Your forexlive.com ENewsletter

---

• May EZ trade €15.2bn vs €14.9bn prior
• EURGBP orders
• July German ZEW economic sentiment 36.3 vs 39.6 exp
• EURJPY orders
• AUDUSD orders
• Bank of Spain’s Molina: ECB hasn’t ruled out negative rates
• USDJPY orders
• UK PPI input prices june m/m: +0.2% vs -0.2% exp
• UK CPI june: m/m -0.2 % vs -0.1% exp
• GBPUSD orders
• Technical levels 16 July
• EURUSD orders
• Cable below 1.5100 as inflation data looms at the bottom of the hour
• EURUSD capped again
• European equity markets open a little firmer
• Shanghai Comp Index closes up 0.31% at 2065.72
• Cable offers at 1.5150 cap the early rally
• USD sellers prevail
• Eurostoxx 50 futures up 0.2%
• Nikkei closes up 0.64% at 14,599.12

May EZ trade €15.2bn vs €14.9bn prior Posted: 16 Jul 2013 02:03 AM PDT

EURGBP orders Posted: 16 Jul 2013 02:02 AM PDT Currently 0.8677 retreating a little from the 0.8685 highs Sellers 0.8690,0.8700,0.8710 ( stop loss buying if breached,) 0.8720,0.8740, 0.8780 Buyers  0.8660, 0.8650,0.8640, 0.8620, 0.86100,0.8600. 0.8575,0.8550

July German ZEW economic sentiment 36.3 vs 39.6 exp Posted: 16 Jul 2013 02:00 AM PDT Prior 38.5 Current conditions 10.6 vs 9.0 exp. Prior 8.6

EURJPY orders Posted: 16 Jul 2013 01:56 AM PDT Currently 130.18 after highs earlier of 130.82 Sellers 130.85,131.00,131.20,131.50,132.00 Buyers 130.00,129.85,129.50,129.15,129.00

AUDUSD orders Posted: 16 Jul 2013 01:53 AM PDT Currently 0.9202 having just taken out the strong 0.9200 sell interest I mentioned earlier Sellers  0.9220,0.9240,0.9250,0.9280,0.9300,0.9335,0.9350 Buyers  0.9180,0.9150,0.9135,0.9110,0.9100,0.9085,0.9050

Bank of Spain’s Molina: ECB hasn’t ruled out negative rates Posted: 16 Jul 2013 01:48 AM PDT Negative rate wasn’t a success in Denmark Has negative side effects ECB has done preparation in case negative rates needed ECB needs countries to ensure budget stability ECB can’t assume risks that derive from government political action but only from monetary policy Jose Luis Malo de Molina is the BOS chief economist

USDJPY orders Posted: 16 Jul 2013 01:44 AM PDT Currently 99.56 Sellers 99.85, 100.00, 100.10, 100.40, 100.50, 100.80, 100.90, 101.00, 101.20 Buyers 99.45, 99.25, 99.10, 99.00, 98.80, 98.50 ,98.30 ,98.00

UK PPI input prices june m/m: +0.2% vs -0.2% exp Posted: 16 Jul 2013 01:31 AM PDT -0.3% prev y/y +4.2% vs +4.2% exp +2.25 prev output m/m +0.1%% vs 0.0 % exp 0.0% prev y/y +2.0 % vs +1.9%  +1.2% prev core output m/m +0.0% vs  +0.1% exp/prev y/y +1.0% vs +1.1% exp +0.8% prev Much stronger than expected but outgunned by weaker CPI data GBPUSD posting lows of 1.5047 EURGBP 0.8685

UK CPI june: m/m -0.2 % vs -0.1% exp Posted: 16 Jul 2013 01:30 AM PDT +0.2% prev y/y +2.9% % vs 3.0% exp  +2.7% prev RPI m/m   -0.1% vs  +0.0% exp  +0.2% prev y/y  +3.3% vs +3.4% exp  +3.1% prev CPI in below expectations and adds the possibility of a dovish stance from the BOE. Biggest upward pressures to CPI from clothing & footwear and fuels. Inflation seen dropping on air transport and food prices Cable falls to 1.5047. EUR/GBP hits 0.8685

GBPUSD orders Posted: 16 Jul 2013 01:20 AM PDT Currently on session lows at 1.5076 Sellers 1.5095,1.5110,1.5125,1.5140,1.5150,1.5180,1.5200,1.5250 Buyers 1.5075,1.5060,1.5050, 1.5030, 1.5020,1.5000,1.4970,1.4950

Technical levels 16 July Posted: 16 Jul 2013 01:12 AM PDT Morning all. Have a look at this matrix of the levels. I’ll update it every couple of currencies I complete. Let me know if the sizing is ok? Thanks   Just a reminder that you need to click on the pic to pop it out to a readable size. If that’s still too small then right click on it and open as a new tab and that should do the trick. Failing that, go to specsavers

EURUSD orders Posted: 16 Jul 2013 01:09 AM PDT Currently 1.3068 having failed at 1.3100 Sellers 1.3100,1.3110,1.3120,1.3130,1.3150,1.3170, 1.3180,1.3200 Buyers 1.3050,1.3040 ( stop loss selling if breached ), 1.3020,1.3000 1.2990,1.2980,1.2950

Cable below 1.5100 as inflation data looms at the bottom of the hour Posted: 16 Jul 2013 01:02 AM PDT Having failed to breach the 1.5150 sell interest traders have given up in these fickle markets and sold it down to 1.5085 as I type EURGBP now up through yesterday’s highs at 0.8663 CPI RPI and PPI all coming up at 08.30 GMT

EURUSD capped again Posted: 16 Jul 2013 12:23 AM PDT For the moment at least Another rally has faltered, this time at 1.3099 ahead of the 1.3100-10 sell interest Currently 1.3090 Euro bid overall though with EURJPY  just taken out sellers at 130.80.. more seen at 131.00 EURGBP up to 0.8657 after failing to breach 0.8640 earlier. Sellers seen at 0.8670 and larger at 0.8690-8700

European equity markets open a little firmer Posted: 16 Jul 2013 12:09 AM PDT FTSE +0.1% DAX +0.2% CAC 40 +0.2% IBEX  +0.3% FTMIB  flat

Shanghai Comp Index closes up 0.31% at 2065.72 Posted: 16 Jul 2013 12:05 AM PDT

Cable offers at 1.5150 cap the early rally Posted: 15 Jul 2013 11:53 PM PDT In my last post I mentioned the sell interest at 1.5150 and it’s done the job in capping the early move higher Currently back down to 1.5117 EURUSD also lower at 1.3179 having retreated from the 1.3100 sell orders.

USD sellers prevail Posted: 15 Jul 2013 11:08 PM PDT In my data post earlier I questioned whether Europe would have the same appettite for buying USD given the sharp reversal yesterday Early trades are all greenback negative GBPUSD up to 1.5140, just shy of sell interest at 1.5150 EURUSD up to 1.3092 with sellers at 1.3100 AUDUSD still holding firm around 0.9190 with sellers at 0.9200 USDCHF down to 0.9669 from 0.9493 session highs USDJPY staying put at 99.75 but yen losing ground on the crosses

Eurostoxx 50 futures up 0.2% Posted: 15 Jul 2013 11:04 PM PDT DAX futures +0.2% CAC 40 futures flat Bund futures up 3 at 143.42

Nikkei closes up 0.64% at 14,599.12 Posted: 15 Jul 2013 11:01 PM PDT +   92.87 high 14,638.80 low 14,550.89 USDJPY going nowhere fast at 99.75

You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610