Tuesday, November 27, 2012

FXCC MARKET UPDATE

FXCC Forex Trading


MARKET UPDATE27.11.2012

2012-11-27 01:13 GMT
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

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

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
AUDUSD
1.04775 / 783
NZDUSD
0.82325 / 336
USDCHF
0.92735 / 748
USDCAD
0.99248 / 257
GBPJPY
131.921 / 937
EURCHF
1.20433 / 443
GOLD
1749.81 / .27
SILVER
34.18 / .23
EURUSDHIGH1.30087LOW1.29694BID1.29856ASK1.29862CHANGE0.11%TIME08:29:07
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
GBPUSDHIGH1.60447LOW1.60226BID1.60369ASK1.60378CHANGE0.06%TIME08:29:08
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
USDJPYHIGH82.305LOW81.858BID82.273ASK82.279CHANGE0.26%TIME08:29:09
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
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id

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