| | | | By Mike Paterson on Aug 27, 2013 04:51 am
Currently 0ff its 130.43 session lows at 130.67 Sellers 131.00 131.20 131.50 131.80 132.00 Buyers 130.20 130.00 129.80 129.65 129.50 129.20 129.00 http://www.forexlive.com/wp-content/uploads/2013/08/EURJPY-orders-27-aug.jpg EURJPY orders 27 aug
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By Ryan Littlestone on Aug 27, 2013 04:50 am
66.07 the high on a mixture of foreign exit flows and importer month end demand demand. No sign of intervention yet. Stock markets are crumbling around the region also with the Indian Sensex down 3.31% or 613 points to 17945. The Nifty 50 also off 3.32%, down 181 pts and the Indonesian stock market down 3.89% or -160pts. http://www.forexlive.com/wp-content/uploads/2013/08/Nifty-27-08-2013.png
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By Mike Paterson on Aug 27, 2013 04:44 am
Currently 0.8945 just off its session lows of 0.8937 Sellers 0.8960 0.8975 0.8990 0.9000 0.9020 0.9030 0.9050 Buyers 0.8930 0.8920 0.8900 0.8890 0.8880 0.8865 0.8850 http://www.forexlive.com/wp-content/uploads/2013/08/audusd-orders-27-aug.jpg AUDUSD orders 27 August
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By Ryan Littlestone on Aug 27, 2013 04:36 am
http://www.forexlive.com/wp-content/uploads/2013/08/goldh4-27-08-2013.png Gold daily chart 27 August 2013 Breaking through $1400 and looking to push on as it touches a high of $1412.75 http://www.forexlive.com/wp-content/uploads/2013/08/goldh4-27-08-2013-2.png Gold H4 chart 27 08 2013 On the H4 chart we're above the trendline and it should provide minor support. With Syria problems front and centre we can expect increased volatility.
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By Mike Paterson on Aug 27, 2013 04:33 am
Further to Ryan's post (http://www.forexlive.com/blog/2013/08/27/eurusd-crashes-to-1-3336/) I'm now hearing that a speculative fund used the IFO-led rally to unload a long EURUSD position Not huge size but enough to trigger stop loss selling from short-term/intra-day longs Currently still looking heavy at 1.3330 but buying interest down to 1.3300 with larger interest at 1.3280 as per my orderboard post (http://www.forexlive.com/blog/2013/08/27/eurusd-orders-27-august/) I'm sure the general risk-off sentiment from Sryia concerns playing its part too
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By Jim Trott on Aug 27, 2013 04:27 am
So, the FX market is in the middle of the summer doldrums. This has happened many times before, and will do so again. The best reaction is always `when in doubt – stay out`. But in the mind of traders, periods like this just sharpen the senses; there is a sense of an impending move and everyone wants to be on it. This should always be a warning signal, and come with a government health warning attached, because often a move can get exaggerated as the market tries to make `something happen`. So, it is usually worth scrutinising this `break out` as and when it occurs, perhaps a little more thoroughly. I get the sense that Cable may just be that animal. The (perhaps) counter intuitive bulls, have tried hard to push the pair higher, but now one senses that a generally weaker $ may be needed for that to happen. Ideal circumstances I would think for the Governors remarks tomorrow to possibly be interpreted in an overly bearish fashion. It looks to be the line of least resistance, and with the market as twitchy as it is………
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By Mike Paterson on Aug 27, 2013 04:26 am
Currently back down to 0.8590 after 0.8617 highs earlier Sellers 0.8620 0.8630 0.8640 0.8650 0.8685 0.8700 Buyers 0.8585 0.8565 0.8550 0.8540 0.8520 0.8510 0.8500 http://www.forexlive.com/wp-content/uploads/2013/08/EURGBP-ORDERS-27-AUG.jpg EURGBP orders 27 August
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By Ryan Littlestone on Aug 27, 2013 04:18 am
