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OrderFlowTrading: Foreign Exchange Sentiment & Orderflow Analysis

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  • OrderFlowTrading: Foreign Exchange Sentiment & Orderflow Analysis

    Planning the week ahead
    by JupaFX
    OrderFlowTrading.com


    In this weekly report, we will try to direct our attention to the currency pairs and assets that are most likely to offer trading opportunities during the coming week, based on a combination of sentiment, orderflow, and price action analysis.


    On the docket for this week
    Taking a glance at our calendar, we can notice the more important news events for the week. The main events this week are:

    Monday: Nothing significant – could be a day to spend away from screens!

    Tuesday: CNY Retail Sales + Industrial Prod., GER ZEW, EU ZEW, AUD Budget Release, US Retail Sales (bullish expectations), CAD BoC review, NZD retail sales

    Wednesday: GER Retail Sales, UK Unemployment (bullish expectations), EUR Industrial Prod. (bearish expectations), UK BoE Inflation Report, US PPI, NZD Business PMI, JPY GDP (bullish expectations)

    Thursday: European Council Meeting, GER GDP, EUR CPI + GDP (bearish expectations), US Empire State Manuf. + CPI + Jobless Claims + TIC Flows + Industrial Prod. + Philly Fed + Housing Market Index + Yellen's Speech

    Friday: EUR Trade Balance, US Housing Starts + Building Permits + UofM Sentiment (bearish expectations)


    Strong vs. Weak

    Looking at the CME FX futures market, we can see that:
    • DXY has a long bias, bouncing the 79.00 support and approaching 80.00
    • EUR has a short bias, bouncing recent highs at 1.40
    • CHF has a short bias, bouncing recent highs
    • AUD has a long bias


    So if we combine and filter the most evident FX pairs to analyze, we come up with:
    • EURUSD short bias
    • USDCHF long bias
    • EURAUD short bias


    To understand more about strong vs. weak, keep an eye on heat maps posted to the news feed here.


    Sentiment Analysis on Relevant Assets

    Going into the week, the main longer-term sentiment themes seem to be risks of a hard landing from lending and real estate excesses in China, the continuous tensions in Ukraine which threaten Europe’s energy imports from Russia, the massive fiscal imbalances in the Eurozone (despite what Italy's non-elected PM Renzi says), and Japan. The Loonie has been on the move recently, so looking at Canada, some speak of risks to the housing sector and construction sector. Beyond these background themes, we have quite an exciting week ahead of us (except for Monday) with important macro data.

    USD: sentiment is positive. Regardless of the pressure that Janet Yellen receives by Government officials during her speeches, Taper is still under way and the market has recently been supportive of the greenback. The move in the DXY this week is surely caused also by the Euro (due to it's weight in the basket) but the widespread move of the USD vs. Euro, CHF, GBP shows some USD bids doing the rounds. Will it continue? Retail Sales might provide an excuse.

    EUR: sentiment is negative. Will 1.40 be a significant top? Who cares. For now the market is speculating that Super Mario Draghi will be more accommodative in June, and this is almost an opposite stance to the FED's taper program. Also, the higher Euro was finally showing it's effects on the strongest economy of the Eurozone (Germany), showing a 1.8% drop in exports. Watch this week's CPI and GDP reports to confirm or lighten the negative sentiment in play.

    AUD: sentiment is positive. The Aussie was the most resilient currency last week despite the clear statement by the RBA regarding the impact of a high currency. This is probably due to the strong labor market conditions and the household sector.


    To Sum Up: Best Looking Charts & Comments

    clip_image002_2.png
    EURUSD 4H chart – a rebound could very well be in the cards, but momentum is to the downside.

    clip_image004_2.png
    USDCHF 4H chart – rebounding from .8700s

    clip_image006_2.png
    EURAUD Daily chart – stops sub-.4650 are coming into focus

    More order flow levels on the feed: http://www.orderflowtrading.com/ForexNews.aspx


    It’s a tough challenge to combine sentiment, price action, technical analysis, and fundamental analysis all together to turn these thoughts in to actionable order flow trade ideas. If you still find yourself struggling in that regard, our mindset lessons can help relieve that stress.

