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• Eurozone PPI MAY: m/m -0.3% vs -0.2% exp
• EURAUD sellers put pressure on EURUSD
• UK Markit construction PMI june: 51.0 vs 51.1exp
• EURJPY orders
• AUDUSD orders
• USDJPY orders
• EURUSD running into good sell interest
• Greece has 3 days to reassure lenders it can deliver on bailout pledges
• GBPUSD orders
• European equity markets open mixed
• EURUSD orders
• Nikkei closes on its highs at 14,098.74
• Australian treasurer Bowen says much of the economy will benefit from lower Aussie dollar
• Nikkei back above 14,000 again
• RBA’s Stevens happy to talk down the Aussie dollar again
• RBA: Accompanying monetary policy statement from Glenn Stevens
• RBA No Change, leaves rates at 2.75%
• Data coming up in this session
• Option expiries 10am NY cut
• ForexLive Asia Wrap: Quiet, narrow ranges on the day

Eurozone PPI MAY: m/m -0.3% vs -0.2% exp Posted: 02 Jul 2013 02:02 AM PDT -0.6% prev y/y -0.1% vs 0.0% exp  -0.2% prev EURUSD dipped to 1.3019 on the lower number but now back 1.3026

EURAUD sellers put pressure on EURUSD Posted: 02 Jul 2013 02:00 AM PDT EURAUD down to 1.4160 from 1.4210 puts added pressure on EURUSD which ran into good sell interest above 1.3070 Stops triggered through 1.3050 means we’re now down to 1.3025 in a rush AUDUSD trying to get back up through 0.9200 but running into sovereign wealth fund selling

UK Markit construction PMI june: 51.0 vs 51.1exp Posted: 02 Jul 2013 01:30 AM PDT 50.8 prev Close to expectation and no impact GBPUSD 1.5218 Services PMI tomorrow will be the one to watch given that the sector is such a large part of GDP

EURJPY orders Posted: 02 Jul 2013 01:04 AM PDT Currently 130.18 Sellers 130.80,131.00,131.20,131.50,132.00 Buyers 129.90,129.80,129.50,129.00,128.80,128.50

AUDUSD orders Posted: 02 Jul 2013 01:02 AM PDT Currently 0.9186 having failed to rally back over 0.9200 Sellers 0.9220,0.9250,0.9280,0.9290,0.9300,0.9330,0.9350 Buyers 0.9150,0.9135,0.9110,0.9100,0.9070,0.9050

USDJPY orders Posted: 02 Jul 2013 12:58 AM PDT Currently 99.75 after capping at 99.90 ahead of strong sell interest that I’ve already reported Sellers 100.00,100.20,100.50,100.70,101.00 Buyers  99.60,99.50,99.20,99.00,98.80,98.60

EURUSD running into good sell interest Posted: 02 Jul 2013 12:45 AM PDT I reported earlier that the pair had offers up to 1.3100 and I’m now hearing that sovereign wealth funds were the sellers above 1.3070 Currently 1.3060 EURJPY and EURGBP also retreating from resistance levels

Greece has 3 days to reassure lenders it can deliver on bailout pledges Posted: 02 Jul 2013 12:42 AM PDT otherwise can not be guaranteed next tranche of aid EU fin mins to meet on July 8 to debate Greece and decide on further action EU official quoted on reuters

GBPUSD orders Posted: 02 Jul 2013 12:34 AM PDT Currently 1.5232 Sellers 1.5250,1.5260,1.5280,1.5290,1.5300,1.5330,1.5350 Buyers 1.5215,1.5200,1.5190,1.5180,1.5170,1.5150,1.5120,1.5100

European equity markets open mixed Posted: 02 Jul 2013 12:24 AM PDT FTSE  flat DAX -0.2% CAC 40 +0.1% IBEX  -0.2% FTMIB +0.3%

EURUSD orders Posted: 01 Jul 2013 11:29 PM PDT Currently 1.3061 Sellers 1.3070,1.3080,1.3100,1.3110,1.3130,1.3150,1.3180,1.3200 Buyers 1.3050,1.3030,1.3020,1.3010,1.3000,1.2980,1.2950

Nikkei closes on its highs at 14,098.74 Posted: 01 Jul 2013 11:19 PM PDT +246.24 +1.78% high 14,098.74 low 13,898.54 USDJPY still chewing its way through the sell orders Currently 99.82 after 99.86 highs

Australian treasurer Bowen says much of the economy will benefit from lower Aussie dollar Posted: 01 Jul 2013 10:39 PM PDT Out on reuters Stating the obvious but the party line is at least consistent still AUDUSD still 0.9172

Nikkei back above 14,000 again Posted: 01 Jul 2013 10:34 PM PDT Looking to test session highs of 14,029 Currently 14,016 USDJPY following like a good puppy to 99.81 Big sell interest still seen up to 100.20

RBA’s Stevens happy to talk down the Aussie dollar again Posted: 01 Jul 2013 09:52 PM PDT Just talking with Eamonn about this RBA governor Stevens is sending a clear message again Ok, so it’s repetition from an old hymn sheet but on these lows they still have a desire to talk it lower AUDUSD 0.9181  from 0.9215 after posting 0.9168 lows Surely it’s capped again above 0.9250? What do you guys think?

RBA: Accompanying monetary policy statement from Glenn Stevens Posted: 01 Jul 2013 09:31 PM PDT This is the link to the current statement: Statement by Glenn Stevens, Governor: Monetary Policy Decision July 2, 2013 - This is the link to the JUNE statement (from a month ago), for comparison.

RBA No Change, leaves rates at 2.75% Posted: 01 Jul 2013 09:30 PM PDT RBA leaves rates at 2.75% Says “the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand” Says its possible the exchange rate may fall further Says the AUD is still high even after the fall Sees reasonable prospect of global growth pick up next year Easier financial conditions to contribute to stronger growth

Data coming up in this session Posted: 01 Jul 2013 09:29 PM PDT Good day everyone Another quiet one so far Willl the RBA surprise us at the bottom of the hour? Highly unlikely Here’s what else is up today Good luck out there Times GMT

Option expiries 10am NY cut Posted: 01 Jul 2013 09:21 PM PDT USDJPY 98.00,98.50,99.00,99.40,99.50,99.60,100.00,100.50 EURUSD 1.2800,1.2985,1,3000,1.3050,1.3100,1.3130 USDCHF 0.9500, AUDUSD 0.9150,0.9200,0.9365

ForexLive Asia Wrap: Quiet, narrow ranges on the day Posted: 01 Jul 2013 08:54 PM PDT The forex trading headlines for Asia trading today, Tuesday July 2 Moody's said the Cyprus debt exchange amounts to a default Japan Monetary Base for June: 36.0% y/y (prior was 31.6%) Financial Times reports Japanese funds buy into US electricity plant Japan Labor Cash Earnings for May: flat at 0.0% y/y (vs. prior of 0.0% also) Japan's economy minister Amari: Will ask government panel to map out guidelines on public funds investment New Zealand ANZ June commodity price index -3.7% (vs. -1.6% prior) New Zealand PM Key: Would prefer central bank to use macro-prudential tools rather than raise rates (more here) A quiet session pretty much across the board, with only a little action in NZD and AUD to liven things up. EUR and GBP both ticked a fraction lower and then returned toward opening levels. USD/JPY was quiet indeed; slightly, slightly softer in the Tokyo morning but activity was very subdued. AUD/USD was sold from 0.9245 to 0.9215/20, US fund name said to be the seller, though there was also AUD/JPY selling out of Tokyo.

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