Wednesday, December 12, 2012

FXCC : MARKET UPDATE 12.12.2012

FXCC Forex Trading

MARKET UPDATE12.12.2012

2012-12-12 07:15 GMT
Greek banks tender rest of Greek debt holdings to help reach buyback target
According to reports, Greece has reached the bond buyback target at 31.5 billion euros on Tuesday. The deadline for submitting bids was extended by one more day yesterday, due to the inability to reach the expected 30 billion euros by initial deadline which ended on December 7 at 17:00 GMT. Greek banks probably tendered the total amount of the Greek debt they hold in order to help cover the difference between the 26.5 billion euros received last Friday and the the expected 30 billion euros. This means that the EU and the IMF will now be able to unblock the next bailout tranche for the indebted country.
Spain held a debt auction on Tuesday during which it managed to sell 3.89 billion euros of 12- and 18 -month government bods, above the targeted 3.5 billion euros. 2.39 billion euros of 12-month bills were auctioned at an average yield of 2.556%, down from 2.797% seen at the previous auction. The bid to cover ratio was at 2.46, compared with the previous 2.12. 1.5 billion euros of 18-month bonds were sold at an average yield of 2.778% versus 3.034%. The bid to cover ratio was at 2.7 from 5.72 seen previously. - FXstreet.com

2012-12-12 09:30 GMT
UK.Claimant Count Change (Nov)
2012-12-12 17:30 GMT
USA.Fed Interest Rate Decision (Dec 12)
2012-12-12 19:00 GMT
USA.FOMC Economic Projections
2012-12-12 19:15 GMT
USA.Fed's Monetary Policy Statement and press conference

2012-12-12 05:48 GMT
GBP/USD tight in range ahead of UK, US events
2012-12-12 04:00 GMT
GBP/JPY just 30 pips below year 2012 highs
2012-12-12 02:27 GMT
AUD/USD stalls below 1.0540 awaiting RBA Stevens
2012-12-12 00:49 GMT
EUR/USD: tight ranges circa 1.3000 expected pre-Fed
AUDUSD
1.05338 / 349
NZDUSD
0.84016 / 031
USDCHF
0.93217 / 227
USDCAD
0.98621 / 628
GBPJPY
133.281 / 295
EURCHF
1.21227 / 241
GOLD
1712.87 / .15
SILVER
33.08 / .11
EURUSDHIGH1.30141LOW1.29968BID1.29974ASK1.29980CHANGE-0.06%TIME08:14:53
OUTLOOK SUMMARY

Down
TREND CONDITION

Downward
penetration
TRADERS SENTIMENT

Bearish
IMPLIED VOLATILITY

High
MARKET ANALYSIS - Intraday Analysis
Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.2984 (S1), only clear break here would be a signal of market easing with next targets at 1.2971 (S2) and 1.2958 (S3).
Resistance Levels: 1.3014, 1.3028, 1.3042
Support Levels: 1.2984, 1.2971, 1.2958
GBPUSDHIGH1.61203LOW1.60999BID1.61110ASK1.61119CHANGE-0.01%TIME08:14:54
OUTLOOK SUMMARY

TREND CONDITION

Sideway
TRADERS SENTIMENT

Bearish
IMPLIED VOLATILITY

High
The market seems to be trading in a range. If the market participants manage to push the price below the support level at 1.6089 (S1) the instrument has an increased likelihood of failing towards to next targets at 1.6071 (S2) and 1.6054 (S3).
Resistance Levels: 1.6130, 1.6144, 1.6158
Support Levels: 1.6089, 1.6071, 1.6054
USDJPYHIGH82.69LOW82.481BID82.654ASK82.659CHANGE0.19%TIME08:14:55
OUTLOOK SUMMARY

TREND CONDITION

Sideway
TRADERS SENTIMENT

Bearish
IMPLIED VOLATILITY

High
USD/JPY did not find priority in direction yet. Climb above the next resistance level at 82.70 (R1) might provide market with sufficient bullish power and attack next targets at 82.76 (R2) and 82.82 (R3) later on today.
Resistance Levels: 82.70, 82.76, 82.82
Support Levels: 82.32, 82.26, 82.20




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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