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

[Abo Abdullah]

EUR/GBP. Broke and fell 40 pips in a flash, dragging the euro down with it. Some bids at 0.8500 with more at 0.8485.

EUR/GBP – 0.8580 breaks, hits stops

The focus now shifts back to EUR/USD with strong bids around 1.3220 under

[Abo Abdullah]

EUR/GBP’s sharp drop lower attributed to a few things: A mistake from a large fund; stops in good size being cleared; system funds selling into the momentum; and real money then joining in

AUD/USD saw bids from Asian accounts into .9080, but US leveraged names still selling and stops under .9080 becoming vulnerable

AUD/USD – Stops under .9080 now cleared with price pulling back slightly from those lows

[Abo Abdullah]

Repetition

Valid Till : 18.00 GMT

EUR/USD – Banks , leveraged accounts and real money noted Start demand building at 1.3220/10 in good size

[Abo Abdullah]

Next significant demand in AUD/USD at .9040, sentiment turning negative

[Abo Abdullah]

USD/JPY –Banks Offers Start building noted at 98.50/60 in good size

[Abo Abdullah]

Nordea - FX Outlooks & Forecasts

The following are a selection of Nordea Markets' latest macro FX outlooks and forecasts:

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

BNP Paribas - Strategies For Playing The USD Strength

If the USD continues to appreciates over the coming days, there will be better opportunities for long USD/JPY, USD/CHF and short GBP/USD exposure rather than shorting EUR/USD, advises BNP Paribas.

"We think UK front-end rates could move lower if BOE officials continue to emphasize the dovish elements of their policy stance, while our BNP Paribas STEE model suggests GBPUSD is too high even if the current level of front-end rates were to be sustained . We entered a short GBP/USD quantitative trade, targeting a move back to 1.5250. Today’s data is consistent with the decline in GBP/USD," BNPP outlines its latest cable trade.

Along with these USD plays, BNPP also thinks that EUR/CHF looks attractive at current levels.

"EUR/CHF is currently particularly attractive given that eurozone stress has diminished to a new 12-month low. This trend is displayed in the Italian-German 10-year sovereign bond spread falling to its lowest level in 12 months at 243 bps this morning. Our own BNP Paribas weighted-average sovereign spread monitor indicates EURCHF should be trading close to 1.28," BNPP adds.

[Abo Abdullah]

Commerzbank - EUR/USD Reverses Lower Targeting 1.3188 Support S/T, Stay Short

EUR/USD is coming off its current August high at 1.3401 which was made last week close to the 200 week moving average, notes Commerzbank.

"Now that the 1.3362 accelerated uptrend line has been slipped through, the 1.3208/1.3188 support zone is being eyed. It is where the July 11 high and the current August low were made. Only a drop through this support zone will alleviate immediate upside pressure, though. Failure here will target the 1.3000 region. Loss of this zone is needed to re-target the 1.2755/40 July and April lows," CB projects.

To negate this bearish view, according to CB, the pair would need to rise above 1.3420 which would then suggest ongoing strength to 1.3500/20, the minor psychological level and 13th February high.

In line with this view, CB maintains a short EUR/USD from 1.3383 with a stop at 1.3425 and a target at 1.3190.

[Abo Abdullah]

EU Offered into BROKEN 10 DMA

Breaks the up TL off July 15 & Aug 2 lows & 10-DMA/Tenkan just under 1.3300
This adds weight to Momentum finally turns negative today
Offered at 1.3290, just ahead the 10-DMA
Kijun & 50% of the 1.2755-1.3401 rally at 1.3076/78 attract
Chart: http://link.reuters.com/xed42v

[Abo Abdullah]

The market prepares to shift to a new trading zone

3months ago ,The United Kingdom has “fully” recovered from the effects of the global economic crisis of 2008 , but UK
keeps such information away of public, just to keep EURO zone away of harm .

If the GBP flies without the EURO , then the EURO will be in big trouble ,If this scenario happens , EURO zone may work against the GBP!!!

So UK hides this info to avoid conflicts and fights with EURO zone .Now arrangements have been prepared to make both pairs fly with each other, but GBP is expected to fly almost twice than the EURO…

Carney’s speech was just like the test bubble, they wanted to see how the world would react with such info, anyway the truth will come to surface sooner or later…

The market is expected to back to the middle of 2008/2013 range or higher a bit in 2014!!!

Technically , pay attention on the 1.3415 levels,breaking of this resistance is an early warning for the 1.4000 levels .

[Abo Abdullah]

SEB - Forecasts, Signals, & Action Levels For EUR/USD, GBP/USD & Other FX Spots

The following table provides SEB Group's latest forecasts, signals and action levels for EUR/USD, USD/JPY, GBP/USD, and a selection of other currency pairs.

[Abo Abdullah]

USD/JPY – Stops above 98.30 gaining some attention from leveraged funds. Offers after that into 98.50/60 in good size

[Abo Abdullah]

Sentiment in AUD turning over to the downside, without a strong rally from here it’s likely to continue.

EUR was gladly sold down to these levels, but more buying interest showing up is helping to keep it bid.

USD strong with a likely QE taper around the corner and JPY weaker as talks of corporate tax cuts weigh in.

[Abo Abdullah]

USD/JPY clearing stops above 98.30