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

[Abo Abdullah]

بارك الله فيك ابو عبدالله بارك الله فيك وجزاك خير الدارين يا رب
تقبل خالص تحياتي

حبيبي عرابي نورت الصفحه , جزاك الله كل خير ووفقك الله ورزقك الجنه ان شاء الله

[Abo Abdullah]

USD/JPY - Stops above 99.60 and offers at 99.80 up to 100.00. Bids from specs at 98.80 with stops below 98.50 in good size

[Abo Abdullah]

Large tech traders looking to go short AUD/USD if it closes below .9065, targeting .8560

[Abo Abdullah]

EU Bears PRESSING as Portugal yeilds rise

EUR/USD relatively quiet o/n but bears are waking up
Portuguese yield spiking (10yr >7.75%) while Spain & Italy equity mkts sink
EUR/USD runs stops through 1.3020 & stays heavy, more stops sub-1.3000
Choppy mkt persists but closes beneath 100& 200dmas & cloud bearish
Through 1.3000 target s-t sup 1.2950/55 then pre-BB levels near 1.2885

http://link.reuters.com/zuc69t

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

AUD/USD - US account took profits from a large short position helping push the pair up, though it was overall well absorbed

[Abo Abdullah]

USD/JPY - Dealers and prop desks paying close attention to the 98.80 bids; if they don't hold, stops through 98.50 will be targeted

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Many funds going through rounds of profit taking, helping GBP, AUD, and EUR rally; otherwise, the market remains quiet and liquidity growing thinner

[Abo Abdullah]

Sovereign name offers in EUR/USD noted at 1.3080 in good size

[Abo Abdullah]

The Buck TRIES to get back on track

The U.S. dollar is attempting to regain momentum this morning and is trading higher against most of the major currencies. The Australian dollar has been hit the hardest by U.S. dollar strength, dropping as much as 1.5% to its lowest level in 2.5 years but so far 90 cents is still rock solid support. Given the fundamental dynamics driving the U.S. dollar higher and the Aussie lower, we feel that it should only be a matter of time before support is broken. USD/JPY is attempting to resume its rise to 100 while the EUR/USD is aiming for 1.30. Throughout this week, we were surprised by the dollar correction because we did not feel that Bernanke’s comments altered the timing for tapering enough to warrant the sharp reversal in the greenback. Barring surprise deterioration in U.S. data, the Fed should begin reducing asset purchases in September. With 2 months to go before this Fed meeting, if the U.S. economy continues to recover, the central bank may opt to become more vocal about their intentions in order to prepare the market for a change in monetary policy and when that occurs, the process should be positive for the dollar

By Kathy Lien

[Abo Abdullah]

EUR/USD - German bank account noted seller

USD/CAD - Decent offer at 1.0400 with stops above also noted

GBP/USD - Stops under 1.5050 have been eyed, but with no major drivers ahead to help push price, the session looks set to continue sideways

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EU tough to be a S/T trader as CHOP PERSISTS

EUR bears hoped Portuguese yield rise would have them sitting pretty
1.3000 stops hit, little downside, p/l hits this week see mkt play things tight
Mkt caught short into weak U. of Mich , USD softens across the board
Shorts cover, pair breaks s-t TL res & tests sov offers near 1.3065
If cleared test of more sov offers ~1.3100/10 likely
More stops likely above 1.3120/25 Chart:

[Abo Abdullah]

Commerzbank - EUR/USD Choppy But No Resistance Of Note Taken Out; Get Ready To Sell

EUR/USD has had a roller coaster of a week, notices Commerzbank.

"Rallies have cleared the 1.3060/1.3103 resistance and in doing so have neutralised the immediate outlook. The Elliot wave count on the 60 minute chart is suggesting that there is scope for further strength, but that the market is likely to struggle to make much impact beyond the 1.3208 high we have just seen," CB clarifies.

"While further chopping around within the 1.2940-1.3275 band is likely we look for the more important resistance at 1.3400/30 to hold – this is the 2011-2013 downtrend, the 200 week ma and the June high. While capped here an overall downside bias will persist," CB adds.

In line with this view, CB advises clients to get ready to sell EUR/USD on a further bounce into 1.3200, and 1.3250, with an initial stop at 1.3280 (no target yet placed for this call).