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• July EZ economic sentiment 92.5 vs 92.6 exp
• Former UK MPC member says UK growth at escape velocity
• Technical levels 30 July
• EURJPY orders 30 July
• USDJPY orders 30 July
• AUDUSD orders 30 July
• EURUSD grinding higher
• European equity markets open firmer
• Shanghai Comp Index closes up 0.7% at 1990.06
• EURGBP orders 30 July
• GBPUSD orders 30 July
• AUDUSD heads lower again but support close by
• Eurostoxx 50 futures up 0.5%
• German GFK consumer sentiment august: +7 vs +6.9 exp
• Nikkei closes up 1.53% at 13,869.82
• Nikkei steady heading into the close
• EURUSD orders 30 July
• UBS to repay SNB bail-out loan
• SNB reports H1 consolidated loss of CHF 7.3bln
• Data coming up in this session 30 July

July EZ economic sentiment 92.5 vs 92.6 exp Posted: 30 Jul 2013 02:00 AM PDT Prior 91.3 Business climate -0.53 vs -0.55 exp. Prior -0.68. Revised to -0.67 Industrial sentiment -10.6 vs -10.2 exp. Prior-11.2 Services sentiment -7.8 vs -9.0 exp. Prior -9.5. Revised to -9.6 Consumer sentiment -17.4 vs -17.4 exp. Prior -18.8 Consumer inflation expectation 15.3 vs 16 prior. Revised to 16.1 Selling price expectation -0.9 vs -2.4 prior. Revised to -2.5 A small drop in sentiment and a mixed bag across the sectors.

Former UK MPC member says UK growth at escape velocity Posted: 30 Jul 2013 01:38 AM PDT Dame Deanne Julius speaking in London More UK monetary stimulus not needed She noted that We are at a rate of growth that’s probably close to trend rate after a long period of bouncing along the bottom It’s sustainable. I don’t think it’s particularly balanced On QE she said The question is how and when we unwind it

Technical levels 30 July Posted: 30 Jul 2013 01:15 AM PDT Good morning. Here are the tech levels for Tuesday.

EURJPY orders 30 July Posted: 30 Jul 2013 01:13 AM PDT Currently 130.30 Sellers 130.80 131.00 131.20 131.50 131.90 132.00 Buyers 130.00 129.75 129.50 129.35 129.20 129.00

USDJPY orders 30 July Posted: 30 Jul 2013 01:10 AM PDT Currently 0.9814 Sellers 98.50 98.70 98.80 99.00 99.25 99.35 99.50 Buyers 98.00 97.85 97.70 97.50 97.25 97.10 97.00

AUDUSD orders 30 July Posted: 30 Jul 2013 01:04 AM PDT Currently 0.9067. There’s a few gaps to fill on any rally given the sharp fall o/n Sellers 0.9080 0.9090 0.9100 0.9110 0.9125 0.9150  0.9170 0.9190 0.9200 Buyers 0.9050 0.9035 0.9020 0.9000 0.8990 0.8980 0.8950

EURUSD grinding higher Posted: 30 Jul 2013 12:43 AM PDT The pair has just taken out some sell interest at 1.3270. high so far 1.3272 More seen at 1.3280 then 1.3295 with what remains of the barrier option defence at 1.3300 Stop loss buying seen if 1.3310 breached as per my earlier orderboard Buy interest still at 1.3245 down to 1.3200 Currently stalling at 1.3268

European equity markets open firmer Posted: 30 Jul 2013 12:06 AM PDT FTSE +0.2% DAX +0.4% CAC 40 +0.3% IBEX +0.3% FTMIB +0.3%

Shanghai Comp Index closes up 0.7% at 1990.06 Posted: 30 Jul 2013 12:03 AM PDT

EURGBP orders 30 July Posted: 30 Jul 2013 12:01 AM PDT Currently 0.8648. The usual month-end demand providing good support Sellers 0.8650 0.8665 0.8680 0.8700 0.8710, 0.8725 Buyers 0.8625 0.8610 0.8600 0.8590 0.8580 0.8665 0.8550

