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• June EZ PPI 0.0% vs 0.0% exp m/m
• AUDUSD orders 2 August
• Japan GDP to grow by 2.8% in FY2013/14 up from 2.5% exp
• USDJPY orders 2 August
• GBPUSD orders 2 August
• July UK Markit/CIPS construction PMI 57.0 vs 51.5exp
• Aussie back below 0.8900
• Technical levels 2nd August
• Bung Bunga boy has a big rant
• Swiss PMI July: 57.4 vs 52.5 exp
• EURUSD has sellers above 1.3220
• EURUSD orders 2 August
• Spanish unemployment falls by 64,866 in July
• EURJPY buyers noted but sellers loom ahead
• European equity markets open firmer
• Shangahi Comp Index closes up 0.02% at 2029.42
• Eurostoxx 50 futures up 0.7%
• UK Nationwide house price index july:m/m +0.8% vs +0.4% exp
• Nikkei closes up 3.29% at 14,466 .16
• Nikkei higher into the close

June EZ PPI 0.0% vs 0.0% exp m/m Posted: 02 Aug 2013 02:00 AM PDT Prior -0.3%

AUDUSD orders 2 August Posted: 02 Aug 2013 01:55 AM PDT Currently 0.8894 Sellers 0.8925 0.8940 0.8950 0.8980 0.9000 0.9010 0.9020 0.9040 Buyers 0.8880* 0.8870* 0.8860 0.8850* 0.8820 0.8800* (  * barrier option related)

Japan GDP to grow by 2.8% in FY2013/14 up from 2.5% exp Posted: 02 Aug 2013 01:55 AM PDT In amongst the UK figure the Japanese cabinet office released their economic forecasts. They’ve raised the 2013/14 GDP forecast to 2.8% from 2.5%, however the 2014/15 GDP is expected to be only 1% due to the sales tax hike. The tax hike is expected to add 0.2% to GDP in 2013/14 but subtract 0.6% in 2014/15 Private consumption is forecast to grow at 0.5% in 2014/15, down from 2.1% growth in 2013/14 Consumer prices are forecast at 0.5% 2013/14 and 3.3% 2014/15 (1.2% excl tax hike)

USDJPY orders 2 August Posted: 02 Aug 2013 01:50 AM PDT Currently 99.65 Sellers 99.80 100.00 100.20 100.35 100.50 Buyers 99.35 99.25 99.15 99.00 98.80 98.60 98.50

GBPUSD orders 2 August Posted: 02 Aug 2013 01:41 AM PDT Currently 1.5164 after posting 1.5178 highs after the strong construction PMI Sellers 1.5185 1.5200 1.5210 1.5225 1.5240 1.5255 1.5280 1.5300 Buyers  1.5140 1.5120 1.5100 1.5080 1.5060 1.5050 1.5025 1.5000

July UK Markit/CIPS construction PMI 57.0 vs 51.5exp Posted: 02 Aug 2013 01:30 AM PDT Prior 51.0 That’s a good positive number to add to the list of improving sectors. Hits highest for 3 years. Anyone else notice the little pop in cable and GBP/JPY a minute before the figure? Residential construction was the biggest gainer out of the three categories. Business activity rises for third month running Residential construction increases at fastest pace since June 2010 Steepest improvement in new order levels since April 2012   Full report here

Aussie back below 0.8900 Posted: 02 Aug 2013 01:18 AM PDT The rally above 0.8915 has come to a grinding halt and we’re now back down toward barrier support at 0.8880 again Currently 0.8893 Full orderboard on its way shortly

Technical levels 2nd August Posted: 02 Aug 2013 01:03 AM PDT So much for summer. I’m expecting the four horseman of the apocalypse to appear next given the storm currently overhead. Here are the levels in play today (should the world not end in the next 30 minutes).

Bung Bunga boy has a big rant Posted: 02 Aug 2013 12:54 AM PDT Further to the Italian court upholding the prison sentence for Silvio Berlusconi he’s had a bit of a rant which the BBC carries here The bunga bunga boy said he was an innocent victim of an incredible series of accusations and trials that had nothing to do with reality And our survey says……… The Beeb reports that the former PM is unlikely to go to jail because of his age but is likely to face house arrest or carry out community service The mind boggles as to what service he could offer on that one!

Swiss PMI July: 57.4 vs 52.5 exp Posted: 02 Aug 2013 12:35 AM PDT 51.9 prev Much better than expected data from the manufacturing sector  ( more clocks and chocolate then) Highest level since may 2011 USDCHF 0.9371 EURCHF 1.2389

EURUSD has sellers above 1.3220 Posted: 02 Aug 2013 12:27 AM PDT I’m hearing that there is Asian sovereign interest to sell between 1.3220-1.3240 As usual, take the info as you wish

EURUSD orders 2 August Posted: 02 Aug 2013 12:18 AM PDT Currently 1.3210 Sellers 1.3225 1.3240 1.3250 1.3265 1.3280 1.3300 1.3310 1.3340 1.3350 Buyers 1.3190 1.3180 1.3165 1.3150 ( stop loss selling if 1.3145 breached) 1.3130 1.3120 1.3100

Spanish unemployment falls by 64,866 in July Posted: 02 Aug 2013 12:13 AM PDT -1.4% m/m total now 4.7 mln PM Rajoy was yesterday trumpetting a far bigger drop Mind you, he was on the back foot at the time over the illegal payments scandal

EURJPY buyers noted but sellers loom ahead Posted: 02 Aug 2013 12:09 AM PDT EURJPY has picked up some good demand in early trading lifting to 131.87 USDJPY and EURUSD both higher st 99.73 and 1.3219 but EURJPY sellers noted at 132.00/20/50 Currently back to 131.73

European equity markets open firmer Posted: 02 Aug 2013 12:06 AM PDT FTSE +0.1% DAX +0.3% CAC 40 +0.4% IBEX +0.3% FTMIB +0.1%

Shangahi Comp Index closes up 0.02% at 2029.42 Posted: 02 Aug 2013 12:03 AM PDT

Eurostoxx 50 futures up 0.7% Posted: 01 Aug 2013 11:08 PM PDT FTSE futures + 0.5% DAX futures  +0.5% CAC 40 futures  +0.5%

UK Nationwide house price index july:m/m +0.8% vs +0.4% exp Posted: 01 Aug 2013 11:03 PM PDT +0.3% prev y/y +3.9% vs +3.1% prev  +1.9% prev Another positive read for UK house prices GBPUSD up slightly to 1.5118

Nikkei closes up 3.29% at 14,466 .16 Posted: 01 Aug 2013 11:01 PM PDT +460.39 session highs low 14,146.92 USDJPY 99.62

Nikkei higher into the close Posted: 01 Aug 2013 10:54 PM PDT The march higher continues and now posting new session highs of 14,452.62 as  we head toward the close USDJPY higher at 99.59

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