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

[Abo Abdullah]

EUR/USD

[Abo Abdullah]

EU Brief - Asia

[02:44 GMT Aug 16] The EUR/USD opened the Asian session at 1.3347 after completing a bullish outside day reversal after US markets had a ?triple-sell? where US stocks, bonds and the US dollar sold off. Talk of large option expiries dotted around 1.3350 kept the EUR/USD confined between 1.3340/60 through the Asian session ? with most of the dealing at 1.3350. The EUR/USD was underpinned by EUR/JPY demand out of Tokyo while talk of Asian sovereign related sellers between 1.3360/70 capped the price action. The market is a bit confused by the USD sell off during the US session despite higher US Treasury yields and a building consensus that the Fed will announce QE tapering at their Sept FOMC meeting. The wildcard appeared to be the Treasury TIC data showing a huge net selling of long-dated Treasuries by foreign investors in June. The data has thrown some doubt on whether rising US Treasury yields will support the USD if Japanese and Chinese investors dump US Treasuries as a result. Expect choppy price action in the days/weeks ahead. IJN) Copyright (c) 2013 Thomson Reuters - IFRMarkets

[Abo Abdullah]

Bank of America Merrill Exits EUR/USD Short, Sees Cable Close To Sell

Bank of America Merrill Lynch exited its short EUR/USD position from 1.3353 at 1.3320. The trade had an initial target at 1.2821, and an initial stop at 1.3420.

In the meantime, BofA is getting ready to sell GBP/USD seeing its current gains corrective.

"We maintain our negative view on GBP/USD, as the Elliott Wave setup remains too beautiful to ignore. While the risk for further VERY shortterm gains remains, THESE GAINS MUST BE SOLD for a resumption of the larger bear trend for 1.4783/1.4767 and below. OUR VIEW IS WRONG ON A PUSH ABOVE 1.5752," BofA advises.

[Abo Abdullah]

US Market Report

Market Briefings

•Asian accounts and macro names sold EUR/USD at 1.3350 capping the rally so far
•Real money account sold AUD/USD above 0.9180 and short-term specs took profits on long positions
•UK clearer sold AUD/JPY in the early London session
•Leveraged names bought USD/CHF ahead of 0.9250
•US 10YR yield remains at a high level and banks see the break above 2.75 % as significant, paving the way for more gains
•USD was under pressure as Asian sovereigns purchased large quantities of Gold, hence selling Dollars
•USD to strengthen if gains in US yields can be sustained
•Short-term market caught a bit short USD at the moment, vulnerable to squeezes
•Looking at the FX Heatmap, all major currencies are mixed and little changed on the day
•Expect some position covering ahead of the weekend; flows likely to be USD-positive

EUR/USD
•Bids at 1.3320 down to 1.33 and in better size at 1.3250
•Sell stops accumulating beneath the big figure through 1.3290
•Offers at 1.3350 and from 1.3380 up to 1.34
•Buy stops above 1.34 in good size

GBP/USD
•Bids at 1.5620 and in decent size at 1.5580
•Sell stops beneath both levels
•Offers at 1.5680 and ahead of the 1.57 barrier option
•Buy stops building above the big figure through 1.5710

USD/JPY
•Bids from 97.20 to 97.00 solid; then 96.50 and large demand from 96.20 to 96.00
•Sell stops sub-97.00 through 96.90 and beneath 96.50
•Offers at 96.80 and 98.20
•Buy stops above 98.00 through 98.10

AUD/USD
•Bids at 0.9150, 0.9120/30 and larger from 0.91 down to 0.9080
•Sell stops building sub-0.9120 and beneath the big figure through 0.9090
•Offers clustered from 0.9190 up to 0.9220 in solid size
•Buy stops above 0.92 up to 0.9220 sizeable

EUR/JPY
•Bids from 129.60 down to 129.40
•Sell stops beneath in good size
•Offers lined up from 130.80 up to 131.00
•Buy stops above the big figure through 131.10 sizeable

KEY NEWS
•13:55 GMT (09:55 EST) - University of Michigan Consumer Confidence

[Abo Abdullah]