GBPUSD orders 30 July Posted: 29 Jul 2013 11:57 PM PDT Currently 1.5332 Sellers 1.5350 1.5375 1.5390 1.5400 1.5420 1.5435 1.5450 1.5470 1.5480 1.5500 1.5530 Buyers 1.5315 1.5300 1.5280 1.5265 1.5250 1.5220 1.5200

AUDUSD heads lower again but support close by Posted: 29 Jul 2013 11:51 PM PDT After a bit of a dead cat bounce we’ve had another dip in the pair that got trashed after weak data and bearish comments from RBA governor Stevens New session lows of 0.9058 0.9053 just posted Good buying interest seen at 0.9050 but a break of that opens the way to 0.9035,0.9020 and the 12 july low of 0.8998 Immediate resistance at 0.9090, 0.9100, an 0.9110

Eurostoxx 50 futures up 0.5% Posted: 29 Jul 2013 11:13 PM PDT DAX futures +0.5% CAC40 futures +0.4% Bund futures flat on the open at 142.46

German GFK consumer sentiment august: +7 vs +6.9 exp Posted: 29 Jul 2013 11:08 PM PDT +6.8 prev highest since sept 2007 Euro not impressed though. EURUSD still 1.3256

Nikkei closes up 1.53% at 13,869.82 Posted: 29 Jul 2013 11:06 PM PDT +208.69 high 13,909.45 low 13,613.78 USDJPY 98.27 EURJPY 130.31

Nikkei steady heading into the close Posted: 29 Jul 2013 10:48 PM PDT +1.42% at 13,854.66 USDJPY 98.35

EURUSD orders 30 July Posted: 29 Jul 2013 10:45 PM PDT Currently 1.3258 it appears there’s still some decent barrier option interest left at 1.3300 Sellers 1.3270 1.3300 1.3310 ( stop loss buying if breached) 1.3325 1.3340 1.3350 1.3370 1.3400 Buyers 1.3245 1.3230 1.3215 1.3200 1.3180 1.3165 1.3150

UBS to repay SNB bail-out loan Posted: 29 Jul 2013 10:20 PM PDT Union Bank of Switzerland has announced that it will repay the loan provided by the SNB in 2008  when it took a 9% stake with a CHF 6 bln bail- out after UBS posted huge losses on its mortgage security business. The SNB sold the stake less than a year later for a CHF 1.2 bln gain but had a bigger task in managing the toxic assets it inherited as part of the bailout. The “Stabilization Fund” has has since been sold down and in this morning’s SNB report shows an H1 profit of CHF 316 mln. USB has exercised the right to buy back the fund now that the loan will be repaid in Q4 A bit of good news for the Swiss banking system after the recent and ongoing tax/information wars with the US USDCHF unfazed though at 0.9311  EURCHF 1.2348

SNB reports H1 consolidated loss of CHF 7.3bln Posted: 29 Jul 2013 09:57 PM PDT H1 gold valuation loss CHF 13.2 bln H1 profit from forex positions CHF 5.8 bln Latest report from the Swiss National Bank showing a bit of a hit on their unchanged gold reserves Add: As of June 28 the breakdown of SNB fx reserves was: 48% euro 27% usd 9% yen 7% gbp 4% cad 5% others ( inc aud, sek, dkk, sgd,krw)

Data coming up in this session 30 July Posted: 29 Jul 2013 09:43 PM PDT Good day everyone Mr Stevens has certainly kick-started the week into gear eh? Aussie looked soft yesterday but I don’t think many expected such a fall-out in one hit. Will be interesting to see where we are 24 hours from now. The EURUSD 1.3300 barrier option appears to have rolled off as I pointed out yesterday but no attack to the upside as yet Not much by way of data today but I reckon we’ll see enough action ahead of the big events starting tomorrow Good luck out there Times GMT

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