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Friday, June 28, 2013

Your forexlive.com ENewsletter

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EURGBP orders

Posted: 28 Jun 2013 01:58 AM PDT

Currently 0.8559 having just posted 0.8569.

Sellers 0.8580,0.8590,0.8600,0.8620,0.8650

Buyers 0.8540,0.8525,0.8500,0.8480,0.8490,0.8480,0.8470,0.8450,0.8440, 0.8420,0.8400

EURJPY orders

Posted: 28 Jun 2013 01:58 AM PDT

Currently 129.05

Sellers 129.50,129.70,129.90,130.00,1.3030,1.3050

Buyers 128.70,128,50,128.20,128.00,127.50,127.20,127.00

EURGBP higher again but running into sell area

Posted: 28 Jun 2013 01:46 AM PDT

Currently 0.8567 from 0.8569 highs

I’ve sold the other half of my 0.8472 long position at 0.8565 and will now look to short the pair ahead of the strong sell interest at 0.8590-0.8600

eurgbp 28 june

UK service sector ouput april :y/y +2.% vs +1.2% prev

Posted: 28 Jun 2013 01:39 AM PDT

  • m/m +0.2% unch

Not a figure of note.

GBPUSD still grinding lower at 1.5235

 

AUDUSD orders

Posted: 28 Jun 2013 01:37 AM PDT

Currently 0.9249 stuck in a 0.9200-0.9300 range for now

Sellers 0.9280,0.9290.0.9300,0.9330,0.9350,0.9375,0.9390.0.9400

Buyers  0.9220,0.9210,0.9200,0.9180,0.9150,0.9125,0.9100

Italian business confidence june: +90.2 vs +89 exp

Posted: 28 Jun 2013 01:03 AM PDT

  • +88.7 prev revised up from +88.5

USDJPY orders

Posted: 28 Jun 2013 12:43 AM PDT

Currently 98.93 having just had another attempt on 99.00.

Month-end flows seen to be yen negative

Sellers 99.10,99.20,99.30,99.50,99.70,99.80,100.00,100.20,100.50

Buyers 98.70,98.50,98.30,98.15,98.00,97.80,97.50

GBPUSD orders

Posted: 28 Jun 2013 12:36 AM PDT

Currently 1.5260 after capping at 1.5279 in earlier rally

Sellers 1.5280,1.5290,1.5300,1.5320,1.5350,1.5370,1.5380,1.5390,1.5400, 1.5420

Buyers 1.5240,1.5220,1.5200,1.5190,1.5170,1.5150

EURUSD orders

Posted: 28 Jun 2013 12:33 AM PDT

Currently 1.3044. Nothing of size noted at this stage

Sellers 1.3080,1.3080,1.3100,1.3110,1.3140,1.3150,1.3160,1.3175,1.3200

Buyers 1.3030,1.3020,1.3000,1.2985,1.2960,1.2950,1.2920,1,2900

Swiss KOF leading indicator june: 1.16 vs 1.19 exp

Posted: 28 Jun 2013 12:09 AM PDT

  • 1.1 prev

CHF weaker on lower than expected number but still up from previous reading

USDCHF on session highs 0.9467  EURCHF has taken out sell orders at 1.2350

European equity markets open higher

Posted: 28 Jun 2013 12:06 AM PDT

  • FTSE  +0.1%
  • DAX +0.3%
  • CAC 40 +0.1%
  • IBEX +0.5%
  • FTMIB +0.4%

French producer prices may: -1.2% vs -0.3% exp

Posted: 27 Jun 2013 11:48 PM PDT

  • -1.2% prev revised down from -0.9%

Weaker data adding to early pressure on the euro

EURUSD 1.3046  EURGBP 0.8554 EURJPY 128.93

French consumer spending may: +0.5% vs -0.1% exp

Posted: 27 Jun 2013 11:47 PM PDT

  • -0.5% prev revised down from -0.3%

Cable running into offers again

Posted: 27 Jun 2013 11:46 PM PDT

We’ve seen a decent rally from this pair along with EURUSD but both have now run into decent sell interest as Europe opens up

GBPUSD has capped at 1.5279 with good sell orders reported at 1.5280,1.5295 and through to 1.5320

EURUSD similarly has peaked so far at 1.3076 ahead of strong sell interest at 1.3080 and through to 1.3100

Currently 1.5255 and 1.3057 respectively

Month-end flows expected to be a mixed bag

Eurostoxx 50 futures open flat

Posted: 27 Jun 2013 11:07 PM PDT

  • DAX futures +0.1%
  • CAC40 futures  flat

Bund futures open 18 ticks higher at 141.64

Nikkei closes up 3.51% at 13,677.32

Posted: 27 Jun 2013 11:05 PM PDT

  • +463.77
  • high 13,724.44
  • low 13,354.70

USDJPY 98.74 EURJPY 129.05

UK Nationwide house price index june: m/m +0.3% as expected

Posted: 27 Jun 2013 11:02 PM PDT

  • +0.4% prev
  • y/y +1.9% vs 2.0% exp  +1.1% prev
  • biggest yearly rise since sept 2010

Pound unfazed. GBPUSD 1.5272

Nationwide said there were few signs the housing supply was improving.

Robert Gardner, Nationwide’s chief economist, said:

Demand for homes has been supported by further modest gains in employment, as well as an improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures, such as the Funding for Lending Scheme.Signs of a modest improvement in wider economic conditions may also be playing a role in boosting buyer sentiment.

Nationwide added that the supply of housing remained sluggish, with data showing a further decline in building activity.

In Q1 2013 housing completions were down 8% y/y and 40% down on 2007 levels

German retail sales may: m/m +0.8% vs +0.2% exp

Posted: 27 Jun 2013 11:00 PM PDT

  • -0.4% prev
  • y/y  +0.4% vs +0.6% exp +1.8% prev

Much better than expected m/m but y/y slightly down

Euro a little higher on the news  EURUSD 1.3074 EURGBP 0.8559

Japanese construction orders may: y/y +26% vs +2.0% prev

Posted: 27 Jun 2013 10:03 PM PDT

A large jump in both the housing and construction data suggest a significant improvement in the economy

The construction order data is in fact polled from just 50 companies but should still bring a smile to Abe & Co

Nikkei up a little on the news to 13,692. USDJPY 98.91

 

Japan housing starts may: y/y +14.5% vs +6.2% exp

Posted: 27 Jun 2013 10:02 PM PDT

  • +5.8% prev
  • 9th consecutive month of positive data

Likely to have been boosted by demand ahead of next year’s sales tax hike

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