Author: Mike Paterson
1

Eurozone CPI July provisional yy +0.2% as exp

EZ inflation estimates springing no surprises but core CPI better than expected - +0.2% prev - core cpi yy flash +1.0% vs +0.8% exp/prev EURUSD 1.0953 EURGBP still enjoying some month-end love at 0.7034

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Author: Mike Paterson

More from the order boards 31 July

Here's the latest on some other key pairs USDCHF currently 0.9638 on the back foot as EURCHF falls againSellersBuyers 0.9620    0.9680 0.9700 0.9730 0.9750 0.9780 0.9800 EURCHF currently 1.0543 in retreat.  More bids nearby. No sign of SNB. Probably too busy Sellers  Buyers

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Author: Mike Paterson

Tsipras says government never had a plan to take Greece out of the euro

Greek PM on the wires. Reuters reporting - Greece was obliged to prepare for a possible Grexit - had authorized fin min to assemble team to prepare for an emergency Nothing really of note here. It would be careless not to have made some sort of provision

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Author: Mike Paterson

BOJ leaves JGB buying plan unchanged for August

Here's the latest update on BOJ govt bond buying - BOJ to buy JPY 8-12 trln in Japanese debt each month Full statement from the BOJ here USDJPY 124.21 finding the offers/res at 124.30 a step too far again

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Author: Mike Paterson
1

Italian unemployment June 12.7% vs 12.3% exp

Italian jobs data out a short while ago - 12.5% prev - youth jobless rate rises to record 44.2%, highest since data series began in 1977 Not good news but euro unfazed with EURUSD finding demand below 1.0930

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Author: Mike Paterson

EURJPY orders 31 July

Currently 135.92 after the earlier rally failed above 136.00 Bids 

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Author: Mike Paterson
3

AUDUSD orders 31 July

Currently 0.7271 in retreat again but at 0.7250 very much in play today barrier option and expiries Offers   0.7300 0.7330 0.7350 0.7385 0.7400 0.7420-25 0.7450 Bids

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Author: Mike Paterson

USDJPY orders 31 July

Currently 124.23 underpinned but offers nearby still Offers 124.25-30 124.50 124.75 125.00 125.30 125.50 Bids 124.00 123.75-80 1 123.45-50 123.25-30 123.00

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Author: Mike Paterson

EURGBP orders 31 July

Currently 0.7023 after an early rally once again failed at 0.7030.. Bids back in at 0.7000.  Usual month-end buying expected. Offers  0.7030 0.7050 0.7080 0.7100 0.7125 0.7150-55 0.7180-85 0.7200 

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Author: Mike Paterson
2

EURUSD orders 31 July

Currently 1.0950. Be aware of large at 1.1000 option expiry Offers   1.1065  1.0975-80 1.1000 1.1020 1.1050 1.1080-85 1.1100 1.1120 1.1160 1.1185 1.1200 Bids 

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Author: Mike Paterson
5

GBPUSD orders 31 July

Currently 1.5585 feeling a bit of heat from the usual month-end EURGBP buying. Bids around 1.5580 again though Offers 1.5600 1.5620 1.5635 1.5650  1.5680 1.5700-10 Bids 

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Author: Mike Paterson

French PPI June mm -0.2% vs -0.5% prev

Producer Price Index data out just now but not a price mover File under "general inflation picture" - yy -1.9% vs -1.7% prev EURUSD 1.0956 after earlier dip.. Large option at casting its shadow

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Author: Mike Paterson
14

Trading Ideas- European session 31 July

It's Friday, month-end and we've got the Aussie cricketers on the run. What's not to like?! Oh and the sun is shining here in the UK and I'm off to the West Country for the week-end

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Author: Mike Paterson
1

BOJ says they still see weak yen as beneficial for economy

Comments just on the wires and helping USDJPY to 124.10 - BOJ happy with yen fall as long as pace is moderate - gov Kuroda didn't intend to set cap on USDJPY with his June comment that the real effective rate was "already very low" BOJ sources being quoted by Reuters

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Author: Mike Paterson
13

German retail sales June mm -2.3 % vs +0.3% exp

Latest German retail data now out and it's not good - +0.4% prev from +0.5% - yy +5.1% vs +4.0% exp vs -1.0% prev from -0.4% EURUSD dips to 1.0932

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Author: Mike Paterson
2

SNB reports H1 consolidated loss of CHF 50.1bln

Swiss National Bank report just out and reflecting the January fallout. Shareholders won't be overly surprised but still very disappointed as I warned at the time

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