    As always, good luck out there!

  • #2
    Great thread. Thanks Ryan.

    Comment


    • #3
      I spot a level on Aud/Nzd where, if price went to up, it would cause shorts to close their losses with buy orders and may even grab some buyers from momentum break-out traders which would help boost me in to profit if I could go long upon that.

      Reasons I feel a breakout here would warrant further price movement higher:
      • There's been some good employment & business data out of Australian recently
      • Just last week the Governor of the RBNZ announced that if their NZD continued to appreciate (especially against their trade partners like Aud,Cny, & Jpy) that they're fine with using central bank intervention to actively sell the NZD on the market.
      • Aud/Nzd is still at historically low levels still.


      Looking to enter long at the beginning of buyers, on a break of 1.0875 with price target of 1.090+ :
      audnzd_may12.png

      Comment


      • #4
        AUDUSD – Large stops at 0.9345, under bids at 0.9350. Buy stops just above 0.9395 then offers at 0.9400

        audusd_may12.png

        Comment


        • #5
          European Open Report
          5/16/2014 2:15 AM - Ryan

          Asian Market Data Overview:
          The slowest Asian trading session in a while, no data or reason for prominent flows.

          Local FX rate changes during Asian session
          USD/JPY 101.55 flat
          AUD/USD .9350 flat
          NZD/USD .8645 flat
          AUD/JPY 94.95 -10 pips
          NZD/JPY 87.75 -10 pips
          AUD/NZD 1.0820 flat

          Equities
          Japan’s Nikkei 225 14,096 -1.41%
          Australia’s S&P/ASX 200 5,479 -0.58%
          New Zealand’s NZ50: 5,186 –0.17%
          HongKong’s Hang Seng 22,651 -0.35%

          Asian session FX flows:
          No notable FX flows. Asian equities opened lower, following the US markets.

          Upcoming Notable Orders
          EURAUD – Lrg cluster of sell stops at 1.4560/50
          EURGBP – Buy stops range from 0.8175-85
          EURJPY – Light bids remain at 139.0, more sell stops under 138.97
          EURUSD – Large option volume at 1.3750 strike, $1.8B worth, to expire Friday.
          GBPCHF – Sell stops mixed with bids at 1.490
          GBPJPY – Offers stand at 171.0
          USDJPY – Bidders remain under 101.50 to 101.30
          More FX order info on Order Flow News Feed


          KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):

          0500 – EUR – Eurozone’s Trade Balance for March. Forecast: 17.3B Prev: 15.0B
          Last edited by Ryan420; 05-16-2014, 06:46 AM.

          Comment


          • #6
            European Open Report
            5/19/2014 1:52 AM - Ryan

            Asian Market Data Overview:
            No major market data out today. A slow start to the trading week.
            Local FX rate changes during Asian session
            USD/JPY 101.40 -10 pips
            AUD/USD .9347 -20 pips
            NZD/USD .8635 flat
            AUD/JPY 94.81 -30 pips
            NZD/JPY 87.65 flat
            AUD/NZD 1.0820 -30 pips

            Equities
            Japan’s Nikkei 225 14,022 -0.50%
            Australia’s S&P/ASX 200 5,410 -1.25%
            New Zealand’s NZ50: 5,167 –0.35%

            Asian session FX flows:
            No data or changes to affect the markets from over the weekend. Saw ‘risk-off’ flows persist throughout the session.
            The NZD held up well though.

