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• ECB’s Costa up on the podium next
• Euro area still engulfed in severe crisis
• EURJPY orders
• EURGBP orders
• AUDUSD orders
• USDJPY orders
• Japan’s Takenaka: Will take about 2 years for for Japan to beat deflation
• GBPUSD orders
• EURUSD orders
• Deputy economic minister Nishimura expects BOJ to continue easing
• USD/JPY taking an early bath
• Italian industrial output may: m/m +0.1% vs +0.3% exp
• Euro buyers prevail in early trades
• Shanghai Comp Index closes up 2.17% at 2008.13
• Hit a wicket not a window
• European equity markets open mostly lower
• RBA’s Guy Debelle to speak at 5.40pm local time (0740GMT)
• ECB’s Noyer says monetary policy will remain accommodative for as long as necessary
• French current account may: EUR -4.1 bln vs -2.8 bln prev
• French industrial output may: m/m -0.4% vs -0.8% exp

ECB’s Costa up on the podium next Posted: 10 Jul 2013 01:59 AM PDT Speaking at a conference about the future of europe at 9 am GMT Bet that’ll be cheery.

Euro area still engulfed in severe crisis Posted: 10 Jul 2013 01:37 AM PDT Says ECB’s Coeure ECB will keep an open mind ECB will react flexibly to new developments and will stay within boundary of mandate. Speaking in Paris via Bloomers Substitute liquidity generated during crisis is not inflationary ECB stands ready to intervene via OMT in unlimited quantities Publicly supplied liquidity can create distortions in economy Further comments via Reuters

EURJPY orders Posted: 10 Jul 2013 01:36 AM PDT Curently 128.22 having bounced off the strong buying interest at 128.00 that I reported earlier Sellers 128.50,128.75,129.00,129.35,129.50,129.70,130.00,130.50 Buyers 128.00,12780,127.50, 127.30,127.00,126.50

EURGBP orders Posted: 10 Jul 2013 01:33 AM PDT Currently 0.8596 having trouble above 0.8600 Sellers 0.8610,0.8620,0.8650,0.8670,0.8690,0.8700 Buyers 0.8575,0.8560,0.8550,0.8540,0.8525,0.8500

AUDUSD orders Posted: 10 Jul 2013 01:28 AM PDT Currently 0.9212 after another rally ran into more offers.. this time at 0.9250 Sellers  0.9250,0.9260,0.9270,0.9280,0.9290,0.9300 Buyers 0.9200,0.9185,0.9175,0.9150,0.9125,0.9100,0.9085,0.9070,0.9045

USDJPY orders Posted: 10 Jul 2013 01:24 AM PDT Currently 99.92 having taken out strong buying interest at 100 and triggered stops to 99.78 Sellers 100.10,100.30,100.50,100.70,100.90,101.00,101.25,101.50,101.70,101.80,102.00 ( barrier option) Buyers 99.70,99.50,99.35,99.20,99.00,98.80,98.50

Japan’s Takenaka: Will take about 2 years for for Japan to beat deflation Posted: 10 Jul 2013 01:20 AM PDT Japan needs fiscal consolidation in mid-term These guys are speaking at a forum in Hong Kong. Heizo Takenaka is a former economic minister

GBPUSD orders Posted: 10 Jul 2013 01:19 AM PDT Currently 1.4917, trailing EURUSD higher Sellers 1.4930,1.4940,1.4950,1.4980, 1.5000,1.5010,1.5030,1.5050 Buyers 1.4890,1.4875,1.4850,1.4830,1.4815,1.4800.1.4780,1.4750

EURUSD orders Posted: 10 Jul 2013 01:16 AM PDT Currently 1.2828 trying to get through offers at 1.2830. More behind that Sellers 1.2830,1.2840,1,2850,1.2860,1.2880,1.2890,1.2900,1.2920 Buyers  1.2800,1.2785,1.2765,1.2750,1.2740,1.2720,1.2700 ( barrier option )

Deputy economic minister Nishimura expects BOJ to continue easing Posted: 10 Jul 2013 01:15 AM PDT To reach 2% inflation target BOJ should communicate with market to stabilise rates Japan’s real economy is picking up Japan needs highly skilled foreign labour force (get your passports out) Will make every effort to promote and implement economic growth strategy LDP election victory will lead to stable Japanese government Needs more women in workforce as society ages

USD/JPY taking an early bath Posted: 10 Jul 2013 01:06 AM PDT The pair is down to a low of 100.08 and heading towards the 55 H4 ma at 100.05 ahead of the big 100. 99.98 trades We’ve done the mild tech support from 100.80 and stronger is seen at 99.85 General dollar selling coming into play as the euro firmly breaks back up through 1.2800 to 1.2825 and cable touches 1.4918 USD/CHF is off from overnight highs at 0.9745 to 0.9678 AUD/USD continues it’s slow march higher up to 0.9226

Italian industrial output may: m/m +0.1% vs +0.3% exp Posted: 10 Jul 2013 01:00 AM PDT -0.3% prev y/y -4.2% vs -4.7% exp -4.7% prev revised down from -4.6% EURUSD still around 1.2810

Euro buyers prevail in early trades Posted: 10 Jul 2013 12:34 AM PDT We’ve seen some good buying interest this morning so far EURUSD has chewed through sell orders at 1.2800 to post 1.2808. strong sell interest seen at 1.2830 EURGBP has been dragged up to 0.8600 from 0.8575 ( I’m so glad I was up early ) with sell interest seen between 0.8610-20 EURJPY  has bounced from strong support area around 128.00 to 128.72. Sellers back in at 129.00 EURAUD at 1.3907 up from its lows of 1.3862 as both currently fight for top boy award

Shanghai Comp Index closes up 2.17% at 2008.13 Posted: 10 Jul 2013 12:19 AM PDT Best since March 20 Better liquidity conditions helping Forgot to post this amidst my window breaking reporting but hey, you must have known anyhow!

Hit a wicket not a window Posted: 10 Jul 2013 12:13 AM PDT My wise and learned equities friend always has an eye for detail and I couldn’t help but notice this wonderful insight from his mail to me just now FACT: Household claims rise on average 20% during The Ashes due to cricket ball-related household damage. Insurance comp Aviva has further to tell us here Any excuse for an Ashes related post !

European equity markets open mostly lower Posted: 10 Jul 2013 12:03 AM PDT FTSE -0.1% DAX  flat CAC 40 -0.1% IBEX -0.6% FTMIB -0.5%

RBA’s Guy Debelle to speak at 5.40pm local time (0740GMT) Posted: 10 Jul 2013 12:02 AM PDT Guy Debelle, Assistant Governor (Financial Markets) – is speaking at the launch of the “Funding Australia’s Future Project” hosted by the Australian Centre for Financial Studies (ACFS), Sydne.

ECB’s Noyer says monetary policy will remain accommodative for as long as necessary Posted: 09 Jul 2013 11:51 PM PDT BOF chief on reuters EURUSD unfazed at 1.2793 still Add: ECB will monitor very closely all incoming info on economic and monetary developments will assess any impact on price stability I should hope so

French current account may: EUR -4.1 bln vs -2.8 bln prev Posted: 09 Jul 2013 11:47 PM PDT

French industrial output may: m/m -0.4% vs -0.8% exp Posted: 09 Jul 2013 11:46 PM PDT +2.2% prev mftg output m/m  -1.1% vs +2.6% prev Better than expected but EURUSD having trouble chewing through sell orders around 1.2800 Currently 1.2793 from 1.2801

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