Your forexlive.com ENewsletter

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• GBPUSD orders
• EURUSD orders
• EUR/USD takes out 1.3200
• May UK retail sales +2.1% vs 0.8% exp m/m
• The case for better UK retail sales
• Gold continues to lose its shine
• SNB’s Jordan expects to see swiss franc fall further over the next the next few quarters
• AUDUSD bashed down through 0.9200
• USDJPY smashes through 98.00
• Eurozone manufacturing flash PMI june: 48.7 vs 48.6 exp
• AUDUSD posting new lows
• SNB leaves interest rates unchanged
• German manufacturing flash PMI june: 48.6 vs 49.9 exp
• USDJPY surges again to test strong sell interest
• Yen weakness continues lending support to other pairs
• European equity markets open lower
• French manufacturing flash PMI june: 48.3 vs 47 exp
• A flaky start as USD buyers return
• USDJPY posts new session highs
• USD sellers around as Europe opens

GBPUSD orders Posted: 20 Jun 2013 02:00 AM PDT Currently making some good gains at 1.5471 after strong retail sales data Sellers 1.5490,1.55500,1.5520,1.5550,1.5575,1.5600 Buyers 1.5435,1.5415,1.5400,1.5380,1.5350,1.5325,1.5300

EURUSD orders Posted: 20 Jun 2013 01:55 AM PDT Currently 1.3206 having been bashed down to 1.3193 so far taking out the strong buy orders that were in place at 1.3200 Sellers 1.3240,1.3250,1.3280,1.3300,1.3330,1.3350,1.3380,1.3400 Buyers 1.3180,1.3150,1.3120,1.3100,1.3080

EUR/USD takes out 1.3200 Posted: 20 Jun 2013 01:45 AM PDT Taking a dip below to 1.3193. EUR/GBP taking a bashing after the fantasmic retail sales. Down to a low of 0.8535 from 0.8560. Out with your Union Jack  flags people, after three..Rule Britannia…..

May UK retail sales +2.1% vs 0.8% exp m/m Posted: 20 Jun 2013 01:30 AM PDT Prior -1.3%. Revised to -1.1% 1.9% vs 0.2% exp y/y. Prior 0.5%. Revised to 0.8% Exc fuel 2.1% vs 0.9% exp m/m. Prior -1.4% Revised to -1.2% Exc fuel 2.1% vs 0.5% exp y/y. Prior 0.2%. Revised to 0.6% Cable up to 1.5469 from 1.5440 on release.

The case for better UK retail sales Posted: 20 Jun 2013 01:22 AM PDT Up at half past we have UK retail sales which are expected in at +0.8% from -1.3% My wife runs a restaurant near London’s Bond street and sales have been suffering all year. Even through May they were below forecast. I also have a mate who’s a cabbie and likewise business wasn’t too hot. Both said that the last 10 odd days in May showed a big pick up in business and that has carried on strongly into June. The turnaround in expectations from the prior read is quite high but I think it could be justified if sales picked up enough in the latter stages of May. If we get a worse figure then look to the June read to be a bumper one.

Gold continues to lose its shine Posted: 20 Jun 2013 01:17 AM PDT A major sell off going on here following the FOMC Now down to lows not seen since sept 2010 Low posted USD1305. currently 1308 Some support seen down here ahead of 1300

SNB’s Jordan expects to see swiss franc fall further over the next the next few quarters Posted: 20 Jun 2013 01:11 AM PDT SNB Chairman Thomas Jordan on the wires (Absolutely not a case of talking his book) expects weakening of swiss economy in Q2 vs Q1 no indications of lasting export revival can’t exclude weakening of global economy deterioration of EZ crisis is the biggest threat currently More detail here from this prepared release and others from SNB members Danithe and Zurbrugg

AUDUSD bashed down through 0.9200 Posted: 20 Jun 2013 01:04 AM PDT It’s all happening ! Barrier option at 0.9200 is now history Low so far 0.9188. currently 0.9196

USDJPY smashes through 98.00 Posted: 20 Jun 2013 01:02 AM PDT The buying frenzy continues Sell orders at 98.00 didn’t count for much in the end High post 98.16. currently 98.10. EURJPY 129.73