            Upcoming Notable Orders
            AUDUSD – Light bids at 0.9325, sell stops on break below 0.9320, bids at 0.9300. Offers remain at 0.9400 with buy stops developing at & above 0.9410
            EURAUD – Large cluster of sell stops at 1.4560/50
            EURGBP – Buy stops range from 0.8175-85. More stops under bids at 0.8140
            EURJPY – More sell stops under a break of 138.80
            EURUSD - Stops above 1.3730 with offers 1.3740/50. This week’s Option Calendar
            USDJPY – Well-supported today by importer and option-related bids. Large option level at 101.55 ($377M) to draw in price; Larger level of Puts($550M) set for today’s expiration at 101.35.
            More FX order info on Order Flow News Feed

            KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):

            No key events ahead

            Comment


            • #7
              European Open Report
              5/21/2014 1:20 AM - Ryan

              Asian Market Data Overview:
              • Asian-trading kicked off with a ‘risk-off’ theme as the Yen continued its rally while the Nikkei & ASX were sold yet again.
              • Japanese trade balance for April came in at –800B vs forecast of –600B. Worse than expected but a good release compared to the past year’s worth of data.
              • Shortly after; Westpac Bank released its Australian Consumer Sentiment change for May, in at -6.8% vs the March-April rise of +0.3%
              • The Bank of Japan released its updated monetary policy which came Unchanged, as widely expected. Full MP pdf from the BoJ: http://www.boj.or.jp/en/announcement...4/k140521a.pdf BoJ press conference to begin at 3pm JST (0200 US Est)

              Local FX rate changes during Asian session
              • USD/JPY 101.15 -15 pips
              • AUD/USD .9230 -10 pips
              • NZD/USD .8555 -20 pips
              • AUD/JPY 93.40 -15 pips
              • NZD/JPY 86.55 -30 pips
              • AUD/NZD 1.0790 +10 pips

              Equities
              • Japan’s Nikkei 225 14,042 -0.23%
              • Australia’s S&P/ASX 200 5,417 -0.05%
              • New Zealand’s NZ50: 5,108 –0.51%
              • HongKong’s Hang Seng 22,813 -0.09%

              Asian session FX flows:
              • Risk-off. As mediocre Japan trade data supports the yen along with an Unchanged monetary policy from the BoJ. No talk or signs of additional easing from the CB.

              Upcoming Notable Orders
              • AUDUSD – Level of bids at 0.9200, more stops set below.
              • USDCAD – Offers at 1.0910/15, buy stops at 1.0920. Real-money offers at 1.0930, buy stops above as well.
              • AUDUSD – Options Calendar: Week of May 19-23…
              • EURUSD – Options Calendar: Week of May 19-23…
              • GBPUSD – Options Calendar: Week of May 19-23…
              • USDJPY – Options Calendar: Week of May 19-23…
              • More FX order info on Order Flow News Feed

              KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
              • 0200 – JPY – Bank of Japan Press Conference on MPS.
              • 0430 – GBP – UK Retail Sales m/m change (April). Fcst: +0.4%, prev: +0.1%
              BoE MPC Bank Rate & Asset Purchases vote: fcst: Unanimous for ‘unchanged’ (0-9)
              Last edited by Ryan420; 05-21-2014, 05:31 AM.

              Comment


              • #8
                European Open Report
                5/26/2014 1:20 AM - Ryan

                Asian Market Data Overview:
                • New Zealand’s Trade Balance for April in at +534M vs forecasts around +640M. March’s figure revised up from +920M to +932M.
                • The Bank of Japan released the minutes from their last Monetary Policy Meeting (MPM). Full pdf: http://www.boj.or.jp/en/mopo/mpmsche...14/g140430.pdf


                Local FX rate changes during Asian session
                • USD/JPY 101.94 flat
                • AUD/USD .9235 +5 pips
                • NZD/USD .8535 -15 pips
                • AUD/JPY 94.14 flat
                • NZD/JPY 86.95 flat
                • AUD/NZD 1.0824 +20 pips

                Equities
                • Japan’s Nikkei 225 14,552 +0.63%
                • Australia’s S&P/ASX 200 5,505 +0.24%
                • New Zealand’s NZ50: 5,153 +0.05%
                • HongKong’s Hang Seng 22,954 -0.05%


                Asian session FX flows:
                Mixed flows on lower volume in the market as the UK & US are closed for holiday today.

