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

[Abo Abdullah]

US fund noted seller of EUR/AUD

[Abo Abdullah]

USD/JPY - Macro funds continue to show steady demand for this pair while real money buys on the dips as well

[Abo Abdullah]

EUR/JPY stuck in tight range. Sell stops under 129.80, buy stops above 130.10. Momentum funds also looking to buy if 130.10 breaks

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EUR/USD - US funds currently buying. Sovereign offers from 1.3060 to 1.3080, but large buy stops above that area

EUR/JPY - Stops above 130.10 triggered. Next resistance at the offers at 130.50. Smaller bids coming in from 130.00 to 129.90 with stops below 128.80. Stronger bids at 129.50

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

US leveraged names now buying EUR/JPY

[Abo Abdullah]

USD/JPY - Offers still strong ahead of 100.00 barrier, but large stops lined up above. Bids at 99.50, larger at 99.00 with sell stops below both those bid levels.

[Abo Abdullah]

EUR/USD - Sovereign offers still in the 1.3060-1.3080 area, large stops clustered above. Small bids from 1.3020 down to 1.3000, with sovereign bids near 1.2980 and sell stops underneath. Corporate bids ahead of 1.2950 with large stops below

[Abo Abdullah]

2nd half repositiong giving EUR a BOOST
The first day of a new six month period often sees investors restocking the risk sides of their portfolios, and that's causing the pop in currencies like the euro and Australian dollar, says Masafumi Takada, head of foreign exchange at BNP Paribas in New York. Long term, he's no euro bull: he thinks the single currency will see $1.20 by year-end. "But it won't be a big euro related selloff like last year," he says. "More like the consequence of a healthy dollar rally." EUR/USD at 1.3052, up 0.3%. [email protected]

[Abo Abdullah]

AUD/USD - Offers from banks and speculators alike from .9240 to .9260, buy stops above that level. Bids at .9200 and .9170 with sell stops below .9150, strong bids at .9100

[Abo Abdullah]

Deutsche bank analysts see S&P holding above 1525
In a piece on MarketWatch.com today it appears that Deutsche bank analysts are looking for a bottom in the S&P500 above 1525 and that this is most likely to occur in mid July

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

Asia Market Report

EUR/USD
•Sentiment was very mixed and this pair saw a lot of two way action as EUR/AUD was sold and EUR/JPY was bought
•Sovereign offers at 1.3060-1.3080
•Heavy buy stops above that offer level
•Small bids from 1.3020 down to 1.3000, with sovereign bids near 1.2980. Large corporate bids ahead of 1.2950
•Sell stops in good size below 1.2980 and sub-1.2950

USD/JPY
•Steady demand from macro accounts with real money buying the dips; most major banks all looking very bullish toward USD
•Offers strong ahead of the 100.00 barrier
•Large buy stops above the barrier
•Bids at 99.50, larger at 99.00
•Sell stops underneath both bid levels

EUR/JPY
•A weak JPY helped keep this pair up along with a small stop hunt, but the EUR side trading very mixed
•Offers at 130.50, 131.00
•Buy stops above 130.30
•Bids at 130.00, 129.80, and 129.00
•Sell stops under 129.70 and below 128.90

AUD/USD
•Shorts squeezed, though overall sentiment remains negative and both banks and speculators looking to get short
•Offers from .9240 to .9260, a major UK bank is a noted seller in that area
•Buy stops above that bid level
•Bids at .9200 and .9170, strong at .9100
•Sell stops underneath .9150 and .9100

AUD/JPY
•Saw the best gains overall as JPY stayed weak and AUD strengthened on exiting shorts
•Offers strong at 92.50
•Buy stops lining up above 92.30
•Bids at 91.80, 91.60/50, larger at 91.10/00
•Sell stops under 91.70 and 91.00

NZD/USD
•Strengthened along with AUD and helped clear weak shorts
•Smaller offers at .7830, larger at .7850
•Small buy stops above .7830, but larger above the mid figure
•Bids at 78.00, but in good size at 77.50
•Sell stops below both bid levels