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

[Abo Abdullah]

As the Buck SURGESs Euro dies a slow DEATH
A US recovery and the possibility of Fed tapering QE is giving investors plenty of reason to buy the dollar, while there are increasingly fewer reasons to purchase the euro. Political turmoil in Portugal this week reminds investors that disarray in Europe can still send shockwaves throughout markets, ECB President Mario Draghi is expected to take a dovish tone at Thursday's press conference and the market appears ready to buy the dollar and sell other G10 currencies even on an average US unemployment release Friday. This is not a good combination for the euro, which is down some 0.7%, hitting a session low of $1.2963 recently. ([email protected])

[Abo Abdullah]

EUR Briefing - New York

[NEW YORK July 2, 2103 20:11 GMT] An o/n break of the 200 & 100 DMAs was thwarted on Europe’s open as Asian names sold 1.3075/80 & had more to go into 1.3100 along with s-t specs. The drop from 1.3078 was aided by sovs & EUR/USD sat 1.3030 at NY’s open. Macro & RM accts were noted sellers at NY’s open to bring the pair to 1.2990. Asian t/p bids near 1.2980/85 halted the slide to keep touted stops below safe for the time being. A bounce near 1.3040 met renewed selling as Portugal’s Foreign Minister Portas quit. With two resignations from that govt within as many days mkt apprehension grew. Macros again sold the pair as did s-t specs. The noted Asian bids were cleared & stops through 1.2980 & CTA stops at 1.2970 were run. A session low of 1.2964 was hit before the pair bounced to 1.2975 into the close. With the daily cloud top now cleared bears grow more confident. Their next hurdle is 1.2935/55 where the late-May lows, 76.4% Fib of 1.2796-1.3417 and cloud base sit. The ECB is likely to be dovish on Thursday and could be the catalyst to break the next supt. Through 1.2935 likely sees May’s low retested. (CR) Copyright (c) 2013 Thomson Reuters - IFRMarkets

[Abo Abdullah]

S&P downgrades Credit Suisse, Deutsche Bank and Barclays
•Credit Suisse AG to A from A+
•Barclays Bank PLC cut to A from A+
•Deutsche Bank AG to A from A+
•S&P affirms ‘A’ rating of UBS
•Outlook on all is ‘stable’

[Abo Abdullah]

EU Techs Asia and Portugal WEIGH

Rallies above 100 & 200 DMAs twarted by Asian & s-t specs
Sov & real money sellers jump on the bearish bandwagon
Second Portuguese govt official quits in as many days creates apprehension
Cloud top cleared & stops run
ECB likely dovish on Thursday & could open door to May low

[ابو لاما]

S&P downgrades Credit Suisse, Deutsche Bank and Barclays
•Credit Suisse AG to A from A+
•Barclays Bank PLC cut to A from A+
•Deutsche Bank AG to A from A+
•S&P affirms ‘A’ rating of UBS
•Outlook on all is ‘stable’

خبر مهم سوف ينعكس علئ شهية المخاطرة
تسلم يا ابو عبدالله
تقبل خالص تحياتي

[Abo Abdullah]

خبر مهم سوف ينعكس علئ شهية المخاطرة
تسلم يا ابو عبدالله
تقبل خالص تحياتي

حبيبي والله نورت الصفحه , بارك الله فيك

[Abo Abdullah]

Rumour: Obama to postpone requirement that businesses cover the workers under Obamacare for 1 year
The Obama administration is postponing for one year the requirement that businesses cover their workers under Obamacare.

[Abo Abdullah]

Obama administration postpones a key Obamacare provision for one year

[Abo Abdullah]

EU Steady in New Zealand but potential for DOWNSIDE

EUR/USD is steady in early New Zealand trading, but expect the pair to see some pressure during the session, says HiFX senior trader Dan Bell. "The sentiment in the euro has certainly turned negative and the break under the 1.300 level suggests we've got more downside potential for the euro-U.S. dollar." He says the USD remains supported as the data flow out of the US continues to be "more robust" than that in Europe. The pair is at 1.2981. He puts short-term support at 1.2950 with resistance at 1.3000. (
(END) Dow Jones Newswires

[Abo Abdullah]

Australia will on Wednesday release May figures for imports, exports, trade balance and retail sales, highlighting a modest day for Asia-Pacific economic activity.

