alayoua Posted October 5, 2012 Author Report Share Posted October 5, 2012 Market Overview by FXCC Oct 05 2012 ECB waits for Spain to act; bailout to come over the next month - Standard Chartered The ECB looks set to keep rates on hold in November too, according to Standard Chartered European Economists Sarah Hewin and Thomas Costerg, while expecting recession "will trigger a cut by year-end" they note. Details on the new bond-buying plan remain thin, "but the ECB is likely to be tough on conditionality" the bank suspects. As per the timing abou the Spanish bailout, Standard Chartered thinks "they will need to ask for support over the next month, despite German reluctance." "The ECB left its Refi rate unchanged in line with expectations, although market reaction does suggest there were at least some hopes for a rate cut today", says Vassili Serebriakov, Currency Strategist, Wells Fargo Bank. "With the ECB decision out of the way, markets will be looking ahead to US September nonfarm payrolls report", he says. "Judging from recent US data, the jobs numbers should not be particularly weak, which in our view could play into further gains in risk-sensitive commodity and emerging currencies". https://support.fxcc.com/email/technical/05102012/ UPCOMING EVENTS : 2012-10-05 07:00 GMT | Switzerland. Foreign Currency Reserves 2012-10-05 10:00 GMT | Germany. Factory Orders senectus 2012-10-05 12:30 GMT | United States. Nonfarm Payrolls 2012-10-05 19:00 GMT | United States. Consumer Credit Change FOREX NEWS : 2012-10-05 05:02 GMT | EUR/USD bulls regain upper-hand ahead of NFP fireworks 2012-10-05 03:40 GMT | USD/JPY drops to session lows post-BoJ 2012-10-05 03:14 GMT | BoJ Interest Rate Decision stays unchanged at 0.1% 2012-10-05 02:07 GMT | EUR/AUD stalling below 1.2720 EURUSD : 1.30154 / 1.30158 DAILY WEEKLY MONTHLY 1.3098 | 1.3065 | 1.3032 1.2998 | 1.2962 | 1.2926 SUMMARY : Up TREND : Upward penetration MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Bullish market sentiment remains in power today after the appreciation provided yesterday. United States Nonfarm Payrolls would be the main macroeconomic data release at 12:30 GMT. Main scenario: Brake above the resistance at 1.3032 (R1) would suggest next target at 1.3065 (R2) and any further gain would then be limited to 1.3098 (R3). Alternative scenario: Break below the support at 1.2998 (S1) might provide necessary space for retracement development. We suggest next target at 1.2962 (S2) and 1.2926 (S3) in potential. ---------------- GBPUSD : 1.61941 / 1.61945 DAILY WEEKLY MONTHLY 1.6289 | 1.6246 | 1.6204 1.6165 | 1.6123 | 1.6079 SUMMARY : Up TREND : Upward penetration MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: At the moment GBPUSD deviate from its up-trend formation and such stabilization might extend its power to the London session ahead. Stochastic Oscillator is pointing up and both moving averages are bullish, so far we expect further strengthening as main scenario later on today. Main scenario: Next resistance is maintained at 1.6204 (R1), break here might open space for a move to test targets at 1.6246 (R2) and 1.6289 (R3) in potential. Alternative scenario: Decrease below the support at 1.6165 (S1) might expose next targets at 1.6123 (S2) and 1.6079 (S3). ---------------- USDJPY : 78.391 / 78.395 DAILY WEEKLY MONTHLY 79.04 | 78.80 | 78.58 78.25 | 78.02 | 77.79 SUMMARY : Up TREND : Upward penetration MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Market trapped to the range trading mode after the yesterday gains. Medium term bias is positive and we expect to see retest of yesterday high today. However if the market depreciate below the support level we expect a correction development. Main scenario: Next resistance level lie at 78.58 (R1). Break here is required to enable targets at 78.80 (R2) and 79.04 (R3). Alternative scenario: Risk of price depreciation is seen below the next support level at 78.25 (S1). Price progress below it might expose next targets at 78.02 (S2) and 77.79 (S3) in perspective. Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted October 9, 2012 Author Report Share Posted October 9, 2012 Market Overview by FXCC Oct 09 2012 IMF cuts global GDPs forecast, dowside risks worsen The IMF has lowered the euro zone GDP outlook for 2012 by -0.1% to -0.4% from -0.3%, while setting a +0.2% in 2013 from +0.7%. Progress toward banking, fiscal union is required for rosier revisions. ECB could cut rates further, the institution says. Japan 2012 growth forecast was also cut to 2.2% from 2.4%, 2013 stands now at 1.2% from 1.5%. The BOJ easing program may help its GDP target, although more is needed to reach 1% inflation goal. China 2012 growth forecast was downgraded to 7.8% from 8.0%, 2013 forecast at 8.2% from 8.5%. On the US front, IMF said “imperative†to avoid year-end fiscal cliff, as it could reduce 4% of GDP in 2013 in the worst case scenario. U.S., Canadian economies GDPs are projected at around 2% in 2012 and 2013, but both face large downside risks. Cuts 2012 global GDP growth forecast to 3.3% from 3.5% in July and 2013 forecast to 3.6% from 3.9%. “General feeling of uncertainty†holding back global growth. The UK is the focus of the day ahead, "with the August snapshot of industrial- and manufacturing sector output on offer as well as foreign trade data for the same month" Rabobank notes. The bank adds: "A small fall in industrial output is expected but after a pretty strong July reading, the sector is tracking to grow output in 3Q as a whole." The NIESR, a UK Think Tank, will also release their estimate of 3Q GDP growth. Read More https://support.fxcc.com/email/technical/09102012/ UPCOMING EVENTS : Tentative ECOFIN Meetings 2012-10-09 07:30 GMT | ECB President Draghi Speaks 2012-10-09 08:30 GMT | Manufacturing Production 2012-10-09 14:00 GMT | NIESR GDP Estimate FOREX NEWS : 2012-10-09 05:00 GMT | GBP/USD consolidating ahead of UK data 2012-10-09 03:58 GMT | EUR/USD still below 1.30 2012-10-09 03:56 GMT | Will GBP/JPY’s sell-off extend? 2012-10-09 00:39 GMT | AUD/USD breaks Monday's high, descending trendline ---------------- EURUSD 1.29813 / 1.29817 DAILY WEEKLY MONTHLY 1.3049 | 1.3024 | 1.2999 1.2968 | 1.2942 | 1.2917 SUMMARY : Up TREND : Upward penetration MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Yesterday pair gained momentum on the downside and close on the negative territory however medium term bias remains positive for EURUSD. Main scenario: Pair is moving towards to our next resistance level at 1.2999 (R1). Clearance here would suggest next targets at 1.3024 (R2) and 1.3049 (R3). Alternative scenario: The downside trend evolvement is limited by next support level at 1.2968 (S1), break here might lead to the targets execution at 1.2942 (S2) and 1.2917 (S3). ------------ GBPUSD 1.60419 / 1.60426 DAILY WEEKLY MONTHLY 1.6127 | 1.6096 | 1.6066 1.6019 | 1.5990 | 1.5961 SUMMARY : Down TREND : Downward penetration MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Market sentiment is negative on GBPUSD as of yesterday sharp fall. We expect to see new lows formation today. Main scenario: Decline below the support level at 1.6019 (S1) would suggest next target at 1.5990 (S2) and any further easing would then be targeting 1.5961 (S3). Alternative scenario: If the price manages to stay above the suggested support at 1.6019 (S1), we expect attack to the resistance level at 1.6066 (R1). Clearance here is required for the instrument strengthening towards to our targets at 1.6096 (R2) and 1.6127 (R3) in potential. ------------- USDJPY : 78.404 / 78.406 DAILY WEEKLY MONTHLY 78.76 | 78.62 | 78.48 78.28 | 78.14 | 78.00 SUMMARY : Up TREND : Upward penetration MA10 : Bullish MA20 : Bullish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: USDJPY still is under the bullish pressure on the medium term perspective. Though, possibility of further market decline is high today. Main scenario: Next support level stays at 78.28 (S1). Break here would suggest next target at 78.14 (S2) and any further fall would then be limited by last support at 78.00 (S3). Alternative scenario: A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 78.48 (R1). Next immediate resistance levels holds at 78.62 (R2) and 78.76 (R3). Source: FX Central Clearing Ltd,( ECN Forex Indicators | Learn Forex | Trade Forex | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted October 12, 2012 Author Report Share Posted October 12, 2012 Market Overview by FXCC Oct 12 2012 MAS surprises but still room to loosen policy - Capital Economics The Monetary Authority of Singapore (MAS) left its policy stance unchanged today and it will continue to allow the NEER to trade within a target band of “modest and gradual appreciationâ€. The slope, mid-point and width of the target band will stay the same. The decision came despite stood at -1.5% q/q on an annualized basis in Q3. A relatively quiet London session lies ahead, with no EZ sovereign debt auctions as usual on Fridays, and only minor EUR data related coming out, starting with French current account at 06:45 GMT, followed by the Netherlands trade balance at 07:30 GMT, Italy CPI at 08:00 GMT, and EU industrial production 1 hour later. The IMF-WB meetings will keep going throughout Sunday, with BoJ governor Shirakawa to speak at 12:20 GMT. Special attention might come from Spain, as the nation government holds its regularly weekly meeting, and markets expectations are growing on the country asking for the bailout after S&P downgraded Spain's credit ranking to one notch away from junk status. Read More https://support.fxcc.com/email/technical/12102012/ All. IMF Meeting 2012-10-12 09:00 GMT European Monetary Union. Industrial Production 2012-10-12 12:30 GMT United States. Producer Price Index 2012-10-12 13:55 GMT United States. Reuters/Michigan Consumer Sentiment Index 2012-10-12 04:42 GMT GBP/USD pressured ahead of Europe 2012-10-12 04:33 GMT EUR/USD clings to range game; time to salute 1.30 again? 2012-10-12 02:34 GMT AUD/JPY threatening offers near 80.80 2012-10-11 23:34 GMT USD/JPY gently bid; further advances ahead? ------------- EURUSD 1.29291 / 1.29294 DAILY WEEKLY MONTHLY 1.3009 1.2980 1.2951 1.2914 1.2885 1.2854 SUMMARY Up TREND Upward penetration MA10 Bullish MA20 Bullish STOCHASTIC Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Medium term bias remains positive and today we expect further appreciation as main scenario. Main scenario: Strengthening above the resistance at 1.2951 (R1) might open way towards to next targets at 1.2980 (R2) and 1.3009 (R3). Alternative scenario: Next support can be found at 1.2914 (S1), clearance here would enable lower targets at 1.2885 (S2) and 1.2854 (S3). ---------------- GBPUSD 1.60289 / 1.60296 DAILY WEEKLY MONTHLY 1.6109 1.6082 1.6057 1.6020 1.5993 1.5966 SUMMARY Up TREND Upward penetration MA10 Bearish MA20 Bullish STOCHASTIC Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: GBPUSD deviate from last week losses and current consolidation might extend its power above the suggested resistance levels today. Main scenario: Rise above the resistance at 1.6057 (R1) would suggest next target at 1.6082 (R2) and then final resistance can be found at 1.6109 (R3). Alternative scenario: Next support level holds at 1.6020 (S1), break here would suggest next target at 1.5993 (S2) and any further fall would then be limited to 1.5966 (S3). ------------------- USDJPY 78.341 / 78.343 DAILY WEEKLY MONTHLY 78.79 78.67 78.54 78.27 78.13 77.99 SUMMARY Up TREND Upward penetration MA10 Bullish MA20 Bullish STOCHASTIC Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Fresh high provided today is our key point for further instrument appreciation however penetration below the suggested support level might enable bearish force on the short term perspective. Main scenario: Next resistance is placed at 78.54 (R1), break here might expose next target at 78.67 (R2) and any further rise would then be targeting 78.79 (R3). Alternative scenario: Our now bullish short term outlook will remain in place while USDJPY trades above the support at 78.27 (S1). A downside move below it might expose our next targets at 78.13 (S2) and 77.99 (S3) in potential. Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted October 24, 2012 Author Report Share Posted October 24, 2012 Market Overview by FXCC Oct 24 2012 Euro searching for catalyst strong enough to break its range, FOMC eyed Looking ahead, the Federal Reserve's policy setting committee began a two-day meeting, with a policy statement to be released Wednesday.According to Marc Chandler, Global Head of Currency Strategy at BBH, given the proximity of the election and the fact that an open-ended asset purchase plan was announced last month (QE3 or QE+), there will be a great deal more talk than action at the FOMC meeting. "There are two issues that market expects the Fed to discuss. The first may fall under communication, but is really more substantive", says BBH. "Currently the Fed uses a calendar date approach, now mid-2015 to guide expectations of the minimum amount of time the Fed will keep interest rates low. There has been some talk…that perhaps the Fed should provide numerical targets". The second issue addresses the amount of securities the Fed is purchasing, says BBH analyst. "The question here is whether the Fed should roll the $45 bln a month in Treasuries it is buying under Operation Twist (and selling short-end holdings) and roll them into QE3+", he explains. "This would mean buying $85 bln a month in MBS and Treasuries a month". https://support.fxcc.com/email/technical/24102012/ UPCOMING EVENTS : 2012-10-24 14:00 GMT | United States. New Home Sales 2012-10-24 15:15 GMT | Canada. BoC Press Conference 2012-10-24 18:15 GMT | United States. Fed's Monetary Policy Statement and press conference 2012-10-24 | European Monetary Union. ECB President Mario Draghi Visits Germany FOREX NEWS : 2012-10-24 05:02 GMT | EUR/USD looking ahead to EZ PMI, FOMC 2012-10-24 00:43 GMT | AUD/USD spike hits 1.0300 post-AU CPI 2012-10-23 23:23 GMT | Buy dips on gold towards a $1775 target - Nomura 2012-10-23 21:24 GMT | AUD/JPY bears protecting 82.70 EURUSD : 1.29865 / 1.29869 DAILY WEEKLY MONTHLY 1.3037 | 1.3013 | 1.2994 1.2971 | 1.2951 | 1.2930 SUMMARY : Down TREND : Down trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Plenty of macroeconomic data releases ahead. Today in focus ECB President Mario Draghi speech at 14:00 GMT and Fed's Monetary Policy Statement and press conference at 18:15 GMT. Technically, instrument extended its weakening and determined negative bias on the medium term perspective. Main scenario: Risk of further depreciation is seen below the next support level at 1.2971 (S1). Clearance here might put selling pressure to the pair and enable next targets at 1.2951 (S2) and 1.2930 (S3). Alternative scenario: Our next resistance level is placed above the fresh high, provided today at 1.2994 (R1). Strengthening above it would suggest higher targets at 1.3013(R2) and 1.3037 (R3). -------------- GBPUSD : 1.59487 / 1.59488 DAILY WEEKLY MONTHLY 1.5993 | 1.5975 | 1.5956 1.5931 | 1.5913 | 1.5894 SUMMARY : Down TREND : Down trend MA10 : Bearish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Technically, picture is negative for GBPUSD. We expect gradual market decline later on today however possibility of consolidation development is seen above our resistance levels. Main scenario: Next support level in focus at 1.5931 (S1), if it manages to break our support here we suggest next targets at 1.5913 (S2) and 1.5894 (S3). Alternative scenario: Successful attack to the next resistance level at 1.5956 (R1) might establish retracement formation with next targets at 1.5975 (R2) and 1.5993 (R3) in focus. ---------------- USDJPY : 79.807 / 79.809 DAILY WEEKLY MONTHLY 80.22 | 80.08 | 79.94 79.78 | 79.64 | 79.49 SUMMARY : Up TREND : Up trend MA10 : Bullish MA20 : Bearish STOCHASTIC : Neutral MARKET ANALYSIS - Intraday Analysis Technical Summary: Yesterday USDJPY continued its consolidation and now is settled for a move. We expect retest of our resistance level today. If it fails to establish positive bias likely we will see a correction development on the hourly timeframe. Main scenario: Next resistance at 79.94 (R1) comes ahead. The break here is required for the price appreciation towards to next target at 80.08 (R2) and any further rise would then be targeting to 80.22 (R3). Alternative scenario: Downside fluctuations remains for now limited by next support level at 79.78 (S1), only clear break here would be a signal of market easing, targeting 79.64 (S2) and 79.49 (S3) in potential. Source: FX Central Clearing Ltd,( Best Forex Trading System | Forex Trading Platforms | Automated Forex Trading Software | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 5, 2012 Author Report Share Posted November 5, 2012 Market Overview by FXCC Nov 05 2012 Greece to present new austerity package today FXstreet.com (Barcelona) - The Greece government, still in despair trying to find new ways to cut public spending, will present a new austerity proposal to parliament on Monday. In the proposal, it will be key to win enough acceptance if the country is to comply with the Troika requirements and not put at risk a still 'doubtful' next aid tranche worth over EUR 31.5 billion. The country faces a new week with tensions in the street escalating fast, with plans of strikes and protests. A 2-day strike against the next austerity bill is expected on Tuesday, with marches through Athens' city centre taking place. Greek parliament will be voting on an austerity package mounting 13.5 billion euros, mainly aimed at tax hikes and more flexibility for firms to enroll people on temporary labour contracts and make them redundant. "These will be the last cuts in wages and pensions," Samaras said on Sunday, cited by Reuters. "We promised to avert the country's exit from the euro and this is what we are doing. We have given absolute priority to this because if we do not achieve this everything else will be meaningless" Samaras added. As Richard Lee, FXstreet contributor, notes: "A dead vote on the austerity measure would place significant pressure on the single currency, as a delay of disbursement by the EU’s Troika could technically place Greece in a sovereign default. Greek benchmark 10-year bonds are reflective of the sentiment, with the yield rising a little over 40 basis point to 18.18% in the last two days." https://support.fxcc.com/email/technical/05112012/ UPCOMING EVENTS : 2012-11-05 00:00 GMT | All. G20 Meeting 2012-11-05 09:28 GMT | United Kingdom. Markit Services PMI 2012-11-05 09:30 GMT | European Monetary Union. Sentix Investor Confidence 2012-11-05 15:30 GMT | United States ISM Non-Manufacturing PMI FOREX NEWS : 2012-11-05 05:14 GMT | Short EUR/USD, target around 1.26 - Saxo Bank 2012-11-05 04:50 GMT | GBP/USD holding above 1.60 on low volatility 2012-11-05 03:12 GMT | EUR/AUD gaping below 1.2400 2012-11-05 01:30 GMT | USD/JPY capped below 80.50 EURUSD HIGH 1.28393 LOW 1.28159 BID 1.28305 ASK 1.28310 CHANGE -0.06% TIME 08:46:31 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Long direction: Market formed fresh low today and currently deviates from its initial downtrend formation. Next resistance level ahead is seen at 1.2844 (R1), break here is required to enable next target at 1.2868 (R2) and any further rise would then be limited to 1.2892 (R3). Short direction: Market sentiment is negative on EURUSD as of Friday sharp fall. If EURUSD gains momentum today and overcome our next support level at 1.2814 (S1), we suggest next targets at 1.2791 (S2) and 1.2767 (S3). Resistance Levels: 1.2844, 1.2868, 1.2892 Support Levels: 1.2814, 1.2791, 1.2767 GBPUSD HIGH 1.60358 LOW 1.60085 BID 1.60288 ASK 1.60296 CHANGE 0.04% TIME 08:46:32 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Long direction: If we take a look on the hourly chart we can see that medium-term bias is clearly negative however today instrument intend to provide retracement formation. Break above the next resistance level at 1.6039 (R1) would suggest next targets at 1.6054 (R2) and 1.6070 (R3) in potential. Short direction: Fresh low, formed on Friday is our key point for today. Next support level lie at 1.6007 (S1), below here opens the road towards to next targets at 1.5993 (S2) and 1.5978 (S3). Resistance Levels: 1.6039, 1.6054, 1.6070 Support Levels: 1.6007, 1.5993, 1.5978 USDJPY HIGH 80.562 LOW 80.337 BID 80.353 ASK 80.357 CHANGE -0.15% TIME 08:46:33 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Long direction: Technically, medium term tendency on USDJPY is positive and current pull back might be considered as a correction. If USDJPY gains momentum and rose above the resistance at 80.47 (R1) we expect next targets at 80.55 (R2) and 80.63 (R3). Short direction: Both moving averages is acting now as dynamic resistance levels and while price is quoted below them we expect further market decline. Downside direction is limited by next support level at 80.31 (S1), price decrease below it would be targeting next supports at 80.24 (S2) and 80.15 (S3). Resistance Levels: 80.47, 80.55, 80.63 Support Levels: 80.31, 80.24, 80.15 Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 6, 2012 Author Report Share Posted November 6, 2012 Daily Forex Market Analysis from FXCC Nov 06 2012 Greece submits austerity bill to parliament; narrow win expected The Greece government submitted on Monday the €13.5bn austerity bill to parliament. Now the next step is to vote for it, first to be considered by parliamentary committees on Tuesday and a full vote on Wednesday. Despite there has been some defectors the ruling coalition, expectations are pointing for a narrow win, thought to be enough to not jeopardize the next aid tranche worth over EUR 31.5 billion. According to James Coleman, Founder at Forexlive: "A failure to pass the austerity law would send the entire bailout process into chaos and rise the prospect of Greece defaulting later this month. A much weaker euro would result." As the Guardian UK notes: "Democratic Left, the junior partner in the coalition, tells us it will abstain on the vote and predicts a narrow win for Antonis Samaras's government." A Reuters report raised concerns earlier on Monday, after it suggested that eurozone leaders will hold out any decision on the next disbursement to Greece until the last minute, that is, the next November 12 EU official meeting may yet again disappoint on this front as no guarantee of a decision seems in sight.- FXstreet.com https://support.fxcc.com/email/technical/06112012/ UPCOMING EVENTS : 2012-11-06 **:** GMT | United Kingdom. 10-y Bond Auction 2012-11-06 08:58 GMT | European Monetary Union. Markit Services PMI 2012-11-06 10:00 GMT | European Monetary Union. Producer Price Index 2012-11-06 20:00 GMT | New Zealand. RBNZ Financial Stability Report FOREX NEWS : 2012-11-06 05:09 GMT | USD/JPY drags down to 80.00 2012-11-06 05:02 GMT | AUD/USD wins +1.04 battle; scope for further gains 2012-11-06 04:24 GMT | AUD/NZD penetrates into new 1.2580-1.2670 range 2012-11-06 04:23 GMT | GBP/AUD dip stalls ahead of 50% Fibo -------------------------------------- EURUSD : HIGH 1.28032 LOW 1.27818 BID 1.27886 ASK 1.27892 CHANGE -0.05% TIME 08 : 09 : 24 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Long direction: EURUSD refreshed its low yesterday and currently deviates from its initial downtrend formation. Next resistance is seen at 1.2807 (R1). Break here is required to enable bullish power with next possible targets at 1.2837 (R2) and 1.2868 (R3). Short direction: Pair has settled negative bias on the hourly timeframe and decline below the support level at 1.2767 (S1) would suggest further downtrend development with possible targets at 1.2740 (S2) and 1.2711 (S3). Resistance Levels: 1.2807, 1.2837, 1.2868 Support Levels: 1.2767, 1.2740, 1.2711 ------------------------------ GBPUSD : HIGH 1.59908 LOW 1.59709 BID 1.59852 ASK 1.59857 CHANGE 0.04% TIME 08 : 09 : 25 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Long direction: Downside formation remains in power however today we expect to see attack to our resistance levels. Upwards penetration is limited by next resistance level at 1.6009 (R1) today. Surpassing of this level would suggest next targets at 1.6029 (R2) and 1.6048 (R3) in potential. Short direction: Medium term market sentiment remains negative for GBPUSD. If the pair gains momentum on the downside today and overcome our next support level at 1.5970 (S1), we suggest next targets at 1.5951 (S2) and 1.5932 (S3). Resistance Levels: 1.6009, 1.6029, 1.6048 Support Levels: 1.5970, 1.5951, 1.5932 ---------------------------------- USDJPY : HIGH 80.298 LOW 79.962 BID 80.019 ASK 80.022 CHANGE -0.34% TIME 08 : 09 : 26 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Long direction: Market corrected from previous week gains and looks set to establish upwards development on the longer term. Our next resistance is placed at 80.13 (R1). Rise above it might push price towards to next targets at 80.26 (R2) and 80.39 (R3) intradayShort direction: Current market depreciation has determined negative market sentiment for the remaining of the day. Risk of further market depreciation is seen below the next support level at 79.95 (S1). Loss here would suggest intraday targets at 79.83 (S2) and 79.70 (S3). Resistance Levels: 80.13, 80.26, 80.39 Support Levels: 79.95, 79.83, 79.70 FX Central Clearing Ltd,( ECN Global Forex Trading | Forex Trading Charts | Best Forex Trading | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 7, 2012 Author Report Share Posted November 7, 2012 Daily Forex Market Analysis from FXCC Nov 07 2012 Obama re-elected as US President Barack Obama's second four year term in the White House is a reality, with semi-official confirmations given just minutes after 4GMT when most media outlets, including