Your forexlive.com ENewsletter

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• AUDUSD running into good sell interest
• Portugese stock market up 3.5%
• EURJPY orders
• Italian Q1 public deficit to GDP ratio: y/y 7.3% vs 6.6% prev
• EURGBP orders
• AUDUSD orders
• USDJPY orders
• GBPUSD orders
• UK Halifax house price index june: m/m +0.6% vs +0.4% exp
• European equity markets open firmer
• EURUSD orders
• Pound under early pressure
• Eurostoxx futures up 0.3%
• Nikkei closes down 0.26% at 14,018.93
• Nikkei still above 14,000 heading into the close
• BOJ quarterly report: Many regions report economy picking up on improved sentiment
• Data coming up in this session
• Option expiries 10am NY cut
• ForexLive Asia Wrap: EUR/USD steady drift lower from earlier highs
• More on RBA deputy governor Lowe saying Stevens was misinterpreted

AUDUSD running into good sell interest Posted: 04 Jul 2013 01:47 AM PDT Hearing talk of fund selling on this latest rally but we’re still breaking up through 0.9133 Asian highs A break of 0.9135 should see an attack on 0.9150

Portugese stock market up 3.5% Posted: 04 Jul 2013 01:30 AM PDT The PS120 is up to 5419 on hopes of a solution to the govt turmoil 2 year bond yield lower to stand flat on the day at 5.49%

EURJPY orders Posted: 04 Jul 2013 01:22 AM PDT Currently 129.53 Sellers 129.85,130.00,130.30,130.50,130.80,131.00,131.20,131.50 Buyers 129.35,129.20,129.00,128.70,128.50,128.00

Italian Q1 public deficit to GDP ratio: y/y 7.3% vs 6.6% prev Posted: 04 Jul 2013 01:19 AM PDT Not the trend they want EURUSD unmoved at 1.2994

EURGBP orders Posted: 04 Jul 2013 01:17 AM PDT Currently 0.8518 Sellers 0.8530,0.8535,0.8540,0.8550,0.8570,0.8580,0.8590,0.8600,0.8620 ( stop loss selling if breached ) Buyers 0.8510,0.8500,0.8485,0.8470,0.8465,0.8445,0.8420,0.8400

AUDUSD orders Posted: 04 Jul 2013 01:13 AM PDT Currently 0.9110 Sellers 0.9125,0.9130,0.9150,0.9180,0.9190,0.9200,0.9225,0.9250 Buyers 0.9080,0.9070,0.9050 ( barrier option related), 0.9035, ( stop loss selling if breached ),0.9000*,0.8950*   * barrier option related

USDJPY orders Posted: 04 Jul 2013 01:09 AM PDT Currently 99.69 Sellers 99.90,100.00,100.10,100.20,100.40,100.50,100.60,100.70,100.80, 101.00 ( barrier option related) Buyers 99.50,99.25,99.10,99.00 ( large stop loss selling if breached), 98.80,98.50

GBPUSD orders Posted: 04 Jul 2013 01:05 AM PDT Currently 1.5246 Sellers 1.5285,1.5290,1.5300,1.5325,1.5340,1.5355,1.5365,1.5390,1.5400 Buyers 1.5235,1.5225,1.5200,1.5180,1.5150,1.5130,1.5100

UK Halifax house price index june: m/m +0.6% vs +0.4% exp Posted: 04 Jul 2013 12:21 AM PDT 3month y/y  +3.7% vs +3.6%  +2.6% prev Out a short while ago. Better than expected but not a game changing stat Pound a little firmer after bouncing earlier from GBPUSD support at 1.5235 and failing to breach EURGBP resistance 0.8530-35 that I highlighted

European equity markets open firmer Posted: 04 Jul 2013 12:05 AM PDT FTSE +0.5% DAX +0.6% CAC 40 +0.9% IBEX +0.6% FTMIB +0.7%

EURUSD orders Posted: 03 Jul 2013 11:35 PM PDT Currently 1.2993 Sellers 1.3025,1.3040,1.3050,13070,1.3080,1.3100,1.3120,1.3150 Buyers 1.2980,1.2965,1.2950,1.2930,1.2920,1.2900,1.2885,1.2850

Pound under early pressure Posted: 03 Jul 2013 11:18 PM PDT Seeing a bit of GBP selling early doors GBPUSD down to 1.5241 EURGBP up to 0.8527 Support seen at 1.5225-35 and resistance 0.8530-35 GBPAUD down to 1.6715. GBPCHF 1.4449 GBPJPY 151.85 BOE decision at 11.oo GMT