                Upcoming Notable Orders
                • AUDUSD – Large order interest around 0.9200’s barrier (bids & sell stops). Buy stops tipped above 0.9250
                • EURGBP – Stops & bids centered at 0.8080 lvl. Bids in protection of 0.8050 & 0.800 barriers with sell stops below them.
                • EURUSD – Bids remain at 1.3615 down to 1.3600 in protection of 1.36 barrier.
                • NZDUSD – Bids start at 0.8625; larger down to 0.8605, mixed with stops poised under April’s 0.8510 & 0.8515 lows.
                • USDJPY – Options set for expiration today at 102.0($200M) & 102.30($612M) to pull in and add selling on breaks above.
                • More FX order info on Order Flow News Feed


                KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
                • UK markets closed in observance of Spring Bank Holiday
                • 0400 – ECB President, Draghi, due to speak at the European Central Bank Forum on Central Banking, in Portugal.
                • US markets closed in observance of Memorial Day
                Last edited by Ryan420; 05-26-2014, 05:41 AM.

                Comment


                • #9
                  ORDERFLOW GAME PLAN 26.5.14
                  Planning the week ahead
                  by JupaFX


                  In this weekly report, we will try to direct our attention to the currency pairs and assets that are most likely to offer trading opportunities during the coming week, based on a combination of sentiment, orderflow and price action analysis.


                  1. On the docket for this week

                  Taking a glance at our calendar http://www.orderflowtrading.com/Fore...tCalendar.aspx we can notice the more important news events for the week. For the coming week starting May 26th 2014, the main events are:

                  Monday: Nothing significant – Memorial Day in the US and Spring Holiday in UK. Long weekend for traders.
                  Tuesday: US Durable Goods + Markit PMI + Cons. Conf., GER Retail Sales
                  Wednesday: GER Unemployment (bullish expectations), EUR Confidence Reports
                  Thursday: CAD Current Account, US Gdp + Jobless Claims + Pending Home Sales
                  Friday: CAD Gdp + Ind. Prod., US Personal Income/Spending + Chicago PMI + UoM


                  2. Strong vs. Weak

                  Looking at the CME FX futures market, we can see that:

                  - DXY has a long bias
                  - EUR has a short bias
                  - CHF has a short bias
                  - CAD has a long bias

                  So if we combine and filter the most evident FX pairs to analyze, we come up with:

                  1) EurUsd short bias
                  2) UsdChf long bias
                  3) EurCad short bias

                  To understand more about strong vs. weak, come over to Orderflowtrading.com and check out our HeatMaps.


                  3. Sentiment Analysis on relevant assets


                  Going into the week there should be no doubt that traders will not be working on Monday. So we should also do something more productive with our time. We should also try to understand whether the outcome of the EU elections will be influential at all. There's not even much data this week so do not expect it to offer many opportunities. On another note, the quote of the past week came from Ben Bernanke who, in a private meeting, said “I don't expect to see interest rates above 4% for the rest of my life”...how long does he expect to live?

                  USD: Sentiment is positive. Positivity last week came not from yields but from housing. This holiday-shortened week, instead, kicks off with durable goods orders, which should continue to point towards a rebound in business capital spending. Sustained strong job growth will need to be seen before consumer confidence can get a breath of fresh air. Q1 GDP could be revised down to show a modest negative on trade and construction. Personal spending may have failed to rise in April, but look for potential upward revisions to March based on stronger retail activity than originally reported. Bottom line is that none of these data prints are interesting from a monetary policy perspective so the impact on the Greenback should be limited.

