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• June Italian wage inflation 0.2% vs 0.0% prior m/m
• Cable through 1.54 and euro challenges 1.33 again
• Jun UK consumer credit £0.50bn vs £0.70bn exp
• EURJPY orders 29 July
• EURUSD: Some barrier option interest at 1.3300 seen rolling off today
• Japan’s Obuchi: No change to plan to raise sales tax based on law
• Italian business confidence july: 91.7 vs 91.00 exp
• USDJPY orders 29 July
• Technical levels 29 July
• USDJPY leading the way
• European equity markets open firmer
• Shanghai Comp Index closes down 1.7% at 1976.31
• EURGBP orders 29 July
• GBPUSD orders 29 July
• Eurostoxx 50 futures open up 0.3%
• Nikkei closes down 3.32% at 13,661.13
• Nikkei lower going into the close
• EURUSD orders 29 July
• Nikkei posts new session lows at 13,751.49
• Data coming up in this session 29 July

June Italian wage inflation 0.2% vs 0.0% prior m/m Posted: 29 Jul 2013 02:00 AM PDT 1.5% vs 1.4% prior y/y

Cable through 1.54 and euro challenges 1.33 again Posted: 29 Jul 2013 01:52 AM PDT 1.5414 the high so far as M4 money supply  grows at the highest rate for nearly 3 years. Increases in money supply are an inflationary pressure. Given the talk of the BOE maybe looking at lowering rates, this will strike out some of that talk. EUR/USD is still not giving up on the 1.3300 handle, as I was remarking to Mike earlier. The high was 1.3294 overnight and so far we’ve reached 1.3292 on the last spurt. As Mike noted earlier some of the barrier goes off today and given the strength both ways it looks to be of some size. I’ve a strong feeling we see 1.33 go today.

Jun UK consumer credit £0.50bn vs £0.70bn exp Posted: 29 Jul 2013 01:30 AM PDT Prior £0.70bn. Revised to £0.80bn. Mortgage lending £1.0bn vs £0.65bn exp. Prior £0.30bn. Revised £0.50bn. Mortgage approvals 57.67k vs 59.5k exp. Prior 58.24k. Revised to 58.07k M4 money supply 0.1% vs 0.2% exp m/m. Prior -0.1%. Revised to 0.0% 1.5% vs -0.1% prior y/y The BOE figures show consumers borrowed less and the lowest borrowing since Jan. Mortgage borrowing rose while approvals fell which could suggest that turnover is in people adding to their existing mortgages for things like home improvements. Given the way half my street has builders in at the moment I could well believe it. M4 money growth biggest rise since August 2010

EURJPY orders 29 July Posted: 29 Jul 2013 01:27 AM PDT Currently holding above 130 at 130.11 Sellers 130.25 130.50 130.65 130.80 131.00 131.25 131.50 Buyers 129.80 129.65 129.50 129.35 129.20 129.00 128.80 128.50

EURUSD: Some barrier option interest at 1.3300 seen rolling off today Posted: 29 Jul 2013 01:18 AM PDT Sell orders to protect barrier option interest at 1.3300 have been building up on this pair for a while now I’m just hearing though that a sizeable chunk of it rolls off today at the 10am NY cut I don’t have specifics on the amount but it might come into play closer to the expiry later. Once that’s rolled off it will/should mean that there’s less resistance thereafter, if indeed it hasn’t broken up before hand Just something to bear in mind

Japan’s Obuchi: No change to plan to raise sales tax based on law Posted: 29 Jul 2013 01:13 AM PDT Diet already passed bill to raise sales tax to 8% in April Vice finance minister on BBG

Italian business confidence july: 91.7 vs 91.00 exp Posted: 29 Jul 2013 01:02 AM PDT 90.2 prev

USDJPY orders 29 July Posted: 29 Jul 2013 01:00 AM PDT Currently back below 98.00 again at 97.93 Sellers 98.20 98.35 98.40 98.50 98.70 99.00 99.25 99.50 Buyers 97.70 97.50 97.40 97.20 97.10 97.00 96.80 96.50

Technical levels 29 July Posted: 29 Jul 2013 12:57 AM PDT Morning all. Hope you all had a very good weekend. Here are the levels for today.

USDJPY leading the way Posted: 29 Jul 2013 12:22 AM PDT Yen sellers are dominating at the moment with USDJPY back up through 98.00 leading the way dragging EURJPY back above 130.00 Sell orders noted around 98.20 then more at 98.40-50 EURUSD is down to 1.3261 and GBPUSD 1.5365 AUDUSD 0.9240 USDCHF up through 0.9300 All painfully thin out there with little of substance to trade off

European equity markets open firmer Posted: 29 Jul 2013 12:05 AM PDT FTSE +0.3% DAX +0.8% CAC40 +0.5% IBEX +0.4% FTMIB +0.4%

Shanghai Comp Index closes down 1.7% at 1976.31 Posted: 29 Jul 2013 12:03 AM PDT

EURGBP orders 29 July Posted: 28 Jul 2013 11:27 PM PDT Currently 0.8629 Sellers 0.8635 0.8645 0.8660 0.8680 0.8700 0.8710 Buyers 0.8620 0.8610 0.8600 0.8590 0.8580 0.8565 0.8550

GBPUSD orders 29 July Posted: 28 Jul 2013 11:19 PM PDT Currently 1.5384 Sellers 1.5415 1.5425 1.5435 1.5450 1.5470 1.5480 1.5500 1.5530 Buyers 1.5370 1.5350 1.5330 1.5315 1.5300 1.5280 1.5265 1.5250

Eurostoxx 50 futures open up 0.3% Posted: 28 Jul 2013 11:07 PM PDT DAX futures +0.2% CAC 40 futures +0.3% Bund futures up 9 at 142.57

Nikkei closes down 3.32% at 13,661.13 Posted: 28 Jul 2013 11:03 PM PDT On its daily low -468.85 high 13,953.85 USDJPY 97.84

Nikkei lower going into the close Posted: 28 Jul 2013 10:56 PM PDT Just posting new session lows of 13,666.26 Down 3.3% USDJPY a lower again at 97.78 from 97.88

EURUSD orders 29 July Posted: 28 Jul 2013 10:49 PM PDT Currently 1.3280 Sellers 1.3300 1.3325 1.3335 1.3340 1.3350 1.3370 1.3390 1.3400 Buyers 1.3270 1.3255 1.3230 1.3215 1.3200 1.3180 1.3165 1.3150

Nikkei posts new session lows at 13,751.49 Posted: 28 Jul 2013 10:02 PM PDT Down 2.7% on the day USDJPY lower at 97.79

Data coming up in this session 29 July Posted: 28 Jul 2013 09:54 PM PDT Good day everyone I trust you all had a great week-end A busy week coming up for sure with focus on Thursday’s BOE/ECB decisions and Friday’s US NFPs, but today on the data front we ease our way in gently Good luck out there and we’ll be looking as always to help make/save you some money again Times GMT

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