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

[Abo Abdullah]

ECB Press Conference Live Here

http://www.ecb.europa.eu/press/tvser...130905.en.html

[Abo Abdullah]

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

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

CS' rationale behind this call is that 1.3254/59 will cap any s/t strength from here and keep the trend directly bearish supporting the ongoing break below 1.3147/39.

"This should then see weakness extend to the 50% retracement level at 1.3103 next, and eventually 1.3021/1.2980. Removal of the latter is needed to expose the broader range lows at 1.2775/55," CS adds.

CS also maintains a long USD/JPY position with a stop below 97.85, and a target at 103.10.

CS' rationale behind this call is to target the USD/JPY bullish “triangle” continuation pattern, after breaking above 99.97.

"We look to target 100.88 next, en route to the July high and 78.6% retracement of the May/June decline at 101.54/61. This latter area should be allowed to cap at first, ahead of an eventual retest of longterm resistance at 103.10/74," CS projects.

[Abo Abdullah]

Interbank FX Wire

Macro funds and other leveraged players sold EUR across the board during the ECB press conference; talk of a barrier option at 1.31 with bids resting ahead

GBP/USD was driven lower by broad USD strength; stops through 1.5580 cleared with bids now resting at 1.5550

USD/JPY back above 100.00, but struggles a bit up here despite rising US yields/strong Greenback; heavy offers reported at 100.20
Buying interest on dips still very solid; bids at 99.80 and 99.50

NZD/USD bids reported at 0.7850 while offers reside at 0.7930
Talk of momentum sellers if we break below 0.84 in EUR/GBP

Technical Levels

EUR/USD has minor support at 1.31 with stops below and larger demand seen at 1.3065. Heavy support at 1.30. To the topside, supply at 1.3150 and strong at 1.3220. Stops accumulating above 1.32 in size.

GBP/USD has decent demand at 1.5550 and more from 1.5520 to 1.55 with stops in good size beneath both levels. Supply at 1.5650 with stops again accumulating above; larger resistance ahead of 1.57.

USD/JPY demand at 99.80, further at 99.50 and 99.20 with sizeable stops through 99.40. Supply at 100.50 and 101.00 with more stops above.

AUD/USD resistance still heavy ahead of 0.92. To the downside, support at 0.91 and better demand noted at 0.9070. Stops through 0.9090 and larger sub-0.9050.

NZD/USD has solid support at 0.7850 with stops beneath. Resistance at 0.7930 and

[Abo Abdullah]

UBS FX Technical Alert

[Abo Abdullah]

Early Tokyo selling USD/JPY, lack of follow through on break of 100 the main factor. 99.70 support should be strong enough for the Asian session

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Nikkei lower on the TSE, dragging on USD/JPY

[Abo Abdullah]

EU Bulls will defend 50% fib

Bears full of confidence after daily close below 200 day MA
Daily close was just above key 50% fib at 1.3103 - bulls will defend
Signs that price is comfortable below 1.31 will be sell signal
Aggressive bulls can buy at 1.31 or wait for 200 DMA to be regained
EU Vulnerable after BEARISH outside day reversal

EUR/USD opens Asia 0.67% lower due to divergent central bank expectations
Draghi surprisingly dovish while Fed taper expectations increase after US data
EUR/USD vulnerable as market has fully priced in tepid EZ recovery
Bearish outside day reversal in EUR/USD portends more weakness
Daily moving average studies show trend lower in EUR/USD already underway
Break and close below 100 and 200-day MA at 1.3135/45 also a bearish indicator
EUR/USD likely to range trade ahead of key US payroll data today John.Noonan at thomsonreuters com

[Abo Abdullah]

UBS FX Technicals

EURUSD BEARISH The pair is under selling pressure approaching support at 1.3103, a break below this would expose 1.3021. Resistance is at 1.3223.

USDJPY BULLISH
The latest strength reinforces the broader bullish theme. There is potential for more upside to break through resistance at 101.53 and test 103.74. Support is at 97.89 ahead of 96.82.

GBPUSD BULLISH The recent upside opens the doors to test the strong resistance range at 1.5718/50. Support is at 1.5522 ahead of 1.5423.

USDCHF NEUTRAL The pair closed yesterday exactly at the resistance at 0.9449. The next major resistance is at 0.9520. Support is at 0.9351.

AUDUSD BEARISH
With the bearish trending indicators in place, any further recovery will find resistance at 0.9233. The risk is for resumption of downside, with support at 0.9038 ahead of 0.8848.

USDCAD BULLISH
There is an important resistance range at 1.0609/58. With bullish conditions in place, there is scope for more upside to test 1.0804. Support is at 1.0456 ahead of 1.0422.

EURCHF NEUTRAL Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2331 ahead of 1.2268.

EURGBP BEARISH The cross is trading within striking distance of the major support at 0.8397. A close below this will be more negative, exposing 0.8285. Resistance is at 0.8465.

EURJPY BULLISH Important resistance range is at 132.74 and 133.80. A close above which would extend the strength. Support is at 130.65 ahead of 129.29.
*
NOTE: The trend for each currency pair as defined in the table is determined by our proprietary model and is independent of our discretionary interpretation of price action

Source: UBS FX Strategy

[Abo Abdullah]

Bank of America Merrill - As EUR/USD Set To Remain Choppy S/T, Stick To USD/JPY Longs

Despite the recent move down in EUR/USD, the pair is set to remain choppy near-term, says Bank of America Merrill Lynch.

"Watch 1.3103/ 1.3068 support. There is risk of a base and bounce from here, before resuming its larger downtrend to 1.2761/1.2662," BofA projects.

Meanwhile, BofA advises clients to stick to USD/JPY longs arguing that the bearish break-out in US 2yr yields is one more piece of evidence for a stronger USD, particularly for USD/JPY, as it is on the verge of confirming an end to its 3m range trade and resuming its long-term bull trend.

"However, a close above 99.97/100.00 is needed to confirm the bull trend resumption," BofA adds.

In line with this view, BofA maintains 3 tactical long USD/JPY positions from 98.00, 97.50, and 97.00 with a revised stop at 96.80, and a target at 105.80/106.

[Abo Abdullah]

EUR/USD

[Dr_hodhod]

جمعة مباركة عليك ياغالي . . .

ربنا يكرمنا كلنا اليوم بإذن الله .

اليوم ساعمل بعقود صغيرة أولا وتصاعدية بعد الخبر . . . والله المستعان .

[Abo Abdullah]

جمعة مباركة عليك ياغالي . . .

ربنا يكرمنا كلنا اليوم بإذن الله .

اليوم ساعمل بعقود صغيرة أولا وتصاعدية بعد الخبر . . . والله المستعان .

أمين يارب العالمين , وهذا الافضل اليوم وربنا يوفقنا ان شاء الله

[Abo Abdullah]

A Swiss bank a large seller of AUD above .9200

[Abo Abdullah]

Despite USD weakness, EUR/USD still trading heavy. Barrier at 1.3100 eyed and stops below in good size have been noted