USDJPY 109.255 | EURUSD 1.21897 | AUDUSD 0.77559 | NZDUSD 0.72343 | USDCAD 1.2082| USDCHF 0.89752 | GBPUSD 1.41767 |
LMAX Highs and Lows 0500 GMT
Highs | Lows
EURUSD 1.21941 | 1.21776
USDJPY 109.442 | 109.20
GBPUSD 1.41889 | 1.41558
USDCHF 0.89806 | 0.89739
AUDUSD 0.77636 | 0.77426
NZDUSD 0.72325 | 0.72149
USDCAD 1.20903 | 1.2078
EURCHF 1.09436 | 1.0935
EURGBP 0.86029 | 0.85906
EURJPY 133.352 | 133.106
- GBP: Early high into the Tokyo fix for a test to the 1.4185 area before slowly drifting through the session through to the 1.4155 for the move into the grey hour in light trading, Topside offers light through the 1.4250 area with some congestion increasing on any move to the 1.4300 and stronger offers in the area, a break above the 1.4310 area will likely see weak stops and breakout stops coinciding and the topside open to a quick squeeze through the 1.4350 level and an attempt on the possibly weak 1.4400 area and stronger stops again through the level. Downside bids likely to increase on a move through to the 1.4100 with a couple of weeks of congestion building up in the area with weak stops on a break through the 1.4090-80 area and opening to the 1.4000 level with very little support other than limited sentimental bids, however, the move through will then start to see stronger bids into the 1.3950-1.3900 area limiting any further loses.
- JPY: Opening quietly and light cross selling saw the USDJPY testing through the 109.20 level again before moving steadily through to the 109.45 area and then holding quietly through to the grey hour trading in a tight range around the 109.40 level. Downside light through the 109.20-00 with increasing bids into the 108.50 this opens the market to a new test of the 108.00 level, stronger bids into the 107.80 however, a break through the level is likely to see weak stops and breakout stops appearing and the market free to quickly test 107.50 and an old trendline then nothing until closer to the 107.00 area where stronger bids start to appear but the downside opening to Feb levels, topside offers through to the 110.00 level with light congestion through the figure level and weak stops possibly limited and stronger offers likely increasing on a move higher towards the 111.00.
- AUD: A slow drift with cross selling once the Tokyo fix was over and the oz dipping from the 0.7765 area back through the 0.7755 opening levels and testing through to 0.7745 area for the move into the grey hour, topside offers into the 0.7800 area with weak stops through the 0.7820 before opening for a new run higher and strong offers likely through the 0.7840-60 area to build for the 79-cent level. Downside bids into the 0.7700 level with weak stops on a move through the 0.7680 area however, stronger bids then start to show through into the 0.7650 and ultimately the 0.7600 area and likely to continue in that fashion through to the 0.7550 area.
- EUR: Same story for the Euro with light cross/JPY selling dominating the market and the Euro falling away from the 1.2190 highs through to test below the 1.2180 before holding for the move into the grey hour in light trading, Topside offers congested through to the 1.2220 area before weak stops appear and the market opens for a renewed push to the 1.2300 level with weak stops limited through the 1.2320 area and long term trend line around the 1.2345 area likely to see strong offers before weak stops opening the topside to further gains through the 1.2400 level. Downside bids into the 1.2140-60 level likely to be light and then increasing through the 1.2120 level to 1.2080 before weak stops appear and open up a deeper move through to the 1.2000 level with very little congestion until that point.
