ECB President Draghi up later at 14.30 gmt

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• EURUSD finding good offers above 1.3370
• Cable back to 1.5480- Middle East names buying
• Asian sovereign buying – EURJPY prime mover
• Euro higher – more sovereign buying cited
• ECB President Draghi up later at 14.30 gmt
• Eurozone December Current Account balance eur 27 b v 20.8 b in Nov
• Cable steadies after stops triggered through 1.5450
• Eurozone current account data coming up at 09.00 gmt
• Sovereign names buying EURUSD
• More GBPUSD bids lining up at 1.5420 & 1.5400
• Cable pops 1.5450..
• Good two-way business on GBPUSD
• GBPUSD finds early sellers. Barrier option interest at 1.5450 next stop ?
• USDJPY pops back up over 94.00
• Ideas Corner
• Order board- EURUSD
• Come tell it one and all…Who’s talking today….
• Little data and a US holiday but will the market take a pause for breath..?
• Order board- AUDUSD
• Option expiries – 10 am NY cut

EURUSD finding good offers above 1.3370 Posted: 18 Feb 2013 01:58 AM PST I’m hearing that the SNB could be unloading a few of their many Euros again up there/here

Cable back to 1.5480- Middle East names buying Posted: 18 Feb 2013 01:52 AM PST GBPUSD having a decent recovery helped by some decent buying interest from Middle East names Talk of good offers between 1.5500-10 I did say there was good two-way interest !

Asian sovereign buying – EURJPY prime mover Posted: 18 Feb 2013 01:35 AM PST Talk of giant panda driving this pair forcing Eur higher across the board 125.91 high posted from 125.46 Strong offers reported 125.90-00

Euro higher – more sovereign buying cited Posted: 18 Feb 2013 01:30 AM PST EURUSD up to 1.3375 after the buying down at 1.3320-5 from sovereign names that we reported Asian sovereign  buying again driving this higher we hear

ECB President Draghi up later at 14.30 gmt Posted: 18 Feb 2013 01:22 AM PST You can follow  proceedings  here http://www.europarl.europa.eu/ep-live/en/committees/video?event=20130218-1530-COMMITTEE-ECON also a few others speaking before then.. check out my earlier post for details.. http://www.forexlive.com/blog/2013/02/18/come-tell-it-one-and-all-whos-talking-today/

Eurozone December Current Account balance eur 27 b v 20.8 b in Nov Posted: 18 Feb 2013 01:02 AM PST EZ December Current  nsa account balance   for November revised up  20.8 from 19.8 in November sa December balance + eu 13.7 b versus +13 bio ( revised up from 12.6 b  ) Add: The data wasn’t expected to have much impact and so its proved EURUSD a tad lower at 1.3334

Cable steadies after stops triggered through 1.5450 Posted: 18 Feb 2013 12:57 AM PST Cable trading back at 1.5460 after posting 7 month lows at 1.5438. Good two-way business still.

Eurozone current account data coming up at 09.00 gmt Posted: 18 Feb 2013 12:49 AM PST Coming up shortly Plus EZ net investment flows Last time  Eur 19.8 b and 26.2 b respectively

Sovereign names buying EURUSD Posted: 18 Feb 2013 12:33 AM PST Talk of sovereign names on the bid just now in the 1.3320-25 buying order area I mentioned earlier.

More GBPUSD bids lining up at 1.5420 & 1.5400 Posted: 18 Feb 2013 12:30 AM PST Hearing talk of more bids on cable at 1.5420 and another barrier option interest at 1.5400. Seems like bids and barriers have just been a magnet so far but we’ve come a decent way already this morning.

Cable pops 1.5450.. Posted: 18 Feb 2013 12:22 AM PST Well, I did say it looked a little heavy on that last rally……..

Good two-way business on GBPUSD Posted: 18 Feb 2013 12:10 AM PST Seems like those bids I mentioned between 1.5450-60 are giving a little support but it still feels heavy to me, witnessing that rally above 1.5480 just now. I will resist the temptation to have a mini-poll of which we will see first, 1.5440 or 1.5490, but it’s a close call huh ?

GBPUSD finds early sellers. Barrier option interest at 1.5450 next stop ? Posted: 17 Feb 2013 11:47 PM PST Cable has seen some early sellers testing previous recent lows. Bids reported at 1.5460 and then more ahead of reported barrier option interest at 1.5450.

USDJPY pops back up over 94.00 Posted: 17 Feb 2013 11:28 PM PST Early buyers of USDJPY Currently 94.09 having briefly dipped below 93.90. Talk of good selling interest around 94.20 still.

Ideas Corner Posted: 17 Feb 2013 11:14 PM PST Ok, as Europe starts to open up what do our wonderful ForexLive readers and traders think ? Post your thoughts/trade ideas here.

Order board- EURUSD Posted: 17 Feb 2013 10:46 PM PST Hearing the following orders in the immediate vicinity on this pair : Offers at 1.3365-80, with some stop loss buying above if breached Bids 1.3320-25 with stop loss selling below if breached Will bring more to you as I hear them.

Come tell it one and all…Who’s talking today…. Posted: 17 Feb 2013 10:39 PM PST And following on from my last post here’s a few of the EU notables uttering forth today… GMT 09.00 -ECB’s Nowotny speaks in Vienna 10.00- Bundesnbank member Dombret speaks in Hamburg 11.00- Bundesbank scheduled to release its latest monthly report 14.30- ECB President Draghi appears before the Economic and Monetary Affairs Committee 16.30- German Chancellor Merkel speaks at the Chamber of Industry & Commerce Rheinhessen in Mainz.

Little data and a US holiday but will the market take a pause for breath..? Posted: 17 Feb 2013 10:31 PM PST Given the fun and games of last week, we begin this one with little in the way of data out today, and the US on holiday for President’s Day. So we might reasonably see a quieter session,  except that experience tells us always to expect the unexpected with various EU notables speaking today including Mr Draghi, and I’m sure we’ll have some post-G20 rhetoric thrown in at some point. Plenty going on out there still to keep us on our toes………

Order board- AUDUSD Posted: 17 Feb 2013 10:00 PM PST Hearing the following: Bids 1.0265-70 Larger bids at 1.0250, then 1.0235-40 Offers 1.0320, 1.0350 Larger offers @ 1.0400, 1.0415-20, 1.0450

Option expiries – 10 am NY cut Posted: 17 Feb 2013 09:45 PM PST EURUSD  1.3000,1.3375,1.3400, 1.3500 GBPUSD  1.5600, 1.5710, 1.5725 USDJPY  91.50, 92.00, 92.50-60-90, 93.25, 94.00 AUDUSD  1.0285, 1.0300, 1.0385 EURCHF  1.2320