Your forexlive.com ENewsletter

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• EURJPY orders
• EURGBP orders
• AUDUSD orders
• Market technical levels Monday 8 July
• USDJPY orders
• GBPUSD orders
• Eurozone sentix index july: -12.6 vs -10 exp
• Troika finalises Greek review
• So what did I miss?
• ECB’s Nowotny: interest rates will stay low for extended period
• Swiss Q1 industrial orders: y/y +0.6% vs -1.4% prev
• EURUSD sellers noted
• China’s Shanghai Composite Index closes down 2.44% at 1958.27
• European equity markets open higher
• EURUSD orders
• US NFPs don’t tell the full story
• German trade surplus may: EUR +14.1 bln vs +17.5 bln exp
• Nikkei closes on session lows at 14,109.34
• Nikkei off its lows going into the close
• Japan’s service sector index lower for third straight month

EURJPY orders Posted: 08 Jul 2013 02:00 AM PDT Currently 130.02 Sellers 130.30,130.50,131.00,131.20,131.50 Buyers 129.85,192.50,192.20,129.00,128.50,128.20,128.00

EURGBP orders Posted: 08 Jul 2013 01:57 AM PDT Currently 0.8621. Sellers 0.8630,0.8640,0.8650,0.8665,0.8690,0.8700 Buyers 0.8610,0.8600,0.8570,0.8550,0.8540,0.8520,0.8500

AUDUSD orders Posted: 08 Jul 2013 01:50 AM PDT Currently 0.9063 Sellers  0.9080,0.9090,0.9100,0.9120,0.9150,0.9180,0.9200 Buyers  0.9040,0.9030,0.9025,0.9000,0.8950,0.8900

Market technical levels Monday 8 July Posted: 08 Jul 2013 01:48 AM PDT While I’m still getting to grips with the charts and what’s been going on I’ve put together some levels of note. EUR/USD Resistance 1.3000/05 strong res 1.2959 res 1.2930 55 wma 1.2892 res Current price 1.2832 Support 1.2800 trendline Nov 2012/Apr 2013 1.2782 sup 1.2738 sup 1.2728 sup 1.2679 61.8 fib Jul 2012/Feb 2013 lo/hi GBP/USD Resistance 1.5018 res 1.5007/15 broken support May 2013 1.4900 broken trendline May 2010/Mar 2013 Current price 1.4873 Support 1.4798 sup 1.4722 sup 1.4715 sup USDJPY Resistance  103.72 May high 102.96 res 102.56 strong res 102.09 res 101.86 strong res 101.63 res Current price 101.35 Support 100.29 sup 99.82 sup 99.41 sup 99.26 55 dma 98.96 sup 98.67 31.8 fib Jun/Jul lo/hi 98.47 sup AUD/USD Resistance 0.9278 res 0.9229 res 0.9199 strong res 0.9183 55 H4ma 0.9146 res Current price 0.9065 Support 0.9015 sup 0.8983 sup 0.8963 sup 0.8901 sup EUR/GBP Resistance 0.8726 strong res 0.8707 res 0.8669 strong res 0.8640 res 0.8630/35 Apr/Jul highs, trendline Feb/Mar highs Current price 0.8626  Support 0.8600 broken upper channel line 0.8572 sup 0.8567 55 mma 0.8546 55 H4ma 0.8539 100 dma 0.8533/36 sup, 200, 100 H4ma's 0.8512 200 wma 0.8510 Lower channel line

USDJPY orders Posted: 08 Jul 2013 01:46 AM PDT Currently 101.36 Sellers 101.50,101.60,101,70,101.80,102.00,102.20,102.50,102.70,102.80,103.00 Buyers 100.80,100.70,100.60,100.50,100.25,100.00

GBPUSD orders Posted: 08 Jul 2013 01:39 AM PDT Currently 1.4875. struggling to get back up through 1.4900. Large support at 1.4850 still in place Sellers 1.4900,1.4910,1.2920,1.4940,1.4950,1.4990,1.5000,1.5030,1.5050 Buyers 1.4860,1.4850,1.4830,1.4820,1.4800,1.4780,1.4750