NBC, CBS, SKY,AP, Bloomberg, projected Obama's victory in Ohio, a key state for Obama in order to guarantee another second four year mandate. Mel Know, Editor at FXstreet.com, reports: "there were people somewhat surprised of the early confirmation of victory, but Obama has been picking off key swing states one by one. With 73% of the vote in, Ohio is projected to go to the president – no republican has ever won the presidency without winning Ohio. The president has also won in Wisconsin and Pennsylvania, leaving Romney required to win all three battleground states of Ohio, Florida and Virginia, where the race is too close to call. But the president has already reached the magical 270 Electoral College mark. Game over." The USD was sold-off aggressively as soon as the news of an Obama win came in, with markets pricing in an extended term from the president that has brought the US debt to GDP to uncharted territories by enjoying at the helm of the Fed ultra-dovish Federal Reserve Chairman Ben Bernanke and his quest for QE to infinity.According to John J Hardy, Head of FX Strategy at Saxo Bank, the Obama victory, "is more risk positive, USD negative as immediate reaction, but any further reaction in this direction could quickly fade as uncertainty over fiscal cliff settles, which would be USD positive and risk negative." - FXstreet.com https://support.fxcc.com/email/technical/07112012/ UPCOMING EVENTS : 2012-11-07 08:15 GMT Switzerland. Consumer Price Index 2012-11-07 10:00 GMT European Monetary Union. Retail Sales 2012-11-07 15:30 GMT United States. EIA Crude Oil Stocks change 2012-11-07 21:45 GMT New Zealand. Unemployment Rate FOREX NEWS : 2012-11-07 05:34 GMT GBP/USD advances on projected Obama victory 2012-11-07 04:46 GMT AUD/USD prints fresh 5-week highs above 1.0450 2012-11-07 04:32 GMT EUR/USD attacking 1.2880; Obama edges closer to victory 2012-11-07 03:37 GMT USD/JPY slides as election results flow in ------------------------- EURUSD HIGH 1.28748 LOW 1.27833 BID 1.28626 ASK 1.28632 CHANGE 0.39% TIME 07: 56 : 59 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Long direction: EURUSD gained momentum on the positive side after the Obama become re-elected US President. Break out of our resistance level at 1.2875 (R1) is required to enable route towards to next suggested targets at 1.2896 (R2) and 1.2917 (R3).Short direction: Possibility of pull back is seen below the support at 1.2842 (S1). Loss here might take the pair towards to eventual targets, located at 1.2821 (S2) and 1.2799 (S3) in potential. Resistance Levels: 1.2875, 1.2896, 1.2917 Support Levels: 1.2842, 1.2821, 1.2799 ------------------------- GBPUSD HIGH 1.60363 LOW 1.59682 BID 1.60338 ASK 1.60345 CHANGE 0.23% TIME 07: 57: 00 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Long direction: Intraday market sentiment is clearly Bullish. Protective measures for the upside development is seen at 1.6040 (R1). Break here would suggest next intraday targets at 1.6054 (R2) and 1.6067 (R3). Short direction: Our targets at 1.6005 (S2) and 1.5991 (S3) might be exposed if the downside extension below the support level at 1.6020(S1) occur later on today. Resistance Levels: 1.6040, 1.6054, 1.6067 Support Levels: 1.6020, 1.6005, 1.5991 ------------------------------- USDJPY HIGH 80.413 LOW 79.811 BID 80.112 ASK 80.116 CHANGE -0.3% TIME 07: 57: 02 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Long direction: Possibility to change market sentiment to positive is seen above the 20 SMA, we placed our next resistance level at 80.21 (R1). Break here is required to turn in focus higher target at 80.31 (R2) and any further increase would then be targeting to 80.40 (R3). Short direction: Technically, further market decline is more likely scenario for today while both moving averages are pointing down. Decrease below the next support level at 79.96 (S1) might enable bearish forces, targeting 79.87 (S2) and 79.78 (S3) in potential. Resistance Levels: 80.21, 80.31, 80.40 Support Levels: 79.96, 79.87, 79.78 Source: FX Central Clearing Ltd,( Automatic forex trading | Learning Forex Trading | ECN Forex Trading Signal | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 8, 2012 Author Report Share Posted November 8, 2012 Daily Forex Market Analysis from FXCC Nov 08 2012 Small chance of a ECB rate cut in November; BoE might introduce additional QE Market experts' views on the ECB and the BoE November monetary policy meetings are rather mixed, as recent economic data and the developments in the European debt crisis as well as the implications of the central banks' latest decisions leaves them with options for action this month. Almost all of the analysts contributing to the special forecast report agree that there is a very slight possibility of the ECB carrying out an interest rate cut at the upcoming meeting because, as Ilian Yotov writes, "with the OMT bond buying program plan already in place" the central bank can afford to wait for another month." Only Yohay Elam believes that "there is a good chance that the ECB will cut the rates by 0.25%" in November, in the light of "a small slide in inflation, the worsening economic situation, and fear of another credit crunch." As far as the BoE monetary policy meeting is concerned, the experts' projections range from "it should be interesting" to "as usual, a non event." The majority believes that there is a possibility of an extension of the asset purchase program by an additional 50 billion pounds. The upcoming BoE and ECB monetary policy decisions will be announced today at 12:00 and 12:45 GMT, respectively - FXstreet.com UPCOMING EVENTS : 2012-11-08 **:00 GMT : United Kingdom. BoE Monetary Policy Statement 2012-11-08 12:00 GMT : United Kingdom. BoE Asset Purchase Facility 2012-11-08 13:30 GMT : European Monetary Union. ECB Monetary policy statement and press conference 2012-11-08 13:30 GMT : United States. Trade Balance FOREX NEWS : 2012-11-08 05:59 GMT : GBP/USD unchanged ahead of BoE meeting 2012-11-08 05:13 GMT : EUR/JPY still under bear pressure; risk weighs 2012-11-08 03:15 GMT : GBP/JPY breaks and holds below 128 2012-11-08 03:02 GMT : Top-heavy NZD/JPY rests around 65.30 ------------------------ EURUSD HIGH 1.27802 LOW 1.27428 BID 1.27625 ASK 1.27631 CHANGE -0.07% TIME 08 : 18 : 29 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Long direction: Today in focus ECB Monetary policy statement and press conference at 13:30 GMT. If the market manage to climb above the resistance level at 1.2783 (R1) we expect next target to be achieved at 1.2803 (R2) and any further rise would then be targeting to 1.2824 (R3). Short direction: The low, formed yesterday is our reference point for further downtrend formation. Decline below the support level at 1.2736 (S1) might open road towards to lower targets, located at 1.2717 (S2) and 1.2698 (S3). Resistance Levels: 1.2783, 1.2803, 1.2824 Support Levels: 1.2736, 1.2717, 1.2698 --------------------- GBPUSD HIGH 1.59921 LOW 1.59697 BID 1.59819 ASK 1.59826 CHANGE -0.02% TIME 08 : 18 : 30 OUTLOOK SUMMARY : Sideway TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Long direction: Important macroeconomic data release might push the market in any direction today as it is not stable. Next announcement in focus 12:00 GMT- BoE Asset Purchase Facility. If the pair manages to penetrate above the resistance level at 1.5994 (R1), we suggest next targets at 1.6009 (R2) and 1.6024 (R3). Short direction: We placed our next support level at 1.5963 (S1). Loss here might enable further bearish pressure and downgrade Cable towards to expected targets at 1.5949 (S2) and 1.5935 (S3). Resistance Levels: 1.5994, 1.6009, 1.6024 Support Levels: 1.5963, 1.5949, 1.5935 ------------------ USDJPY HIGH 80.003 LOW 79.775 BID 79.905 ASK 79.908 CHANGE -0.11% TIME 08 : 18 : 31 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Long direction: USDJPY trades in gradual descending channel on the hourly chart. Climb above the next resistance level at 80.03 (R1) might provide market with sufficient power to attack next target at 80.11(R2) and any further rise would then be limited to 80.20 (R3). Short direction: Today instrument tested negative side and formed fresh low, which is our next support level at 79.77 (S1). Break here is required to enable next targets at 79.68 (S2) and 79.60 (S3). Resistance Levels: 80.03, 80.11, 80.20 Support Levels: 79.77, 79.68, 79.60 Source: FX Central Clearing Ltd,( ECN Forex Trading For Beginners | Automated Forex Trading Systems | Forex Automated Trading ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 9, 2012 Author Report Share Posted November 9, 2012 Daily Forex Market Analysis from FXCC Nov 09 2012 ECB's Draghi: Growth momentum to remain weak in 2013 As expected, the ECB Governing Council decided to keep the main interest rate unchanged at a record low of 0.75% at their November monetary policy meeting. Speaking at the press conference following the meeting ECB head Mario Draghi commented on the considerations underlying the decision. The president suggested that inflation should stay above 2% throughout the rest of 2012 and fall below 2% in the course of of 2013, adding that “over the policy-relevant horizon, in an environment of modest growth in the euro area and well-anchored long-term inflation expectations, underlying price pressures should remain moderate.†Mario Draghi said that growth momentum in the Eurozone would remain weak in 2013. He assured however that ECB's monetary policy was directed at stimulating growth in the area and that its readiness to activate the OMT program was boosting market confidence. He urged EU governments to continue reducing fiscal imbalances and applying structural reforms to strengthen growth potential in the area. He said that positive effects of the fiscal consolidation efforts so far could already be seen and that a quick implementation of the fiscal compact would further reassure markets - FXstreet.com https://support.fxcc.com/email/technical/09112012/ UPCOMING EVENTS : 2012-11-09 07:00 GMT : Germany. Harmonised Index of Consumer Prices 2012-11-09 09:30 GMT : United Kingdom. Total Trade Balance 2012-11-09 14:55 GMT : United States. Reuters/Michigan Consumer Sentiment Index 2012-11-09 15:00 GMT : United States. Wholesale Inventories FOREX NEWS : 2012-11-09 05:52 GMT : EUR/USD needs break of key fibo to resume bear's party 2012-11-09 05:27 GMT : GBP/USD finding buyers above 1.6000 2012-11-09 04:56 GMT : EUR/NZD stalling around 38.2% Fibo retrace at 1.5650 2012-11-09 03:50 GMT : AUD/CAD near 3-month highs above 1.04 -------------------------- EURUSD : HIGH 1.279 LOW 1.27334 BID 1.27758 ASK 1.27762 CHANGE 0.23% TIME 08:18:01 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Long direction: We are not expecting significant moves today however current market installation might extend its power towards to our resistance levels later on today. Our next resistance level holds at 1.2803 (R1). A break here might expose next targets 1.2828 (R2) and 1.2852 (R3). Short direction: If it fails to establish intraday positive bias we expect retest of our next support level at 1.2761 (S1). Price penetration below it might open way towards to next targets at 1.2735 (S2) and 1.2708 (S3). Resistance Levels: 1.2803, 1.2828, 1.2852 Support Levels: 1.2761, 1.2735, 1.2708 -------------------------- GBPUSD : HIGH 1.60192 LOW 1.59692 BID 1.60073 ASK 1.60079 CHANGE 0.16% TIME 08:18:02 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Long direction: Technically, instrument moves without priority in direction on the hourly chart. In such situation we suggest waiting for a clear signal of market sentiment change. Possible strengthening might arise above the next resistance level at 1.6020 (R1). Next targets holds at 1.6035 (R2) and 1.6048 (R3) levels. Short direction: A break of next support level at 1.5983 (S1) might extend easing towards to expected targets at 1.5969 (S2) and 1.5955 (S3) levels. Resistance Levels: 1.6020, 1.6034, 1.6048 Support Levels: 1.5983, 1.5969, 1.5955 ------------------------ USDJPY : HIGH 79.61 LOW 79.424 BID 79.560 ASK 79.563 CHANGE 0.11% TIME 08:18:03 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Long direction: Instrument stabilized after the fresh low provided yesterday. If it manages to stay above it we expect retracement development towards to resistance level at 79.62 (R1). Clearance here would suggest next targets at 79.71 (R2) and 79.82 (R3). Short direction: Decrease below the support level at 79.45 (S1) might open route towards to next targets at 79.35 (S2) and 79.25 (S3) and extends its bearish pressure on the medium term perspective. Resistance Levels: 79.62, 79.71, 79.82 Support Levels: 79.45, 79.35, 79.25 Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 12, 2012 Author Report Share Posted November 12, 2012 Daily Forex Analysis from FXCC Nov 12 2012 Greece passes 2013 budget bill After holding a vote on its 