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

[Abo Abdullah]

EUR/USD – More offers at 1.3380/90 in good size getting triggered

[Abo Abdullah]

USD/JPY - Large stops under 96.00 getting cleared late in the session – Level1

[Abo Abdullah]

USD/JPY worked through Japanese importer bids at 96.00 to clear stops below

EUR/USD - Strong offer ahead of 1.3390 has been cleared

[Abo Abdullah]

Citi says to go long EUR/CHF right now

The technical analysis team at Citi recommends EUR/CHF longs at 1.2304 with a target of 1.2650. They put a stop at 1.2200.

They cite positive price action in European stock markets and prior rebounds from the 200-day moving average as catalysts.
They see initial resistance at 1.2465

[Abo Abdullah]

GBP/USD has seen momentum funds buying into the highs

[Abo Abdullah]

Stops in AUD/USD above .9110 have been cleared; next strong offers at .9150

USD selling across the board is not only clearing stops, but starting to shift perspective to a stronger negative sentiment

[Abo Abdullah]

USD/JPY – Bids at 95.80 held the pair up well, but stops already accumulating under that area and becoming vulnerable

[Abo Abdullah]

Commerzbank - Stopped Out Of EUR/USD Shorts, Tightened Stops On USD/JPY Shorts

Commerzbank stopped today out of its EUR/USD shorts from 1.3275, and 1.3330 at 1.3350.

CB now thinks that with key resistance at 1.3327 has been eroded, the pair will likely test 1.3414 intraday before pressure returns.

Meanwhile, CB tightened the stops on its short USD/JPY from 99.50 to 100 keeping the target unchanged at 95.00.

"USD/JPY has sold off sharply and looks set to extend losses to 95.42 (Fibo) then 94.66 support line. The market is increasingly looking toppy and we would allow for losses right back to the 93.75/55, This is the June low and the 38.2% retracement of the move up from the September 2012 low," CB projects.

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EU S-T specs and 200 WMA cap GAINS

New trend high 1.3401 made, s-t longs taking profit & 200 week MA halt rise
Lack of catalysts into end of week may see further long liquidation
Dips still look to be bought though, bids remain 1.3340/50 & into 1.3300
Weekly close above 1.3345 means last week's doji just a pause in bigger rally
Upside stops start at 1.3425 if tripped February high comes into play

[Abo Abdullah]

EU Brief - New York

[NEW YORK August 8, 2013 19:53 GMT] Steady USD weakness vs. JPY & GBP in Asia & Europe hours had EUR/USD dips shallow & bought. NY EUR/USD near 1.3360 & a brief dip near 1.3250 was rebuffe5 as jobless claims missed f/c. Broad USD weakness ensued after the data & EUR/USD made a steady ascent up as bulls worked through sov offers near 1.3070 and large offers from a US money center bank near 1.3380. The rally picked up steam on the break of 1.3380 and a high of 1.3401 was made. S-T spec profit taking and the 200 week MA combined to halt the rise. Additional offers touted into the 1.3425 level likely aided to keep bulls in check. Action settled in the afternoon and a slow drift back near 1.3380 ensued as USD/JPY recouped all of NY’s early losses & then some. The announcement that Fed’s Pianalto (dove,voter) will step down in early 2014 gave the USD a lift and EUR/USD headed into the close near 1.3380. Bulls seem to have the edge and a run at stops above 1.3425 is likely should USD strength persist into the weekend. A weekly close above 1.3425 indicates last week’s doji was just a pause within the broad uptrend and that the door to February’s high is open. (CR)

[$$$ ابو بدر $$$]

تقبل الله طاعتك وعيدك مبارك
جزاك الله خير دنيا واخره

[Abo Abdullah]

تقبل الله طاعتك وعيدك مبارك
جزاك الله خير دنيا واخره

آمين يارب العالمين وكل عام وانت بخير , ونورت الموضوع يالغالي ابو بدر , وفقك الله ورزقك خير الدارين

[Abo Abdullah]

Asia Market Report

Market Briefings

•USD/JPY was well offered by US leveraged accounts
•A US bank was a noted buyer of EUR/CHF
•BIS was reported selling EUR/USD
•Real money sold USD/JPY near the lows
•Japanese importers bought USD/JPY as it reached 96.00
•Momentum funds bought GBP/USD as it broke to new highs
•USD sentiment becoming negative, though nothing distinctly new has influenced this
•Short squeezing in AUD/USD and NZD/USD has contributed
•Repeated short-term stop hunt plays in USD/JPY also have been a factor
•Strong GBP/USD demand throughout the week also weighing down the USD
•Many USD longs are somewhat confused and hesitant about the moves against them, but are reaching the point where they can’t ignore it
•US data coming in as expected hasn’t stopped this, showing that we will need strong data to overcome the weakness, not just decent data
•Mention of tapering in September has become the norm and is written off at this point; many adopting the mentality of “I”ll believe it when I see it”

EUR/USD
•Offers decent into 1.3400, more offers notable at 1.3450
•Buy stops above the big figure quite large
•Bids at 1.3350 and 1.3330
•Sell stops below 1.3320

AUD/USD
•Offers at .9130, stronger at .9150 and more at .9200
•Light stops above .9130, more above the mid figure
•Bids at .9090 and .9040
•Sell stops under .9080 and larger under .9030

NZD/USD
•Sell interest in good size ahead of .8050
•Buy stops above that mid figure also in good size
•Bids at .8000 and .7940
•Large sell stops below .7930

USD/JPY
•Offers at 96.80 and 97.00; larger offers at 97.50
•Buy stops above 97.00 decent; larger stops above 97.50
•Light bids at 96.00, good bids at 95.80
•Stops growing below 95.70

KEY NEWS
•Japanese Tertiary Industry Activity Index expected –0.2% (23:50 GMT)
•RBA Monetary Policy Statement (01:30 GMT)
•Chinese CPI (YoY) forecast 2.8%; (MoM) forecast 0.1% (01:30 GMT)
•Chinese PPI consensus –2.2% (01:30 GMT)
•BoJ Monthly Report (05:00 GMT)
•Chinese Fixed Asset Investment predicted 20.0% (05:30 GMT)
•Chinese Industrial Production expectations 9.0% (05:30 GMT)
•Chinese Retail Sales forecast 13.5% (05:30 GMT)

[Abo Abdullah]

ANZ - Where Is The Correction In EUR/USD

The Head and Shoulders pattern risk in EUR/USD proved to be unfounded and the wide range of 1.25-1.37 persists, says Australia New Zealand Banking Group (ANZ).

"Despite pockets of apparent impulsive price action, the broader profile remains that of a likely protracted consolidation pattern into year end. The near term show of strength could trigger an early push towards the upper bounds of the range, but the favoured profile is for failure in front of 1.35 and for an interim flush to define range support – beware bull-traps," ANZ clarifies.

As such, ANZ thinks that while the pair's current gains look relatively impulsive, an interim correction, back towards 1.3050, is likely to develop.

"A slip now below 1.3265 could begin the correction (confirmed below 1.3225). If support proves to be solid at 1.3050, another push towards 1.3500 may develop as range defining continues,' ANZ projects.