Eurozone sentix index july: -12.6 vs -10 exp Posted: 08 Jul 2013 01:30 AM PDT -11.6 prev

Troika finalises Greek review Posted: 08 Jul 2013 01:27 AM PDT Have reached a staff-level agreement with Greek government Macro outlook broadly in line with adjustment program Outlook remains uncertain but sees possibility of a return to growth in 2014 Government committed to take corrective action Some policy implementation has fallen behind Greece to address tax and revenue issues as well as health sector over-spend

So what did I miss? Posted: 08 Jul 2013 01:21 AM PDT Morning all I leave you lot alone for a few days and it all goes potty. I’m back in the saddle (well, my office chair) and raring to go. So, if someone can tell me all the levels I need to know about that would be great as I haven’t got a clue (only joking). Let’s ‘ave it

ECB’s Nowotny: interest rates will stay low for extended period Posted: 08 Jul 2013 01:12 AM PDT can rule out any increases for that time fragmentation of Europe still clearly a problem Nothing new here EURUSD still trying to chew through offers up to 1.2850. currently 1.2834 Add: Says inflation still the most important criteria for ECB

Swiss Q1 industrial orders: y/y +0.6% vs -1.4% prev Posted: 08 Jul 2013 12:17 AM PDT Q4 revised up from -2.4%

EURUSD sellers noted Posted: 08 Jul 2013 12:13 AM PDT I’m hearing of Asian central bank interest to sell EURUSD here and further rallies after they were seen actively selling the greenback vs their respective currencies in the Asian session. EURUSD 1.2827 from 1.2833 Still has buyers in the dips too though

China’s Shanghai Composite Index closes down 2.44% at 1958.27 Posted: 08 Jul 2013 12:05 AM PDT This was dragging on the Aussie dollar earlier Index losses being attributed to govt pledges to cut off credit facilities to industries threatened by over capacity Plenty of Chinese data coming up this week inc inflation numbers tomorrow and trade data on wednesday

European equity markets open higher Posted: 08 Jul 2013 12:04 AM PDT FTSE +0.8% DAX +0.9% CAC 40 +0.8% IBEX +0.7% FTMIB +0.6%

EURUSD orders Posted: 07 Jul 2013 11:49 PM PDT Currently 1.2818 Sellers 1.2835,1.2850,1.2885,1.2900,1.2920,1.2935,1.2950 Buyers 1.2810,1.2800,1.2790,1.2780,1.2750,1.2735,1.2700

US NFPs don’t tell the full story Posted: 07 Jul 2013 11:47 PM PDT Another bit of background reading for you which I found combing through the press earlier The Guardian’s Dean Baker has this to say Over the last three months, three sectors – restaurants, retail trade, and temporary help – have accounted for more than half of the jobs created. These sectors offer the lowest-paying jobs, with few benefits and little job security. The fact that these sectors are growing rapidly speaks to the state of the job market. These sectors always generate lots of jobs, but in a good economy, no one will take them. Workers take these jobs when there are no better alternatives available Read the full article here and scroll down to the comments where there are some enlightening contributions

German trade surplus may: EUR +14.1 bln vs +17.5 bln exp Posted: 07 Jul 2013 11:13 PM PDT EUR +17.7 bln prev exports m/m -2.4% vs -0.4% exp +1.9% prev imports m/m +1.7% vs +0.5% exp +2.3% prev current account surplus EUR +11.2 bln vs revised +16.7 bln prev

Nikkei closes on session lows at 14,109.34 Posted: 07 Jul 2013 11:09 PM PDT -1.4% -200.63 points high 14,497.65 USDJPY lower at 100.97

Nikkei off its lows going into the close Posted: 07 Jul 2013 10:54 PM PDT Currently 14,142.99 after new session lows of 14,126.78 USDJPY 101.11

Japan’s service sector index lower for third straight month Posted: 07 Jul 2013 10:52 PM PDT The so-called Economy Watchers Poll for June was released earlier and came in at 53.0 vs 55.7 prev The Japanese Cabinet Office said the survey reflected the uncertainty over the turmoil in financial markets, adding that the pace of economic recovery is recently moderating The outook index was lower at 53.6 vs 56.2 prev

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