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• Eurozone economic sentiment index june: +91.3 vs +90.3 exp
• EURGBP higher after UK data
• UK current account Q1: GBP -14.5 bln vs -11.8 bln exp
• UK Q1 GDP final: q/q +0.3 % vs +0.3% exp
• USDJPY orders
• AUDUSD orders
• USDJPY forces stops again before heading lower
• GBPUSD orders
• Eurozone m3 annual growth may: +2.9% vs +2.9% exp
• German unemployment change june: -12k vs +8k exp
• EURUSD orders
• USDCHF quietly marches on
• USDJPY approaching offers again
• French consumer sentiment june: 78 vs 81 exp
• Eurostoxx 50 futures up +0.2%
• Nikkei closes on its highs – up 2.96% at 13,213.55
• German import prices may: m/m -0.4 % vs -0.2% exp
• UK’s Osborne and his spending review impact
• EU agrees on bank bail-out terms
• Data coming up in this session

Eurozone economic sentiment index june: +91.3 vs +90.3 exp Posted: 27 Jun 2013 02:02 AM PDT +89.4 prev industrial sentiment  -11.2 vs -12.4 exp -13 prev

EURGBP higher after UK data Posted: 27 Jun 2013 01:38 AM PDT Just posted highs of 0.8527 I’ve sold half my longs  from yesterday that we talked about ( 0.8470 buying interest ) at 0.8525 and will look to see if we can break 0.8535 for an attack on 0.8550 Raising s/l to 0.8490 to lock in some profit on the balance

UK current account Q1: GBP -14.5 bln vs -11.8 bln exp Posted: 27 Jun 2013 01:32 AM PDT Worse than expected too GBP-13.62 bln prev revised up from -14.04 bln Current account deficit now 3.6% of GDP

UK Q1 GDP final: q/q +0.3 % vs +0.3% exp Posted: 27 Jun 2013 01:30 AM PDT +0.3% prev y/y  +0.3 % vs +0.6% exp +0.6% prev Lower y/y revsion sending pound lower GBPUSD 1.5295 EURGBP 0.8520 Add: Q1 real household disposable income -1.7% q/q. biggest drop since Q1 1987 . And there simply lays the root problem

USDJPY orders Posted: 27 Jun 2013 01:24 AM PDT Currently 98.11 having retreated from that last rally to 98.38 Sellers 98.50,98.70,98.90,99.00,99.20,99.50 Buyers 98.00,97.90,97.80,97.50,97.30,97.20,97.00,96.90,96.50

AUDUSD orders Posted: 27 Jun 2013 01:21 AM PDT Still looking perky at 0.9320 but strong sell interest close by still capping it Sellers 0.9340,0.9350,0.9370,0.9390,0.9400,0.9420,0.9450 Buyers 0.9275,0.9250,0.9235,0.9220,0.9200,0.9180

USDJPY forces stops again before heading lower Posted: 27 Jun 2013 01:17 AM PDT As duly reported earlier we tripped some stop-loss buying in a rush through 98.30 to post highs of 98.38 The strong sell interest at 98.50 was one step too far yet again Result? yep, as before a move lower again Currently 98.08

GBPUSD orders Posted: 27 Jun 2013 01:11 AM PDT Currently 1.5328 having failed to breach sell interest at 1.5350 Sellers 1.5350,1.5370,1.5390,1.5400,1.5425,1.5450,1.5480,1.5500 Buyers 1.5310,1.5300,1.5280,1.5250,1,5240,1.5225,1.5200

Eurozone m3 annual growth may: +2.9% vs +2.9% exp Posted: 27 Jun 2013 01:02 AM PDT +3.2% prev pvt loans -1.1% y/y

German unemployment change june: -12k vs +8k exp Posted: 27 Jun 2013 12:57 AM PDT +12k prev unemployment rate 6.8% vs 6.9% exp 6.8% prev revised down from 6.9% EURUSD up a little at 1.3040 on the  better than expected data

EURUSD orders Posted: 27 Jun 2013 12:36 AM PDT Currently 1.3022 having failed to get back over 1.3050 pivot Sellers 1.3050,1.3060,1.3070,1.3080,1.3100,1.3130,1.3150 Buyers 1.3000,1.2985,1.2960,1.2950,1.2920,1.2900

USDCHF quietly marches on Posted: 27 Jun 2013 12:16 AM PDT Now up to 0.9438 lifting EURCHF with it to 1.2290 just ahead of the 100 dma at 1.2295 and week’s high of 1.2297 Our buy dips strategy still working but we might expect some resistance here

USDJPY approaching offers again Posted: 27 Jun 2013 12:13 AM PDT The generally USD bullish tone to the session so far means that this pair is back up to 98.20, just shy of this week’s cap. Sell interest noted again with stop-loss buying anticipated if 98.25-30 area breaks.. More offers at 98.50 Support now at 97.80-00

French consumer sentiment june: 78 vs 81 exp Posted: 26 Jun 2013 11:45 PM PDT 79 prev

Eurostoxx 50 futures up +0.2% Posted: 26 Jun 2013 11:08 PM PDT DAX futures +0.2% CAC40 futures +0.2% Bund futures down 8 ticks at 140.95

Nikkei closes on its highs – up 2.96% at 13,213.55 Posted: 26 Jun 2013 11:06 PM PDT +379.54 high 13,213.55 low 12,873.50 USDJPY rallying to 98.01 on the strong close

German import prices may: m/m -0.4 % vs -0.2% exp Posted: 26 Jun 2013 11:00 PM PDT -1.4% prev y/y  -2.9 % vs -2.8% exp  -3.2% prev

UK’s Osborne and his spending review impact Posted: 26 Jun 2013 10:36 PM PDT Yesterday’s review was as much political as it was financial and has far reaching consequences both for public sector workers and welfare claimants,including the introduction of a policy not to pay benefits to those who can’t speak english. Here’s a round-up of the UK press reaction Osborne slashes public sector jobs Osborne announces sweeping cuts to benefits and public sector pay Osborne keeps on with plan for pain Public sector to lose automatic rises Osborne wields welfare axe

EU agrees on bank bail-out terms Posted: 26 Jun 2013 10:23 PM PDT Following on from Eamonn’s earlier post that agreement had finally been reached, here’s some more detail courtesy of The Guardian  The agreement is a key step toward EU banking union and lays out the rules as to the order of who takes the hits in the event of a bank going down or being restructured. Add: The FT carries this story ( may be gated but available on free basic subscription)

Data coming up in this session Posted: 26 Jun 2013 09:45 PM PDT Good day one and all Let’s hope for a livelier session than Asia A few bits of data to help us along our way, and no doubt we’ll get another dollop of jaw-boning as has been the pattern this week Not that it’s been a real game changer for the most part Anyhow, have a great session and hopefully we can help make/save a few pips for you Times GMT

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