                  EUR: sentiment is negative. The market has probably fully priced in a rate cut by now. Also, economic data out of the EU has been soft (even if still in “recovery territory”). We should take note of the election results from this weekend: the European Parliament Election, the Greek Local Elections and the Ukraine Presidential Election. The sentiment surrounding these political outcomes are quite simple to understand: more euro-skeptics in the EU parliament would mean more difficult policy decisions and more uncertainty (which would be Euro-negative). In Ukraine, the same situation will present itself: building tensions between will weigh on the Euro (and potentially keep a bid beneath Crude?) whereas less tension will be Euro-neutral.

                  CAD: sentiment is positive. The Loonie has surprised everyone once again doing what it does best: dancing to it's own rhythm. It shrugged off some negative data prints and has edged up on the back of CPI hitting 2% - the BoC's target. Just like our own Tyler was saying in his chat event on Friday “the most important sentiment driver for FX is Central Bank policy”...and the performance of the Loonie is confirming this view once again. Going into the week, Friday’s Q1 GDP report will get the lion’s share of attention, in an otherwise light calendar.

                  For updates on sentiment as it progresses throughout the week, stay active in our live trader chat .


                  As always, good luck out there!

                  Comment


                  • #10
                    European Open Report
                    5/27/2014 1:42 AM - Ryan


                    Asian Market Data Overview:
                    • A slow Asian trading session as it’s followed the UK & US’ holidays today.
                    • Asian equities were generally positive; Yen started off weakening against crosses to regain some back as the Nikkei went from +0.87% to finish +0.62%


                    Local FX rate changes during Asian session
                    • USD/JPY 101.95 flat
                    • AUD/USD .9260 +20 pips
                    • NZD/USD .8560 +10 pips
                    • AUD/JPY 94.40 +20 pips
                    • NZD/JPY 87.25 +5 pips
                    • AUD/NZD 1.0820 +15 pips


                    Equities
                    • Japan’s Nikkei 225 14,691 +0.62%
                    • Australia’s S&P/ASX 200 5,515 +0.04%
                    • New Zealand’s NZ50: 5,145 -0.15%
                    • HongKong’s Hang Seng 22,913 -0.24%



                    Asian session FX flows:
                    • Tokyo flows started with short-covering in Eur/Jpy then saw continued flows in to Gbp/Jpy, Aud/Jpy, & Nzd/Jpy.
                    • Usd/Jpy offers above 102.0 remain from Japanese exporter accts.


                    Upcoming Notable Orders
                    • AUDJPY – Order interest (offers & stops) forming at 94.5
                    • AUDUSD – Large option strikes 0.9240-0.9265; totaling $1.3B volume; set for expiration today attempting to contain price. Leveraged sellers await price at 0.9270
                    • EURGBP – Large option at 0.8120 set for expiration Tuesday. Sellers rdy to sell a break above, before 1400GMT.
                    • GBPJPY – Approaching intraday offers ahead of 172.0
                    • GBPUSD – Small bids 1.6825/30 ahead of bids at 1.680; large stops under. Order interest building at 1.6850. Offers at 1.6880/85.
                    • USDCAD – Intraday offers forming at 1.0850. Bids stacked ahead in protection of 1.0800 barrier.
                    • USDJPY – Large volume of 102.0 options set for expiration in Tokyo & NY cuts to keep price close in a data-less session. Buy stops tipped at 102.10-15
                    • More FX order info on Order Flow News Feed



                    KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
                    • No key events ahead
                    Last edited by Ryan420; 05-27-2014, 06:11 AM.

                    Comment


                    • #11
                      European Open Report
                      5/28/2014 2:05 AM - Ryan


                      Asian Market Data Overview:
                      • Japan's 5-Year Yield Touches 0.175%, Lowest Seen Since March 4
                      • Usd/Cny hits a 1-month high to 6.2636 after a slightly higher fix at 6.1694 (+2% band=6.2928)
                      • ANZ’s New Zealand Business Confidence for May in at 53.5 vs. April’s 64.8
                      • Australian Construction Work Done q/q change (Q1) in at +0.3% vs. forecast of -0.3%. Prev. (Q4) +1.0%


