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Tuesday, June 4, 2013

Your forexlive.com ENewsletter

Link to ForexLive

April EZ producer prices -0.6% vs -0.3% exp m/m

Posted: 04 Jun 2013 02:00 AM PDT

  • Prior -0.2%
  • -0.2% vs +0.2% exp y/y. Prior 0.7%

EURGBP orders

Posted: 04 Jun 2013 01:50 AM PDT

Sellers 0.8560,0.8580,0.8590,0.8600,0.8620,0.8650,0.8660

Buyers 0.8535,0.8525,0.8510,0.8500,0.8470

eurgbp order 4 june

AUDUSD orders

Posted: 04 Jun 2013 01:36 AM PDT

Sellers  0.9700,0.9730, 0.9740,0.9770,0.9800,0.9825,0.9840,0.9850

Buyers 0.9660,0.9650,0.9640,0.9620,0.96000.9570,0.9550

audusd orders 4 june

 

UK construction PMI may: 50.8 vs 49.6 exp

Posted: 04 Jun 2013 01:30 AM PDT

  • 49.4 prev

Much better than expected but construction sector not a major player in GDP

GBPUSD seen a quick rally to 1.5318 but stalling as  I type

 

EURJPY orders

Posted: 04 Jun 2013 01:29 AM PDT

Sellers  131.50,132.00,132.20,132.50

Buyers 131.00,130.50,130.20,130.00,129.80,129.50

eurjpy orders 4 june

 

GBP/USD looking good into construction data

Posted: 04 Jun 2013 01:27 AM PDT

The pounds march higher has been backed by some decent data particularly the manufacturing PMI yesterday.

Construction at 8.30 gmt is expected to show a small increase. One of our readers (who’s name escapes me, sorry) pointed to personal knowledge that the sector was showing signs of improvement.

This could well come out in today’s figure.

Cable topped out after peeping over the 61.8 fib from the May hi/lo at 1.6368. At this level we also have the 100 dma at 1.5355.

gbpusddaily 04 06 2013

 

Just below you’ll note the 55dma at 1.5277.

Resistance is not seen until 1.5378 and 1.5400, while support below is at 1.5285, 1.5268 and 1.5215. After yesterdays jump things may calm down somewhat and the tech levels may define the ranges.

 

USDJPY orders

Posted: 04 Jun 2013 01:23 AM PDT

Sellers 100.45,100.50,100.60,100.90,101.00,101.25,101.40,101.50

Buyers 100.10, 99.85,99.50,99.35,99.20,99.00

usdjpy orders 4 june

 

Coming up at the bottom of the hour: UK construction PMI

Posted: 04 Jun 2013 01:14 AM PDT

The latest markit figure for may

49.6 exp vs 49.4 prev

EURUSD orders

Posted: 04 Jun 2013 01:10 AM PDT

Sellers 1.3090,1.3100,1.3135,1.3140,1.3150,1.3190

Buyers  1.3050,1.3035,1.3015,1.3000,1.2985,1.2950

eurusd orders 4 june

CHF & CAD orders 4 June

Posted: 04 Jun 2013 01:08 AM PDT

Good morning all

After yesterdays clean out the orders are almost the same but with a big figure knocked off.

What a difference a day makes.

USD/CHF

Offers: 0.9520

Bids: 0.9440, 0.9430, 0.9400

EUR/CHF

Offers: 1.2430, 1.2460, 1.2470

Bids: 1.2350, 1.2350

USD/CAD

Offers: 1.0345, 1.0350, 1.0380, 1.0400

Bids: 1.0270, 1.0260

Have fun.

GBPUSD orders

Posted: 04 Jun 2013 01:04 AM PDT

Sellers 1.5340,1.5350,1.5380,1.5400,1.5420

Buyers 1,5270,1.5260,1.5250,1.5230,1.5200

cable orders 4 june

Aussie dollar lower as traders digest RBA statement

Posted: 04 Jun 2013 12:30 AM PDT

In  what seems like a strangely delayed reaction to a statement made almost 3 hours ago we’ve seen the aussie dollar under pressure as the RBA leaves the door firmly open for further rate cuts.

AUDUSD back down through the pivotal 0.9700 to 0.9674. EURAUD  a driver here too and higher at 1.3512

Euro in demand after Spanish jobs data

Posted: 04 Jun 2013 12:17 AM PDT

EURUSD  up to 1.3086, EURJPY now broken up through 131.00 and testing sell interest at 131.50 in a rush.

USDJPY gaining on the back of it to 100.42 .currently 100.34

European equity markets open higher

Posted: 04 Jun 2013 12:06 AM PDT

  • FTSE +0.6%
  • DAX +0.9%
  • CAC40 +0.8%
  • IBEX +0.7%
  • FTMIB +0.8%

Spain’s jobless count falls in May by 98,265

Posted: 04 Jun 2013 12:04 AM PDT

  • -1.97% to 4.89 mln

Impressive figure  which PM Rajoy had recently hinted at. EURUSD up to 1.3072

 

USDJPY sellers return but jury still out

Posted: 03 Jun 2013 11:58 PM PDT

USDJPY has so far capped at the front end of the 100.30-50 sell-interest that I highlighted earlier. Similarly EURJPY at the 131.00 level

Currently 100.13 and 130.80

EURUSD is reported to have option related buying interest at 1.3050. currently 1.3060 after 1.3052 lows

USDJPY pops back over 100

Posted: 03 Jun 2013 11:22 PM PDT

The pair has continued its firmer tone on the back of a better Nikkei performance.

High so far 100.13. currently 100.12. Sell orders seen between 100.30-50

EURJPY up to 130.72.. sellers reported to be lurking around 131.00

Nikkei 225 closes up 2.05% at 13,533.76

Posted: 03 Jun 2013 11:06 PM PDT

  • +271.94 points
  • high 13610.25, low 13,060.94

USDJPY 99.92, still flirting with 100

 

Are UK banks once again having the last laugh with FLS ?

Posted: 03 Jun 2013 11:01 PM PDT

It has long been my contention that the government’s Funding for Lending scheme is little more than a way for many UK banks to to get some nice cheap funding with little desire to pass it on.

This piece by the always readable BBC’s Robert Peston highlights the debacle

Nikkei posts session highs of 13,584

Posted: 03 Jun 2013 10:42 PM PDT

USDJPY 99.91

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