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

[Abo Abdullah]

Interbank FX Wire

EUR/USD has some offers from EU names at 1.32 that have capped the rally so far; better selling interest 1.3220-40 from specs and a sovereign name with stops in the mix
GBP/USD offers at 1.57 with stops above
Macro accounts sold EUR/GBP but demand from UK corporate names at 0.84 supporting the pair for now
Specs pushed USD/JPY into sub-99.50 stops; short-term players caught again on wrong side as momentum faded away; US name and exporters good sellers above 100.00 in Asia
AUD/USD ran into offers from macro funds around 0.9220 and an US prime broker notes sizeable stops above 0.9240

Technical Levels:

EUR/USD has minor support at 1.3150 and larger ahead of the 1.31 barrier option. Stops are sizeable beneath the big figure. To the topside, resistance seen at 1.3220 and heavy pre-1.3250 with stops in good size resting above.

GBP/USD support at 1.5570 and solid at 1.5550 with stops below. Supply at 1.5680 with heavier resistance ahead of the 1.5720/40 level.

USD/JPY has major technical support at 98.50 with demand next noted at 98.00. Stops beneath both levels in solid size. Topside, minor supply at 99.80 and heavy at 100.20 with stops accumulating above.

AUD/USD supply seen at 0.9220 and larger at 0.9250 with stops in the mix. To the downside, minor demand at 0.9150 and better support at 0.9120 with stops through 0.9110.

NZD/USD support at 0.7950 with smaller stops beneath that level. Better demand ahead of the big figure with larger stops below. Resistance at 0.8020 and 0.8070.

[Abo Abdullah]

EURAUD sees hedge fund demand now

[Abo Abdullah]

Propareos levels (areas where probabilities of price action reversal or saturation reach 90%):

EURUSD: 1.3230-1.3245 on the upside, 1.3085-1.3100 on the downside.

AUDUSD: 0.9270-0.9285 on the upside, 0.9050-0.9065 on the downside.

USDJPY: 100.35-100.50 on the upside, 98.40-98.55 on the downside.

GBPUSD: 1.5705-1.5720 on the upside, 1.5540-1.5555 on the downside.

USDCAD: 1.0580-1.0595 on the upside, 1.0305-1.0320 on the downside.

NZDUSD: 0.8010-0.8025 on the upside, 0.7785- 0.7800 on the downside.

EURJPY: 132.40-132.55 on the upside, 129.60-129.75 on the downside.

EURGBP: 0.8445-0.8460 on the upside, 0.8370-0.8385 on the downside.

USDCHF: 0.9445-0.9460 on the upside, 0.9305-0.9320 on the downside.

AUDJPY: 92.25-92.40 on the upside, 90.45-90.60 on the downside.

EURAUD: 1.4365-1.4380 on the upside, 1.4260-1.4275 on the downside.

Warning! Propareos levels do not take into account fundamental developments. Their validity is reduced on days when the NFP is released and when Central Banks change their interest rate.

[Abo Abdullah]

EU Squeeze RISK growing

USD still seems to suffer from Friday's softer than f/c NFP
EUR/USD presisng res near thrusday high & 10 DMA
Mkt notoes mixed bag of stops & offers in the 1.3220/30 zone
if the stops win out key Aug 30 high (1.3255) comes into play
Larger stops likely above that that & if run may mean s-t bottom in place

[alameen911]

حبيبنا ابو عبدالله اين انت لا تقف بارك الله فيك نحن بحاجة متابعتك ..

[Abo Abdullah]

حبيبنا ابو عبدالله اين انت لا تقف بارك الله فيك نحن بحاجة متابعتك ..

هلا والله بالحبيب معاكم يالغالي قلبا وقالبا , معليش لسه راجع

[Abo Abdullah]

Interbank FX Wire

US leveraged accounts and macro funds bought Euros across the board
EUR/USD absorbed sovereign offers 1.3220-40 easily and took out sizeable stops above 1.3250; offers at 1.3280 capped the rally so far with more selling interest seen at 1.33
GBP/USD momentum faded away around 1.5730, but bids are already building at 1.5680
EUR/GBP ran into profit-taking orders and selling from European names ahead of 0.8450
A leveraged fund was noted buyer of EUR/AUD; plenty of trailing stops up to 1.45 and these could get targeted soon as pair oversold short-term
USD/JPY remained in a unusually tight range; bids at 99.30 supported the pair, but interest faded away quickly with 99.65 being the session high
In USD/CAD, bids from leveraged players at 1.0360/70 filled; corporate demand noted at 1.0320
Offers from macro accounts and specs continue to cap the upside in AUD/USD; large stops above 0.9240 up to 0.9260 remain intact

Technical Levels:

EUR/USD has minor resistance at 1.3280 and 1.33 with more stops resting above. A close above 1.33 would change the technical picture and likely pave the way for a visit to the 1.34 level. To the downside, support at 1.3220 and stronger at 1.3180.