                      Local FX rate changes during Asian session
                      • USD/JPY 101.95 -10 pips
                      • AUD/USD .9265 +15 pips
                      • NZD/USD .8560 -20 pips
                      • AUD/JPY 94.45 flat
                      • NZD/JPY 87.06 -30 pips
                      • AUD/NZD 1.0850 +35 pips


                      Equities
                      • Japan’s Nikkei 225 14,670 +0.24%
                      • Australia’s S&P/ASX 200 5,529 +0.33%
                      • New Zealand’s NZ50: 5,145 +0.69%
                      • HongKong’s Hang Seng 23,160 +0.94%



                      Asian session FX flows:
                      • End-of-the-month flows from Chinese energy importer accounts, buying up the dollar and selling their Yuan for oil helped the Usd/Cny near 52wk highs; adding to ‘risk-off’ flows.
                      • Strong flows out of the NZD as a downtrend has been confirming in their Business Confidence: http://www.forexfactory.com/calendar.php#graph=51084



                      Upcoming Notable Orders
                      • EURGBP – Options today at 0.8095(10M) 0.8100(557M) & 0.8105(100M); to have a magnet affect on further price rises.
                      • EURUSD – Up off of bids at 1.3610/15. More down to 1.360 w/ stops under the 1.36 barrier
                      • NZDJPY – Bids at 87.0
                      • NZDUSD – At 0.8560; Offers & 200HMA set at 0.8580. Light stops above 0.8590 w/ larger offers at 0.8600.Bids start at 0.8525; larger down to 0.8505, mixed with stops poised under April’s 0.8510 & 0.8515 lows.
                      • USDCAD – Buy stops remain at 1.0875-80. Bids stacked ahead in protection of 1.0800 barrier.
                      • USDJPY – Large 101.9 & 102.0 option strikes to keep price contained.
                      • More FX order info (Options Calendars) on Order Flow News Feed



                      KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):

                      No key events ahead

                      Comment


                      • #12
                        European Open Report
                        5/29/2014 1:50 AM - Ryan

                        Asian Market Data Overview:
                        • Australia released it’s Q1 change in Private Capital Expenditures q/q at –4.2% vs fcst of –1.6%. Prev q/q revised up to –4.5% from –5.2%.
                        • Japanese retail sales y/y (April) in at –4.4% vs forecasts of –3.2%
                        • PBoC sets UsdCny’s reference rate at 6.1705 amidst yesterday & today’s strong Cny—>Usd flows.


                        Asian FX rate changes during Asian trading session
                        • USD/JPY 101.65 -15 pips
                        • AUD/USD .9285 +50 pips
                        • NZD/USD .8485 -10 pips
                        • AUD/JPY 94.40 +35 pips
                        • NZD/JPY 86.30 -20 pips
                        • AUD/NZD 1.0937 +70 pips


                        Asian Equities
                        • Japan’s Nikkei 225 14,674 +0.02%
                        • Australia’s S&P/ASX 200 5,517 -0.18%
                        • New Zealand’s NZ50: 5,183 +0.03%
                        • HongKong’s Hang Seng 23,164 +0.37%


                        European Futures
                        • Stoxx 50: 3,246 +0.06%
                        • FTSE 100: 6,851 +0.09%
                        • CAC 40: 4,531 +0.04%
                        • DAX: 9,939 -0.02%
                        • IBEX 35: 10,757 +0.40%


                        Asian session FX flows:
                        • End-of-the-month flows from Chinese energy importer accounts, buying up the dollar and selling their Yuan for oil helped the Usd/Cny near 52wk highs.
                        • Strong selling seen from the Nzd still. Flows in to the Aussie dollar as CapEx forecasts put a bullish theme on the currency. Aussie shorts covering as well as bulls returning.


