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

[Abo Abdullah]

Barclays - Outlooks & Strategies For EUR/USD, GBP/USD, USD/JPY, & USD/CAD

EUR/USD: The Inside Day posted yesterday keeps our bearish view intact. We expect a break below the 1.3145 (200-day average) to signal a test of 1.3100. Short term resistance is at 1.3260.

USD/JPY: The break above 98.90 ushered a bid in line with our view. The risk is for a test of 99.97/100.00, a break above which would signal a move to 100.90 before a pullback can occur. 99.15 is immediate support though below this, the bid is likely to remain in play while above 98.50.

GBP/USD: The market came within striking distance of 1.5600 and assuming a 1.5425 to 1.5600 range, we prefer selling rallies. A break above 1.5600 though would likely force us to reassess and allow for a revisit of the 1.57 area.

USD/CAD: The market is coiling within a 1.0470 to 1.0570 range. We expect a bullish break from this range targeting s 1.0615 (2013 peak) and beyond to 1.0660 (2011 high). Within the range, support is at 1.0500.

[Abo Abdullah]

Credit Suisse Holds EUR/USD Short For 1.3025 & USD/JPY long For 103.10

Credit Suisse maintains a technical tactical short EUR/USD position with a stop above 1.3259, and a target at 1.3025.

"We look for further weakness to the 200-day average at 1.3145 initially. This should be allowed to hold at first, ahead of a test of the 50% retracement level at 1.3103 next, and eventually 1.3021/1.2980 – the measured target from the top and 61.8% retracement. Removal of the latter is needed to expose the broader range lows at 1.2775/55," CS outlines its bias on the pair.

Meanwhile, CS maintains a long USD/JPY position with a stop at 97.85, and a target at 103.10. CS plans to add to this long on a dip into 98.55.

"USD/JPY has surged above pivotal resistance at 98.86/99.15 – the falling trendline from the May peak and the recent high – for the completion of a large bullish “triangle” pattern. We look for this to turn the core trend bullish again, targeting 99.97 initially, ahead of 101.54/61 – the July high and 78.6% retracement of the May/June decline. This latter area should be allowed to cap at first, ahead of an eventual retest of longterm resistance at 103.10/74," CS outlines its bias on the pair.

[Abo Abdullah]

Short-term players are covering their long USD/JPY positions, but hedge funds noted buyers on the dips Bids seen 99.20 next

[Abo Abdullah]

EUR/USD

[anwar3]

موضوع مميز اخي بو عبدالله
استمر وواصل وانا متابع بقوة معك

[Abo Abdullah]

موضوع مميز اخي بو عبدالله
استمر وواصل وانا متابع بقوة معك

نورت الموضوع يالغالي انور , ووفقك الله ورزقك

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Interbank FX Wire

Short-term specs were the main sellers of EUR/USD as we went into the New York session and ISM data served as catalyst to clear stops sub-1.3150 The pair ran into demand from corporate accounts and macro funds there and has managed to recover back to 1.3170 so far
ACB selling capped the upside in GBP/USD and with s/t specs covering their long positions, stops to the downside came into focus
Intraday stops sub-1.5550 and sub-1.5530 triggered; bids pre-1.5520 provided support Offers from corporate accounts seen at 1.56
System funds buyers of USD/JPY in early NY; they were joined by leveraged funds and an US investment bank later in the session
The news that Obama has won the backing of two top Republicans for U.S. strikes in Syria led to quick profit-taking in the pair
Short-term players rushed to the exit, while longer-term names, including a hedge fund, were noted as buyers on the dip
Bids are resting at 99.20 and larger at 98.80 with stops sizeable through both levels
Offers remain heavy ahead of the 100.00 level with large stops resting above
AUD/USD was very well bid during the session, despite all developments that would have usually shattered the Aussie
Dealers reported good and steady demand for AUD and NZD from leveraged names
An US leveraged fund sold a large amount of EUR/AUD post-ISM
Bids in AUD/USD at 0.9020 and 0.90 with stops below both levels; offers lined up at 0.91
Sizeable stops around $1405 cleared in Gold
USD/CAD has corporate offers at 1.0550/60 and more ahead of the 1.06 level, where a barrier option is noted; bids at 1.0510/20

EUR/GBP has bids at 0.8440 and offers from specs & Real Money accounts at 0.85; stops accumulating at the 0.8510 level
Strong offers ahead of 0.94 in USD/CHF

[Abo Abdullah]

ACBs still reported to be selling EUR/USD, GBP/USD and AUD/USD on rallies

EARTHQUAKE SHAKES BUILDINGS IN TOKYO -WITNESSES

[Abo Abdullah]

EARTHQUAKE SHAKES BUILDINGS IN TOKYO

[Abo Abdullah]

USGS reports earthquake in southern Japan has preliminary magnitude of 6.4

[Abo Abdullah]

EU 100 DMA supports - Trend is LOWER

Stronger U.S. data prompted 1.3138 dip - real money supported - opens -0.15%
Upcoming U.S. payrolls, uncertainty on Syria & Fed tapering major event risk
5, 10 & 20 dma's trend south - Bolli's expanding - strong trending setup
1.3135/45 100 & 200 dma's held offshore & are strong support
Break targets 1.3103 50% Jul/Aug rise - 1.3198 5dma first resistance

[Abo Abdullah]

Asia Spot Desk Control

GBP

UK PMI construction data came in strong but cable could not extend its gains far beyond 1.5600 and pulled back to 1.5522 on stronger than expected US ISM data. EURGBP traded from 0.8480 to 0.8446 on the GBP strength but has since settled in the middle of this range. Today we have UK PMI services data (fcast 59.7, prior 60.2) and our order book has some cable supply in the mid 1.5600s. We like to be bullish GBP and will look for any bounce in EURGBP to get short against the 0.8520 level. Levels: cable support 1.5500, 1.5462, 1.5427 and resistance 1.5605, 1.5650, 1.5718. EURGBP support 0.8446, 0.8398, 0.8350 and resistance 0.8520, 0.8553, 0.8589.

