Friday, November 23, 2012

MARKET UPDATE 23.11.2012

FXCC Forex Trading


UPDATE23.11.2012

2012-11-23 05:46 GMT
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.

N/A
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

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
AUDUSD
1.03963 / 970
NZDUSD
0.81665 / 675
USDCHF
0.93466 / 478
USDCAD
0.99775 / 785
GBPJPY
131.193 / 207
EURCHF
1.20447 / 460
GOLD
1729.88 / .16
SILVER
33.33 / .35
EURUSDHIGH1.28939LOW1.28685BID1.28939ASK1.28940CHANGE0.06%TIME08:13:26
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
GBPUSDHIGH1.59526LOW1.59336BID1.59526ASK1.59530CHANGE0.1%TIME08:13:27
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
USDJPYHIGH82.506LOW82.181BID82.268ASK82.272CHANGE-0.24%TIME08:13:28
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


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

No comments:

Post a Comment

Followers


Flag Counter

Subscribe via email

Enter your email address:

Delivered by FeedBurner