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

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EU Brief - London

[LONDON 10:39 July 5] EUR/USD opened with a soft bias under 1.2900 and continued to drift lower through the European session. Real money sellers from 1.2890 were sufficiently large to fill profit taking bids into 1.2880-85 area. However, it was the intensity of selling in cable, (break below 1.50 on heavy corporate supply), that brought about the eventual slide below key tech support at 1.2876, which is the 50% retracement of the major 1.2042-1.3711 rally. Macro funds were noted sellers of the break, adding to shorts, while a large EUR/JPY sell order added to pressure, though the bulk of the impact which took the cross down 60 ticks was seen in USD/JPY. EUR/USD managed a 1.2869 low, event risk from U.S jobs data being the restraint on a more bearish action. [email protected] Copyright (c) 2013 Thomson Reuters - IFRMarkets

[Abo Abdullah]

USD/CHF - Swiss macro name noted buyer; large stops above 0.96 looking very vulnerable

EUR/GBP - European corporate account buyer in good size

[Abo Abdullah]

E/U ING says

EU more sensitive to US data ahead of nonfarm payrolls at 1230 GMT. ING says that if NFP were to disappoint, then EUR/USD could briefly trade 1.30-1.3050 but may well still close the day below 1.2850 support. "Whatever the NFP outcome, we believe investors will use NFP liquidity to buy USD dips," it says, adding that GBP/USD faces support at 1.50 while strong resistance at 1.5520-1.5240 looks too far away. EUR/USD at 1.2889, GBP/USD at 1.5009. (jessica.mead at dowjones com

[Abo Abdullah]

GBPUSD is back below 1.50, hitting a low of 1.4962 so far, a steeper decline to 1.4940 then 1.4920 in the near term will be dependent on payrolls

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Gold and Silver under pressure as USD strong across the board; Gold dropped 1.40 % and Silver down 2.70%

[Abo Abdullah]

Crude Oil futures up 0.20 % on the day, but heavy resistance seen at the 102.00 level

FX Flows light now; traders waiting for NFP

[Abo Abdullah]

EUR/USD – leveraged accounts and Real money noted Start offers building at 1.2920/30, with stops above 1.2950

[Abo Abdullah]

US Market Report

EUR/USD
•Real money account noted seller
•Macro funds and model funds also sold on the break below 1.2880
•EUR-negative cross flows added pressure on the currency
•Funds unwinded EUR/AUD and EUR/JPY long positions
•Bids at 1.2850 and in better size at 1.28
•Sell stops noted beneath 1.2850
•Offers at 1.29, 1.2930 and larger ahead of the 1.30 (including hedge fund selling interest)
•Buy stops building around 1.2920, 1.2960/70 and large above 1.30

GBP/USD
•Macro funds and model funds sold as the pair broke first below 1.5020 and then 1.50
•Corporate account noted as seller as well
•Bids at 1.49, 1.4880 and larger at 1.4850
•Sell stops accumulating beneath 1.4950
•Offers at 1.5020, 1.5050 and larger at 1.51
•Buy stops at 1.5060

USD/JPY
•Major US investment bank seen as seller during European session
•Bids at 99.50 and larger at 99.20
•Sell stops sub-99.50 and beneath 99.20 & 99.00
•Offers ahead of 101.00 barrier option

AUD/USD
•Sovereign name sold the pair as it broke above 0.9150
•AUD-positive flows noted in the crosses
•Bids at 0.9120, 0.9080
•Sell stops sub-0.9120 and large above 0.9050
•Offers at 0.92 and larger at 0.9250
•Buy stops above 0.92

USD/CAD
•Bids 1.05, 1.0470
•Sell stops 1.0490, sub-1.0450
•Offers 1.0550, 1.0580 and 1.06
•Buy stops above 1.06

KEY NEWS AHEAD:
•12:30 GMT (08:30 EST) - US Non-Farm Payrolls
•12:30 GMT (08:30 EST) - US Unemployment Rate

[Abo Abdullah]

EU Tech trade idea

If the recent pattern of non-farm payrolls is repeated, traders should not expect much action. Moves on the last 3 releases have been 1% at most, and closes have been around 40 ticks within that range. The last 2 NFPs have been close to consensus fitting those tepid reactions, but even April 5 data, which was way outside f/c (88k vs 200k f/c) led to the same limited results. All prior ECB days saw bigger ranges. If so there may be a move inside of yesterday's 1.3023-1.2883. Given players are net short euros, albeit not that large, a close to f/c outcome suggests a small pop higher on profit taking. Perhaps 1.2930-50. A modest bounce is made all the more likely by the many U.S. traders extending yesterday's holiday and those in Europe likely to pare positions into the weekend. Under the same parameters, of moves falling inside ECB days, 1.2800 may be the limit below on strong data. Soft data, which is counter to current spec risk, suggests the biggest possible reaction, but that is still unlikely to see a move sustained above 1.3000. jeremy.bouton at thomsonreuters com

[Abo Abdullah]

EU Barclays says

Post Payrolls the Euro as it approaches the base of a year-long topping pattern near 1.28-1.2765. The bank says this is its target for the time being, although a daily close below here would suggest a more aggressively bearish scenario is warranted, especially as US yields seem to be getting comfortable at higher levels. EUR/USD now at 1.2888.

[mohamed emam]

السلام عليكم أخى الكريم .. متابع معك بانتظام .. مجهود تشكر عليه .. وفقك الله وبارك فيك وجعل مجهودك فى ميزان حسناتك.

[Abo Abdullah]

EUR/USD - Stops above 1.2925, offers into 1.2950, and more stops above the mid figure. Bids from speculators closing out profits at and 1.2825 ,sell stops below 1.2850

[Abo Abdullah]

AUD/USD - Offers at .9180, .9200, and .9250; Buy stops in good size above .9180 and more above the big figure; Bids at .9100, .9060, and .9020 with stops clustered below .9110