The Traderszone Network

Currently 1.1317 in retreat on general USD demand
Plenty of cross plays going through the books as ever.
Offers: 1.1335
 1.1350  1.1380-85 1.1400 (strong) 1.1425-30 1.1450
Bids: 1.1230 1.1185 

Currently 1.3128 after finding support following some GBPJPY-led supply
1.3185-1.3200 remains the topside line in the sand. Bids between 1.3100-10 and then 1.3080-85. I remain a rally seller and enjoying the two-way business.

The euro was flawed from the start, and the only way to save Europe’s economy is to break up the single currency, says Joseph Stiglitz in a new book.
read more

Australian Treasurer Morrison out with a statement 19 Aug 2016
– officially rejects bids from two Chinese companies in AUD 10bln in the sale of the country’s biggest energy grid
The official rejection comes after he raised concerns last week.

Spanish June trade deficit now out 19 Aug 2016
– exports +2.1%
– imports -0.9%
Top data from Spain with the deficit shrinking by 34% yy and YTD down by 31.4%.

European equities yet to make their move 19 Aug 2016
– FTSE flat
– DAX +0.1%
– CAC40 flat
– FTMIB -0.3%
– IBEX flat
In China the SCI closes up +0.1% and +1.9% on the week. CS1300 Index flat and +2.1% for the week.

Currently 113.55 in retreat as yen demand returns but bids nearby in the current narrow range
Offers: 
113.80
114.00 114.30 114.50 114.75 115.00
Bids: 113.50 112.75-80