GBP/USD managed to break again above the 1.57 level, but 1.5750 remains as heavy technical resistance on the charts. A clear breakout needed to make way for a 1.60 test. Support at 1.5660 with better demand seen at 1.5620. Stops through 1.5650 and larger beneath the big figure.

USD/JPY has decent demand at 99.20 down to 99.00 with stops in the mix. Strong support then seen at 98.50 and 98.00. To the topside, supply at 99.80 and larger at 100.20 with stops accumulating above.

AUD/USD has support at 0.9170 and larger at 0.9120 with stops through 0.9150. Supply lined up at 0.9250 with heavy resistance at 0.93 and 0.9340.

NZD/USD resistance at 0.8060 and heavier at 0.81 with stops above both levels. To the downside, demand at 0.7950/60 with better support at 0.7920.

[Abo Abdullah]

UBS - S/T Outlooks

FX Technicals

EURUSD BEARISH
The pair bounced from the support at 1.3103. Resistance is at 1.3319. With the MACD below its zero line potential is for resumption of downside.

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 98.54 ahead of 96.82.

GBPUSD BULLISH
The pair is moving higher, testing the strong resistance range at 1.5718/50. A closing break above this would be further positive. Support is at 1.5565.

USDCHF NEUTRAL
Support at 0.9301, held the recent sharp sell-off. A closing break below this would further extend its weakness towards 0.9265. Resistance is at 0.9394 ahead of 0.9456.

AUDUSD NEUTRAL
There is a strong resistance at 0.9320. A move above this would indicate scope for further strength towards 0.9431. Support is at 0.9116 ahead of 0.9038.

USDCAD NEUTRAL
There is a strong support at 1.0294 ahead of 1.0294. Resistance is at 1.0436 ahead of 1.0568.

EURCHF NEUTRAL
Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2326 ahead of 1.2268.

EURGBP BEARISH
Having tested the strong support at 0.8397, the immediate risk appears for a short-term recovery to unwind the sharp sell-off. Resistance is at 0.8492 Support is at 0.8392 ahead of 0.8285.

EURJPY BULLISH
Important resistance range is at 132.74 and 133.80. A close above which would extend the strength. Support is at 130.99 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 - Buy USD Dips Vs EUR & JPY; AUD/USD Is The Exception

As the USD is correcting lower, Bank of America Merrill Lynch stresses that this pullback is corrective and must be seen as a buying opportunity.

"We focus on EUR/USD and USD/JPY. Into 1.3238/1.3320 we look for a EUR/USD top and resumption lower for its multi-month range lows at 1.2760/1.2662. Meanwhile, USD/JPY weakness should be limited to 98.52/98.44 before its larger/long term bull trend resumes for 103.74 (May-22 high) ahead of 105.80/106.00, potentially 109.80," BofA clarifies.

The exception to this rule, according to BofA is AUD/USD.

"Its completed Head and Shoulders Base on the break of 0.9164 targets 0.9407/0.9388, POTENTIALLY 0.9581 before a larger top and turn lower," BofA projects.

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.

In its technical portfolio, BofA also maintains a short Spot Silver position from 23.60, risking 24.55 and targeting 20.00.

[Abo Abdullah]

Deutsche Bank - 2 Trading Ideas For USD/CAD

Deutsche Bank advises clients to start rotating USD longs to position for accelerated weakness in CAD.

To play this strategy, DB suggests two USD/CAD trades via options, both three months in tenor and offering maximum leverage of eight times premium, though the first structure is more aggressive due to the outcome being binary.

(1) Buy a 1.10 digital USD/CAD call, offered at 12.75% of notional. Spot must be above this level at expiry to receive a 100% payout.

(2) Buy a 1x2x1 butterfly call spread with strikes of 1.0600/1.0900/1.1200 and an RKI on the middle 2 at 1.12 for 60bps (the vanilla fly is 51bps). The payoff profile is that of a 1.06 call until and unless 1.12 trades, whereupon you would be left with the fly.

