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• USDJPY back above 93.00
• Eurozone unemployment rate march: 12% vs 12% exp
• UK manufacturing PMI analysis: not a pretty picture
• Pound lower after PMI and lending data
• UK mortgage lending march: GBP +0.9 bln VS +0.4 bln exp
• UK Manufacturing PMI march: 48.3 vs 48.5 exp
• EURUSD lower after PMI data fails to provide any upward momentum
• Cable finding a few buyers ahead of PMI data
• Italian unemployment rate march: 11.6% vs 11.8% exp
• Eurozone Manufacturing PMI march: 46.8 vs 46.6 exp
• Order board: GBPUSD
• German Manufacturing PMI march: 49 vs 48.9 exp
• French Manufacturing PMI march: 44 vs 43.9 exp
• Italian Manufacturing PMI march: 44.5 vs 45.50 exp
• PMI data coming up in the next 15 minutes
• Swiss SVME PMI march:48.3 vs 50.2 exp
• Spanish Manufacturing PMI march: 44.2 vs 46.00 exp
• European equities open mixed
• BOJ governor Kuroda says bold monetary easing needed
• Cyprus stock exchange suspends share trading in Bank of Cyprus and Popular Bank for next 10 days

USDJPY back above 93.00 Posted: 02 Apr 2013 02:06 AM PDT AUDJPY and EURJPY demand has lifted USDJPY back above 93.00. currently 93.13 EURUSD up at 1.0460 and AUDUSD 1.0462

Eurozone unemployment rate march: 12% vs 12% exp Posted: 02 Apr 2013 02:00 AM PDT 12%  prev revised up from 11.9%

UK manufacturing PMI analysis: not a pretty picture Posted: 02 Apr 2013 01:54 AM PDT The figure showed the UK’s manufacturing sector shrinking for the second consecutive month in March while the output component of the survey fell at its fastest pace since October 2012. The  survey suggests manufacturing exerted an even bigger drag on growth between January and March than it did in the fourth quarter of 2012, when it accounted for a third of the economy’s 0.3 % contraction blaming the poor performance of manufacturing in March on tough market conditions, subdued client confidence and ongoing bad weather.New orders from abroad contracted for the 15th month running with blame being thrown at weak demand from europe and strong competition in U.S. and south asian markets. Not good news ahead of the Q1 GDP release on April 25th and the govt will be hoping the services sector can bail them out once again this week to avoid ” triple-dip” recession.

Pound lower after PMI and lending data Posted: 02 Apr 2013 01:41 AM PDT So it was indeed a case of buy rumour sell fact, as I mentioned prior to the release GBPUSD has dropped from 1.5235 to 1.5212 just ahead of buying interest between 1.5200-10, and is holding up at the moment at 1.5218 The lending data didn’t inspire either with a contraction in m4 money supply and mortgage approvals outweighing the better than expected mortgage lending figure.

UK mortgage lending march: GBP +0.9 bln VS +0.4 bln exp Posted: 02 Apr 2013 01:32 AM PDT GBP +0.1 bln prev mortgage approvals 51.65k vs 54 exp 54.7 prev BOE consumer credit gbp +0.6bln vs +0.3 bln exp  +0.4bln prev m4 money supply -0.5% vs +0.9% prev

UK Manufacturing PMI march: 48.3 vs 48.5 exp Posted: 02 Apr 2013 01:28 AM PDT 47.9 prev That’s not going to please the traders that bought on the higher number talk, but it is a better figure than last month.

EURUSD lower after PMI data fails to provide any upward momentum Posted: 02 Apr 2013 01:22 AM PDT buy orders at 1.2840 have been absorbed after the lack of upward momentum post-pmi stop loss selling triggered low posted 1.2829. currently 1.2836

Cable finding a few buyers ahead of PMI data Posted: 02 Apr 2013 01:04 AM PDT The talk on the streets is that the number will come in better than expected. With strong sell orders at 1.5280 it could be a case of selling fact and is it me or does it feel like everyone is still on Easter break ?

Italian unemployment rate march: 11.6% vs 11.8% exp Posted: 02 Apr 2013 01:01 AM PDT 11.7% prev

Eurozone Manufacturing PMI march: 46.8 vs 46.6 exp Posted: 02 Apr 2013 12:59 AM PDT 46.6 prev

Order board: GBPUSD Posted: 02 Apr 2013 12:59 AM PDT offers 1.5260, 1.5280, 1.5300, 1.5315 bids 1.5210, 1.5200, 1.5180, 1.5155,1.5125,1.5100,1.5070

German Manufacturing PMI march: 49 vs 48.9 exp Posted: 02 Apr 2013 12:53 AM PDT 50.3 prev

French Manufacturing PMI march: 44 vs 43.9 exp Posted: 02 Apr 2013 12:48 AM PDT 43.9 prev

Italian Manufacturing PMI march: 44.5 vs 45.50 exp Posted: 02 Apr 2013 12:43 AM PDT 45.8 prev EURUSD lower at 1.2845 from 1.2855

PMI data coming up in the next 15 minutes Posted: 02 Apr 2013 12:36 AM PDT Just a quick heads up that we have Italian, French, German and Eurozone manufacturing PMI coming up in the next 15 mins.

Swiss SVME PMI march:48.3 vs 50.2 exp Posted: 02 Apr 2013 12:30 AM PDT 50.8 prev latest reading the first below 50 since Dec

Spanish Manufacturing PMI march: 44.2 vs 46.00 exp Posted: 02 Apr 2013 12:13 AM PDT 46.8 prev

European equities open mixed Posted: 02 Apr 2013 12:05 AM PDT FTSE unchanged DAX +0.2% CAC40 +0.2% IBEX -0.1% FTMIB -0.4%

BOJ governor Kuroda says bold monetary easing needed Posted: 01 Apr 2013 11:58 PM PDT speaking in lower house of parliament reuters quoting says it’s important to pay attention to price expectation as interest downside potential limited due to existing low rates monetary easing to include purchase of longer dated JGBs BOJ will combine its two bond buying operations to help clarify monetary stance

Cyprus stock exchange suspends share trading in Bank of Cyprus and Popular Bank for next 10 days Posted: 01 Apr 2013 11:41 PM PDT on reuters aimed at protecting shareholders says a statement from the stock exchange closed until 15 April

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