Your forexlive.com ENewsletter

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• Chinas SAFE not seeing signs of capital flight
• USD/CHF orders
• Additional orders
• AUDUSD orders
• EURJPY orders
• USDJPY orders
• EURGBP orders
• GBPUSD orders
• Shanghai Comp Index closes up 0.61% at 2004.76
• European equity markets open slightly higher
• USD demand in early trading
• Eurostoxx 50 futures up 0.3%
• Nikkei closes up 0.47% at 14,658.04
• EURUSD orders
• Ashes to ashes
• BOJ’s Sato: Restoring fiscal health is key to achieving a sustainable recovery in Japan
• Nikkei recover off its lows into positive territory
• Data coming up in this session
• Option expiries 10am NY cut
• ForexLive Asia Wrap: USD/JPY sold off in wake of Sunday’s as expected Japanese election result

Chinas SAFE not seeing signs of capital flight Posted: 22 Jul 2013 02:03 AM PDT The state administration of foreign exchange says more two-way fluctuation in exchange rates. Further reports show; Chinese banks sold net total Forex of $400m in June on $143.8bn buys vs $143.4bn sales Client activity for June $130.9bn buys vs $130.8bn sales

USD/CHF orders Posted: 22 Jul 2013 01:52 AM PDT Offers 0.9440, 0.9465, 0.9485/90, 0.9500, 0.9510 Bids 0.9380, 0.9375, 0.9360, 0.9350 (stops), 0.9315, 0.9300, 0.9290 (stops)

Additional orders Posted: 22 Jul 2013 01:22 AM PDT EUR/CHF Offers 1.2390, 1.2400, 1.2410 (stops) Bids 1.2360, 1.2350 USD/CAD Offers 1.0400, 1.0420, 1.0440, 1.0450 Bids 1.0350 (stops), 1.0325/30 USD/CHF is a bit sparse right now so will update these up when I get more info. Offers 0.9485/90, 0.9500 Bids 0.9375

AUDUSD orders Posted: 22 Jul 2013 01:20 AM PDT Currently 0.9197 Sellers 0.9225,0.9230,0.9250,0.9270,0.9280.0.9300 Buyers 0.9180,0.9155,0.9140,0.9120,0.9110,0.9100

EURJPY orders Posted: 22 Jul 2013 01:13 AM PDT Currently 131.63 Sellers 131.90,132.00,132.25,132.50,132.80,133.00 Buyers 131.30,131.15,131.00,130.80,130.50,130.30,130.10,130.00

USDJPY orders Posted: 22 Jul 2013 01:11 AM PDT Currently 100.01 Sellers 100.20,100.40,100.50,100.75,101.00,101.50 Buyers  99.65,99.50,99.25,99.00,98.80

EURGBP orders Posted: 22 Jul 2013 12:18 AM PDT Currently 0.8607 Sellers 0.8625,0.8630 ( stop loss buying if breached) 0.8645,0.8655,0.8675, 0.8700, 0.8715.0.8725 ( stop loss buying if breached) Buyers 0.8590, 0.8575,0.8565,0.8550, 0.8540,0.8525

GBPUSD orders Posted: 22 Jul 2013 12:07 AM PDT Currently 1.5278 Sellers 1.5295,1.5305,1.5325,1.5340,1.5350,1,5375,1.5390,1.5400 Buyers 1.5250,1..5240,1.5225,1.5200,1.5185,1.5160,1.5150, 1.5145

Shanghai Comp Index closes up 0.61% at 2004.76 Posted: 22 Jul 2013 12:05 AM PDT

European equity markets open slightly higher Posted: 22 Jul 2013 12:04 AM PDT FTSE flat DAX +0.1% CAC 40 +0.1% IBEX  +0.3% FTMIB +0.2%

USD demand in early trading Posted: 21 Jul 2013 11:46 PM PDT USDJPY up to 100.13 GBPUSD down to 1.5265, EURUSD 1.3145, AUDUSD 0.9204

Eurostoxx 50 futures up 0.3% Posted: 21 Jul 2013 11:06 PM PDT DAX futures +0.3% CAC 40 futures +0.2% Bund futures up 6 at 144.28

Nikkei closes up 0.47% at 14,658.04 Posted: 21 Jul 2013 11:04 PM PDT + 68.13 High 14,770.02 Low 14,514.29 USDJPY 99.96

EURUSD orders Posted: 21 Jul 2013 10:51 PM PDT Currently 1.3154 Sellers 1.3160,1.3170,1.3180,1.3190,1.3200,1.3210,1.3230,1.3250,1.3260 Buyers 1.3135,1.3125,1.3100,1.3080,1.3065,1.3050,1.3020,1.3000