The trade balance is expected to show a surplus of A$53 million after coming in at A$28 million in April - when imports were at A$25.39 billion and exports came in at A$25.42 billion. Retail sales are expected to rise a seasonally adjusted 0.3 percent on month after adding 0.2 percent in April.

Australia also will see June results for the AiG Performance of Service Index and May numbers for new home sales. The service index saw a score of 40.6 in May, while home sales added 3.9 percent on month in April.

China will see June numbers for its non-manufacturing PMI, as well as the HSBC services PMI. In May, the non-manufacturing PMI came in with a score of 54.3, while the services PMI was at 51.2.

For comments and feedback: contact [email protected]
Copyright(c) 2013 RTTNews.com. All Rights Reserved

[Abo Abdullah]

Oracle Corp. (ORCL) Tuesday announced the pricing of its sale of 1.25 billion euros of notes due 2021 and 750 million euros of notes due 2025. The offering is expected to settle on July 10, 2013.

The 2021 notes will bear interest at the rate of 2.250% per year and the 2025 notes will bear interest at the rate of 3.125% per year. Interest will be payable annually on January 10 for the 2021 Notes, commencing on January 10, 2014, and on July 10 for the 2025 Notes, commencing on July 10, 2014.

Oracle intends to use the net proceeds from the offering for general corporate purposes, which may include stock repurchases, payment of cash dividends on its common stock and future acquisitions.

[Abo Abdullah]

Asia Market Report

EUR/USD
•Showed a downward bias, but did see some two-way action as this pair was directly sold, but good EUR/JPY demand pushed this pair up
•Offers from 1.2990 up to 1.3000, larger at 1.3040
•Buy stops above 1.3050 and more in good size above 1.3080
•Bids at 1.2960 down to 1.2950
•Sell stops under that mid figure

USD/JPY
•Very steady demand pushed this pair past the 100.50 barrier and cleared stops above
•Barrier at 101.00, though the protection only decent since this area has been crossed over recently
•Offers ahead of the barrier starting at 100.80
•Small buy stops above 100.70
•Bids at 100.40, 100.20, larger at 99.60/50
•Sell stops below 100.40 small, under 99.50 in good size

AUD/USD
•Showed good downward bias with USD staying strong across the board, but didn't see the same moves that EUR/USD or USD/JPY did
•Offers at .9150, .9210, larger at .9250
•Buy stops light above .9150 through .9180, larger over .9220
•Bids at .9130 and .9100
•Sell stops large under .9130

AUD/JPY
•Experienced a choppy range as AUD was sold, but JPY also weakened
•Offers at 92.20
•Buy stops growing large above those offers
•Bids at 91.70, 91.30/20 and large at 90.50
•Sell stops under 91.70 small, below 91.20 decent, and larger under 90.50

EUR/JPY
•Pushed to new highs on JPY weakness, but overall EUR weakness took over and this pair lost nearly half of those gains
•Offers at 131.00 up to 131.10
•Buy stops decent above 131.20
•Bids at 130.30 and 129.80
•Sell stops light sub-130.30, larger under 129.70

NZD/USD
•Very steady downward pressure has remained over the past day or so
•Offers at .7760, .7810, and in good size at .7830
•Buy stops above .7770 and large over .7830
•Bids at .7730 and .7700
•Sell stops sub-.7720

KEY NEWS AHEAD
•Australian HIA New Home Sales (MoM) previous 3.9% (2:00 GMT)
•Chinese Non-Manufacturing PMI previous 54.30 (2:00 GMT)
•Australian Retail Sales (MoM) expected 0.3% (2:30 GMT)
•Australian Trade Balance forecast -0.05B (2:30 GMT)
•Chinese HSBC Services PMI prior 51.2 (2:45 GMT)

[Abo Abdullah]

EU Closes BELOW 1.3000 BRN

Bearish engulfing candle closes below 61.8% fib / 1.30 round number
50 / 200 day MA once again acted as resistance on bounce
Lack of support seen till channel support circa 1.29
Chart: http://link.reuters.com/ryz39t

[Abo Abdullah]

Tapering just got much closer
News that Obama administration is postponing for one year the requirement that businesses cover their workers under Obamacare should, at the margin, mean more US employment (at least for the next 12 months), which should, therefore, move us closer toward Fed employment targets to begin tapering.

Don’t expect to see any boost in employment in this week’s employment figures, but in the coing weeks and months this should make a difference

[Abo Abdullah]

EUR/USD