EurAnalysis

Today’s orderboard

Written by Pete Jackson
August 13, 2012 at 05:46 GMT

EUR/USD: Bids 1.2260/70 and larger down at 1.2240/50, sell stops below, good offers start from 1.2300/10, suggested buy stops up through 1.2330 ahead of offers 1.2380/00

GBP/USD: Offers 1.5700/10 (UK Clearers, US funds)possible buy stops just above ahead of tech res 1.5720/25 (200 day MA 1.5723) and 1.5760/65 (100 day.MA 1/5762) Bids 1.5660/70, 1.5600/20 and 1.5570/80 sell stops below

EUR/GBP: Offers 0.7870/80, 0.78895/05 and larger 0.7940/50. Bids 0.7830/40, sell stops below through-0.7825 ahead of more bids 0.7800/10

USD/JPY: Offers 78.30-50 and 78.75/85 buy stops above and through 79.00, tech res at 55/200 day MA’s at 79.03 /18. Large bids at 78.00/10 (probably official). Large sell stops down through 77.90 ahead of barriers 77.75 and 77.50.

EUR/JPY: Bids 96.00/10 and 95.50/60 sell stops below ahead of more bids 95.30/40and 95.00./10. Offers 96.30/50(exporters, CTA’s and funds)

AUD/JPY: Strong bids 82.40/50 (Japanese names) sell stops through 82.30 below and again through 82.00. Offers 83.00/10 likely buy stops above through 83.30

EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/30

AUD/USD: Offers from 1.0570 up to 1.0600 (RBA commercial, hedge funds) more offers from 1.0630 ahead of a 1.0650 barrier. Strong bids 1.0540/45 and 1.0500/10. Sell stops through 1.0495. Bids below 1.0450/60 with further sell stops through 1.0445.

EUR/AUD: Offers 1.1645/55 and tech res 1.1680/90. Bids/tech supp from 1.161/20

NZD/USD: Offers 0.8130/40 and 0.8160/70. Bids 0.8080/90 sell stops below though 0.8075

Hahaha.

Thanks PT. Glad to be back! Time to make some money, spent too much this past month...

Today's Euro FX option expiries @ 14:00 GMT

1.2025
1.2100 ($250 Mil)
1.2200
1.2400

morning all
looking for a chance to short from 1.23 to catch about 50 pips, cause i don't expect this pair to show us a good move in Mondays!
green pips all

Me neither. I had to register on that mofo... just to type codes from beer cans - to participate in brewery prize game. Won 2 sixpacks... .
Anyway... coffee time now.

Does anybody know if these threads have an "Auto Refresh" function?

LOL

You can Browse this site using "FireFox" web browser. Install the ADD-In, Reload Every from Firefox AddOn site.

Set the Timer for refreshing as you wish eg. 30 sec.

Link : https://addons.mozilla.org/en-US/fir...n/reloadevery/

[quote=PipTrapper;5923709]Good morning and happy Monday to all.

.....As a result, the markets are still in a coma .......

Thanks .........

Thanks Rekon. I use Google Chrome but maybe I'll look into Firefox...

Hi everybody,

@ 100PipsADay

You have several extensions for Chrome that do the same.

Here's one for Chrome

https://chrome.google.com/webstore/d...jeonahgbacejid

Nice! I had no idea about all of the additional extensions!

Thanks for tomlee and PT.

Typical Monday morning...

http://www.sherv.net/cm/emoticons/sl...y-emoticon.gif

I'm going long on EUR/AUD. It is extremely oversold and it looks like we recently formed a double bottom on the D1 chart.

Also, H4 MACD just crossed over...

If we can brake 1.19 (monthly pivot) I will probably scale in another position.

Also decided to short AUD/JPY as MACD on D1 has just crossed over. I also believe this is due for some sort of correction as well. If we can break the daily trendline then I will definitely scale in a few more positions.

