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

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EUR Asmussen slide nearly ERASED head of Big Ben

Weekly cloud base & neckline breaks elusive & shorts cover pre-BB & minutes
Pair working into 1.2840/50 offers & puts 1.2850/55 stops in play
If run would fill Asumussen inspired gap but mkt still axed to sell
Large offers sit pre-July 9 high & US yield advantage remains near best levels
Could keep gains limited, only above 1.2900/25 do s-t bears relent
BB & minutes will be the tell-tale
Christopher.Romano at ThomsonReuters com

[Abo Abdullah]

EURUSD – Intraday Strategy - 10 Jul 2013

Recommendations: SHORT positions below 1.2855 with 1.2800 & 1.2770 as next targets.
Alternative scenario:The upside breakout of 1.2855 will call for a rebound to 1.2900/1.2975.
Description: The pair trades below its resistance at 1.2855, as long as this level holds,look for further downside losses towards 1.2800/1.2770 levels , stability below 1.2755 will open the way towards 1.2700/650 levels ,an hourly close above 1.2855 would delay the bearish move and pave the way towards 1.2900/75 before the next fall.

[Abo Abdullah]

EUR/USD - Stops above 1.2850 cleared; offers from 1.2880 into 1.2890. Buying in this pair from many different funds: macro, corporate, and real money all noted

US leveraged names still closing out positions; thin market conditions are amplifying this impact

[Abo Abdullah]

US data leads to stop run but BEARS LURK

EUR/USD rallies post-inventory data & stops through 1.2855/60 run
Two major finance firms lower US GDP f/c post-data & aid to weigh on USD
Leveraged, EU corp & some real money accts the EUR/USD buyers
Stop run sees limited follow through though as bears lurk, offers sit 1.2880/00
Large stops build >1.2910 likely safe ahead of BB/minutes

[Abo Abdullah]

Commerzbank - USD/JPY Failed Key Fibo Resistance; Go Short For 98.25

[Abo Abdullah]

GBP/USD - Long positions in EUR/GBP are closing out, putting upward pressure on this pair; Asian account offer at 1.4950

[Abo Abdullah]

AUD/USD - Stops under .9120 getting targeted as demand for EUR/AUD helps push this pair down

[Abo Abdullah]

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

[Abo Abdullah]

EUR/USD – Offers at 1.2920/30 in good size getting triggered from
leveraged accounts and real money

[Abo Abdullah]

AUD/USD - Stops growing larger under .9120

[Abo Abdullah]

USD/JPY - Stops on both sides cleared. More buy stops above 101.50, more sell stops below 99.50

[Abo Abdullah]

أخواني الاعزاء عندما نرى طلبات او عروضا من مستويات معينه ليس معناه ان السعر

سيطير وسيتغير الاتجاه بعد ضرب المستويات لان ممكن البنك يطلع بعد اخذ الاوردر بعد 10 او 20

نقطه وحتى احيانا 5 نقاط تكون صفقات سريعه وبكميات كبيره خصوصا اذا كان هناك اتفاق مع فروع

البنك في الدول الاخرى حيث يقوم فرع مثلا في لندن ببيع كميات كبيره ويقوم نفس البنك بفرعه في

سنغافورا بالشراء بسعر اقل بعد الهبوط بكميات اكبر وهكذا وهذا على سبيل المثال وليس الحصر.

أرجوا الحذر بالمتجاره وكميه العقود , وفقكم الله ورزقكم

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Bank of America Merrill Lynch - Cable Breakdown...EUR/USD Neckline...Gold Base

GBP/USD is poised to re-attempt a break below its March lows at 1.4832, thru which targets the May’10 lows at 1.4228 and eventually the multi-decade range lows at 1.40/1.35, projects Bank of America Merrill Lynch.
Given the larger USD bull trend, a break to new 3yr lows in GBP/USD is likely to coincide with more EUR/USD weakness, BofA adds.

This, according to BofA, suggests that as the pair is breaking below its 10m Head and Shoulders Top neckline at 1.2802, it clears the way for 1.2457 (swing target) and potentially the 1.2042/1.2050 area.

Despite this bullish outlook for the USD, BofA thinks that evidence remains in favor of a Gold base.

"The extremes in weekly ADX, bullish daily momentum divergences and completing Elliott Wave count all say the trend is poised to turn higher. A close above 1270 confirms, targets 1322, potentially, 1457 (channel resistance)," BofA projects