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

[Abo Abdullah]

Leveraged fund is a noted seller of AUD/USD

[Abo Abdullah]

Bernanke explaining why gold prices have fallen

A Senator asked Bernanke about gold. It was comical listening to intelligent people trying to make sense of gold prices.
•Gold is seen as an inflation hedge but history doesn’t support that
•Gold seen as a hedge against economic disaster, in that sense lower gold is a positive sign

After bumbling for a few minutes, he circled around to the point:

“Nobody really understands gold prices, and I don’t pretend to understand them either”

Well played Ben!

[Abo Abdullah]

UBS - S/T 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 UBS*:

EUR/USD: (Bearish) With the MACD still below its zero line, the broader risk remains for the pair to resume downside. Support is at 1.2981 ahead of 1.2755.

USD/JPY: (Bullish) With the bull trend intact, focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74. Support is at 98.2.

GBP/USD: (Bearish ) There is a strong resistance at 1.5283; which should be held on a closing basis. Initial support is at 1.5018 ahead of 1.4814.

AUD/USD: (Bearish) With the bear trend intact, upside should be limited with a strong resistance at 0.9333. The broader focus is on the move below 0.8999 to test the critical 0.8771.

*NOTE: The trend for each currency pair as defined above is determined by UBS proprietary model and is independent of its discretionary interpretation of price action.

[Abo Abdullah]

EU stops in JEOPARDY as E/J buying slows

Earlier bounce off session lows aided by EUR/JPY buys, that interest gone now
EUR/USD back at session lows as EUR/GBP may try to run stops through 0.8595
NY dealers note EUR/USD stops below the Julky 16 low
Those stops may attract if no rally soon, if run 1.3000 & 10 DMA test due

[Abo Abdullah]

Scotiabank - Buy & Sell Signals For EUR/USD, GBP/USD, USD/JPY, & Other FX Spots

[بدر الحربي]

بارك الله فيك ابو عبدالله
مجهود تشكر عليه
متابع لموضوعك دائما
شكرا لك

[Abo Abdullah]

بارك الله فيك ابو عبدالله
مجهود تشكر عليه
متابع لموضوعك دائما
شكرا لك

حياك الله اخي بدر وشرفني مرورك ومتابعتك ونورت الموضوع , ووفقك الله ورزقك

[Abo Abdullah]

GBP/JPY testing the July highs – technical analysis

GBP/JPY has gained 275 pips in the last two days and is threatening to break the July high of 153.02. The high trade so far is 153.03 but the break hasn’t been definitive. The pair has been wedging somewhat recently, but could be on its way back to the May high of 156.77.

[Abo Abdullah]

EU Shorts BURNED again


A heavy EUR had bears hoping for stop hunt through 1.3050, didn't materialize
Portugal Govt survives no confidence vote give EUR some needed s-t relief
Pair rallies just shy of intra-day stops near 1.3125
WSJ survey of economists saying Yellen likely next Fed head likely aided rise
If 1.3125 cleared Asian offers ~ 1.3140, then corp offers 1.3160, bigger into 1.3200

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

It’s been a simple break out above resistance in the $98-$100 zone. There is also a rough inverted head & shoulders pattern

The main targets are the 2012 high of $110.55 and the 2011 high of $114.83.

It might soon be time to take some profits but what’s encouraging for oil bulls is that the market buzz is still minimal.

[Abo Abdullah]

Moody’s Changes outlook to stable from negative for US

•AAA rating confirmed
•Sees US government deficit increase over the longer term
•Says Aaa supported by secure status of US dollar
•Says US growth is moderate but faster than compared with several AAA peers
•US economy has shown resilience to major reductions in government spending

So, an upgrade in outlook for the US. Must be all the economic positive news

[Abo Abdullah]

EUR Briefing - New York

[NEW YORK July 18, 2013 19:49 GMT] European action was limited but NY managed to spark things up if only slightly. EUR/USD opened NY near 1.3110 & spiked the pair to 1.3070 as USD/JPY lifted-off from 100.00. Bears couldn’t push further as EUR/JPY buys aided to cushion EUR/USD sales. EUR/JPY rallied from 131.07 to 131.35 & allowed EUR/USD to touch 1.3102 ahead of the Philly Fed data. The numbers beat solidly & firmed the USD again. EUR/USD hit a session low of 1.3066 before rebounding. EUR/JPY went on a stop loss run & hit a high of 131.88. EUR/USD lifted from the lows & the rallied picked up steam after Portugal’s govt survived a no confidence vote. The pair briefly traded above 1.3120 but could manage no added gains as EUR/JPY buys subsided. Heading into the close EUR/USD sat near 1.3110 to leave it down only slightly on the day. Another failed attempt to hold below the 200 DMA is encouraging to bulls and suggests dip buyers lurk. Bears are becoming frustrated & a break above the July 11 high may see them relent. Should that high be cleared there is not much resistance until the June highs near 1.3415. (CR) Copyright (c) Thomson Reuters -

[Abo Abdullah]

Gold rebound stalls at familiar level
The high in the gold rebound today was $1289, precisely the 61.8% retracement of yesterday’s drop.

$1300 has proved to be a stiff area of resistance and even a return to dovish Ben hasn’t done much to boost gold.

[Abo Abdullah]

Detroit files for bankruptcy – the Michigan governors letter