More from the orderboard 28 May
By Mike Paterson on May 28, 2014 04:42 am
Ryan off again today so forgive me if I don't get chance to chat in the comments as much as I/you would like/need USDCHF currently 0.8976 looking well supported still but approaching good resistance/offers so we'll see what happens Sellers 0.8985 0.9000 (stops above) 0.9025 0.9040-50 Buyers 0.8960 0.8945 0.8935 0.8925 0.8900 0.8885 EURCHF currently 1.2227 ditto the above[DEL: :DEL] Sellers 1.2235-40 1.2250 1.2265 1.2280 (stops above) Buyers 1.2215 1.2200 1.2185-75 1.2165 1.2150-40 USDCAD currently 1.0856 and still supported by corporate bids from 1.0835 Sellers 1.0875 1.0900-10 1.0925-30 1.0945 1.0975-85 Buyers 1.0835 1.0810-0800 1.0785 NZDUSD currently 0.84[DEL: 98 :DEL] 95 and still on the back foot after poor data and solid AUDNZD buying. 20th March 0.8502 lows and 0.8500 bids now breached Sellers 0.8525 0.8550 0.8585 0.8600-10 Buyers 0.8475 0.8460 0.8440
Eurozone M3 money supply annual growth +0.8% vs +1.1% exp
By Mike Paterson on May 28, 2014 04:03 am
* +1.0% prev revised down from +1.1% * prvt loans -1.8% vs -2.1% exp vs -2.2% prev * M3 3-month moving average 1.0% vs 1.1% prev revised down from +1.2% Bank lending still contracting overall Euro still stuck at 1.3620, 0.8123 and 138.70 on the data. Talk of good size EURUSD barrier at 1.3600 providing some bids
German unemployment change May sa +24k vs -15k exp
By Mike Paterson on May 28, 2014 03:55 am
* unemployment total nsa 2.882 mln vs 2.8 exp vs 2.9 mn prev * sa 2.905 mln vs 2.881 mln prev revised up from 2.872 mln * unemployment rate 6.7% as exp/prev Euro a tad lower on the weaker than expected data * West German unemployment rose by 16,018 * East German unemployment rose by 7,919 http://www.forexlive.com/wp-content/uploads/2014/05/German-unemployment-change.jpg German unemployment change
EURJPY orders 28 May
By Mike Paterson on May 28, 2014 03:50 am
Currently 138.73 near session lows and right on decent bids Sellers 139.00 139.15 139.35-40 139.50 140.00 Buyers 138.70 138.50 138.00 137.85 137.50
China's MOF says it will speed up budget spending to support economic growth
By Mike Paterson on May 28, 2014 03:16 am
The Ministry of Finance said it will speed up budget spending to support economic growth. In a statement, the finance ministry said downside pressure on the economy remains and the difficulties shouldn't be underestimated. It said the process of fiscal spending is relatively slow and much funding remains unspent. The Finance Ministry urged all its local branches to speed up the approval, transfer and spending of budget funds to boost growth and adjust the economy's structure. MNI reporting
BOJ reports FY2013 operating profit of JPY 1.28 trillion
By Mike Paterson on May 28, 2014 03:14 am
* net income JPY 724.5 bln * BOJ transfers JPY 574.94 bln to govt * transfers JPY 144.8 bln to legal reserve, 20% of net income * BOJ capital ratio 7.74% BOJ out with its 2013 statement
EURGBP orders 28 May
By Mike Paterson on May 28, 2014 03:00 am
Currently 0.8123 on the rise again as traders anticipate the usual month-end buying. Offers now exhausted between 0.8115-20 but more on the horizon which may well coincide with the strong cable support at 1.6770-75 that I've just highlighted Sellers [DEL: 0.8115-20 :DEL] 0.8125 0.8135 0.8150 0.8160 Buyers 0.8100 0.8080-85 0.8070 0.8050 0.8035 0.8000
French producer prices April -0.1% vs -0.4% prev
By Mike Paterson on May 28, 2014 02:45 am
French consumer spending April mm -0.3% vs +0.3% exp vs +0.6% prev revised up from +0.4% EURUSD a tad lower at 1.3627
Trading Ideas – European session 28 May
By Mike Paterson on May 28, 2014 02:37 am
Ok good people, it's time for the community singalong again It's Wednesday and I feel a scrappy day ahead as we start to lead into some month-end flows How about you ? What's on your own orderboards ? IFRAME: [1]http://www.youtube.com/embed/8DGvJSuoI3A?feature=oembed References 1. http://www.youtube.com/embed/8DGvJSuoI3A?feature=oembed
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