== $ == Banks Orders Book == $ ==

[Abo Abdullah]

Fed's Dudley saying more of the same: Moderation of bond purchases depends on economic data; even as Fed tapers purchases, they will still be adding monetary stimulus; labor market cannot be regarded as healthy; Fed may taper mid-2014 if sub-7% jobless

AUD/USD pushing towards .9130 stops as USD strengthens across the board

USD/JPY - Next major resistance at the 101.00 barrier; light stops starting to line up above that figure

[Abo Abdullah]

Portuguese Prime Minister will make statement to the nation as borrowing costs surge

[Abo Abdullah]

EU Portuguese govt defection WEIGHS on Euro

Two Portuguese govt resignations in as many days hits EUR/USD
Today Foreign Minister Portas quits, also heads the CDS-PP
Yesterday Fin Min Gaspar quit due to austerity measure push-back
Uncertainty weighs & macros sell EUR/USD, intra-day longs may get hurt
Large stops through 1.2980 more through 1.2970, they could entice

[Abo Abdullah]

Portugal’s Expresso is reporting that the junior partner in the government — CDS-PP — is quitting.

[Abo Abdullah]

USD strengthens across the board and continuing to show strong demand

[Abo Abdullah]

أخواني بالاضافه للطلب على الدولار الضغط الان على اليورو بسبب مشاكل البرتغال يعني اصبح السبب

سياسي و اقتصادي وليس فقط اقتصادي او فني لا نعلم الى اي مدى سوف تؤثر هذه الاخبار ومتى

تنتهي مفعولها , عندما يصبح الضغط على اي عمله بسبب سياسي يجب ان نفكر الف مره قبل الدخول

بها مع وضع الستوب طبعا وتوقع السيناريو الاسوء قبل اتخاذ القرار مهما كان السعر مغري الى ان

نتأكد من زوال الضغط على العمله بسبب وضع سياسي معين , عندها الامور تكون اهون ان شاء الله ,

وفقكم الله ورزقكم .

[Abo Abdullah]

Bad day for Portuguese-speaking countries all around

The government is teetering in Portugal and it’s not much better in its former colony. The Brazilian Bovespa is down a whopping 4.4% today, hitting a fresh low since 2009. Since the end of May, the index is down nearly 21%.

[Abo Abdullah]

Euro holding the lows, awaiting news on Portugal

The latest chatter is that Portugal`s PM Coehlo won`t resign. That`s not a surprise, as there was no serious talk he would quit.

EURUSD is hovering near the session low of 1.2990 but the more-important level is 1.2985. If that breaks, the selling could quickly escalate.

Coehlo is scheduled to deliver a national address at the top of the hour. Afterwards, opposition politicians will reportedly call for early elections

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EUR/USD - Large stops under 1.2980 getting cleared late in the session

[Abo Abdullah]

Euro topples to four-week low
The euro broke through 1.2985 to the lowest since June 3.
Further confirmation that Coelho will not resign is coming via a report in Negocios. Euro looking awfully weak now.

[Abo Abdullah]

Macro accounts now selling EUR/USD, trapping the longs that entered on the recent rally

[ابو لاما]

بارك الله بك عزيزي ابو عبدالله وجزاك الف خير متابع معاك
تقبل خالص تحياتي

[Abo Abdullah]

بارك الله بك عزيزي ابو عبدالله وجزاك الف خير متابع معاك
تقبل خالص تحياتي

نورت الموضوع يالغالي , من طول الغيبات جاب الغنايم , وفقك الله ورزقك

[Abo Abdullah]

Portuguese PM says he will work in the coming hours to overcome crisis
•He was surprised by the resignation of the foreign minister but accepted it and has not accepted it
•Says he will not step down
•Differences can be overcome
No blockbuster announcements so that removes some uncertainty and is a positive for the euro (at least for a few hours).