed lower from there. It should offer further resistance on another move up but in this volatility I wouldn’t put your hat on it. When we get moves like this I pay less attention to the short dated tech levels and look for the long dated or far out tech that is likely to hold large moves in the first instance. We may get 100+ pip moves but the market will always stop somewhere and 9/10 times that will be a strong technical level. |
| Japan’s Suga: Kuroda says profit taking is a reason for stock market falls Posted: 13 Jun 2013 12:53 AM PDT oh really ?
There really should be a jawboning tax on this lot. That would help boost the govt’s finances! |
| Posted: 13 Jun 2013 12:34 AM PDT A decent rally after yesterday’s fall to 0.8468.. currently 0.8525 from 0.8542 highs Sellers 0.8550,0.8580,0.8590,0.8600,0.8650 Bids 0.8510,0.8500,0.8480,0.8465,0.8450,0.8430,0.8400 |
| Swiss producer import prices may: m/m -0.3% vs +0.1% exp Posted: 13 Jun 2013 12:30 AM PDT
Out just now. Lower than expected. CHF weaker. USDCHF 0.9177 EURCHF 1.2254
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| Posted: 13 Jun 2013 12:26 AM PDT Currently 125.76 after 125.51 lows Sellers 126.00,126.50 126.80,127.00,127.30,127.50 Buyers 125.50,125.00,124.80,124.50,124.00 |
| European equity markets open lower Posted: 13 Jun 2013 12:13 AM PDT
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| Posted: 13 Jun 2013 12:08 AM PDT Currently finding some support above 94.00 Sellers 94.40,94.50,94.90,95.00,95.20,95.50,95.60, 95.90, 96.00 Buyers 93.75,93.50,93.00,92.70,92.50
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| Posted: 13 Jun 2013 12:03 AM PDT Currently off its highs at 1.5559. 1.5700-10 sell area still proving difficult to breach despite a 1.5701 high post in Asia Sellers 1.5700,1.5710,1.5730,1.5750 Buyers 1.5645,1.5630,1.5610,1.5600, 1.5580,1.5550
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| Posted: 12 Jun 2013 11:56 PM PDT Another good rally this morning despite AUDJPY selling pressure. currently 0.9487 Sellers 0.9500,0.9520,0.9550,0.9560,0.9575,0.9600 Buyers 0.9440,0.9420,0.9400,0.9380,0.9340,0.9320,0.9300 ( barrier option related ) |
| Posted: 12 Jun 2013 11:34 PM PDT I wish I had a pound for every time i’ve posted that headline recently! New lows of 93.79 just now Hearing talk of good buying interest at 93.75 Currently back to 94. EURJPY also bouncing from 125.50 buy order level. currently 125.91 from 125.51 Crazy days are here again |
| Posted: 12 Jun 2013 11:23 PM PDT Currently 1.3375 Sellers 1.3400,1.3430,1.3440,1.3480,1.3500,1.3520 Buyers 1.3350,1.3330,1.3300,1.3270,1.3250 |
| Deja vu time as USD finds sellers again Posted: 12 Jun 2013 11:13 PM PDT I wrote a post early yesterday morning saying that Europe had an interest to sell the greenback USDJPY just smashed through 94.00 to 93.95 on lower futures market. currently 94.06 USDCHF 0.9145 ( so I was right to express caution in my EURCHF post) EURUSD 1.3377 from 1.3385 highs GBPUSD 1.5685 |
| Nikkei closes down 6.35% at 12,445.38 Posted: 12 Jun 2013 11:05 PM PDT
Now let’s see what the Nikkei futures market does USDJPY back down to 94.23
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| German wholesale price index may: m/m -0.4 % vs +0.3% exp Posted: 12 Jun 2013 11:03 PM PDT
EURUSD unmoved at 1.3358
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| EURCHF bouncing from 1.2250 support Posted: 12 Jun 2013 10:57 PM PDT We’ve talked about this level a few times recently Currently 1.2262 from 1.2251 lows I’ve just bought small at 1.2254 for a position build Not convinced just yet as USDCHF still looking to slide with USDJPY but the euro undoubtedly has support in the dips elsewhere too
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| BOJ’s Shirai: Watching forex moves closely Posted: 12 Jun 2013 10:40 PM PDT So are we! Press conference details hitting the wires USDJPY up to 94.45 from new lows of 94.19 just now
That appears to be it for the moment USDJPY 94.40 Nikkei 12,571
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| Posted: 12 Jun 2013 10:23 PM PDT New session lows just posted at 94. Nikkei 12,526 EURJPY 126.04 from 125.95 lows taking out 126.00 bids |
| ECB’s Asmussen: reiterates that monetary policy alone can not solve Eurozone problems Posted: 12 Jun 2013 10:19 PM PDT Reuters reporting from a German radio interview
EURUSD 1.3352
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| Posted: 12 Jun 2013 10:14 PM PDT currently down a further 1% since my last update Now 12,562 USDJPY 94.60 |
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