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

[Abo Abdullah]

EU 1.3100 a likely MAGNET in Asia

+0.95% despite Portuguese politics [ID:nL6N0FH23A] & weak italian auction
CitiFX Wire report corporate & real money selling in Europe - 1.3005 now sup
Bounce in NY afternoon to 1.3123 now initial resistance
Momentum studies are positive - Boli's contracting
Choppy consolidation likely in Asia around 1.3100

[Abo Abdullah]

Commerzbank Partially Covered USD/JPY Short, Entered New GBP/USD Short

Commerzbank partially covered its short USD/JPY position from 101.13, and 100.80 around their initial target at 98.26 tightening the stops on the remainder to 100.55, with a target at 95.40.

"USD/JPY has seen major failure at the 78.6% retracement at 101.60 and has sold off to the base of the cloud circa 98.15. While it is possible that this will hold the initial test, should this be eroded it will leave the market under pressure and likely to slide back to 96.75/95.40 en route to the 93.75 recent low. The top of the cloud lies at 100.55 and the 78.6% Fibonacci retracement at 101.60," CB outlines its current technical bias on the pair.

CB also entered into a technical tactical short GBP/USD today at 1.5220, with a stop at 1.5305. CB plans to add to this short on a further bounce into 1.5280 (no target yet on this call).

"Between here and 1.5305 we should see the market fail again. Provided it does so, attention should revert to the 1.4854/32 support. Above 1.5305 neutralises the immediate outlook for recovery to the 1.5530/1.5613 band, the 78.6% retracement and 200 day ma," CB outlines its tactical bias on the pair.

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Dealers note FX flows are very light and there is little interest to trade...seems unlikely we'll see any action until the US econ data releases

GBP/USD - a few weak stops noted below 1.5120, larger sub-1.5050

USD/CHF - bids at 0.9480, 0.9440 and larger at 0.94 with stops building beneath the big figure; offers seen at at 0.9540, 0.9580 and in good size at 0.96; buy stops at 0.9560

USD/JPY - offers from Japanese exporters at 99.30 and 99.50; buy stops at 99.60

[Abo Abdullah]

Barclays - EUR/USD Shorts Targeting 1.27

Barclays reinstated its short EUR/USD position after hitting its 1.28 target on its last trade early this week. The new trade entered at 1.3066, with a stop at 1.3275 and target of 1.27

[Abo Abdullah]

BNZ - Momentum Model Trades In EUR/USD, USD/JPY, & Other FX Spots

The following table provides the latest positions generated by Bank of New Zealand's (BNZ) FX momentum model as of July 11.BNZ's comments on the model positions are as follow

- A long DXY position was entered on 2 July at 83.34. The model will remain long while the DXY trades above 82.76.

- Consistent with the model’s positive USD bias, short positions in EUR/USD and GBP/USD, and longs in USD/JPY, USD/CHF, and USD/CAD have all been retained.

- In contrast, the model was recently stopped out of its NZD/USD short (1.29% loss) and is now neutral. It will take a deeper pullback to 0.7684 for the model to go short again.

- A short AUD/NZD position has been in play since 19 June. The model suggests momentum will remain a drag on the cross as long as it trades below 1.1955. We are targeting 1.1500 by the end of Q3.

[Abo Abdullah]

EUR/USD

[AL Ayman]

جزاك الله خيرا أخى .. جمعه مباركه إن شاء الله

[Abo Abdullah]

US Market Report

EUR/USD
•Bids at 1.3020 and larger at 1.30
•Sell stops growing larger sub-1.30
•Offers at 1.3120, 1.3150 and ahead of the 1.32 level
•Buy stops accumulating around 1.3160, larger above 1.32

GBP/USD
•Bids at 1.5080 and larger at 1.5050
•Sell stops seen around 1.5040 in good size
•Offers at 1.5180, 1.5220 and 1.5250
•Buy stops above 1.5150 and at 1.5230

USD/JPY
•Bids at 98.60, larger at 98.20 and 98.00
•Sell stops in good size beneath 98.20; more below the big figure
•Offers at 99.50, 99.80 and 100.00
•Buy stops at 99.60 and in better size above the 100.00 level

AUD/USD

•AUD-negative flows in the crosses triggered large stops in the pair
•Bids now seen ahead of the 0.90 barrier option
•More stops beneath the big figure
•Offers lowered to 0.9090, 0.9120 and 0.9150
•Buy stops building above 0.9150

USD/CAD
•Bids at 1.0350, 1.0320 and larger at 1.03
•Sell stops building around 1.0310 and below the big figure
•Offers 1.04 and 1.0440/50
•Buy stops 1.0410 and above 1.0450

KEY NEWS AHEAD:
•12:30 GMT (08:30 EST) - US PPI
•13:55 GMT (09:55 EST) - University of Michigan Consumer Confidence

[Abo Abdullah]

AUD/USD - US leveraged funds sell this pair low enough to barely break the barrier option at .9000, though the protective buy orders did still execute and quickly push the pair 20 pips from that low. Stops under .9000 large and still untouched

[Abo Abdullah]

جزاك الله خيرا أخى .. جمعه مباركه إن شاء الله

بارك الله فيك يالغالي ايمن وجمعه مباركه على جميع المسلمين ان شاء الله وجعلنا من العتقاء في هذا


الشهر الكريم , وفقك الله ورزقك

[Abo Abdullah]

AUD/USD - Downside very likely as momentum, system, and discretionary funds all sell this pair and with the barrier broken, hedge funds suggest a new, lower trading range ahead

[Abo Abdullah]

EUR/USD - Offers light at 1.3100 with stops above 1.3120, then more offers in better size at 1.3150. Bids ahead of 1.3000 but stops underneath in good size

[Abo Abdullah]

EUR/USD

[ابو لاما]

بارك الله فيك ابو عبدالله بارك الله فيك وجزاك خير الدارين يا رب
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