                        Upcoming Notable Orders
                        • GBPUSD – With 1.670 gone; Traders taking advantage of a low Gbp & developing long positions with their stops just under 1.6695
                        • USDCAD – Bids at 1.0835/45; Offers above range set at 1.0885/95. Option @ 1.090($100M) today (Wed) 1.0870-75(276M) options for Thursday.
                        • USDJPY – Over $1.2B worth of options set to expire at 101.60/70 today.
                        • More FX order info on Order Flow News Feed


                        KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
                        • No key events ahead
                        • Swiss, French, & German Banks closed for holiday today.[/I]

                        Comment


                        • #13
                          European Open Report
                          5/30/2014 1:16 AM - Ryan


                          Asian Market Data Overview:
                          • Japan’s Tokyo Core CPI (May) y/y in at 2.8% vs fcst of +2.9%. April’s household spending y/y in at –4.6% vs fcst of –3.4%. Industrial Production (April) in at –2.5% m/m vs fcst of –2.0%. May forecast to be around –2.0% as well.
                          • IMF's Schiff: Japan is just halfway to inflation goal, and appropriate for BoJ to be vague now on exit. More on the IMF’s comments on Japan: "BOJ should clarify asset buying plan beyond 2014 -IMF"
                          • Yen Rises on BOJ Outlook; Asian Stocks Pare Monthly Gain


                          Asian FX rate changes during Asian trading session
                          • USD/JPY 101.60 -15 pips
                          • AUD/USD .9330 +20 pips
                          • NZD/USD .8505 +15 pips
                          • AUD/JPY 94.70 flat
                          • NZD/JPY 86.40 flat
                          • AUD/NZD 1.0960 flat


                          Asian Equities
                          • Japan’s Nikkei 225 14,648 -0.23%
                          • Australia’s S&P/ASX 200 5,505 -0.25%
                          • New Zealand’s NZ50: 5,178 -0.09%
                          • HongKong’s Hang Seng 23,062 +0.24%


                          European Futures Pre-Open
                          • Stoxx 50: 3,244 -0.05%
                          • FTSE 100: 6,871 +0.29%
                          • CAC 40: 4,530 -0.02%
                          • DAX: 9,938 flat 0.00%
                          • IBEX 35: 10,734 -0.21%



                          Asian session FX flows:
                          • Yen starting selling off as CPI data hit the wires. Shortly after the data was digested, the market took a bullish stance on JGBs & the Yen; selling of the Nikkei



                          Upcoming Notable Orders
                          • AUDUSD – Trades up in to noted offers starting at 0.9325. Buy stops set above 0.9330/5
                          • EURAUD – New lows of 1.4590; As price falls, stops accumulate under 1.4560. Bids at 1.4550 to attempt support.
                          • EURCHF – Running in to 200HMA offers at 1.2217
                          • GBPJPY – Buy stops start at 170.20 through 170.30
                          • USDJPY – Bids from importer investment accts set to arrive at 101.50. Light sell stops sub-101.40
                          • More FX order info on Order Flow News Feed



                          KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):

                          No key events ahead

                          Comment


                          • #14
                            European Open Report
                            6/2/2014 2:10 AM - Ryan

                            Asian Market Data Overview:
                            • Over the weekend; Chinese May Manufacturing PMI came in at 50.8 vs forecast of 50.7; previous 50.4.
                            • Today; Australia’s Building Approvals m/m change for April was in at –5.6% vs +2.1% forecast, –3.5% prev.
                            • New Zealand & Chinese markets were closed due to bank holidays Monday.