Eurostoxx futures up 0.3% Posted: 03 Jul 2013 11:05 PM PDT DAX futures +0.4% CAC 40 futures +0.5% Bund futures down 19 at 142.07

Nikkei closes down 0.26% at 14,018.93 Posted: 03 Jul 2013 11:03 PM PDT -36.63 high 14,093.02 low 13,962.30 USDJPY a little lower at 99.78

Nikkei still above 14,000 heading into the close Posted: 03 Jul 2013 10:57 PM PDT It’s been a quiet session Currently 14,040 Yesterday the futures got slapped down after the close so let’s see what happens today. USDJPY going nowhere fast at 99.84

BOJ quarterly report: Many regions report economy picking up on improved sentiment Posted: 03 Jul 2013 10:46 PM PDT says it raises economic assessment for 8 out of 9 regions in Japan raises assessment for 8 regions or more for 2 straight quarters. First time in almost 4 years

Data coming up in this session Posted: 03 Jul 2013 09:37 PM PDT Good day everyone No prizes for knowing today’s key events Let’s hope the ECB at least lives up to the hype Happy Independence Day to all our midnight owls across the pond I hope you all have a profitable day, wherever you are around the globe Times GMT

Option expiries 10am NY cut Posted: 03 Jul 2013 09:28 PM PDT USDJPY  98.25,99.00,99.50,99.60,99.75,100.00,100.10,101.00,102.00 EURUSD 1.2840,1.2900,1.2935,1.3000,1.3050,1.3120,1.3190 GBPUSD 1.5150 USDCHF 0.9600 AUDUSD 0.9025,0.9050,0.9070,0.9150,0.9200 USDSEK 6.4500 EURJPY 130.25 EURGBP 0.8500

ForexLive Asia Wrap: EUR/USD steady drift lower from earlier highs Posted: 03 Jul 2013 08:55 PM PDT The forex trading headlines for Asia trading today, Thursday July 4 Japan data: International Transactions in Securities for the week ending June 28, 2013: Japan Buying Foreign Bonds Y -965.9B (Prior week -1186.9B, revised from was Y -1187.5B) Japan Buying Foreign Stocks Y -38.9B (prior week was Y 13.9B) Foreign Buying Japan Bonds Y 261.8B (prior week was Y -1051.4B, revised from Y -1047.3B) Foreign Buying Japan Stocks Y 479.7B (prior week was Y 171.1B, revised from Y 171.2B) Australian Building Approvals for May: -1.1% m/m (vs. expected at -1.0%) Australian Building Approvals for May: -3.2% y/y (vs. expected at -0.1%) BOJ head Kuroda: The BOJ to continue easing until 2% CPI growth is stable and more here Bernanke to make July 10 speech on Fed's policy record Nice to put the euro in the headline, but truth be told it was only a small drift lower from around 1.3020/25 to 1.2988/93 before it stabilized again. GBP/USD drifted lower also, down to around 1.5250/55 – but again, not much movement. USD/JPY was little more active, back above 100 in early Sydney trade before down to 99.65/70 near the Tokyo open as the Nikkei opened weaker. It traded back toward 100 then 99.70/75. A quiet session. AUD/USD triggered a few stops above 0.9100 in the morning, getting as high as the mid teens. It drifted back toward the figure before dropping through there and onto 0.91 again ahead of the building approval data and as low as 0.9070/75 before stabilizing. It popped to new highs for the day on deputy Governor Lowe's remark that Glenn Stevens " we deliberated for a long time" comment was a light-hearted one only And more here.

More on RBA deputy governor Lowe saying Stevens was misinterpreted Posted: 03 Jul 2013 08:50 PM PDT I posted Lowe’s comments a while back, here: RBA deputy governor Lowe: Stevens' comments were meant to be light hearted, were misinterpreted Here’s some more, from the Australian Financial Review (gated): "I can confirm for you that the board did deliberate for a very long time. I can also confirm for you that the board always deliberates for a very long time," he said in response to a question from The Australian Financial Review. He said the meeting started at 9am and finished at 12.45pm as per usual. Dr Lowe said Mr Stevens' comments were "light-hearted". "Some people in the financial markets and perhaps the press have misinterpreted the intention of those remarks." The Financial Times has even more: It started as a joke…

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