Author: Ryan Littlestone

June 2015 US factory orders +1.8% vs +1.8% exp m/m

US factory orders and durable goods revisions data report for June 2015 - Prior -1.0%. Revised to -1.1% - Ex-transport 0.5% vs 0.1% prior. Revised to -0.1% Durable goods revisions

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Author: Ryan Littlestone

Unglamorous open for US equities

US stock market open 4 August 2015 - S&P flat at 2097  - Dow -4pts to 17593 - Nasdaq -3pts to 5111  US 10 year yields 2.17% +3bp

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Author: Ryan Littlestone

July 2015 US ISM New York 68.8 vs 63.1 prior

July 2015 US ISM New York data report 4 August 2015 - Business conditions index 699.7 vs 690.2 - Outlook 69.2 vs 78.0 prior - Employment 64.8 vs 63.4 - Prices paid 50.0 vs 56.3 prior Another minor data point and it's going in the right direction. Employment is doing ok but revenues are off a tad

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Author: Greg Michalowski

Forex technical analysis: USDJPY compresses. Looking for the break

Range narrow. Market unsure...for now The USDJPY is coiling in a narrow trading range today. The pair is trading between the 100 and 200 hour MAs (blue and green lines in the chart below) .  The 100 hour moving average currently comes in at 124.028. While the 200 moving average currently comes in at 123.826.  In addition, there are narrowing topside and lower trend lines. They come in at 124.10 and 123.83 respectively.  The 50% midpoint of the 4-day consolidating range, comes in at 124.042.  The trading range for the day is only 31 pips. The average over the last 22 trading days (about a months worth of trading) is 82 pips

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Author: Ryan Littlestone

July 2015 Canada RBC manufacturing PMI 50.8 vs 51.3 prior

Highlights of the July 2015 Canada RBC manufacturing PMI data report 4 August 2015 - Output 51.6 vs 52.9 prior - Employment 49.5 vs 50.4 prior RBC's assistant chief economist, Paul Ferley says that the strengthening of the US economy and weaker CAD should provide a greater boost to exports and business conditions for manufacturers over the second half of the year

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Author: Ryan Littlestone

Want to know the market's verdict on the RBA?

You've had my thoughts, now here's the views from some of the biggest and brightest in the game The rally in the aussie is already looking like it's running out of steam. We've had a look above 0.7400 by 6 pips but didn't like what we saw so we're back below

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Author: Greg Michalowski

Forex technical analysis: EURUSD keeping near day highs as NY traders enter

Trades between 100 and 200 hour MA The EURUSD is trading nearer high levels as NY traders enter. The pair has had a steady, but slow climb higher from the Asia-Pacific low at the 1.09314 (low for the new week). The move higher has been able to extend above the 1.0961- 1.09678 area (where number of swing lows and highs have occurred since July 21) and also the 100 hour moving average (blue line in the chart below), which currently stands at 1.0971.  In the 1st hour of NY trading, there has been a look below the 100 hour moving average, but that was quickly reversed.  The buyers remain in control for the time being.

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Author: Greg Michalowski

Forex technical analysis: EURUSD trades at days highs as NY traders enter

Between 100 and 200 hour MAs The EURUSD moved to the highest level of the day as North American traders entered for the day, but has quickly backed off.. In the slow but steady climb into the NY open, the price  extended back above the 1.0961 – 1.09678 area where there has been a number of swing highs and lows going back to July 21 (see chart below).  . The price also moved back above the 100 hour moving average (currently at 1.0971 – see blue line in the chart below).  The price has since retreated back below this MA line to a low of 1.0966. The 1.0961-68 area - which houses a number of swing lows and highs - held that decline. The bulls are trying to keep the price supported.

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Author: Mike Paterson
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Global Dairy Trade auction today will have Kiwi traders on high alert again

Eamonn had a preview earlier so this is just a heads up as the gets underway shortly at the top of the hour here GDT auction Final price is expected around 14.00 GMT and we'll also get an update from , the world's largest exporter of dairy products,  on their milk price forecast.

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Author: Ryan Littlestone
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ASE chief says the stock market is normalising

A more sedate trading environment in Greek stocks from yesterday No signs of a bounce with stocks down 1.5% currently and CEO Lazaridis says the second day of trading after the shutdown shows the market is normalising. He adds that they probably won't extend volatility controls

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Author: Mike Paterson

Greek banks see deposit inflows since re-opening on July 20

Comments just out on Bloomberg to the relief of many I'm sure - net inflows of €1bln - Greece said to target bank re-capitalization by mid -December - Greek banks' stress tests to be completed by end-Oct  Greek central bank official who asked to remain anonymous with the comments, and a reminder that bailout talks are on-going while this summer lull continues

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Author: Mike Paterson

More from the order boards 4 August

Here's the latest on some other key pairs USDCHF currently 0.9680 after failing above 0.9700 again. Offers back in thereSellersBuyers   0.9700 0.9730 0.9750 0.9780 0.9800 EURCHF currently 1.0613 still supported around 1.0600Sellers  Buyers

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Author: Ryan Littlestone

No need for BOJ too ease policy further says Abe adviser Honda

Reuters grabbling the comments - BOJ is likely to taper QQE after determining impact of sales tax hike planned for Apr 2017 - No need to worry about yen's current weakness as long as moves are gradual That's around another two years of easing from the BOJ according to Honda's view 

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Author: Ryan Littlestone

June 2015 Eurozone PPI -0.1% vs 0.0% exp m/m

Eurozone producer price index data for June 2015  - Prior 0.0% - -2.2% vs -2.2% exp y/y. Prior -2.0% - EU 28 states -0.1% v s0.0% prior m/m - -2.7% vs -2.5% prior y/y Price still very flat overall with energy still the main driver. Year on year energy prices fell 7.0% vs -6.3% in May, in the Eurozone, and -9.8% vs -9.2% in the 28 states

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