Ashes to ashes Posted: 21 Jul 2013 10:45 PM PDT And now dust to dust, at least the batting tracks of which Swanny is making so much use. I’m not going to gloat over  yesterday’s victory but here are some facts: Not since 1890 have England won the first two Tests of a home Ashes series They have never before won an Ashes Test by so many runs in this country, and only once by more overseas Only once before have Australia come from 2-0 down to win an Ashes series, almost 80 years ago ( and that was with Don Bradman to help) Four days at Lords left me pining for the days of a more closely fought competition. Much of this Test match was farcical, whether it be the Aussies’ batting or England’s decision to bat on, ( and on ) to post a ridiculous lead. England have their limitations but are still far too powerful for this Australian side that we can only hope might improve before the summer’s out in the interests of fair play. So, no, you won’t see me jumping up and down in delight right now- victory seems a bit hollow- but yes of course I’ll settle for a crushing win and a 2-0 lead in the five Test series. If only trading forex was as simple!

BOJ’s Sato: Restoring fiscal health is key to achieving a sustainable recovery in Japan Posted: 21 Jul 2013 10:35 PM PDT It would appear he hasn’t quite finished yet! Sales tax hike is important step to restoring Japan’s fiscal health The average duration of JGBs that the BOJ buys can briefly fall below 6 years if needed for flexible market operations Stabilization of short to medium term JGBs will serve as an anchor for bond yields across the curve BOJ still has policy options left and is open to further steps should risks to the economy materialize Nothing that we haven’t heard before ( a few times in fact )

Nikkei recover off its lows into positive territory Posted: 21 Jul 2013 09:54 PM PDT The Nikkei earlier fell to lows of 14,514.29 but has now bounced to 14,600.47, +10.35 points USDJPY a little firmer at 100.03

Data coming up in this session Posted: 21 Jul 2013 09:42 PM PDT Good day everyone I trust you all had a great week-end, and that those of you in the Asian session managed to pick up a few pips along the way on the back of the Japanese election result. My thanks to Ryan who covered for me while I watched England beat the Aussies at cricket, and I’m now back to what looks likely to be a quiet day. Certainly nothing by way of data to get things moving this morning. Let’s hope for a kick-start from somewhere. Good luck out there one and all

Option expiries 10am NY cut Posted: 21 Jul 2013 09:31 PM PDT USDJPY  98.50, 99.00, 99.80, 100.00,101.00,101.20,101.25,102.00,102.35 EURUSD 1.2930,1.30-00,1.3050,1.3110,1.3300 GBPUSD  1.5100,1.5230,1.5235, AUDUSD 0.9150,0.9200,0.9210, USDCAD 1.0500 EURGBP 0.8525,0.8800 EURCHF 1.2380 EURAUD 1.4165

ForexLive Asia Wrap: USD/JPY sold off in wake of Sunday’s as expected Japanese election result Posted: 21 Jul 2013 08:52 PM PDT The forex trading headlines for Asia trading today, Monday July 22 Weekend: G20 communique, key extracts Bundesbank's Weidmann: Time for Europe's exit from expansive monetary policy has not yet come German finance minister Schaeuble: Japan must complement its policies with a credible fiscal strategy Comments from Russian finance minister Siluanov: ECB and US said low interest rates to continue Japan's finance minister Aso: Japan to strive to craft a credible mid-term fiscal plan by the G20 summit in September Asian session today: Japan's election results came in as polling forecasts expected, with a solid win for the LDP/New Komeito coalition, they now lead both houses of parliament for the first time since 2007. We are still awaiting final results, but it looks like the LDP have 65 and New Komeito have 11, giving the coalition a comfortable win. Portugal President Cavaco Silva said  talks on 'National salvation' agreement failed to produce results and more here China press reporting there may be scope for some China stimulus Australian press reports that Treasury to revise down growth forecasts Talk that China may raise deposit rate ceiling to 30% in the  Chinese press Earthquake in central China kills 11, but toll still rising Earthquake in Wellington New Zealand, few injuries reported. Comments from BOJ board member Sato: Says finally seeing self-sustaining recovery in Japan, and many, many more comments from speech (full 51 page text, if you’re game) USD weakness across the board today saw GBP and EUR climb a little in the Tokyo morning, as did gold too. NZD opened lower but recovered its gap. AUD/USD opened around 0.9170/75 and traded higher  to approach its Friday New York highs. But most of the action was in the yen. USD/JPY dealt very briefly above 100.80 in the very early New Zealand market, fell back to 100.20 and then bounced to 100.60. Monday morning markets are a very thin liqudity time of the week, which contributed to the volatility. As liquidity returned as the morning progressed USD/JPY sold off more heavily as long positions squared on the news of Japanese election results. A final stop-loss flush below 99.70 marked the session low, followed by a bounce to 100.20 and running into more sellers. It continued quite active, with the range narrowing around 100 before it trickled lower in early afternoon.

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