Eurozone manufacturing flash PMI june: 48.7 vs 48.6 exp Posted: 20 Jun 2013 12:58 AM PDT 48.3 prev Services 48.6 vs 47.5 exp 47.2 prev Composite 48.9 vs 48.1 exp  47.7 prev Euro getting s small lift from the better than expected data EURUSD 1.3225

AUDUSD posting new lows Posted: 20 Jun 2013 12:47 AM PDT Currently 0.9207 Talk of barrier option related support at 0.9200 We shall see. One of my first posts today questioned the strength of the earlier rally in this pair EURAUD continues to march ever higher at 1.4387

SNB leaves interest rates unchanged Posted: 20 Jun 2013 12:31 AM PDT Also leaves EURCHF rate cap unchanged at 1.2000 3 month libor target range unchanged at 0-0.25% USDCHF and EURCHF a little lower at 0.9293 and 1.2316 but no great surprises in the SNB decision More from the announcement Swiss franc is still high Remains ready intervene in FX in unlimited amounts if necessary ready to take further measures if needed risks for Swiss economy remain high developments in EZ crisis remain uncertain sees Swiss 2013 GDP growth between 1-1.5% as before sees lower inflation in 2013 than previous forecast ( -0.3% vs -0.2%) due to lower oil prices

German manufacturing flash PMI june: 48.6 vs 49.9 exp Posted: 20 Jun 2013 12:29 AM PDT 49.4 prev Services PMI 51.3 vs 50.o0 exp 49.7 prev Composite PMI 50.9 VS 49.9 prev Weaker than expected mftg data has sent the euro lower EURUSD 1.3240. EURGBP 0.8567 EURJPY 129.40

USDJPY surges again to test strong sell interest Posted: 20 Jun 2013 12:28 AM PDT High so far 97.95 Strong sell interest seen into 98.00 but maybe that won’t count for much in this latest yen frenzy I’m just glad I bought back my short USDJPY position for a small profit that I put on around 96.80 after the FOMC. I did think we’d head back down toward 95.50 but I’m happy to be proven wrong on this occasion

Yen weakness continues lending support to other pairs Posted: 20 Jun 2013 12:12 AM PDT Was always going to be prime mover and so it’s proved USDJPY up to 97.60. good sell interest seen ahead of 98.00 EURJPY 129.25.. sellers seen at 129.50 AUDJPY  90.04 GBPJPY 150.67 The buying of yen pairs is lending support to others with GBPUSD, EURUSD in particular making gains too

European equity markets open lower Posted: 20 Jun 2013 12:06 AM PDT No great shock FTSE -0.3% DAX -1.4% CAC 40 -1.6% IBEX -1.5% FTMIB -1.5%

French manufacturing flash PMI june: 48.3 vs 47 exp Posted: 19 Jun 2013 11:58 PM PDT 46.4 prev Services PMI 46.5  vs 44.8 exp  44.3 prev Composite PMI 46.8  vs 44.6 prev Euro higher on the better than expected data EURUSD 1.3245  EURJPY 129.17 having now taken out strong selling interest at 129.00

A flaky start as USD buyers return Posted: 19 Jun 2013 11:32 PM PDT Taking a cue from USDJPY USDCHF back up 20 pips to 0.9295 GBPUSD 1.5431 EURUSD 1.3251 but supported by EURJPY buying AUDUSD 0.9232 just off new session lows of 0.9228

USDJPY posts new session highs Posted: 19 Jun 2013 11:29 PM PDT 97.28 I said just now it looked perky above 97.00 Sell interest seen here at 97.30 and 97.50

USD sellers around as Europe opens Posted: 19 Jun 2013 11:22 PM PDT Cable up from lows of 1.5427 to 1.5455. EURUSD 1.3265 from 1.3248 USDCHF 0.9276 from 0.9297 AUDUSD 0.9247 from 0.9237 I’m not convinced they have any great idea either so more likely to be early t/p trades USDJPY still above 97.00 and looking well supported below 96.90 so far despite the Nikkei losses

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