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• Trading Ideas 21 June
• UK PSNB may: m/m GBP 10.535 bln vs 13.75 bln exp
• Italian wage inflation may: m/m 0.0% vs +0.3% prev
• Eurozone current account april nsa: EUR +15.3 bln vs +24.8 bln prev
• EURJPY orders
• EURGBP orders
• AUDUSD orders
• GBPUSD orders
• EURUSD orders
• USDJPY orders
• USDJPY heads towards key level
• PBOC tells banks not to expect liquidity provision
• European equity markets open a little higher
• AUDUSD rallies through 0.9250
• BOJ’s Kuroda says economy is picking up
• Nikkei closes up 1.66% at 13,230.13
• Nikkei fades into the close
• Yen weakness continues as Nikkei continues to post new daily highs
• USDJPY up through 97.50 as Nikkei climbs
• Data coming up in this session

Trading Ideas 21 June Posted: 21 Jun 2013 01:48 AM PDT It’s the longest day of the year in this hemisphere and so far it certainly feels like it And our fave cheeky chappie Ryan is slinging a few drinks down at Royal Ascot before heading to Spain for two weeks. So to cheer us all up how about throwing a few of your trading ideas into the pot as we say farewell to a week that kept us on our toes and hopefully put a few pips in the bank Reasons welcome as always

UK PSNB may: m/m GBP 10.535 bln vs 13.75 bln exp Posted: 21 Jun 2013 01:31 AM PDT GBP 8.4 bln prev ex fin intervention GBP 8.772 bln vs 12.6 bln exp  4.861 bln revised down from 6.297 bln PSNCR GBP +3.074 bln vs -10.98 bln prev revised down from -10.76 bln Slightly smaller net borrowing overall Not a game changer GBPUSD still 1.5485

Italian wage inflation may: m/m 0.0% vs +0.3% prev Posted: 21 Jun 2013 01:03 AM PDT y/y +1.4% vs +1.4% prev

Eurozone current account april nsa: EUR +15.3 bln vs +24.8 bln prev Posted: 21 Jun 2013 01:01 AM PDT s/a EUR +19.5 bln vs +25.9 bln net investment flow EUR- 9.3 bln vs -7.9 bln prev revised down from -6.1 bln Not  a scene stealer EURUSD still 1.3223

EURJPY orders Posted: 21 Jun 2013 12:59 AM PDT Currently 129.53. underpinned this morning but failing ahead of strong 130 resistance Sellers 129.75,130.00,130.20,130.50,130.80,131.00 Buyers 129.00,128.80,128.50,128.20,128.00,127.80,127.50

EURGBP orders Posted: 21 Jun 2013 12:56 AM PDT Currently 0.8537 having failed in an attempt to get back up through 0.8550 earlier, but struggling to get back below 0.8525 Sellers  0.8550,0.8570,0.8580,0.8590,0.8600,0.8620,0.8650 Buyers 0.8525,0.8515,0.8500,0.8475,0.8450,0.8400

AUDUSD orders Posted: 21 Jun 2013 12:52 AM PDT Currently 0.9223 after failing above 0.9250. EURAUD-buying the cause for the fall back Sellers 0.9260,0.9270,0.9280,0.9300,0.9320,0.9350,0.9370,0.9400 Buyers  0.9200, 0.9190,0.9165,0.9150*,0.9140,0.9100* ( barrier option related)

GBPUSD orders Posted: 21 Jun 2013 12:48 AM PDT Currently 1.5485 Sellers 1.5530,1.550,1.5575,1.5590,1.5600,1.5620,1.5650 Buyers 1.5480,1.5450,1.5430,1.5420,1.5410,1.5400,1.5380

EURUSD orders Posted: 21 Jun 2013 12:45 AM PDT Currently 1.3220 Sellers 1.3255,1.3270,1.3280,1.3300,1.3320,1.3350 Buyers 1.3200,1.3190,1.3180,1.3170,1.3150,1.3130,1.3115,1.3100

USDJPY orders Posted: 21 Jun 2013 12:39 AM PDT Currently 98.05 after 98.14 highs so far Sellers 98.20,98.30,98.50,98.75,99.00, 99.15,99.20, 99.30 Buyers 97.75,97.50,97.25,97.00,96.80,96.50

USDJPY heads towards key level Posted: 21 Jun 2013 12:34 AM PDT Currently 98.14 just short of yesterday’s high and strong technical resistance at 98.29 A move through here should see a challenge on 99.00 albeit with strong sell interest all the way up. Failure may once again give the yen bears another false-dawn

PBOC tells banks not to expect liquidity provision Posted: 21 Jun 2013 12:10 AM PDT Comments from China’s central bank quoted on reuters, attributed to “sources” re-affirms to banks that monetary policy will remain prudent PBOC has ordered commercial banks to enhance liquidity management can’t rely on expansionary policy to solve economic problems big banks should play their part in keeping markets stable A war of words will not be helping their current problems too much

European equity markets open a little higher Posted: 21 Jun 2013 12:06 AM PDT FTSE +0.1% DAX +0.2% CAC 40 +0.5% IBEX  +0.4% FTMIB 0.0%

AUDUSD rallies through 0.9250 Posted: 20 Jun 2013 11:39 PM PDT The pair was heading toward 0.9200 again before the yen selling kicked in AUDJPY buying helping a rally to 0.9259 so far Sellers seen lined up at 0.9270-80 ahead of larger offers at 0.9300

BOJ’s Kuroda says economy is picking up Posted: 20 Jun 2013 11:35 PM PDT Here we go exports starting to pick up with help from forex moves markets have been somewhat unstable since May but likely to stabilize over time uncertainty over Japan’s economy remains high. must watch developments  closely including markets will adjust policy as needed looking at both upside and downside risks to economy and price stability ZZZZZZZZZZZ USDJPY still at 97.72

Nikkei closes up 1.66% at 13,230.13 Posted: 20 Jun 2013 11:02 PM PDT + 215.55 high 13,330.35 low 12,702.67

Nikkei fades into the close Posted: 20 Jun 2013 11:01 PM PDT As has been customary of late with Friday position squaring to the fore 13,230 from 13,330 highs USDJPY 97.73 from 97.89 EURJPY 129.37 from 129.56

Yen weakness continues as Nikkei continues to post new daily highs Posted: 20 Jun 2013 10:27 PM PDT No doubting the correlation again . yen pairs on session highs too Nikkei posts highs of 13,258 USDJPY 97.82 EURJPY 129.48 AUDJPY  90.31 GBPJPY 151.65

USDJPY up through 97.50 as Nikkei climbs Posted: 20 Jun 2013 09:54 PM PDT A little bit of correlation being seen again Nikkei climbs to highest point of the day at 13,103 USDJPY back up through the 97.50 pivot Currently 97.58

Data coming up in this session Posted: 20 Jun 2013 09:31 PM PDT Good day everyone With the post-FOMC dust not yet settled we could be in for a lively end to the week Let’s hope so anyway, and good luck out there Here’s today’s data with a reminder that we have Mr Kuroda having another turn at the mic at 06.35 GMT Times BST ( GMT+1)

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