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

SEB - Intraday Outlooks For EUR/USD, GBP/USD, USD/JPY, AUD/USD, & SP500

EUR/USD: Short-term tools in mixed positions. The recent/ongoing move higher has come with two consecutive rather large daily candles. The rolling 21day high/low average aka "Base line" was respected yesterday, as was the low end of the cloud last week. But spot is back where it traded a month (21days) ago and this puts the short-term "Ichimoku" system in a neutral position. A turn lower from here would be optimal, but over 1.3281 would also risk 1.3299 – above which a near-term bearish wave count would be disqualified. Support likely at 1.3223-1.3214.

GBP/USD: Challenging the Jun high. The Jul-Sep bullish trend-channel remains in play and the combined "Conversion line"/"Base line" are also ascending within it, acting as short-term dynamic support. Yesterday’s close is the highest since Jun17 and the high the same day at 1.5753 is now exposed. Current levels cannot be considered stretched and allows for 1.5875 before conditions become strained. A bearish session close under the "Base line", now at 1.5575 is needed to reassess a short-term bullish stance.

USD/JPY: Weekend gap partially filled. With the move down to 99.33 to greater part of the 99.13 - 99.90 weekend gap has been filled. Until passing 99.78 there is still scope for the market to completely fill the gap before moving higher. Above 99.78 we think the reminder of the gap will be left open for now as the market then likely already heading for a 100.24 test.

AUD/USD: Testing the high end of range. An inter-range bullish impulse has materialized, putting some pressure on resistance at the high end of the Jun-Sep range in the low-mid 0.93s. But that resistance is also a current short-term overstretch and should not be easily violated. But back under dynamic support, now at 0.9080- 0.9069 is needed to get the lower end of the same range back in sight again.

S&P 500: Correction target reached. The market yesterday reached and slightly overrun our primary upside correction target, the recent wave (4) peak and 50% correction at 1667. Given the preceding five wave pattern lower the current advance is seen corrective and should as such soon give way to a new five wave decline (and only thereafter a correction can be said to be possible completed).

[Abo Abdullah]

EUR/USD stops through 1.3225, corp bids into 1.3180, topside s-t spec offers 1.3290-1.3310
GBP/USDCorp & retail names offering into 1.5750 area, s-t spec bids 1.5650-00, agency stops 1.5610
AUD/USD range player & macro offers into 9300, might be macro stops on 9300 break (ntg confirmed), macro offers into 9350

[Abo Abdullah]

Interbank FX Wire

EUR/USD flows were rather light; the pair traded down to 1.3235 after reaching an intraday high of 1.3275 at the European open
Sovereign bids reported at 1.3220-30 with stops from short-term players beneath

GBP/USD was well-bid as we went into the London open, but selling from an Asian sovereign took the Cable back to 1.5690; all-in-all, two-way flows are keeping the pair in a tight range for now

USD/JPY rallied sharply on buying from an US investment bank, model funds and leveraged accounts
Swiss name and Japanese exporters supply above 100.00 have slowed momentum and the pair is now consolidating; decent offers still lined up pre-100.20 with sizeable stops above
Further offers noted ahead of the 100.50 barrier option; stops noted above
To the downside, minor bids at 99.50 with stops below and decent demand at 99.20

AUD/USD dipped to 0.9240 in London, but specs used this as buy opportunity
Offers from macro accounts reported at 0.93; sizeable stops above through 0.9320 Bids from locals at 0.9220 with some stops seen beneath

NZD/USD has offers at 0.81
Japanese real money accounts and model funds bought EUR/JPY
Momentum stops resting at 107.35-45 in CHF/JPY

Technical Levels:

EUR/USD has support at 1.3220 and better at 1.3180 with stops below both levels. To the topside, resistance seen at 1.3280 up to 1.33 and heavy ahead of the 1.34 level.

GBP/USD support lying at 1.5680 and 1.5620-30 with stops accumulating sub-1.5650. Resistance lined up at 1.5745/50 with a close above paving the way for a 1.60 test.

USD/JPY support at 99.75, 99.50 and larger at 99.20. Stops through 99.50 and larger beneath the big figure. Resistance at 100.50 and heavy ahead of 101.50.

AUD/USD has support at 0.9240; better at 0.9220 and 0.9180 with stops beneath these levels. 0.93 next hurdle while 0.9340-50 is major technical resistance.

[Abo Abdullah]

CitiFX Wire... EURUSD slips to the 1.3235/30 buy zone highlighted by Citi’s London traders at the outset in Europe. A clean break below here could accelerate moves on the downside. Flow-wise, we’re seeing a 52:48 skew to EURUSD buyers on the day, with the bulk of the demand coming from real money. The leveraged community has been fairly quiet so far, which may indicate they are not strongly positioned on either side and await a stronger directional cue. EURUSD last bid at 1.3236