2013 national budget, the Greek government has passed the bill, one that includes additional cuts touching the most controversial areas of pensions, salaries and benefits. The reaction by the markets has been very subdued, with Euro ticking marginally higher. At present, worries are far greater on the prospects of Greece facing a default scenario this week, something that renowned papers like the Financial Times highlight on its front-cover. Greece should find a way to raise as much as €5bn in order to avoid default in a coupon of debt maturity, with the Troika and European paymasters, including Germany, still stuck in an impasse as to how to ease the country's debt burden, and with authorities still in disagreement over providing Greece the next aid tranche worth over €31.5 billion. For the short term, the Financial Times reports in a weekend article that "the country’s debt management office has announced plans to cover the full amount through a treasury bill auction on Tuesday, but Greek banks expected to buy the issue can only raise about €3.5bn of collateral acceptable to the ECB, according to two senior Athens bankers" the paper reports. It is thought that in case of a shortfall in the capital raised, Greece will have to tap funds from a reserve for bank recapitalisation held by the Hellenic Financial Stability Fund, worth over €3 billion, as option of last resort-FXstreet.com https://support.fxcc.com/email/technical/12112012/ UPCOMING EVENTS : 2012-11-12 **:** GMT : European Monetary Union. Eurogrup meeting 2012-11-12 06:00 GMT : Japan. Machine Tool Orders 2012-11-12 21:45 GMT : New Zealand. Food Price Index FOREX NEWS : 2012-11-12 05:15 GMT : GBP/USD stands at 1.59, above 200 DMA 2012-11-12 05:15 GMT : EUR/GBP waiting for Eurogroup Meeting, flat at 0.8 round 2012-11-12 04:12 GMT : USD/JPY may test 79.70-80.00 - BBH ---------------------------- EURUSD : HIGH 1.27365 LOW 1.27095 BID 1.27289 ASK 1.27294 CHANGE 0.15% TIME 08 : 19 : 31 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Long direction: Fresh cross of moving averages might be a signal of possible correction ahead. Next resistance level is in focus at 1.2740 (R1). Rise above it would then be targeting to 1.2769 (R2) and 1.2797 (R3) in perspective. Short direction: Though, EURUSD might spend most of the day in a narrow range amid limited tier-one data flow. Our downside targets at 1.2679 (S2) and 1.2648 (S3) might expose if the downside extension below the support level at 1.2708 (S1) occur later on today Resistance Levels: 1.2740, 1.2769, 1.2797 Support Levels: 1.2708, 1.2679, 1.2648 ------------------------------ GBPUSD : HIGH 1.59124 LOW 1.5891 BID 1.59099 ASK 1.59102 CHANGE 0.11% TIME 08 :19 : 32 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Long direction: The low from 08-11-2012 at 1.5928 (S1) is acting now as key resistance level for upside formation. If the price manages to break it, we expect retracement development with next targets in focus 1.5955 (R2) and 1.5982 (R3). Short direction: Risks of further depreciation is seen below the support at 1.5886 (S1). Break through here might take the pair towards to eventual targets located at 1.5861 (S2) and 1.5836 (S3) in potential. Resistance Levels: 1.5928, 1.5955, 1.5982 Support Levels: 1.5886, 1.5861, 1.5836 ------------------------------------- USDJPY : HIGH 79.563 LOW 79.401 BID 79.480 ASK 79.483 CHANGE 0.02% TIME 08 :19 : 33 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Low Long direction: Instrument trades in narrow range on the short term perspective. Clearance of next resistance level 79.57 (R1) might determine positive bias for the day and suggest next targets at 79.68 (R2) and 79.79 (R3). Short direction: On the longer term, tendency on USDJPY remains negative and current stabilization might be considered as a part of correction. If the market manage to break next support level at 79.35 (S1), we expect exposure of targets at 79.25 (S2) and 79.15 (S3) in potential. Resistance Levels: 79.57, 79.68, 79.79 Support Levels: 79.35, 79.25, 79.15 Source: FX Central Clearing Ltd,( Best Forex Trading Software | ECN Forex News Trading | Forex Options Trading | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 13, 2012 Author Report Share Posted November 13, 2012 Daily Forex Analysis from FXCC Nov 13 2012 U.S. ‘Fiscal Cliff’ likely to rock USD – Goldman Sachs Looking ahead to December 31, 2012 and January 1, 2013, Goldman Sachs’ Global FX Monthy Analyst, says the upcoming U.S. ‘fiscal cliff’ episode has noteworthy potential to boost USD initially, followed by a sharp USD sell-off. Goldman Sachs explains: “The logic of this price action closely follows the pattern of markets temporarily losing confidence in the ability of polarised policymakers to compromise. During this period it may look as if the ‘fiscal cliff’ is becoming reality and that the economy could face a negative fiscal shock of up to 5% of GDP. The temporary negative response in cyclical assets would likely also trigger a broader USD rally.†Goldman Sachs continues: “After that, when policymakers do find a compromise, possibly helped by the market concerns reflected in cyclical asset weakness, risk sentiment could improve rapidly and the USD would weaken again.†Busy day ahead for the London session A bunch of data releases will keep traders glued to the wires today. The show starts with French jobs data and current account at 07:45 GMT, followed 15 minutes later by Spanish CPI, Italian CPI at 09:00 GMT, and the highly followed German ZEW at 10:00 GMT, while the ECOFIN meeting, held in Brussels, will take place all day long. Bank of Portugal will also release its Autumn economic bulletin, with CPI figures for Portugal at 10:00 GMT. At 14:30 GMT Greek FinMin Stournaras will speak to EU lawmakers, while EU managing director of the Institute of International Finance Dallara will hold talks with senior government officials and private sector leaders regarding Greece and the Euro Area. In the sovereign debt auctions front, Italy will deliver 12 month bills, with 10 year bond yields standing barely above 5.03%, steady around the 5% figure for last 2 months, while Greece will try to sell 13-weeks T-Bill, as mentioned above. 2012-11-13 **:** GMT : United Kingdom. BOE Inflation Letter 2012-11-13 09:30 GMT : United Kingdom. Consumer Price Index 2012-11-13 10:00 GMT : Germany. ZEW Survey - Economic Sentiment 2012-11-13 19:00 GMT : United States. Monthly Budget Statement 2012-11-13 05:52 GMT : GBP/USD weakens ahead of UK CPI 2012-11-13 05:02 GMT : GBP/JPY cracks 126.00 to multi-week lows 2012-11-13 04:05 GMT : AUD/NZD prints inside day pin at 200 EMA 2012-11-13 03:08 GMT : USD/JPY pressured as risk wanes ---------------------- EURUSD : HIGH 1.27098 LOW 1.26731 BID 1.26854 ASK 1.26859 CHANGE -0.18% TIME 08 : 31: 38 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: We expect busy session ahead. Yesterday low is acting now as key resistance level at 1.2698 (R1). Appreciation above it might enable next targets at 1.2722 (R2) and 1.2746 (R3) in potential. Downwards scenario: Medium term bias remains negative as both moving averages are pointing down. We expect retest of our support at 1.2672 (S1). Easing below it would suggest next targets at 1.2648 (S2) and 1.2624 (S3) in potential. Resistance Levels: 1.2698, 1.2722, 1.2746 Support Levels: 1.2672, 1.2648, 1.2624 ---------------------- GBPUSD : HIGH 1.58776 LOW 1.58577 BID 1.58683 ASK 1.58691 CHANGE -0.05% TIME 08 : 31: 39 OUTLOOK SUMMARY : Down TREND CONDITION : Down trend TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Instrument gained momentum on the negative side, though we expect formation of retracement ahead. Progress above the resistance level at 1.5888 (R1) would suggest next targets at 1.5911 (R2) and 1.5933 (R3) in potential. Downwards scenario: Immediate focus comes on our next support level at 1.5856 (S1). Price penetration below it might open way towards to next targets at 1.5834 (S2) and 1.5811(S3). Resistance Levels: 1.5888, 1.5911, 1.5933 Support Levels: 1.5856, 1.5834, 1.5811 ---------------------- USDJPY : HIGH 79.641 LOW 79.226 BID 79.292 ASK 79.293 CHANGE -0.25% TIME 08:31:40 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Neutral hourly studies point towards further consolidation, with a break required to spark stronger upside action. Our next resistance level is placed at 79.36 (R1). Break above it might open initial targets at 79.44 (R2) and 79.54 (R3) in potential. Downwards scenario: Fresh low offers initial support level at 79.22 (S1), possible pushdown of the price below it would suggest next targets at 79.13 (S2) and 79.05 (S3). Resistance Levels: 79.36, 79.44, 79.54 Support Levels: 79.22, 79.13, 79.05 Source: FX Central Clearing Ltd,( forex trading brokers | automated forex trading system | forex trading for dummies | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 14, 2012 Author Report Share Posted November 14, 2012 Daily Forex Analysis from FXCC Nov 14 2012 Bild story on bundled aid payment for Greece boosts sentiment. German newspaper Bild Zeitung published an article in which it claims that the Berlin is preparing a 44 billion euro aid payment for Greece, combined from three pending bailout tranches. When asked about the report, German Finance Minister's spokeswoman said that no decision has been taken on the Greek bailout. “Color me skepticalâ€, writes Mark Chandler, Global Head of Currency Strategy for BBH. “To give Greece such a large sum at once is counter to the underlying strategy of doling out the aid in tranches to provide assurances of compliance. This is tantamount to unilateral disarmament by the creditors. Second, three euro area members require parliamentary approval, Germany, Finland and the Netherlands. It it unlikely to receive support.†The Bild report boosted sentiment and the Euro rebounded off a two-month low against the greenback. The Greek Public Debt Management Agency held a bond auction on Tuesday in order to roll over 5 billion euros of debt maturing on November 16. It sold 4.062 billion euros worth of 1-month and 3-month T-bills and the total amount should reach 5 billion if all non-competitive bids are included. 1-month T-bills were sold at an average yield of 3.95%, while 3-month T-bills yielded 4.2%, compared to 4.24% seen in October. The auction was given the green light by the ECB which had to raise the ceiling on the amount of T-bills so that Athens would be able to continue refinancing short-term debt -FXstreet.com https://support.fxcc.com/email/technical/14112012/ UPCOMING EVENTS : 2012-11-14 09:30 GMT : United Kingdom. ILO Unemployment Rate 2012-11-14 10:30 GMT : United Kingdom. BoE's Governor King Speech 2012-11-14 13:30 GMT : United States. Retail Sales 2012-11-14 19:00 GMT : United States. FOMC Minutes FOREX NEWS : 2012-11-14 04:03 GMT : Outlook bullish on EUR/USD – Goldman Sachs 2012-11-14 03:19 GMT : AUD/NZD limited below 1.2800, 61.8% Fibo 2012-11-14 02:31 GMT : GBP/JPY back above 126.00; Regional bourses support 2012-11-14 01:08 GMT : AUD/JPY capped below 1H 200 SMA EURUSD : HIGH 1.27287 LOW 1.27001 BID 1.27216 ASK 1.27219 CHANGE 0.14% TIME 08:03:01 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Pair has settled negative bias on the hourly timeframe but recently moved in sideways mode. Above the fresh high at 1.2730 (R1) is possible retracement development. Violation here might expose next targets at 1.2746 (R2) and 1.2763 (R3). Downwards scenario: Loss of next support at 1.2703 (S1) might drive market price towards to the next targets at 1.2684 (S2) and 1.2666 (S3). Resistance Levels: 1.2730, 1.2746, 1.2763 Support Levels: 1.2703, 1.2684, 1.2666 ------------------------- GBPUSD : HIGH 1.58923 LOW 1.58663 BID 1.58917 ASK 1.58920 CHANGE 0.13% TIME 08:03:02 OUTLOOK SUMMARY : Down TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD trades in positive tone on the short term perspective. Successful penetration above the resistance at 1.5900 (R1) might provide sufficient space for the price increase towards to our targets at 1.5915 (R2) and 1.5931 (R3). Downwards scenario: Medium term bias remains negative on the hourly chart. If the pair extend its bearish pressure below the next support level at 1.5866 (S1), we suggest next targets at 1.5849 (S2) and 1.5830 (S3). Resistance Levels: 1.5900, 1.5915, 1.5931 Support Levels: 1.5866, 1.5849, 1.5830 ------------------------------ USDJPY : HIGH 79.573 LOW 79.385 BID 79.565 ASK 79.566 CHANGE 0.23% TIME 08:03:02 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: USDJPY gained momentum on the positive side today and determined positive bias for the remaining day. We expect some consolidation ahead, though If the market manages to climb above the resistance level at 79.83 (R1) we suggest next targets at 79.92 (R2) and 80.02 (R3) in potential.Downwards scenario: Yesterday high is acting now as key support level at 79.64 (S1), clearance here is required to attack