EUR

EURUSD doing quite a bit of work in a tight range at the moment with 1.3140-30 providing decent interim support with gamma and RM demand located at these levels. The headline US ISM number lived up to expectation and confirmed the global recovery in manufacturing but mixed components perhaps goes someway to explaining why the USD didn’t sustain a bigger rally. We still favour being short EURUSD but should be some wood to chop ahead of 1.3130/40 still, orderbook wise we have stops now placed above 1.3200 then fresh offers around 1.3230/40. Saw some good RM selling of EURUSD yesterday which was overall well absorbed, final services PMI’s this afternoon and Eurozone GDP but overall focus is now on ECB tomorrow. We prefer to stay short and really wouldn’t want to see the single currency back above 1.3250 pre ECB.

JPY

Tricky price actions with mixed headlines. Strong ISM number pushed usdyen up to 99.86 with demands from Macro names but lots of offers ahead of 100.00 from Japanese exporters and option players muted the bullish momentum and more nervous Syrian situation pulled it back below 99.30 again on the risk-off sentiment. Late NY time, the headline by Asahi newspaper that BOJ will consider additional easing if Japanese government will raise sales tax, caused the pair to trade higher around 99.60. For today, fundamentals have shown usdyen to have constructive price actions. 99.25-30 is becoming the first support with Daily Ichimoku cloud followed by 100DMA at 99.00. 99.95-100.00 is still well-offered from exporters but we believe a clear break of monthly chart resistance 100.05 will provide us further bullish momentum with next target at 101.50. Our stance remains unchanged to keep longs.

AUD/NZD/CAD

AUDUSD squeezed back from 0.8980 to 0.9048 after the RBA altered their language and said that the current monetary policy was appropriate. After a pullback toward 0.9000, AUDUSD has since traded up to a high of 0.9073 but has been unable to extend its gains far beyond the August 26th high of 0.9070. Today we have Australia Q2 GDP (fcast 2.4%, prior +2.5%) and there is not much on the order book at the moment, which leads us to believe positioning on AUDUSD is light after the RBA did not deliver a cut at the August meeting. We think USD strength will prevail in the medium term and will look to sell any AUDUSD rallies toward 0.9200. Levels: AUD support 0.9000, 0.8924, 0.8891 and resistance 0.9073, 0.9100, 0.9133. NZD has seen some relative weakness as the cross took out the 50dma (1.1535) and the August high (1.1590) on its way to 1.1631. We have some light NZDUSD stops on the topside, and the first major resistance level to fade will be 21dma at 0.7908. USDCAD has held up well in the 1.05s and AUDCAD has opened Asia at its range highs around 0.9540. Today we have the BoC rate decision, which is expected to remain in unchanged monetary policy. Levels: USDCAD support 1.0470, 1.0450 and resistance 1.0569, 1.0609.

CHF

USDCHF continues to remain firm in the wake of both spec and RM demand for USDs as we approach another crucial payrolls on Friday. USDCHF hasn’t been back below 0.9350 just yet and think any pull back towards 0.9330/20 should be bought. Orderbook in the pair remains fairly similar stops on break of 0.9400 which might be worth buying the break of as feels like positioning has diminished quite a bit. EURCHF a little sidelined and a break of either 1.2270 or 1.24 is going to excite people, topside feels vulnerable if USDCHF can really gain some traction, still one for people with infinite patience. Stay long USDCHF and add back to 0.9330.

[Abo Abdullah]

The recent positive sentiment moderated somewhat overnight despite US ISM Manufacturing Index coming in better than expected, as concern on Syria dragged market mood. A US-Israeli missile test, along with support from key congressional leaders on Syria action, weighed on stocks and while pushing oil / gold prices higher.

Looking forward, we expect no major shift in sentiment today despite a number of data scheduled for releases, as investors are set to stay cautious with one eye on the Syria development ahead of the G20 meeting starting tomorrow, and the other on the jobs reports later this week.

[Abo Abdullah]

Bank of America Merrill - Stay Bullish USD Index, Short Cable & Tighten Stops On Long USD/JPY

While Bank of America Merrill Lynch remains USD bulls and expects the USD Index to target 84.75/85.28 in the weeks ahead, in the very short term BofA projects that intra-day charts warn of a corrective pullback toward 81.87/81.64 before the bull trend resumes.
"We would use this opportunity to increase USD longs," BofA advises.
"Specifically, we continue to favor GBP/USD shorts, as price continues to carve out a month-long Head and Shoulders Top. A move below 1.5438/32 completes the pattern, targeting 1.5102 and, eventually, 1.4783/1.4767 and below," BofA adds.
In line with this view, BofA maintains a short GBP/USD position from 1.5645 with a revised stop at cost and a target at 1.4785.
Finally, BofA remains constructive on USD/JPY short-term seeing a daily close above 99.97/100 confirms a resumption of the long-term bull trend.
In line with this view, BofA maintains 3 tactical long USD/JPY positions from 98.00, 97.50, and 97.00 tightening the stops to 96.80 while keeping the targets unchanged at 105.80/106.