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• EURGBP orders 8 August
• EURJPY orders 8 August
• ECB lowers growth forecast for 2013 to -0.6% from -0.4%
• Technical levels 8 August
• AUDUSD orders 8 August
• GBPUSD orders 8 August
• USDJPY orders 8 August
• BOJ’s Kuroda:Will take appropriate action if tail risk threatens BOJ price target
• BOE’s Carney: Doesn’t want to make “Japan style” mistakes on UK recovery
• EURUSD pops higher again
• European equity markets open slightly firmer
• Shanghai Comp Index closes down 0.09% at 2044.90
• EURUSD orders 8 August
• Eurostoxx 50 futures up 0.4%
• German trade balance july: EUR +15.7 bln vs 14.9 bln exp
• Nikkei closes down 1.59% at 13,605.66
• Japan current account june: unadj JPY + 336.3 bln vs 393 bln exp
• Nikkei off its lows into the close
• EURUSD pops 1.3350 barrier
• Swiss unemployment july: unadj 3.0% vs 2.9% exp

EURGBP orders 8 August Posted: 08 Aug 2013 01:58 AM PDT Currently 0.8608 Sellers 0.8625 0.8630 0.8645 0.8675 0.8700 0.8730 0.8750 Buyers 0.8595 0.8580 0.8565 0.8540 0.8520 0.8500 0.8485

EURJPY orders 8 August Posted: 08 Aug 2013 01:53 AM PDT Currently 129.56 Sellers 128.75 129.00 129.25 129.50 129.75 130.00 130.25 Buyers 128.00 127.90 127.50 127.20 127.00

ECB lowers growth forecast for 2013 to -0.6% from -0.4% Posted: 08 Aug 2013 01:26 AM PDT Lowers 2014 to 0.9% from 1.0% 2013 inflation at 1.5% vs 1.7% previously 2014 inflation at 1.5% vs 1.6% Economic stabilisation tentatively seen in data Monetary, credit dynamics remain subdued Sees slow economic recovery in 2014 Expects interest rates to remain at present or lower levels The forecasts keep coming down in the euro area. The last GDP read was -1.0% y/y.

Technical levels 8 August Posted: 08 Aug 2013 01:23 AM PDT Good morning Quite a bit of re-writing on the cable levels and my sterling charts are all blown out wide. Pain in the bum is what it is.

AUDUSD orders 8 August Posted: 08 Aug 2013 01:21 AM PDT Currently 0.9057 Sellers 0.9090 0.9100 0.9115 0.9125 0.9150 0.9160 ( stop loss buying if breached) 0.9190 0.9200 Buyers 0.9020 0.9000 0.8975 0.8950 0.8920 0.8900 0.8880

GBPUSD orders 8 August Posted: 08 Aug 2013 01:17 AM PDT Currently 1.5493 Sellers 1.5520 1.5530 1.5540 1.5550 1.5580 1.5595 1.5605 1.5620 1.5650 Buyers 1.5485 1.5455 1.5435 1.5425 1.5410 1.5400 1.5370 1.5350

USDJPY orders 8 August Posted: 08 Aug 2013 01:08 AM PDT Currently 96.28 Sellers 96.50 96.65 96.75 96.90 97.00 97.20 97.50 97.75 98.00 Buyers 96.15 96.00 (possible barrier option ) 95.80 95.65 95.50 95.00 ( barrier related)

BOJ’s Kuroda:Will take appropriate action if tail risk threatens BOJ price target Posted: 08 Aug 2013 12:34 AM PDT Presser detail now being released after usual embargo premature to discuss exit strategy for Japan vital for govt to achieve fiscal consolidation BOJ forecasts include effects of planned sales tax hike Japan can recover even if exports don’t rise sharply sees risks linked to overseas economy falling slightly US economy is strong and there are signs of improvement in Europe core CPI  +0.4% in line with BOJ forecast possible to raise sales tax and still escape deflation even after sales tax hike Japan can expand sbove its potential growth rate important in next fiscal year to reduce budget deficit Chinese growth slowing but will stablize due to domestic demand BOJ board members wanted to see more hard data showing improvement in Capex The usual from Kuroda but USDJPY higher at 96.40

BOE’s Carney: Doesn’t want to make “Japan style” mistakes on UK recovery Posted: 08 Aug 2013 12:28 AM PDT Speaking on BBC radio’s Today show UK in early stages of recovery from very weak position 2% inflation remains primary target not binding successors to current decisions unlikely MPC will change views outside “knockouts” early stages of recovery does not appear credit driven finds it striking that no women on MPC ( a back foot defence against his original stance not wanting women on uk bank notes which caused great protest ) GBP lower at 1.5490 fr0m 1.5519. I stand by my view that yesterday changed little. And yes I’m now short at 1.5490 and 1.5512 Let’s see what happens in the clear light of day

EURUSD pops higher again Posted: 08 Aug 2013 12:12 AM PDT 1.3369 from 1.3340 Not sure of reason why so far Other euro pairs being dragged up too Maybe EURJPY led but EURGBP also higher with cable trailing On the case

European equity markets open slightly firmer Posted: 08 Aug 2013 12:06 AM PDT FTSE +0.1% DAX +0.1% CAC40 +0.2% IBEX +0.2% FTMIB +0.2%

Shanghai Comp Index closes down 0.09% at 2044.90 Posted: 08 Aug 2013 12:04 AM PDT

EURUSD orders 8 August Posted: 07 Aug 2013 11:42 PM PDT Currently 1.3335 Sellers 1.3355 1.3360 1.3385 1.3400 1.3410 1.3430 1.3450 1.3485 Buyers 1.3330 1.3320 1.3300 1.3285 1.3270 1.3245 1.3235-30

Eurostoxx 50 futures up 0.4% Posted: 07 Aug 2013 11:13 PM PDT DAX futures up 0.3% CAC 40 futures +0.2% Bund futures up 20 at 142.46

German trade balance july: EUR +15.7 bln vs 14.9 bln exp Posted: 07 Aug 2013 11:08 PM PDT EUR +14.6 bln revised up from 14.1 bln imports -0.8% vs +0.5% exp +1.4% prev revised down from +1.7% exports sa +0.6% vs +1%  -2% prev revised up from -2.4% EURUSD 1.3336

Nikkei closes down 1.59% at 13,605.66 Posted: 07 Aug 2013 11:02 PM PDT -219.56 high 14,031.14 low 13,556.65 USDJPY 96.26

Japan current account june: unadj JPY + 336.3 bln vs 393 bln exp Posted: 07 Aug 2013 11:01 PM PDT -20.6% Out earlier. just repeating

Nikkei off its lows into the close Posted: 07 Aug 2013 10:56 PM PDT 13,646.91 low 13,556.65 USDJPY 96.28 from 96.17

EURUSD pops 1.3350 barrier Posted: 07 Aug 2013 10:53 PM PDT Reported barrier finally taken out but, as often happens, no follow through as yet High 1.3353 Currently 1.3346

Swiss unemployment july: unadj 3.0% vs 2.9% exp Posted: 07 Aug 2013 10:46 PM PDT 2.9% prev adj 3.2 %  vs 3.2% exp/prev

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