Author: Mike Paterson

Here's the latest on the other key pairs for today 28 June 2016

USDCHF: 0.9791 underpinned with SNB still watching closely.

Offers:   0.9830 0.9860 0.9900

Bids:   0.9760 0.9720 0.9700 0.9660 0.9600


EURCHF: 1.0831 underpinned as above re SNB

Offers:   1.0860 1.0880 1.0900 1.0920 1.0950

Bids:    1.0800 1.0750 1.0720 1.0700 1.0685 1.0650 1.0630 1.0600


USDCAD: 1.2990 after finding support as oil retreats

Offers:   1.3050 1.3085 1.3100 1.3150 1.3200

Bids:    1.2965 1.2950 1.2900 1.2880 1.2850


NZDUSD: 0.7070 in retreat after failing into 0.7100 again

Offers:  0.7100 0.7160 0.7180 0.7200 0.7250

Bids:   0.7035-40 0.7000 0.6980 0.6950 0.6900


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Author: Mike Paterson

Italy manufacturing confidence June 102.80 vs 102.1 exp

Italy June confidence report 28 June 2016 - 102.1 prev - consumer confidence 110.2 vs 112.5 exp vs 112.5 prev revised down from 112.7 - economic sentiment 101.2 vs 103.00 prev revised down from 103.4 All irrelevant right now. Let's see how its stacks up next time post-Brexit vote.

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Author: Mike Paterson
2

AUDUSD orders 28 June

Currently 0.7407 also on the rise as a little bit of risk sentiment returns Offers:  0.7420-25 0.7450-55 0.7485 0.7520 0.7500 0.7550 0.7570 0.7600 (strong-stops if breached) Bids: 

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Author: Mike Paterson

EURUSD orders 28 June

Currently 1.1066 finding a little support as markets settle Offers: 1.1120-25 1.1150 1.1200 1.1230-40 1.1280 1.1300 1.1080-85 1.1100 1.1170 1.1200  Bids:  1.1025-30 1.0975-80 1.0930 1.0885 1.0850 1.0820-25

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Author: Mike Paterson

EURGBP orders 28 June

Currently 0.8298 as the pound finds some comfort from firmer equities Delayed reaction but hey, those carrier pigeons have been working their little legs off the past few days.

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Author: Mike Paterson
31

Fin Min Osborne says it's the clear the UK is now going to be poorer

UK finance minister Osborne speaking to BBC radio 28 June 2016 - crucial to provide fiscal stability - UK in prolonged period of economic adjustment - decisions on taxes, spending to come under new PM Isn't it time he stepped down and gave a man with his glass half-full a chance to take this forward?

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Author: Mike Paterson
1

European equity markets open firmer 28 June

Positive tones to equity markets as the futures indicated 28 June - FTSE +1.6% - DAX +2.0% - CAC40 +2.1% - FTMIB +1.2% - IBEX +2.5% UK banks all making solid gains but GBP unimpressed for the moment

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Author: Mike Paterson

Spain retail sales May yy +2.8% vs +6.3% prev

Spain May retail sales report 28 June 2016 - prev revised down from +6.4% - yy SA +2.3% VS +40% prev revised down from +4.1% Softer data a concern but and we're not gonna see so many Brits taking up the slack anytime soon.

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Author: Mike Paterson

GBPUSD orders 28 June

Currently 1.3303 relatively calm for the moment but still vulnerable Rally selling into 1.3500 still preferred. Immediate supply into 1.3350 then 1.3400. Demand between 1.3250-60.

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Author: Mike Paterson

France consumer confidence June 97 as expected

France June consumer confidence report 28 June - 98 prev Let's see what next month's looks like post-Brexit vote. Meanwhile all is relative calm EURUSD 1.1069 EURGBP 0.8321 EURJPY 112.82

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Author: Mike Paterson
13

Trading Ideas - European session 28 June

Your daily thread to exchange trading ideas and discussion 28 June 2016 All is relative calm for the moment but we can expect it all to kick off again soon enough.

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Author: Mike Paterson

Nikkei 225 closes up +0.09 at 15,323.14

Japanese equities paring some gains into the close 28 June - +13.93 - open 15094.71 - high 15443.82 - low 14987.79 - USDJPY 101.90 also seeing some supply Earlier I reported that JGB yields were posting as a flight to govt safety continues post-Brexit.

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Author: Mike Paterson

Germany import price index May mm +0.9% vs +0.6% exp

Germany May import price index report 28 June 2016 - -0.1% prev - yy -5.5% vs -5.8% exp vs -6.6% prev A hint of price rises will be welcome but it's not going to change anything right now.

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Author: Mike Paterson

EURJPY orders 28 June

Currently 1.1272 with 113.00 providing a cap so far Demand into 112.00 Offers: 113.20-25 113.50-55 114.30 114.50 113.00 114.00 115.00 Bids: 112.50 111.70 111.50 110.60 109.50

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Author: Mike Paterson

USDJPY orders 28 June

Currently 101.94  after failing around 102.20 again Offers: 102.80-85 103.25 103.50 103.85 102.20-25 102.50 103.00 104.00 Bids: 101.80 101.65 1101.50 101.20-25 100.65 99.85 99.50 99.00

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Author: Mike Paterson

Option expiries 10 am NY cut today 28 June

Here's the notable expiries that the DTCC have listed for today 28 June 2016 - EURUSD 1.1100 (251m) - USDJPY  104.50 (USD 750m) - AUDUSD 0.7350 (455m) 0.7500 (452m) Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.

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Author: Mike Paterson
1

More on Osborne's decision not to stand in PM contest

UK finance minister George Osborne has officially said he will not stand in the UK's Conservative Party leadership race 28 June 2016 Eamonn had the breaking news earlier but here's a bit more detail from Osborne's letter in The Times:

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Author: Mike Paterson
3

Data coming up in this session 28 June

Here's the economic data/event calendar for today 28 June 2016 Greetings everybody, and yes England's footballers were total garbage to a man! Data-wise it's another relatively quiet one today but we do get a third look at  US Q1 GDP at 12.30 GMT

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Author: Mike Paterson
4

Japan's JGB yields all less than 0.1% for the first time

Japanese Government Bond yields hit record low levels 28 June 2016 - 40 year 0.075% - 30 year JGB 0.05% - 20 year 0.04% - 10 year 0.0225% Investors continuing to worry over general Brexit-led fall out and heading into govt bond safety.

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Author: Eamonn Sheridan
2

ForexLive Asia FX news wrap: GBP steadies and chalks up gains

Forex news for Asia trading Tuesday 28 June 2016 A better session for the GBP today, from lows around 1.3200 early Asia (late NY) to above 1.3330. EUR, AUD, NZD all gained also. There was no new news to drive the moves, the market is volatile enough to move without news a catalyst.

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