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- Pound pops up after Q2 GDP revision
- UK BBA mortgage approvals july: 37.2k vs 37.3 prev
- UK Q2 GDP 2nd reading: +0.7 % vs +0.6% exp
- EURJPY orders 23 August
- AUDUSD orders 23 August
- EURGBP orders 23 August
- GBPUSD orders 23 August
- ECB’s Nowotny sees no immediate reason for a rate cut
- UK Q2 GDP second-reading view
- European equity markets open mixed
- Shanghai comp index closes down 0.47% at 2057.46
- AUDUSD finds support at 0.8985
- EURUSD orders 23 August
- USDJPY finds fresh legs
- Eurostoxx 50 futures +0.3% in early trading
- German final Q2 GDP: q/q +0.7% vs +0.7% prev reading
- Nikkei closes up 2.21% at 13,660.55
- German fin min Schaeuble says its good that ECB will raise interest rates when economy improves
- Nikkei turns lower again
- USDJPY orders 23 August
| Pound pops up after Q2 GDP revision Posted: 23 Aug 2013 01:55 AM PDT We’ve seen traders clamour for the pound on the release of the confirmation of Q2 GDP second reading to +0.7% vs +0.6% prev Cable jumped from 1.5601 and took out the sell interest around 1.5625 but has found plenty of initial supply to 1.5638 with traders positioned long into the release. EURGBP is back to 0.8552 after dipping to 0.8541 Other GBP pairs little changed I think the jury’s still out on a further rally, with both bulls and bears happy with the outcome so far. |
| UK BBA mortgage approvals july: 37.2k vs 37.3 prev Posted: 23 Aug 2013 01:37 AM PDT
Not a game changer Cable chewing through the offers Now 1.5634
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| UK Q2 GDP 2nd reading: +0.7 % vs +0.6% exp Posted: 23 Aug 2013 01:30 AM PDT
In line with some of the forecasts that I highlighted earlier GBPUSD up to test sell interest around 1.5625 High post 1.5630 Currently 1.5620 EURGBP down to 0.8540
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| Posted: 23 Aug 2013 01:25 AM PDT Currently 132.04 Sellers 132.35 132.50 132.75 133.00 133.20 133.50 133.80 134.00 Buyers 131.80 131.50 131.10 131.00 130.80 130.50 |
| Posted: 23 Aug 2013 01:22 AM PDT Currently 0.8993 Sellers 0.9030 0.9040 0.9050 0.9075 0.9090 0.9100 0.9150 Buyers 0.8985 0.8970 ( stop loss selling if breached ) 0.8950 0.8935 0.8920 0.8900 0.8880 |
| Posted: 23 Aug 2013 01:19 AM PDT Currently 0.8556 Sellers 0. 8575 0.8585 0.8600 0.8610 0.8620 0.86230 0.8640 0.8650 Buyers 0.8540 0.8520 0.8510 0.8500 0.8485 0.8475 |
| Posted: 23 Aug 2013 01:15 AM PDT Currently 1.5588 Sellers 1.5610 1.5620 1.5625 1.5640 1.5650 1.5685 1.5700 1.5720 1.5750 Buyers 1.5575 1.5565 1.5550 ( stop loss selling if breached ) 1.5525 1.5510 1.5500 1.5490 1.5475 1.5450  GBPUSD orders 23 August |
| ECB’s Nowotny sees no immediate reason for a rate cut Posted: 23 Aug 2013 12:37 AM PDT Quoted on Bloomberg
Nothing new in his position EURUSD 1.3335 |
| Posted: 23 Aug 2013 12:29 AM PDT There’s been a lot of talk over the past few days that we will see an upward revision to the preliminary reading from +0.6% to +0.7% due to better than expected data in the interim. My view is that this level of revision has been factored in and we could yet again see a buy rumour/sell fact scenario today with the release at 08.30 GMT There’s no doubting that an upward revision is a GBP- positive and of course if it’s better than +0.7% we’ll all applaud loudly and the pound will soar in the short term at least. If it comes in at 0.6% as previously then we’ll see a dip on the immediate disappointment even though it’s a decent number. Any downward revision will definitely cause a big slap lower. There’s strong resistance at 1.5700-20 still despite popping the barrier earlier this week. Good buy interest still at 1.5550 but with stop loss selling below if breached with more demand seen at 1.5500. Currently 1.5596 with immediate offers reported at 1.5625 Strong sell interest at 0.8585-0.8610 on EURGBP may well come into play if the pound does get sold off, putting a brake on immediate further cable decline. Of course, it may all just turn out to be an end of week anti-climax. Let’s hope not. |
| European equity markets open mixed Posted: 23 Aug 2013 12:11 AM PDT
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| Shanghai comp index closes down 0.47% at 2057.46 Posted: 23 Aug 2013 12:07 AM PDT |
| AUDUSD finds support at 0.8985 Posted: 22 Aug 2013 11:51 PM PDT Early Europe selling on this pair has run into support at 0.8985 More buy orders reported at 0.8970 with stop loss selling if breached into more bids at 0.8950 Sellers noted at 0.9040-50 Currently back to 0.9004 |
| Posted: 22 Aug 2013 11:38 PM PDT Currently 1.3340 Sellers 1.3350 1.3365 1.3380 1.3400 1.3410 1.3420 ( stop loss buying if 1.3425 breached ) 1.3450 Buyers 1.3325 1.3310 1.3300 1.3285 ( stop loss selling if 1.3280 breached) 1.3265 1.3250 1.3210 1.3200  EURUSD orders 23 August |
| Posted: 22 Aug 2013 11:24 PM PDT Early Europe picking up a few on this pair Bouncing from the 98.85 level I reported earlier where some buy orders were lurking Now posting new session highs at 99.14 ahead of good sell interest at 99.20 and 99.50 Currently 99.09 |
| Eurostoxx 50 futures +0.3% in early trading Posted: 22 Aug 2013 11:20 PM PDT
Bund futures up 4 at 139.77
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| German final Q2 GDP: q/q +0.7% vs +0.7% prev reading Posted: 22 Aug 2013 11:06 PM PDT
Nothing of note in the headline but EURUSD a little lower again at 1.3336 |
| Nikkei closes up 2.21% at 13,660.55 Posted: 22 Aug 2013 11:05 PM PDT
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| German fin min Schaeuble says its good that ECB will raise interest rates when economy improves Posted: 22 Aug 2013 11:01 PM PDT Quote comes from a newspaper interview cited by Reuters No great surprises here EURUSD taking a little comfort though and up slightly to 1.3343 |
| Posted: 22 Aug 2013 10:52 PM PDT Dragging USDJPY with it down to 98.85 I noted strong offers at 99.20 and Guitar 7 in the comments refers to a Kumo cloud- linked sell signal with a bit of % retracement thrown in for good measure between 99.06/15 for those of you who follow the analysis Nikkei currently down to 13,619.57 as we approach the final bell |
| Posted: 22 Aug 2013 10:32 PM PDT Currently 99.00 off session highs of 99.11 Sellers 99.20 99.30 99.40 99.50 99.70 99.90 100.00 Buyers 98.85 98.65 98.40 98.30 98.10 98.00 97.85 97.50  USDJPY orders 23 August |
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