Clustered down at 1.5700/20  i’m told by a UK clearer. A break down of 1.5700  will likely trip some sell stops and target last week’s lows of 1.5655. There’s also the 100 day MA at 1.5664 on the way down which is likely to show some tech support . We touched  a day’s low of 1.5731  [...]

From -21.1 in January, better than median forecast of -16.5. We sit at 1.3040 from session low 1.3030 (EBS)  1.3028 (Reuters) As aforementioned sell stops next through 1.3020.  

LONDON (MNI) – UK car registrations were near flat on the year in January, with the Society of Motor Manufacturers and Traders predicting 2012 registrations would be down 1.1% on 2011. The SMMT said it expected the new car market to recover in 2013, but this year would see a modest decline in registrations. The [...]

Just pushed through  the recent Feb 1 highs of 0.9250, to 0.9260 and a sustained push here can target 0.9339 seen on Jan 25. Unfortunately EUR/CHF is till under the cosh at the moment with  some reasonable resistance seen up around 1.2085 which  is  keeping the USD suppressed for the moment. (NB.  SNB Chairman Jordan is [...]

Been told there are some stops positioned on a break of 1.0690 but  so far   these haven’t been triggered yet with a low just now of 1.0689. Below here is some technical support at 1.0672 which was last Friday’s low after the NFP. Ther’se offers sitting up at 1.0735/45 and 1.0770, with large offers sitting in [...]

We’ve been as low as 1.3052 so far, presently at 1.3060. Reports have sell stops through 1.3050. Buy orders then clustered 1.3020/30 before more  sell stops through 1.3020 and 1.3000.

Portugal/Germany 10 year bond yield spread out to 1166 bps from the 1149 bps I jotted down first thing. Italy/Germany 10 year bond yield spread out to 387 bps from 377 bps first thing Spain/Germany 10 year bond yield spread out to 313 bps from 305 bps first thing Guess ECB going to be busy this [...]

LONDON (MNI) – UK house prices rose 0.6% on the month in January, retracing most of December’s revised 1.0% fall, the Halifax house price data showed. House prices in January were down 1.8% on the year. While monthly price movements have been volatile, Halifax’s housing economist says the underlying picture is one of price stability, [...]

We’re back up at 1.3095 from session low 1.3053. US investment house (not the one that does God’s work) apparently very notable buyer in this recovery. Getting reports sell orders clustered up at 1.3110/20.

According to Bloomberg, Bild Zeitung reports Troika’s latest report on Greek finances refers to “catastrophic conditions”, adding that country has fallen short of savings targets. Paper didn’t say where information came from.

Love him or loathe him, latest from AEP at The Telegraph.

Financial bookies see FTSE, DAX and CAC 40 opening -0.2% to -0.5% lower.

Got any ideas you’d like to share with your fellow readers, then here’s where to stick ‘em.

Australian retail sales disappoint in December, -0.1% MoM against expectations of +0.2%, increasing liklihood of RBA rate cut tomorrow Job ads on other hand show biggest rise in 2 years, up by 6%, which might convince RBA to stay on hold One Australian newspaper thinks RBA may leave rates on hold tomorrow on back of [...]

Lots of people asking for information on the order board but unfortunately today has been very quiet on that front. Firstly it’s Monday, and orders usually get cancelled over weekend and reinstated on a Monday, so it takes some time for the information to filter around the market. Secondly it was Superbowl Sunday in the [...]

Remember that these figures are always a week old when they are released but they nonetheless give a fair oversight into how the market is positioned and if/how these positions are being unwound. EUR shorts were marginally reduced but the market remains overwhelmingly short and this is still the biggest open risk in the marketplace. [...]

Regional stocks have given back some of their early session gains but are still in positive territory by around 0.8% on average. Gold has rebounded in Asia to $1736/oz and Oil is trading near $97.25/bbl.

The US dollar has had a productive session across the board, up by around 0.5% against most of the majors though somewhat less so against the CHF and JPY. On-going Greek debt issues and escalating unrest in the Middle East is affecting risk sentiment.

Interbank players are keeping stops below 1.0710, which suggests to me that there are bids just above that level. We’re getting close again so time will tell.

EUR/USD is back below 1.3100 with EUR/JPY selling the main factor in the last few hours. Ongoing uncertainty surrounding the Greek’s government’s internal negotiations as well as talks with the Troika, is undermining the EUR.