Your forexlive.com ENewsletter

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• Another €2.5bn tossed into the bottomless pit
• AUDUSD orders 26 July
• USDJPY testing strong support at 98.50
• EURJPY orders 26 July
• Technical levels 26 July
• USDJPY orders 26 July
• EURGBP orders 26 July
• European equity markets open higher 26 July
• Shanghai Comp Index closes down 0.51% at 2010.85
• French consumer sentiment july: 82 vs 79 exp
• GBPUSD orders 26 July
• EURUSD orders 26 July
• God vs The Devil in UK lending market – Part 2
• German import prices june: m/m -0.8% vs -0.3% exp
• Eurostoxx 50 futures up 0.6%
• Nikkei closes down 2.97% at 14,129.98
• Nikkei off its lows going into the close
• Nikkei posts new session lows
• Is the UK now getting the “right” kind of growth?
• Data coming up in this session 26 July

Another €2.5bn tossed into the bottomless pit Posted: 26 Jul 2013 01:52 AM PDT Two EU officials confirm that Greece has gained approval for the next tranche of bailout money. No doubt the government will go back to putting their feet on the desk until the next payment looms and then they’ll be scurrying around like ants to meet the conditions. I was the same at school, always did my homework last minute.

AUDUSD orders 26 July Posted: 26 Jul 2013 01:47 AM PDT Currently 0.9287 having capped at 0.9295 ahead of the 0.9300 sell interest. Plenty more above that. Sellers 0.9300 0.9320 0.9340 0.9350 0.9360 0.9370 0.9380 0.9400 Buyers 0.9255 0.9235 0.9220 0.9210 0.9200 0.9180 0.9150 0.9100

USDJPY testing strong support at 98.50 Posted: 26 Jul 2013 01:15 AM PDT Low so far 98.52 ahead of strong buying interest at 98.50 A break of this level should trigger stops down to 98.30 area EURUSD testing strong sell interest at 1.3300 in a general USD sell-off with AUDUSD also challenging the sellers ahead of 0.9300. Cable trying to keep up with it all at 1.5393. Add: I take it back ! I did the pair an injustice. cable just jumped through 1.5400 dragging EURGBP back down to 0.8628

EURJPY orders 26 July Posted: 26 Jul 2013 12:58 AM PDT Currently 131.13 Sellers 131.55 131.65 131.90 132.00 132.20 132.50 132.75 133.00 Buyers 131.00 130.80 130.50 130.35 130.20 130.00 129.65 129.50

Technical levels 26 July Posted: 26 Jul 2013 12:55 AM PDT Good morning I see we are all over the shop again. This market is looking more and more like a coin toss everyday. Here are the levels for today.

USDJPY orders 26 July Posted: 26 Jul 2013 12:55 AM PDT Currently 98.70 Sellers 99.00 99.40 99.50 99.70 99.80 100.00 100.20 100.50 Buyers 98.60 98.50 98.25 98.00 97.80 97.50

EURGBP orders 26 July Posted: 26 Jul 2013 12:14 AM PDT Currently just off session highs at 0.8635 Sellers 0.8645 0.8655 0.8680 0.8700 0.8710 08725 Buyers  0.8625 0.8600 0.8590 0.8580 0.8565 0.8550

European equity markets open higher 26 July Posted: 26 Jul 2013 12:08 AM PDT FTSE +0.3% DAX +0.5% CAC 40 +0.6% IBEX  +0.4% FTMIB +0.3%

Shanghai Comp Index closes down 0.51% at 2010.85 Posted: 26 Jul 2013 12:05 AM PDT

French consumer sentiment july: 82 vs 79 exp Posted: 25 Jul 2013 11:46 PM PDT 79 prev revised up from 78 EURUSD unfazed at 1.3279

GBPUSD orders 26 July Posted: 25 Jul 2013 11:34 PM PDT Currently 1.5397 having taken out the strong sell interest around 1.5400 yesterday Sellers 1.5410 1.5435 1.5440 1.5450 1.5470 1.5480 1.5500 1.5530 Buyers 1.5375 1.5350 1.5330 1.5320 1.5310 1.5300 1.5280

EURUSD orders 26 July Posted: 25 Jul 2013 11:30 PM PDT Currently 1.3280 Sellers 1.3295 1.3300 1.3320 1.3340 1.3350 1.3375 1.3400 Buyers 1.3265 1.3250 1.3235 1.3215 1.3200 1.3185 1.3165 1.3150

God vs The Devil in UK lending market – Part 2 Posted: 25 Jul 2013 11:22 PM PDT Yesterday I posted this piece that announced the initiative by the Archbishop of Canterbury to take on the UK’s biggest pay-day loan shark who prey on ( rather than pray for ) the many desperate households who are reeling from the recession. It now turns out that he was unaware that the C of E’s pension fund have previously been investing, indirectly, in the very target of their wrath and His Grace is not a happy man. Funny ol’ world.

German import prices june: m/m -0.8% vs -0.3% exp Posted: 25 Jul 2013 11:07 PM PDT -0.4% prev y/y -2.2% vs -1.9% exp  -2.9% prev Much lower than expected which gives room for ECB easing in theory on reduced inflation fears EURUSD a little lower at 1.3280  EURGBP 0.8625  EURJPY 131.05

Eurostoxx 50 futures up 0.6% Posted: 25 Jul 2013 11:05 PM PDT FTSE futures +0.3% DAX futures  +0.6% CAC 40 futures +0.5% Bund futures up 33 at 142.61

Nikkei closes down 2.97% at 14,129.98 Posted: 25 Jul 2013 11:02 PM PDT -432.95 high 14,376.01 low 14,114.52 USDJPY lower again at 98.73

Nikkei off its lows going into the close Posted: 25 Jul 2013 10:58 PM PDT But still looking under pressure USDJPY posted lows of 98.63 but has rallied ahead of strong support at 98.50, with stop-loss selling anticipated if it breaks Currently 14,174 and 98.80

Nikkei posts new session lows Posted: 25 Jul 2013 10:18 PM PDT Now down 404 on the day at 14,158.72 USDJPY lower at 99.75 EURJPY near session lows at 131.11

Is the UK now getting the “right” kind of growth? Posted: 25 Jul 2013 09:48 PM PDT After yesterday’s UK Q2 GDP data here’s the thoughts of the Beeb’s economics editor

Data coming up in this session 26 July Posted: 25 Jul 2013 09:39 PM PDT Good day everyone A lot has gone on since I signed off yesterday and this market continues to tease and turn huh? Not a lot on the data front today though, but I can’t see that stopping us having a few more twists before the week is out Let’s try and make it a profitable one Good luck out there Times GMT

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