lower targets at 79.53 (S2) and 79.43 (S3). Resistance Levels: 79.83, 79.92, 80.02 Support Levels: 79.64, 79.53, 79.43 Source: FX Central Clearing Ltd,( forex trading news | forex trading secrets | forex trading tools | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 15, 2012 Author Report Share Posted November 15, 2012 Daily Forex Analysis from FXCC Nov 15 2012 EU's Rehn: Spain has taken effective action on budget deficits in 2012 and 2013 EU Economic and Monetary Affairs Commissioner Olli Rehn made a statement on Spain on Wednesday, regarding the country's deficit moves. According to the European Commission's assessment the Spanish government has taken effective action for 2012, 2013 as far as restoring sustainability of public finances is concerned. Nevertheless, it would fail to meet the deficit target for 2014. Mr Rehn declared that Spain currently does not need additional measures and that the progress of its budget consolidation will be evaluated once again by the EU in February, by which time it might be necessary to introduce further measures. He added that he does not see the need for Rajoy's government making a bailout request in the nearest future. The EU Economic and Monetary Affairs Commissioner also acknowledged that Spain is currently undergoing difficult rebalancing of the economy and that its government and people are making great efforts to assure sustainability of the country’s finances. https://support.fxcc.com/email/technical/15112012/ UPCOMING EVENTS : 2012-11-15 09:00 GMT : Italy. Gross Domestic Product(Preliminar) 2012-11-15 09:30 GMT : United Kingdom. Retail Sales 2012-11-15 10:00 GMT : E.M.U. Gross Domestic Product (Preliminar) 2012-11-15 13:30 GMT : United States. Consumer Price Index Ex Food & Energy FOREX NEWS : 2012-11-15 04:15 GMT : AUD/USD stalls the dive helped by 1.0350 bids 2012-11-15 04:03 GMT : Short AUD/CAD; target the 1.01 area - Westpac 2012-11-15 03:36 GMT : GBP/AUD offered below 50% Fibo 2012-11-15 00:51 GMT : EUR/USD: Hourly pin forms off 200 EMA; bears encouraged ------------------------ EURUSD : HIGH 1.2753 LOW 1.27174 BID 1.27473 ASK 1.27476 CHANGE 0.09% TIME 08:03:46 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: Current market installation might suggest us about the uptrend formation on the hourly timeframe. Break of 1.2758 (R1) is required for attack to the next target at 1.2772 (R2). Final resistance could be found at 1.2787 (R3) today. Downwards scenario: Risk of further market depreciation is seen below the next support level at 1.2730 (S1). Loss here would suggest intraday targets at 1.2715 (S2) and 1.2700 (S3). Resistance Levels: 1.2758, 1.2772, 1.2787 Support Levels: 1.2730, 1.2715, 1.2700 ----------------------------------- GBPUSD : HIGH 1.58552 LOW 1.58361 BID 1.58519 ASK 1.58523 CHANGE 0.07% TIME 08:03:47 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High Upwards scenario: Our next resistance level locates at 1.5859 (R1). If market gains momentum and manage to overcome it, we expect further deviation from the initial downtrend towards to next targets at 1.5877 (R2) and 1.5894 (R3). Downwards scenario: Risk of market weakening is seen below the fresh low at 1.5834 (S1). Loss here would enable bearish forces and might expose our targets at 1.5815 (S2) and 1.5796 (S3). Resistance Levels: 1.5859, 1.5877, 1.5894 Support Levels: 1.5834, 1.5815, 1.5796 -------------------------- USDJPY : HIGH 80.943 LOW 80.125 BID 80.931 ASK 80.933 CHANGE 0.85% TIME 08:03:48 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: USDJPY appreciated by 0.85% today and determined clear bullish market sentiment. Our key resistance level locates at fresh high – 80.96 (R1), clearance here would suggest higher targets at 81.10 (R2) and 81.25 (R3) intraday. Downwards scenario: Risk of correction is seen below the next support level at 80.61 (S1), break here is required to enable lower targets at 80.47 (S2) and 80.32 (S3). Resistance Levels: 80.96, 81.10, 81.25 Support Levels: 80.61, 80.47, 80.32 Source: FX Central Clearing Ltd,( ECN Forex Account | Forex Managed Account | Managed Forex Account | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 16, 2012 Author Report Share Posted November 16, 2012 Daily Forex Analysis from FXCC Nov 16 2012 Eurozone officially in recession Third quarter GDP data for the Eurozone published yesterday revealed that the area has once again slipped into recession. According to Eurostat Q3 GDP was down by 0.1%, which is the second consecutive quarterly decline. Only the German and French economies expanded, both by 0.2%. Martin van Vliet from ING comments: “GDP figures clearly demonstrate that the Eurozone economy as a whole is in desperate need of macroeconomic stimulus. With policymakers seemingly reluctant to engineer a coordinated pull-back from fiscal austerity, more monetary stimulus and a weaker currency is likely to be needed to put Eurozone back on a path of sustained growth.†ECB Governing Council member Luc Coene declared in the European morning that Spain should urgently seek EU aid. European Commissioner for Economic and Monetary Affairs Olli Rehn, who spoke later in the day, assured that the solution to the Greek problem requires a combination of measures, providing the principal amount of its debt does not change.-FXstreet.com https://support.fxcc.com/email/technical/16112012/ UPCOMING EVENTS : 2012-11-16 10:00 GMT : E. M. U. Trade Balance 2012-11-16 14:00 GMT : United States. Net Long-Term TIC Flows 2012-11-16 14:15 GMT : United States. Industrial Production 2012-11-16 20:45 GMT : United States. Fed's Lockhart speech UPCOMING EVENTS : 2012-11-16 04:31 GMT : GBP/AUD flat around 1.5350; with bullish scope? 2012-11-16 04:28 GMT : AUD/CAD looking more bearish if below 1.0290 2012-11-16 04:06 GMT : USD/JPY consolidation likely next week - Nomura 2012-11-16 01:31 GMT : EUR/USD bears cap rebound at 1.28 EURUSD : HIGH 1.27845 LOW 1.27645 BID 1.27681 ASK 1.27688 CHANGE -0.09% TIME 08:03:35 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.2786 (R1). Immediate focus comes on 1.2800 (R1) and 1.2814 (r3) in such scenario. Downwards scenario: Price decline below the next support levels at 1.2759 (S1) might trigger bearish pressure and enable next target at 1.2745 (S2). Further correction development might face final support level at 1.2732 (S3). Resistance Levels: 1.2786, 1.2800, 1.2814 Support Levels: 1.2759, 1.2745, 1.2732 ----------------- GBPUSD : HIGH 1.58665 LOW 1.58569 BID 1.58597 ASK 1.58604 CHANGE -0.03% TIME 08:03:36 OUTLOOK SUMMARY : Down TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: A medium-term bias is negative now though intraday bullish forces might be activated if the pair penetrates above the resistance level at 1.5868 (R1). Next immediate resistance levels holds at 1.5884 (R2) and 1.5899 (R3). Downwards scenario: Downside direction is limited by next support level at 1.5841 (S1), price decrease below it would be targeting next supports at 1.5826 (S2) and 1.5810 (S3). Resistance Levels: 1.5868, 1.5884, 1.5899 Support Levels: 1.5841, 1.5826, 1.5810 ------------------------ USDJPY : HIGH 81.268 LOW 80.973 BID 81.010 ASK 81.013 CHANGE -0.19% TIME 08:03:38 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: While instrument trades below the resistance level at 81.28 (R1), market would try to form correction. Break above it is required to attack the upside target at 81.50 (R2) and 81.70 (R3) in potential. Downwards scenario: If price would manage to overcome our support at 80.92 (S1) we suggest next targets at 80.70 (S2) and 80.46 (S3). Resistance Levels: 81.28, 81.50, 81.70 Support Levels: 80.92, 80.70, 80.46 Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 19, 2012 Author Report Share Posted November 19, 2012 Daily Forex Analysis from FXCC Nov 19 2012 ECB's Asmussen calls for a 2-year funding extension on Greece FXstreet.com (Barcelona) - Joerg Asmussen, member of the European Central Bank, told German broadcaster ZDF over the weekend, EU leaders should agree on a 2-year loan extension for Greece, with any additional funding plan to be decided at a later stage, confirming the broadly-held view within the EU of 'kicking the can down the road', a position not marrying too well with IMF Director Christine Lagarde, who has been repeatedly calling for a long-standing comprehensible plan. For today, EUR related economic agenda for the London session ahead looks soft, with only Italian industrial production at 09:00 GMT. However, several conferences in the EU will take place in parallel, ahead of tomorrow's key Eurogroup meetings. The special attention will be headlines from EU Commissioner Barnier and Spain EcoMin De Guindos, speaking at the EU conference on financial stability and the single market at 08:30 GMT. Also Deutsche Bundesbank President Jens Weidmann speech in Frankfurt at the same time will attract market's attention. In the EZ sovereign debt auctions front, France will deliver Treasury bills at 12:45 GMT, with 10 year bond yields stable around the 2% figure, last at 2.08%. https://support.fxcc.com/email/technical/19112012/ UPCOMING EVENTS : 2012-11-19 **:00 GMT Japan. BoJ Monetary Policy Meeting Minutes 2012-11-19 10:00 GMT European Monetary Union. Construction Output 2012-11-19 15:00 GMT United States. Existing Home Sales Change 2012-11-19 23:00 GMT Australia. Conference Board Australia Leading Index UPCOMING EVENTS : 2012-11-19 06:08 GMT EUR/USD advance above 1.28 should command respect 2012-11-19 06:02 GMT GBP/USD rises above 1.59 on positive tone 2012-11-19 04:43 GMT AUD/EUR seen at +0.84 in early 2013 - Westpac 2012-11-19 04:07 GMT EUR/AUD looking for bids around 1.23 mark EURUSD : HIGH 1.27734 LOW 1.27401 BID 1.27582 ASK 1.27588 CHANGE 0.13% TIME 07:59:51 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low MARKET ANALYSIS - Intraday Analysis Upwards scenario: Instrument show up 0.13% rise today and any further appreciation needs to clear barrier at 1.2774 (R1). Intraday targets could be found at 1.2786 (R2) and then at 1.2798 (R3). Downwards scenario: Below the 10 SMA locates our next support level at 1.2751 (S1). Break here might open a route towards to next targets at 1.2739 (S2) and 1.2727 (S3) in perspective. Resistance Levels: 1.2774, 1.2786, 1.2798 Support Levels: 1.2751, 1.2739, 1.2727 --------------------------- GBPUSD : HIGH 1.59233 LOW 1.58806 BID 1.59109 ASK 1.59116 CHANGE 0.17% TIME 07:59:52 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Low Upwards scenario: market sentiment is clearly bullish today. Fresh high formed today acts now as next resistance level at 1.5924 (R1). Above here open way towards to next targets at 1.5936 (R2) and then at 1.5947 (R3). Downwards scenario: Risk of depreciation is seen below the local high, formed on the 14-11-2012 at 1.5902 (S1). Break here is required to enable lower targets at 1.5890 (S2) and 1.5877 (S3). Resistance Levels: 1.5924, 1.5936, 1.5947 Support Levels: 1.5902, 1.5890, 1.5877 ---------------------- USDJPY : HIGH 81.587 LOW 81.125 BID 81.243 ASK 81.247 CHANGE -0.09% TIME 07:59:53 OUTLOOK SUMMARY : Up TREND CONDITION Up : trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: Medium term bias is positive for USDJPY. Risk of market appreciation is seen above the next resistance level at 81.41 (R1). Loss here would suggest next target at 81.62 (R2) and any further rise would then be targeting 81.82 (R3). Downwards scenario: If the pair gains momentum on the downside and manage to break our next support level at 81.10 (S1), it is likely to get acceleration towards to our next support level at 80.90 (S2) and 80.68 (S3), exactly where the 38.2% Fibonacci retracement level lies. Resistance Levels: 81.41, 81.62, 81.82 Support Levels: 81.10, 80.90, 80.68 Source: FX Central Clearing Ltd,( Forex Practice Account | ECN Broker | ECN Forex | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 20, 2012 Author Report Share Posted November 20, 2012 Daily Forex Analysis from FXCC Nov 20 2012 Moody's downgrades France to Aa1 from Aaa FXstreet.com (Barcelona) - Moody's has downgraded France's government bond rating to Aa1 from Aaa, maintains negative outlook. Moody's decision to downgrade France and maintain the negative outlook reflects the following: From Moody's: 1.) France's long-term economic growth outlook is negatively affected by multiple structural challenges, including its gradual, sustained loss of competitiveness and the long-standing rigidities of its labour, goods and service markets. 2.) France's fiscal outlook is uncertain as a result of its deteriorating economic prospects, both in the short term due to subdued domestic and external demand, and in the longer term due to the structural rigidities noted above. 