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

[Abo Abdullah]

White House downgrades 2013 economic forecasts

•The White House sees 2.0% growth in 2013 vs 2.3% in budget
•Sees 3.1% growth in 2014 vs 3.2% prior
•2015 forecast for 3.5% unchanged

Private sector economists are forecasting 2.9% growth this year and the Fed is forecasting 2.45%.

In the post-crisis world, +3% growth is like that rainbow that’s always on the one-year horizon but never materializes into a pot-’o-growth.

[Abo Abdullah]

EUR/USD – More offers at 1.2880 in good size getting triggered

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

UBS Bank - Short Term Outlooks For EUR/USD, USD/JPY, GBP/USD, & AUD/USD

The following are the latest technical outlook for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at UBS

EUR/USD: (Bearish) With the bear trend intact focus is on the key support at 1.2797. A break below this would suggest scope for further downside. Resistance is at 1.2917.

USD/JPY: (Bullish) The pair extended its strength and the potential is for the test of key resistance at 103.74. Support is at 99.26.

GBP/USD: (Bearish ) A closing break below 1.4832 would be negative. Resistance is at 1.5080.

AUD/USD: (Bearish) With the bear trend intact focus is on the support at 0.8771 ahead of 0.8545. Resistance stand at 0.9190.

[Forexaak]

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[samer1]

تسلم ايدك يا أبو عبدالله . الله يبارك فيك .

[achraf]

أخي الكريم جزاكم الله خيرا لما تقدمه لإخوانك المتداولين من معلومات قيمة وبارك الله فيكم

رمضان كريم

[Abo Abdullah]

NZD/USD has offers at 0.79 and in decent size at 0.7950; buy stops clustered around 0.7910

Upside momentum has faded away in EUR/JPY and we hear sell stops are already building below 130; sizeable sell stops noted sub-129.40

EUR/GBP has bids at 0.86, 0.8570 and 0.8550; offers noted at 0.8630 and 0.8650 with buy stops above

Good-sized offer from an US hedge fund at 0.92 in AUD/USD

GBP/USD has offers in good size at 1.4980 to 1.50; buy stops seen above the big figure

EUR/AUD approaching the 1.40 support level; a break below would trigger more sell stops and pave the way for a test of the 1.38 level

AUD/JPY - offers now seen at 93.20, 93.50 and large at 93.80; more buy stops through the big figure

AUD/USD - US and Japanese bank large buyers; stops above 0.9150 triggered in good size; offers now seen at 0.92, 0.9220 and at 0.9250

USD/JPY - banks note large sell stops at 100.45 and Japanese exporter offers at 101.30 and 101.50

EUR/CHF - Swiss hedge funds noted buyers earlier

[Abo Abdullah]

EU testing hourly SUPPORT as the Buck is BID

EUR/USD is testing hourly support around 1.2855 as USD broadly bid
Many traders see EUR/USD rallies as selling opportunities
Divergent CB expectations and economic prospects support USD over EUR
Break below 1.2850 could see drift back to 1.2800/20 where buying is expected
John.Noonanat thomsonreuters com

[Abo Abdullah]

EU Techs May low still INTACT

Break of trendline connecting lows since April 4 saw stop loss selling
May 17 low at 1.2795 remains intact - will we see a higher low?
Bears begin to cover y'day - daily close back above trendline
Not a good area to be holding a full short position - rally risk is high
Chart: http://link.reuters.com/nab59t

[Abo Abdullah]

Danske Bank Daily FX Report

[Abo Abdullah]

UBS Daily FX Report

FX Technicals

EURUSD (BEARISH)

With the bear trend intact focus is on the key support at 1.2797. A break below this would suggest scope for further downside. Resistance is at 1.2917.

USDJPY (BULLISH)

Focus is on further upside, with immediate resistance at 101.53 ahead of the key resistance at 103.74. Support is at 99.26.

GBPUSD (BEARISH)

Sharp fall seen on Friday is trading just above the key support 1.4832. A closing break below this would be negative. Resistance is at 1.5080.

USDCHF (BULLISH)

Immediate resistance is at 0.9667. A move above this would leave no major resistance until 0.9839. Support is at 0.9560.

AUDUSD (BEARISH)

With the bear trend intact focus is on the support at 0.8771 ahead of 0.8545. Interim support is at 0.9037. Resistance stand at 0.9190.

USDCAD (BULLISH)

With the bull trend intact focus is on the initial resistance at 1.0609. A move above this would open 1.0658 ahead of 1.0804. Support is at 1.0512.

EURCHF (NEUTRAL)

Critical resistance is at 1.2434. A closing break above this would be positive, opening 1.2485. Support is at 1.2340 ahead of 1.2280.

EURGBP (BULLISH)

There is a strong resistance at 0.8656. With the momentum tools crossing higher, a closing break above this would trigger further upside. Support is at 0.8563 ahead of 0.8469.

EURJPY (BULLISH)

Downside should be limited, and we expect the support at 128.04 to hold. Resistance is at 131.12 ahead of the key 133.80.

Source: UBS FX Strategy

[Abo Abdullah]

EUR/USD - some weak stops building below 1.2850; more seen sub-1.2800

GBP/USD under pressure after weak econ data release; bids ahead of the 1.4850 and 1.48 barrier options, but macro funds aggressive seller

[Abo Abdullah]

Gold +1.30 % on the day; support seen at 1246 and 1237, while resistance lies at 1259 and 1267

Silver + 1 % on the day; support at 19.00 and 18.70; resistance at 19.70 and 20.00

Crude Oil futures -0.20 %; trading at 103.00 with resistance seen at 103.40

[Abo Abdullah]

Leveraged names selling AUD and NZD vs. USD