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View this email in your browser 08/28/2013 Syria: UN's Ban Ki-Moon says UN inspection team "needs time to do its job"   By Mike Paterson on Aug 28, 2013 04:57 am UN sec gen on Reuters The inspection team has now arrived on site after 2 days of delays (http://www.forexlive.com/blog/2013/08/27/un-inspectors-face-further-delay-in-visiting-chemical-weapons-site/) Whether the US, UK and France wait for their findings remains to be seen View in browser » Cable breaks down through 1.5500 again   By Mike Paterson on Aug 28, 2013 04:46 am GBPUSD now 1.5493 as EURGBP demand, exacerbated by the usual month-end front running, now tries to take out sell interest at 0.8630 More behind that to 0.8650 as I've already highlighted Cable buyers next at 1.5480 View in browser » EURJPY orders 28 August   By Mike Paterson on Aug 28, 2013 04:30 am Currently 130.32 Sellers 130.80 131.00 131.20 131.50 131.80 132.00 Buyers 130.00 129.80 129.65 129.50 129.20 129.00 View in browser » EURGBP orders 28 August   By Mike Paterson on Aug 28, 2013 04:24 am I posted on this pair earlier (http://www.forexlive.com/blog/2013/08/28/eurgbp-still-trying-to-forger-higher/) Currently 0.8621 having chewed its way to 0.8629 Sellers 0.8630 0.8640 0.8650 0.8985 0.8700 Buyers 0.8600 0.8585 0.8550 0.8540 0.8520 0.8510 0.8500 View in browser » GBPUSD orders 28 August   By Mike Paterson on Aug 28, 2013 04:19 am Currently also going nowhere fast at 1.5516 Sellers 1.5530 1.5555 1.5570 1.5590 1.5600 1.5610 1.5620 1.5650 Buyers 1.5500 1.5480 1.5460 1.5450 1.5425 1.5400 View in browser » EZ M3 annual money supply growth july: +2.2% vs +2.1% exp   By Mike Paterson on Aug 28, 2013 04:08 am * +2.4% prev revised up from +2.3% * M3 3month moving average +2.5% vs +2.8% prev * private loans -1.9% vs -1.6% exp/prev Not a lot here either to cause any impact EURUSD 1.3380 View in browser » AUDUSD orders 28 August   By Mike Paterson on Aug 28, 2013 04:05 am Currently 0.8924 having failed to penetrate stops below 0.8900 earlier Sellers 0.8940 0.8955 0.8975 0.8990 0.9000 0.9020 0.9050 Buyers 0.8895 ( stop loss selling if breached) 0.8880 0.8865 0.8850 0.8830 0.8800 View in browser » Italian retail sales june: m/m -0.2% vs +0.1% prev   By Mike Paterson on Aug 28, 2013 04:02 am * y/y -3.0% vs -1.2% prev revised down from -1.1% June data not going to make any impact here EURUSD still 1.3379 View in browser » EURUSD orders 28 August   By Mike Paterson on Aug 28, 2013 03:56 am Currently going nowhere fast at 1.3380. Offers still building up above 1.3400 Sellers 1.3400 1.3410 1.3420 1.3450 1.3470 1.3500 Buyers 1.3365 1.3350 1.3330 1.3320 1.3310 1.3300 1.3285 View in browser » USDJPY orders 28 August   By Mike Paterson on Aug 28, 2013 03:51 am Currently on the rise at 97.54 Sellers 97.70 97.90 98.00 98.35 98.55 98.80 99.00 99.15 Buyers 97.25 97.10 97.00 96.85 96.65 96.50 96.30 96.00 View in browser » AUDUSD under pressure again   By Mike Paterson on Aug 28, 2013 03:29 am Not a lot happening in the other major pairs but the aussie dollar has come in for another slap this morning as Syrian-led risk off trades continue to dominate Low post just now of 0.8898 before finding some support again Buyers reported at 0.8890 , 0.8880, 0.8865 Currently 0.8907 AUDJPY 86.76 View in browser » Shanghai comp index closes down 0.11% at 2101.30   By Mike Paterson on Aug 28, 2013 03:10 am View in browser » European equity markets open lower   By Mike Paterson on Aug 28, 2013 03:08 am Still weighed by Syrian crisis * FTSE -0.2% * DAX -0.5% * CAC 40 -0.3% * IBEX -0.4% * FTMIB flat View in browser » BOJ's Iwata says they will continue with QE until inflation stabilizes at 2%   By Mike Paterson on Aug 28, 2013 02:41 am BOJ dep governor on reuters * aims to achieve 2% target as soon as possible in the 2 year time frame * there are sign that some prices are bottoming out or rising * gains in stocks and declines in yen are necessary for BOJ policy to spread through economy * will take some time for BOJ policy to work so fiscal policy is needed to support growth * increase in inflation expectations can spur demand for foreign currencies and weaken yen * decline in real expected interest rates can lead to higher capital expenditure * may take 1-2 years to see real increase in bank lending due to large cash reserves in corporate sector Blah de blah Nothing new here USDJPY 97.25 View in browser » Syria: What are the military options?   By Mike Paterson on Aug 28, 2013 02:25 am As foreign military intervention looms large the BBC has this informative piece (http://www.bbc.co.uk/news/world-us-canada-23849386) on the options available View in browser » Eurostoxx 50 futures down 0.7% in early trading   By Mike Paterson on Aug 28, 2013 02:10 am * FTSE futures -0.5% * DAX futures -0.6% * CAC 40 futures -0.3% Bund futures up 25 at 140.79 View in browser » Nikkei closes down 1.51% at 13,338.46   By Mike Paterson on Aug 28, 2013 02:06 am * -203.91 * high 13,392.57 * low 13,188.14 * USDJPY 97.24 3rd day in a row of losses caused by concern over Syria and the subsequent flight into yen Lowest close since June 27 View in browser » Swiss UBS consumption indicator july: +1.41 vs +1.44 prev   By Mike Paterson on Aug 28, 2013 02:01 am Not a game changer USDCHF 0.9185 EURCHF 1.2287 View in browser » German GFK consumer sentiment september: +6.9 vs +7.1 exp   By Mike Paterson on Aug 28, 2013 02:00 am * +7 prev (http://www.forexlive.com/blog/2013/07/30/german-gfk-consumer-sentiment-july-7-vs-6-9-exp/) * import prices m/m +0.3% vs +0.2% exp -0.8 prev * y/y -2.6% vs -2.5% exp -2.2% prev EURUSD little changed at 1.3377 on the slightly worse than expected figure View in browser » Nikkei trying to retrieve session losses   By Mike Paterson on Aug 28, 2013 01:29 am Now 13,334.16 just off recently posted highs of 13, 355.12 Down 1.53% on the day though still USDJPY responding and firmer again at 97.33 View in browser » Copyright © 2013 ForexLive, All rights reserved. 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