The Traderszone Network

Latest housing sector data now out
– +5.8% prev
– annualised housing starts 1.033mln vs 913k exp vs 912k prev
– Construction Orders  yy +15.4% vs -7.4% prev
Data that invariably produces wide swings and not a price mover per se

USDJPY 123.50 (USD 678m) 124.00 (485m) 125.00 (1.6bln)
– EURUSD
– GBPUSD none
– AUDUSD
– USDCAD 1.2900 (USD 310m) 1.3000 (405m)
– NZDUSD 0.6650( NZD 389m)
Note that there is a barrier option on AUDUSD defending 0.7250 expiring today that I have , and that may be reflected in the one at 0.7250 above even though these are vanilla options The level has certainly been well defended thus far

Discussing how much higher the dollar could climb and the impact it will have on commodities, with Raoul Pal, Global Macro Investor Publisher.

SoftBank is eschewing investments in early-stage firms in favor of mature companies in a strategy shift under the helm of President Nikesh Arora.

Update to the AUD & NZD orders …
The very poor earlier has drawn in more NZ sellers
NZ business confidence data
AUD/USD, little change
– Sellers about here, 0.7310/20, some stops above 20. Sellers 0.7240/50, stops above 55/60
Currently  .7302

Submitted by Michael Snyder via The End of The American Dream blog,

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Due from China over the weekend, at 0100GMT on August 1