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• July UK PSNB -£1.635bn vs -£4.65bn exp m/m
• NZDJPY stop loss orders trigger further falls
• Bundesbank’s Weidmann: Exit of Euro countries would have serious effects
• Technical levels 21 August
• EURJPY orders 21 August
• AUDUSD orders 21 August 2013
• EURUSD breaks back below 1.3400
• European equity markets open mixed
• Shanghai comp index closes up 0.02% at 2072.96
• EURGBP orders 21 August
• GBPUSD orders 21 August
• Japan’s Aso says sales tax hike should go ahead as planned next year
• Eurostoxx 50 futures up 0.1%
• Nikkei closes up 0.21% at 13,424.33
• USDJPY orders 21 August
• EURUSD orders 21 August
• EU’s Rehn does not rule out a third bailout package for Greece
• Nikkei turning positive into the final hour
• Data coming up in this session
• Option expiries 10am NY cut 21 August

July UK PSNB -£1.635bn vs -£4.65bn exp m/m Posted: 21 Aug 2013 01:30 AM PDT Prior +£10.23bn. Revised to +£10.483bn PSNB ex finance £0.062bn vs -£2.450bn exp. Prior +£8.47bn revised to +£8.722bn PSNCR -£19.640bn vs +£3.10bn prior revised to -£0.98bn ONS say the public deficit is being driven by increased central government spending. An interesting titbit from the ONS release is that the UK has coined in £600m of taxes from Swiss bank accounts under a tax agreement agreed in Jan.

NZDJPY stop loss orders trigger further falls Posted: 21 Aug 2013 01:27 AM PDT I’m hearing that the move down on this and associated pairs just now was triggered by a large stop-loss sell order NZDUSD has posted lows of 0.7891.USDJPY hit 97.28 before bouncing. NZDJPY down to 0.7686 . now 0.7701 Sources also citing good size Japanese supply on USDJPY forcing EURJPY lower to take out buying interest at 130.50. Low post 130.33

Bundesbank’s Weidmann: Exit of Euro countries would have serious effects Posted: 21 Aug 2013 01:25 AM PDT Monetary union is not a club one could join or leave without any problems An exit would have grave consequences ECB bond buying endangers ECB independence, blurs the line between monetary and fiscal policy Forward guidance won’t change ECB course of action Publication of minutes bears risks but would welcome timely release of minutes Minutes would convey main lines of arguments, may hinder free discussion The comments come in an interview with German Capital magazine

Technical levels 21 August Posted: 21 Aug 2013 01:17 AM PDT Hi folks Here are Wednesdays levels. Technical levels 21 August 2013

EURJPY orders 21 August Posted: 21 Aug 2013 01:16 AM PDT Currently 130.70 Sellers 131.00 0 131.10 131.20 131.50 131.75 131.80 131.90 132.00 Buyers 130.50 130.30 130.00 129.80 129.60 129.50 129.20 129.00

AUDUSD orders 21 August 2013 Posted: 21 Aug 2013 01:12 AM PDT Currently 0.9009 having just tried 0.9000 Sellers 0.9020 0.9030 0.9040 0.9070 0.9090 0.9100 0.9120 0.9150 Buyers 0.9000 ( stop loss selling if breached ) 0.8980 0.8970 0.8950 ( stop loss selling if breached) 0.8920 0.8900 0.8880

EURUSD breaks back below 1.3400 Posted: 21 Aug 2013 12:22 AM PDT And now threatening to trigger the stops below 1.3390 Offers now building up at 1.3420 in addtion to the other levels posted earlier Currently 1.3393

European equity markets open mixed Posted: 21 Aug 2013 12:16 AM PDT FTSE -0.3% DAX -0.1% CAC 40 +0.4% IBEX +0.4% FTMIB +0.4%

Shanghai comp index closes up 0.02% at 2072.96 Posted: 21 Aug 2013 12:04 AM PDT

EURGBP orders 21 August Posted: 20 Aug 2013 11:50 PM PDT Currently 0.8561 Sellers 0.8580-85 0.8600 0.8610 0.8620 0.8630 0.8640 0.8650 Buyers  0.8545 0.8525 0.8510 0.8500 0.8485-80 0.8465 EURGBP orders 21 August

GBPUSD orders 21 August Posted: 20 Aug 2013 11:46 PM PDT Currently 1.5668 Sellers 1.5680 1.5695 1.5700 1.5710 ( stop loss buying if breached) 1.5720-25 1.5750-55 Buyers 1.5650 1.5640 1.5630 1.5620 1.5600 1.5580 1.5555 1.5525 GBPUSD orders 21 August

Japan’s Aso says sales tax hike should go ahead as planned next year Posted: 20 Aug 2013 11:32 PM PDT Japan’s fin min out on Reuters says he has not heard any  convincing reasons why govt should not proceed as planned Repeating his previous position amidst talk that the hike may come in increments

Eurostoxx 50 futures up 0.1% Posted: 20 Aug 2013 11:07 PM PDT DAX futures flat Cac 40 futures +0.2% Bund futures down 9 at 140.52

Nikkei closes up 0.21% at 13,424.33 Posted: 20 Aug 2013 11:04 PM PDT + 27.95 high 13,499.99 low 13,250.36 USDJPY 97.51

USDJPY orders 21 August Posted: 20 Aug 2013 11:01 PM PDT Currently 97.52 Sellers 97.80 97.90 98.00 98.10 98.20 98.30 98.50 Buyers 97.10 97.00 96.80 ( stop loss selling if breached ) 96.60 96.50 96.20 96.00 USDJPY orders 21 August

EURUSD orders 21 August Posted: 20 Aug 2013 10:57 PM PDT Currently 1.3412 Sellers 1.3430 1.3450 1.3475 1.3485 1.3500 1.3520 Buyers 1.3400 1.3390 ( stop loss selling if breached ) 1.3375-70 1.3365 ( stop loss selling if breached) 1.3350 1.3330 1.3310 1.3300 EURUSD orders 21 August

EU’s Rehn does not rule out a third bailout package for Greece Posted: 20 Aug 2013 10:53 PM PDT But says that the country’s lenders have other options to keep the aid programme going EU economic and monetary affairs commissioner quoted in Finnish newspaper today Yesterday German fin min Wolfgang Shaeuble said that Greece will need another bailout triggering storms of protest from German opposition parties.

Nikkei turning positive into the final hour Posted: 20 Aug 2013 10:03 PM PDT +0.15% at 13,416.73 From Fukushima-led lows of 13,250.36 USDJPY firmer at 97.47

Data coming up in this session Posted: 20 Aug 2013 09:50 PM PDT Good day one and all So EURUSD finally breaks 1.3400, Japan admits it’s got serious issues at Fukushima and the aussie and new zealand dollars continue to look under threat But there’s no prizes for guessing today’s main event at 18.00 GMT Firework or dud ? No point in pondering too much until we get the facts In the meantime we’ll continue to get the pushes and pulls, and there’s been plenty of opportunity from which to carve a few pips whatever side of the tracks you sit Oh, and England/Australia start the 5th and final Ashes Test of this series at The Oval. Doesn’t time fly fast when you’re having fun! Good luck out there Times GMT Economic data 21 August

Option expiries 10am NY cut 21 August Posted: 20 Aug 2013 09:31 PM PDT USDJPY 97.00 97.50 97.60 99.00 EURUSD  1.3325 1.3350 1.3400 GBPUSD 1.5575 1.5650 USDCHF 0.9200 0.9300 AUDUSD  0.9050 0.9100 0.9200 USDCAD 1.0315 1.0370 1.0380 1.0400 EURJPY 131.00

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