Your forexlive.com ENewsletter |  |
- Why devaluing the pound hasn’t been such an easy fix for the UK trade balance
- Yen pairs at key levels
- EURJPY orders 22 August
- Pound lagging behind again
- Eurozone flash manufacturing PMI august: 51.3 vs 50.8 exp
- EURGBP orders 22 August
- USDJPY orders 22 August
- AUDUSD climbs back above 0.9000
- German Markit flash manufacturing PMI august: 52.0 vs 51.2 exp
- Euro knocked back by weaker French PMI data
- European equity markets open firmer
- Shanghai comp index closes down 0.28% at 2067.12
- French Markit flash manufacturing PMI august: 49.7 vs 50.3 exp
- GBPUSD orders 22 August
- Swiss trade balance july: CHF +2.38 bln vs 2.82 bln prev
- Eurostoxx 50 futures down 0.2% in early trading
- Nikkei closes lower at 13,365.17
- AUDUSD orders 22 August
- EURUSD orders 22 August
- Nikkei quiet moving into the final hour
| Why devaluing the pound hasn’t been such an easy fix for the UK trade balance Posted: 22 Aug 2013 01:53 AM PDT I’ve long argued, here and elsewhere, that devaluation of the pound was never going to be the sole answer to increasing our trade balance, especially when we’re net importers. The FT has similar thoughts today
Article may be gated but available on basic free subscription, or search “UK Trade: One way traffic” |
| Posted: 22 Aug 2013 01:45 AM PDT USDJPY challenging strong barrier related sell interest at 98.50. More behind that EURJPY trying to chew through sell orders from 131.50 but plenty more all the way up to 132.50 If the intitial levels break we can expect some knee-jerk follow through It could still be a big “if” but neither of them are exactly retreating in a rush at the moment |
| Posted: 22 Aug 2013 01:38 AM PDT Currently 131.47 banging against strong sell interest around 131.50. more offers behind that Sellers 131.50 131.70 131.80 131.90 132.00 132.20 132.50 Buyers 131.10 131.00 130.80 130.60 130.20 130.00 129.85 |
| Posted: 22 Aug 2013 01:23 AM PDT Ok, this is the sort of headline I really prefer writing ! Euro demand is driving EURGBP higher to 0.8570 forcing GBPUSD to stay below 1.5600 after the earlier rally to 1.5615 ran into good sell interest I’m hearing Asian demand down here at 1.5580-85, probably taking profit from that rally. More bids down to strong interest at 1.5550 EURGBP has good sell interest from 0.8585 which might cap this current rally so be aware GBPAUD lower at 1.7275 from o/n highs of 1.7487 GBPCHF on session lows at 1.4395 from 1.4457 |
| Eurozone flash manufacturing PMI august: 51.3 vs 50.8 exp Posted: 22 Aug 2013 12:59 AM PDT
Euro higher again on better data EURUSD 1.3364 EURGBP 0.8563 EURJPY 131.28 |
| Posted: 22 Aug 2013 12:58 AM PDT Currently 0.8557 Sellers 0.8565 0.8575 0.8585 0.8600 0.8610 0.8620 0.8630 Buyers 0.8535 0.8525 0.8510 0.8500 0.8485 0.8475 ( stops below 0.8470 if breached ) 0.8450 |
| Posted: 22 Aug 2013 12:54 AM PDT Currently 98.20 Sellers 98.35 98.45 98.50 98.65 98.75 98.90 99.00 99.20 Buyers 98.00 97.85 97.65 97.50 97.00 96.90 |
| AUDUSD climbs back above 0.9000 Posted: 22 Aug 2013 12:41 AM PDT Reports of its death are greatly exaggerated, for the moment at least A decent recovery from the post-FOMC lows of 0.8932 Currently 0.9015 heading into offers between 0.9220-50 |
| German Markit flash manufacturing PMI august: 52.0 vs 51.2 exp Posted: 22 Aug 2013 12:28 AM PDT
Euro now higher on the better than expected data Keep up out there ! EURUSD 1.3347 EURGBP 0.8556 EURJPY 131.07 Next up EZ flash PMI at 07.58 GMT |
| Euro knocked back by weaker French PMI data Posted: 22 Aug 2013 12:11 AM PDT EURUSD has fallen to 1.3322 from 1.3350 on the weaker than expected data Bids around here but stop loss selling seen below 1.3320 with more buyers lined up at 1.3300 as per my earlier orderboard EURGBP finding a few buyers in the dip to 0.8535 and EURJPY holding at 130.80 for the moment having dropped back through 131.00 Next up is the German flash mgtg PMI at 07.28 GMT |
| European equity markets open firmer Posted: 22 Aug 2013 12:06 AM PDT
|
| Shanghai comp index closes down 0.28% at 2067.12 Posted: 22 Aug 2013 12:03 AM PDT |
| French Markit flash manufacturing PMI august: 49.7 vs 50.3 exp Posted: 21 Aug 2013 11:58 PM PDT
Euro lower on the weaker than expected data EURUSD 1.3332 EURGBP 0.8538 EURJPY 130.87 |
| Posted: 21 Aug 2013 11:41 PM PDT Currently 1.5606 Sellers 1.5625 1.5650 1.5665 1.5675 1.5685 1.5700 1.5725 1.5750 Buyers 1.5580 1.5570 1.5560 1.5550 1.5525 1.5500  GBPUSD orders 22 August |
| Swiss trade balance july: CHF +2.38 bln vs 2.82 bln prev Posted: 21 Aug 2013 11:11 PM PDT
|
| Eurostoxx 50 futures down 0.2% in early trading Posted: 21 Aug 2013 11:09 PM PDT
Bund futures down 34 at 139.80
|
| Nikkei closes lower at 13,365.17 Posted: 21 Aug 2013 11:06 PM PDT
|
| Posted: 21 Aug 2013 10:58 PM PDT Currently 0.8987 Sellers 0.9005 0.9020 0.9040 0.9050 0.9070 0.9090 0.9100 0.9150 Buyers 0. 8975 0.8965 0.8950 0. 8930 0.8920 0.8900 0.8880  AUDUSD orders 22 August 2013 |
| Posted: 21 Aug 2013 10:49 PM PDT Currently 1.3341 Sellers 1.3375 1.3385 1.3400 1.3420 1.3450 1.3475 1.3485 1.3500 Buyers 1.3330 1.3325 ( stop loss selling below 1.3320) 1.3300 1.3285 1.3250  EURUSD orders 22 August |
| Nikkei quiet moving into the final hour Posted: 21 Aug 2013 10:05 PM PDT Hopefully that headline should get it moving now at least!
|
| You are subscribed to email updates from ForexLive To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment