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

[Abo Abdullah]

Joblessness to Keep Rising, O.E.C.D.(Organization for Economic Cooperation and Development) Forecasts

LONDON — The social impact of the European economic crisis shows little sign of abating, with unemployment in Spain, Greece and other southern European economies expected to continue to rise through the end of next year,Joblessness is expected to continue edging up, to about 28 percent in Spain and Greece, 12.5 percent in Italy and 11 percent in France by the end of 2014.

[AL Ayman]

جزاك الله خيرا .. متابعين معك أخى أبو عبد الله

[Abo Abdullah]

جزاك الله خيرا .. متابعين معك أخى أبو عبد الله

الله يبارك فيك يالغالي ونورت الموضوع , وفقك الله ورزقك

[Abo Abdullah]

EUR Briefing - New York

[NEW YORK July 16, 2013 19:55 GMT] Pressure on US yields persisted & had Europe sell any USD rally put to them. EUR/USD dips to 1.3050 were bought & the bounce had the pair near 1.3110 as NY opened. Early NY saw EUR remain firm as leveraged accounts unloaded USD longs & solid macro demand in EUR/GBP cleared the 0.8700 barrier. EUR/USD lifted near 1.3135 pre-US CPI for June. The higher than f/c data firmed saw EUR/USD spike down to 1.3095. Dip buyers brought the pair back near 1.3120 until US industrial production & NAHB housing data both came in better that f/c. Another dip to 1.3095 was bought to keep stops sub-1.3090 safe. Frustrated bears reversed course and additional USD sales by leveraged names saw EUR/USD rally in the face of S&P downgrading several Italian regions and Portugal lowering its 2014 growth f/c. Stops were run through 1.3150/55 & the pair hit a session high of 1.3174 before settling near 1.3165 into the close. Charts look bullish after long lower wicks were put in place on the July 12 & 15 candles while the pair closes above the 200 DMA. Bernanke’s testimony will be the deciding factor to let us know if the charts are accurate. (CR) Copyright (c) 2013 Thomson Reuters - IFRMarkets

[Abo Abdullah]

Credit Suisse - Finally, A Small Base For AUD/USD: Levels & Targets

AUD/USD sell-off looks to be finding interim support at the psychological .9000 level, and the risk for an overdue rebound has increased sharply, says Credit Suisse.

"A close above the 21-day exp average at .9234 can add weight to a recovery story, with .9296/.9346 then pivotal – the recent highs and “neckline” resistance. Above .9346 is needed to confirm a base has been established, for a potentially sharp recovery back to .9550/.9600 – the 38.2% retracement of the entire April/July sell-off, 55-day average and target from the base," CS answers.

"We would look for this to then cap for a resumption of the medium-term downtrend, back to .9000, then .8675. While .9346 caps, the trend can stay directly lower, CS projects.

[Abo Abdullah]

EU techs Long profit BOOKED

Booked bulk of intended long profits after target approached & price dipped
Today's lows reinforced by 21-DMA
Usage of 21-DMA as support hints at an eventual upper 21-day Bolli test
Have bid by July 12 high at 1.3100 for a correction of heavily o/b hourlies

[Abo Abdullah]

EU Bounce eyes last weeks 1.3208 HIGH

1.3050 on soft German ZEW - then bid as shorts trimmed into Bernanke
Opens +0.8% with momentum studies heading higher
Ma's conflict, while Bolli's continue to contract - expect tight Asian range
Last week's 1.3209 high then falling 1.3255 upper Bolli resistance
NY 1.3095 k low then Europe's 1.3050 low initial support

[Abo Abdullah]

Barclays cops a US$453 million fine for market manipulation

The Federal Energy Regulatory Commission (FERC) today ordered Barclays Bank PLC and four of its traders to pay $453 million in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.

Here’s the link: FERC Orders $453 Million in Penalties for Western Power Market Manipulation

[Abo Abdullah]

Asia Market Report

EUR/USD
•Offers from short-term specs ahead of 1.3180 and 1.3200
•Buy stops lining up above the big figure
•Bids at 1.3100, stronger at 1.3050
•Sell stops growing bigger under 1.3090

USD/JPY
•Offers at 100.00 and 100.50
•Buy stops above 99.70 and 100.10, largest above 100.50
•Many bids filled at 99.00, but more showing up again with more demand through 98.80
•Sell stops starting to grow under 98.80

AUD/USD
•Strong offers at .9260, more ahead of .9300
•Buy stops above .9270 and the big figure
•Bids at .9200 and .9150
•Sell stops below the mid figure in decent size

NZD/USD
•ACB (Asian Central Banks )offers at .7900 still very strong
•Buy stops growing large above those offers
•Bids light at .7850, in better size at .7820 down to .7800
•Sell stops below the mid and big figures

AUD/JPY
•Offers from 91.80 through 92.00
•Buy stops in good size above 91.90 through 92.10
•Bids at 91.20 and 91.00
•Sell stops large below the big figure

EUR/JPY
•Trading in a relatively tight range with offers at 130.80
•Buy stops getting heavy above those offers
•Bids at 130.00
•Sell stops also getting heavy under those bids

KEY NEWS
•Japanese Monetary Policy Meeting Minutes (23:50 GMT)

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EU Short term TOP forming

Short-term top may have formed between 1.3160 & 1.3174
Scope is for a test of the 200-dma @1.3078
Gap between 1.2949 & 1.2966 should continue to draw spot
Looking to get short @1.3150, but be careful as daily momentum is positive

[Abo Abdullah]

GBP/USD - most buying on the recent move from fast money accounts and model funds; no RM buying noted so far

EUR/GBP under pressure after BoE minutes release; stops in good size sub-0.8620 and larger below the big figure

[Abo Abdullah]

Dealers note FX flows are light now and traders staying on the sidelines ahead of the Bernanke speech

[Abo Abdullah]

EURUSD Under Pressure , 1.3127 – 1.3175 Are Important Levels

The EURUSD maintained a bearish momentum the past 12 hours, now pressure will be on the key support 1.3127, the EURUSD will have to hold below the 1.3127 levels on a 4 hour closing basis, to push the market for further downside losses,If seen ,It will target the 1.3048 levels where a breach will turn focus on the 1.2922 levels.

Alternatively , a failure to hold below the 1.3127 levels, could mean a return to the 1.3175 levels, break of 1.3175 on a 4 hour closing basis, will reverse risks to the upside and pave the way towards the 1.3200/1.3240 levels.

In all, as long as the 1.3175 levels hold, on a 4 hour closing basis, the pair is likely to remain under pressure with risk towards 1.3048/1.2922 levels.

[Abo Abdullah]

Bernanke: Very low inflation is likely transitory; will act as needed to move back toward 2% target; labor market is improving gradually, though still not satisfactory; Fed expects to moderate the pace of purchases later this year and end purchases mid-2014