EUR/AUD: Buy 1.16416
AUD/JPY: Sell 82.655

SL: 160
TP: 280

Italy sells 364-day bills at 2.767% versus 2.697% yield on July 12.

http://www.dailyfx.com/forex/fundame...16_Months.html

Dollar Carves out its Smallest Week In at Least 16 Months

Euro Prepares for a Fundamental Shock with EZ Health Reading

Japanese Yen: Noda Makes Progress in Debt Fight, GDP On Tap Early

British Pound Facing a Data Heavy Week, Attention Still Likely to Fall to EZ

Australian Dollar Perhaps the Most Dependent on Risk Appetite

Canadian Dollar Closed out Last Week with Volatility, More Ahead

Gold Bulls Ask: What Does it Take to Push above 1630?

Dollar Carves out its Smallest Week In at Least 16 Months
There are countless stats in the market that point to extreme in market activity – extremely quiet. Extremes can generate abnormal trading conditions, but they are also a temporary state of being. Otherwise, we wouldn’t label them ‘extreme’. That is what we must remember when trading the dollar. As The FX market’s preferred safe haven currency, the greenback is particularly dependent on the tide changes in market sentiment. Naturally, with the equity market’s ‘fear index’ (the VIX) ending this past week at its lowest level since March 26 and the FX equivalent wandering into levels not seen since November 2007, the dollar will struggle. Indeed, the range the Dow Jones FXCM Dollar Index (ticker = USDollar) carved out this past week was the smallest since records for high and low data were recorded starting back in April of last year. The lack of progress is discouraging, but there is a positive aspect to this quiet market that we should appreciate: the fact that a drop in expected volatility (a standard measure for risk and fear) to multi-year lows hasn’t lead the world’s premier reserve currency to tumble.


The greatest threat to a safe haven currency that is prized primarily for its liquidity is not a rise in risk appetite trends (the dollar is not the best funding currency for carry interests as investors realize its rates will rise alongside sentiment levels) but rather a general calm for the broader markets that directly undermines the value of the capital refuge. The extraordinary lows in activity and fear measures should therefore have presented an active selling point for the dollar. And yet, the Dollar Index has managed to hold above the 10,000 level which is complimented by the 200-day moving average and an obvious rising trend that originates back in July of last year. It is the absence of losses in the face of unfavorable market conditions (again not fundamental but speculative) that implicitly highlights a stubborn strength for the greenback. What happens when volume recovers, which most likely leverages volatility and very likely risk aversion (seeing as how volatility is associated as risk and the fundamental backdrop has deteriorated through this spell of congestion)? Dollar traders should look at every known piece of event risk and surprise financial headline for its potential impact on risk trends – from data like US retail sales to Greek GDP to Fed member speeches.


Euro Prepares for a Fundamental Shock with EZ Health Reading
What is the definition of a bullish and bearish market for an individual security? From a fundamental perspective, if a currency or asset is leverages the influence of positive data or events and suppresses the negative, then the bullish side of the market carries more sway. Vice versa, if the positive is neglected while the disappointing drives prices lower; we are dealing with a bearish situation. Interestingly enough, we witnessed both scenarios this past week. From the newswires, Italian GDP reported an extended recession, a decision on Greece’s vital rescue payment was deferred until September and Spain would not ask for a full bailout (theoretically preventing the ECB from buying its bonds on the open market); yet the euro’s response to the individual developments was mute. On the flip side of that coin, as risk appetite trends carried equities and high-yield currencies higher, the ‘oversold’ euro retraced the gains it won on stimulus speculation the two week before.


The confusion in commitment once again traces back to the absence of participation – as well as a lack of heft in the fundamental developments through the week. We can expect at least one aspect of this unnatural quiet to be shaken in the week ahead. On tap is a collective growth reading for the Euro Zone (Greece, Portugal, France, Germany and EZ) alongside an investor confidence reading and Greek bond auction.

hello E/U again at the 1,2330 area

Germany sells 3.77 billion Euros of 6-month, zero coupon bills at an average yield of -0.05%.

Morning folks.

Tripple top on M15 at 1.2315 and double top on hourly. Also Weekly pivot at 1.2318 and Daily S1 at 1.2321 and 1H 100SMA at 1.2318

Should be a tough nut to crack...

ADD: M5, M15 and 1H TDI overbought as well.