3.) The predictability of France's resilience to future euro area shocks is diminishing in view of the rising risks to economic growth, fiscal performance and cost of funding. France's exposure to peripheral Europe through its trade linkages and its banking system is disproportionately large, and its contingent obligations to support other euro area members have been increasing. Moreover, unlike other non-euro area sovereigns that carry similarly high ratings, France does not have access to a national central bank for the financing of its debt in the event of a market disruption. https://support.fxcc.com/email/technical/20112012/ UPCOMING EVENTS : 2011-08-10 **:00 GMT : European Monetary Union. EcoFin Meeting 2011-08-10 07:00 GMT : Germany. Producer Price Index 2012-11-20 13:30 GMT : United States. Housing Starts 2012-11-20 17:15 GMT : United States. Fed's Bernanke Speech UPCOMING EVENTS : 2012-11-20 06:07 GMT : GBP/USD bulls have room to run; resistance at 1.6065 - V.Bednarik 2012-11-20 05:52 GMT : EUR/USD holds 1.28; Greece aid hopes outweigh France downgrade 2012-11-20 05:27 GMT : AUD/USD long term bearish – Forex.com 2012-11-20 05:02 GMT : NZD/USD limited below key Fibo around 0.82 --------------------- EURUSD : HIGH 1.28142 LOW 1.27649 BID 1.27885 ASK 1.27891 CHANGE -0.19% TIME 08 : 11 : 04 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: On the bigger picture trend still is pointing up. Targets at 1.2824 (R2) and 1.2837 (R3) might be attractive for the uptrend penetration if the price manage to break our next resistance level at 1.2811 (R1). Downwards scenario: Clearance of next support level at 1.2785 (S1) might lead to the retracement formation with next expected targets at 1.2772 (S2) and 1.2760 (S3) in potential. Resistance Levels: 1.2811, 1.2824, 1.2837 Support Levels: 1.2785, 1.2772, 1.2760 ---------------------- GBPUSD : HIGH 1.59195 LOW 1.58914 BID 1.59130 ASK 1.59135 CHANGE 0.03% TIME 08 : 11 : 05 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Market moves in consolidation mode after the uptrend formation and we expect retest of previous day high later on today. Clearance of next resistance level at 1.5924 (R1) would suggest next targets at 1.5936 (R2) and 1.5947 (R3). Downwards scenario: While next support is placed at 1.5907 (S1), decline below it would put in focus next target at 1.5894 (S2) and any further depreciation would then be limited to 1.5882 (S3) intraday. Resistance Levels: 1.5924, 1.5936, 1.5947 Support Levels: 1.5907, 1.5894, 1.5882 ----------------------------- USDJPY HIGH 81.432 LOW 81.142 BID 81.309 ASK 81.313 CHANGE -0.12% TIME 08 : 11 : 06 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Instrument stabilized and trades in a narrow channel without priority in direction. Fresh peak is acting now as resistance level at 81.43 (R1), penetration above it would suggest next targets at 81.59 (R2) and 81.76 (R3) on the upside. Downwards scenario: We suggest waiting for a clear break out of important levels prior taking any positions. If USDJPY manage to break our support level at 81.12 (S1), we expect next targets at 80.94 (S2) and 80.75 (S3) in potential. Resistance Levels: 81.43, 81.59, 81.76 Support Levels: 81.12, 80.94, 80.75 Source: FX Central Clearing Ltd,( ECN Brokers | ECN Forex Brokers | ECN Trading | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 21, 2012 Author Report Share Posted November 21, 2012 Daily Forex Analysis from FXCC Nov 21 2012 EU Finance Ministers fail to agree on Greece; Talks to resume on Monday The European finance ministers failed to reach any conclusive decision on Greece after a 10+ hours meeting in Brussels, which came to a conclusion well into the night at around 4am. Details will not be released and the press conference was canceled. Luke Baker, Reuters bureau chief in Brussels, notes: "After more than 10 hours of meeting, German Finance Minister Schaeuble said euro zone finance ministers couldn't reach an agreement on Greece. Euro Finance Chiefs will continue talks on Monday..." Earlier on the Asian session, Reuters was out reporting on a Eurogroup document laying out details on Greek debt, which is seen at debt to GDP of 144% in 2020, 133% in 2022, 111% in 2030, noted Mr. Baker. Current Greek debt level stands at 170% of GDP. Bloomberg reported that target of reaching debt sustainability may be postponed to 2022. One of the measures under discussion is suspending for 10 years interest payments on loans provided to Greece by the European Financial Stability Facility (EFSF), Reuters reported citing an unnamed official. It is thought that even combined elements "would still fail to reduce the overall debt-to-GDP ratio to 120% by 2020, the level the IMF has deemed as 'sustainable' " Bloomberg notes. Speculation is that IMF may remove itself from any Greek bailout programs if the 120% threshold can not be reached.-Fxstreet.com https://support.fxcc.com/email/technical/21112012/ UPCOMING EVENTS : 2012-11-21 09:30 GMT | United Kingdom. Bank of England Minutes 2012-11-21 13:30 GMT | United States. Initial Jobless Claims 2012-11-21 14:55 GMT | United States. Reuters/Michigan Consumer Sentiment Index 2012-11-21 15:00 GMT | United States. Leading Indicator FOREX NEWS : 2012-11-21 05:46 GMT | GBP/USD peels back to 1.59 ahead of BoE Minutes 2012-11-21 05:32 GMT | EUR/GBP; 1-month already dealing around the 0.80 figure 2012-11-21 05:08 GMT | EUR/AUD turns lower toward 1.2300 2012-11-21 04:18 GMT | AUD/USD sinks on Eurogroup dissapointment EURUSD : HIGH 1.2822 LOW 1.27364 BID 1.27527 ASK 1.27533 CHANGE -0.5% TIME 08 : 01 : 43 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD formed retracement formation today, turning intraday bias to the negative side. Our next resistance level for today is hold at 1.2774 (R1). Rise above it might open route towards to next targets at 1.2788 (R2) and 1.2803 (R3). Downwards scenario: A break below the fresh low at 1.2736 (S1) would allow bears remaining in play on the medium-term perspective. Next targets could be found at 1.2720 (S2) and 1.2705 (S3). Resistance Levels: 1.2774, 1.2788, 1.2803 Support Levels: 1.2736, 1.2720, 1.2705 ---------------------------- GBPUSD : HIGH 1.59285 LOW 1.58998 BID 1.59046 ASK 1.59051 CHANGE -0.12% TIME 08 : 01 : 44 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: A move above the resistance level at 1.5912 (R1) might drive market price towards to next target at 1.5921 (R2) and any further rise would then be limited to resistance at 1.5930 (R3). Downwards scenario: Hourly chart correction remains in power today. Next barrier locates at 1.5894 (S1). Loss here might enable further bearish pressure and downgrade Cable towards to expected targets at 1.5886 (S2) and 1.5877 (S3). Resistance Levels: 1.5912, 1.5921, 1.5930 Support Levels: 1.5894, 1.5886, 1.5877 ----------------------- USDJPY : HIGH 81.974 LOW 81.654 BID 81.913 ASK 81.917 CHANGE 0.29% TIME 08 : 01 : 46 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: USDJPY gained momentum on the positive side and formed fresh high today, which is our key point for further market gains. Strengthening above the resistance at 81.97 (R1) would enable expected targets at 82.14 (R2) and 82.29 (R3). Downwards scenario: Retracement development is limited to the next support level at 81.70 (S1). Clearance here would open road towards to possible targets, located at 81.53 (S2) and 81.35 (S3). Resistance Levels: 81.97, 82.14, 82.29 Support Levels: 81.70, 81.53, 81.35 Source: FX Central Clearing Ltd,( ECN Platform | Forex Broker Reviews | Online Forex Broker | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 22, 2012 Author Report Share Posted November 22, 2012 Daily Forex Analysis from FXCC Nov 22 2012 Market pricing Greece deal by Monday Judging by the reaction of the market after EU authorities failed to reach a deal on Greece, hopes that by Monday leaders will resolve the technicalities and find a way to unblock the next disbursement of bailout money to Greece, continue to run high, and so does the Euro. There are varies option on the table, with the WSJ citing the three most likely, which include a debt buybacks program, loan interest cuts to 0.25%, which may potentially save the country over 44 billion euros, and a return of SMP profits. The German leader Angela Merkel advocated after the last EcoFin meeting that they could beef up the EFSF funds by 10 billion euros to support an activation of a Greece buy back program. Meanwhile, EU leaders are scheduled to have talks today about budget talks, with the market focusing on the area's spending plan. Headline over this meeting will hardly move the Euro. Eurozone finance ministers are discussing options to bring down Greece's debt to 120% of GDP in 2020. One of the measures under discussion is suspending for 10 years interest payments on loans provided to Greece by the European Financial Stability Facility (EFSF), Reuters reported citing an unnamed official. Another measure could be to buy back Greek debt held by private financial institutions, offering 30% of its value, while a third step would be to cut the interest on €53 billion of bilateral loans to Greece, to 25 basis points from the current 150 basis points. https://support.fxcc.com/email/technical/22112012/ UPCOMING EVENTS : 2012-11-22 08:28 GMT | Germany. Markit Services PMI 2012-11-22 08:58 GMT | European Monetary Union. Markit Services PMI 2012-11-22 13:30 GMT | Canada. Retail Sales 2012-11-22 15:00 GMT | European Monetary Union. Consumer Confidence FOREX NEWS : 2012-11-22 05:44 GMT | EUR/USD below 1.16 in 2013 favored – JPM 2012-11-22 04:07 GMT | GBP/JPY moving in tight ranges below 132 2012-11-22 03:03 GMT | AUD is 5% overvalued – JPM 2012-11-22 01:28 GMT | AUD/CAD risks to the downside if below 1.0300 – TD Securities ----------------------------- EURUSD : HIGH 1.28682 LOW 1.28261 BID 1.28466 ASK 1.28472 CHANGE 0.14% TIME 08:17:21 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: EURUSD tested positive side today and gains 0.14 %. Local high, formed today acts now as next barrier for further price appreciation. Clearance of 1.2868 (R1) would suggest next targets at 1.2885 (R2) and 1.2902 (R3). Downwards scenario: Important support level locates right at 1.2831 (S1). Successful retest here would open route towards to next target at 1.2814 (S2) and any further decline would then be limited to final support for today at 1.2796 (S3). Resistance Levels: 1.2868, 1.2885, 1.2902 Support Levels: 1.2831, 1.2814, 1.2796 ---------------------------- GBPUSD : HIGH 1.59698 LOW 1.59509 BID 1.59599 ASK 1.59606 CHANGE 0.06% TIME 08:17:22 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD accomplished new step of uptrend formation. Risk of further market increase is seen above the resistance at 1.5970 (R1). Violation here might increase bullish pressure and expose next targets at 1.5981 (R2) and 1.5992 (R3). Downwards scenario: Price depreciation below the support at 1.5949 (S1) level might likely push the pair toward the second target at 1.5939 (S2) and any further market decline would then be limited to support at 1.5928 (S3) price. Resistance Levels: 1.5970, 1.5981, 1.5992 Support Levels: 1.5949, 1.5939, 1.5928 ----------------------- USDJPY : HIGH 82.591 LOW 82.366 BID 82.470 ASK 82.474 CHANGE -0.07% TIME 08:17:24 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: If we take a look on the hourly chart we can see that medium-term bias is clearly positive. We expect further appreciation if the price manages to overcome 82.61 (R1). Next targets could be found at 82.80 (R2) and 82.99 (R3). Downwards scenario: A failure to clear next resistance barrier would open the way towards the initial support level at 82.26 (S1) price. Loss here might take the pair towards to eventual targets, located at 82.07 (S2) and 81.87 (S3) in potential. Resistance Levels: 82.61, 82.80, 82.99 Support Levels: 82.26, 82.07, 81.87 Source: FX Central Clearing Ltd,( ECN Forex Trading| Forex Rates | Forex Market | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 23, 2012 Author Report Share Posted November 23, 2012 Daily Forex Analysis from FXCC Nov 23 2012 Greece edges towards a debt deal; IMF lowers demands Greece may soon breathe a sigh of relief, as a deal with the Troika looks closer, according to Greek-based paper ekathimeini, citing Finance Minister Yannis Stournaras who suggests only 10 billion euros stand in the way of a deal.From ekathimeini: "Sources said that another 8 to 10 billion euros was needed to meet the target." the Greek paper also reports that "the IMF has accepted that Greek debt will not meet its target of 120 percent of GDP in 2020 and is willing for this to change to 124 percent in the same year." German Chancellor Angela Merckel said after the meeting she doubts an agreement will be reached on EU budget this week, and will likely need another few sessions of negotiations. She added positions are too far apart for now. Meanwhile, according to an official statement by the European Council, Yves Mersch has been appointed to the executive board of the European Central Bank for a term of eight years as from 15 December. He will succeed José Manuel González-Páramo, who