It's all going south. EUR/USD tumbles to 1.3332 now from 1.3385. European stocks are in the red and on the lows, USD/JPY falling alongside AUD/USD, EUR/CHF. Not seeing any news but there are some comments coming out from an IFO economist. * Economic recovery of eurozone could be an extra stimulus * Euphoria in construction sector fading but business remains solid Nothing in that to trigger the moves but EUR/USD falls further to 1.3323. Cable down to 1.5507. USD/JPY tacks on 13 pips to 97.89 from the low 97.76 USD/CHF is up to 0.9225 from 0.9184 EUR/CHF below 1.2300 touching 1.2287
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By Mike Paterson on Aug 27, 2013 04:12 am
Currently 1.5526 as EURGBP runs into 0.8620 resistance and EURUSD dragged lower Sellers 1.5560 1.5570 1.5590 1.5600 1.5610 1.5620 1.5650 Buyers 1.5520 1.5510 1.5500 1.5485 1.5460 1.5450 http://www.forexlive.com/wp-content/uploads/2013/08/GBPUSD-ORDERS-27-AUG.jpg GBPUSD orders 27 August
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By Ryan Littlestone on Aug 27, 2013 04:11 am
Good morning. Here are today's levels. http://www.forexlive.com/wp-content/uploads/2013/08/27-08-2013-09-08-47.png Technical levels 27 August 2013
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By Mike Paterson on Aug 27, 2013 04:01 am
* 106.2prev (http://www.forexlive.com/blog/2013/07/25/german-ifo-business-climate-july-106-2-vs-106-1-exp/) * IFO current climate 112 vs 11o.9 110.1 prev * IFO expectations 103.3 vs 103 exp EURUSD 1.3384 from 1.3373 on the slightly better than expected news Currently back down to 1.3376
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By Mike Paterson on Aug 27, 2013 03:46 am
I highlighted the potential attack on 0.8600 a little earlier (http://www.forexlive.com/blog/2013/08/27/cable-posting-new-session-lows/) Stops triggered through 0.8610. High post so far 0.8617 in a rush More sell orders noted at 0.8620 through to 0.8650 Currently 0.8613 Cable lower again at 1.5526 after 1.5522 low post
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By Mike Paterson on Aug 27, 2013 03:42 am
Currently 98.08 Sellers 98.35 98.55 98.80 98.90 99.00 99.15 99.25 99.50 Buyers 98.00 97.90 97.80 97.70 97.50 97.30 97.00 http://www.forexlive.com/wp-content/uploads/2013/08/usdjpy-orders-27-aug.jpg USDJPY orders 27 August
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By Mike Paterson on Aug 27, 2013 03:34 am
Currently 1.3375 Sellers 1.3390 1.3400 1.3410 1.3420 1.3430 1.3450 Buyers 1.3350 1.3335 1.3320 1.3310 1.3300 1.3280 http://www.forexlive.com/wp-content/uploads/2013/08/eurusd-orders-27-aug.jpg EURUSD orders 27 August
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By Mike Paterson on Aug 27, 2013 03:11 am
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By Mike Paterson on Aug 27, 2013 03:03 am
* FTSE -0.1% * DAX -0.7% * CAC40 -0.5% * IBEX -0.6% * FTMIB -0.4%
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By Mike Paterson on Aug 27, 2013 02:50 am
Not off to a good start so far More GBP selling ahead of expected dovish tones from speech tomorrow by BOE governor Carney GBPUSD down to 1.5548 from 1.5580 as EURGBP launches another attack on 0.8600 Currently 0.8595
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By Mike Paterson on Aug 27, 2013 02:44 am
The pair traded through 65.56 earlier as India's woes continue Add: Further decline has prompted RBI intervention around 65.90 Currently 65.68
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By Mike Paterson on Aug 27, 2013 02:41 am
Aussie feeling the Syrian heat again it would appear AUDUSD posted new session lows 0.8946 just now and currently 0.8956 Good size support between 0.8900-20 behind last week's low of 0.8932 but sellers still seen on any rally to 0.9000 and above AUDJPY just off session lows at 87.93 EURAUD off 1.4940 highs at 1.4922
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By Mike Paterson on Aug 27, 2013 02:11 am
* DAX futures down 0.5% * CAC 40 futures down 0.6% Bund futures down 5 at 140.00
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