                            Asian FX rate changes during Asian trading session
                            • USD/JPY 101.98 +15 pips
                            • AUD/USD .9260 -50 pips
                            • NZD/USD .8475 -20 pips
                            • AUD/JPY 94.40 -40 pips
                            • NZD/JPY 86.38 -10 pips
                            • AUD/NZD 1.0930 -30 pips


                            Asian Equities
                            • Japan’s Nikkei 225 14,935 +2.07%
                            • Australia’s S&P/ASX 200 5,518 +0.47%
                            • New Zealand’s NZ50: 5,183 CLOSED
                            • HongKong’s Hang Seng 23,164 CLOSED


                            European Futures
                            • Stoxx 50: 3,244 0.00%
                            • FTSE 100: 6,844 -0.39%
                            • CAC 40: 4,519 -0.24%
                            • DAX: 9,943 +0.04%
                            • IBEX 35: 10,798 +0.60%


                            Asian session FX flows:
                            • Strong selling of the Australian dollar on poor building data in April.
                            • M&A activity between US & Japan kept the Yen’s crosses well bid along with Asian equity markets.


                            Upcoming Notable Orders
                            • AUDUSD – Offers steady at 0.9325/30
                            • EURGBP – Offers set at 0.8150. Buy stops mixed with light offers at 0.8155 & above.
                            • USDCAD – Sell stops sub-1.0810; bids layered ahead of 1.0800 barrier; more stops under.
                            • More FX order info on Order Flow News Feed




                            KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
                            • German Prelim CPI m/m (May)– Tentative - Forecast: +0.1%
                            • UK Manufacturing PMI (May) – 0430 – Forecast: 57.1, 57.3 prev.
                            Last edited by Ryan420; 06-02-2014, 06:26 AM.

                            Comment


                            • #15
                              European Open Report
                              6/3/2014 1:40 AM - Ryan

                              Asian Market Data Overview:
                              • New Zealand Overseas Trade Index Q1’s q/q change in at +1.8% vs forecast of +1.9%; prev +2.3%
                              • Japan’s Nikkei 225 Index opens above 15,000 (+0.90%). Highest lvl in 2 months.
                              • Chinese Non-Manufacturing PMI (May) at 55.5 vs. prev(April) 54.8
                              • Australian Retail Sales m/m change (April) in at +0.2% vs fcst +0.3%.
                              • Australian Q1 Current Account at –5.1B vs –7.1B fcst
                              • Chinese HSBC Final Manufacturing PMI (May) at 49.4 vs fcst of 49.7; prev: 49.7
                              • RBA leaves rates unchanged at 2.50%. Reiterates period of stability in rates.


                              Asian FX rate changes during Asian trading session
                              • USD/JPY 102.35 -5 pips
                              • AUD/USD .9268 +25 pips
                              • NZD/USD .8465 +15 pips
                              • AUD/JPY 94.87 +25 pips
                              • NZD/JPY 86.65 +20 pips
                              • AUD/NZD 1.0950 +15 pips


                              Asian Equities
                              • Japan’s Nikkei 225 15,070 +0.89%
                              • Australia’s S&P/ASX 200 5,485 -0.61%
                              • New Zealand’s NZ50: 5,164 -0.27%
                              • HongKong’s Hang Seng 23,214 +0.57%


                              European Futures
                              • Stoxx 50: 3,247 +0.10%
                              • FTSE 100: 6,864 +0.29%
                              • CAC 40: 4,515 -0.08%
                              • DAX: 9,950 +0.07%
                              • IBEX 35: 10,827 +0.27%


                              Asian session FX flows:
                              • Japan equities opened higher on news of the country's pension fund, GPIF, is ready to increase allocation to domestic equities to increase yield. The head of Asset Allocation committee appointed by PM Abe himself. This news kept Yen crosses well-bid but no rallies.


                              Upcoming Notable Orders
                              • AUDUSD – Lrg 0.920 Puts to expire at US-session’s cut today. $1.50B+ worth of latent bids resting under 0.920; Plus stops under option barrier at 0.9200.
                              • USDCHF – Offers remain 0.8995-0.900. Buy stops on break above.
                              • More FX order info on Order Flow News Feed



                              KEY EVENTS AHEAD times in Eastern US (GMT –4 hours):
                              • 0430 – UK Construction PMI(May) - Forecast: 61.2 (60.8 prev)
                              • 0500 – EuroZone Flash Estimate y/y (May) Forecast: +0.7% (+0.7% prev)

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