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• Italian Q2 GDP prelim:-0.2% vs -0.4%
• June UK Industrial output 1.1% vs 0.6% m/m
• Technical levels 6 August
• Italian industrial output july: m/m sa +0.3% vs +0.4% exp
• AUDUSD orders 6 August
• Trading Ideas 6 August
• USDJPY orders 6 August
• EURGBP orders 6 August
• EURUSD orders 6 August
• GBPUSD orders 6 August
• Shanghai Comp Index closes up 0.49% at 2060.50
• European equity markets open mixed
• UK Halifax house price index july: m/m +0.9% vs +0.5% exp
• AUDUSD forges higher still after RBA cut
• ECB’s Praet says forward guidance includes an easing bias
• Eurostoxx 50 futures down 0.1%
• Nikkei closes up 1% at 14,401.06
• Nikkei higher into the close
• Rain stops (fair) play
• Irish services PMI july: 57.6 vs 54.9 prev

Italian Q2 GDP prelim:-0.2% vs -0.4% Posted: 06 Aug 2013 02:00 AM PDT -0.6% prev y/y -2.0% vs  -2.2% exp -2.4% prev

June UK Industrial output 1.1% vs 0.6% m/m Posted: 06 Aug 2013 01:30 AM PDT Prior 0.0% 1.2% vs 0.7% exp y/y. Prior -2.3% Manufacturing output  1.9% vs 0.9% exp m/m. Prior -0.8%. 2.0% vs 0.9% exp y/y. Prior -2.9% That’s a massive increase with Industrial output the highest since Jan 2011 and Manu output highest since July 2012. Cable bolts up to 1.5392 from 1.5365 and EUR/GBP shakes 20 pips from 0.8639 to 0.8619. If I was a yank I’d be shouting USA USA USA while running round the room.

Technical levels 6 August Posted: 06 Aug 2013 01:26 AM PDT Morning folks Here are today’s levels.

Italian industrial output july: m/m sa +0.3% vs +0.4% exp Posted: 06 Aug 2013 01:00 AM PDT +0.1% prev y/y -2.1% vs -3.3% -4.25 prev

AUDUSD orders 6 August Posted: 06 Aug 2013 12:52 AM PDT Currently 0.8978 Sellers 0.8990 0.9000 ( also option related ) 0.9010 0.9020 0.9030 0.9040 0.9050 0.9070 0.9100 Buyers 0.8950 0.8940 0.8925 0.8900 0.8880 0.8850 0.8820 0.8800

Trading Ideas 6 August Posted: 06 Aug 2013 12:45 AM PDT In response to overwhelming reader demand ( well, Chief actually ! )  I’m going to start posting this thread a little earlier. Feel free to join in, as and when you are suitably inspired Reasons welcome as always

USDJPY orders 6 August Posted: 06 Aug 2013 12:40 AM PDT Currently 98.41 Sellers 98.60 98.75 98.90 99.00 99.15 99.25 99.50 99.70 100.00 Buyers 98.15 98.00 97.85 97.65 97.50 97.40 97.25 97.00

EURGBP orders 6 August Posted: 06 Aug 2013 12:32 AM PDT Currently 0.8638 Sellers 0.8650 0.8675 0.8690 0.8700 0.8745 0.8770 0.8790 0.8800 0.8810/15 Buyers 0.8630 0.8625 0.8610 0.8600 0.8585 0.8565 0.8550

EURUSD orders 6 August Posted: 06 Aug 2013 12:23 AM PDT Currently 1.3253 Sellers 1.3270 1.3280 1.3300 1.3310 ( stop loss buying if breached) 1.3335 1.3345 1.3350 1.3380 1.3400 Buyers 1.3240 1.3230 1.3220 1.3210 1.3200 1.3190 1.3180 1.3165 1.3150

GBPUSD orders 6 August Posted: 06 Aug 2013 12:19 AM PDT Currently 1.5339 Sellers  1.5355 1.5370 1.5380 1.5400 ( stop loss buying if breached) 1.5420 1.5435 1.5450 Buyers 1.5325 1.5300 1.5280 1.5250 1.5240 1.5200 1.5180 1.5150

Shanghai Comp Index closes up 0.49% at 2060.50 Posted: 06 Aug 2013 12:07 AM PDT

European equity markets open mixed Posted: 06 Aug 2013 12:06 AM PDT FTSE -0.2% DAX  -0.2% CAC 40 flat IBEX +0.2% FTMIB +0.1%

UK Halifax house price index july: m/m +0.9% vs +0.5% exp Posted: 06 Aug 2013 12:02 AM PDT +0.6% prev 3 mth y/y  +4.6 % vs 4.3% exp  3.7% prev highest annual rate since aug 2010 Better than expected and supports other HPI data for UK but not a game changer Cable still 1.5340

AUDUSD forges higher still after RBA cut Posted: 05 Aug 2013 11:37 PM PDT The pair has continued to grind higher as shorts cover positions after the RBA delivered a 0.25% cut as widely expected Strong resistance at 0.9000 proving one step too far for the moment with 0.8989 highs posted Currently 0.8987 and picking up bids in the dips

ECB’s Praet says forward guidance includes an easing bias Posted: 05 Aug 2013 11:27 PM PDT I think we know that already Out on reuters conveys the notion that ECB has not reached lower limit on interest rates ECB has not run out of ammunition further interest rate cuts if inflation outlook warrants Nothing new here really from the ECB chief economist EURUSD a tad lower at 1.3247

Eurostoxx 50 futures down 0.1% Posted: 05 Aug 2013 11:04 PM PDT DAX futures -0.1% CAC40 -0.1%

Nikkei closes up 1% at 14,401.06 Posted: 05 Aug 2013 11:02 PM PDT + 143.02 high 14,401.06 low 14,031.61 USDJPY 98.43

Nikkei higher into the close Posted: 05 Aug 2013 10:57 PM PDT Posting session highs of  14,371.22 USDJPY up to 98.43 from 98.22

Rain stops (fair) play Posted: 05 Aug 2013 10:54 PM PDT So, England retain the Ashes with the help of the first rain interruption of the series. There is little doubt, even to the most partisan Pom, that the Aussies had the upper hand in this Test and deserve the accolades. Whether they could have bowled England out we’ll never know, but we were definitely up against it yesterday with the Aussie bowlers at full output After the one-way traffic of Lords it was great to see the whole Australia team come out with such a positive attitude and it bodes well for two great matches to come. Not a great way to retain the Ashes but I’ll take it, and I still think we can improve ( we have to bat better at the top end) to shrug off whatever else the Aussies can throw up and we’ll win at least one, if not both, of the remaining Tests. Either way they promise to be a real contest as befits the occasion.

Irish services PMI july: 57.6 vs 54.9 prev Posted: 05 Aug 2013 10:07 PM PDT highest reading since april 2007

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