completed his term of office on 31 May. https://support.fxcc.com/email/technical/23112012/ UPCOMING EVENTS : 2012-11-23 **:00 GMT | European Monetary Union. European Council meeting 2012-11-23 07:00 GMT | Germany. Gross Domestic Product 2012-11-23 09:30 GMT | United Kingdom. BBA Mortgage Approvals 2012-11-23 13:30 GMT | Canada. Consumer Price Index FOREX NEWS : 2012-11-23 05:50 GMT | GBP/USD makes 10-year volatility lows while around 1.5950 2012-11-23 04:47 GMT | USD/JPY in the red below 82.50 for first time in a week 2012-11-23 03:40 GMT | USD/CAD 0.99 a decent support area - TDS 2012-11-23 02:57 GMT | EUR/USD finds bids above 1.2870 ---------------------------- EURUSD : HIGH 1.28939 LOW 1.28685 BID 1.28939 ASK 1.28940 CHANGE 0.06% TIME 08 : 13 : 26 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: We placed our next resistance level above the yesterday high at 1.2899 (R1). If the market manages to overcome it, next resistance in focus would be 1.2917 (R2) and any further rise would then be targeting 1.2935 (R3).Downwards scenario: The pair continues to extend its strengthening on the medium- term perspective, however a breach of our next support level at 1.2868 (S1) might trigger downside formation towards to our next targets at 1.2851 (S2) and 1.2839 (S3). Resistance Levels: 1.2899, 1.2917, 1.2935 Support Levels: 1.2868, 1.2851, 1.2839 -------------------------------- GBPUSD : HIGH 1.59526 LOW 1.59336 BID 1.59526 ASK 1.59530 CHANGE 0.1% TIME 08 : 13 : 27 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: BBA Mortgage Approvals release at 09:30 GMT in focus. Break above the next resistance level at 1.5959 (R1) would suggest next targets at 1.5969 (R2) and 1.5978 (R3) in potential. Downwards scenario: From the technical side, market sentiment is not clear. Next attractive level for the downside development locates at 1.5939 (S1). Loss here might take the pair towards to eventual targets at 1.5928 (S2) and 1.5918 (S3). Resistance Levels: 1.5959, 1.5969, 1.5978 Support Levels: 1.5939, 1.5928, 1.5918 ----------------------------- USDJPY : HIGH 82.506 LOW 82.181 BID 82.268 ASK 82.272 CHANGE -0.24% TIME 08 : 13 : 28 OUTLOOK SUMMARY : Up TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Medium term bias remains positive after correction, provided today. Our next resistance is placed at 82.44 (R1). Rise above it might push price towards to next targets at 82.61 (R2) and 82.77 (R3) intraday.Downwards scenario: Instrument trades below the moving averages and we expect the pair to extend its losses later on today. Below the support level at 82.15 (S1) locates initial retracement targets at 81.98 (S2) and 81.82 (S3). Resistance Levels: 82.44, 82.61, 82.77 Support Levels: 82.15, 81.98, 81.82 Source: FX Central Clearing Ltd,( Forex Rate | Forex News | ECN Forex Broker | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 26, 2012 Author Report Share Posted November 26, 2012 Daily Forex Analysis from FXCC Nov 24 2012 Greek deal hopes and China's improving growth momentum lift market mood Risky assets advanced this week as economic indicators showed improving growth momentum in China and the US, while the economic recession did not intensify in the eurozone. Optimism about an imminent agreement on a debt-reduction package for Greece also contributed to improve market sentiment. Spain took advantage of more positive market mood and it managed to sell EUR8.8bn in government bonds and Treasury bills, helping sentiment toward risk assets. In this context, negative impact of the French credit rating downgrading was quite mute. Peripheral risk premia narrowed notably across the board this week. Notwithstanding the safe-haven yields rose, the reaction in the short-end of the German yield curve was quite limited. At the end of the week, oil prices fell due to ceasefire agreed between Israel and Hamas, reducing one of the global market headwinds. Finally, Japanese yen is being dragged by expectation of Japanese Liberal Democratic Party expectation to win elections on December 16, which backs an ease monetary policy Today's market headlines will be almost entirely dominated by the EU FinMin meeting, with reports over the weekend suggesting a Greece debt deal is still up in the air. On Saturday, finance ministers held a teleconference, which failed to clear up the picture in this regard. The Greek-based paper Kathimerini, citing sources familiar with the talks, suggests an agreement may not be inked until December 3, while portals like Reuters sound more optimistic.-FXstreet.com https://support.fxcc.com/email/technical/26112012/ UPCOMING EVENTS : 2012-11-26 **:00 GMT | European Monetary Union. EcoFin Meeting 2012-11-26 07:00 GMT | Germany. Retail Sales 2012-11-26 21:45 GMT | New Zealand. Trade Balance FOREX NEWS : 2012-11-26 05:31 GMT | EUR/USD, 1.30 or 1.2920 first? EU FinMin to shake up price 2012-11-26 05:26 GMT | AUD/USD above 1.05 if Greece gets the money - Westpac 2012-11-26 05:02 GMT | GBP/USD limited below 1.6050 ------------------------- EURUSD : HIGH 1.29774 LOW 1.29453 BID 1.29453 ASK 1.29459 CHANGE -0.2% TIME 08:30:18 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Next barrier for uptrend formation locates at Friday’s high- 1.2991 (R1), above here opens the way for a move towards to our targets at 1.3010 (R2) and 1.3029 (R3). Downwards scenario: If the market successfully retest our support level at 1.2946 (S1), we expect further consolidation development with possible targets at 1.2928 (S2) and 1.2909 (S3). Resistance Levels: 1.2991, 1.3010, 1.3029 Support Levels: 1.2946, 1.2928, 1.2909 ------------------------ GBPUSD : HIGH 1.60379 LOW 1.60159 BID 1.60169 ASK 1.60173 CHANGE -0.06% TIME 08:30:19 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Resuming of the uptrend is possible above the next resistance level at 1.6051 (R1). Clearance of this level might expose next targets at 1.6067 (R2) and 1.6081 (R3). Downwards scenario: Market deviates from the uptrend formation and currently trades on the session low. Further market decline is limited to next support level at 1.6010 (S1), with only clear break here would be a signal of market weakening with next targets at 1.5996 (S2) and 1.5981 (S3). Resistance Levels: 1.6051, 1.6067, 1.6081 Support Levels: 1.6010, 1.5996, 1.5981 -------------------- USDJPY : HIGH 82.622 LOW 82.066 BID 82.083 ASK 82.087 CHANGE -0.35% TIME 08:30:20 OUTLOOK SUMMARY : Up TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Our bullish expectations remain intact, above the next resistance level at 82.61 (R1). Break here would suggest next targets at 82.79 (R2) and 82.98 (R3) in potential. Downwards scenario: Bearish penetration below the support at 82.15 (S1) might determine negative sentiment for the remaining of the day with possible targets in focus at 81.96 (S2) and 81.77 (S3) intraday. Resistance Levels: 82.61, 82.79, 82.98 Support Levels: 82.15, 81.96, 81.77 Source: FX Central Clearing Ltd,( Forex Charts | Forex Exchange | ECN Forex Online | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 27, 2012 Author Report Share Posted November 27, 2012 Daily Forex Analysis from FXCC Nov 27 2012 More funding for Greece finally approved The EU reached a deal to reduce Greek debt to 124 % of the GDP in 2020 through a package of extra steps amounting 20 % of GDP, that was the headline from Reuters earlier in the Asian session. Reporters, however, had to arm themselves with patience until concrete details out of Brussels came out. Once the Eurogroup press conference was on past 1am Brussels time, Jean-Claude Juncker, president of the Eurogroup, provided the first remarks to the press, saying "today we reached political agreement on next disbursement to Greece", adding that despite has been a difficult decision, "I am complimenting the Greek gov't, I am complimenting the Greek parliament". The Eurogroup will formally decide on the disbursement December 13 if national parliaments approve tonight's deal. For now, what has been written in the draft document is that Greece aid disbursement of around €44 bln will be provided under 3 tranches. The first €34.4 bln loan is expected by mid December once green light from parliaments is given, and through Q1 2013 the rest, subject to implementation of its ongoing austerity program.-FXstreet.com https://support.fxcc.com/email/technical/27112012/ UPCOMING EVENTS : 2012-11-27 09:30 GMT | United Kingdom. Gross Domestic Product 2012-11-27 13:30 GMT | United States. Durable Goods Orders 2012-11-27 15:00 GMT | United States. Consumer Confidence 2012-11-27 19:00 GMT | United States. Fed's Beige Book FOREX NEWS : 2012-11-27 05:40 GMT | Greece buys time; Will EUR/USD buy into Greece? 2012-11-27 05:38 GMT | GBP/USD flat below 1.6050 ahead of UK GDP 2012-11-27 05:13 GMT | EUR/GBP bid above 0.8100 2012-11-27 04:15 GMT | AUD/JPY asks above 86 round heavy ----------------------- EURUSD : HIGH 1.30087 LOW 1.29694 BID 1.29856 ASK 1.29862 CHANGE 0.11% TIME 08:29:07 OUTLOOK SUMMARY : Up TREND CONDITION : Up trend TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Our retail trading market sentiment indicator shows, that majority of traders have sold during the EURUSD appreciation. Penetration above the 1.3010 (R1) might lead to the protective orders execution and drive market price towards to next targets at 1.3029 (R2) and 1.3046 (R3). Downwards scenario: Market stabilized after the previous day’s gains and looks ready to establish correction. Market decline below the next support level at 1.2967 (S1) would suggest next targets at 1.2948 (S2) and 1.2929 (S3). Resistance Levels: 1.3010, 1.3029, 1.3046 Support Levels: 1.2967, 1.2948, 1.2929 ------------------------------------- GBPUSD : HIGH 1.60447 LOW 1.60226 BID 1.60369 ASK 1.60378 CHANGE 0.06% TIME 08:29:08 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Today in focus GDP announcement at 09:30 GMT. Our next resistance level is placed above the local peak at 1.6051 (R1) (High of 23/11/2012). Strengthening above it would point to resistive structure at 1.6067 (R2) onto 1.6081(R3). Downwards scenario: Downside fluctuations remains for now limited to next support level at 1.6025 (S1), only clear break here would be a signal of market easing with next targets at 1.6010 (S2) and 1.5996 (S3) in potential. Resistance Levels: 1.6051, 1.6067, 1.6081 Support Levels: 1.6025, 1.6010, 1.5996 --------------------------- USDJPY : HIGH 82.305 LOW 81.858 BID 82.273 ASK 82.279 CHANGE 0.26% TIME 08:29:09 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: Longer term we look for a move above the 82.43 (R1). Loss here might establish new step of uptrend formation and target 82.61 (R2) en route to 82.79 (R3). Downwards scenario: On the short –term perspective we expect market decline. A Bearish signal would be created if the currency dropped below the next support level at 82.09 (S1). We suggest next targets in such scenario at 81.92 (S2) and 81.76 (S3). Resistance Levels: 82.43, 82.61, 82.79 Support Levels: 82.09, 81.92, 81.76 Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 28, 2012 Author Report Share Posted November 28, 2012 Daily Forex Analysis from FXCC Nov 28 2012 OECD: EU debt crisis a primary threat to world economy The OECD released its twice-yearly Economic Outlook on Tuesday in which it cut the global growth forecast and warned that the Eurozone debt crisis is a greater threat to the world economy than the looming US fiscal cliff. "After five years of crisis, the global economy is weakening again," OECD's chief economist Pier-Carlo Padoan warned. "The risk of a new major contraction can't be ruled out." The Paris based organization reduced its global growth forecast for 2012 from 3.4% seen in May to 2.9%, and for 2013 from 4.2% to 3.4%. It also suggested that the Eurozone economy should start growing again in 2013 and that the US should witness a expansion of 2% next year and of around 3% in 2014. An intensification of the debt crisis in the Eurozone could however push the area into a profound recession and damage US recovery. The OECD urged governments not to cut spending too much, as it hurts growth. Central banks in the Eurozone, Japan, China and India were advised to boost stimulus to prop up their ailing economies. The organization also allowed for the possibility of Greece not being able to strictly adhere to its reform plan, should recession deepen more than expected. “The agreed consolidation measures should be put in place, but if growth proves lower than assumed in the government's fiscal plans, then the automatic stabilisers should be allowed to operate, even if this means missing the set targets,†the OECD stated.