EU Brief - London

[LONDON, Aug 16 11:45 GMT] A tired market following the Thursday chop and late 1.3206 to 1.3363 rally. Asian accounts still happy to sell into strength with offers touted at 1.3360-70 and 1.3390-00 and European names seeing value in the low 1.33s. The lack of follow through above 1.3350 has weakened the bull case but pullbacks look limited to 1.3325-35 area ahead of the US data. Stops are set below 1.3300 and 1.3250. Note, a large 1.3350 option expiry, which looks to be attracting price. The market is a bit confused by the USD sell off during the US session despite higher UST ylds and a building consensus that the Fed will announce QE tapering in Sept. The wildcard appeared to be the Tsy TIC data showing a huge net selling of long-dated Tsys by foreign investors in June. The data has thrown some doubt on whether rising US Treasury yields will support the USD if Japanese and Chinese investors dump US Treasuries as a result. Expect choppy price action in the days/weeks ahead. JN/PS Copyright (c) 2013 Thomson Reuters - IFRMarkets

[Abo Abdullah]

USD/JPY – Stops under 97.00 in good size, bids just ahead of that big figure

GBP/USD – Stops over 1.5650 cleared

[Abo Abdullah]

July US Housing starts 0.896m vs 0.900m exp

•Prior 0.836m. Revised to 0.846m
•Building permits 0.943 vs 0.945m exp. Prior 0.911m. Revised to 0.918m

Housing starts have been on a slide for the last couple of months. It’s nothing alarming after the robust gains but it is showing signs of flattening out

[Abo Abdullah]

There is some chatter about big option expirations rolling off at the NY cut (1400 GMT) for EUR/USD and GBP/USD .

The USD/JPY expiries, however, are huge and they’re real:
•USD/JPY – 97.50 ($1.2B), 97.10 ($2B), 97.00 ($650m), 98.00 ($160m) 98.10 ($3.4B)

The cable option at 1.5650 is around $100m and the 1.5675 is even smaller and that’s just not big enough to have any kind of effect. The only other ones I can dig up that might influence markets are around 1.0400 in USD/CAD but with spot below 1.0330, that’s a stretch. Also keep in mind that U Mich consumer sentiment data will be released at the same time as the options cut so that could add some volatility.

[Abo Abdullah]

•European stock funds have $2.3B inflow, largest in more than 2 years
•US stock funds have $1.9B outflow, first outflow in 7 weeks
•The data reflects the week ended Wednesday

A flow of money follows the stream of good European data.

[Abo Abdullah]

AUD/USD sees continued demand as yield spreads work in its favor; stops above .9230 growing ever vulnerable

[ابو لاما]

•European stock funds have $2.3B inflow, largest in more than 2 years
•US stock funds have $1.9B outflow, first outflow in 7 weeks
•The data reflects the week ended Wednesday

A flow of money follows the stream of good European data.

خبر مهم جدا يعني ان النت فلو لصالح اليورو تحويل الدولارات ليورو بارك الله بك يدعم هذا ايضاء نظرتي الشرائية الرقمية وحسب مركز الثقل للاسبوع القادم ان شاء الله
تقبل خالص تحياتي ابو عبدالله وبارك الله بك وبانتظار معرفك الجديد للسكابي الله لا يحرمنا منك يا رب
تقبل خالص تحياتي

[Abo Abdullah]

Steady real money demand continues for EUR/GBP

USD/JPY - Large options expiries at 97.00 - 97.10; attraction to that level is likely

[Abo Abdullah]

خبر مهم جدا يعني ان النت فلو لصالح اليورو تحويل الدولارات ليورو بارك الله بك يدعم هذا ايضاء نظرتي الشرائية الرقمية وحسب مركز الثقل للاسبوع القادم ان شاء الله
تقبل خالص تحياتي ابو عبدالله وبارك الله بك وبانتظار معرفك الجديد للسكابي الله لا يحرمنا منك يا رب
تقبل خالص تحياتي

نعم يالغالي انتبه من السوق اليوم , واعطيني فرصه بس و راح ابعثلك السكايب لاني اتابع الاخبار واسف على التأخير حبيبي

[Abo Abdullah]

More options influence than just noted in USD/JPY - Large expiries also in play at 97.50 and 98.10, so two-way action more likely

[Abo Abdullah]

Large selling interest in EUR/USD ahead of the 1.3450 barrier