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GBP BRC Retail Sales Monitor YoY (MAY) A 18.5% | P 39.6%
JPY Adjusted Current Account A 1.55t | P 1.70t
JPY Current Account n.s.a. (APR) A 1.322t | C 1.50t | P 2.65t
JPY GDP YoY (Q1) A -3.9% | C -4.8% | P 11.7%
JPY GDP QoQ (Q1) A -1.0% | C -1.2% | P 2.8%
AUD NAB Business Confidence (MAY) A 20 | P 26 | R 17
0700 EUR German Industrial Production MoM (APR) A | C 0.5% | P 2.5%
1000 EUR German ZEW Current Conditions (JUN) A | C -27.8 | P -40.1
1000 EUR German ZEW Economic Sentiment (JUN) A | C 86.0 | P 84.4
1000 EUR GDP QoQ (Q1) A | C -0.6% | P -0.6%
1000 EUR GDP YoY (Q1) A | C 1.8% | P -1.8%
1000 EUR ZEW Economic Sentiment (JUN) A | P 84.0
1330 USD Exports A | P 200.03b
1330 USD Imports A | P 274.48b
1330 USD Trade Balance (APR) A | C -69.0b | P -74.4b
1330 CAD Trade Balance (APR) A | C -0.70b | P -1.14b
1400 GBP BoE MPC Member Haldane Speaks
1500 USD Jolts Job Openings (APR) A | C 8.30m | P 8.123m
2130 USD API Weekly Crude Oil Stock A | P -5.360m
- GBP: Opening around the Friday close 1.4160 area to lightly push into the 1.4170 level for the Tokyo session before sliding off through into mid-Tokyo to hold the 1.4140 area for the grey hour, early selling into the London session saw the market lifting of the 1.4110 low of the day to steadily move through to the 1.4150 level and then pushing smartly through to the opening level for the move into the NYK session and a steady rise through to the 1.4185 level, a minimum sell off saw the market extend the high for the day to just above the 1.4190 area before sliding to a close just off the highs.
- JPY: A very limited range throughout the day with the market pushing into the Tokyo session to make the high just short of the 109.65 level before holding above the 109.50 area through until late in the session before selling appeared just before Tokyo lunch to test the 109.40 area for the move into the grey hour, some light buying through the grey hour and into the London opening saw the market pushing again towards the 109.60 area before London entered as light sellers through to the NYK session to push the market to the 109.25 and following through to the 109.20 level for the low of the day and then a long run to the close holding in a tight range around the 109.25 level.
- AUD: Quiet throughout the Asian session saw the market opening unchanged around the 0.7740 level and making the early high towards the 0.7750 area before dipping away through to the 0.7730 area to hold quietly into the London session with the opening seeing the low of the day just above the 0.7725 area and a slow recovery through into the NYK session testing the 0.7765 level for the high and a slow run to the close ranging quietly to finish in the 0.7755 level.
- EUR: Asian trading saw the market opening a little lower than Friday and holding the 1.2160 area for the move into the Tokyo session where light buying pushed through the 1.2170 level for the high of the session in Asia, the move through midsession saw a test of the opening levels again and after ranging through into the Tokyo Lunch period dipped through into pre-London making the low around the 1.2145 level with London opening buying saw the market holding around the 1.2160 area through to the NYK session in quiet trading, NYK were slow buyers through to test just above the 1.2200 level before being forced to just below and then struggling through to the close holding just above the 1.2190 level.
NZD Holiday Queens Birthday
CNY Trade Balance (USD) (MAY) A 45.53b | C 50.50b | P 42.86b
CNY Exports YoY (MAY) A 27.9 | C 32.1% | P 32.3%
CNY Imports YoY (MAY) A 51.1% | C 51.5% | P 43.1%
CHF Unemployment Rate n.s.a. (MAY) A 3.1% | P 3.3%
CHF Unemployment Rate s.a. (MAY) A 3.0% | P 3.1% | R 3.2%
EUR German Factory Orders MoM (APR) A -0.2% | C 1.0% | P 3.0% | R 3.9%
CHF CPI MoM (MAY) A 0.3% | C 0.3% | P 0.2%
GBP Halifax House Price Index YoY A 9.5% | P 8.2%
GBP Halifax House Price Index MoM (MAY) A 1.3% | C 1.2% | P 1.4% | R 1.5%
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