-FXstreet.com https://support.fxcc.com/email/technical/28112012/ UPCOMING EVENTS : 2012-11-28 13:00 GMT | Germany. Consumer Price Index. Preliminar 2012-11-28 15:00 GMT | United States. New Home Sales 2012-11-28 19:00 GMT | United States. Fed's Beige Book 2012-11-28 23:50 GMT | Japan. Large Retailer's Sales FOREX NEWS : 2012-11-28 05:42 GMT | EUR/USD risks losing 1.29; Greece lose ends, US fiscal cliff weigh 2012-11-28 05:19 GMT | GBP/USD seeing little action, but gently offered toward 1.60 2012-11-28 05:01 GMT | AUD/USD back to the upper bound of its tiny 30 pip range 2012-11-28 04:06 GMT | GBP/JPY suffering from risk aversion, holds above 131 -------------------------- EURUSD : HIGH 1.29452 LOW 1.29118 BID 1.29164 ASK 1.29171 CHANGE -0.2% TIME 08 : 32 : 07 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : High MARKET ANALYSIS - Intraday Analysis Upwards scenario: The corrective reaction remains in power, though medium-term bias remains positive. In focus our resistance level at 1.2947 (R1), break here would suggest next targets at 1.2967 (R2) and 1.2984 (R3). Downwards scenario: At the moment pair is looing -0.2% and might face next supportive barrier at 1.2900 (S1). Easing below it is essential to enable next targets at 1.2882 (S2) and 1.2865 (S3) in perspective. Resistance Levels: 1.2947, 1.2967, 1.2984 Support Levels: 1.2900, 1.2882, 1.2865 -------------------- GBPUSD : HIGH 1.60248 LOW 1.59949 BID 1.60013 ASK 1.60022 CHANGE -0.13% TIME 08 : 32 : 08 OUTLOOK SUMMARY : Neutral TREND CONDITION : Sideway TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : High Upwards scenario: The pair posted fresh high yesterday and trapped to consolidative mode trading. A break of technically important level at 1.6021 (R1) might determine positive bias for the remaining of the day. Next suggested targets in this case would be 1.6035 (R2) and 1.6048 (R3). Downwards scenario: Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.5992 (S1), only clear break here would be a signal of market easing with next targets at 1.5980 (S2) and 1.5968 (S3). Resistance Levels: 1.6021, 1.6035, 1.6048 Support Levels: 1.5992, 1.5980, 1.5968 -------------------- USDJPY : HIGH 82.211 LOW 81.717 BID 81.767 ASK 81.771 CHANGE -0.47% TIME 08 : 32 : 09 OUTLOOK SUMMARY : Down TREND CONDITION : Downward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Neutral Upwards scenario: Instrument trades in gradual descending channel on the hourly chart. Our next resistance level is placed at 81.91 (R1). Brake here is required for a return to the upper side of the channel with possible targets at 82.01 (R2) and 82.10 (R3) in potential. Downwards scenario: Penetration below the support at 81.66 (S1) might change technical picture and establish downtrend formation on the medium-term perspective. Our next expected target locates at 81.57 (S2) and any further loss would then be targeting to final support for today at 81.47 (S3). Resistance Levels: 81.91, 82.01, 82.10 Support Levels: 81.66, 81.57, 81.47 Source: FX Central Clearing Ltd,( Forex Signals | ECN Forex Broker | Forex Trade | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 29, 2012 Author Report Share Posted November 29, 2012 Daily Forex Analysis from FXCC Nov 29 2012 EU gives the go-ahead to Spanish bank restructuring plan The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy JoaquÃn Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017. JoaquÃn Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia. The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017.-FXstreet.com https://support.fxcc.com/email/technical/29112012/ UPCOMING EVENTS : 2012-11-29 08:55 GMT | Germany. Unemployment Change (Nov) 2012-11-29 10:30 GMT | United Kingdom. BoE's Governor King Speech 2012-11-29 13:30 GMT | United States. Gross Domestic Product Annualized (Q3) 2012-11-29 15:00 GMT | United States. Pending Home Sales (MoM) (Oct) FOREX NEWS : 2012-11-29 06:12 GMT | EUR/GBP flat below 0.8100, 50% Fibo 2012-11-29 05:36 GMT | GBP/USD trying to push higher, eyeing 1.6020 2012-11-29 05:25 GMT | NZD/USD higher on US 'fiscal cliff' optimism 2012-11-29 04:09 GMT | EUD/USD bullish while above 1.2885 - Scotiabank ------------------------- EURUSD : HIGH 1.29611 LOW 1.29388 BID 1.29460 ASK 1.29465 CHANGE -0.05% TIME 08:50:54 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3). Resistance Levels: 1.2962, 1.2980, 1.2996 Support Levels: 1.2939, 1.2921, 1.2903 -------------------------- GBPUSD : HIGH 1.60202 LOW 1.60081 BID 1.60147 ASK 1.60155 CHANGE 0.01% TIME 08:50:55 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Medium Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3). Resistance Levels: 1.6021, 1.6031, 1.6042 Support Levels: 1.6005, 1.5994, 1.5983 ------------------------- USDJPY : HIGH 82.214 LOW 82.006 BID 82.146 ASK 82.151 CHANGE 0.09% TIME 08:50:56 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3). Resistance Levels: 82.22, 82.30, 82.39 Support Levels: 82.00, 81.91, 81.82 Source: FX Central Clearing Ltd,( ECN Forex Brokers | Forex Converter | Forex Expert Advisors | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted November 30, 2012 Author Report Share Posted November 30, 2012 Daily Forex Analysis from FXCC Nov 30 2012 Moody's predicts softer EU GDPs in 2013 Following comments from Moody’s about Greece struggling to be back on a sustainable debt path, also adding that they see high odds of Greek default on privately held debt, the rating agency hit back again on Thursday, this time to remind Eurozone countries that growth for 2013 is expected to be meager. According to Moody's, the Euro zone GDP is expected to rise 0.2% next year, with France GDP projection at 0.4%, Germany to show a 1.2% increase, while contractions in the tune of 4.2% and 1.5% are expected in Greece and Spain respectively. If Greece leaves the euro zone, the EU GDP would fall 4.5%, Moody’s forecasts. An official from the Greek finance ministry announced on Wednesday plans of hiring Deutsche Bank and Morgan Stanley to carry out the voluntary bond buyback. He affirmed that Deutsche Bank would take on the role of the principal supervisor, but would work closely together with Morgan Stanley. This decision comes after the EU and the IMF reached an agreement on conducting a debt repurchase aimed at reducing Greek debt to sustainable levels. Details of the buyback will be announced next week by the Greek debt management agency. As it has almost run out of money, the Greek government proposed that it would borrow 10 billion euros from the EFSF, which would allow it to buy 30 billion euros worth of debt, reducing thus its outstanding obligations by 20 billion euros. Greece still hasn't decided at what price it will offer the bond buyback to private holders of bonds.-FXstreeet.com https://support.fxcc.com/email/technical/30112012/ UPCOMING EVENTS : 2012-11-30 07:00 GMT | Germany. Retail Sales (YoY) (Oct) 2012-11-30 10:00 GMT | European Monetary Union. Unemployment Rate (Oct) 2012-11-30 13:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index (YoY) (Oct) 2012-11-30 13:30 GMT | Canada. Gross Domestic Product Annualized (QoQ) (Q3) FOREX NEWS : 2012-11-30 05:39 GMT | GBP/USD flat below 1.6050, ‘favors the upside’ – V.Bednairk 2012-11-30 05:26 GMT | USD/JPY higher for the session, but still flat for the week 2012-11-30 04:28 GMT | EUR/USD soon expected to crack 1.30 - UBS 2012-11-30 03:42 GMT | GBP/JPY capped below 8-month highs 132.50 ---------------------- EURUSD : HIGH 1.30067 LOW 1.29694 BID 1.30015 ASK 1.30022 CHANGE 0.18% TIME 08:21:10 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium MARKET ANALYSIS - Intraday Analysis Upwards scenario: Extension of the stability above the 1.3013 (R1) level would keep the bullish structure intact and validate next intraday targets at 1.3028 (R2) and 1.3042 (R3). Downwards scenario: The hourly structure might turn into negative scenario if the price mange to overcome next support level at 1.2982 (S1) later on today. Supportive areas locates at 1.2967 (S2) and 1.2951 (S3). Resistance Levels: 1.3013, 1.3028, 1.3042 Support Levels: 1.2982, 1.2967, 1.2951 --------------------------------- GBPUSD : HIGH 1.60485 LOW 1.60346 BID 1.60462 ASK 1.60470 CHANGE 0.04% TIME 08:21:11 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: GBPUSD might find buyers above the important resistance level at 1.6058 (R1) (High of the 27/11/2012). Break here would open route towards to our next targets at 1.6067 (R2) and 1.6077 (R3). Downwards scenario: In regard to the descending movement, opportunities for bearish oriented traders is seen below the support level at 1.6033 (S1). Loss here would enable next supports at 1.6024 (S2) and 1.6013 (S3). Resistance Levels: 1.6058, 1.6067, 1.6077 Support Levels: 1.6033, 1.6024, 1.6013 ------------------------ USDJPY : HIGH 82.545 LOW 82.046 BID 82.380 ASK 82.385 CHANGE 0.32% TIME 08:21:12 OUTLOOK SUMMARY : Up TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Medium Upwards scenario: A violation of next resistance at 82.55 (R1) might call for a run towards to next target at 82.67 (R2) and any further appreciation would then be targeting 82.81 (R3). Downwards scenario: Near-term risks are directed to a drop back to the consolidation formation below the support at 82.28 (S1). In such case our intraday expected targets would be 82.14 (S2) and 82.00 (S3). Resistance Levels: 82.55, 82.67, 82.81 Support Levels: 82.28, 82.14, 82.00 Source: FX Central Clearing Ltd,( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC ) Quote Link to comment Share on other sites More sharing options...
alayoua Posted December 3, 2012 Author Report Share Posted December 3, 2012 Daily Forex Analysis from FXCC Dec 03 2012 Merkel no longer discards losses on Greek debt Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece's debt haircuts, after she said on Sunday this is an option to consider, although not until the ongoing rescue program shows Greece's budget turned into a surplus. Since last Tuesday's deal to ease the mammoth-size debt burden that the Greek government suffers, so that its debt to GDP ratio can come down to 126.6% or thereabouts by 2020, Germany's posture on write-downs of Greek debt has been firm, saying that it would be illegal to pursue such scenario. The majority of German Chancellor Angela Merkel's center-right coalition members as well as the main opposition parties supported the Greek deal. This outcome has positive implications for Merkel herself, as the vote was also a test of her lawmaker's support for her European policies, ahead of the federal elections scheduled for September 2013. During the debate preceding the vote German Finance Minister Wolfgang Schaeuble expressed his satisfaction with Greece's austerity efforts and emphasized that the speculation on another haircut on Greek debt could destabilize the situation in the Eurozone further. - FXstreet.com https://support.fxcc.com/email/technical/03122012/ UPCOMING EVENTS : 2012-12-03 13:58 GMT | United States. Markit Manufacturing PMI (Nov) 2012-12-03 14:00 GMT | United States. ISM Prices Paid (Nov) 2012-12-03 15:00 GMT | United States. Construction Spending (MoM) (Oct) 2012-12-03 15:00 GMT | United States. ISM Manufacturing PMI (Nov) FOREX NEWS : 2012-12-03 04:37 GMT | EUR/GBP firm above 0.8100 2012-12-03 00:02 GMT | USD/JPY capped below 82.50 2012-12-03 01:25 GMT | EUR/USD should advance towards 1.3140 - BBH 2012-12-03 00:47 GMT | AUD/USD breaks through 1.04 on disappointing Australian data ----------------------- EURUSD : HIGH 1.30471 LOW 1.29845 BID 1.30309 ASK 1.30316 CHANGE 0.35% TIME 08:14:27 OUTLOOK SUMMARY : UP TREND CONDITION : Upward penetration TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Bullish MARKET ANALYSIS - Intraday Analysis Price action looks mainly consolidative on the hourly chart. Our next resistance stays at 1.3042 (R1). Market expansion towards to next targets at 1.3055 (R2) and 1.3075 (R3) looks reasonable if the price manages to overcome it. Resistance Levels: 1.3042, 1.3055, 1.3075 Support Levels: 1.2968, 1.2958, 1.2938 ------------------------- GBPUSD : HIGH 1.60476 LOW 1.60129 BID 1.60304 ASK 1.60313 CHANGE 0.15% TIME 08:14:28 OUTLOOK SUMMARY : Sideway TREND CONDITION : Neutral TRADERS SENTIMENT : Bearish IMPLIED VOLATILITY : Bearish The instrument does not seem to have momentum to identify clear direction. Protective measures for the upside development is seen at 1.6058 (R1). Break here would suggest next intraday targets at 1.6067 (R2) and 1.6077 (R3). Resistance Levels: 1.6058, 1.6067, 1.6077 Support Levels: 1.6020, 1.6011, 1.5999 -------------------------- USDJPY : HIGH 82.502 LOW 82.266 BID 82.342 ASK 82.348 CHANGE -0.15% TIME 08:14:29 OUTLOOK SUMMARY : Sideway TREND CONDITION : Neutral TRADERS SENTIMENT : Bullish IMPLIED VOLATILITY : Bullish Instrument moves in range mode. In terms of technical levels next resistance level could be found at 82.74 (R1). Appreciation above it might enable next targets at 82.84 (R2) and 81.68 (R3) in potential. Resistance Levels: 82.74, 82.84, 82.99 Support Levels: 82.04, 81.90, 81.68 Source: FX Central Clearing Ltd, (http://www.fxcc.com) Quote Link to comment Share on other sites More sharing options...
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